The empiricists will have difficulty being upbeat after looking at this data but the Keynesians could very easily be upbeat.
When push comes to shove the Keynesians have a fall back position well beyond the empirical data and that fall back position is animal spirits. Since no one can define 'animal spirits' it permits the ultimate quackery of Keynes to go along its happy path of the destruction of a capitalist economy so socialism can take its place.
In case anyone does not realize this, that is the whole purpose of, and the devious scheme within, the perverted mind of Keynes.
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