The Paint-by-Numbers Economy
There are simple, orderly guidelines that all economies abide by. External factors like monetary, fiscal and tax policies, confidence, psychology and demographics interact with and affect economic activities. But -- and this is very important -- they can do little to change the order in which economic events occur.
For example, the nonsensical discussion of a "jobless recovery" comes up often in the financial media. Recoveries are jobless by definition. Expansion following a recovery is what produces jobs. And this is not just semantics. To make sense of economic reports, it is critically important to understand what the logical chain of economic events should be....607 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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