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  1. Freckle

    Which way is the economy heading?

    ...and it continues ABS inflation figures dodgy as well "Ultimately, it is unrealistic to expect the ABS to deliver champagne statistics on a beer budget, and it is the Government that is to blame for the ABS? diminished capacity and increasingly unreliable data."
  2. Freckle

    Which way is the economy heading?

    By understanding who they are, their relationships with the corporatocracy, the global banking network/cartel and their political lackeys. By keeping abreast of the widespread fraud and criminality of these entities and where they are active. 10 corps that own almost everything...
  3. Freckle

    Which way is the economy heading?

    Your kidding aren't you. When HFT algo's rule the markets and dark pool trading with clueless complacent underfunded regulators you think the market gives a flying fig for wobbly ABS stats. HSBC, JPM, Citi et al are the biggest cowboys in the market. They effectively control Australia's...
  4. Freckle

    Which way is the economy heading?

    Again rubbish. ABS data comes from a multitude of sources depending on the category. Labour stats for example are not simply a small sampling they are substantially comprehensive across a broad range of sources. Getting called out on gross errors not your claimed "within a margin of error" is...
  5. Freckle

    Which way is the economy heading?

    It's been accurate for years. You haven't been watching and my guess is that what you do see you understand even less. The reality is the real crash has been developing since 1971. Govt's, banksters and bureaucrats have done a pretty good job of juicing the patient to the point many think...
  6. Freckle

    Which way is the economy heading?

    ....and; The Australian Bureau of Statistics has cast doubt on the future quality of its economic data after an accumulated $117 million in deficits left it with barely enough cash to ?keep the lights on?. The agency is one of up to a dozen government bodies pleading with Treasurer Joe...
  7. Freckle

    Which way is the economy heading?

    Rubbish!! From Peter Martin (h/t edanielsen) today comes a not altogether surprising confession from the ABS about its labour market stats: The Bureau of Statistics has got the official employment figures wrong, and although it is happy to acknowledge the errors, it won't correct them on the...
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