Saturday, May 23, 2009

Green shoot of an L-shaped recovery?

The latest report on economic prospects from the San Francisco Federal Reserve indicates that, unlike the V-shaped rebounds of previous recessions, this time around the recovery will be a slow and painful process. More graphs on the US economy are available here.

(HT: Economix)

Updates 1
Boston Fed too sees slow recovery. And Cleveland Fed examines the movements of yield curves and feels much the same.

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