ZJPN - Being Unsentimental About Economic Meteorology

• A modest dip was thought perfectly natural, but then the Federal Reserve last week paid out much more than modesty in its updated sharply declining Industrial Production numbers (where total output is still less than it was in 2014).
• Seriously, here we are with the cold weather nonsense all over again when, before 2008, economic commentary and meteorology had always related two separate, very distinct disciplines.
• When the economy is really going, it just doesn’t have time to slow down for the weather or anything. And the period immediately following a recessionary trough is usually when this is the way it goes; at least historically.

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