"It wouldn’t be surprising if we see, say, an uptick in industrial production in a few months, as the inventory cycle runs its course.
If so, that doesn’t mean the worst is over. There was a pause in the plunge in early 1931, and many people started to breathe easier. They were wrong.
So far, there’s nothing pointing to a fundamental turnaround this year, or next, or for that matter as far as the eye can see."
Paul Krugman på sin blogg.
NB
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