The economy is fine! There is no recession! We have everything under control!...........
Posted on 10/08/2011 5:13:45 AM PDT by blam
The Hot New Theory About What Happened To The US Economy
Joe Weisenthal
Oct. 8, 2011, 6:27 AM
Something weird is happening with the economic data in September: It's okay!
Datapoint after datapoint screams: The economy is mediocre, but it's not collapsing.
For example...
* The September jobs report was a lot better than the August jobs report.
* Rail traffic is growing.
* Car sales were downright HOT in September.
* Retail sales? Check.
* Construction spending was fine too.
There was certainly some weak data, as things are not amazing, but the numbers haven't been heart-stopping the way some of the August numbers were (like that goose-egg jobs report, which later got revised higher).
So what's going on?
One theory that's clearly pretty hot: The economy this summer suffered a confidence shock with the debt ceiling crisis, causing an artificial slowdown.
There's a basis for this. A poll showed that the whole fiasco hit consumer confidence in the same way as Katrina and 9/11 did.
This table from Calculated Risk shows what, historically, how long it's taken to rebound from external shocks in consumer confidence.
Event Driven Declines in Consumer Sentiment
(Go to the site to view the chart)
So this is the hot new meme: The economy is okay, but we had a damaging freakout at an inopportune time but now we're recovering (knock on wood, anyway).
(snip)
(Excerpt) Read more at businessinsider.com ...
Vote For Obama.
ECRI Recession Watch: Growth Index Declines Further ("You Haven't Seen Anything Yet")
This article must have been written by graduates of the “Debbie Wasserman-Schultz College of Economics”.
The economy is fine! There is no recession! We have everything under control!...........
Baltic Dry Index Reaches 2011 High as Panamax Ship Rents Gain
...but, as usual, the devil is in the details.
LOL! I’ve seen people routinely eviscerated at staff meetings for using hollow and meaningless descriptors like “growing”, “HOT”, “fine” and “check” in their management briefings.
For a long time, I actually hoped the economy would improve in spite of Obama, but I guess we all know how that hope crap really works.
I’m guessing the economy will start turning around late next year when it becomes obvious we’ll have both houses and the presidency.
Not ONE of those words is used in MY management briefing: Our firm has exhibited leadership by enhancing the facilitation of synergystic, scalable core-competancy paradigm-shifts vis-a-vis the most granular service point of difference, empowering the ongoing assurance of the product architecture being functionally equivalent and parallel to the longitudinal business-practice shift postulated by the use of mission-critical management dialogue technology on a go-forward basis, in accordance with ISO-9001:2008 standards
September? The stores are putting out their Christmas stuff, the Auto industry is coming out with new model cars, the 2011 models are being reduced. Surprise! Jobs and Car sales are up. Duuuuh.
The peeps espousing this stuff always seem to forget a little thing called “math,” don’t they? What will they say when the proverbial fecal matter hits the oscillating rotary device? It was “unexpected?” Silly rabbits.
Dang...I stand in awe. Mind if I borrow that for my next briefing?
You can use it. You won’t be dinged for using the four forbidden words, and everyone will STILL be befuddled. Win/Win.
A couple of more buzzwords, and soon you will be CEO!.
Haha — and don’t forget to “leverage the low-hanging fruit going forward.” :-D
| Zer0 knows what he is doing, and he's not going to change course with his economy. We'll see his sustained propaganda and lies until election eve. The game played by the Marxists is war where the end justifies the means. No matter how it's dressed up, it's an assault on America's freedom. The winning rule in 2012: a direct and non-stop political attack on Obama's record! |
Countdown until Zer0 leaves Office: 470 days as of October 7, 2011.
Mail volume increased 3%. Changes of as little as .1% are SERIOUS ~
IMHO....there’s some truth to this. There are still Americans that can get by, make a buck and have a close enough to good life DESPITE the idiots in Washington that our economy is limping along. We are barely out of the last recession, but things are probably not going to crash and burn. That is NOT to say we are doing well, or that 4 more years of the big 0 won’t be enough to send us over the cliff. The best analogy I can come up with is from a Monty Python movie, where our economy is the guy yelling “I’m not quite dead yet”...and Barry is the son trying to toss us on the wagon.
Yup. I once had an engineer describe to me something being 'dead-nuts-on'. I couldn't help myself, I laughed out loud. (A good engineer always has a number, +-)
ISO ~ my eyes glaze over.
Oh dear Lord. “Low hanging fruit” is the current buzz phrase in my office. You’d think I we all worked in an orchard.
It’s not that there is a shortage of jobs, it’s more like there are too many people.
We need a program to reduce the number of people so that it matches the number of jobs. (/libtard think)
LOL! May I use that beautiful multi-syllabic monstrosity in my next memo?
One of the small pleasures I allow myself at work is to edit out all the cheerleading pom-pom waving boilerplate and b/s that infest the management memos which cascade into my office email every day.
The length of any given memo is usually reduced by 40-50 pct.
The calm before the storm.
A very big storm.
"A very big storm."
Yup...that's what many are saying.
Now, many are saying that were are already in a recovery and that things will be fine.
How can these opinions be so far apart?
Because one is the truth, and one is wishful thinking.
The economic fundamentals have not changed, either here or in Europe.
The dollar bubble and the government debt bubble are going to pop. And when they do, and the dollar is no longer the world's reserve currency and no one wants to buy our Treasuries, we are screwed.
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