Go Team Go
The cheerleaders were out in force today. Growth slowing and to slow further, but no recession in sight. How can anyone claim that growth of 1.2% to 0.7% is growth at all? Especially when we know the numbers are always revised upward AND in consumer based economies where the consumer is either unemployed, underemployed or afraid of losing their job.
The OECD says that growth will weaken in the US to just 0.7% the last two months of the year. That's the former Christmas holiday that retailers count on for their annual profits. If growth will slow, and consumers retrench further, then how can the economy not slide deeper into depression (forgetting the silly recession moniker as ridiculous in this non-normal business cycle).
Isn't it just absurd when the cheerleaders are all perky cheering when their team is down 60-3 in the fourth quarter with 3:54 on the game clock?
The OECD says that growth will weaken in the US to just 0.7% the last two months of the year. That's the former Christmas holiday that retailers count on for their annual profits. If growth will slow, and consumers retrench further, then how can the economy not slide deeper into depression (forgetting the silly recession moniker as ridiculous in this non-normal business cycle).
Isn't it just absurd when the cheerleaders are all perky cheering when their team is down 60-3 in the fourth quarter with 3:54 on the game clock?
posted by lugh lampfhota at 10:42 PM
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