#Economy & #Stocks Review - US Consumer Is Feeling The Pain of Stagflation

E&S Review

Much of today's economic data, including officially collected and produced time series, is highly unreliable. Statisticians use well-documented techniques such as geometric smoothing, seasonal adjustments, substitution, double counting, and hedonic adjustments to modify economic outcomes dating back to the 1980s. Politicians and central bankers often leverage these techniques for political gain.

Data manipulated by these statistical methods are frequently revised without clear notification to the public, especially when administrations or public policies change.

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US Consumer Is Feeling The Pain of Stagflation

The mighty US consumer is "in good shape" even in the face of economic uncertainty amid President Donald Trump's policy shifts, the boss of a credit card giant said on Tuesday.

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The invisible hand doesn't agree.

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