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.”
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- 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.Mark as read | Best of... | Permalink|
- 1Posted by CircuitGuy 11 years, 2 months agoThis 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.Mark as read | Best of... | Permalink|
- 1Posted by ObjectiveAnalyst 11 years, 2 months agoIt is difficult to see clearly through watering eyes while the government has its foot on your throat...Mark as read | Best of... | Permalink|
- 1Posted by overmanwarrior 11 years, 2 months agoThe only fog clogging the economy is the one coming out of The White House.Mark as read | Best of... | Permalink|
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- 1Posted by LetsShrug 11 years, 2 months agoPerhaps we should pray.Mark as read | Parent | Best of... | Permalink|
- 1Posted by $ rockymountainpirate 11 years, 2 months agoHahaha. That will work.Mark as read | Parent | Best of... | Permalink|
- 1Posted by LetsShrug 11 years, 2 months agoWhew! We're saved!Mark as read | Parent | Best of... | Permalink|
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