Comments on: The Summer of LUV revisited http://blogs.reuters.com/macroscope/2009/11/09/the-summer-of-luv-revisited/ Shining a light on the dismal science Wed, 16 Nov 2016 01:39:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: The Bell http://blogs.reuters.com/macroscope/2009/11/09/the-summer-of-luv-revisited/comment-page-1/#comment-1355 Thu, 12 Nov 2009 23:46:57 +0000 http://blogs.reuters.com/macroscope/?p=2537#comment-1355 LUV? Cute little analogy, one can almost visualize it… but you know, when the curves of the financial sector have absolutely nothing in common with the well-being of the general populace, any way you look at it, it’s ugly.

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By: Mike http://blogs.reuters.com/macroscope/2009/11/09/the-summer-of-luv-revisited/comment-page-1/#comment-1350 Tue, 10 Nov 2009 21:25:42 +0000 http://blogs.reuters.com/macroscope/?p=2537#comment-1350 The discussion here revolves around a bankers’ view of the economy, but this is only one viewpoint. The real wealth and financial health of a nation lies in the value of what it produces, does it not?

With unemployment at 10.2, and with some observers estimating that another 10 percent of all job-holders are under-employed, it seems to me illusory and fundamentally superficial to measure the recovery in banking terms.

Aren’t the true figures of merit (by which we can rationally judge the degree of recession and recovery) measurements like the GDP and total jobs actually filled and fully functioning? In these respects, the “recovery” is still in the future, and the recession is still deepening.

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