Comments on: EXISTING HOME SALES DATA PT.2 http://pragcap.com/existing-home-sales-data-pt-2 Sun, 12 Feb 2012 06:49:06 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Dean http://pragcap.com/existing-home-sales-data-pt-2/comment-page-1#comment-5146 Dean Sun, 23 Aug 2009 02:07:44 +0000 http://pragcap.com/?p=7840#comment-5146 This is a very good article: http://www.economist.com/opinion/displaystory.cfm?story_id=14258851 This is a very good article:

http://www.economist.com/opinion/displaystory.cfm?story_id=14258851

]]> By: Dean http://pragcap.com/existing-home-sales-data-pt-2/comment-page-1#comment-5114 Dean Sat, 22 Aug 2009 00:26:25 +0000 http://pragcap.com/?p=7840#comment-5114 Instead of using nominal and comparative figures, part of the trickery is to use percentages instead. A 7% improvement sounds impressive, until you realize that it refers to a shrinking base which is smaller by 17% compared to last year. I feel sorry for the officialdom because it is almost certain that citizens will soon begin to doubt and question everything. If our government needs public cooperation in pulling off a seeming miracle, they need to level with us. Instead of using nominal and comparative figures, part of the trickery is to use percentages instead.

A 7% improvement sounds impressive, until you realize that it refers to a shrinking base which is smaller by 17% compared to last year.

I feel sorry for the officialdom because it is almost certain that citizens will soon begin to doubt and question everything. If our government needs public cooperation in pulling off a seeming miracle, they need to level with us.

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