U.S. Corpse – Economy Still Losing Jobs

Everyone can understand a line going straight down.
Corpses don’t “grow.”

The companion article, Old Lie Returns In New U.S. Jobs Report , provides a good explanation of the double speak.

Without having read the entire companion article, I don’t know if he discusses Hedonic Adjustments. I first heard of Hedonic Adjustments in 2004, I think it was.

The Hedonic Adjustment is like the math class where you pick a number out of thin air, to achieve the result that you desire. The Hedonic Adjustment is a variable that is selected based on the level of deceit that the government wishes to propagate, for any given report.

Jeff mentions the zero interest rate policy. It is known as ZIRP. If you were told 5 or 10 years ago, that low interest rates would not revive the housing in a bad market, would you have believed them? Hardly. But, that is what we have. Low interest rates, like we have, works to destroy capital and the economy. It is happening in real time…

The Labor Participation chart can be found on the Charts page, along with a number of other charts.  They will give you a better picture of reality, than any government or media report.

.

U.S. Corpse – Economy Still Losing Jobs

by Jeff Nielson
Wednesday, 06 March 2013
http://bullionbullscanada.com

.

Ignore the fantasy-numbers. Ignore the inane hype which accompanies them. There is only one Truth with respect to the U.S. labour market and employment. It is contained in the chart below, produced by the Federal Reserve itself.

.

Please click the link to see the complete article.
Advertisements

About ace5ace

60, roaming the Ozarks.
Gallery | This entry was posted in The Economy and tagged , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s