Why you shouldn't use Shadowstats

[denner]

Quote from Covertibility:

MIT's Billion Price Project

Also, one does not set monetary policy according to the wild fluctuations in food and energy prices.

More bullshit. "wild fluctuations". Food prices have been rising steadily for more than a decade. Energy prices collapsed briefly during the financial crisis. 3+ years of ZIRP, with 2 more years guaranteed has done a wonderful job of goosing energy prices back to their highs.

The "dual mandate" is a con job. But liberal hacks such as yourself are so bamboozled by all the bullshit, you can't even see straight.

You must be exasperated that all of the ZIRP still hasn't produced nominal new highs in real estate.

 

[the1]

In an election year all numbers that come from the Government are skewed in favor of the incombent. Bernanke keeps the printing press running, statisticians issue favorable numbers. Obama appoints Bernanke for another term, statisticians keep their jobs. Crony Capitalism at its finest.

Quote from failed_trad3r:

Shadowstats is curve fitted stats. For example real unemployment is 16%, but we dont have numbers for real unemployment 100 years ago. Those numbers were also faked.

 

[Lucrum]

Quote from the1:

In an election year all numbers that come from the Government are skewed in favor of the incumbent. Bernanke keeps the printing press running, statisticians issue favorable numbers. Obama appoints Bernanke for another term, statisticians keep their jobs. Crony Capitalism at its finest.

So...when does the hope and change begin?

 

[piezoe]

Quote from Lucrum:

So...when does the hope and change begin?

Hope is eternal. But "change", that's another matter.

Business man to client: "Madam, when may I hope for payment on your account?"

Client: "Always."