Tuesday, 17 May 2011
Oft repeated sayings sometimes have a long life because they contain an element of truth and on Friday the 13th “There are degrees of falsehood - lies, damn lies and statistics” was taken out for a spin by Mike 'Mish' Shedlock in his Howe Street (U.S.) compilation “Economic Bust in Australia:Near-Record Corporate Bankruptcies, Employment Drops Unexpectedly; Rise in Bad Home Loans;Record Low Property Transactions”.
According to Mish (artistically depicted at right) Australia is in dire straits and everyone is shortly destined for financial hell down under - but no-one has told the Oz Government or most average Aussies who think that the economy is heading in the right direction.
When you look at the numbers used by this American Chicken Little they don’t justify that scaremongering headline.
With investment advisers like Mish, perhaps Sitka Pacific Capital clients should be wary of where their money is being sent.Pic found at Google Images