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Notice how the good (and even "decent") economic news tends to be buried amidst the bad economic news and the stories of individuals who went from living high on the hog to unemployed, homeless and broke in this economy.
Maybe it's a blip, maybe it will be adjusted down in the future, but for now, at least it's something not horribly negative. Which means it's not "news" in this environment.
And speaking of today's news, just as I've been saying about "deflation" being a mirage (other than formerly falling oil prices): January's PPI came in very hot, even just looking at the "core" rate it was up 0.4%. That corroborates what I've been saying: except for (until recently) gas prices, there's been only one direction I've noticed for the prices of goods and services and it hasn't been down.
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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Hybrid Mode
