Quote:
Originally Posted by Baraka_Guru
Myopia is real. You can't look at unemployment alone and make considerable judgements on how the economy is doing or will be doing. You can't look at bank failures (from how long ago now?) on their own and make judgements on how the economy is doing or will be doing.
I'm not trying to pump sunshine; I'm just trying to point out the indicators suggesting that the economy isn't all shit.
The law of averages comes up with numbers that gauge something measurable over time. The percentage of those fudging numbers probably doesn't change considerably over time. When the economy was "good," it wasn't that good. So when the economy is "bad," it isn't that bad. It all comes out as something measurable in the end.
Refer to what I said about an economic "trough" above. We're in it if we're out of the recession.
|
And I'm not pumping doom and gloom but the reality of the surroundings.
If the economy is getting better then HOW is it getting better? By the same ponzi schemes before? Is it just moving credit monies back and forth? What's being produced to increase the GDP?
By what I'm reading in the papers and in the company quarterlies, it's still not sustainable. Commercial mortgages are going to come due this coming year, a lot of the see-throughs that were supposed to be finished rentable buildings will not produce the expected jobs and tax revenue.
Sorry, "fool me once shame on me, fool me twice shame on you." is what I'm going by here.
__________________
I don't care if you are black, white, purple, green, Chinese, Japanese, Korean, hippie, cop, bum, admin, user, English, Irish, French, Catholic, Protestant, Jewish, Buddhist, Muslim, indian, cowboy, tall, short, fat, skinny, emo, punk, mod, rocker, straight, gay, lesbian, jock, nerd, geek, Democrat, Republican, Libertarian, Independent, driver, pedestrian, or bicyclist, either you're an asshole or you're not.
|