Monday, August 15, 2022

US #Economic Review #GDP #Stocks #Investing

EAC Review
Much of today's economic data, time series officially collected and produced, are highly unreliable. Statisticians employ well-documented techniques such as geometric smoothing, seasonal adjustments, substitution, double counting, and hedonics to adjust economic outcomes as far back as the 1980s. Politicians and central bankers use these techniques for political gain.

Data massaged by statistical techniques (tricks) are revised when nobody is looking, or Administrations or public policies change.

Subscriber Comments

The Series 1 The Economy & Stock 11/05/21, a series of videos, extends the discussion below.

The Fed’s James Bullard expresses confidence that the economy can achieve a ‘soft landing’, CNBC. There's difference between policy communication and journalism. Journals says what needs to be said, while the former manages expectations. The Fed is working double time to reassure us that the US economy is still expanding and will achieve a soft landing. Capital is flowing to the US, and the Fed doesn't want to intensify it.

The invisible hand is not stupid. Propaganda is intended for followers. Public education, in general, creates rule followers rather than critical thinkers. Children embrace the rules as a means of being accepted.

The Matrix is pure journalism. Following the invisible hand is not an agenda but rather the means of survival. Master traders do not listen to narratives. They listen to the invisible hand.

Today's review discusses the economy, long-term trends and cycles, the Fed, and the likelihood that everything will return to normal soon.

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The Matrix provides market-driven trends, cycles, and intermarket analysis.