6/13/2023 0 Comments Lunacy fringe the used![]() You need a lot of assumptions to be correct to be close to achieving “near miss” status for economics forecasts. ![]() ![]() Sometimes the basis for seasonal patterns gets disrupted or fundamentally altered and it takes awhile for seasonal adjustments to more appropriately adjust. Seasonal data is a good example of statistics changing as new actual data is added. When actual/newer data become available the statistics can change and forecasts can look foolish. That’s the funny thing about statistics and forecasts. Does that mean the forecasters were mistaken? Some would rather think it shows the statistics are being faked.” Norris’ article: “All those forecasts turned out to be wrong. If that is not an allegation of falsifying data, I do not know what is.ġ55 thoughts on “ Lunatic Fringe Alert: Government Statistics Edition”įrom Mr. The whole reason the numbers are manipulated is to the will be “more normal” but who decides what is normal? In the government political bureaucrats who know their jobs depend on pleasing the politically connected. Here is a snippet of DickF‘s comment:Īlso any time numbers are manipulated by government there is a political element involved. Update, 11/9, 8AM Pacific: I am reminded that 5 years ago, Ricardo in his DickF incarnation showed up in a similar context, in this post. What series would Ricardo want reported before he didn’t accuse the government of suppressing the truth? I downloaded on FRED just a few, before I got tired, and here are the unemployment rates. Update, 11/8 11:40AM Pacific: Ricardo states the government is falsifying the data. If the secret government was really serious about falsifying the data to make it look better, they could for sure do a better job…īut seriously, how can economic discourse proceed if all the inconvenient data are disbelieved? Fortunately, Floyd Norris is on the case, as is Paul Krugman. Policy changes that could actually help are being delayed with false information. …Our government is doing a serious disservice by falsifying the employment condition in our country. Writer(s): Jeph Howard, Quinn S Allman, Robert C Mc Cracken, Branden Lee SteineckertLyrics powered by reader Ricardo (aka Dick/DickF/RicardoZ) writes: ![]() Wake up, my love Never thought you′d make me, break me Now I'm up from below Such a brilliant star you are And will your love keep burning baby Burn a hole right through my eyes All these short times feel like no time I thought you ought to know I′m so far gone now, I been running on empty I'm so far gone now, do you wanna take me on? Do, do you, do you know? Do you know how long I've waited? To look up from below Just to find someone like you? And will your love light burn me baby? Burn a hole right through my heart I think I might just trust you, maybe But I′m not sure I′m not sure I wanna know I'm so far gone now, I been running on empty I′m so far gone now, do you wanna take me high? I'm so far gone now, I been running on empty I′m so far gone now, do you wanna take me on? I think you could make me, girl Could make me and take my life I know you could break me, girl Take all of me all of me, yeah Wake up, my love Never thought you'd make me, break me Now I′m up from below Such a brilliant star you are I'm so far gone now, I been running on empty I'm so far gone now, do you wanna take me high? I′m so far gone now, I been running on empty I′m so far gone now, do you wanna take me on? Do you wanna take me on? ![]()
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