Illegal or not illgal. Insider trading on gorernment reports.

[stock_trad3r]

Quote from Nofear777:

Yesterday we had a very nice rally.

Today the government report is officialy released.

We all know almost every big institution on the street has access to these numbers ahead of time. Hence yesterdays buying.

I pose this question to my fellow traders.
Is this illegal activity?

Yesterday's buying had nothing to do with leaked numbers, dummy, and even if it did you would have no way of proving that.

 

[gnome]

Quote from Renegen:

Yes the wealth effect is not a bad theory, but it's hard to believe it lasted 25 years. Maybe one reason for that is the baby boomer generation which is larger than the other generations and their spending has pulled along the whole economy.

Still today in the US you have negative savings rate, massive deficits, a depreciating currency and falling home prices. Where will the money come from now? What happens when inflation will destroy the elder's savings?
You also have bleaker prospects for the new generations.

I think you are correct on all counts and questions.

When I first saw a Toyota Land Cruiser, it cost $2,795. Now, $56,000. Here's why...

 

[blackchip]

Technically the Federal Reserve Banks are not part of the Gov't.

Do Fed member banks/individuals trade on the minutes, etc. before the official release? I'm leaning toward yes.