Forget U, V, W or even the newly Roubini-endorsed L when it comes to the shape of the US recession, for Deutsche Bank has introduced the “diminishing sine wave.”
FT Alphaville is not making this up. Here’s the chart, which was included in the bank’s latest Global Economic Perspectives note:
As Paul J Davies put it this morning, “Surely we have now seen everything.”
Related links:
The US Recession: V or U or W or L-Shaped? – RGE Monitor (2008)