2012-05-20wallstreetexaminer.com

While the mainstream media was reporting that jobless claims were steady last week, the real picture was more nuanced. The media reports only the seasonally smoothed number, which can obscure what's really going on and is often late in recognizing trend changes because of the inherent smoothing. I liken it to Impressionist Art. It's an attempt to represent reality, but it isn't reality. It's more beautiful than reality.


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