Thursday, May 22, 2025

#Economy & #Stocks Review - Ego Blinds You

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.

Subscriber Comments

Ego Blinds You

Most people initially reject the Matrix primarily because it challenges their ego. They prefer to believe that markets are manipulated by politicians, the Federal Reserve, or shadowy groups like the Rothschilds. It's more comforting to accept these narratives than to grapple with the concept of the invisible hand. Yet, it's the invisible hand that truly shapes outcomes in markets. Only the minority understands how to follow its lead. We'll teach you how.

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