Saturday, December 22, 2012

State of the Union - Zero Hedge: "75 economic numbers from 2012 that are almost too crazy to believe."

6 comments:

Padding Bear said...

How To Make a List Longer and More Overwhelming Than It Actually Is:
1. After citing a statistic, take the component elements that are part of the statistic and list each one separately.
2. Separately list the components that make up the larger statistics.
3. If a statistic is proportionately larger today than it once was, you can bet that its individual components are, too. Include 'em all.
4. Don't forget to break up big numbers into several smaller ones.
5. Large numbers can be broken up.
6. Break, list, large, numbers, yeah.
7. Where statistics are intertwined, un-intertwine them. They need to breathe free.
8. Overall total, per person, annual rate - you'd be surprised how many ways there are to position one number. Numbers are like diamonds, give them a spin and let them catch the light!
9. When in doubt, always add another related
10. number.

Eric said...

I guess it's a little like "spending cuts" assuming future costs for wars that won't be fought and entitlement cuts that will never happen.

Padding Bear said...

Did you know that (a) more Americans have little to no money saved; AND (b) more Americans have little to no money saved; AND (c) more Americans have little to no money saved; AND (d) poor people hold little to no wealth? Those are four separate items from the list of 75.

But there's more. (e) The unemployment rate has stayed higher; AND (f) a smaller percentage of people are employed; AND (g) the number of unemployed is a large number; AND (h) we’ve lost manufacturing jobs before; AND (i) we lose manufacturing jobs now; AND (j) fewer Americans hold manufacturing jobs; (k) fewer men have jobs than before; AND (l) fewer college graduates have jobs than before; AND (m) some people can't get work for months; AND (n) a lot of people are chronically unemployed; AND (o) a lot of existing jobs are bad jobs; AND (p) a lot of new jobs are bad jobs.

AND (q) it's harder for Americans to maintain a standard of living with fewer jobs that pay less; AND (r) fewer Americans are "middle class" than when they were making more money; AND (s) a lot of Americans are poorly paid; AND (t) Americans are more poorly paid now than before; AND (u) Americans making less money have less money to spend; AND (v) more Americans are low income now; AND (w) more American children are low income now, too; AND (x) more American children are low income in Detroit.

(On top of all this, you're not going to believe what's happened to who’s using public assistance programs... but that's a totally unrelated topic.)

What terrible luck, for each of those 24 things to have happened at around the same time.

Padding Bear said...

Apparently it's so rough out there, zerohedge.com can't even afford an editor.

Eric said...

Yeah, I got your point the first time.

Padding Bear said...

I know, but when I noticed that "no money saved"/"n money saved"/"no money saved" trifecta, it became too much fun to resist.