I'm afraid the whole thing is going to crash is what it's going to do.
All of these things they do like this are short-term, and won't last.
They know this I'm sure, but it is getting rediculous.
I can't even watch the economy talking-heads on tv anymore.
It's like a very, very, bad joke.
Economy: Fed Manipulating Statistics (again), page
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Topic started on 18-12-2006 @ 08:50 PM by unlawflcombatnt
Friday's Industrial Production "increase" of 0.2% is another example of the Federal Reserve manipulating statistics to make currently published
figures appear "good" or "improved." From the Fed's own publication of Industrial Production figures taken from 10/30/06, the "Gross Value of
Final Products and Nonindustrial Supplies" has been downwardly revised for every single time period shown. Every quarterly report has been
revised downward. August and September's numbers have been downwardly revised. Even the total for 2005 has been downwardly revised by $36 billion,
from the previously reported $2.990 trillion down to $2.954 trillion. (This would subtract approximately 0.1% from 2005's reported GDP.)
Even using only the current numbers, there has been a $15 billion net decline in Industrial Production since August. However, using the previously published number for August of $3.1301 trillion, there has been a decline of $64.4 billion to November's $3.0657 trillion. This is a decline in the annual rate of over 2% in 3 months.
(Below is a modified copy of both the Federal Reserves report from 12/15/06 on Industrial Production on the top with a copy of the Fed's report from 10-30-06 on the bottom. The changed numbers are underlined in red.)
(Friday's Fed Release can be found at Industrial Production)
Are these signs of an economy that is "strong, and getting stronger"? At best, much of this so-called "growth" has been a result of statistical manipulation, especially through the downward revision of previously published numbers.
unlawflcombatnt
Economic Populist Forum
EconomicPopulistCommentary
_________________
The economy needs balance between the "means of production" & "means of consumption."
Even using only the current numbers, there has been a $15 billion net decline in Industrial Production since August. However, using the previously published number for August of $3.1301 trillion, there has been a decline of $64.4 billion to November's $3.0657 trillion. This is a decline in the annual rate of over 2% in 3 months.
(Below is a modified copy of both the Federal Reserves report from 12/15/06 on Industrial Production on the top with a copy of the Fed's report from 10-30-06 on the bottom. The changed numbers are underlined in red.)
(Friday's Fed Release can be found at Industrial Production)
Are these signs of an economy that is "strong, and getting stronger"? At best, much of this so-called "growth" has been a result of statistical manipulation, especially through the downward revision of previously published numbers.
unlawflcombatnt
Economic Populist Forum
EconomicPopulistCommentary
_________________
The economy needs balance between the "means of production" & "means of consumption."
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