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Every major monthly US government economic report

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Every major monthly US government economic report

Unread postby Cliffhanger1983 » Sun 05 Nov 2017, 17:34:43

Every major monthly US government economic report– employment, GDP, inflation – is little more than a fraudulent propaganda tool used to distort reality for the dual purpose of supporting the political and monetary system – both of which are collapsing – and attempting to convince the public that the economy is in good shape. back... 8) 8)
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Re: Every major monthly US government economic report

Unread postby onlooker » Sun 05 Nov 2017, 17:52:24

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Re: Every major monthly US government economic report

Unread postby onlooker » Sun 05 Nov 2017, 17:59:46

P150613-1.png
P150613-1.png (25.13 KiB) Viewed 4074 times


notice the difference real and bogus for unemployment
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Re: Every major monthly US government economic report

Unread postby Cliffhanger1983 » Sun 05 Nov 2017, 18:54:05

onlooker wrote:
P150613-1.png


notice the difference real and bogus for unemployment



Yes..Someone on reddit a few months ago did this crazy calculation where they added up all the workers and people of working age, and then subtracted for the number of people in jail..And a few other things..I don't totally remember exactly..But their calculation came out to around 17% unemployment rate...And they said it was very close with shadowstats.
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Re: Every major monthly US government economic report

Unread postby Cliffhanger1983 » Sun 05 Nov 2017, 18:59:55

The other Night on the NBC nightly fake news..They said the unemployment rate came down...Then Lester Holt said "but this drop was due to the number of people who had 'Given Up" and were no longer being counted...LOL

"When things get serious, you got to lie"
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Re: Every major monthly US government economic report

Unread postby GHung » Sun 05 Nov 2017, 19:18:49

Cliffhanger1983 wrote:Every major monthly US government economic report– employment, GDP, inflation – is little more than a fraudulent propaganda tool used to distort reality for the dual purpose of supporting the political and monetary system – both of which are collapsing – and attempting to convince the public that the economy is in good shape. back... 8) 8)


And your point is?
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Re: Every major monthly US government economic report

Unread postby Cliffhanger1983 » Sun 05 Nov 2017, 19:26:22

GHung wrote:
Cliffhanger1983 wrote:Every major monthly US government economic report– employment, GDP, inflation – is little more than a fraudulent propaganda tool used to distort reality for the dual purpose of supporting the political and monetary system – both of which are collapsing – and attempting to convince the public that the economy is in good shape. back... 8) 8)


And your point is?



The Soviet Union did the same thing before they collapsed as well....
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Re: Every major monthly US government economic report

Unread postby Cog » Sun 05 Nov 2017, 22:19:39

LOL Shadowstats
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Re: Every major monthly US government economic report

Unread postby rockdoc123 » Sun 05 Nov 2017, 23:18:43

LOL Shadowstats


yes, you and pretty much every well-known economist in the world. But it's the go-to place for people who want to believe in bad things and a government lying to them which has created their terrible lives. :roll:
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Re: Every major monthly US government economic report

Unread postby Cliffhanger1983 » Sun 05 Nov 2017, 23:42:18

rockdoc123 wrote:
LOL Shadowstats


yes, you and pretty much every well-known economist in the world. But it's the go-to place for people who want to believe in bad things and a government lying to them which has created their terrible lives. :roll:



I never said Shadow Stats was accurate...I said the US economic data is inaccurate...Rockdoc what happened to your boy Rand Paul..He got the shit kicked out of him by his democratic neighbor..five broken ribs and punched in the mouth..HAHA! That is how you treat a right wing conspiracy lunatic like Rand Paul!
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Re: Every major monthly US government economic report

Unread postby dissident » Mon 06 Nov 2017, 00:02:52

rockdoc123 wrote:
LOL Shadowstats


yes, you and pretty much every well-known economist in the world. But it's the go-to place for people who want to believe in bad things and a government lying to them which has created their terrible lives. :roll:


I guess you must be a retired oil tycoon who does not need to know the price of his food since the servants take care of such little details. I see an over 7% inflation rate in food prices in central Canada. And this has been the case for years. Forget about living costs, the average house price in Toronto is now over $1 million. The same houses went for under $250,000 during the early 1990s. (Spare me the rent rate "equivalent" BS, rents have been going up too and single room, not bedroom, apartments are approaching $1000 per month). Yet I am told inflation is under 2%. Shadowstats is clearly showing legitimate inflation metrics where the government is supply utter fantasy fiction.

And it is funny how economists are now some sort of well respected gurus. The same clowns that claim we will make more copper (or any other element) when we deplete the resource. That is, clowns who believe that demand creates supply. Economists are the modern court astrologers. They serve to anoint the legitimacy of regime economics policy.
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Re: Every major monthly US government economic report

Unread postby Cliffhanger1983 » Mon 06 Nov 2017, 00:48:42

Mad Money Host Jim Cramer: Don't Be Silly on Bear Stearns!

https://www.youtube.com/watch?v=V9EbPxTm5_s
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Re: Every major monthly US government economic report

Unread postby Outcast_Searcher » Mon 06 Nov 2017, 01:38:22

dissident wrote:The same clowns that claim we will make more copper (or any other element) when we deplete the resource.

You're likely confused. Economists point out that for most things, including commodities, substitution is possible, at some price.

