Posted on 02/12/2010 10:52:37 AM PST by Cheap_Hessian
As if anyone needed more reasons to doubt the data coming out of our government. Earlier today the Commerce Department reported that January retail sales data came at a nice and bubbly 0.5% sequential increase, and an even nicer and bubblier 4.7% YoY. This presumably beat expectations which were looking for a sequential beat of 0.3%. Yet here comes the much more reliable Gallup data to throw some salt in yet another economic data fabrication. According to daily Gallup consumer polling, which due to its lack of proximity to the government propaganda complex is vastly more reliable, the January average data showed a decline of 5.8% over January 2009 and a whopping 16.3% decline over December. This is beginning to parallel the ever increasing divergence between the ABC consumer comfort index and the UMichigan index which lately seems to only track the average leve of the S&P over the prior month.
The chart below shows the true consumer spending behavior of Americans.
(Excerpt) Read more at zerohedge.com ...
SInce when is an opinion poll “more accurate” than actual collected data?
That’s like saying the exit polls were more accurate than the actual vote count.
Everything has been politicized. From the weather to sales numbers to employment to inflation we just need to see things in the fashion our betters have decided. Perception has become reality.
Not at all. The government wants positive numbers... not accurate numbers. Look at how many jobs they supposedly created or saved... do you think that is accurate? Do you believe the CPI data is accurate? Do you think the latest GDP number will not be revised lower? You can question Gallup's methodology, but to think that government numbers are unbiased fact would be a mistake.
The Kenyan lies at every turn. Assume everything they tell you is a lie and count the days until the next election.
Do you actually believe anything that comes out of the current Government?
The GDP figures are completely skewed, but they made the implication that the economy grew robustly, when it was due to a record amount of depleted inventory replacement. They took credit for it being counted as actual sales volume.
The Gallup numbers are far more reliable than what the Propaganda ministry is feeding us. The economy has fallen in direct line with what Gallup is saying. Sad but true.
I've got some land down on the bayou I think you'd really like to buy.
Actually, the fact that we have too-big-to-fail in our vocabulary should prove that any government number after the initial bailouts is kabuki theater. They are afraid to tell us the truth and they continue to extend and pretend. Why does the fed need to manipulate the housing market and treasury auctions? Why is the government doing illogical things like borrow money to dig ditches and call it economic stimulus?
The Conservatives, Independents, and Libertarians are yelling “we want the truth!” and the government is yelling back, “you can’t handle the truth!”. I can not go along with the notion that either the government or the federal reserve are touting “great” economic news for our benefit.
Aw, come on! You know if the economy was bad the MSM would be beating it like a drum. /s
M-1 money stocks are up something like 6.5% for the yr. I see a 1.8% loss after inflation. Let the fools continue with their cheap propaganda & the willing idiots that buy into it.
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