Yes, the Yellow Pages has hit the mat again, and it's made an even smaller dent than last time.
So - to the incredible shrinking C@W Real Economy Index. Clearly the shrinkage is not merely in girth this time, it's shrunk in every dimension - by 42% in advertising acreage, our traditional measure (cumulative fall of 56% over twop years), albeit only 28% down in (narrower) column inches of ads (45% cumulative).
I think we know that print media are on the way out. But it certainly doesn't speak to a 1.1%-per-quarter GDP surge, does it ? See Mr Q's notes in the comments here last week.