Thursday, November 29, 2007

Lies, Dam Lies, and Government Statistics!

Benjamin Disraeli , the prime minister of the British Empire from 1874-1880, was reported by Mark Twain to have uttered this brilliant quote on statistical analysis: “There are three kinds of lies: lies, damn lies, and statistics.”

Todays' GDP data, GDP = 4.9% is just about the worst thing I've seen in along time.

Yeesh!