Stephanie
Diamond Member
- Jul 11, 2004
- 70,230
- 10,864
- 2,040
man oh man. the VIDEO of this is at the site
snip:
Zero Hedge calls this “148 seconds of awkward uncomfortable truthiness”:
Here are a few highlights they pointed out:
“There is no acceleration in underlying economic activity.”
“There’s this wrong concept that I keep on hearing about in the financial press about the acceleration in economic growth… It isn’t happening!”
“We had a horrible retail sales number, we had a horrible durable goods number, we’re likely to have a very disappointing retail sales number coming forward, this month we have a strong payroll number we say everything’s great – it’s not great….it’s been the same thing for the last five years, there’s no improvement in the economy!”
“After a string of dismal data on durable goods, retail spending, and inventories, we get a good jobs number and everyone saying the economy’s good – it’s not good!”
all of it with video at:
Read more: THERE IS NO IMPROVEMENT IN THE ECONOMY 8230 The Right Scoop -
snip:
Zero Hedge calls this “148 seconds of awkward uncomfortable truthiness”:
Here are a few highlights they pointed out:
“There is no acceleration in underlying economic activity.”
“There’s this wrong concept that I keep on hearing about in the financial press about the acceleration in economic growth… It isn’t happening!”
“We had a horrible retail sales number, we had a horrible durable goods number, we’re likely to have a very disappointing retail sales number coming forward, this month we have a strong payroll number we say everything’s great – it’s not great….it’s been the same thing for the last five years, there’s no improvement in the economy!”
“After a string of dismal data on durable goods, retail spending, and inventories, we get a good jobs number and everyone saying the economy’s good – it’s not good!”
all of it with video at:
Read more: THERE IS NO IMPROVEMENT IN THE ECONOMY 8230 The Right Scoop -