Tuesday, June 14, 2011

Things that Correlate

You rarely see correlations this high in the economic real world (+0.96).

In this case, it's Real Retail and Food Services Sales and Total Nonfarm Payrolls.  Weakness in one, leads to weakness in the other.  Have you ever seen such a clear proof of demand-side economics?  Can we put the supply-side away for now and focus on things that work?  Like getting people employed and buying stuff again?  Please????

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