pudding and a movie

“The U.S. economy contracted at an annual rate of 5.7 percent in the first three months of 2009, slightly less than previously estimated, the Commerce Department said Friday. …” – source: NPR

Sounds optimistic, but quite literally off the charts. The below image is a  recent chart from CreditSights which shows annual changes in US GDP from 1948 to 2008. To this, I’ve added the minus 5.7% for (annualized) March 2009, for context.

Off the charts

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