19 May 2007

Economic Classroom

Let see, the Wall Street journal, et al are thumping their chests at the direction of the economy; they say it is good and strong. That is probably true for those who read the Journal. I will offer my opinion and I realize that somewhere, someone will write a 4 page diaribe citing all the economic theroms, axioms, laws, do-dahs and yadas, to illustrate why the the economy is strong. To that I say, Bully! But to Joe Q. Public it will not appear the rosy picture they paint.

Since most reporting is done piecemeal so not to really effect markets, one must wait through an entire month of rosy predictions to get to the grits and the gravy. For instance there is about 4% unemployment--that is good news, but for those who have falling off the emplyment roles and those who have not found a job; the news is not so good.

here we go, WalMart, Target, etc sales are down, while Tiffany's, Bloomingdales, etc are up. If you closely at that, you will see where the poor shop is down, basic meaning they have NO money after necessities. While the spots the rich go shopping at are up, basic meaning they have more disposable income.

You may not agree with my analysis, your choice, but I suggest that you ask someone besides people who depend on the Markets for their employment, what life is really like. They will most likely say to a person, "poor get poorer and the rich get richer".




tumbleweed said...

I'm not much of a numbers cruncher but it's strange that they keep saying the ecomomy is so good, yet it's getting pretty damn hard to get by these days.

They say inflation is low too but I'm thinking these same people making that claim don't do any of the shopping at the local grocery store.

CHUQ said...

True that, Tumble...people are dropping off of emplyment rolls and are not counted. So if you do not count something then it will be a rosy scenario. Kinda like people that go to casinoes, you hear about their winning a $1000, but they never mention how much they lost to get that win.

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