Yeah most people do not take the time to figure out if something is on a quarterly or annualized basis. When they toss the number up for the later, things can look a lot worse (or better if it suits the needs).
Just more propaganda that the television watchers and headline grabbers latch onto.
They ought to have a test to watch television to make sure people are smart enough to dissect what is being promoted. But then it would not work as the propaganda tool.
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Also people don't understand how the numbers can be misinterpreted. Some of the economic indicators are 50 for no change and people don't even know that. If its above 50, expansion and below 50, contraction.
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