{"id":25789,"date":"2017-09-18T06:08:50","date_gmt":"2017-09-18T11:08:50","guid":{"rendered":"http:\/\/olduvai.ca\/?p=25789"},"modified":"2017-09-18T06:08:50","modified_gmt":"2017-09-18T11:08:50","slug":"lies-lies-omg-more-lies","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=25789","title":{"rendered":"Lies, Lies &#038; OMG More Lies"},"content":{"rendered":"<header class=\"entry-header\">\n<h3 class=\"entry-title\"><a href=\"https:\/\/www.theburningplatform.com\/2017\/09\/17\/lies-lies-omg-more-lies\/\">LIES, LIES &amp; OMG MORE LIES<\/a><\/h3>\n<\/header>\n<div class=\"entry-content\">\n<p><em>\u201cThere are three types of lies \u2014 lies, damn lies, and statistics.\u201d \u2013 <\/em><a href=\"https:\/\/www.amazon.com\/Benjamin-Disraeli-Very-Interesting-People\/dp\/0199213593\/ref=as_sl_pc_tf_til?tag=thebur01-20&amp;linkCode=w00&amp;linkId=1bd88c6c35bb72f51a5d7931fffaf505&amp;creativeASIN=0199213593\"><strong>Benjamin Disraeli<\/strong><\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"http:\/\/static.safehaven.com\/authors\/burningplatform\/40658_a.png\" alt=\"\" width=\"506\" height=\"248\" \/><\/p>\n<p>Every month the government apparatchiks at the Bureau of Lies and Scams (BLS) dutifully announces inflation is still running below 2%. Janet Yellen then gives a speech where she notes her concern inflation is too low and she needs to keep interest rates near zero to save humanity from the scourge of too low inflation. I don\u2019t know how I could survive without 2% inflation reducing my purchasing power.<\/p>\n<p>This week they reported year over year inflation of 1.9%. Just right to keep Janet from raising rates and keeping the stock market on track for new record highs. According to our beloved bureaucrats, after they have sliced, diced, massaged and manipulated the data, you\u2019ve experienced annual inflation of 2.1% since 2000. If you believe that, I\u2019ve got a great real estate deal for you in North Korea on the border with South Korea.<\/p>\n<p><em>\u201cLies sound like facts to those who\u2019ve been conditioned to mis-recognize the truth.\u201d<\/em> \u2015 <strong>DaShanne Stokes<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"ap-lazy-image loaded aligncenter\" src=\"https:\/\/www.advisorperspectives.com\/images\/content_image\/data\/9f\/9ff4ad8139f5e65a452b001fa5a42817.png\" alt=\"CPI and Core CPI\" width=\"517\" height=\"376\" data-src=\"\/images\/content_image\/data\/9f\/9ff4ad8139f5e65a452b001fa5a42817.png\" \/><\/p>\n<p>Ignore that silly Shiller PE ratio far surpassing 1929 and 2007 levels. Ignore every historically accurate valuation method showing the stock market 70% to 129% overvalued. Wall Street shysters like Jamie Dimon, faux financial analysts, corporate media talking heads and even Donald Trump tell you this time is different. Tax cuts, amnesty for illegals, more wars, and eliminating the debt ceiling will surely spur massive economic growth. Trillion dollar deficits are always bullish. Making America Great with More Debt should drive the stock market to 30,000 in no time.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"ap-lazy-image loaded aligncenter\" src=\"https:\/\/www.advisorperspectives.com\/images\/content_image\/data\/a0\/a0f46952fdde7da93401b42768f74437.png\" width=\"511\" height=\"371\" data-src=\"\/images\/content_image\/data\/a0\/a0f46952fdde7da93401b42768f74437.png\" \/><\/p>\n<p>All is well. Real median household income just surpassed the level achieved in 1999. Think about that for a second. It took seventeen years for the average American family to get back to a household income of $59,000.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>LIES, LIES &amp; OMG MORE LIES \u201cThere are three types of lies \u2014 lies, damn lies, and statistics.\u201d \u2013 Benjamin Disraeli Every month the government apparatchiks at the Bureau of Lies and Scams (BLS) dutifully announces inflation is still running below 2%. Janet Yellen then gives a speech where she notes her concern inflation is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[926,3279,303,426,2864,3650],"class_list":["post-25789","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bls","tag-bureau-of-labor-statistics","tag-fed","tag-inflation","tag-lies","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25789"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25789\/revisions"}],"predecessor-version":[{"id":25790,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25789\/revisions\/25790"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}