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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (39509)	6/13/2000 8:25:00 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 42523

>not on iota more credible than the latest PPI. one wonders why >they even bother to publish the data...it seems useless. For the last 30 years the answer has been "to screw those receiving government benefits".. For the last 5 years, there has been an additional reason- CNBC. The PPI and CPI and various other cooked statistics can now influence and help keep the stock market bubble alive. It doesnt matter that Greenspan himself has said the fed no longer even bothers reading the CPI/PPI because they are produced by an organization that simply does what the ruling political party tells them to. But CNBC keeps reporting them, and never once in the history of their show have they ever reported that the Fed publicly stated the numbers are bogus. CNBC is the whole reason the "beat lowered expectations" crap goes on too. Professional money managers paid no attention to that sort of crap because they knew how the game was played, but there are millions of suckers out there watching CNBC that still think a stock split instantly doubles the dollar amount of their holdings. All these statistics are for THEM.