re: #62 Killgore Trout

Funny thing about that 3.5% increase in 3Q; it largely coincides with cash for clunkers and the housing tax credit. Those expired (or will soon), meaning that the economic situation will revert to its prior shape, which was bad enough.

Moreover, it’s curious looking at some of the charts showing the current recession and going back to the recession of 2000-2002.

One good quarter isn’t going to cut it; it takes a sustained improvement, and I think the situation is far from over on the downside - commercial real estate is still in trouble; the automakers are still having all manner of woe; and a lagging indicator of unemployment has yet to peak.

This isn’t over by a long shot.