I heard on the news today that our economic recovery is at risk. I wondered what that guy was smoking and if it showed up on drug tests. Unemployment is around 10%, real inflation (I don’t know about you but I can’t magically factor out food, housing and energy) is nipping away at purchasing power, home prices are down and the markets are painfully in the hole.
Granted the economy is a complicated thing so it is best judged by a broad variety of indicators. To be blunt I would say that finding any indicator that is positive would be difficult and even then it would be an exception proves the rule sort of situation.
In normal people’s lives unemployment, followed by inflation (maybe inflation would go after home prices as home prices trickle into a lot of things but I went inflation first because most people are not buying or selling a home at any given time), followed by home prices and then the market are probably the indicators that matter the most.
Come to think of it the only really positive thing I have heard anybody say about our economy in some time is that it is probably a buying opportunity for real estate and stocks.
The phrase “don’t piss down my back and tell me it is raining” comes to mind.
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3 comments:
Brother, I'm not fan of trite-shit bumper supersticker-type responses to aqnything. In the end, we'll all be in the same 'boat'. G-d bless you & yours. Keep safe.
Snoop-diggity-DANG-Dawg
That phrase is exactly what the gooberment and the MSM are doing. While advising us all to sing "Don't Worry, Be Happy". Well to quote Billy Crystal's version of that song: "I'm real worried, I feel crappy". I'm not bamboozled by fedgov lies and media pandering. The basics of economics are the same, whether macro or micro...
I, for one, would love to see us hit the second dip of a double dip recession. That would mean we have recovered from the depression.
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