Cutting up news of the economy

Jon Rappoport's Blog

Cutting up news of the economy exposes the essence

by Jon Rappoport

January 30, 2014

Government and media periodically release reports about the state of the economy. It’s up, it’s sideways, it’s recovering, and so on.

Reading such reports is like reading background information on the weather. Lots of data, dubious value, and twisted truth.

For example, today the NY Times published a piece headlined, “Brisk 4th Quarter Lifts Hopes for Economy in 2014.”

I’ll give you an excerpt. Warning: reading it may put you to sleep, so pinch yourself, because the punch line comes later.

‘What’s encouraging is that consumer spending and business investment improved, showing healthier underlying growth in the economy,’ said Michelle Meyer, senior United States economist at Bank of America Merrill Lynch. ‘The fundamental story for 2014 is still positive.’

While the headline number was encouraging, the details of Thursday’s report neatly illustrate…

View original post 687 more words

This entry was posted in Alternate News. Bookmark the permalink.

Leave a Reply

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

You are commenting using your 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