statistical revisions

Entirely Too Flimsy

For such an important set of data, the PCE stuff continues to suggest a whole lot of capriciousness. There has been a tendency to drastically revise figures such that they change not in the small ways regular revisions are supposed to produce. The whole purpose of especially benchmark revisions is to calculate a more accurate number. In the past few [...]

It’s Not What You Think When They Have to Totally Reconfigure The Savings Rate

By Jeffrey P. Snider|2014-12-23T16:20:04-05:00December 23rd, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

There is a lot to say about the latest GDP revisions, particularly as it relates to the breakdown of the measure in comparison with something besides itself. The headline was all that was needed to “confirm” the best economic growth in decades, though. “There is a positive feedback loop going on at the moment,” Mike Jakeman, global analyst for the [...]

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