Reality-Based Engineering: 2007/06

Wednesday, June 13, 2007

Great quote from Bloomberg News

“The worst housing slump since the Great Depression.”

h/t to social bubble, who is following the housing market crash in general, and in SoCal in particulcar.

Wednesday, June 06, 2007

AP: WH Downgrades Economic Forecast

Sure, that's the basics and probably expected to happen, but based on what The Big Picture has already laid out for the Q1 2007 growth AND the unemployment rate divisor, the article is just silly with non facts.

Saturday, June 02, 2007

Another Good Explanation That Enemployment Rate Is Bogus Number

The Big Picture is quickly becoming my fav economics blog. As I've always stated that the unemployment rate is completely bogus, since the denominator is a melange of stats regarding those that WANT to look for jobs + those employed.

Since the labor pool has shrunk, the percentage of course has gone down.

Labels: economy, macroeconomics, media, RBE, The Big Picture, unemployment

Friday, June 01, 2007

New Economic Blog Comes To My Attention

The Big Picture, by an anonymous high-level exec somewhere in NYC, looks like a great read - lots of actual facts about the macro-economic landscape, analyzed by someone that does this all the time, with lots of detail and data to review...just look at the reviews on the 2007 Q1 revised GDP growth post (we flatlined with only a 0.1% growth) and the stuff on the front page regarding the housing market (we're still finding bottom, and the data shows that we're on a strong downhill slump)...and, lest you think this guy is a mega-lib, please look through some more and see that Kudrow is all over the blog - not a guy that is know to be a lib :)

Labels: blog, economy, macroeconomics