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Re: US Manufacturing, Meet Fake News: One Of These Is Wrong 

By: Zimbler0 in POPE IV | Recommend this post (6)
Tue, 04 Jul 17 8:58 PM | 92 view(s)
Boardmark this board | POPES NEW and Improved Real Board 		Msg. 28423 of 47202
(This msg. is a reply to 28404 by monkeytrots)
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MT> I think it's a no-brainer that the Bloomberg article comes out much higher on the credibility scale.


I don't know if this is the same Bloomberg or not . . .
But years ago I had a power company which cut, then
ended their dividend. A couple years after that I
noticed that the internet had been telling me that
power company had positive earnings - and I finally
asked myself 'why no dividend' and started learning
stuff I maybe should have learned first.

I found that for three years my 'problem child' had
been losing money (from their annual reports I had
just learned how to read) and the Internet, for that
same three years, had been reporting positive earnings.

I got angry and started firing off in all directions.
Motley fool, my former source for info, told me "Not our fault".

The guy at Bloomberg sent me a 'gif picture' with the
real data in it and explained that what the internet
was publishing was 'analysts estimates' for what the
company was going to make that year.

I fired back at the guy "This ANALyst has been wrong
three years in a row. Does he really belong on someones
payroll?" (I was venting my anger and frustration.)

The next day all the internet sites were reporting
the real numbers.

Thanks, Bloomberg.
Zim.




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Mad Poet Strikes Again.

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The above is a reply to the following message:
Re: US Manufacturing, Meet Fake News: One Of These Is Wrong
By: monkeytrots in POPE IV
Tue, 04 Jul 17 1:04 PM 		Msg. 28404 of 47202

My vote goes to Bloomberg being correct - they are using data from ISM - Institute for Supply Manufacturing, cite their sources, the actual numbers, and exactly what they are basing their analysis on, and are US Based.

The other 'report' is generated by a London based Nasdaq company that sells data and 'analysis' to primarily government and industries heavily dependent on government:

From wikipedia on IHS: IHS provides information and analysis to support the decision-making process of businesses and governments in industries such as aerospace, defense and security; automotive; chemical; energy; maritime and trade; and technology.

The previously announced deal to merge IHS and Markit closed on July 13, 2016

Now, given THOSE facts - which source do you really believe is more credible. I think it's a no-brainer that the Bloomberg article comes out much higher on the credibility scale.

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