Monday, August 9, 2010

Nearly any government of large economies puts out deliberately deceptive financial reports

China is just playing the same game we have played in the US. Clearly, Geithner's trips to china had an effect and that effect is not good for any of us. Lessons in spin by consummate executioners of the craft are truly difficult to find. So, now we are at the stage where, any employment report, manufacturing report, retail sales report, banking report, GDP report are all stuff of a few imaginations and and spin doctors and can not be believed.

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