Numbers and Preposterous Lies From the Federal Government - But I Repeat Myself . . .

In a brief but interesting article entitled, "US Department Of Truth Goes Full Retard After ISM Employment Index Prints At Highest Since 1973," Zero Hedge observes that the federal government actually wants those of us who follow the employment numbers to believe that everything is great. Indeed their Employment Index just printed at 64.5, the highest since 1973, ignoring the fact that real unemployment rate is somewhere above 17% when you ignore fantasies such as when someone's unemployment insurance runs out that they are no longer looking for a job. Really? What are they doing then? According to the federal government, nothing, because they don't exist anymore.

Reality is there is no reality upon which we can judge the employment picture, or the economy for that matter. Just as the employment numbers are insults to intelligence, the financial numbers are cut from whole cloth as are the "balancing the budget" numbers, projections of future growth (which have proven to be a bad, bad joke), and, of course, the inflation statistics which tell us that in spite of $3.50 gas and groceries that are up 30% or more, there is no inflation -- none.

So, neither I nor anyone else should really comment on "the numbers," because there are no numbers, none that are real anyway. So, I'll stop here. Right here.

The article mentioned above can be found at: http://www.zerohedge.com/article/us-department-truth-goes-full-retard-after-ism-employment-index-prints-highest-1973