Government Estimates
One of the services that government provides markets is statistical information. Virtually every government agency produces reams of statistics for people to chew on. The Bureau of Labor and Statistics...
View ArticleManaging Expectations; We Are Still in a Hole
Unemployment out today. At the beginning of this week, the expectation for non farm payrolls was 110,000. By midweek, it had dropped to 85,000. Yesterday it was adjusted down to 50,000. It came out at...
View ArticleGovernment Reports, Market Volatility and Big Government
It occurred to me after reading this short blurb in Pork Network that government reports cost a lot more than they are worth. Rarely are government numbers actually correct. Think about it....
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