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[baldeagle]

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aIjf7nleXUcY

[zcommodore]

I thought the following sentence in the 4th paragraph was interesting:

Delinquencies are a lagging indicator that often doesn't peak until late in an economic slowdown.

Does that mean the economic slowdown may actually be ending soon?

[snake]

I thought the following sentence in the 4th paragraph was interesting:

Delinquencies are a lagging indicator that often doesn't peak until late in an economic slowdown.

Does that mean the economic slowdown may actually be ending soon?

not necessarily, since there is no indication that delinquencies have peaked. If one were to use Prosper as an early indicator, one can surmise that delinquencies will only continue to rise for the forceable future.

in manhattan, one good proxy for measuring employment activity is to use subway traffic. I knew that the country was in a recession when I could start getting seats on the subway during the morning commute.

[Senator]

I knew the economy was in recession when I could get same day therapeutic massage appointments.

I live in California.