April 5, 2010

David Rosenberg: Here's 7 Economic Stats You Shouldn't Believe - Yahoo! Finance

David Rosenberg: Here's 7 Economic Stats You Shouldn't Believe - Yahoo! Finance

Interesting article and it show's how the PR can really "skew" what is actually not that great of news at all.

This is the best quote for me...

"Consumer confidence (Conference Board version) rose to 52.5 in March and yet again this was treated gleefully on the Street and in the media because it beat the consensus estimate. But here is the reality: in recessions, this confidence index averages out to be 71.0, and in expansions, it averages 102.0. What does that tell you?"

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