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To: LLCF who wrote (97042)4/21/2001 6:14:03 AM
From: Ilaine  Read Replies (1) | Respond to of 436258
 
Oh. Ok. Census Bureau data is bad. The Grandfather page is good. Got it.



To: LLCF who wrote (97042)4/21/2001 7:31:46 AM
From: Ilaine  Read Replies (1) | Respond to of 436258
 
I was going to let this drop because I can see I am beating my head against a brick wall, but after mulling it over, I am going to say anyway. You don't think data from the Census Bureau is as reliable as the data Skeet linked.

Skeet's source was the Grandfather page.

The source the Grandfather used was the National Association of Home Builders.

Guess where the National Association of Home Builders got their data? The Census Bureau. That's right. Them and HUD, the Department of Housing and Urban Development's monthly survey on new construction. The Census Bureau publishes the data monthly. If you think all they do is the decennial census, you're wrong. The Census Bureau, HUD, the Bureau of Labor Statistics, the Bureau of Economic Analysis, are constantly producing data. I am not aware of any source of statistical information about the US that doesn't come from the US government. If you read a statistic about the US economy it came from the US government.

When I link data from the Federal Reserve, some bright guy will always say something nasty about the Fed's reliability as a data source. Guess where all the data about the US economy that Heinz repeats from the gold bug pages and Magner repeats from Richenbacher comes from? The Federal Reserve. You can go directly to the source, like I do, or you can get it third hand.

If you prefer to get it from the Wall Street Journal or Barron's, well, fine, but they get their data about the US economy and monetary system from the US government, too.

If you prefer to get it third hand, and think it's more reliable because some gold bug or Grandfather vouched for it, then you're dreaming. It all comes from the US government. It's no more or less reliable than that.

I should mention that you can get information about a specific industry from industry specific associations, which is no more or less reliable than the methods they use, which can vary. Some are fairly reliable, like the National Association of Realtors, and, yes, the National Association of Home Builders - as long as you understand the limitations of the source.

No matter what, it's just statistics. It's always going to be an approximation.

I'm not going to argue about it anymore. Not with you, not with Skeets, not with anyone. It's a complete and utter waste of my time.