Today, Steve Hayward of Powerline wrote a blog post titled, The Economy in Pictures. He uses a whopping 4 graphs to argue that the economy is near a recession. You can stop laughing now.
Over at XE.com I have a post that uses 18 different indicators -- and these are indicators that have a long track record of being accurate predictors of economic activity -- to argue that we're still looking at a modestly growing economy.
Once again, we have Steve Hayward proving that he's an economic jackass of the highest order. But on a good note, we can also start to argue that he's a great contrary indicator: do the exact opposite of what he does and you'll make out like a bandit in the market.
