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The Statistical Battleground
With consumer confidence now testing generational lows, our politicians are, nevertheless, continuously assuring us that the economy is strong and that there is no cause for worry.
Although it is standard procedure for governments to soothe their citizenry with placebo politics in order to avoid panic and uprising, there is a line after which such a campaign is counterproductive. In fact, misleading statements about financial security are potentially dangerous to the country’s long-term economic wellbeing, and potentially toxic to investors.
Economic and financial statistics are the battleground over which the war of perception is fought. But as the…
5Jun2008 | Money Morning | 1 comment | Continued
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