Two pieces of news fell through the cracks today (it is called information overload, and we all face it.) Charts below, decide for yourself. Are we in a recession?
M2 money supply (thanks to John Ellis)
Philadelphia Fed Index (thanks to Joe W.)
[credit provider=”Philadelphia Fed Index” url=”http://www.philadelphiafed.org/research-and-data/regional-economy/business-outlook-survey/2011/bos0811chart.jpg”]