Late last month former Bank of Canada governor and recently-appointed
Bank of England governor Mark Carney surprised many by criticizing the
quality of the economic data being provided by the UK's Office for
National Statistics. To be clear, what was surprising was not that the
ONS data is incomplete and misleading; everyone with an ounce of
economic understanding already knew this. What is surprising is that a
high-ranking bank official was admitting that the data they and the
market in general is relying on is so unreliable. Find out more about
the practice of cooking the books in this edition of The Corbett Report.
No comments:
Post a Comment