Silver For The People

Silver Stackers Can End The Silver Manipulation And Stop The Criminal Banksters

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Lies, Damned Lies, and Statistics

mauldineconomics.com / BY GEORGE FRIEDMAN / JULY 17, 2017

Economics and finance are thought to be more predictable than other disciplines such as politics because they are quantifiable. This is debatable. The extent to which quantitative economic analysis is possible depends on the relationship between the number and reality. That there is a relationship is true, but the relationship is more tenuous than might be thought.

I am not talking about the possibility that economic statistics are manipulated for political reasons. This is certainly the case in some countries like China but less so, in my opinion, in Europe and the United States. But I want to put aside that theory and examine the validity of data assuming that everyone, everywhere, was honest.

Before we begin, a question…

Do you know how to separate the signal from the noise? It’s one of the most useful abilities a person can possess. But it’s also one of the hardest to acquire in the age of big data, big media bias, and the Internet, the biggest communication platform we’ve ever had. Reality gets diluted by the surreal.

Cutting through the noise to find insight and value is what has made Warren Buffett one of the most successful investors the world has seen. It’s what we strive to do here at Geopolitical Futures as well.

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