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These numbers must be fudged! There are other things at play. Too many other factors. Sale numbers are manipulated by the gov't like the job numbers right before the Nov election. Those mainstream polls were skewed and bias. Fox news and Rove has Mitten winning by a landslide.
Follow the BDI (Baltic Dry Index) and port traffic for raw numbers that can't be fudged.
And 3 years later still weak..QE Infinity guarantees $80 billion a month pumped into the system.
It's not "weak", it's anemic and being propped up by the Fed for 3.5 years now.
Call it what you want. The fact is, it IS a recovery. The fact that we have tons more overseas competition today than we've ever had during past recoveries has a HUGE impact - that's just a fact of life. In days past the 3rd World countries were relatively backward and didn't compete with us. Today that's not the case - the rest of the world is in the process of modernizing and consequently they are serious competition for us in regards to manufacturing so it makes a recovery harder and longer. NOTHING will change that. It's just the way it is. It's a new world - that's just a fact and there's not much we can do to change that. It doesn't mean we're not recovering.
So the BDI dropped.
So what? It bounces around. It was lower than is today back in mid-Sept and again back in early-Feb. It goes down then comes back up. That's it's nature - it's a volatile index.
So what?
Call it what you want. The fact is, it IS a recovery. The fact that we have tons more overseas competition today than we've ever had during past recoveries has a HUGE impact - that's just a fact of life. In days past the 3rd World countries were relatively backward and didn't compete with us. Today that's not the case - the rest of the world is in the process of modernizing and consequently they are serious competition for us in regards to manufacturing so it makes a recovery harder and longer. NOTHING will change that. It's just the way it is. It's a new world - that's just a fact and there's not much we can do to change that. It doesn't mean we're not recovering.
Ken
You personally can state all the "facts" you want. Not everyone in America is doing well in spite of the government and retail reports. There's just a lot more to it than monthly government reports and much of it is localized.
I just don't jump up and down each month nor do I doom and gloom about it.
I have no fantasy ideas that we're going back to the bubble days but many do.
I've adjusted and adapted. This is not like the inflation/recession days of past. This one is different and "recovery" will be different as well.
And FWIW I never said we didn't recover. It really depends on your ideas of what a recovery is.
I think the Fed prevented another Great Depression with the bailouts.
And I also think the Fed needs to adjust to this new world as well in terms of spending and taxing.
We're not rolling in dough anymore.
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