Fudging Numbers
There are many reasons to fudge the numbers. We may never know why or by how much. The fact remains however that the numbers are being played with and it is bound to cost us all in the end.
Vern
This from Mish’s Global Economic Trend Analysis
http://globaleconomicanalysis.blogspot.com/
"Home SalesHere is a little "numbers gem" spotted by Calculated Risk.Historically, the National Association of Realtors (NAR) used 11.43 as their Seasonal Adjustment for September. This year they used 11.73.The NAR reported 6,180,000 SAAR.Using 11.43 results in a SAAR of 6,020,000.On that basis sales fell over 16% from 2005.Here is the actual report: September Existing-Home Sales Ease, Setting State for Stable MarketFor Alternate Headlines and additional information see Calculated Risk's posts NAR: Sales Down, Prices Down and NAR Adjustment."
posted by Vern Wichers @ 2:40 AM
1 comments
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