Friday, January 7, 2022

US #Economic Review #GDP #Stocks #Investing

Economy Review
Much of today's official economic data are highly unreliable. Statisticians employ well-documented techniques such as geometric smoothing, seasonal adjustments, substitution, double counting, and hedonics to manage outcomes.  The public remains oblivious to the tricks.  Central planners; therefore, manufacture economic outcomes to support what the public wants to believe. Administrations as far back as the 1980s 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

MSM says the economy is improving. The Economic Activity Composite (Trends Tab Line 99-110) provides a different perspective.

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