The Recent “New High” In Stocks Is As Bogus As The Unemployment Rate

Saturday, January 25, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
01/25/2014

The most heavily touted statistical “proofs” that the U.S. economy is “recovering” and “growing” are the unemployment rate and the stock market. Both are completely bogus. Yes, bogus, as in phony, wrong, rigged, misleading, carefully crafted propaganda. Simply put, “new highs” in the stock market are statistical sleight-of-hand. By any practical, real-world measure, the SPX is worth significantly less adjusted dollars in 2014 compared to the real peak in 2000. Equally bogus is the unemployment rate, which has magically declined for years. You probably know this already, but it bears repeating: the unemployment rate is calculated by counting the labor force and those with a job of some sort–temporary, part-time, whatever.

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