Sunday, May 25, 2008

La INDEC yanqui!

I always tell Argentines about this ...but I always have the feeling that they don't believe me. From Bill Bonner:

Last month, the price of gasoline went down 2%, says the Labor Department.

Wait a minute. Do you remember gasoline prices going down in April? We don’t. As we recall, oil prices were soaring…and so was the price of gasoline. We’re beginning to sniff something funny in the air…a rat.

It was largely thanks to this reported drop in prices at the pump that the Consumer Price Index registered a scant 0.2% increase for the month of April. And it was largely because of this low inflation reading that the yield on the 10-year note stayed below 4%, says Gary Dorsch.

3 comments:

Anonymous said...

The fact that Indec is manipulating Argentina's inflation figures obviously doesn't mean that any other country's inflation figures are being manipulated. The US government's figures tend to be pretty reliable and I'd think you'd want to have a sound basis (other than just a desire to be cheeky) for questioning them.

Anonymous said...

¡Que malepnsados!

No. El Consumer Price Indexs don´t Lie.
Lo que pasa es que generalmente a los países importantes no quieren que se haga público cuando reciben ayuda de los países emergentes.
Según pude investigar, algunos funcionarios del Consumer Price Indexs, alarmados por el creciente aumento del petróleo vinieron para acá a tomar un curso con el amigo Moreno y copiar el sistema nuestro.
Este sistema consiste en salir de noche con una manguera y un bidón a saquear combustible de los autos estacionados, el cual se mezcla con algo que comprás en el surtidor.
A mayor cantidad de combustible saqueado, menor será el precio final. Depende un poco de la suerte, pero con dicho sistema el precio final tiende a la baja.
Greetings!

yanqui mike said...

The United States of America would NEVER manipulate figures like some backwater pedazo de mierda like ARGENTINA!!!!!!

That's why we're seeing an end to the American Empire.

The entire history and present of the US and Argentina is so similar that it is frightening ...if you look. It scares me, and I ain't 'fraid a nuttin'.

I guess I'm too deep in bed with the "reality-based" community. How anyone could look at "US GOVERNMENT FIGURES" that say that the price of gasoline declined at all last month ...then call me "cheeky" is not only beyond the pale ...it is a dereliction of duty as a citizen.

Yes, "duty as a citizen".

Especially in light of the result of that obvious manipulation. Follow the dollar, as they say: that manipulation kept the US from paying higher yields to the investors that trust 10-year treasury notes.

I'll hazard a guess as to cheeky-boy's opinion of the Argentine default under Duhalde ...but I'll also hazard a guess as to his nonchalance regarding the duplicitous rate of return paid by the US in April. Default by degrees is "pretty reliable", eh? How'd I do?

"USA #1!" You're clappin', Cheeks ...but not loud enough to save Tinkerbell.

You could learn a lot from "malepnsados" ...you should listen to him a little. You should really get out more too.