GDP Reax

 

Chart from Clusterstock. Avent frowns at a chart from the Minneapolis Fed:

With the latest GDP data release, and new data revisions going back to the end of 2006, America's latest recession has cemented its status as clearly the worst of the postwar period.

Ezra Klein:

We'd thought the GDP grew by 0.4 percent in 2008. Now the Commerce Department says it flatlined. All this is worrying on two levels: First, bad economic news is bad economic news. And second, if you're a business deciding...