Winters in Michigan are not for the light of heart. Neither are the recessions. Below is a figure showing the year-on-year % change in the coincident indicator for the United States and Michigan from January 1980 to April 2009. (Click on figure to enlarge.)
If the movement of economic activity in Michigan could be made into a roller coaster it would be one thrilling ride!
If the movement of economic activity in Michigan could be made into a roller coaster it would be one thrilling ride!
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