The SIPA

Am I the only one noticing that almost all economic data coming out of our Government is not only false and misleading but is often times wrong? More importantly , most of the Financial press out there seems to roll over and not even question numbers that are either flat out wrong or are more propaganda then reality. Take today’s jobless claims for instance. The Associate Press reported: “New unemployment claims fall to lowest in 2 months

The message sent to Wall Streets elite firms is that if you commit securities fraud you may have to use your debit card to pay the fine and do not worry about jail time as long as you sing like a canary after your caught. Poor ‘Snooki” apparently takes her Italian heritage seriously and decided not to betray her family on Jersey Shore. Too bad she didn’t have info on Joey taking steroids to get better abs. The best part is the judge in the case lambasting Snookie.

Let’s start with the first fact, that the recession never really ended. I know all the economists out there will tell you differently and will show you a chart and technical garbage to disprove this point but the reality is that almost each and every month our government has been claiming one set of numbers and then restating them often times dramatically the next month.