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Strategies & Market Trends : Strictly: Drilling II

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To: pogbull who wrote (27679)2/7/2003 11:34:00 AM
From: Jim Willie CB  Read Replies (2) of 36161
 
as far as I am concerned, every econ report is distorted
intentional deception in order to maintain the stock price
that is, the share value of "USA Inc" which is USDollar

the USGovt reporting apparatus now acts no better than a shady Public Relations outfit
one which is above the law
both legal and statistical

in yesterday's Richebacher letter, he cites how in 1998-2001, the USGovt shifted software sales to capital expense, thus allowing a hedonic "quality" multiplier to act on it, sending productivity estimates way north
the resulting "adjusted" spending figures went up several dozen billion$
utter bullshit
which continues to be overlooked by the so-called stat rat experts

/ jim
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