Let’s look at chart 1 – They chart year over year PERCENT, presumably of sales increase. Whoop-de-freakin’-doo! Heading into a recession one would expect the % of sales to be down over the prior year. Now consider the blue line, also % increase over the prior year, and it is trending upward. So what? They are not consecutive years, and the year before is not shown. It is not that difficult to show an upward trend when it is a % increase from under the basement where Bush and Obama placed us.
Chart 2 – ISM manufacturing employment index. Consider the left side scale of this chart. Notice that they don’t tell us what it is, they only provide numbers. Ever perform graphing using Excel? If one shrinks the scale and zooms in, two lines that were very close when the scale was reasonable become far apart - presto! We have recovery.
Chart 3 – a deceptive amalgam of both charts 2 and 1! They don’t tell you what the scale is, and they also pull the same year to year stunt with no basis to truly compare the lines. But do notice that they are both trending down…
This appears to be a case of using charts to lie to the public. What a shocker.
A more complete vetting of information could nullify what I wrote. But if the full data supports a recovery why is so much information missing?
"Business Insider" is cited often on FR -- usually by the same few. I find it a very unconvincing website and wonder if we're not witness to some blog-pimping. Why anyone would pimp this site on FR eludes me. It's completely and conventionally Keynesian and, therefore, liberal.