WC Varones

Don't lend your hand to raise no flag atop no ship of fools

Dirty Fed manipulated data to hide housing bubble

In 2004:
MR. OLINER [Stephen Oliner, Fed associate research director]: The biases referred to in that footnote were really technical biases in the construction of the two measures shown here, the rent measure and the price measure. Had we not adjusted for them, the rent-to-price ratio would have been much lower at the end point. So it would have looked more alarming. In part we think the published data have some technical problems that need to be taken care of before this analysis can be done in a way that is meaningful.


B-Daddy said...

I don't know anything about this issue, but the explanation proffered sounds eerily like the warmists explanation for the "hockey stick" data adjustments.

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