Tuesday, September 20, 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.

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Do central banks have inflation under control?

It doesn't matter what the Consumer Price Index (CPI) or Producer Price Index (PPI) saying, they're not real-time or real. CPI, for example, significantly understates real inflation to the point of comical absurdity. We follow neither index.

Follow the money!

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