Wednesday, January 20, 2016

Article 6 Review

David Stockman attacks the statistics that are given when dealing with the economic conditions in which we are living in today. He goes on and on about the level and amount of jobs that were given in December due to the seasonal timing. He then states that although there were certain factors that possibly increased the amount of employment, such as vacations and the production to increase due to the increase of consumption. But then he goes on to state that those reasons are not enough to actually bring about such a statistical 'jump', that much rather the data is falsified to make it seem that the United States's economy's well being is much better than what it actually is. That much rather a recession is to be faced due to such bizarre numbers that are implemented on such important statistics. He talks about how a recession is to be seen close towards the near future due to the bubbles and fake numbers. He states how the bubble is about to "burst" and how everyone will understand the reality of things.

No comments:

Post a Comment