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Economy Review |
Experienced teaches us that data can be whatever it wants to be in the short term. Statistical techniques, i.e. tricks, are often reversed through data revisions when nobody is looking. Revisions take place when Administrations or Administration’s polices goals change.
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Treasury Secretary Janet Yellen said Sunday the country was still in a “deep hole” with millions of lost jobs but that President Joe Biden’s $1.9 trillion relief plan could generate enough growth to restore full employment by next year, Chicago Tribune.
Those expecting stimulus to return the economy to full employment within a year are likely "Living On A Prayer".
Follow me on Twitter or Facebook for further discussion.
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