20 January 2018

Chinese Checkers

More than once in these endeavors the notion that Orange Julius Caesar will seek to squelch or even pervert macro data to support his agenda. We see this already at EPA (the top of the linked page is a screenshot from EPA, not the site; just so you don't get confused). We can expect the same, and I already sense that a thumb is on the scales with recent reporting from the agencies (call me suspicious), as time goes on. Remember, fascists turn to lying when the tale gets too outlandish.

Those who look at the "Chinese miracle" have long suspected that Beijing has a 3 kilo foot on the scales. Here's a recent report. Expect similar from this administration.
"It's just simplistic to say they lie or they don't lie," said Pauline Loong, the founder and managing director of Asia-analytica, a Hong Kong consulting firm specializing in mainland China. "They define their data differently, and they keep changing their definitions."

What Kellyanne calls alternative facts.

All macro-quants should be concerned.

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