Thursday, October 28, 2010
Starting To Feel A Lot Like a Banana Republic
Initial Claims and continuing claims were both revised higher for last week. Now it's about 40 revisions up and two down. Each week the numbers are made to seem better then they are, when the information doesn't matter anymore, they correct it, and it always goes up-except for twice out of about 42 revisions. So today's beat, can be expected to be a miss by next week.
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