Economics and other lies....

[Owen]

http://www.smh.com.au/articles/2003/09/28/1064687670782.html

This is a good article care of the Sydney Morning Herald.

To me it shows how these kinds of figures have to be taken in the same way that capital growth figures should be - with a huge grain of salt and some intelligent interpretation.

 

[MarkB]

There are no lies in economics.

Only alternative versions of the truth.

MB

 

[abcdiamond]

I Really liked that article

 

[willair]

Acceptable Deception

good luck
willair..

 

[spark]

http://www.tradingroom.com.au/news_research/index.jsp?page=aap_article.jsp?id=42706

 

[Jean]

Alternate Realities

The problem is in the eye of the beholder - we keep treating economics as an exact science when at best it is an art.

Editors and politicians use it for their own ends.

Everything has to be put through your internal b.s. detector.


I reckon the continuing excesses and scandals of CEOs of international corporations - which are audited so unsuccessfully by the so-called Big Four accounting firms - will continue to contribute to the flood of money into real estate.

I also reckon that any government that attempts to force investment away from real estate, without seriously addressing the rampant white collar crime that we are seeing, will suffer an electoral backlash from voters.