Here we go Again! at 2006-02-26 00:45:14
The Wall Street spin machine never rests. While some investors believe everything they’re told from the "Wall Street Gang”, investors would be much better off if they just accepted the fact that the stock market is designed to enrich corporate executives, and the people they provide investment banking fees, the investment banks.
If you want to get some real insight on how the system works, try and find an out of print book by Richard Ney called "The Wall Street Gang" or "The Wall Street Jungle".
This morning the spin doctors are still trying to tell us there is no inflation. The infamous core inflation numbers rose .2%, but of course this excludes food and energy prices. Consumer prices on the other hand rose 7% as energy, food and housing prices increased.
We have been doing some remodeling on our home, and the contractor said that suppliers and sub-contractors are adding a fuel charge to their billing. Even if energy prices do decline, do you think for one moment that these people will drop their prices? No way!
So, as far as the inflation data is concerned, it is just another manipulated lie.
Blog Source - http://www.johnmugarian.com/index.rdf
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