Economy

Perspective on the Economy

For the last week or so, MSNBC has been comparing various financial numbers from prior to the Lehman collapse with various current financial numbers. Of course the whole thing is very misleading.

So here's some perspective.

While the Dow isn't the economy, it's a fairly solid indicator of confidence in the economy. And MSNBC is using the Dow as one of its indicators, but they're not showing the 2009 trend. Yes, the DJIA was higher a year ago (before Lehman) than it is right now, but the current trend is moving steadily up.

DJIA_since_92008.jpg

So far, I haven't heard the economy described in these terms on the "liberal" network.