#Economic Report #GDP #Stocks #Investing
Economic Report |
Much of today’s economic data is unreliable. Statisticians employ well-documented techniques such as geometric smoothing, seasonal adjustments, substitution, double counting, and hedonics to adjust outcomes of economic time series as far back as the 1980s. The public accepts mainstream economic narratives, and assumes that politicians and central bankers control them. Administrations as far back as the 1980s have utilized heavily modified and revised economic data for political gain.
Experienced teaches us that data can be whatever it wants to be in the short term. Statistical techniques, tricks to change numbers that get revised by future revisions, help shape public policies.
Subscriber Comments
The Series 1 Economy & Stock Report 10/20/21, a series of videos, discusses trends, cycles, and intermarket flows for the economy and stocks. The Report updated on 07/31/22.
Mainstream media, politicians, and numerous talking heads are debating the definition of a recession. As if this discussion maters to main street America. Meanwhile, the invisible hand is discounting events that the majority does not understand. We, the minority, follow the invisible hand. Our survival depends on it.
The process begins with ignore whatever the majority believes, or what is being told to believe is relevant. The technical definition of a recession does not matter.
Please watch the full update on the report page.
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Source: http://www.edegrootinsights.com/2021/12/economic-report-gdp-stocks-investing.html
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