Monthly Archives: January 2015

(What’s Left of) Our Economy: Why Claims of Record U.S. Manufacturing Output are Bogus

Originally posted on RealityChek:
I’ve been so preoccupied lately with reporting on the Federal Reserve’s manufacturing production figures each month that I’ve forgotten to point out a big data problem that they’ve been suffering for a long time, and that still distort output levels – to the upside. The problem: the Fed figures, which are…