Posts tagged as:

durable goods

On revisions, episode VII

January 24, 2010

Via The Big Picture comes news of a rather substantial revision of numbers from last November: You may recall that consensus for November’s Durable Goods had been +0.5%.  The reported data was lighter than expected at +0.2%. Looking at the revisions the Census Bureau has now incorporated into the data, we see that November actually […]

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On revisions, episode IV (A New Hope?)

May 28, 2009

Durable goods +1.9% vs 0.5%! Durables ex-transportation +0.8% vs -0.3%! Initial jobless claims 5k under expectations! The headlines looked pretty good at 8:30 am, until you took a look at the revisions. Indeed, today's economic numbers serve as yet more examples of creating the false perception of growth by changing the past. Durable goods orders were […]

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Misreading misleading charts

March 26, 2009

This chart caught my eye because it is potentially misleading (click to zoom).  It shows the year-over-year change in hotel occupancy rates, from 2001-2009. My first impression, on viewing the small chart, was that we haven't hit the low of the last recession.  But (as the box very clearly points out) the low of the […]

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