Nice look beneath the surface Fred.
Automated trading
ProfR
12/29/2011 9:20:18 AM
Automated trading is on the rise. Using numbers like these as inputs, trades are made automatically with no thought to whether the numbers are right. This is a cautionary tale.
The Census Bureau projects the US population will be 312,780,968 on New Year's Day -- an increase of 2,250,129 or 0.7% from a year ago and 1.3% more than the total population on Census Day, April 1, 2010.
In January 2012, one birth is expected to occur every eight seconds in the United States and one death every 12 seconds.
Meanwhile, net international migration is expected to add one person to the U.S. population every 46 seconds in January 2012.
The combination of births, deaths and net international migration results in an increase in the total US population of one person every 17 seconds.
Cuddle up!
Art of lying
tokyogai
12/29/2011 9:43:54 AM
Good insight Fred! It just goes to show that figures lie and liars figure!
Re: Art of lying
Phoenix
12/29/2011 10:20:14 AM
Thank you Fred for helping us read between the lines. This has really opened my eyes. I will think twice when reading a report the next time and taking what is said at face value.
Re: Art of lying
PAW
12/29/2011 10:36:16 AM
I think it is always a good idea to be skeptical of any data from the government or special interest goups. It is amazing how data can be manipulated to bolster a governmental agency or special interest groups agenda.
Re: Art of lying
tokyogai
12/29/2011 10:55:48 AM
I think these days we just call it politics.
It's a shame that we can't just call it "information" anymore.
Re: Art of lying
PAW
12/29/2011 11:09:58 AM
It is still "information" but it needs to be viewed with a skeptical eye.
Re: Speaking of lies and statistics...
Scott Raynovich
12/29/2011 11:53:04 AM
Thanks Noreen, good stuff.
I continue to believe that demographics and population will be the number one driving factor in the economy. Think about it: Japan and Europe are perpetually sluggish because of rising debts and a dwindling and aging population.
So far, the U.S. has fended off some of these problems but our population is now aging so we are falling into the same trap -- fewer younger people to support a rising aging class.
There would be no social security problem without the baby boomers. If there were more young people rising up in the working class, it wouldn't matter.
So really the question is can the U.S. find a way to continue population growth, either through immigration or births. Population growth has driven the ecomomy for 100 years or more.
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