THE QUESTION FOR CONSUMERS: “Should you hold onto your depreciating dollars or spend them now on something that will hold its value a little better?”
Does this provide an answer? “And here’s another sobering chart from Calculated Risk: Job loss severity in postwar recessions. As you can see, this one is the by far the worst, and it’s on track to being the longest. Good times!” I think this is that hope-and-change all the kids were excited about back in ’08. . . .