March 9th, 2006

ronin

[MeFi] The economy still sucks profoundly.

And hopefully you'll not be surprised to hear that the government is cooking the books to make things look better:

I have been aware of nearly all the statistical tricks used by the government since they were implemented. Nonetheless, seeing them collectively described in one article is incredibly sobering. Having said that, there is a bit more "black helicopter" insinuation and fewer data points than I would like to see in an article such as this. However, the main points are the math that most folks need to know, but likely do not.

Once you read it, think about it and understand it, you will see why so many thoughtful people -- like Jim Grant, Warren Buffett, Marc Faber, Bill Gross, Fred Hickey and Paul Volcker -- have grave concerns about the future of the dollar (due to the macro imbalances that exist today).


http://moneycentral.msn.com/content/P146055.asp?Rating=10&PageID=146055#Rati