I am not an economist but I get to play one with my charts. I don’t spend my time pouring over economic data as it is released. For the most part, except for the leading economic indicators, the data in an economic release is fairly stale by the time we see it or read about it. At the same time, it is often misunderstood. Take the GDP report that was recently released for the third quarter here in the US. The reported number was 33% growth. It is completely misleading. The Committee for a Responsible Federal Budget had this to say about the most recent report:
Paying Attention to the Value Names
Paying Attention to the Value Names
Paying Attention to the Value Names
I am not an economist but I get to play one with my charts. I don’t spend my time pouring over economic data as it is released. For the most part, except for the leading economic indicators, the data in an economic release is fairly stale by the time we see it or read about it. At the same time, it is often misunderstood. Take the GDP report that was recently released for the third quarter here in the US. The reported number was 33% growth. It is completely misleading. The Committee for a Responsible Federal Budget had this to say about the most recent report: