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

To: Moominoid who wrote (65620)	5/17/2007 7:07:31 PM
From: bart13	Read Replies (1) \| Respond to of 116555

The reasons why inflation isn't that high is that if it was then real GDP would be falling. That can't be true or we'd be seeing rising unemployment. Nominal GDP numbers can be double-checked relative to sales growth reported by firms. ... Is there anything wrong with the logic I presented? Yes. Real GDP is falling if you take the false CPI or false deflator into account. Unemployment is a lagging indicator. There is also a set of major issues with unemployment numbers and not only the U3 and U6 area, but also what Williams notes, plus the factors of illegals that aren't counted. Retail sales is not doing well.