[Armageddon]

We all know the government fudges their economic numbers to make it look like the economy is doing better that it is, but at what time will the real numbers be obvious ? In other words, when the recession / depression starts to happen, how will we know since they will keep fudging the numbers and propping up the markets with borrowed money ( ppt ) ? I am self employed in the construction industry in St.Louis, and I have noticed a pretty significant slow down, and so has everyone else in my field. The housing market has also really cooled.

[Bas]

Economics is not an exact science. Improvements in quality of products for instance is pretty much impossible to quantify.

Also the general public is regularly willing or unwilling misled by economic growth, and real economic growth (meaning growth corrected for inflation). Often real economic growth is called economic growth, but they are two diffrent concepts.

[rogerhb]

$this->bbcode_second_pass_quote('Bas', 'E')conomics is not an exact science.

[Zardoz]

$this->bbcode_second_pass_quote('armegeddon', '.')..at what time will the real numbers be obvious? In other words, when the recession / depression starts to happen, how will we know?...

[Novus]

$this->bbcode_second_pass_quote('Zardoz', '')$this->bbcode_second_pass_quote('armegeddon', '.')..at what time will the real numbers be obvious? In other words, when the recession / depression starts to happen, how will we know?...

[Bas]

$this->bbcode_second_pass_quote('rogerhb', '')$this->bbcode_second_pass_quote('Bas', 'E')conomics is not an exact science.