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To: Giordano Bruno who wrote (60511)9/3/1999 4:42:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 86076
 
Jim, i am really beginning to wonder how the govt. manages to ALWAYS cook the numbers just right for the market...somehow every bit of anecdotal evidence plainly contradicts the govt. stats. an example is the shelter component of the CPI: according to the govt., rents were up 2,1% year-on-year. however, if you for instance swap a NY apartment you rented last year for a similar apartment, you pay approx. 30% more rent. so where the heck do they get their funny data? could it be that there is a conspiracy to keep the bubble going in order to help Gore win the next election? i'm not a big fan of conspiracy theories, but this constant barrage of scarcely believable govt. statistics slowly but surely makes me wonder. i do believe that the Fed has opted for 'bubble management', which consists of talking tough now and again while continuing to pump money into the system to keep the beast well fed. the bulls will no doubt accuse me of bearish paranoia (which i AM suffering from most likely), but do you think it is possible that some kind of conspiracy to keep the mania alive indeed exists?
btw, today's move in the NAZ would have been a 33% move as recently as 1990! goes to show how far the mania has carried us already...