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overtheedge
Member since May 2012
680 commentaries - 6 followers

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Is the Euro Zone Headed for a Recession? - Philippe Herlin - GoldBroker

Headed for?

But then again, some folks actually believe officially sanctioned statistics.
Just remember, "Statistics are an opinionated interpretation" of dubious quality data.
Evidence? How often are the statistics revised and where are the revisions reported in the newspaper? Perhaps bottom outside corner of page 8 in the business section just below the advert for male enhancement products? How about on the telly? One sentence at the tail end of the broadcast if at all.

Then, of course, many of the so-called statistics are statistically insignificant.
Never mind that future projections have been repeatedly over-estimated, under-estimated or just plain wrong.

A belief system absolutely mandates that all conflicting evidence must be rejected outright. To even discuss it would be contrary to the belief system and force some measure of credibility to it.
Effectively if it isn't believed, it doesn't exist.

Good article. Thanks.

Commented 3542 days ago

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Beginning of the headline :The United States has just announced a 4% (annualised) growth for the second quarter, following a disastrous first quarter showing (finally revised, for the third time, at -2.1% instead of -2.9%). Though this sounds like good news, we should wait for the official revision of this 4% number that looks miraculous... We’ll get back to it. In Europe, on the other hand, the trend is much clearer, going from broken hopes of weak growth to stagnation, and then to the first signs of recession. In Italy... Read More

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