Wednesday, June 10, 2009

"V" as in victory or V-shaped recovery?

Ever the optimist, Brian Wesbury thinks the economy is turning around.
We have said from the beginning that the recession would end quickly and a V-shaped recovery would follow. Now, a combination of loose monetary policy and reforms to overly strict (and inappropriate) mark-to-market accounting rules have ended the financial panic.
He has the charts to prove his case.

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