The old wisdom about how to lie with statistics came rushing back, as we dug ever deeper into the mess of data and its hidden implications, many of which flipped the preferred narrative on its head. As time went on, we discovered ever more.
The data did not show that closures controlled the virus at all.
It's the same with factory orders: official data measures increased prices, not more orders.
What if all these numbers were adjusted by a realistic figure on inflation? The Messes Are So Many The post-lockdown jobs data has been a consistent mess.
The household data shows a large loss in full-time jobs while the establishment data seems to be double and triple-counting to yield consistent increases in jobs.
What would a more accurate inflation number do to income data? Is it really up or might it be dramatically down? Using official data, it is largely flat of course but what if we adjust for the actual prices people are paying? Household income might have been utterly crushed over four years, precisely as you suspect.
The Proposed Study The study we are hoping to conduct would adjust all data for inflation, retail sales, factory orders, jobs, GDP, and income, and map out three possible scenarios: best case, medium case, and worst case, while showing all our work so it can be checked and disputed by anyone.
https://app.getresponse.com/view.html?x=a62b&m=BRc7Mg&mc=IQ&s=BFx1kTe&u=tdPBh&z=E9LZzKo&
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