Except that in an economy where everything is a lie, I don’t believe a word of it.
Consumers are apparently so confident Christmas shopping is down 11%? When gas has plunged 25%? So confident they continue to leave the stock market in droves as they cash out retirements to survive? So confident housing sales are remain low and are turning down? So confident in the job market that the participation rate continues to fall month after month, year after year, and hasn’t been this low since 1978? So confident that 1 in 5 Americans must have forgotten their situation is so fragile they’re on food stamps?
No, somehow I’m guessing that the government may–just may–be bending the numbers a teeny little bit.
It’s all about the narrative now: the narrative demands that interest rates rise, so some sort of facts needs to appear to justify what has already been decided. Is deciding your course ahead of time, regardless of or in defiance of the facts, considered insanity or stupidity?
In any case, the one thing it isn’t, is reality. There’s no need to comment on facts or on news that are so eggregiously, so transparently false. Next time, ask the ConCon board to call zip codes outside of K Street.
Sorry, the comment form is closed at this time.