Wednesday, March 20, 2013
behind the numbers:
Retail sales: are higher retail sales the result of more expensive necessities: food, gas, heating, gas-based products, health costs, education related costs, car repairs etc?
or are they discretionary?
Employment: are very slightly lower unemployment claims the result of good paying jobs that can support a family,
or are they reflective of low paying part time work?
The stock Market: is the high dow and sp reflective of a strong economy?
or is it reflective of printed money given by the Fed to the banks who are then gambling in the risk markets?
The Vix: is a record low vix relective of a strong economy that is getting stronger by the day?
or is it reflective of massive complacency in the face of unsolved problems?
Housing: is an improving housing market reflective of a mending consumer balance sheets?
Or is it reflective of artificially negative rates guaranteed indefinitely causing new mis-allocations of capital?