Friday, September 5, 2008

Will the real GDP please stand up?

I've been waiting and waiting for a good article to be written this week discussing the GDP numbers just released. I don't have an adjective to describe the absurdity of the propaganda put out to the masses. A 3.3% GROWTH in the second quarter? Really?

You turned on the television when the number was released and on every network you heard, "no recession," "the bottom is in," "king dollar!", oh no.

For a better understanding of this number comes commentary from an economist with some sense of reality:

http://www.financialsense.com/fsu/editorials/schiff/2008/0905.html
__________________________________________________

No comments:

Post a Comment