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I've commented here on the US cooking economic numbers before, though i haven't attempted a compilation. But just a few days ago the latest job numbers were released, showing an increase in jobs (Bloomberg article).  Little noticed was a sentence revising the previous month downwards.  the market reacted with gusto, but i couldn't help thinking it was but another example of statistical manipulation.  swear i've seen that often.

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin
by Crazy Horse on Thu Jul 31st, 2008 at 12:31:03 PM EST
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There have been periodic wry comments in Barron's about the "adjustments" that are made to the data.  No helpful adjustment is ever abandoned just because the reason for its existence is no longer valid.  Bruce could comment more specifically, should he so choose.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Jul 31st, 2008 at 02:42:36 PM EST
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