Saturday, May 04, 2013

It's crazy

The stock market topping 15,000 yesterday makes no sense.  There are just too many people out of work for us to consider that the economy is strong.  Sure, a decline in the unemployment rate sounds good.  But the question is how is the rate calculated.  If you are unemployed, decide that you will not be able to find a job and give up looking, you no longer figure in the calculation.  If everybody stopped looking, the rate would be zero even though the economy is in the toilet.

Of course, our leaders are working hard to put people back to work.  Right?


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