This holds for copper, at least in many applications. Aluminum for example. Silver for another.

Substitution is only possible to a certain extent, if the underlying properties are different. Aluminum, for example, had its problems re safety for ordinary housing wire. And silver is clearly a great conductor, BUT it is so expensive compared to copper that only an idiot would use it as a substitute under ordinary conditions, like ordinary housing wiring.

Claiming substitutes can be and are used is NOT the same as claiming more of an element can be "made".

Do you have multiple direct citations to back this claim, from mainstream respected economic sources like "The Economist" articles, or is this hyperbole to support theories of economic doom?
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: Every major monthly US government economic report

Unread postby Outcast_Searcher » Mon 06 Nov 2017, 01:44:54

dissident wrote: I see an over 7% inflation rate in food prices in central Canada. And this has been the case for years. Forget about living costs, the average house price in Toronto is now over $1 million. The same houses went for under $250,000 during the early 1990s.

Ah yes, the same logic people use to try to claim Consumer Reports data on cars is "bogus", because the two Chevy's THEY owned in recent decades had no problems.

Just because you notice a couple of prices escalated a lot does NOT mean, much less prove, inflation is much higher than reported. Electronics, a growing proportion of many goods, has steep deflation over time, just to cite one example of an offsetting factor.

You have to look at these things systematically. There are legitimate concerns about some of the adjustments and assumptions used to come up with inflation figures. (But at least the governments using those document and define them). Making those arguments is a whole lot more subtle than "Well, housing prices rose rapidly in various cities, so overall inflation must be wildly higher than government is claiming".

But let's pretend it's not, so we have something to rant and rave about, right?
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: Every major monthly US government economic report

Unread postby tita » Mon 06 Nov 2017, 07:21:14

Outcast_Searcher wrote:Just because you notice a couple of prices escalated a lot does NOT mean, much less prove, inflation is much higher than reported. Electronics, a growing proportion of many goods, has steep deflation over time, just to cite one example of an offsetting factor.

I remember the price of sugar when it was discounted 20 years ago, at 1$ (you watch this when you're a beekeeper)... And today, the discount price is 50 cents...

It's a fact that in a household budget, the share for the various spendings has changed. Food, appliances, travel cost less... while the rent, insurances, services cost more. We buy more electronic devices... But it was more expensive before, so we pay more or less the same.

Anyway, I don't think that the people who make those stats lie about their data. There has always been unemployed people not accounted because they were too long without employment... There is probably a stat about them.

Also, if your agenda is to bash the government, it's easy to produce graphics with false stats... Who control the data used by shadowstats?
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Re: Every major monthly US government economic report

Unread postby onlooker » Mon 06 Nov 2017, 07:42:44

cumulative_inflation.jpg
cumulative_inflation.jpg (149 KiB) Viewed 3743 times


I don't think Outcast you seriously are telling us inflation has NOT been a chronic problem for at least the last 50 years. Surely, we can all remember when an ice cream Sunday was 25 cents and now over $5 as 1 example. Here is a graph which proves my point.
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Re: Every major monthly US government economic report

Unread postby asg70 » Mon 06 Nov 2017, 09:07:45

Where would posters be here without the opiate of shadowstats and zerohedge?
ATTN: SHORT LOST A BET AND HE WON'T EVEN ADMIT HE MADE ONE. HIS POSTS HAVE NO CREDIBILITY AND HE SHOULD NOT BE WELCOME HERE
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Re: Every major monthly US government economic report

Unread postby marmico » Mon 06 Nov 2017, 11:15:23

Cliffie is Department Head, Statistics, Tin Foil College, USA. The two double digit IQ undergraduates who he mentors compile and analyze data in a $20 trillion economy. He knows the same as the ETP Bozo when it comes to a log chart. Nada.

ROTFLMFAO
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Re: Every major monthly US government economic report

Unread postby onlooker » Mon 06 Nov 2017, 11:25:48

marmico wrote:Cliffie is Department Head, Statistics, Tin Foil College, USA. The two double digit IQ undergraduates who he mentors compile and analyze data in a $20 trillion economy. He knows the same as the ETP Bozo when it comes to a log chart. Nada.

ROTFLMFAO

Says the august Mr. Marmico, who knows little about little :lol:
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Re: Every major monthly US government economic report

Unread postby rockdoc123 » Mon 06 Nov 2017, 11:31:41

Yet I am told inflation is under 2%. Shadowstats is clearly showing legitimate inflation metrics where the government is supply utter fantasy fiction.
 

Well I suppose you will seek out the answer you want but Nouriel Roubini does a decent job of pulling apart Shadowstats view on inflation and demonstrating how horribly wrong it is. Robini does point out there are problems with the CPI but they result in estimates which match reality far better than Shadowstats. As an example, he points to a basket of goods where he looks at 2015 prices and 1982 prices and then uses the CPI and Shadowstats estimates of inflation to project forward and back. The average underestimate of inflation from CPI was 9 percent while the overestimate from Shadowstats was 292 percent.

https://www.themaven.net/economonitor/emerging-markets/deconstructing-shadowstats-why-is-it-so-loved-by-its-followers-but-scorned-by-economists-DWhA0PwhhkOHkzTLLeCvpQ?full=1
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