Submitted by Tyler Durden on 04/24/2012 14:13 -0400
BLS
Bureau of Labor Statistics
Chris Martenson
CPI
Federal Tax
Guest Post
Purchasing Power
Reality
recovery
Unemployment
Submitted by Chris Martenson contributor Charles Hugh-Smith,
Modern investing offers the promise that investors who "do their homework" and use data more intelligently than the herd can gain a valuable edge. But what if the underlying data available to the investing public is fundamentally flawed?
The federal government agencies that issue headline data and the mainstream media that reprints the data without skeptical analysis would have us believe that these indicators -- the unemployment rate and the consumer price index (CPI), for example -- accurately reflect economic realities.
The other indicator that is implicitly or explicitly assumed to reflect the economy’s health is, of course, the stock market, generally represented by the S&P 500 index.
That the government indicators and the stock market are both suspect is now a given.
The chart below, one of many possible examples, proves this suspicion is well-founded. This is a chart of a broad measure of employment in the U.S. published by the U.S. Department of Labor, Bureau of Labor Statistics (BLS). As we can see, when 140 million people had jobs in 2009, the official unemployment rate was 7.3%.
Yet when 140 million people had jobs in early 2012, the unemployment
http://www.zerohedge.com/news/guest-post-what-data-can-we-trust
nope-1004
nope-1004's picture
This gov't has 2 purposes:
1) Convict those that don't play by the fake rules and refuse to continue the fraud, lies, and cooked bank stats through the MSM.
2) Invade, destroy, and occupy those countries that don't sell oil in USD.
The US has become a JOKE. Full of overweight, lazy, "professional" financial innovative cubicle workers, unproductive and illiterate, whose only means to "get ahead" is through credit. That is a supreme JOKE. There is no economy anymore.
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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