Economy grows 2.2 percent in third quarter (Reuters) 12/22/09Yeah, Like Duh - and the money supply only grew by 68%. This means that the economy did not grow in real terms and instead that it declined.
Showing posts with label statistics. Show all posts
Showing posts with label statistics. Show all posts
Tuesday, December 22, 2009
Economic Sleight of Hand
Wednesday, November 25, 2009
Fingerpainting
Consumers spent more on costly "durable" manufactured goods — such as cars and appliances. Such spending rose 2.1 percent. [Emphasis added] They also boosted spending last month on "nondurables," including food and clothes, and on services...
~ Reuters
It is specious to talk about how much more $ people are spending and using that as reason to try and say that people are actually purchasing more actual goods.
Do you not know that there has been a decline in the amount of goods that a dollar will purchase, i.e., inflation. For example, take a look at the price of that candy bar that you are eating right now. If you paid 80 cents a year ago, but you paid 82 cents today, based on the above kind of pseudo-analysis by this newspaper writer who is toeing the company line, they would say that YOUR consumer spending has risen 2.1% and use that to support the Obama bandwagon fantasy that you have bought 2.1% more candy bars than you did last year.
What falsehood and finger-painting there is going on nowadays. And they want us all to celebrate???
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