Originally Posted by
Bucking Bar
As measured by GDP, we were technically out of a recession in June 2009
And there's one of the many bogus statistical problems that are masking realities we face. While we empower enlightened centralized experts to run us into the ground Keynesian style, we think we're on the right track because of a myopic focus on symptomatic indicators.
Unemployment? Hey let's not count those who've stopped looking.
Wait, what?
GDP? Hey let's count debt based spending as GDP!
Wait, what?
Targeted debt based stimulus and slush fund programs like the so called "auto-bailout" and the massive phony value assault on housing values continue to distort those long term market realities as well.
I know you know all this Bar. I just have to vent every once in a while.