Greece has been falsifying its statistics for years and loaning billions from straight German banks while it was long broke. But cheating is widespread in Europe. El Pais, a Spanish paper, explains the dramatic fall of the IBEX index by the discovery that also the statistics of Hungary had been falsified, that there is an “alarming number of skeletons” and that Hungary's fall may cause a crisis as did Greece's collapse.
I must remind myself that published statistics are lies. Always were, since the Soviet Union's Five Year's Plan. I should search for unfalsifiable statistics and evaluate the real economic situation by the sales of aspirin. That is, more sales, more headaches. Old Argentines will remember that publicity for Geniol, the commercial name of aspirin. It was very popular in my times.
2 comments:
In Peter Brimelow's twenty year old article on the Israeli economy he quoted an Israeli who believed that Israel's economy was 10-20% larger than was reported. Do you believe this is still true?
We have much foreign investments. I use "we" in the royal sense, not the personal, "J", sense.
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