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Reason Foundation

2010 Contraction Worse than 2008

Anthony Randazzo
November 1, 2010, 9:16am

Consumer Metrics Institute has a haunting graph posted over at Pragmatic Capitalist.

On October 20, 2010 the aggregate severity of the 2010 contraction in consumer demand surpassed the similar measure of economic pain experienced during the “Great Recession.” And a glance at our “Contraction Watch” tells us that the pain is not about to end anytime soon:

See here for the whole blog post, a few other associated graphs, and CMI's explaination.


Anthony Randazzo is Director of Economic Research


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