Data Delays In Fed Shutdown: On Getting Over It
AllAboutAlpha | Oct 08, 2013 01:37AM ET
For those who want to speculate about future moves in asset values, (in an informed way of course) numbers are the tools of the trade. Of course, numbers are also critical for those who want to manage the risks that arise from such speculations. Where do the numbers come from?
At AllAboutAlpha it has come to our attention that there is a change underway in the sourcing of such numbers. There’s been this thing called a “government shutdown,” (anarchists hold your applause, it isn’t what it sounds like) and as a consequence, various bureaus haven’t been churning out the numbers they used to.
This is already finding use as a ready-made but Urney Barry hasn’t closed. Perhaps more important than any of those data suppliers (with due respect) there is the Conference Board, which offers the Consumer Confidence Index, the Leading Economic Indexes, Employment Trends Index, etc.
Lacker doesn’t say that he is “in a bind,” he says rather that the delays from such sources as the U.S. Labor Department may not be a “huge impediment” to his work after all.
Of course it can be difficult to sell something that someone else is giving away, so when the government and its green-ink supplied printing presses take over a field, private sector competitors face a daunting challenge. Yet there is some reason to believe, and to hope, that the bottom line appraisals of the consequences of this shut down will include the following: government stopped offering certain numbers, and the private sector … got over it.
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