"If This Is An Improving Economy, We're In Trouble"

by leavingwt 3 Replies latest social current

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  leavingwt

  If This Is An Improving Economy, We're In Trouble

  Several important economic people have publicly stated they see the economy getting better. Over the last several weeks, Larry Summers said he has heard anecdotal information that things are improving. President Obama made similar statements recently as did Fed Chairman Ben Bernanke. The question is, "does the data back up this assertion?"

  While it's important to be hopeful about things overall, the underlying data does not support the conclusion that things are getting better.

  http://www.dailykos.com/storyonly/2009/4/19/721879/-If-This-Is-An-Improving-Economy,-Were-In-Trouble
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  kurtbethel

  It is a matter of perspective. If you are obtaining assets at bargain prices, or getting a large bonus and stock options, then for you the economy is indeed improving. Consider who Larry Summers or Ben Bernanke work for, and what their perspective would be. From that vantage point the economy is very likely improving quite well.
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  PrimateDave

  Some similar "words of encouragement" over at Financial Armageddon.com:

  Awfully Familiar

  I like one of the comments left on the above blog: "none of theses imbeciles saw it coming,how do they know its over ?"

  Dave
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  BurnTheShips

  It is a matter of perspective.

  From a personal perspective, I got laid off in December but it is shaping up to be a great year.

  "none of theses imbeciles saw it coming,how do they know its over ?"

  Exactly.

  BTS