OnPrincipleBlog

There is much economic doom and gloom being broadcast and re-broadcast and re-broadcast and re-broadcast and. . . (you get the point).

It seems that every day brings new “wisdom” about how the US Economy is on the crux of a major collapse, how prices are rising faster than 80’s-90’s Argentina, how consumers must stop buying anything but absolute necessities – like milk and bread (oh, sorry, milk is too expensive now – so just buy bread) and how we are all going to lose any and all value from our homes – the quintessential cornerstone of the quixotic American dream.

Run for the hills, chicken little, the global financial sky is about to crumble upon our miserable, poor, recession sickened heads.

Look, as with so many other complex issues in this modern world, I don’t claim to know what tomorrow holds for the economy. There are just too many competing systems interacting in labyrinthine layers. But, since no one else seems to want to focus upon any of the positive indicators in this complex mix, I think I’ll stand in the gap and shine a small, small light upon the few contradictory indicators that while certain segments of the economy will certainly retract a bit after unprecedented growth, but this doesn’t exactly spell the new era of Mordor.

Looks like not ALL jobs are evaporating. . .

U.S. jobless claims tumble 24,000 last week

Does this sound like Stagflation?

Wal-Mart February same-store sales up 2.6 pct

On Principle,

CBass

This entry was posted on Tuesday, March 11th, 2008 at 10:43 am and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.