(Thanks again to Gordon and the Conglomerate for allowing me to join your community for a few weeks.)
It has been very difficult in the past few weeks to decipher the meaning and relevance of conflicting indicators about the state of economic "recovery." Is rising unemployment a sign that things are bad and will be for a while or is that a lagging indicator? Should we, instead, be looking at certain positive profit reports or rising retail sales?
It's no wonder Wall Street has not reacted to any of this news in the last few days. Just today, I read two very different viewpoints about the economy. One declaring that the recession is over, and the other, that it's actually worse than we thought it was.
I wonder if it's just partisanship that explains the difference or if we are all trying to see what we want to see in the data.
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1. Posted by Jake on July 14, 2009 @ 19:51 | Permalink
Anyone remember stagflation?
If you don't, there's nothing to worry about. Thanks to the Obama Gang, ample opportunity to grow (re)acquainted with the phenomenon is swiftly making its way to our doorsteps.
2. Posted by Rebecca on July 17, 2009 @ 15:07 | Permalink
Exactly.
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