Life the Universe and ....: More economic issues

Consumer confidence suffers steep fall... 'Unexpected'... Stocks Slump as Quarter Ends...Deficit forces California to issue IOUs... States brace for shutdowns...

True or False:
U.S. Economic Stats Lie

By Jack Hough

Surveyors collect the nation’s data and statisticians compile and report it. Politicians naturally want the numbers to show improvement. Not being able to change the facts, they focus on the handling of facts, pressuring statisticians to change their measurements. It’s not quite one grand conspiracy but decades of minor ones compiled. Today’s reports are so perverted, the theory holds, that the numbers have detached from common experience. Continue

Japan jobless at five-year high: The unemployment level, which was slightly worse than an average market forecast of 5.1 per cent, is close to a post-World War Two high of 5.5 per cent, which was last seen in April 2003.

The U.S. and the U.K. Will Both Default on Their Debt by the End of Summer 2009? : This evolution is likely to catch large numbers of economic and financial players on the wrong foot who decided to believe in today’s mainstream media operation of “euphorisation”.

Economy shrinks at fastest pace in 50 years: Britain's recession-battered economy shrank at its fastest pace in more than 50 years in the first quarter of 2009 in the worst global slowdown in decades, revised official data showed on Tuesday.

U.S. housing misery poised to enter new phase: Big risk factors that could spur more foreclosures include expectations of rising unemployment and the forecast resetting of interest rates on 2.8 million subprime and Alt-A mortgages in the next two years.

True or False: U.S. Economic Stats Lie: If Williams is right, unemployment is over 20%, gross domestic product is shrinking by 8% and consumer prices are jumping by nearly 7%. His forecasts border on apocalyptic.

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OECD Tells UK Cut Spending Or Face Hardship

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