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Arthur Koestler 

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Monday
Jul152013

You Can't Trust the Numbers

Japan is fiddling with their definition of inflation. No longer will gasoline price increases be included in inflation. Well we can be confident that the US is safe from such shenanigans. Or can we? 

As is usual when I listen to hard money types, I think they are too alarmist. We still have some time to change. I am guardedly pessimistic that change will happen.

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