At 8:30am ET Tuesday, the U.S. Producer Price Index (PPI) data for February will be released. The consensus forecast on Wall Street is that PPI will drop -0.2 pct Month over Month because – we are led to believe – that energy and food prices from the producers actually fell.

Without food and energy components being priced, the PPI is supposed to rise by +0.1 pct M/M.

Tomorrow we will be told.

Tonight Ben Bernanke is expected to tell a dinner gathering of the Economic Club of New York that all is well in Bernanke’s world.

So with cues from PPI and Bernanke leading investors to believe that interest rate hikes will not be too high or too long, the equity markets are rallying. Of course the other side of that coin is that the economy is not cranking out enough tax dollars for the Treasury to meet its obligations, so the ‘Snow’man has to print those dollars.

You see, there are so many USD floating about in the world, but they are outside the government’s control, and somebody has to pay those bills when the check arrives.

Here is my problem with Administration/Fed created data. It is biased, and with so much at stake, the data is reported amidst a call to “trust us” that is increasingly falling on deaf ears. What we need is for this data to be released by either the Auditor General or via independent and objective sources.

Either way, we on the buy-side need that data. It should not come polluted, and we shouldn’t have to filter it before consuming. I think it’s time to address this issue because as the political-economic stakes get bigger as the world gets smaller, this problem will worsen.