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The 18-Wheeler Recovery

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LATELY IT OCCURS TO ME WHAT A LONG, STRANGE TRIP IT'S BEEN
"What trucking statistics—yes, trucking—can tell us about the economy. Whether you are an economic pessimist or optimist, you have to consider all the data—not just the data you like. The problem is sussing out which data points to trust. Generally, measurements of actual activity are better than surveys about attitudes or behavior. What's more, many data series come out after the fact and are subject to revision, which makes them less reliable when it comes to gauging what's taking place right now. We won't have a definitive reading on how much the economy grew in this year's first quarter, for example, until much later this year."
SOURCE:   Slate

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