Tuesday, February 22, 2011

Lies, Damn Lies, and Statistics

Check out the following story from Reuters on the housing numbers. I don't know about you, but more and more I question the integrity of nearly all of the data we were getting nowadays.

U.S. housing data may have understated extend of collapse-report


WASHINGTON | Tue Feb 22, 2011 12:22am EST
WASHINGTON Feb 21 (Reuters) - A U.S. housing trade association is examining the possibility that the data it releases underestimated the collapse of the housing industry, the Wall Street Journal reported on Monday.

Read the entire story here:

http://www.reuters.com/article/2011/02/22/usa-economy-housing-idUSN2124656720110222
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1 comment:

  1. Chin MusicFebruary 22, 2011 at 4:13 PM

    Dan,

    I am not surprised. I was part of the building trades since 1977 and I am, along with many others I know, out of the business. The company I worked for is gone and all the people I worked with are gone also. A few of the customers I had are still around but they are basically twiddling their thumbs. Sad, sad, sad ... I do miss working ... trying to transform to investing ... thanks for all you do ... listen to you at KWN every week

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