Thursday, October 16, 2008

Looking Back

Here is an interesting chart showing some key factors today as opposed to the great depression:



Things have been worse. Maybe they will get worse. But they are not yet as bad as they once were.

The print is small, so here are the numbers:

Gross Domestic Product growth:-27%,Great Depression....+1% Today
Industrial Production.........-52%.....................-2%
Unemployment rate high.........25%......................6%
Federal deficit as % of GDP...1.4%....................4.9%
U.S. exports..................-66%....................+15%
Consumer price index..........-27%.....................+4%
Money supply..................-29%.....................+3%