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.
ping
Another you should check out
http://market-ticker.denninger.net/archives/1985-Citibank-No-More-DDA-Accounts.html
Gee... Is this really a surprise? /sarc
The numbers are fake from the get-go.
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.
>>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....
ping
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
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
BOOK MARK
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?
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
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.
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.
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
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?
insane numbers
can they be right?
>>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
“Can they be right?”
Good question
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