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What evidence do you have that demand has recovered?


Production has recovered, as have profits. Goods are being produced, services being performed, and consumers are buying.

See my response to davidmathers for links to specific timeseries.


The way I read those statistics makes me think that we have the same GDP as we would have expected to have reached by the beginning of 2009, except with 2 years worth of population increase, productivity gains, and inflation unaccounted for. The Industrial Production Index chart seems to place us somewhere around the year 2000.




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