We continue to follow the Romer curve. It represents a classic example of the gross incompetence of the economics profession.
We show it below. Unemployment hits 9.9% and that is with the scrubbed DoL numbers.
As one looks at the above one is reminded of the great predictor and her charts showing what would happen. Now with the Greek disaster, with the Euro problem, with potential problems in the Chinese economy and with the continued machinations by Wall Street as evidenced by yesterday perhaps raw commodities in your back yard for trading would be a useful strategy!
Here is the Romer error data as if the above is not enough.
We show it below. Unemployment hits 9.9% and that is with the scrubbed DoL numbers.
As one looks at the above one is reminded of the great predictor and her charts showing what would happen. Now with the Greek disaster, with the Euro problem, with potential problems in the Chinese economy and with the continued machinations by Wall Street as evidenced by yesterday perhaps raw commodities in your back yard for trading would be a useful strategy!
Here is the Romer error data as if the above is not enough.
Would an apology be in order?
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