US Govt Faking Economic Data

“Anyone wondering just how much of a joke the US high frequency economic data updates have become should look no further than these three charts showing Wall Street forecasts (consensus and distribution) and actual prints for the ADP Payroll, the Chicago PMI and Pending Home Sales. Not one indicator has come below 4 standard deviations above the average forecast, and every single one has printed above the highest forecast. It is now safe to say without any doubt that US data is equal if not more equal in credibility terms with that of China.”

http://www.zerohedge.com/news/us-economic-data-reporting-now-officially-farce-every-economic-data-point-prints-4-std-devs-abo

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