#Economy & #Stocks Review - Consumer Confidence Continues To Fall

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

Consumer Confidence Continues To Fall

The majority believes the President, Fed Chairman, and other pull all the strings in the economy. The majority; therefore, never gets timing right. Kevin Hassett, a top PR economist for the Administration, spins low consumer sentiment as positive for Trump.

“Trump has sort of taken every problem on Earth and gone 100% at fixing it. And I think that that can be stressful for people to see so much change going on”.

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