You may not recall this, but back in November, there was a pretty big mini-controversy after it was revealed that the strong October jobs report only looked good because of a seasonal adjustment.
The headline number was 151K new jobs, but skeptics (like John Mauldin, John Williams of Shadowstats, Alan Abelson from Barron's, Stephanie Pomboy of MacroMavens, and BI's Henry Blodget) suggested that by changing the seasonal benchmark, the BLS has conjured an extra 100K jobs out of thin air.
That incident comes to mind now because
Read more: http://www.businessinsider.com/non-seasonally-adjusted-juned-payrolls-2011-7#ixzz1RlzTeITq
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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