Thursday, August 4, 2011

"Herewith I offer a fundamental law about fundamentals:"

If a government feels a need to proclaim
that its economic fundamentals are strong,
they are not.


Statements by high officials are practically always misleading,
when they are designed to bolster a falling market.


Gerald M. Loeb

Our economy is healthy.

The country is economically and financially solid.

Italian Prime Minister Silvio Berlusconi

We do not believe that there is a threat of a double-dip recession.


White House Spokesman Jay Carney

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