Friday, February 20, 2009

The second derivative may be turning positive

From The Economist:

When the going gets tough, the tough get their maths books out

MANY of the diehard optimists on Wall Street have been beaten to a pulp by now, but those still standing have fallen back on a nifty bit of calculus. The second derivative, they say, is turning positive. That means that although the economy is spiralling down, it is doing so more slowly....MORE
HT: Alea