Tuesday, March 10, 2009

Woah, those numbers are a little worse than I thought they'd be

"Trade is forecast to fall to its lowest point in 80 years in 2009"

80 years? WTF. As a percentage of the global economy or in inflation adjusted currency volume or what?

This quote is from the World Bank (as reported by the increasingly mediocre reporting of the AP news service).

I mean, for all intents and purposes that is as close as you can get to NO trade. You'd think this would have to be a typo. Maybe you meant in 29 years and got confused.

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