Quote:
Originally Posted by Haggar
Is it the the reporting that is fake or is it the stories they report on that are fake?
|
not sure to exactly what you are referring, but as far as the BLS, Bureau of Labor statistics is concerned, their data is what the FR makes its decisions, but the data has many obvious flaws, and changes downwards to slow the reference rate of annual increases, such as to seniors and other contractual payments over time.
So fake is a hyperbolic description, but for financial data, I would say well documented flawed and inaccurate. The most glaring is the recent change in the calculation of the inflationary rate of insurance, which when restated, reported that the cost of insurance went down year over year in a huge way. . .
And the birth death rate adjustment in labor force participation is an assumption to explain the assumption of the unreported, which also causes issues when all else is stable. . .
good luck