There's an old saying in the world of computers and data: "garbage in, garbage out." In other words if the data you enter into a program is corrupt or unreliable, don't rely on the output! And yet when it comes to China, it appears too much confidence is placed by Wall Steet and others in "official reports:"
New York Times: "As the Chinese economy continues to sputter, prominent corporate executives in China and Western economists say there is evidence that local and provincial officials are falsifying economic statistics to disguise the true depth of the troubles. . . . "
The Big Picture
Financial Crisis - The Telegraph
JohnTheCrowd.com | The Sailing Website
Craig Newmark - craigconnects
- ► 2015 (131)
- ► 2014 (368)
- ► 2013 (380)
- America Not the Greatest Country Any Longer? (video)
- Google Moves Motorola Mobility to Chicago
- Election 2012 -- all bets are off
- Barney Frank vs. Maria Bartiromo on CNBC, July 26th
- Copyright Trolls and Counter-suits
- Meet the Internet Association
- SkyDrive account suspensions
- Penn State: what's next?
- Marissa and Yahoo--it was meant to be
- Big-time College Sports--a sick culture
- IMF predicts slower economic growth for world (video)
- The "creative pause"
- London -- World Class City (video)
- London - Economist Special Report
- Yahoo Appoints Marissa Mayer CEO
- Obama: 'If you’ve got a business -- you didn’t bui...
- Designing 007: Fifty Years of Bond Style
- Obama Running A Very Ugly Campaign
- Japan - the 'Mother of All Bubbles'
- Anti-foreclosure Laws and Unintended Consequences
- BlackBerry’s Latest Delay Could Lead to Lawsuits
- A Tale of Three Nations: Ireland, Estonia, Iceland
- UN Law of the Sea Treaty - a "must do"
- Don't tell Ireland and Greece, but Iceland is doin...
- The economy? Slippin' and Slidin'
- Apple Gets Sued Again in China
- Google has always been a "hardware maker"
- Declaration of Internet Freedom
- BIS Annual Report 2011/2012 -- a "must read"
- Paul Krugman's Follies?
- China: Garbage In; Garbage Out
- I have something he will never have
- ▼ July (32)