Most economist base their assumptions on data the get from government. Unfortunately government data is wrong and misleading' Take the unemployment figures that thus government puts out (put on a happy face). Assuming that most of the numbers that the government gives out are correct, just ten percent would mess the whole kitten kabudal up. It could even be less to throw things off. I don't understand how anybody would take as the darn honest truth with the words season adjusted in it.
I don't even understand how so many people take as the truth birth, death model assumptions in job creations, especially when we have a much more accurate 3 month later in withholding tax report( perhaps it just the fact we live in an instant society). The way jobs are created in this country is constantly changing.
It appears all economist left, right and in between take government stats to bulk up their arguments.
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