#Economy & #Stocks Review - Putting The Lumber To The Economy

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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The Putting The Lumber To The Economy

Fools following fools might get As in public schools, it will give you a 2x4 (lumber) beating by the invisible hand in the real world.

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