Saturday, August 6, 2011

Does Obama's miniscule economic improvements constitute a Pyrrhic victory?

The so-called economic growth rate is less than the rate of inflation. The economy is still shrinking. But with the value of the money going down, prices are going up, so we use bigger numbers but we still have less. Inflation always makes the stock market look good. as prices go higher, the price of stocks go higher. It is not real growth. Some industries are doing well and a smart investor can get ahead. It doesn't mean the economy as a whole is actually improving.

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