Unemployment & Inflation REAL NUMBERS
Mark Twain once said, "There are three kinds of lies - lies, damn lies, and statistics." zg
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MSN Contrarian Chronicles
The numbers behind the lies
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Economist John Williams says ‘real’ unemployment and inflation numbers -- figured the old-fashioned way -- may be two or three times what the government admits. Here’s why, and what it means for Social Security.
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By Bill Fleckenstein
Fun with numbers.
Corporate America likes to play that game, the better to boost stock prices. Folks might be surprised to learn that "Governmental" America also plays the game in its compilation of macroeconomic data. Beneath the surface are undesirable, sobering consequences for us all.
... continued here - http://moneycentral.msn.com/content/P146055.asp
Last edited by zengrifter; March 8th, 2006 at 04:09 AM.
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