The BLS better have some tricks up its statistical sleeve.

"The biggest threat to America...is moving toward a fascist theocracy...."--Frank Zappa

There's a very well-known publisher of market commentary which - like me - has been largely bearish over the past two and a half years. What is irksome to me is that, in the face of a market which has done little but push higher all this time, they keep pointing to a chart showing that in "real dollars" (in their view, gold) the market has indeed been crashing.

Ummm, that's stupid. Gold is an asset, but it isn't used as money in our society. Do you buy groceries with it? Pay your mortgage with it? Pay school tuition with it? I didn't think so.

I could make ANY prediction about ANY market and be correct if you allowed me to choose some kind of "currency" as a benchmark. Over any span of time, you can find something which has gone either up or down in value to support your claim, if that's what you're allowed to use as your divisor.

Stepping softly onto a slippery slope...

CFTC Comissioner Runs From Questions, Admits SEC Should be “Looked Into”

QE 3?  Been there, done that