Mark Sunshine to Peter Schiff: "Peter, do you really not trust the data that the government...


Mark Sunshine to Peter Schiff: "Peter, do you really not trust the data that the government publishes? Do you think that Treasury, the Fed and the BEA are like the Iranian election commission?"
Schiff: "I think government data is compiled to create a false sense of prosperity so that politicians can claim credit for growth that is not real and be more easily reelected."
Comments (8)
  • coloneldebugger
    , contributor
    Comments (910) | Send Message
     
    I really hope Sunshine wasn't really serious with that question.
    18 Jun 2009, 01:29 PM Reply Like
  • mazman1945
    , contributor
    Comments (4) | Send Message
     
    one can make statistics say what ever point there trying to make and we are all biased one way or another .
    18 Jun 2009, 01:29 PM Reply Like
  • j_remington
    , contributor
    Comments (1341) | Send Message
     
    Follow the big money when trading the market regardless of government statistics.
    18 Jun 2009, 01:53 PM Reply Like
  • User 292572
    , contributor
    Comments (6) | Send Message
     
    I am so surprised that so many economists, like Mark Sunshine, are either stupid/clueless or work for the government instead of independently.

     

    Peter Schiff: You did a good job!
    18 Jun 2009, 01:57 PM Reply Like
  • Captleftover
    , contributor
    Comments (15) | Send Message
     
    It makes you wonder whether "Sunshine" is his real name.
    18 Jun 2009, 02:00 PM Reply Like
  • Winston Smith of Oceania
    , contributor
    Comments (84) | Send Message
     
    Data....Ha! As the famous quote says, "there are lies, damn lies, and statistics." And as John Williams questions , "Have you ever wondered why the CPI, GDP and employment numbers run counter to your personal and business experiences? The problem lies in biased and often-manipulated government reporting."
    18 Jun 2009, 02:23 PM Reply Like
  • Jimmy1
    , contributor
    Comments (9) | Send Message
     
    Government statistics are like sausage. Tastes great, just don't ask how they get made...
    18 Jun 2009, 03:47 PM Reply Like
  • Nettligent
    , contributor
    Comments (1345) | Send Message
     
    Writers use lies to tell the truth while politicans and government using statistics to cover the lies.
    18 Sep 2009, 12:41 AM Reply Like
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