The Wall Street spin machine never rests. While some investors believe everything theyre 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.
The other manipulated fib is the jobs report from the Bureau of Labor Statistics. I have been harping about the exporting of US jobs overseas for quite some time. The Bureau of Labor Statistics has reported that 1.054 million jobs have been created over the past 61 months.
Since the unemployment rate does not include jobs that have been shipped overseas, the numbers we are receiving are at best suspect. If we have "full" employment in this country, then why did 24,500 people in Chicago apply for jobs at a Wal-Mart that only had 325 openings. You can read the story for yourself at:
http://www.suntimes.com/output/news/cst-nws-walmart26.html
Here's an excerpt:
Thousands apply for jobs at new Wal-Mart
January 26, 2006
BY LESLIE BALDACCI Staff Reporter
Eighteen months after the Chicago City Council torpedoed a South Side Wal-Mart, 24,500 Chicagoans applied for 325 jobs at a Wal-Mart opening Friday in south suburban Evergreen Park, one block outside the city limits.
