Thursday, May 14, 2020

Why a 10% plunge in spending is good news

Yahoo Finance
When activity collapses in an economic crisis, before you can talk about a recovery you must first slow the rate of declines.

And so good news, relatively speaking, becomes characterized by a deceleration in the deterioration. You may recognize this from calculus class as a turn in the second derivative.

This is exactly what Bank of America’s credit and debit card activity has started to show.. . . more