Ranchr

Nothing Suggests We're Anywhere Near the Bottom

Lies, damn lies, statistics!

For this discussion, unlike accounting and engineering, the goal of which is to seek precise numbers and measurements, statistics is about interpreting historic data to determine the direction and velocity of movement, and if the direction and velocity is steady, accelerating, or decelerating and how quickly it is changing to hopefully be able to make a thoughtful projection of future movements.

In other words, it's a art form.

I lived in California, when it was the sixth largest free-standing economy in the world. They always pull that one out to prove something. Better call Arnold and give him the bad news.

Faced with shortfalls in property taxes, states like Florida and it's local governments are raising sales taxes is someone going to claim that a 1 cent increase in the 5 cent sales tax, when it tacks effect June 1st, will mean people are buying more or simply being taxed more.