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CPI Number Reported INTENTIONALLY INCORRECT?
The Market Ticker ^ | 2/20/10 | Karl Denninger

Posted on 02/20/2010 12:03:35 PM PST by FromLori

Remember the market's "cheering" of the "-0.1%" CPI-U reading (core) yesterday?

There's a problem - it was wrong.

Look at the highlighted numbers. Let's multiply them up.

(5.966 x 0) + (.769 x -2.1) + (25.206 x -0.1) + (.347 x 0.4) / 32.288 = -0.12%, or -0.1%.

But it was reported as -0.5% in the line directly above (inverted tone.)

Oops.

I didn't re-run the weightings for the entire series but a quick "eyeball" of the table shows that this should result in a CORE reading of 0.1% (positive), not the negative number reported.

Will the BLS admit to this error? Who the hell knows, but if you have a calculator, you can verify that yet another game to "boost" the market was run, with desire effect - a roughly 1/2% spike in the S&P 500 futures right on the BOGUS data release.

Since this table is undoubtedly computed (indeed, if I was to dump the raw data into EXCEL I could have a spreadsheet do this literally in a fraction of a second) it calls into question whether this was an accident or an intentional distortion of the data at the BLS.

It also leads to a few other questions, none of which are very comfortable to consider, but all of which, unfortunately and in light of this report, we must.

For example, is the BLS simply publishing whatever the government wants it to, and then making up the numbers inside the report to hit that target? Even a simple high-school cheat knows that you must "fix" the constituent numbers that go into a cheated result in order to not get (easily) caught; in a world where people don't add things with calculators but instead have computers sum up columns and do the math it is essentially impossible that this sort of "mistake" is an error.

Rather, it is virtually certain that this "reported" value was in fact intentionally false, and the persons doing so were too clumsy to "fix" the evidence behind it so that it would "add up."

We now officially live in a world where intentionally-incorrect data is published by our government for the specific intention of misleading the markets.


TOPICS: Government; News/Current Events
KEYWORDS: bls; cpi; denninger; ticker; unemployment

1 posted on 02/20/2010 12:03:36 PM PST by FromLori
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To: perchprism; LomanBill; JDoutrider; tired1; Maine Mariner; demsux; April Lexington; Marty62; ...

ping

Another you should check out

http://market-ticker.denninger.net/archives/1985-Citibank-No-More-DDA-Accounts.html


2 posted on 02/20/2010 12:05:20 PM PST by FromLori (FromLori)
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To: FromLori

Gee... Is this really a surprise? /sarc


3 posted on 02/20/2010 12:05:27 PM PST by pointsal ( try MagicJack if you have had enough of Verizon)
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To: FromLori

The numbers are fake from the get-go.


4 posted on 02/20/2010 12:06:09 PM PST by null and void (We are now in day 394 of our national holiday from reality. - 0bama really isn't one of US.)
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To: FromLori

The problem with these stupid tricks is that they are specifically designed to HIDE problems.

This is the kind of behavour that gets executives big time Prison sentences.


5 posted on 02/20/2010 12:06:57 PM PST by Marty62 (former Marty60)
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To: Marty62

>>This is the kind of behavour that gets executives
>>big time Prison sentences.

But that’s only when LEO isn’t being kept busy chasing terrorists and securing Afghan Opium fields.

When LEO’s away the executive mice they do play....


6 posted on 02/20/2010 12:10:50 PM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: holdonnow; HonestConservative; rodguy911; eeevil conservative; cleveland gop; Bahbah; kristinn; ...

ping


7 posted on 02/20/2010 12:11:10 PM PST by AliVeritas (Stolen from smoking frog at FR)
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To: Marty62

Yes now will we see perp walks from govt. officials? No it was all a mistake.

This is another article you might want to read

http://www.firstthings.com/onthesquare/2010/02/the-long-term-employment-bust


8 posted on 02/20/2010 12:13:15 PM PST by FromLori (FromLori)
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To: FromLori

9 posted on 02/20/2010 12:14:47 PM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: FromLori

3.Get the Real Numbers
Consider the following Real Numbers from Shadowstats.com which calculates the Real Numbers for the U.S.A. the way they were calculated in the 1980’s and 1990’s before Official Data Manipulation began in earnest.

Official Numbers vs. Real Numbers

Annual Consumer Price Inflation reported February 19, 2010

Official Numbers vs.

