Another month, another month of bad data. The green shoots crowd sometimes points out that all data is a bit delayed, so the green shoots are there but we just can't see them yet.
I have no desire to be right about this, but my pessimism about the economy continues to grow. The knock on effects of the foreclosure crisis, which isn't even close to being over, along with growing unemployment... well, as I said, I'm very pessimistic and I think even now there's an incredible bias in favor of happy talk in the political-media industrial complex.
