That is the point. However also consider the source. Case-Shiller data collection and presentation has no vested interest in the results of the data.
Furthermore BLS data presentation is not something I have ever believed, EVER, regardless of who is in office. Do you honestly believe our unemployment data peaked at 11 or 12% or whatever the BLS said it was a few years ago? Isn’t it important to distinguish between govt and private jobs? Isn’t it important to identify how many dropped from the workforce? Shouldn’t temp verses non temp jobs be identified?
What is troubling is that the reports are orthogonal to other events in the overall economy. Furthermore events that happen such as the administration “asking” defense contractors not to issue rif notices (even though they are required to do so by law) is quite troubling as well.
Personally I am troubled by this sort of behavior from the government. So in your eyes if I question it I am labelled as some sort of partisan hack?
The problem is when there is only one monolithic entity in charge of presenting the data, to me it is problematic. (See rating agencies telling us about AAA rated bonds that were backed by valuable real estate) Other examples include Barney frank telling us how strong the GSE’s were a few years back.
I don’t like and don’t believe any of the crap we are told by the govt or any of the associated entities. Didn’t under Bush and don’t under Obama.
Finally, I see nothing wrong with waiting a few months to release data if it proves to be more accurate.
