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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:
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To: Return to Sender who wrote (3678)9/25/2014 1:51:04 PM
From: The Ox  Read Replies (1) of 8288
 
Yes, I'm always skeptical of the numbers being produced. I'm not as much on the conspiracy side as I view numbers from almost anyone with a degree of concern. A CFO or CEO may not even realize they are "massaging" the numbers to their own advantage, as they are way too busy "drinking the Koolaid". This will lead to blinders or them not realizing what they've done was flat out wrong.

Auditors are supposed to catch this and often don't until someone on the outside, who has a "fresh" perspective, point out the failure.

When it comes to government stats, even more concern should be raised and most people fail to take the data in "context". The market's participants are notorious for "act first, question later". Clearly, these numbers are constantly revised and should be taken within that context, expect revisions that are often substantial.

As to who's benefiting from the numbers, well, that aspect will most likely never change. Like the company who sees things one way when the should see them another, hard to expect the government not to be susceptible to the exact same thing (let alone, an outright rigging for their political purpose).
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