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 1980s. The public accepts the economic narrative, and assumes that politicians and central bankers control it, the drive to massage, spin, and/or control perceptions is high. 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 public policy change.
The $50 Economy & Stock Report 10/20/21, a series of videos, discusses trends, cycles, and intermarket flows for the economy, stocks, and long term cycles. The report was updated on 01/28/22.
Today's update provides an extension to the latest Nasdaq 100 Review.
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