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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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