Thursday, August 13, 2009

Another Delayed Notification

I've commented a few times about the fact that the media reports on what "has" happened and rarely reports on what "might" happen in the future. I found it comical recently while reading the New York Times that they reported that virtually no jobs have been added on a rate of change basis in the private sector over the last 10-year period. They explain that the miniscule growth was related to government hiring. Now that the economy is "down the contraction road" they now report a metric that has had warning signs for 9 years and 364 days. Wouldn't it be helpful if a year ago they present these data and forecast that the trend might continue for another year? As Gerald Celente continues to state "why do we continue to listen to the same people that didn't warn us that this was coming?"

The article:

The chart:

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