{"id":6368,"date":"2015-03-10T06:01:48","date_gmt":"2015-03-10T11:01:48","guid":{"rendered":"http:\/\/olduvai.ca\/?p=6368"},"modified":"2015-03-10T06:01:48","modified_gmt":"2015-03-10T11:01:48","slug":"truthinesslessness","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=6368","title":{"rendered":"truthinesslessness"},"content":{"rendered":"<h3 class=\"title\"><a title=\"truthinesslessness\" href=\"http:\/\/kunstler.com\/clusterfuck-nation\/truthinesslessness\/\" rel=\"bookmark\">truthinesslessness<\/a><\/h3>\n<p><span class=\"dropcap\">N<\/span>othing is stable, nothing is straightforward, everything is fixed, and nothing is fixed. O nation of busboys and WalMart greeters, awake and sing!<\/p>\n<p>Can an empire founder on sheer credulousness? After last Friday\u2019s jobs report, I think so. For a culture that luxuriates in statistical analysis (and the false idea that if you measure enough things, you can control them), it is rather amazing that we absolutely don\u2019t care whether the measurements are truthful or not. Hence, an economist (sic) such as Paul Krugman of\u00a0<em>The New York Times<\/em>\u00a0might ask himself how it is that Zero Interest Rate Policy only trickles down to places where hamburgers are sold. PK was at it again in his Monday column, yammering about \u201crapid job growth,\u201d \u201cpartying like it was 1995.\u201d Wise men like him are pounding this country down a rat hole faster than you can say Romulus Augustulus.<\/p>\n<p>Apparently the US Bureau of Labor Statistics missed the job bloodbath in the oil industry, especially over in Frackville where the latest western phenomenon is the ghost man-camp (along with ghost pole dancing parlors). It\u2019s a veritable hemorrhagic fever of job layoff announcements: 9,000 here, 7,000, there, thousands of thousands everywhere \u2014 Halliburton, Schlumberger, Baker Hughes \u2014 like an Ebola ward in the oil services sector. Not to mention the cliff-drop of capital expenditure, meaning even steeper job losses ahead, Casey Jones. But nobody notices, I guess because they\u2019re out at Ruby Tuesdays eating things bigger than their heads. Are the portions getting smaller, or are their heads shrinking?<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>truthinesslessness Nothing is stable, nothing is straightforward, everything is fixed, and nothing is fixed. O nation of busboys and WalMart greeters, awake and sing! Can an empire founder on sheer credulousness? After last Friday\u2019s jobs report, I think so. For a culture that luxuriates in statistical analysis (and the false idea that if you measure [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[926,260,449,614,655,1056,2084,4057],"class_list":["post-6368","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bls","tag-employment","tag-james-howard-kunstler","tag-paul-krugman","tag-propaganda","tag-statistical-manipulation","tag-statistics","tag-us-bureau-of-labor-statistics"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6368"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6368\/revisions"}],"predecessor-version":[{"id":6369,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6368\/revisions\/6369"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}