*****IT'S OFFICIAL NOW: THE DATA IS SKEWED*****
If you thought so you were labeled a CONSPIRACY THEORIST
SEVERAL SOURCES OF TROUBLE IN THE DATA...
DATA NEEDS TO BE REVISED...
Bureau of Economic Analysis is "AWARE OF ISSUES"
FROM CNBC:
The government agency charged with calculating the nation's growth rate is acknowledging problems with its numbers and pledging a series of fixes over the next several months.
In a statement to CNBC, the Bureau of Economic Analysis said it's "aware of issues" in it gross domestic product data and "is developing methods to address what it has found."
The BEA statement comes after CNBC, in a detailed report in April, showed that first-quarter GDP data have been weaker than the other three quarters for the past 30 years and substantially weaker in the past five.
WE HAVE A TEAM WORKING ON IT! :-)
And now things are going to get interesting for the markets as investors are given information that the FED has been going by nothing but B.S. from the BLS and other data. How this translates into the market action is going to be seen now. Will the algorithms be able to handle this? Will investors still have faith in skewed data?
...developing...
