Sunday, May 17, 2009

Industrial production continues to fall...Can we get some good news yet?

The deterioration continues

The Federal Reserve reported Friday that its index of industrial production fell another 0.5% in April, after having fallen 1.7% in March. Some analysts took comfort in the fact that at least the rate of decrease has slowed. But any decrease means we're producing less than we did the previous month, and recovery requires growth, not a slower rate of decline.

ind_prod_may_09.png

Posted via web from jimnichols's posterous

No comments:

Post a Comment