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To: MythMan who wrote (395709)	10/12/2009 2:26:41 PM
From: fred woodall	Read Replies (1) \| Respond to of 436258

Quick the Dow just went into the red. Fire up the servers and get Goldman on the phone. We got to get this market back in the green and quick before the sheep catch on. DJ Treasury's Krueger: Crisis Exposed Weaknesses In Economic Data -------------------------------------------------------------------------------- Mon Oct 12 14:26:50 2009 EDT ST. LOUIS (Dow Jones)--The U.S. recession has exposed weaknesses in the data and statistics that policymakers use to craft public policy, a top Treasury Department official said Monday. "The economic crisis has given an unintended stress test of our economic and financial indicators," Treasury Assistant Secretary for Economic Policy Alan Krueger said in a speech to the National Association for Business Economics annual meeting. Krueger said a key lesson from the meltdown of the last year will be to improve the way statistics are produced to help avoid another crisis. The most important data problem highlighted by the recent crisis: a near-complete lack of information on a number of critical variables, Krueger said. He pointed to a lack of detailed data on hedge fund positions, on the interconnectedness of financial institutions and on mortgage refinancing activity.