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Undertoad · 03-31-2006, 06:59 AM

I took a look through historical data and rate of spending increases on investment versus personal consumption seems to have nothing to do with economic health. Like, zero correlation man.

And stating things in terms of rate of increase is almost always weasel economics. "Both investment and spending went up, but investment went up faster!" Well oh dear, man the fucking lifeboats. I'm sure if it were the other way around you'd say we're merely spending ourselves away.

Good economists don't cherry-pick from the numbers to create the narrative they like. The economy was bad two years ago and it's good today. Sorry, that's what it does, the inevitable business cycle and all.

03-31-2006, 06:59 AM	#2
Undertoad Radical Centrist Join Date: Jan 2001 Location: Cottage of Prussia Posts: 31,423	I took a look through historical data and rate of spending increases on investment versus personal consumption seems to have nothing to do with economic health. Like, zero correlation man. And stating things in terms of rate of increase is almost always weasel economics. "Both investment and spending went up, but investment went up faster!" Well oh dear, man the fucking lifeboats. I'm sure if it were the other way around you'd say we're merely spending ourselves away. Good economists don't cherry-pick from the numbers to create the narrative they like. The economy was bad two years ago and it's good today. Sorry, that's what it does, the inevitable business cycle and all.