Fog over U.S. economy unlikely to lift soon

Posted by mminnick 11 years, 2 months ago to Business
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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.”
SOURCE URL: http://www.marketwatch.com/story/fog-over-us-economy-unlikely-to-lift-soon-2014-02-16?dist=countdown


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  • Posted by lostsierra 11 years, 2 months ago
    If 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.
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  • Posted by CircuitGuy 11 years, 2 months ago
    This feels like 1996 to me. From what I see the economy is doing great. The economy isn't really a thing. It's just millions of people finding people's needs and filling them in exchange for money. A lot of people are out here at the moment serving their customers, more than during a recession, so in my mind the "economy" is doing great.
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