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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: SeaViewer who wrote (53611)	6/9/2000 8:42:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

indeed. one would have thought that they might go for something less obvious to dress up the report. like turnip prices falling by 50% or something along those lines. in the last PPI report there was an outsized decrease in cotton prices that became a major contributor to the tame reading. of course, cotton had conveniently reached a reaction low right on the day the sample was taken. one also has to wonder, why (when it was obviously already evident that energy prices were rising sharply) was the sample date pulled forward to May 9, instead of the normal May 13 date? after all, in April, when prices were correcting right into the sample date, it was not deemed necessary to play around with the date. it is infuriatingly obvious that everything was done to make the number look better than it really is. but economic statistics should not be used for the pursuit of political agendas - after all this is not the Soviet Union, right? by issuing fantasy data the government keeps an illusion alive that leads to all sorts of economic decision makers not having a rational basis for their decisions anymore. i was amazed to hear the completely uncritical commentary by various 'chief economists' and other analytical types on TV...no-one even seemed to think about questioning this nonsense. they're all well-trained to swallow the hype hook line and sinker it seems. one wonders what happened to independent thought.