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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: jimmg who wrote (62298)	1/19/2007 11:59:20 AM
From: mishedlo	Read Replies (3) \| Respond to of 116555

The economy is very strong right now. Not by house prices, foreclosures, or bankruptcies, or even jobs. That last jobs report would have been a bad jobs report under clinton. Besides I do not believe it. Even if one does believe it, it was barely over the birth rates and immigration rate. GDP has fallen from 5% to 2% while credit has soared. Is that a sign of strength? Heck the GDP alone says the economy is far from strong. There is IMO no realistic way to look at things and conclude the economy is strong. Mish

To: jimmg who wrote (62298)	1/19/2007 8:47:13 PM
From: bart13	Respond to of 116555

"LIFO stats are a lagging indicator" historical cpi and retail sales aren't? Which has little to do with and didn't address my point. "That's quite the unusual view you have there that doing a more valid apples-to-apples comparison via the application of CPI is bogus." What's unusual is to downwardly adjust retail sales for price hikes in housing rents, tuition and medical costs, none of which are components of retail sales. Enjoy yourself with odd comparisons and not addressing the point yet again. Retail is not strong.