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IPFS News Link • Economy - Economics USA

The Economy: Walking Pneumonia Type of Contraction Since August 2009

04-27-2010 • EconomicPolicyJournal.com

We measure the depth and quality of web based consumer "demand" on a daily basis, and during this recovery the year-over-year changes in "demand" that we measure actually peaked in August 2009 and have been declining ever since. In fact, our "trailing quarter" of web based consumer demand slipped into year-over-year contraction on January 15th, and since then we have been plotting the progress of this 2010 contraction event against the profiles of similar events in 2006 and 2008

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