About The Industrial Production Data Anomaly
Yesterday I noted that almost all data point to a double dip recession in the U.S., with the strong July industrial production number being the one significant anomaly.
Robert Wenzel now tips me of a post by Dean Baker which explains that a large part of that apparent boom in industrial production reflected faulty seasonal adjustment.
Robert Wenzel now tips me of a post by Dean Baker which explains that a large part of that apparent boom in industrial production reflected faulty seasonal adjustment.
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