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 hedonic 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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The
Economy & Stocks (E&S) Report, a series of videos, provide depth to today's review. The E&S Report should be mandatory for all subscribers. 2023 will be a difficult and volatile year. It leads an important transition to 2024. Investors need to be prepared for 2024. That's when the crying starts.
The majority never gets timing right. They're bearish when they should be bullish, and vice versa. This is how the game has been played since the inception of markets. The book,
Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay describers the long history of how the
majority always becomes the bag holder (see book image). Only the minority survives in this game. The Matrix was designed as a tool to help us separate from the majority. Every subscriber will be taught the skills need to separate from the delusions and madness of crowds.
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Has the Fed tamed inflation? The "All-Star" panel parrot the same type of idiocy found on social media. The Fed is going to cut, they say. I've watched these people get forecast after forecast wrong for decades, yet they parade them out to influence the majority.
What's worse, the echo chamber called social media is parroting them as if they provide some real insight. You should be saying, ok, does the invisible hand confirm any of this discussion? This is why we have reports.
Our computer track inflation and inflation expectations. The majority does not understand what's unfolding, so watch them get burned. The next Economy & Stocks Report Update will discuss inflation, timing, and more.
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The Matrix provides market-driven trend, cycles, and intermarket analysis.
