I've plotted it with a 3 month moving average (it's very "spiky" unadjusted), and this measure of it is well correlated with overall national economic activity.
So for what it's worth, it does look as if the economy is picking up, despite the political shenanigans.
If the reports I've read are in any way accurate (and sadly, it's gotten to the point where almost any source might as well be some random blogger on the Internet -- present company excluded, of course -- the economy is booming (relatively speaking) and the deficit is at its lowest in about 50 years.
ReplyDeleteDo not expect that to have any impact on the teabaggers.
Well, there was a surplus under Clinton. (So much for Democrats being spendthrifts!) And there is a second round of sequestrated in the new year unless the kiddies agree, which they won't. But the economy does seem to be progressing despite the food-throwing in Washington.
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