CNBC analysis: Don’t trust those GDP numbers

“If the errors are really what you say, then we really have no idea what’s going on.”

– Joel Naroff, president, Naroff Economic Advisors

But my Econ teacher said this is how the world works?

Economist-types totally discount personal experience as gauge of economy but happily use fantasy hedonic, birth/death & seasonal adjustments.

CNBC should do more of this kind of stuff and less “Filthy Rich”. #GDP

Spreadsheets are bibles for economists.  Verses are column and row cells, which like religious texts, are based on myths.


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