"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat

Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput

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Tuesday, February 22, 2011

Lies, Damn Lies, and Statistics

Check out the following story from Reuters on the housing numbers. I don't know about you, but more and more I question the integrity of nearly all of the data we were getting nowadays.

U.S. housing data may have understated extend of collapse-report

WASHINGTON | Tue Feb 22, 2011 12:22am EST
WASHINGTON Feb 21 (Reuters) - A U.S. housing trade association is examining the possibility that the data it releases underestimated the collapse of the housing industry, the Wall Street Journal reported on Monday.

Read the entire story here:


1 comment:

  1. Dan,

    I am not surprised. I was part of the building trades since 1977 and I am, along with many others I know, out of the business. The company I worked for is gone and all the people I worked with are gone also. A few of the customers I had are still around but they are basically twiddling their thumbs. Sad, sad, sad ... I do miss working ... trying to transform to investing ... thanks for all you do ... listen to you at KWN every week


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