Is This The End Of The Phony Recovery?
Jan 3, 2014 08:43:37 #
Pretty interesting article. The s**t will be hitting the fan soon...
http://personalliberty.com/2014/01/03/is-this-the-end-of-the-phony-recovery/
http://personalliberty.com/2014/01/03/is-this-the-end-of-the-phony-recovery/
Jan 3, 2014 09:16:56 #
Nice to see all the negative junk out there that' a great indicator there is a lot of topside left to go for the record stock market.
Jan 3, 2014 10:56:09 #
Stock market is a poor indicator of how life is going for the average American. Look back just before we had a down swing and the markets were doing well right before each down swing.
BigNorsk wrote:
Nice to see all the negative junk out there that' a great indicator there is a lot of topside left to go for the record stock market.
Jan 3, 2014 12:23:11 #
mwdegutis wrote:
Pretty interesting article. The s**t will be hitting the fan soon...
http://personalliberty.com/2014/01/03/is-this-the-end-of-the-phony-recovery/
http://personalliberty.com/2014/01/03/is-this-the-end-of-the-phony-recovery/
For one thing we're actually not in recovery, and have been in a recession since 2008. This administration uses in their economic growth rate calculation the annual debt (borrowed money) in the GDP numbers, which inflates the number. The GDP is products actually produced, not borrowed money, which doesn't produce anything. If you take the borrowed money out of the equation, the growth rate is actually a negative number. Just like the CPI excludes energy and food prices, and the U3 unemployment number excludes workers who have quit looking for a job, and underemployed workers working less than 30 hours a week, all are made up phony calculations to make an economy look much better than it actually is.
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