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Giuliano Giacaglia
@giu
"There are 3 kinds of lies: lies, damned lies, and statistics." The BLS today released a lower than expected PPI. In it, the BLS stated that prices for gasoline decreased 3.6 percent even though prices are up 6.3% more. This is not the first time this kind of "mistake" happens
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Giuliano Giacaglia
@giu
In the past year, the BLS has released strong payroll numbers and later on has revised it lower for EVERY single month it has released the data. The latest payroll numbers are a 6-sigma event based on the forecasts.
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Ben 🟪
@benersing
Got to love an election year! Pretty sure we both called this one months ago lol
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Marius Scurtescu
@marius
There are 4 kinds actually: lies, damned lies, statistics, and computer models
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Mitchell C
@macroguy
It's hedonistic adjustments. Cars are getting more efficient and the mpg, getting better. Hence even with a real 6.3% increase in gas prices, the "savings" you made driving more efficient cars is 3.6%. They do the same for computer processing power too, charlatans.
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Njal 📰🎙️
@cryptonjal
It's YoY not MoM, so -3.6 % for gasoline seems quite accurate
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Matthew Proffitt
@fintechproffitt
Oh buddy, don't get me started. Fiat is down SO FUCKING BAD rn.
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Melorin
@melorin1074
👌
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Irohcrypto 🍖🧾🎭✨
@xbased
5 $degen
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