Relevant:
- Weak U.S. data point to modest second quarter economic rebound
- Mainstream Media Gets It Wrong; In Unintentional Truth-Telling, NAR Shows House Market Strengthening
- Conomists Constantly Confused As Seasonally Adjusted Claims Data Continues To Diverge From Reality
- January Job Gains Were Right On Trend, But Not Enough To Shrink Unemployment and Stop Fed Printing
- Pending Home Sales Didn't Really Miss
2012-06-17 — wallstreetexaminer.com
Once again the mainstream media boohooed over a false and misleading seasonally falsified industrial production number, bemoaning that the SA number was down 0.4% month to month in May. They are playing into the Wall Street mob's desire for manna from Ben next week. It's totally bogus, supported only by false and misleading SA data, not the real activity.
...
The long term view of [electric power generation] says that the economy has done nothing, but the year to year data shows a surge of 2.5% from last May coming off a very weak comparison at the beginning of the year. This suggests a modest, but halting economic expansion that's very sensitive to energy prices, which were high in January, lower now
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