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Can you explain why or how either of those reports are misleading or inaccurate? Keep in mind, I’m looking at trends, not precise numbers.
Neither have I used government numbers for unemployment or inflation, but similarly, their value doesn’t lay in individual numbers, but in trends. And the unemployment rate is flat to falling, and inflation outside of housing is virtually non-existent.
The article implies we are at near crisis levels. Something horrible could happen if all of a sudden all these delinquent loans hit the market as foreclosures. But the risks of that happening have clearly fallen over the last 4 years, and most all indicators of future economic conditions would lead to a conclusion of future diminishing risks. The economy is always at risk created by black swan events. But excepting events like that, what substantiation exists for calling out this particular potential crisis now? Is there an agenda in doing so?[/quote]
Statistics are manipulated which create the data needed to determine the ‘trends’ that you refer to.
I’m just as concerned with the precise numbers because people believe them as they are released.
I disagree that future economic risk has been diminished. I think that the risk is greater than ever.
1.The foreclosure COMPARISONS that are reported are a complete joke yet are used and analyzed by virtually everyone EXCEPT the people who really understand what is going on. It’s easy to fool everyone when fools are in charge.
The entire process of selectively manipulating the process creates completely useless comparisons.
COMPLETELY MEANINGLESS. When’experts’ repeat this blather, it becomes even clearer to me how clueless these ‘experts’ are.
2.Unemployment reports are another joke. the current U-6 is 14.3% far worse than the sub 8%
that the govt & media repeat like it was gospel.
Maybe black swan events aren’t really black swan.
The govt interference & manipulation to keep a ‘black swan’ from becoming a recurring event is VERY real.
The ‘potential crisis’ is not just being called out now, it’s been talked about for the last 8+ years by a tiny minority who just may realize the risks that 99.9% of others refuse to acknowledge, even if it is a remote risk.
For many, many people, their personal situation is far worse than it was at the end of 2008; yet according to the ‘trends’ that you are accepting one would believe that the horizon is rosy and ‘we’ have turned a corner.
I’m extremely skeptical of the reports and trends that are released when I know of many individual situations that are diametrical. I disagree that risks have clearly fallen over the last 4 years. For many people, it has never been worse, and about 10 million people have died in this period so their situations are no longer considered.
With any reports that get released using manipulated statistics, it’s garbage in and garbage out.
It’s always possible to view stats and trends with an alternate perspective if one wants to, rather than just blindly accept what ever gets released, reported and repeated without really understanding the content and how data was compiled.
