I view the vast majority of government released economic reports as nothing but
i) manufactured,
ii) cooked reports designed to generate whatever confidence governments need from their citizens
iii) to hide instabilities in the economy and
iv) to keep stock markets growing (aka. to serve the political agenda).
In the U.S., the reported numbers about inflation, housing starts,
and so forth are so distorted and distant from reality that they are virtually meaningless.
I've always said the same about the statements made by the most powerful Central Bank in the world, the U.S. Federal Reserve.
Yet at times, their Chairmen have been exceedingly honest in their comments, though the masses seem to ignore them.
By J.S Kim
Commodities
2007-10-19
The Dollar Crisis Will Soon Trigger a Global Investment Crisis(1)
Posted by cheahyeankit at 5:38:00 AM
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