The Recession of 2008 That Wasn't? :: sbvor
Between a lower unemployment rate, continued GDP growth, continued growth in personal income, continued growth in industrial production, a clearly rebounding stock market (a leading economic indicator) and tremendous fiscal stimulus in the pipeline, it is becoming increasingly unlikely that we are currently in a recession of any sort, much less the catastrophic recession promoted by so-called “journalists”.
Or, as was more succinctly reiterated at Carpe Diem (after an even more insightful analysis of today’s employment data):
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1 comment:
Ah yes, the fallacy of the broken window , inflation being reported as GDP.
The truth is a little more painful.
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