Surprisingly (to me at least) it’s been several weeks since we last looked at the nation’s recession. Maybe we were hoping that we would wake up and find it was all a bad, bad dream.
Basically, the time since Jan. 20, 2001 has been a bad, bad dream; our collective misfortune is that we’ve been experiencing it together. Okay, people, no more sushi from that place down the street!
But, about our recession. Did you catch the news that the unemployment numbers weren’t as desperately bad as predicted? These are the types of statistics examined by gimlet-eyed economists, whom I’m afraid function in much the same way (just different, more electrified tools) as witch doctors and soothsayers.
Consider the employment numbers as so much chicken entrails.