Monday, January 14, 2013

I can’t believe the stats anymore :(

Eurozone factory output dips but IMF insists economy is 'improving'

"IMF chief Christine Lagarde has insisted the eurozone economy is 'improving' as latest figures show a third consecutive month of falling factory output". (Personally, I'm SOooo fed up with spin. I can't believe any stats anymore. It looks like LESS tractors produced so output is UP). "Her words will likely provoke disbelief in the markets" says the Telegraph. (Does anyone still believe CPI or even the House Price indices?)

Posted by alan @ 04:38 PM (1424 views)
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5 thoughts on “I can’t believe the stats anymore :(

  • I think the lack of comments answers your question Alan!

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  • What do you expect a former French government minister to say!

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  • Doublethink : “The power of holding two contradictory beliefs in one’s mind simultaneously, and accepting both of them… To tell deliberate lies while genuinely believing in them, to forget any fact that has become inconvenient, and then, when it becomes necessary again, to draw it back from oblivion for just as long as it is needed, to deny the existence of objective reality and all the while to take account of the reality which one denies – all this is indispensably necessary. Even in using the word doublethink it is necessary to exercise doublethink. For by using the word one admits that one is tampering with reality; by a fresh act of doublethink one erases this knowledge; and so on indefinitely, with the lie always one leap ahead of the truth.”

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  • nonsense.

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  • They couldn’t spin themselves out of a launderette.

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