Good analysis but I agree with your last paragraph. There is absolutely no way to verify the authenticity of the data coming from 'government' sources. This is an obvious problem.
Very true. So it is even more important the extent to which one can feel "on the ground" that the situation is improving. It is also interesting that there are increasing doubts and growing dissatisfaction with the quality of many US economic statistics as well, as the surveys seem to become less representative. It's a frustrating paradox: years ago we entered the era of "big data", where more and better data should be the answer to everything, and yet in many cases the quality of data has not improved at all, and in some cases it has worsened...
Good analysis but I agree with your last paragraph. There is absolutely no way to verify the authenticity of the data coming from 'government' sources. This is an obvious problem.
Good analysis but I agree with your last paragraph. There is absolutely no way to verify the authenticity of the data coming from 'government' sources. This is an obvious problem.
Love the comment about the British! :-)
Very true. So it is even more important the extent to which one can feel "on the ground" that the situation is improving. It is also interesting that there are increasing doubts and growing dissatisfaction with the quality of many US economic statistics as well, as the surveys seem to become less representative. It's a frustrating paradox: years ago we entered the era of "big data", where more and better data should be the answer to everything, and yet in many cases the quality of data has not improved at all, and in some cases it has worsened...
Good analysis but I agree with your last paragraph. There is absolutely no way to verify the authenticity of the data coming from 'government' sources. This is an obvious problem.
Love the comment about the British! :-)