If you can still afford to do so, you should read the rest of the words in this Ritholtz post as well as those in his links... especially Kevin Phillips' article from the May Harper's "Numbers Racket: Why the Economy is Worse than We know" (PDF)
Friday, April 25, 2008
Unreality Based Economy
Systemic government lying about key economic data is hardly a new issue, but sometimes a graphic is worth a thousand words (1600 Euro-words EDIT: Or is that 1600 US words if you're reading in Europe? Math is hard!).
If you can still afford to do so, you should read the rest of the words in this Ritholtz post as well as those in his links... especially Kevin Phillips' article from the May Harper's "Numbers Racket: Why the Economy is Worse than We know" (PDF)
If you can still afford to do so, you should read the rest of the words in this Ritholtz post as well as those in his links... especially Kevin Phillips' article from the May Harper's "Numbers Racket: Why the Economy is Worse than We know" (PDF)
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