With all the talk about recession making its way through the financial media, here's interesting read.
businessinsider.com/philly-fed-state-coincident-indexes-latest-maps-2016-2?
Noting information from the Philadelphia Federal Reserve, it's a record dating to 2005 with monthly maps showing the status of each state's economic condition. If the article has a weakness it's the constant MSM ploy of pointing out things might not be sterling but they are not as ugly as they were a few years back. Neither is the gal down the street who recently had a facelift.
This is just more of the my-kid-is-the-smartest-one-in-the-dumbest-row-at-his-school stuff media loves to purvey. Back in the darkest days of this downturn the official unemployed numbers were way too low. And it's just as likely the numbers suggesting how well we are now doing are way too high.
Under estimating the bad and over estimating the good is a systemic government disease endemic to all governments. Face lifts are not the sole province of surgeons.
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