Identifying “Hard” Data

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Identifying “Hard” Data
geralt / Pixabay

During recent weeks, much of the punditry has suggested a sharp difference between “hard” and “soft” data.  The former seems to show sluggish economic growth while the latter paints a more optimistic picture.  The general distinction seems to be that surveys are “soft” and other data are “hard.”   Results are rather arbitrarily placed in one group or the other.

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