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StockmansContraCorner<>The Fed’s Perilous Fake It Till You Make It Strategy
by Mark St. Cyr • May 24, 2015

We all know the difference between reality and wishful thinking. Many of us know just how quickly the jaws of reality can crush the life out of unicorn and fairytale stories when fiction is used to cover the facts. Where the businesses and happy customers that are supposedly represented on an income statement turn out to be little more than the Non-GAAP application of a fairy’s wand and pixie dust.

However, this doesn’t stop people from buying in (literally) to the illusion. And what has far more onerous consequences is when the story tellers themselves begin to believe their own works of fiction.

Since the financial meltdown of ’08 one thing has changed in ways never before seen in its voracity, let alone the sheer breath of complacency and acceptance to it. That “change” is what used to be reported or used as benchmarks of statistical data (whether it be of the government supplied sourced or other venue) and the outright publicly displayed willingness to adulterate them.

Some will ask, “Is it really such a big deal? It’s not like reports haven’t been adjusted for decades, what’s the big deal now?”

read more@ http://davidstockmanscontracorner.com/the-feds-perilous-fake-it-till-you-make-it-strategy/