monday1929

DB Chief Risk Officer: We're in the Middle of the Crisis Still

If you do not understand how the govt manipulates statistics, you do deserve the govt. you get, and the investment returns too.
At what point will you believe we are in a Depression, 10 years after it is over when the govt. "revisions" catch up?


On Mar 31 02:14 PM Vox Rationalis (aka BS Detector) wrote:

> "Zero Hedge would be willing to bet that at least 5 of these data
> points will likely receive some peculiar fudging, resulting in totally
> unexpected upside surprises..."
>
> Looks like one for the loss column.
>
> By the way, did you bother to look at the durable goods order data
> that seems to form the basis for your conspiracy theory about seasonal
> data adjustment? The seasonally-adjusted growth in new orders from
> January to February was 3.4%. The base number, which is adjusted
> for calendar days? 3.2%.
>
> Excuse me if I'm unimpressed by your theory.