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DewDiligence

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DewDiligence

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Re: DewDiligence post# 4021

Tuesday, 06/26/2012 6:53:53 PM

Tuesday, June 26, 2012 6:53:53 PM

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It’s a badly kept secret that China fudges its economic data; the question is: to what degree?

http://www.nytimes.com/2012/06/23/business/global/chinese-data-said-to-be-manipulated-understating-its-slowdown.html

The fudging of China’s official data is the reason I like to post growth forecasts by private economists whenever such data are available.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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