There has been an increasing trend among financial "experts," TV talking heads, and economists to blame the weather on our crappy economy.
I first began to notice this trend in 2011 after the Fukushima Daiichi nuclear disaster when then Federal Reserve Chairman Ben Bernanke, testifying before Congress, attributed part of our slow growth to that earthquake caused event.
But now this explanation is back in full force, and we are supposed to believe that snow is the reason for the bleeding (Reason for the season? Christmas? Snow? Get it lol).
And we are supposed to believe this in spite of the fact that where the weather was arguably the worst, the chilly Northeast, house sales performed the best in the country. The NE saw a 12.5% increase in February, which was awful weather wise, to March.
Meanwhile, the mid-West (-21.5%), the south (-14.4%), and the west (-16.7%), all received negative growth.
According to their line of reasoning, the rest of the states are need in some snow right now; and the ones that did get snow, they need more.
Tuesday, May 6, 2014
Like after Fukushima, after 2014 snowstorms financial "experts" are blaming the weather for bad economy
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