#Economy & #Stocks Review - Stagflation Grips Global 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.

Stagflation Grips Global Economy

“Prices consumers pay for a variety of goods and services rose slightly in July, according to the Federal Reserve’s main inflation gauge.”

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