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Poor and StupidHow big government, big business, big media and big academia block your road to financial freedom- and tell you it's for your own good. |
Everything Revised But Bias
Posted on 10/10/2007 13:55:44 | Link | Post Comment
From Barrons:
Revision was the watchword in the September jobs report. For August, the Bureau of Labor Statistics reported a statistically insignificant decline of 4,000 in non-farm payrolls, prompting the New York Times to run the headline, "Unexpected Loss of Jobs Raises Risk of Recession." Not for the first time, and probably not for the last, the loss of 4,000 has now been revised to a gain of 89,000. Imagine the corrected headline: "Unexpected Upward Revision in Jobs Raises Risk of No Recession."Thanks to our monetary affairs correspondent "Irrational Exuberance" for the link.
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Examples
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Made several great trades today. Traded the QID, QQ [read more]
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