Sunday, November 07, 2010

More Distortions

"We created 150,000 jobs, FED and GOV policies are working, economy is growing...."

WOnder how this was accomplished in face of avg claims STILL ABOVE 450K? HOusehold sector claims of 300K LOST?? how so 150,000 gained?

BLS "SEASONAL ADJUSTMENTS", ever heard of them? It's the magic of pencil pushers......the BLS lowered the BAR for jobs by 100,000 2010 OCT MUCH lower or that much lower than prior 2 years with NO explanation why......so presto chango THEY gave us a 100,000 UPSIDE SURPRISE!

And just like bank profits, then so SPX earnings.....just a mirage if not outright fraud and lie

D

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