This presentation attempts to explain what is happening in the economy and evaluates the potential policy and personal responses to economic conditions.
The presentation was impromptu, so the slides were made afterwards upon request. Hopefully, they are clear without commentary, but questions and comments are appreciated.
Click to download -> Bar Camp Presentation
UPDATE: Careful reading by my friend James Shannahan caught a very big mistake in the original slides. I said the economy contracted in real terms because I subtracted the inflation rate from the rate of GDP growth. Turns out that the GDP statistic I was using was inflation-adjusted. However, there is some controversy about how the inflation number is calculated, and some contend it is intentionally manipulated by the government for its own benefit. You can read the argument at Shadow Stats and see an another alternative inflation calculation metric at the MIT Billion Prices Project.
(Please comment below instead of on social media sites, so that readers coming from different sources can participate in one discussion.)