|
Post by unlawflcombatnt on Oct 1, 2010 17:47:04 GMT -6
I thought I'd put this in the Corporate malfeasance area, since that's how I'd categorize the deliberate deception of the public by the Corporate media, and their fans in the Federal Government. Auto Sales were widely reported to have increased over last month and last year, and--according to media chatter--there is a new resurgence following the drop of occurring after cash-for-clunkers ended. Actually, the 12 million annualized auto sales numbers is at a level that has changed relatively little over the last year, and is still far below the 16 million level it was 2 years ago. In fact, there's been nothing but a minuscule resurgence in auto sales in the long run. This can be seen from the chart here. When you change the chart to either 3 years or 5 years, it becomes apparent how minuscule recent gains are, compared to the tremendous long-term decline--and persistent decline.
|
|
|
Post by unlawflcombatnt on Oct 5, 2010 2:29:18 GMT -6
Not surprisingly, Bloomberg has since removed their adjustable chart--the one where a 3-year comparison could be shown. (Since I wasn't at home at the time I posted, I couldn't make a graphic copy of the chart and upload it later.) Here's the best I can come up with for the time being:
|
|
|
Post by jeffolie on Oct 5, 2010 10:35:34 GMT -6
I get a paranoid feeling that all the media outlets are doing their part prior to the November elections to portray a big happy face as best as possible. The financial media is doing its part with any and every comparison of data to make the economy spin just a little bit better now that MAIL IN VOTING HAS BEGUN. Mail in voting now is a large fraction of the total vote.
|
|
|
Post by unlawflcombatnt on Oct 11, 2010 1:07:49 GMT -6
I get a paranoid feeling that all the media outlets are doing their part prior to the November elections to portray a big happy face as best as possible. If that's paranoia, then I share in it. The mainstream media spins everything in the best possible light. CNBC is the worst of the worst. If there's any way to find a silver lining in a dark cloud, they'll find it. For example, if the most recent employment report is worse than expected (which it was), then CNBC's silver lining is that the Fed is more likely to pursue QE 2--which amounts to nothing more than giving more money to rich financiers--and putting taxpayers on the hook for it. So here a clearly "bad" sign for the economy is twisted into a positive.
|
|