Rest In Peace, Mark To Market §

Apr 02, 2009 23:01

Suppose you're a bank and you gave someone a $500,000 mortgage for a house ( Read more... )

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poetpaladin April 3 2009, 15:59:32 UTC
I agree. This just sickens me. I'm reminded of the Soviet Union and Communist China. Numbers and statistics are so easily manipulated.

Of course we're prosperous if we...

...Only measure CPI with substitution, hedonics, and other skewed and deranged methods that make inflation look like it's only 1/3rd of what it really is. (I'm so glad you're into Shadowstats.org like I am!)

...Only measure unemployment by the number of people out of work and actively looking for work. That way those people who have part-time jobs are considered employed even if they can't keep a roof over their heads. And those people who work retail but only get scheduled 4 hours per week or less will quit on their own rather than apply for unemployment. And of course once unemployment benefits run out, those statistics about the number of people applying for unemployment and the number of people actively looking for work will eventually drop and make the unemployment figures look great!

...Only measure the money supply some ways and stop publishing M3, the total money supply, as of March 2005 because it's being printed out of thin air at an exponential pace!

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msretro April 3 2009, 16:11:59 UTC
I love shadowstats. They really break everything down and make it all very easy to understand.

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poetpaladin April 3 2009, 18:18:59 UTC
Darn, and I was thinking that it was because you were reading my journal entries on the CPI. :)

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msretro April 3 2009, 18:35:56 UTC
You know, I may have found it through your blog. You posted it a couple years back, maybe?

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poetpaladin April 4 2009, 07:07:30 UTC
Yes. Yes, I did write a while back.

10/2007 http://poetpaladin.livejournal.com/717500.html
03/2006 http://poetpaladin.livejournal.com/558265.html

I worry about how we as a country will continue. Things are getting worse.

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