Statistics can make Any of Us Liars
The Institute for Supply Management, a trade group of purchasing executives, said its index grew last month....LOL...compared to the last recession/depression data months. Its like saying the dead yellow plants were more plentiful during the Great Depression's dust bowl.
Let's compare today's manufacturing activity to say, 2006....its horrifying today then. One of the charts show cargo in trains up 5% in 2006, instead of like -20% lately. The URL proof:
http://www.docstoc.com/docs/15898703/Rail-Time-Indicators-November-2009
Most of main stream media ignores the hoards of new desparate Americans looking for work at HomeDepot, but will point at horrifying statistical trends as encouraging.....ohhh, stocks are up today and the twisted logic manufacturing index improvement [????] is given the credit, LOL.
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