Trade Deficit Numbers Falsified

Trade Manipulation Uncovered (in Commerce Department Release of June 9, 2006) - Jun. 12, 2006
The reporting of March's sharp trade improvement appears to have been a deliberate fabrication, aimed at salving the troubled financial markets of the time! Benchmark revisions released along with the monthly April trade data show that the sharp "improvement" in the March trade deficit -- reported at a time of high U.S. dollar and political stress -- was rigged. While it is standard practice by the statistical agencies to adjust pre-benchmark revision reporting to coincide with the benchmarks, such adjustments are made to month-to-month or quarter-to-quarter changes, not to the absolute level. To my knowledge, pre-adjusting the level of a series such as the trade deficit is unprecedented.

http://www.gillespieresearch.com/cgi-bin/bgn/article/id=857

And what a great time for Bush to be heading overseas to help EXPAND free trade.

http://news.yahoo.com/news?tmpl=story&u=/afp/20060615/pl_afp/wtouseu_060615183711

Maybe someday Americans will grab a clue.........

I am beginning to think that this gang will lie even when the truth will do just as well.

:wow:

Trade Deficit Posts Surprising Improvement
Friday June 16, 10:36 am ET
By Martin Crutsinger, AP Economics Writer
Current Account Trade Deficit Posts Unexpectedly Large Improvement !

http://biz.yahoo.com/ap/060616/economy.html?.v=7

Surprising my ass. Yesterday we were told that BushCo cooked the March number and today AP is "surprised" that the first quarter number was better than expected?
What am I missing? Is this the comedy channel?

years ago. When there is bad news, they would, and apparently still are, releasing false "good" numbers, then coming back weeks or months later and issuing "revised" numbers. If private sector accountants and CEO's did this, they'd be hitting the "don't drop the soap" showers along with Kenny Boy.