At least it's official

Well, the Organisation for Economic Co-operation and Development (OECD) did the industrialized world a favor by rendering clear what was already blindingly conspicuous:

The world's developed economies have entered a "protacted slowdown", the OECD said today as it became the latest international organisation to acknowedge that a global recession has hit.

Economic activity across the OECD's 30 member countries is expected to fall by 0.3 per cent next year, the Paris-based group said.

The US economy will shrink by 0.9 per cent , the eurozone by 0.5 per cent and Japan by 0.1 per cent in Japan, the OECD said.

This on the same day that US jobless claims reached a level not seen since just after 9/11. On the bright side, Matthew got that thing on his neck looked at. Completely benign. So there's that.

Canned food futures, kids. Canned food futures.