Oh, wait a minute. It's an inventory blip. Drat.
Mish provides quite a bit of relevant information.
Alas, though, he can't resist saying this at the end:
It is a mistake to believe government spending can possibly provide a solid foundation for a lasting recovery.
This might be my favorite bit of nakedly-asserted right wing/glibertarian dogma.
I'm not sure when Mish was born, but he evidently missed 1938 through 1980, before supply side economics started the demise of the American economy.
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