Misuse of Data Part Deux: Redux


Fixing the Economists Article of the Week

by Philip Pilkington

Okay, so there's been a bit of a misunderstanding regarding my previous post on Catalan's misuse of data. Some of this is likely squirming but some may be due to my own presentation. So, let's run through this in order to be crystal clear.


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What We Read Today 08 October 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

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 more features, analysis, studies, and news published in the last week

Documentary Of The Week: Sacrifice At Pearl Harbor BBC, 1989

Written by John Lounsbury

Econintersect: This BBC documentary details U.S. foreknowledge of Japan's attack on Pearl Harbor. Much more evidence has come to light since the 1989 - when this film was put together. There is a lengthy review of what has been published about Pearl Harbor at Wikipedia: Pearl Harbor advance-knowledge conspiracy theory.


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Infographic Of The Day: Are Work At Home Jobs An Opportunity Or A Scam?

Companies have been training people for real work-at-home careers for years.

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Video of the Day:

The universe is unbelievably big – trillions of stars and even more planets. Soo… there just has to be life out there, right? But where is it? Why don’t we see any aliens? Where are they? And more importantly, what does this tell us about our own fate in this gigantic and scary universe?

video of day picture

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 more investing, markets, precious metals & forex Technical Summary 08 October 2015

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The Status Quo Has No Plan B

Why Has Labor's Share of GDP Declined for 40 Years?

by Charles Hugh Smith, Of Two Minds

This long-term erosion of earned income and household finances does not enable 'growth' that is based on rising spending and borrowing.


 USA economy at a glance (boxed items are updates in last 7 days)

17 September 2015 FOMC Meeting Minutes: The Deer In the Headlights - When To Raise the Federal Funds Rate.

Fed-sealSMALLThe 17 September 2015 meeting statement presented the actions taken. This post covers the economic discussion during this FOMC meeting between the members (minutes were released today). There was a significant amount of discussion when to raise the federal funds rate: The quote of these minutes was:

... most participants continued to anticipate that, based on their assessment of current economic conditions and their outlook for economic activity, the labor market, and inflation, the conditions for policy firming had been met or would likely be met by the end of the year. However, some participants judged that the downside risks to the outlook for economic growth and inflation had increased .....

The last few paragraphs below discuss in detail the "deer in the headlights" situation of when to begin to raise the federal funds rate.

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