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fake so called recovery
financing is a whole lot easier than it ever has been
just like credit
it works together to generate consumerism.
it's all bought with money that isn't there
a whole lot different from any previous affluence
it's an empty bubble with not a lot of substance at all
and when it bursts . . .
watch out!!!!
better not be in it way.
posted by
Xeno-x
on February 13, 2005 at 12:33 PM
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Pretty spectacular illusion, I'd say - new house sales and existing house sales both setting record highs last year, both up four (I think) years straight, 2.1 million new jobs, etc. Face it, liberals - the Clinton recession is over.
posted by
WriterofLight
on February 12, 2005 at 8:23 PM
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Oh, I Get It!!!
Sometimes I feel like a fluorescent light bulb -- it takes a little while to come on. Oh, now I get it -- the graph you have up there is for
Inauguration Day. The great irony (and no doubt foreshadowing) of Wall Street's confidence (or lack thereof) in where this president's policies are taking us. Hey, better late than never -- some people got into a serious analysis of technical indicators and so forth. Keep warm, if you're in the path of the snow storm (as I am today).
posted by
writersjourney
on January 21, 2005 at 11:40 PM
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The "Recovery" is an Illusion
This notion of economic "recovery" is an illusion. We have to look at the what is happening with the physical economy and long-term trends (25-50 year periods) to really get a handle on economic conditions.
I enjoy reading this blog. If I may make a shameless plug for one of my own blogs, may I suggest a series of (so far 3, but more are coming) posts I have made under the title "While You Were Sleeping," in American Journal ? They are long and detailed, to be sure, but with patience I think that readers can get a good grasp on what is happening to the economy.
posted by
writersjourney
on January 15, 2005 at 3:41 PM
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sarooster's right - one day is worthless is monitoring the stock market. And if you want to see recovery, look at how it's regained most or all or its strength since the Clnton/September 11th-induced recession. Post-September 11th was the lead ballon. (By the way, the Clinton-era "boom" was a balloon as well, all hot air and no substance, as witnessed by then failure of so many dot-coms that were the hallmark of that "boom.")
posted by
WriterofLight
on January 14, 2005 at 6:22 PM
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WHAT ARE THE EXPERTS SAYING?
News says everybody's looking to these first few days of the year as an indicator -- and the market has dropped like a lead balloon.
We haven't been above 10,700 for most of Bush's term.
Unemployment rose unexpectedly this week --
Many of Bush's boosters say the economy is improving.
They give stats.
Then the stats, such as these, say differently.
posted by
Xeno-x
on January 14, 2005 at 7:07 AM
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This is a snapshot of one day in the stock market.
How can one day be an indicator of what is going on. By the way, if your stock potfolio looked like mine, yesterday would have been a good day!
posted by
sarooster
on January 14, 2005 at 5:00 AM
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Invest in land...I got 200% on my investment! You can't go wrong.
posted by
Ariala
on January 13, 2005 at 1:50 PM
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