Is he preaching the Weimar inflation again?
No, that the numbers are bogus.
I have seen and read the criticisms of the methods and I would be interested to know any more insights on this.
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Is he preaching the Weimar inflation again?
neubarth
what is your background in statistics and econometrics? Just curious.
Dec. 27 08, the advance figure for seasonally adjusted initial claims was 492,000 unadjusted, 718,468
Here they downsized the reported number by over 200,000 claims.
Dec. 20 08, the advance figure for seasonally adjusted initial claims was 586,000, unadjusted, 715,496
Here they downsized the reported number by over 100,000 claims.
Dec. 13, 08 the advance figure for seasonally adjusted initial claims was 554,000, unadjusted, 626,943
Here they downsized the reported number by over 70,000 claims.
Dec. 6, 08 the advance figure for seasonally adjusted initial claims was 573,000, unadjusted, 757,481
Here they downsized the reported number by over 180,000 claims.
Nov. 29, 08 the advance figure for seasonally adjusted initial claims was 509,000, unadjusted, 529,941
Here they downsized the reported number by over 20,000 claims.
Nov. 22, 08 the advance figure for seasonally adjusted initial claims was 529,000, unadjusted, 606,877
Here they downsized the reported number by over 70,000 claims.
Nov. 15, 08 the advance figure for seasonally adjusted initial claims was 542,000, unadjusted, 511,941
Here they increased the reported number by over 30,000 claims.
Nov. 8, 08 the advance figure for seasonally adjusted initial claims was 516,000, unadjusted, 539,868
Here they downsized the reported number by over 20,000 claims.
Nov. 1, 08 the advance figure for seasonally adjusted initial claims was 481,000, unadjusted, 463,932
Here they increased the reported number by almost 20,000 claims.
Oct. 25, 08 the advance figure for seasonally adjusted initial claims was 479,000, unadjusted, 443,728
Here they increased the reported number by over 30,000 claims.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Notice that there is no continuity in the alterations to the numbers. Supposedly they are "seasonal" adjustments. Some of those seasons are one week long -- Up, down, up, down, and up again. How can you have four seasons in four weeks? It is all lies and distortions for the benefit of those in power.
U.S. Department of Labor: Employment & Training Administration (ETA) News Releases
When you see such obvious up and down manipulation of the numbers, you have to know that this is being done to please political activities. Bush at the end of the year wanted to make the Unemployment situation look to be less than it was.
More than likely money changed hands for the end of year corruption to the initial claims numbers. You can see that it was getting TOTALLY out of control in late December.