News / QQQTrades.Club
Economic Data Could Be Miss Leading
Economic Data Could Be Miss Leading
September 5, 2023
"Don't believe the hype" - Public Enemy
It seems that every week there is some sort of government economic data that is released. Many of the major news outlets focus on each piece of data, as if it was the beginning or ending of the world.
What I am wondering is the data truly accurate? Data is accumulation from surveys. The accuracy of the economic reports we see lies heavily in the data. Recently, the JOLT report came out, which is job openings and labor turnover survey. The Federal Reserve, uses this to make decisions about interest rates. Low response to the surveys can cause the Federal Reserve to be misled, especially when raising interest rates.
The Federal Reserve’s data they are using is most likely in accurate. With a low participation rate in surveys along with other government agencies that compile economic data, we all could be misled.
I personally believe that what we see from these economic data points is not truly representing what is happening in our US economy as well as the global economy. If you consider the number of bankruptcies, credit card delinquency rates and default rates, it becomes obvious that individuals and families as well as corporations are under financial stress. Yet the Federal Reserve intends to continues to raise federal funds rate.
Share this article:
More in QQQTrades.Club:
Hedge funds and banks typically use multiple time frames for intraday trading
Hedge funds and banks typically use multiple time frames for intraday trading, as this allows them to gain a comprehensive...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
August 30, 2024
Nvidia Earnings Call: A Record Quarter with a Twist
Nvidia’s Q2 earnings call was a mixed bag, with the company reporting a record quarter but also revealing a drop...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 29, 2024
Nvidia Earnings: A Critical Moment for Big Tech
As we approach Nvidia’s earnings report, the tech world holds its breath. This isn’t just about one company’s performance; it’s...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
August 28, 2024
The Sleeping Giant: Why Intel is an Undervalued Stock
As the world’s largest semiconductor company, Intel (INTC) has long been a household name in the tech industry. However, despite...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 23, 2024
The Trillion Dollar Addiction...
The Trillion Dollar Addiction That Amazon, Google, Meta and Microsoft Will Be Selling Next Year As I discussed in my...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 19, 2024
What is an AI Agent? What Can It Do For You? Where Can You Get One?
As I discussed with my tribe during our recent stock talk, I’m excited to share with you the concept of...
Economic Data Could Be Miss Leading
August 18, 2024