Watch Live: The Washington Ideas Forum 2014

No, This Graph is Why the Recession is Over

Not to take the wind out of Derek's sails (sorry Derek), but the NY Times has one of the coolest interactive charts I've ever seen. It also indicates that the recession might not last much longer. The below chart of industrial production is just a mere teaser. Follow the link and click through the slideshow to understand what the graph means. You will be amazed. At least, I was. Click through all nine slides, because the last one is the coolest.

IndustrialProduction.PNG

If you followed the link, you saw that the graph above is not just a doodle on an economists' notepad from a boring meeting. It explains that industrial production might be predicting good times ahead. The crux of the argument can really be seen in the ninth slide. That one indicates that the Organization for Economic Cooperation and Development's indicators lead actual recovery, but correlate strongly with industrial production.

Unless we continue swirling around for a while in that lower left quadrant, then we should be enter recovery before too long. For now, however, keep that champagne on ice. It's a little too soon to tell if the darkness is giving way, as even the OECD's indicators aren't in the right side of the chart yet. But they certainly seem to be headed in that direction. And if the future resembles the past, then industrial production will follow, as will the rest of the economy.

Presented by

Daniel Indiviglio was an associate editor at The Atlantic from 2009 through 2011. He is now the Washington, D.C.-based columnist for Reuters Breakingviews. He is also a 2011 Robert Novak Journalism Fellow through the Phillips Foundation. More

Indiviglio has also written for Forbes. Prior to becoming a journalist, he spent several years working as an investment banker and a consultant.

Maine's Underground Street Art

"Graffiti is the farthest thing from anarchy. It's very organized."

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.

blog comments powered by Disqus

Video

Maine's Underground Street Art

"Graffiti is the farthest thing from anarchy."

Video

The Joy of Running in a Beautiful Place

A love letter to California's Marin Headlands

Video

'I Didn't Even Know What I Was Going Through'

A 17-year-old describes his struggles with depression.

Video

Google Street View, Transformed Into a Tiny Planet

A 360-degree tour of our world, made entirely from Google's panoramas

Video

The Farmer Who Won't Quit

A filmmaker returns to his hometown to profile the patriarch of a family farm

Video

Riding Unicycles in a Cave

"If you fall down and break your leg, there's no way out."

Video

Carrot: A Pitch-Perfect Satire of Tech

"It's not just a vegetable. It's what a vegetable should be."

More in Business

Just In