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Originally Posted by CoachKandSportsguy
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
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Good post, note fake, but manipulated and massaged to report a flawed and inaccurate statistic that fits the agenda of the entity reporting the statistic. Since the entity compiling and reporting the statistic has an obvious conflict of interest, it would be nice if an independent and objective third party was assigned the responsibility. Unfortunately, that’s not going to happen.