Fox News guest: Hannity is ‘so upset that the economy is rebounding’

[Paul E Ester]

3. The stock market

is not the economy. It's a casino run by computers and is disconnected from financial indicators. The unemployment rate is a better indicator, but do you really believe less than one in 10 people of working age are unemployed? The reason the number is down is unemployment benefits ran out thousands for unemployed and the statistics took them out of the labor force as if they did not exist.

The job situation in America will not improve but will continue to deteriorate as more jobs are automated or outsourced.

There is no economic engine to drive the economy, ok maybe fracking and pipelines might do something.

We have a service economy where labor will be squeezed in an ongoing effort to eeek out profits from less.

Better indicators might be, are people still liquidating 401Ks to pay bills, are personal debt levels going up or down. Are americans paying more or less for goods and services. Is fuel taking up a greater or lessor chunk of the budget. Those type of numbers would be more useful than the two "economic" numbers cited in the article.

Greenspan's theory on underwear sales as an economic indicator was fairly straightforward.

"If you look at sales of male underpants it's just pretty much a flat line, it hardly ever changes," NPR's Robert Krulwich explained of the theory, after Greenspan's book "The Age Of Turbulence" was published. "But on those few occasions where it dips that means that men are so pinched that they are deciding not to replace underpants. And [Greenspan] said 'that is almost always a prescient, forward impression that here comes trouble.'"

http://www.huffingtonpost.com/2012/10/09/underwear-sales-growth-economy_n_1952214.html

You buying new underwear?