While there was some decent news suggesting the economy might not
be falling into a recession, there are still plenty of knowledgeable folks who think some sort of recession is likely
. Last week, in New York, plenty of folks I spoke to seemed to believe we were already in one. Of course, to actually call a recession, the general consensus is that there would need to be two consecutive quarters of negative economic growth. So how would you measure that growth? Well, apparently the White House would prefer to make it as difficult as possible. Reader Jon
writes in to note the rather inconvenient timing of the Administration suddenly deciding to shut down its own website that aggregated economic indicators
. The site, EconomicIndicators.gov
had even won awards
from Forbes as a great resource. The timing of the closure certainly raises some questions. It's not that difficult to manage a website (though, I recognize, in the government, all costs are multiplied by some insanity multiplier). If it's really so expensive to manage, why not throw it open and make it into a wiki? Hell, perhaps Jimbo Wales
or somebody can build a WikinomicIndicators site instead.