CIVPART - EMRATIO Revisited

It's been almost six months since I updated the CIVPART - EMRATIO spread, and nine months since the original post.

Events have completely borne out the local minima in this curve as a recession indicator, back in April 2008 when the question was still hotly debated ( the original post referred to above).

The original post:

http://energyecon.blogspot.com/2008/04/local-minima-in-civpart-emratio-spread.html