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Conflicting data in news.

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Conflicting data in news.

Unread postby Dukat_Reloaded » Fri 21 Oct 2005, 01:32:58

I've been racking over the international news today and I have found some conflicting news which may suggest things are not right.

Both items were published today from the same sources, infact they came into my newsfeed one after the other in sequence.

$this->bbcode_second_pass_quote('', 'L')ONDON (Reuters) - Retail sales rose at more than twice the expected rate in September, allaying fears of a sharp consumer slowdown and denting expectations of further Bank of England interest rate cuts.

Webpage Title

$this->bbcode_second_pass_quote('', 'L')ONDON (Reuters) - People have got back into the savings habit, banks and building societies said on Thursday.

Webpage Title

$this->bbcode_second_pass_quote('', 'L')ONDON (Reuters) - Underlying mortgage lending saw its biggest rise in nine months in September, the British Bankers' Association said on Thursday, further evidence that the property market is stabilising.

Webpage Title

What does that mean? People are spending more, saving more and borrowing more????. Very strange, if those figures are true, then the government must be printing loads of money and just giving it out to people. Big time inflation is happening.
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Re: Conflicting data in news.

Unread postby OilsNotWell » Fri 21 Oct 2005, 01:37:03

People have started borrowing to save more so they can spend more. :wink:
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Re: Conflicting data in news.

Unread postby Doly » Fri 21 Oct 2005, 05:13:48

$this->bbcode_second_pass_quote('dukat', 'P')eople are spending more, saving more and borrowing more????.


Are their salaries getting any bigger? Any news about that?
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Re: Conflicting data in news.

Unread postby bobcousins » Fri 21 Oct 2005, 10:09:51

$this->bbcode_second_pass_quote('dukat', 'I')'ve been raking over the international news today and I have found some conflicting news which may suggest things are not right.


Reuters are just passing on Press Releases. So yeah, if you accept PR as news then you will end up believing things that aren't true...

LONDON (Reuters) - Interest in bobcousins related posts soared 141% above analysts expectations last quarter. "We are really seeing a resurgence in bobcousins, and I think this trend will continue into the next fiscal period", said a representative for The bobcousins Association.
It's all downhill from here
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Re: Conflicting data in news.

Unread postby will » Fri 21 Oct 2005, 15:00:28

Does that mean I should buy or sell my bobcousins?

I'm so confused.
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Re: Conflicting data in news.

Unread postby aahala » Fri 21 Oct 2005, 17:32:44

$this->bbcode_second_pass_quote('bobcousins', '')$this->bbcode_second_pass_quote('dukat', 'I')'ve been raking over the international news today and I have found some conflicting news which may suggest things are not right.


Reuters are just passing on Press Releases. So yeah, if you accept PR as news then you will end up believing things that aren't true...

LONDON (Reuters) - Interest in bobcousins related posts soared 141% above analysts expectations last quarter. "We are really seeing a resurgence in bobcousins, and I think this trend will continue into the next fiscal period", said a representative for The bobcousins Association.

Yes I agree the above may not be true. It was interest in bobcousins
unrelated posts that soared above expectations, or the expectations or
the actual number of unrelated posts concerning bobcousins posts,
whether related or not. :P
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Re: Conflicting data in news.

Unread postby airstrip1 » Fri 21 Oct 2005, 18:59:36

The main thing to remember about financial news is that anything genuinely meaningful or useful is rarely made public. Information of true worth has be carefully sifted out of a mountain of dross. Given the tidal wave of drivel that the media generate in this area it is not surprising that most people end up just ignoring it.
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