Avinash_Tyagi said:
NJ5 said:
@akuma: Look at this quote from the link you posted:
"Japan has already engaged in extensive public works spending in an unsuccessful attempt to stimulate its economy."
How does that help your case that stimulus spending is the way to do it?
As for the unemployment numbers (besides the concerns with how the measure works), it should also be mentioned that the "bottoming out" is actually just a single month of data where unemployment increased by a small amount. Let's not argue too much over a single data point which may turn out to not mean much pretty soon.
@Avinash_Tyagi: I didn't say things will go downhill as fast or deep as in the Great Depression.
There's no false bottom, because there isn't a bottom. Where did you see a bottom?
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Leading indicators are showing us near a bottom, as I pointed out earlier
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Here are the facts. Find me the leading indicators.
http://www.bea.gov/national/nipaweb/SelectTable.asp?Popular=Y