2.63%
Real Numbers
9.76% (annualized February Rate)

U.S. Unemployment reported February 5, 2010

Official Numbers vs.
9.7%
Real Numbers
21.2%

U.S. GDP Annual Growth/Decline reported January 29, 2010

Official Numbers vs.
0.10%
Real Numbers
-4.62%

As these Real Numbers show, the policies of the private for-profit Fed are resulting in a ‘Stealth Tax’ on, and Massive Wealth transfer from, Americans and Investors around the world to Mega-financial Entities. See “Surmounting the Cartels’ ‘End Game’ Juggernaut” (9/25/2009) and “Opportunities & Threats in Derivatives Shocker” (5/29/09) in the ‘Articles by Deepcaster’ cache at www.deepcaster.com.

http://www.marketoracle.co.uk/Article17365.html


10 posted on 02/20/2010 12:16:38 PM PST by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spirito Sancto.)
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To: FromLori

BOOK MARK


11 posted on 02/20/2010 12:22:07 PM PST by ElayneJ
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To: LomanBill

That bring a ? to mind.

Are our troops destroying the poppy fields.

It would be interesting to know if the Zero admin has some side deal with Karsai to not touch the poppy fields?


12 posted on 02/20/2010 12:23:17 PM PST by Marty62 (former Marty60)
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To: LomanBill

LMAO I think that was intentional when he did that.

Well now here’s some more info he won’t like getting out

The Shadow Inventory Of Troubled Mortgages Could Undo U.S. Housing Price Gains

http://www.standardandpoors.com/ratings/articles/en/us/?assetID=1245206147429


13 posted on 02/20/2010 12:26:40 PM PST by FromLori (FromLori)
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To: combat_boots

Thank you great information to have you can’t trust the mainstream news commies they print what they are told to print for the most part.


14 posted on 02/20/2010 12:32:42 PM PST by FromLori (FromLori)
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To: FromLori

I’ve learned two things in my life.

When a headline has a question mark in it, that means the answer is no.

When Karl Denninger says something, that means the opposite is true.


15 posted on 02/20/2010 12:42:53 PM PST by babble-on
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To: Marty62
>>Are our troops destroying the poppy fields.
 
U.S. MARINES PROTECT AFGHAN’S POPPY FIELDS
The Last Crusade ^ | July 7, 2009 | Paul L. Williams, Ph.D.

Posted on 07/07/2009 4:56:18 PM PDT by Psion

http://www.freerepublic.com/focus/bloggers/2287687/posts?page=31


16 posted on 02/20/2010 12:43:31 PM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: LomanBill

This makes me sick to my stomach.

While herion is being shipped to the U.S. to destroy our society.
Zero is PROTECTING the Herion cartels.

Clinton and Coke
Zero and Herion
a pattern?


17 posted on 02/20/2010 12:56:28 PM PST by Marty62 (former Marty60)
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To: combat_boots

insane numbers

can they be right?


18 posted on 02/20/2010 1:08:51 PM PST by sten
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To: Marty62
>>This makes me sick to my stomach.

>>While herion is being shipped to the U.S. to destroy our society.

The Appetite of Tyranny is never far removed from the Tyranny of the Appetite.

Marines ignore opium —  Taliban's cash crop

Marines fear locals would fight back if they destroyed the lucrative plants

updated 4:38 p.m. MT, Tues., May 6, 2008
 
Google Russell Trust Opium.
 
 
 

19 posted on 02/20/2010 1:19:07 PM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: sten

“Can they be right?”

Good question


20 posted on 02/20/2010 1:20:41 PM PST by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spirito Sancto.)
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To: FromLori
This game never ends. Make up number in bold print it in the DBM papers and then retract it three months later on page 53. They will do it as long as they can.
21 posted on 02/20/2010 1:23:14 PM PST by rodguy911 ( Sarah 2012!!! Home of the free because of the brave.)
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To: rodguy911

So true this has been going on for months and then some small column tucked deep inside comes out with the real numbers and most people never see them.


22 posted on 02/20/2010 1:26:14 PM PST by FromLori (FromLori)
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To: LomanBill

Thank You!

I am just speechless.


23 posted on 02/20/2010 1:46:53 PM PST by Marty62 (former Marty60)
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To: FromLori

Exactly it’s how the left lies and gets away with it over and over.


24 posted on 02/20/2010 4:14:04 PM PST by rodguy911 ( Sarah 2012!!! Home of the free because of the brave.)
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To: blam

FYI.


25 posted on 02/20/2010 7:27:08 PM PST by upchuck (The horse is in the pasture. The barn door is wide-open. Obama wants to know who made the hinges.)
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To: upchuck

Got it, thanks.


26 posted on 02/20/2010 11:39:01 PM PST by blam
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To: FromLori
>>LMAO I think that was intentional when he did that.
 
Yeah, right back at ya Benny...

LIVE! From Gilliben's/Jekyll Island... it's:

The Creature

27 posted on 02/21/2010 8:22:23 AM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: FromLori; blam

“10 Huge Flashing Danger Signs That The U.S. Economy Is Headed For Disaster”

thetruthwins.com ^ | Feb 17, 2010 | thetruthwins.com

http://www.freerepublic.com/focus/chat/2456357/posts?page=5

Lord, Have Mercy. There are no words.


28 posted on 02/21/2010 4:50:46 PM PST by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spirito Sancto.)
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