Tuesday, March 16, 2021

US #Economic Review #GDP #Stocks #Investing

Economy Review
Much of today's economic data, time series centralized collected and produced, are highly unreliable. Statisticians employ well-documented techniques such as geometric smoothing, seasonal adjustments, substitution, double counting, and hedonics to adjust outcomes of economic time series as far back as the 1980’s. As long as the public accepts the description of the economic backdrop by this data, and assumes politicians and central bankers are fully responsible for setting direction of them, the drive to massage, spin, and/or manufacture data driven outcomes remains high. Administrations as far back as the 1980’s have utilized heavily modified and revised economic data for political gain.

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.

Subscriber Comments



Discussions about taxation, revenue collection represent only one facet of economic activity. Economic activity is a dynamic force that’s a function of taxation, spending, confidence, interest rates, plus numerous others. These facts, often described independently yet highly interconnected, are captured by the Economic Activity Composite (EAC). The EAC is located from lines 97 to 108 in the Trends tab of the Matrix. Let’s talk about taxation and it role in defining economic acceleration.



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