Economic Data - Take the Long View

 “It’s been said that the definition of delusion is an economist who issues forecasts with decimal points.” 

The release of economic data such as the Consumer Price Index and the Gross Domestic Product form the basis of many investment decisions, but the compilation of this data is far from scientific. A recent economic update from Nothern Trust provides helpful and interesting information on what goes in to answering such questions as: How much do things really cost?  And, how many people are really at work?  A series of bullet point tips at the end provide a quick summary of what investors should be aware of when evaluating economic data releases.  Most importantly, do not overreact to short-term movements in the data.  Click here to read more.