PatriotG
05-20-2008, 10:57 AM
Good morning.
What a way to start the day. I did my usual cup of coffee and browsed the headlines of the day. What do I find today? Something that compelled me to go outside and scream at the top of my lungs. Maybe it was the caffein, but I dont think so
Please read the following 2 articles written by 2 different reporters From AP, and tell me, whats wrong with the picture?
Oil crosses $129 for first time, heads for $130 (http://news.yahoo.com/s/ap/20080520/ap_on_bi_ge/oil_prices)
Wholesale inflation slows in April after March increase (http://news.yahoo.com/s/ap/20080520/ap_on_bi_go_ec_fi/economy)
Ok, I will tell you what drove me to lose it momentarily:
Quote from article 1: "Inflation at the wholesale level slowed in April following a huge increase in March although prices for a number of items from prescription drugs to pasta shot upward.
Quote from article 2: Oil's trek toward $130 coincided with the Labor Department's report of an unexpectedly sharp rise in wholesale inflation last month.
So I pose the question to anyone out there:
What is the story here?
It states in article 2 that "The overall moderation in prices primarily reflected how the government adjusts its data to compensate for seasonal changes."
Do you know what I think, the government just "adjusts its data" to create the perception that everything is OK. And in its endeavor to do this, it suffers from the typical ill that most liars do. It becomes confused, and cannot remember what it said 1 hour ago.
This seems to be the truth.
Sorry just venting.....
What a way to start the day. I did my usual cup of coffee and browsed the headlines of the day. What do I find today? Something that compelled me to go outside and scream at the top of my lungs. Maybe it was the caffein, but I dont think so
Please read the following 2 articles written by 2 different reporters From AP, and tell me, whats wrong with the picture?
Oil crosses $129 for first time, heads for $130 (http://news.yahoo.com/s/ap/20080520/ap_on_bi_ge/oil_prices)
Wholesale inflation slows in April after March increase (http://news.yahoo.com/s/ap/20080520/ap_on_bi_go_ec_fi/economy)
Ok, I will tell you what drove me to lose it momentarily:
Quote from article 1: "Inflation at the wholesale level slowed in April following a huge increase in March although prices for a number of items from prescription drugs to pasta shot upward.
Quote from article 2: Oil's trek toward $130 coincided with the Labor Department's report of an unexpectedly sharp rise in wholesale inflation last month.
So I pose the question to anyone out there:
What is the story here?
It states in article 2 that "The overall moderation in prices primarily reflected how the government adjusts its data to compensate for seasonal changes."
Do you know what I think, the government just "adjusts its data" to create the perception that everything is OK. And in its endeavor to do this, it suffers from the typical ill that most liars do. It becomes confused, and cannot remember what it said 1 hour ago.
This seems to be the truth.
Sorry just venting.....