As I read this article: http://seekingalpha.com/article/92469-government-statistics-perfecting-the-art-of-mass-deception , I couldn’t contain that question of questions: SO WHAT? I mean, yes, retail investors are spoon fed lies all of the time. That’s nothing new. And journalists tell us about it all of the time. That’s nothing new either. I’m looking for something new – SOLUTIONS!!! Here is my response to the article:
1. As The Sage mentioned, the equities “benchmarks” are not pure averages, but are actively managed to outperform the majority (and, where possible, veil unfavorable realities).
2. The masses (according to the Distribution of Wealth in America) do not have much money, so the above deceit is simple propaganda. As money is heavily worshipped in this country, the line from Marx “religion is the opiate of the masses,” seems appropriate.
3. A good journalist doesn’t just talk about problems; he/she offers potential solutions. All of this rehashed government trash talk is a waste of time due to the absence of sound guidance. Sad thing is, not even the readers here are offering solutions. Maybe I’m in the wrong place.
4. For me, controlling the risk exposure to consumer goods is as simple as learning to keep a garden. In this nation of bread and circuses, the simple labors that avail one of a comprehensive independence are still readily available.