How Statistical Manipulations can make you feel good
invite response
2012 Feb 3, 4:21am 778 views 1 comment
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uomo_senza_nome
2012 Feb 4, 11:51pm
But more jobs last month were created and that is good.
That's the whole point. It's a nice feel-good factor, while the overall trend of secular deleveraging (and therefore chronic high unemployment) still remains intact.
Mixed signals is what we have. Cross currents if you will.
Not really, if you focus on the trends -- there are no mixed signals. Politicians would like you to think that there are mixed signals so that they can get re-elected. It's amazing how people can be convinced that things are A-OK with some misleading statistics.
We've done NOTHING to solve the problem of predatory banking class. MF Global being the most recent example.
Trust is constantly getting eroded.
The banks must be restrained, the financial system reformed and the balance should be restored back to the economy before we can have any sustainable recovery .
http://jessescrossroadscafe.blogspot.com/2012/02/non-farm-payrolls-report-air-brushing.html