Monday, July 18, 2016

Great Numbers, Curious Timing
John Rubino* explains how economic statistics can be massaged to look better than economy really is ..  something bad like Brexit happens, but then the economic numbers are shown to be looking great, even though the real economy is doing very poorly .. "To sum up, growth is great but…business inventories are spiking, freight shipments are at six-year lows and the most recent regional manufacturing report is as close to no-growth as is possible without actually not growing. Which set of figures should we trust? Time will tell, but human nature being what it is, our money is on the bad ones."
LINK HERE to the commentary

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