Not on Economic Diplomacy: Just an other stunning figure on the crisis

Conference board statement:

The recession is losing steam. Confidence is rebuilding and financial market volatility is abating. Even the housing market appears to be stabilizing. If these trends continue, expect a slow recovery beginning before the end of the year.

So the recession is not over yet. This means things will get a bit more severe.

Just one more number indicating the depth of the crisis. Underutilisation of industrial capacity in the US now is a stunning 35%.

If time allows it I will give of full oversight on recessions stats in the near future.