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.