Seeking Alpha
Wednesday, December 23 2009  |  12:47 EDT  | 
DJIA (DIA) S&P 500 (SPY)

Market Currents

Thursday, June 18, 2009
1:21 PM TweetThis
  • 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."
Back to Today's Market Currents »

This news story has 8 comments:

  •  
    I really hope Sunshine wasn't really serious with that question.
    Jun 18 01:29 PM | Link | Reply
  •  
    one can make statistics say what ever point there trying to make and we are all biased one way or another .
    Jun 18 01:29 PM | Link | Reply
  •  
    Follow the big money when trading the market regardless of government statistics.
    Jun 18 01:53 PM | Link | Reply
  •  
    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!
    Jun 18 01:57 PM | Link | Reply
  •  
    It makes you wonder whether "Sunshine" is his real name.
    Jun 18 02:00 PM | Link | Reply
  •  
    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."
    Jun 18 02:23 PM | Link | Reply
  •  
    Government statistics are like sausage. Tastes great, just don't ask how they get made...
    Jun 18 03:47 PM | Link | Reply
  •  
    Writers use lies to tell the truth while politicans and government using statistics to cover the lies.
    Sep 18 12:41 AM | Link | Reply
Follow Market Currents on
Latest Articles
All latest articles »
Latest StockTalks
  • Market Trend Signal: TEX - new buy signal
    about 2 hours ago
  • David Fry: Dave's Daily (New Post): "Alea Jacta Est (The Die is Cast)." (12/22/09) http://www.etfdigest.com
    about 2 hours ago
  • David White: API: Crude -3.7M barrels, gasoline -1.1M barrels, distillates -745K barrels. A little more draw down than the estimates.
    about 2 hours ago
  • TheSnail: I was expecting the breakout for QUIK to occur in Jan. leading up to CES. Looks like it could easily reach $3 by then or during the show.
    about 4 hours ago
More StockTalks »

From our sponsors: