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…
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