Is the Economy really getting better or is that what sophisticated algorithms tell us? PDF Print E-mail

Per the Institute for Supply Management’s Index, a very reputable service, tells us that U.S. manufacturing order rose for 5th consecutive month from 53.6 to 55.9. This represents the highest level in over 3 years (April 2006).

The same report indicates employment rose over a point to 52, the 3rd month in a row, demonstrating 3 months consecutive employment growth following over a year of decline.

New manufacturing orders were also up 5.2 percent, indicating increased consumer confidence.

Hmmm, does it ‘feel’ like an Economic Recovery to you?

Big Ben

Here’s what I think: these are the same geniuses armed with ‘data’ and utilizing sophisticated algorithms which didn’t foresee the biggest market drop in 70 years…so we have a hard time believing them.

 

 

 

Oh wait, what’s that, you say they’re not ignorant and/or arrogant?

 

In which case they are AWARE of this; then let’s call it what it is, criminal.

 

About the Author
Kirk Abraham
serves as Principal, Engineering Automation Solutions Team at MR Indianapolis North. Kirk's blog covers all aspects of finding the right people and finding the right job.

 

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