Comments on: Consumer Spending Rises http://www.dailyreckoning.com.au/consumer-spending-rises/2009/06/30/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 17:27:32 -0600 http://wordpress.org/?v=2.8 hourly 1 By: christina http://www.dailyreckoning.com.au/consumer-spending-rises/2009/06/30/comment-page-1/#comment-90597 christina Tue, 28 Jul 2009 16:05:52 +0000 http://www.dailyreckoning.com.au/?p=6433#comment-90597 Bill, I totally agree with you that we should be wary of statistics. The best book on that topic is called "How to lie with statistics" If you give someone a few statistics, they can make them say anything they like For example- if house prices drop 40%, and then they go up 1%- hey presto they can say "house prices are on the rise!" -If I make one cent today and two cents tomorrow- hey I just doubled my productivity! and stuff like that. As Mark Twain said- there 3 kinds of lies: lies, damn lies, and statistics Bill, I totally agree with you that we should be wary of statistics. The best book on that topic is called "How to lie with statistics" If you give someone a few statistics, they can make them say anything they like

For example- if house prices drop 40%, and then they go up 1%- hey presto they can say "house prices are on the rise!"
-If I make one cent today and two cents tomorrow- hey I just doubled my productivity!

and stuff like that. As Mark Twain said- there 3 kinds of lies: lies, damn lies, and statistics

]]> By: Sean http://www.dailyreckoning.com.au/consumer-spending-rises/2009/06/30/comment-page-1/#comment-87436 Sean Sun, 05 Jul 2009 18:14:23 +0000 http://www.dailyreckoning.com.au/?p=6433#comment-87436 I've read recently that we, the US, are a grand total of nearly 58 TRILLION in debt! I guess that the plan was like the old saying, "you owe me $1000 that's YOUR problem, you owe me $1,000,000 that's MY problem." We have borrowed so much that we are now the mother of all "too big to fail." Plus we have this military monster stationed all over the globe, in the oceans, every continent, in space that says, "TRUMP!" if anyone pushes too hard for payment. Like a giant, global Tony Soprano who contemplates just killing his bookie rather than pay his debt to him... This debt is TRULY like no other and it cannot be compared to any other... Well, maybe the Roman Empire? I've read recently that we, the US, are a grand total of nearly 58 TRILLION in debt! I guess that the plan was like the old saying, "you owe me $1000 that's YOUR problem, you owe me $1,000,000 that's MY problem." We have borrowed so much that we are now the mother of all "too big to fail."

Plus we have this military monster stationed all over the globe, in the oceans, every continent, in space that says, "TRUMP!" if anyone pushes too hard for payment.

Like a giant, global Tony Soprano who contemplates just killing his bookie rather than pay his debt to him...

This debt is TRULY like no other and it cannot be compared to any other... Well, maybe the Roman Empire?

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