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Wednesday, February 17, 2010

Field Of Vision

http://www.huffingtonpost.com/bob-cesca/happy-anniversary-recover_b_466089.html

This all sounds wonderful- as long as you shrink your field of vision to exclude:

Federal Budget Deficit
U.S. Foreign Trade Deficit
U.S. Dollar Weakens As Foreign Reserve Currency
Global Commercial Real Estate Slump
Social Security Entitlements
Medicare Entitlements
Health Insurance Costs
State, County and Municipal Red Ink and Defaults
Underfunded Corporate Pensions
Underfunded Government Pensions
Consumer Debt
War Budgets
All The Trashed Derivatives And Corpse Loans Hidden From Balance Sheets Everywhere By Phony Accounting

When was the last time people used the DJIA and rigged employment and GDP numbers to declare that the economy was heading in the right direction?

I remember. It was during the housing bubble.

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