Rule No. 2: Know what you’re measuring.
Rule No. 3: Look outside the data
(source infra)
Three Rules to Make Sure Economic Data Aren’t Bunk | FiveThirtyEight: "...Economic indicators are often contradictory and always subject to uncertainty, but that isn’t a reason to dismiss them. Economics deals with subjects we encounter daily: jobs, spending, production, prices. It doesn’t take a Ph.D. or even a bachelor’s degree in economics to understand these concepts and how they interact with one another. It shouldn’t take a degree to interpret an economics report, either...." (read more at link above)
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