In the eyes of the beholder

Discussion in 'Economy' started by DamnYankee, Jun 9, 2009.

  1. DamnYankee
    Offline

    DamnYankee No Neg Policy

    Joined:
    Apr 2, 2009
    Messages:
    4,516
    Thanks Received:
    441
    Trophy Points:
    48
    Ratings:
    +441
    Which is more fucked up? The map or the eyes that are looking at it?

    AP map shows slower pace of decline in US economy
    AP June 8, 2009

    The recession's grip loosened slightly this spring as seasonal hiring picked up and helped offset rising bankruptcies and foreclosures, according to the Associated Press' monthly analysis of the economic pain in more than 3,100 U.S. counties.

    The latest results of the AP's Economic Stress Index show the free fall that marked the autumn of 2008 and winter of 2009 gave way in April to a more controlled descent, possibly even a bottom. Still, the analysis found that pain remains high compared with year-ago levels.

    The AP calculates a score from 1 to 100 based on each county's rate of unemployment, foreclosure and bankruptcy, with lower numbers indicating less economic pain. The average Stress score dipped to 9.7 in April, from 10.3 in March. In April 2008, the national average was 5.9.
    CBS News - Breaking News Headlines and Video from CBSNews.com

    Confidence in U.S. Economy Builds Even as Recovery Still Seems Distant

    By Neil Irwin
    Washington Post Staff Writer
    Tuesday, June 2, 2009



    Economists, senior government officials and ordinary consumers are all showing greater confidence in the outlook for the economy.

    But three months after signs of hope emerged, the evidence of improvement still exists only in the form of glimmers. A slew of recent economic data and other news, including yesterday's bankruptcy filing by General Motors, make clear that the nation is still muddling through a deep recession.

    "A few months ago, the U.S. was in the throes of the most severe recession since the 1930s," said Paul Ashworth, a senior economist at Capital Economics. "We've had some improvement, but . . . we're still nowhere near a meaningful recovery or even a slight recovery."
    washingtonpost.com
     
    Last edited: Jun 9, 2009
  2. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617
    Meaingful recover?

    The recover will be meaningful when tens of millions of unemployed and underemployed Americans go back to work.

    Everything else is bullshit.
     
  3. DamnYankee
    Offline

    DamnYankee No Neg Policy

    Joined:
    Apr 2, 2009
    Messages:
    4,516
    Thanks Received:
    441
    Trophy Points:
    48
    Ratings:
    +441

    Great. Didn't answer my question though.
     
  4. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617
    Obviously if I believe I get to choose what a recovery requires, I am telling you that recovery is in the eyes of the beholder.
     
  5. DamnYankee
    Offline

    DamnYankee No Neg Policy

    Joined:
    Apr 2, 2009
    Messages:
    4,516
    Thanks Received:
    441
    Trophy Points:
    48
    Ratings:
    +441
    Then obviously the eyes of the beholder are fucked up! It wasn't a trick question!
     
  6. neurosport
    Offline

    neurosport BANNED

    Joined:
    Mar 19, 2009
    Messages:
    794
    Thanks Received:
    39
    Trophy Points:
    0
    Location:
    Brooklyn, NY
    Ratings:
    +39
    if people don't get back to work i agree that means we haven't recovered regardless of Dow or other indicators.

    however

    if people DO get back to work that doesn't necessarily mean anything either.

    in fact !

    we CAN'T " recover " because we didn't have an economy to begin with.

    you can always just pay businesses to hire people back - that will work to restore employment - but will it constitute recovery ?
     
  7. DamnYankee
    Offline

    DamnYankee No Neg Policy

    Joined:
    Apr 2, 2009
    Messages:
    4,516
    Thanks Received:
    441
    Trophy Points:
    48
    Ratings:
    +441

    The bullshit here is people see and believe what they WANT to see and believe, and isn't it nice that the media is helpin' them out? Telling 'em what to see and believe? Kinda like an election, ain't it? Buncha damned fools.
     

Share This Page