Fog over U.S. economy unlikely to lift soon
Opening paragraphs of MarketWatch article;
"WASHINGTON (MarketWatch) — Trying to figure out what the heck is going on in the economy right now is like driving in a fog. You can only see a few yards ahead before visibility ends.
The road being taken by the economy, of course, has not been concealed merely by a vapor mist. The nation has repeatedly been slammed over the past two months by major snow storms, cold fronts and even polar vortexes (whoever heard of that term before this year?)
Maybe the economy is doing all right, or perhaps it’s suffered another setback, but nobody really knows.
“The weather doesn’t just clog traffic, it clogs the economic data,” said Lawrence Creatura, portfolio manager at Federated Investors. “You just don’t know if this is indicative of what’s going on in the broader economy.”
"WASHINGTON (MarketWatch) — Trying to figure out what the heck is going on in the economy right now is like driving in a fog. You can only see a few yards ahead before visibility ends.
The road being taken by the economy, of course, has not been concealed merely by a vapor mist. The nation has repeatedly been slammed over the past two months by major snow storms, cold fronts and even polar vortexes (whoever heard of that term before this year?)
Maybe the economy is doing all right, or perhaps it’s suffered another setback, but nobody really knows.
“The weather doesn’t just clog traffic, it clogs the economic data,” said Lawrence Creatura, portfolio manager at Federated Investors. “You just don’t know if this is indicative of what’s going on in the broader economy.”
All Comments
- 1Posted by lostsierra 11 years, 2 months agoIf you calculate unemployment by the Reagan Admin method it is over 24%. See ShadowStats.com for details and how stats are fraudulent. In my area I have never seen so many empty stores. Worst in my life. The stores stay empty, too. It is a depression and has been for sometime. Printing press money flows into the stock market, creating a bubble of new highs. Beware of bankers bearing gifts.| Permalink
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- 1Posted by LetsShrug 11 years, 2 months ago in reply to this comment.Whew! We're saved!| Permalink
- 1Posted by $ rockymountainpirate 11 years, 2 months ago in reply to this comment.Hahaha. That will work.| Permalink
- 1Posted by LetsShrug 11 years, 2 months ago in reply to this comment.Perhaps we should pray.| Permalink
