ABS, CBS, FOX, NBC - Examine the Evidence

We are already well into the mud slinging, positioning of a presidential election. We should listen to what the good ole boys at the local coffee shop are saying about the current state our economy.

The concrete contractor is down to only 2 crew member beside himself. The painting contractor has just filed chapter 11. Craigs list is filled with people selling computers dirt cheap. Wages for the blue collar worker is $1 to $3 lower than a year ago.

All we hear from NBC, CBS, ABC, FOX, and other news organizations low housing, and terrible storms. Otherwise they are painting as not so bad picture.

As the famous CSI, Gil Grissmon, says, "Examine the evidence". Look at is going on around you. The higher learning centers are reporting some interesting evidence. Take the look at the chart to the right from Fed Research. (Left click on the chart and examine the details.)