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Love it. You can then just pick the numbers from the firm that is saying what you want to hear.
by JKCalhoun 1y ago
Love it. You can then just pick the numbers from the firm that is saying what you want to hear.
- root_axis 1y agoYeah, it sucks for the public, but I assume if you're working in FP&A your company will pay for accurate statistics.
- rtkwe 1y agoIf those statistics are even available. Part of the employment numbers is a 60,000 household survey they conduct with the help of the census bureau I doubt there's going to be a consistent survey of that scale done on the private dime. Not to mention all the statistics businesses are required legally to submit to the government that these hypothetical private replacements would never have access to.
- komali2 1y agoOr also, all firms will say what you want to hear, like modern ratings agencies already do. Because otherwise you won't ever shop at the ones who give you bad numbers, and market pressure will turn them all into a ratings shop.
- mywittyname 1y ago"Bad" numbers are what companies are paying for. If I'm a sailor paying for weather data related to my trip, I want to know about the dangerous weather.
- bigbadfeline 1y ago> "Bad" numbers are what companies are paying for. You've never heard of the stock market, have you? Nobody cares about the "weather", they all want low interest rates and reports that justify the Fed taking interest rates to zero and below. That's it, nothing else matters. > If I'm a sailor... You aren't. Wake up.
- mcny 1y agoWait, is that what credit rating agencies are? But credit rating agencies also need data from somewhere...