My long-standing skepticism about survey data has reached the point where I feel compelled to comment on the current state of the art. While it is always risky to ignore broad deep reliable surveys I’m following up on a few prior sentiment posts.

First off, I am not discussing online surveys; those easily gained and worthless. Rather I am discussing the regular surveys that come in to people through their landlines texts and mobile phones.

WhoTF answers these? Who has the time effort or interest to respond to a random person calling you and interrupting whatever you’re doing to ask a series of questions about the economy? This is a subgroup of people who probably aren’t working or at least aren’t working very hard or busily, and are free to make up whatever they want.

As if polling isn’t bad enough, there is a specific cohort that has been gaming

Keep reading this article on Barry Ritholtz - The Big Picture.

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