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UBS On-Air: Paul Donovan Daily Audio 'Polls and politics'
Published 2 months, 2 weeks ago
Description
The October US ISM manufacturing sentiment poll is due. Falling survey repose rates and rising political polarisation have conspired to reduce the reliability of survey-based evidence. The risk is that in the absence of proper US economic data, investors turn in desperation to surveys and give them more credibility than they deserve.