[mattduke]

He's scared. Watch the video.

washingtonpost

[killJOY]

I sent that link to many friends.

If they were constipated, they aren't now.

[DantesPeak]

Though still forecasting "modest but positive growth," he cautioned that "you're going to still see a weak labor market, so, um, yeah, so it's not, I don't expect to come out next month and, uh, you know, and have great news on the labor market, either."

Six months of declining employment during a period when we are told the GDP is positive.

So it doesn't take a PhD to see where employment is headed when the economy goes into a more serious downturn - a downturn that will gain in momemtum in the thrid quarter.

[catbox]

Thanks for posting!

No real answers (what can ya say anyway) from one nervous fella!
This was like a scene from a movie....
Wouldn't wanna be him!

I loved the comment...."it's about time to hide the valuables under the mattress and grab a shotgun" No answer for that one!


catbox

[TWilliam]

I sent that link to many friends.

Did you remember to preface it with the statement, "Time to start paying attention now"?

[pedalling_faster]

i enjoyed watching that. it was funny

i can't wait till one of them "pops" and says, "oh, f*ck it, i'm just going to tell the truth."

[Fiddlerdave]

Now, THAT's nervous! I thought this thread was making a big deal out of some eye blinks...The guy is talking to himself a few times!

Sure the GDP is positive - if you assume 3.6% inflation. If you used the REAL inflation level by traditional measurements of 9-13% (and that's out of date with the recent month or two's increases), the growth rate is -5% or -6%. I wonder if any of them ever admit that to themselves or do they just pretend the funny cooked figures they spew are the truth?

[Nickel]

"Assistant Treasury Secretary For Economy Puts On Brave Face"

...isn't there an R in "Farce"?

[roccman]

What he really said was:

"Buy a gun, move away from the city."

Believe it.

Hey Tyler...too gloomy for ya? He did say they were, "looking at all options". So there is still hope.

Uh-huh...