Tuesday, February 23, 2010
Government at Work - Reporting the Numbers
Could this be: "CPI Number Reported INTENTIONALLY INCORRECT?"
Well, it sure looks like it might be. Scary, isn't it?...
Well, it sure looks like it might be. Scary, isn't it?...
PRE-LINK TEXT Karl Denninger has the details at the Market-Ticker website:
"Look at the highlighted numbers. Let's multiply them up.
(5.966 x 0) + (.769 x -2.1) + (25.206 x -0.1) + (.347 x 0.4) / 32.288 = -0.12%, or -0.1%.
But it was reported as -0.5% in the line directly above (inverted tone.)
Oops.
I didn't re-run the weightings for the entire series but a quick 'eyeball' of the table shows that this should result in a CORE reading of 0.1% (positive), not the negative number reported."
