sethian1

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Bloomberg Consensus Estimates Show Flat GDP, Likelihood of Recession [view article]
Consensus? Since when is a blue string of pearls a consensus? Consensus: "An opinion or position reached by a group as a whole or by majority will." Those graphed opinions are all over the place and show the irrelevance of economists' predictions. Mar 13 12:52 PM
The Misleading Jobless Rate [view article]
What is entirely ignored in this brief article is the enormous number of young men (and now women) in prison, or in some part of the criminal justice process, as well as the great numbers of the urban underclass who are illiterate, uneducated (uneducable?), and engaged in criminal activities for their livelihood. It is estimated that illegal drugs sales are ~$65,000,000,000 annually. Can you imagine the number of street-corner peddlars, mules and processors that are involved in this enormous enterprise. Add to that the great number of people who are committing property crimes in order to live. And how about the millions of illegal aliens and their grown children, many of whom don't work, and the black rural poor who are forced out of the job market by illegals who will work for much less? Mar 06 10:19 AM

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