I was looking at consumption, not GDP -- private sector spending, not that + investment + government spending + imports-exports.
I found several places that show consumption down 10% -- which puts us at serious risk of a death spiral.
Level head said 'private sector spending isn't bad, 'the economy' is only down 1%' meaning the GDP apparently. I thought he meant private sector spending was only down 1%, which doesn't line up with anything I've seen.
no subject
Date: 2009-02-09 09:55 pm (UTC)I found several places that show consumption down 10% -- which puts us at serious risk of a death spiral.
Level head said 'private sector spending isn't bad, 'the economy' is only down 1%' meaning the GDP apparently. I thought he meant private sector spending was only down 1%, which doesn't line up with anything I've seen.