"Ultimate Conditions For Recovery"by Jim Willie, CB, FSU Editorial 11/06/2009 »
Posted By rightfromwrong 2 weeks, 1 day ago in Business & Finance
With the steady stream of claims toward an economic recovery, one must do a reality check from time to time. The Gross Domestic Product for 3Q2009 reflected a solid temporary push from the absurdly inefficient and costly Clunker Car Program, and an inventory drawdown that finally arrived. Both factors contributed to a lift in GDP that in no way testify to a recovery. The Productivity at 9.5% for Q3 is the latest story of a supposed recovery. Well, if the truth be told, the combination of business liquidation and significant worker cuts adds to output with the advantage of the negative incremental workers. So if extremely large swaths of the USEconomy were to be liquidated in an organized fashion, and businesses pared down staff just to management and perhaps some temporary workers, the moronic economists that pollute the financial helm would rejoice for the burst to GDP with amplified Productivity. What a clown show! Then came the promising rise in the ISM manufacturing index. However, almost every single of the 15 regional manufacturing indexes turned lower. Hmm! Seems like a fraudulent national statistic was released. Is any USGovt economic statistic valid anymore? Nope!
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rightfromwrong
2009 - I hope for our new President but there are forces out there which we all know exist and they have been known to make ...
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