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Topic: economic reporting (Read 400 times) previous topic - next topic

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economic reporting
"Last week's producer price report showed unexpected pressure in October as does today's report on import prices and export prices, up 0.5 percent and 0.4 percent respectively which both top Econoday's high estimates."


The above quote taken from:


https://us.econoday.com/byshoweventfull.asp?fid=485804&cust=us&year=2018&lid=0&prev=/byweek.asp#top


For the October, the dollar was very strong:





So with a strong dollar we should expect depressed import prices and constant to lower export prices as exporters try to improve profit margin and expand volume. We do not see that. This is another data point to file away for evaluating the credibility of federal data reporting.

  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: economic reporting
Reply #1
"Last week's producer price report showed unexpected pressure in October as does today's report on import prices and export prices, up 0.5 percent and 0.4 percent respectively which both top Econoday's high estimates."


The above quote taken from:


https://us.econoday.com/byshoweventfull.asp?fid=485804&cust=us&year=2018&lid=0&prev=/byweek.asp#top


For the October, the dollar was very strong:

So with a strong dollar we should expect depressed import prices and constant to lower export prices as exporters try to improve profit margin and expand volume. We do not see that. This is another data point to file away for evaluating the credibility of federal data reporting.


Sound like a lack of confidence in our glorious leaders!

Re: economic reporting
Reply #2


[/quote]

Sound like a lack of confidence in our glorious leaders!
[/quote]


That is an understatement! How can a citizen have confidence in a government that blamed Bengasi attack on a YouTube flick, that will not charge and prosecute all the security violations within the state department under Hitlery, that runs guns to Mexican drug cartels and gangs, that can't protect its borders or enforce its immigration laws, that can't seem to get an election counted correctly, that has allowed its currency to be devalued to 3% of its 1971 value, that has passed laws making bank depositors responsible for the solvency of the institution no matter how flawed management, that allows money to be created from thin air via fractional reserve banking, can't read with comprehension and then follow its own constitution, allows a press to be in obvious alliance with a political party, that has a judicial system where the lowest level appointed judge on a whim can overturn a decision of the country's president, that said government has intruded into the private lives of its citizens to the point the citizen has to ask permission for every activity on there own 'privately owned' premises, and the list goes on.

  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: economic reporting
Reply #3
Quote
.....that said government has intruded into the private lives of its citizens to the point the citizen has to ask permission for every activity on there own 'privately owned' premises, and the list goes on.

Yep. Pisses me off to no end. And the Amerikan people keep voting these assholes back in because they are too lazy or downright stupid to care. When the whole society becomes liberal the breakdown commences. Think Greece as to a moral compasse and Rome when it comes to rights and money.

Wait until the pension crisis reaches a high point. Then property taxes start to increase again and again. Property values go to hell and now people can't borrow and spend. The DXY goes sky high as deflation kicks in. Then at some point when the dollar is well beyond nosebleed territory, and property values have crashed 80%, pensions have failed, the dollar crashes into a hyperinflation scenario and the currency no longer is backed with confidence. What will those soccer moms who vote for mad Maxine do?

Rome was vacated and left to the Vandals to sack because of taxes. There was no defense due to people abandoning their property. And your brilliant leaders will repeat the same mistake even if they are aware of it. When all fails they will pack there bags and leave what's left of the empire they destroyed to a sunny beach somewhere.

I say hunt their ass's downs wherever they go!

Re: economic reporting
Reply #4
here is an example of why confidence in government is shot. 30 minutes before the news, gold tanks but those in the loop (probably banks receiving kudos from government for carrying their price fixing water) get early notice. The system is so rigged.