Home » Posts tagged 'statistics' (Page 2)
Tag Archives: statistics
Here’s The Proof: How The CPI Is Underrepresenting Food Inflation By 40%
Here’s The Proof: How The CPI Is Underrepresenting Food Inflation By 40% The “muzzle” on reported inflation has policymakers and analysts perplexed. As Joseph Carson, former director of economic research at Alliance Bernstein writes in his follow up to a “New Working Theory on Inflation“, numerous economic explanations and theories have been offered, and policymakers […]
The Crash In US Economic Fundamentals Is Accelerating
The Crash In US Economic Fundamentals Is Accelerating When looking at the health of an economic system it is impossible to gauge growth or stability by only taking two or three indicators into account. The problem is, this is exactly what central banks and governments tend to do. In fact, governments and central banks wildly […]
Importance of Model Building in Economics
IMPORTANCE OF MODEL BUILDING IN ECONOMICS In the natural sciences, a laboratory experiment can isolate various elements and their movements. There is no equivalent in the discipline of economics. The employment of model building is an attempt to produce a laboratory where controlled experiments can be conducted. The idea of having such a laboratory is […]
“Everything Is Fake”: Ex-Reddit CEO Confirms Internet Traffic Metrics Are Bullshit
“Everything Is Fake”: Ex-Reddit CEO Confirms Internet Traffic Metrics Are Bullshit “It’s all true: Everything is fake,” tweeted Former Reddit CEO Ellen Pao regarding a Wednesday New York Magazine article which reveals that internet traffic metrics from some of the largest tech companies are overstated or fabricated. In other words; they’re bullshit. Pao was responding to a tweet […]
Minority Report Comes To Life: UK Police Will Use AI To Prevent Crime
Minority Report Comes To Life: UK Police Will Use AI To Prevent Crime With increasing availability of information and new technologies, West Midlands Police in the metropolitan county of West Midlands in England, has taken a page from the 2002 American neo-noir science fiction film, Minority Report, and will soon deploy artificial intelligence to stop crime before it […]
Western Media Make One Death a Tragedy, Millions a Statistic
Western Media Make One Death a Tragedy, Millions a Statistic The Western media coverage devoted to the murdered Saudi journalist Jamal Khashoggi proves the cynical adage that one person’s death is a tragedy, while millions of deaths are a mere statistic. During the past four weeks since Khashoggi went missing at the Saudi consulate in […]
Lies, Damn Lies & Statistics: How the US Weaponizes Them to Accuse China of Debt Trap Diplomacy
Lies, Damn Lies & Statistics: How the US Weaponizes Them to Accuse China of Debt Trap Diplomacy With China and Russia named as the two greatest threats to continuing American hegemony end of last year, the velvet gloves have come off the Washington establishment, baring their knuckles against the Middle Kingdom in plain view of […]
We Should Ditch GDP as a Measure of Economic Activity
WE SHOULD DITCH GDP AS A MEASURE OF ECONOMIC ACTIVITY This article exposes the false economic concepts behind GDP, which is only the visible tip of a large iceberg of economic deceit. Describing an increase in GDP as economic growth owes its meagre validity to imprecise definition. An economy does not grow, only the quantity […]
Strong GDP Data and Individuals’ Wellbeing
STRONG GDP DATA AND INDIVIDUALS’ WELLBEING In the New York Times September 14 2018 in an article – We’re Measuring The Economy All Wrong, the writer of the article David Leonhardt complains that despite strong gross domestic product data (GDP) most people don’t feel it. The writer of the article argues that, The trouble is […]
The Employment Report Has Become Orwellian In The Extreme
The Employment Report Has Become Orwellian In The Extreme “Today’s job numbers might be the biggest disaster I’ve ever seen reported. This Fall could get real ugly real fast. The deterioration of the participation rate is so big it makes me suspicious of earlier numbers.” – John Titus, producer of Best Evidencevideos. Titus goes on […]
Erasing Flint’s Water Crisis: Or How to Lie With Statistics
Erasing Flint’s Water Crisis: Or How to Lie With Statistics Photo by Pete Souza | CC BY 2.0 Mark Twain famously wrote that “there are three kinds of lies: lies, damned lies, and statistics.” This insight is relevant to examining the apologetics of modern-day academics in the rising neoliberal assault on the public. This subservience […]
A Made In Canada Recession Story!
A Made In Canada Recession Story! The Canadian economy lost 7,500 jobs last month (May), and unemployment was still at 5.8%. This, despite analyst forecasts that the country would likely add roughly 22,000 jobs to the economy. Rewind to the previous monthly jobs report (April). Analysts had predicted that we would add approximately 20,000 jobs […]
Chasing the Wind
Chasing the Wind Futility with Purpose Plebeians generally ignore the tact of their economic central planners. They care more that their meatloaf is hot and their suds are cold, than about any plans being hatched in the capital city. Nonetheless, the central planners know an angry mob, with torches and pitchforks, are only a few […]
Is the U.S. in a depression? (How John Williams became America’s most important statistician)
Is the U.S. in a depression? (How John Williams became America’s most important statistician) America’s economy has been progressing steadily. First quarter real GDP growth came in 2.2%. The official unemployment rate is 3.8%. Inflation, according to the Fed’s preferred measure is 2%. But how accurate are those numbers? “Nonsensical,” says John Williams, founder of […]
Hiding the Real Number of Unemployed
Hiding the Real Number of Unemployed Photo by James Lee | CC BY 2.0 Your government believes that exhausting your unemployment benefits is a cause for celebration — because you are no longer unemployed! Huh? Well, there is a slight of hand here. Only working people who are receiving unemployment benefits are counted as “unemployed” […]
