Why economists sometimes are ‘flying blind’ with econ. data

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Why economists sometimes are ‘flying ******’ with econ. data

ROTH’s chief economist and macrostrategist, Michael Darda, joined Stocks in Translation to explore the reliability of data sets and the importance of exercising caution with initial estimates. He pointed out, “I think, unfortunately, the government agencies do the best job that they can do, but they’re not working with complete data sets. You know, everyone wants the information quickly, but when initial estimates come out, they don’t even have complete data for something like GDP.”

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This post was written by Neil Mulcahy.

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#economists #flying #****** #econ #data

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