And...they’re trying to manage the bad news: put out a bad number and let the news die down, then later massively revise it down and that revision gets less news coverage. “
This has been happening month after month for the last five years with the unemployment figures.
Yup!
They’ve even tweaked the formula to make it higher over the last few years.
Popular music sucks, Muslims are running wild, folks are worried about climate change, drugs are all the rage... We’re reliving the 1970s except with better television shows.
It would be just fine with me if these alleged “economists” would shut their pie holes until they have a good set of numbers. Preliminary figgers have been totally useless for, oh, I dunno, four or five decades now. I’ve never met anyone who makes bidness decisions based on numbers that are guaranteed to change before you can write your next check.