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Today’s Contemplation: Collapse Cometh XXII–‘Net Zero’ Policies: Propaganda to Support Continued Economic Growth
Today’s Contemplation: Collapse Cometh XXII June 22, 2021 Knossos, Greece (1993) Photo by author ‘Net Zero’ Policies: Propaganda to Support Continued Economic Growth A personal view of the ‘Net-Zero’ policy being implemented by governments around the world, particularly those of the ‘West’. As happens so often (always?), the ruling elite are manipulating what is possibly one […]
World population is growing faster than we thought
World population is growing faster than we thought We’ve all heard the aphorism ‘Lies, damned lies and statistics.’ Statistics are an invaluable tool for understanding and responding appropriately to the world, but when the numbers say one thing and the headlines say another, it’s a cause for concern. TOP takes a dive into World Population Prospects […]
The CPI Revisited And Its Failure To Reflect True Inflation
The CPI Revisited And Its Failure To Reflect True Inflation The cost of living numbers prepared by the Bureau of Labor Statistics are highly misleading. Currently, the government understates inflation by using a formula based on the concept of a “constant level of satisfaction” that evolved during the first half of the 20th century in academia. […]
House Price Inflation in CPI is of Course Complete Baloney, but it Accounts for 1/4 of Total CPI
House Price Inflation in CPI is of Course Complete Baloney, but it Accounts for 1/4 of Total CPI With actual house price inflation based on market data, overall CPI would have jumped by 3.7%. Lifting the cover on the deception to keep CPI low. For most Americans, housing costs are the largest item in their […]
How the Unemployment Fiasco in Europe Is Kept out of Official Unemployment Rates
How the Unemployment Fiasco in Europe Is Kept out of Official Unemployment Rates The massive and once-again extended Pandemic-era furlough programs serve their purpose, but… In Europe, people who are furloughed are paid under government programs via their employers. Many of these programs have been created during the Pandemic. In theory, these people still have […]
False Bizarre Economy Renders GDP Useless (Part 1)
False Bizarre Economy Renders GDP Useless (Part 1) GDP Growth Is Akin To “Magic Illusion 101” We may be getting to the place where more people are beginning to realize the illusion created from printing and pouring trillions of dollar haphazardly into the economy can’t last. Today, consumer confidence hinges on what Washington decides to […]
Never Before Have I Seen So Much Fake Unemployment & Jobs Data by the Bureau of Labor Statistics. Labor Department Nails It
Never Before Have I Seen So Much Fake Unemployment & Jobs Data by the Bureau of Labor Statistics. Labor Department Nails It Labor Department today: People on state & federal unemployment insurance jumped to 31.5 million, worst ever. Bureau of Labor Statistics today: 4.8 million jobs created, unemployment dropped by 3.2 million. BLS under-reported unemployment […]
America’s Debt Burden Will Fuel The Next Crisis
America’s Debt Burden Will Fuel The Next Crisis Just recently, Rex Nutting penned an opinion piece for MarketWatch entitled “Consumer Debt Is Not A Ticking Time Bomb.” His primary point is that low per-capita debt ratios and debt-to-dpi ratios show the consumer is quite healthy and won’t be the primary subject of the next crisis. To wit: […]
Earthquake Economics
Earthquake Economics Beyond Human Capacity “The United States of America, right now, has the strongest, most durable economy in the world,” said President Obama, in his State of the Union address, on Tuesday night. What performance metrics he based his assertion on is unclear. But we’ll give him the benefit of the doubt. Photo credit: Natacha Pisarenko […]
A Recession Within A Recession
A Recession Within A Recession On Friday, the federal government announced that the U.S. economy contracted at a 0.7 percent annual rate during the first quarter of 2015. This unexpected shrinking of the economy is being primarily blamed on “harsh” weather during the first three months of this year and on the strengthening of the […]
truthinesslessness
truthinesslessness Nothing is stable, nothing is straightforward, everything is fixed, and nothing is fixed. O nation of busboys and WalMart greeters, awake and sing! Can an empire founder on sheer credulousness? After last Friday’s jobs report, I think so. For a culture that luxuriates in statistical analysis (and the false idea that if you measure […]
Republicans To Investigate NASA Over Climate Data Tampering
Republicans To Investigate NASA Over Climate Data Tampering With record heat (and drought) in the west and record cold (wet and snow) in the east, the global warming game-playing continues every day but the climate-gate rhetoric has increased vociferously since we first noted three weeks ago, the data that has been so relied upon to ‘prove’ global […]
Estimating the Effect of Hedonic Quality Adjustments on the Consumer Price Index | The Consumer Price Illusion
Estimating the Effect of Hedonic Quality Adjustments on the Consumer Price Index | The Consumer Price Illusion. Having an informed debate over Hedonic Quality Adjustments is difficult due to the lack of comparable consumer price indices. A few exist, however, andtoday we will look at an index compiled by PriceStats, an off-shoot of MIT’s Billion Prices Project, which scrapes the […]
