Saturday, December 10, 2011

Income enjoys growth spurt

Income enjoys growth spurt: [via Sydney Morning Herald]

Incomes are rising, & therefore everything is rosy?

The economy is crumbling, none of our usual measures (GDP, GNP) are enough to prop up "trust in the system".

So here's a new barometer - if you can understand how it measures what it measures.

More "econometrics" baloney.
Ask those rising homeless & hungry in Sydney.