by Mike ‘Mish’ Shedlock
Here’s the interesting set of questions from the “Mish Mailbag” summarized as follows: How Accurate and at What Cost is BLS Data? Why isn’t there a private industry alternative?”
The questions are from reader “Trevor”, a grad student, forwarded from his professor.
When I first read the questions, I thought they were about jobs because the BLS stands for Bureau of Labor Statistics.
Just as I was about to hit “send” with my analysis on jobs, I re-read the email and realized the question was about the CPI, not jobs.
This is what happens when you get hundreds of emails and you make a concerted effort to answer them quickly.