[quote=outtamojo]”An exodus of discouraged workers from the job
market kept the U.S. unemployment rate from climbing above 10 percent
in December, economists said. Had the labor force not decreased by
661,000 last month, the jobless rate would have been 10.4 percent”
Go ahead and tweak how things are counted- has the real world changed one iota because you chose to count things differently?[/quote]
I know, right. Those irritating “doomsayers” that insist on counting things and accurate measurement are such a nuisance. What do they want, for the market to get upset? They just don’t understand the genius of “out of sight, out of mind”, the American motto
Hmmm, uh? Let’s think about that for a second, why don’t we?
Besides the lives of people put in “shadow” land. I guess, it’s all good? Data and statistics are only good as perception, right? A little massaging till happy ending is good for the soul. The old “head in sand” is a viable survival strategy for Ostriches, why not economic statistics as a measure of health as well. Besides, recent studies indicate that seeing high unemployment numbers is bad for digestion and affects peoples purchase decisions. Just like that pesky RE shadow inventory that may or may not exist. Maybe we should just stop counting things that we don’t like as a means of making them go away.
All we have to do is find a way to fake falling tax receipts and it’s smooth sailing.
Oh look, that virtual nostradamus Alan Gin is predicting puppies and ice cream for everybody! Hooray!
