What is The “Economy”?

If you mean Equity Markets, up 20%, looking good
If you mean middle class, jobs, purchasing power, standard of living, not so good. The opportunity for generation coming out of school was destroyed.
If you mean GDP we are growing at 3%, …
and there hundreds of other metrics, and they are all over the map!!!

Why do we have to make things so complex?
Let’s be practical, if your “Econometrics” are showing a Recovery,
but the average person on the street is struggling to pay the bills,
you need to Redefine your Parameters. Happens in Scientific crisis all the time…
If this particular Science is heavily tied to Confidence and Psychology, the best thing to do to build confidence and create positive Psychology, is to be honest about it, and stop with the creative accounting, and the re-defining, and the re-vising.
As a politician, the best thing you can do for your country right now is to assume that you yourself will soon inevitably be in the pool of 15 Million unemployed Americans, and not focus on your career, but focus on your country.

All the solid, can’t be debated economic numbers are over 20% down from 2007. The “estimates”, “survey” and stock market show “growth”!

Check tax revenues, port of entry receipts, global freight movements, SNAP report, unemployment FILINGS, not the monthly SURVEY, petroleum distillates distribution, new home builds, and I could go ON AND ON!

ALL NUMBERS 20% DOWN FROM 2007. There is NO recovery, just a temporary settling at the bottom until it slides off another cliff.

We can sit around and play games with numbers, or come clean and have a shot at leading the world in the 21st century.

- JohnnyCreepy

Related Posts:

• Here’s the reality - the GDP could NOT have grown based on ALL the underlying REAL data:
• 2009 Will Be Interesting For Stock Market
• Economic indicators and the story is about GDP.
• Do not equate what the market does to the Depression we are in.
• Let’s see, that passing of the crisis would be in 2020? 2030?

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