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Realtors: We Overcounted Home Sales for Five Years(edited)

Re: what...no recovery???

The facts are you can not count any number that is released to be correct. It is another of a long line of reasons people do not have any faith in normal.
 
Re: what...no recovery???

iliveonramen said:
And....another example of how private entities do not police themselves and why we need regulation.
Click to expand...

Not that government numbers are often times any better. And when they can no longer fudge the numbers they just decided to change how they count things.
 
Re: what...no recovery???

Drive through any neighborhood in any town USA. The article is no revelation. I have long, long since distrusted any information that comes from the government.
 
Re: what...no recovery???

Risky Thicket said:
Drive through any neighborhood in any town USA. The article is no revelation. I have long, long since distrusted any information that comes from the government.
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The bad information was supplied by The National Association of Realtors -- not the government. Who'd have guessed that that group was incompetent?
 
Re: what...no recovery???

AdamT said:
The bad information was supplied by The National Association of Realtors -- not the government. Who'd have guessed that that group was incompetent?
Click to expand...

It's the largest trade lobby in Washington. Corpgov, it's all the same. How about the current administration asked the NAR to misreport their figures? I'd bet on that.
 
Re: what...no recovery???

Risky Thicket said:
It's the largest trade lobby in Washington. Corpgov, it's all the same. How about the current administration asked the NAR to misreport their figures? I'd bet on that.
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It's a private group that represents real estate agents.

Nice conspiracy theory, though. If they are answering to secret commands of Big Brother, why have they elected to strike out on their own now? Or is this another secret government plot designed make us think that it's NOT all a government plot?
 
Re: what...no recovery???

1Perry said:
Not that government numbers are often times any better. And when they can no longer fudge the numbers they just decided to change how they count things.
Click to expand...
i agree. just look at unemployment . they say is not as bad as during the depression ,but the way they count was changed.
 
Re: what...no recovery???

iliveonramen said:
Has it changed? I can't find anything about how the equation is different than it's always been.
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This isn't comprehensive as there have been other changes but it makes one note how counting the unemployed has changed.

Under President Lyndon Johnson, the government decided individuals who had stopped looking for work for more than a year were no longer part of the labor force. This dramatically decreased the jobless rate reported by the government.

"Both part-time workers wanting full-time work and discouraged workers tend to make the unemployment rate lower than it would otherwise be," says Robert Schenk, professor of economics at St. Joseph's College, Indiana.

Great Depression jobs parallel may not be far flung | Reuters
 
Re: what...no recovery???

iliveonramen said:
Has it changed? I can't find anything about how the equation is different than it's always been.
Click to expand...

It has changed over time, but people who have applied the modern unemployment methodology to the GD have determined that the change doesn't actually change our understanding that unemployment was much worse during the Great Depression. Using the current methodology they estimate that U-3 unemployment (the common figure used today) was around 25%, and U-6 unemployment (the number Republicans like to use) was about 38%.

U3 and U6 Unemployment during the Great Depression | The Economic Populist

U3 and U6 Unemployment during the Great Depression | The Economic Populist
 
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Re: what...no recovery???

I know it has changed over time...but I've seen conservatives post on this board this idea that it's changed recently and that the drop is some numbers game with the Obama administration.

The number they release is the same number they've released for decades. The other numbers are available. It just seems as if there's this incorrect idea that the most recent drop in unemployment is some sham.
 
Re: what...no recovery???

iliveonramen said:
I know it has changed over time...but I've seen conservatives post on this board this idea that it's changed recently and that the drop is some numbers game with the Obama administration.
Click to expand...

I do not believe that Obama has changed anything.

The number they release is the same number they've released for decades. The other numbers are available. It just seems as if there's this incorrect idea that the most recent drop in unemployment is some sham.
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It is in the way it is counted, but those doing the counting right now are most likely counting the way the numbers have been counted for years.
 
Re: what...no recovery???

iliveonramen said:
Has it changed? I can't find anything about how the equation is different than it's always been.
Click to expand...

U6 is what was reported during the depression.not so today.Google it.
 
Re: what...no recovery???

AdamT said:
It has changed over time, but people who have applied the modern unemployment methodology to the GD have determined that the change doesn't actually change our understanding that unemployment was much worse during the Great Depression. Using the current methodology they estimate that U-3 unemployment (the common figure used today) was around 25%, and U-6 unemployment (the number Republicans like to use) was about 38%.

U3 and U6 Unemployment during the Great Depression | The Economic Populist

U3 and U6 Unemployment during the Great Depression | The Economic Populist
Click to expand...



Read the comments to the article at the link u provided.a lot of people have doubts.and rightly so.
 
Re: what...no recovery???

Fubar said:
U6 is what was reported during the depression.not so today.Google it.
Click to expand...

There was no such thing as U6 during the depression. Google it.
 
Re: what...no recovery???

iliveonramen said:
And....another example of how private entities do not police themselves and why we need regulation.
Click to expand...

You say that as if good news numbers for the government aren't constantly revised downward, after they're released.
 
Re: what...no recovery???

One, two, three, four, five...how hard is it to add? Real good excuse.
 
Re: what...no recovery???

iliveonramen said:
And....another example of how private entities do not police themselves and why we need regulation.
Click to expand...

Why do we need regulation for this?

What does the housing listing sales error have to do with anything? Its not like they were making extra on this. Its not like anyone made any extra anything on this.

The only thing this does is show less houses sold than previously expected...big deal.

The government revises their unemployment numbers monthly....do we need the government to make more regulations to regulate the government?


In reality, the hap hazard numbers helped the Obama administration make it look like things werent as bad as they really were.
 
Re: what...no recovery???

1Perry said:
This isn't comprehensive as there have been other changes but it makes one note how counting the unemployed has changed.

Under President Lyndon Johnson, the government decided individuals who had stopped looking for work for more than a year were no longer part of the labor force. This dramatically decreased the jobless rate reported by the government.

"Both part-time workers wanting full-time work and discouraged workers tend to make the unemployment rate lower than it would otherwise be," says Robert Schenk, professor of economics at St. Joseph's College, Indiana.

Great Depression jobs parallel may not be far flung | Reuters
Click to expand...

it was changed again after that during the Reagan years then again during the Bush/Clinton (89-91) years also.

That would explain how the actual employed number keeps falling and unemployment is also dropping.
you cant have 136m people working and an unemployment rate of 9% one month and have 127M people working and a 8.5% unemployment the next month...but thats just what has been happening. (just examples)

I for 1 am sick of our government lying to us on a daily basis about the economic situation.
 
Re: what...no recovery???

1Perry said:
The facts are you can not count any number that is released to be correct. It is another of a long line of reasons people do not have any faith in normal.
Click to expand...
Well with public schools the way they are, I'm not surprised these jacklegs can't count.
 
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