Monday, August 31, 2009

"Improvement"

A recurring theme lately has been news reports that the economy is improving, with evidence such as a decrease in the number of new unemployment claims, lower than expected losses on company balence sheets, etc.

It makes me wish differential equations was a mandatory subject in school.

A decrease in the rate of descent is NOT the same thing as an increase. We're still going down, we're just not going down AS FAST.

IMO, the recession isn't actually 'over' until we've not just started going UP again, but regained all the lost ground of the down swing.

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