Not one time in the last 50 years has this indicator dropped below 92 and the country not experienced a recession. But we all know Ben Bernanke and Obama have done away with recessions. Everyone knows that if you spend $1.4 trillion per year more than you bring in and print the money out of thin air to accomplish this feat, the economy can never go into recession. Trust these guys. When have they ever been wrong before? Keep telling yourself we’re not really in recession. I’m sure it will work.
card802 says:
Seven more days and it’s all over anyway, or not……
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14th December 2012 at 9:02 am
Hope@ZeroKelvin says:
I have actually ceased to care about the economic indices. They are all a complete load of SHITE.
I have made my preparations and highly suggest you do the same.
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14th December 2012 at 9:20 am
Thinker says:
Looks like they’re finally extending the “shaded area” on these charts to reflect that the current recession was longer-lived than most thought. They need to keep moving it to the right.
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14th December 2012 at 9:42 am
Mark says:
Might have worked under the old Capacity Utilization Model. When the Widget Factories left for China, even the Keynesians knew that would be hard pill to swollow. So they came up with a base axiom termed the TREND LINE.
You see that imaginary TREND LINE grows even in a recession. And when you print up enough money you not only catch this years increase in productivity but all the years you missed as well.
And by doing so, you accumulate enough real resources to pay for all the crap you borrowed money for in the intervening time.
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14th December 2012 at 10:31 am
TeresaE says:
When O took over, he needed to both appear to be “doing something” and “saving” us and used stimulus under the guise of “helping the middle class” to gift his union voters/contributors.
Since no actual, long term, organic, recovery can be created from graft and gifts to unions and other corporations, it was only a matter of time before these numbers started to “look bad.”
Now, O will be blessed with gutting another layer of the middle, PLUS open us up to another stimulus that can serve as cover to pay off his union and mega-corp buddies once again.
Isn’t that a lucky coincidence?
bwaaahaaaa.
We need an open thread about predictions for the end of the year (including the “end” next week) and one for 2013 too. Did we do such a thing last year? Am I jumping the gun Admin?
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14th December 2012 at 10:58 am
Stucky says:
I’m with HZK.
Herr StuchenNazi when he sees a financial graph;
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14th December 2012 at 11:49 am