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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: 1podstock who wrote (91428)7/5/2002 8:57:00 AM
From: LTK007  Read Replies (1) | Respond to of 99280
 
yes, such as revisions downward from last report that were in this report--those downward revisions are common place.Max



To: 1podstock who wrote (91428)7/5/2002 9:01:24 AM
From: samim anbarcioglu  Read Replies (2) | Respond to of 99280
 
1pod <<Nsumir..basically, govt numbers are like company earnings - you fabricate them; then revise downwards later on.>>

Don't even suggest that. You may argue with what exactly they count (this goes for all the gov stats; productivity, cpi, ppi etc) but the integrity of the stat is not compromised. Revisions are caused by some numbers arriving later than the promised release time of the particular stat.


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