Best economic growth in six years

I posted this in another thread but it applies here also mods. This is just an explanation of the way mathematical/economic doublespeak can be used to say pretty much anything they like and make it seem like it means something good but in actuality, it means nothing.

[atsimg]http://files.abovetopsecret.com/images/member/b8416353166a.jpg[/atsimg]

a being the rate of change at that point in time

b being the rate of change at another point in time

This picture indicates the tricks the MSM and economists have been pulling on us this year. They talk about the difference in rates of change (the rate at which something changes over time or the difference between the slopes of the line) instead of the change itself.

Like how they say "there is a decrease in unemployment rate" instead of saying "there is an increase in unemployment".

They are now saying the rate of GDP growth has gone up to 5.7%. Instead of saying that GDP increased 2.2%.

Include in that the inflationary rate of the money supply and I would put money on it that REAL GDP has gone down. REAL GDP being adjusted for inflationary dollars.

Just think of it this way, whatever they are trying to sell, they can word it in mathematical/economic doublespeak.

[edit on 1/29/2010 by endisnighe]

Another point which we must consider is that due to the economic downturn companies have been "tightening". Some businesses are going under, however, most are just cutting down to the minimum amount of people to run more efficiently. If/when the economy starts to get better companies will be able to hire people again and hopefully after going through hard times they will be better than ever.

Ideally, we should be able to recover and be stronger in the end. If companies remember how to run efficiently, they should be able to expand efficiently as well.

we call this roller-coaster economics...

if you pump enough money into the system, think of a train car on a roller-coaster being hoisted up the lift, and then let gravity handle the rest...

there will be camel humps, of growth, dramatic drops, dramatic gains, but lets not forget all that extra money flowing through our economy, and inflation that will devalue the dollar eventually. i don't know when, but it will. no fiat money has ever lasted more than a 100 years. we still have not hit inflation yet.

Hope for the best, prepare for the worst.

Over here in the UK the best thing that ever happened to our real economy was the banking crisis and the collapse of Sterling. Suddenly our manufacturing sector is seeing some sort of light and able to compete on a level playing field against importers thanks to the collapse of our currency. Thanks bankers!

reply to post by endisnighe


I wouldn't say that the media is misleading us at all with those figures. They don't need to say, "there has been an increase in unemployment"; people know that unemployment is increasing. However, when they give the rate at which unemployment is increasing, we know how fast unemployment has been increasing during that period of time. When we see the rate at which people are become unemployed get lower during several consecutive periods we know that things will bottom out soon (depending on how low the rate is).

It's pretty safe to assume that everyone knows that unemployment is increasing. Right now knowing how fast unemployment is increasing is key. That is the information which they are providing us. Most of the time they will even show charts showing that unemployment is increasing. They are not trying to trick anybody because that would mean their audience was... well pretty dumb.

[edit on 29-1-2010 by Styki]

reply to post by Styki

.....That is the information which they are providing us. Most of the time they will even show charts showing that unemployment is increasing. They are not trying to trick anybody because that would mean their audience was... well pretty dumb.

After following the Animal ID [NAIS] fight with the USDA vs Farmers for a couple of years, I do not trust the US government AT ALL. And yes they do think we are that dumb. Someone manged to get their hands on a USDA instruction manual "The USDA's confidential “NAIS How-To Handbook,” on p.41 says “Messages [for farmers]…are designed for an audience reading at the sixth grade level."

The really amusing part is when the USDA held meetings this year and tried to use the "delphi technique" and got tromped by well informed farmers instead. Isn't the internet wonderful