Despite what the guys at the Federal Reserve say, and on the financial news channels say, and what the Wall Street Journal says, no one knows the answer to this question. But a very good case can be made that we have seen the economic peak of the mountain (or hill, or bump) and we are in for valley travel in the immediate future.
(From Street Talk Live)
The point of this exercise was to allow your brain to juxtapose visual data to the ongoing mainstream diatribe of economic recovery…
…Since then there has been more confirming data showing that whatever rebound was to be had, economically speaking, from the recessionary lows has most likely been seen.