Beware of these D.C. hijinks

Changing the numbers doesn't change the reality

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There’s a famous quote, either from Mark Twain or Benjamin Disraeli, depending on who you ask, describing the three types of lies (pardon my french):  “Lies. D**ned lies. And statistics.”  In other words, you can lie to people straight up, you can lie to them brazenly, or you can fib the numbers so that it seems like you’re telling them the truth, when you’re really lying. And according to some news out of Washington, it seems like the Fed may be planning to do exactly that when it comes to inflation. Learn How I Look for Long-Term Trade Setups… For Free!  On Friday, I get to join one of my favorite groups, Ask the Pros, for a special all-day workshop. My session will be at 1:00 PM ET, and will talk about how I look for long-term trade setups with fibonacci. I’m really excited about it! Access to the whole conference is absolutely free! But you want to get signed up soon so you don’t miss any of the info:  Learn more and sign up here Clicking automatically registers you for the event as well as periodic updates from Ask The Pros (privacy policy) and Godesburg Financial (privacy policy). Reading this article, it seems like the Fed is about to do some hocus pocus with the inflation numbers to make the number seem better than it really is. This isn’t all that uncommon, and it’s exactly at the heart of the Twain quote: When you make a complicated statistic and then give that statistic a lot of power, it’s pretty easy to change that statistic and have it tell people what you want it to. In fact, it happened back in the 70s, when the US took home prices out of the CPI calculation (CPI is the primary index we use to judge inflation).  By removing housing numbers, they made it seem like inflation was lower. But changing the number doesn’t change the underlying reality. Both housing and products were inflating, they were just doing it in two different statistics.  But for folks who aren’t really paying close attention, that can still be deceptive. The MSM can still report next month that inflation has gone down dramatically if they change CPI to reflect that. But that’s not going to change your price at the pump or at the grocery store. It’s just a cheap political trick to improve their chances of reelection. Of course, it doesn’t really change anything for us. We’re still going to be scanning the markets for the best opportunities regardless of the statistics. But since you’re a reader here, I want you to be informed about what’s going on.  Hope this helps!, Daily Profit Publishing and Jeffry Turnmire do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor. We are not licensed to provide you personalized investment advice. Nothing in these communications should be construed as personal investment or financial advice.

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