Not Good for the President

Posted by: Tom Keene on July 20, 2011

See previous post for an extrapolation of the American unemployment rate. Extrapolation is time series speak for guesstimate or we-have-minimal-clue. In the case cited, I “extrapolated” the glide path of unemployment to a safety zone…just past Decision 2012. It is…

not good for the President.

There are other glide paths (royalty to Peter Orszag for each usage). Critically, we have socio-econometric time series that don’t “glide path.” This is a critical distinction. We/I blather daily, by the billable syllable about things we KNOW.

That’s the point. We don’t know and it is…

not good for the President.

Housing. Jobs. Gold. The Greece 2-year (40%!!!). Let’s run to an economic isolationist policy as we, and I mean the American We, are protected by oceans of distance. From Las Vegas housing, from Dubai gold, and from Berlin’s 40% 2-year Grecian note. What I know, and see, is it is…

not good for the President. Discuss.

Reader Comments

some guy who reads these things

July 26, 2011 9:49 AM

Um, What?

Is this a blog or the result of some program that spits out randomized phrases?

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EconoChat captures Tom Keene's thoughts on economics, finance and investment. He is editor-at-large for Bloomberg News and hosts Bloomberg Surveillance and Bloomberg on the Economy on NYC1130, Sirius 129 and XM 130 and Surveillance Midday on Bloomberg Television. His complete interviews are at Tom Keene on Demand. Look for Tom on twitter @tomkeene

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