Argentina Defaults On Sovereign Debt

Discussion in 'Wall St. News' started by THE-BEAKER, Jun 2, 2008.

  1. 50_Bip

    50_Bip

     
    #11     Jun 2, 2008
  2. Sure but let's be clear we are talking semantics now. When prices go up on fuel and food that's call inflation and we both know it.
     
    #12     Jun 2, 2008
  3. A consumer economy where consumption costs - prices on consumer goods - are rising? Sure sounds like inflation.

    On a larger scale it just seems like balancing consumption and prices around the world. Go globalization - all the way ;)
     
    #13     Jun 2, 2008
  4. It's not semantics, it's called statistics.
     
    #14     Jun 2, 2008
  5. "Deception by convolution" is still a lie... regardless of what the Gummint calls it. :mad:
     
    #15     Jun 2, 2008
  6. They made the changes to the methods in order to get "better" numbers as a result. Note how low the once important Misery Index would be if added up now using government supplied numbers, vs what it would be if the calculation methods hadn't been changed (see shadowstats.com). In all honesty, I think the word "lie" is accurate and appropriate. They don't want the truth to be broadcast.
     
    #16     Jun 2, 2008
  7. I'm hoping this is sarcasm...
    If not then can you please get me some recent M3 data?
     
    #17     Jun 6, 2008
  8. Cutten

    Cutten

    Inflation-protected bonds rely on the trustworthiness of whichever body calculates the inflation rate.

    If the government both issues the bonds, and decides the inflation rate, then that's what you might call a conflict of interest. Any CEO doing that would be sent to jail. But in the public sector, it's just business as usual.
     
    #18     Jun 6, 2008
  9. if a bond is too risky, wait for prices to drop for a higher yield
     
    #19     Jun 6, 2008