[Safire] The Polyanna Conspiracy
Adam L Beberg
beberg at mithral.com
Thu Oct 30 12:41:12 PST 2003
On Oct 30, 2003, at 8:59 AM, daniel grisinger wrote:
> don't know how long it's going to take to affect the jobless
> rate, though.
What makes you think they are related? Or at least what makes you think
they are still related in the positive direction?
If the economy was really growing at 7.2 and anyone _believed_ that,
interest rates would be over 10% by now, banks would be in full panic
mode. But nothing more then the normal rate wiggles happened today.
These numbers are usually so manipulated and "adjusted" that they don't
matter until you see real hard numbers coming out of corporations.
- Adam L. Beberg - beberg at mithral.com
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