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Friday, March 03, 2006

Oh, Gawd, Not MORE Mind-Numbing Economic Stuff!

Yes! More mind-numbing economic stuff! But it's short:

I've already warned about the government's discontinuation of M3 reporting, which will tend to conceal a particular kind of economic activity that both anticipates economic trouble (meaning most of us won't have as much advance notice as the insiders do) and can reveal who's doing semi-insider-trading that insulates them from slowdowns (meaning we won't catch the fat cats who DO see trouble coming and sell the rest of us short to insulate themselves from it).

Now the government also is eliminating the Census Bureau’s Survey of Income and Program Participation (SIPP), which provides meaningful long-term data on how real Americans, including poorer Americans, are actually doing -- i.e., a key measure of how Main Street and the Mean Streets are doing, rather than Wall Street.

But I'm just a Cassandra. Screw the regular people. It's not like they're allowed to vote anymore anyway.


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