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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.59

+2.2%

Dec 26 4:00 PM EST

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To: Rarebird who wrote (50081)	3/6/2000 9:32:00 AM
From: Crimson Ghost	Read Replies (1) of 116826

One of the hallmarks of the "new economy" is the politicalization of economic data. One reason the CPI numbers are so obviously bogus is that the CPI was revised several years under heavy pressure from the financial community. The mantra then was that the CPI was overstating inflation. The CPI may or may not have been overstating inflation then, but it sure is understating inflation now. But I do not notice any clamor from Wall Street to change the CPI again. An artificially depressed CPI screws social security recipients and many taxpayers, but who cares as long as Wall Street profits.

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