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View Diary: Don't Cry for Greece, Argentina (87 comments)

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  •  are you buying (1+ / 0-)
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    miningcityguy

    your facts at the corner store?

    Greece lied to get into the Euro. It has been fudging its numbers ever since.

    No, it did not. Former PM Simitis explained all this in a recent op-ed in LeMonde.

    75% of Greeks receive a paycheck. Those paychecks are brutally taxed before any worker gets to put a single penny in their pockets.

    Using anecdotal evidence is so reality-based...!

    •  The problem (0+ / 0-)

      The problem is that facts are hard to get (the numbers are/were fudged) so I have to look at anecdotal evidence from what I read, from my Greek friends, and from time spent in Greece.

      In the same way I do not trust a single number coming out of China. I have been there and seen how the economy operates. It's a mess.

      As a rule I want facts and hard numbers, but if these numbers are made-up they are of no use (as an accountant I know how to make numbers up as well).

      "I can live with doubt and uncertainty and not knowing. I think it's much more interesting to live not knowing than to have answers which might be wrong". Feynman

      by taonow on Fri Nov 18, 2011 at 01:42:48 PM PST

      [ Parent ]

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