"Most of us aren't professional forecasters. What should we make of the cacophony of monthly and weekly data? The obvious advice is to focus on trends and ignore the noise. But the most important economic moments come when trends reverse — when what appears to be noise is really a sign that the world has changed. Which is why, in these uncertain times, we jump whenever a new economic number comes out. Even one that will be revised in a month." When Economic Indicators Aren't Worth That Much By Justin Fox
"Most of us aren't professional forecasters. What should we make of the cacophony of monthly and weekly data? The obvious advice is to focus on trends and ignore the noise. But the most important economic moments come when trends reverse — when what appears to be noise is really a sign that the world has changed. Which is why, in these uncertain times, we jump whenever a new economic number comes out. Even one that will be revised in a month."
ReplyDeleteWhen Economic Indicators Aren't Worth That Much
By Justin Fox
Read more: http://www.time.com/time/magazine/article/0,9171,1955598,00.html#ixzz0wQj7z027
Read more: http://www.time.com/time/magazine/article/0,9171,1955598,00.html#ixzz0wQiTCuEi