Dependable Erection

Wednesday, February 06, 2008

Must be all that blogging

Worker productivity slows sharply



  • Well that's weird, NPR just said productivity went up.

    I think I know why.

    Those banks who made all those bad mortgage loans on purpose are all busier than, pardon the expression, a one-armed wall-paper hanger, trying to cover their greedy butts...

    There's your "productivity."

    By Blogger Tony, at 11:51 PM  

  • From following the changing stories over the day yesterday, i think what happened is that productivity in the 4th quarter went up, but at it's slowest pace in years, and far slower than in the 3rd quarter. Then someone noticed that the 3rd quarter figures got revised downward, making the fourth quarter numbers look better. Then someone else realized that the 4th quarter numbers were higher than the consensus forecast by the "experts."

    So suddenly, the spin went from "terrible numbers, we're heading into recession" to "could be better, but not to worry" faster than you could say "Bob's your uncle."

    What was it Mark Twain said about lies, damned lies, and statistics?

    By Blogger Barry Ragin, at 5:48 AM  

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