The oligarchs don’t even care anymore. The fake data couldn’t be any more blatant. First the JOLTS report proved that the BLS has over-reported new jobs by 40% for the last four months and now they are using a fraudulent seasonal adjustment to boost the still horrible June retail sales. The wheels are falling off this bus and the driver knows it. They desperately are attempting to keep the stock market elevated in order to gather a few more billion from the muppets.
Spot The Grotesque Retail Sales Seasonal Adjustment Outlier
Submitted by Tyler Durden on 07/15/2013 09:13 -0400
By now everyone knows that when all else fails with propaganda data manipulation, the US government goes right to Plan B: the X-12-ARIMA seasonal adjustment program (full 257 instruction manual here). It most certainly did that in June. The chart below shows the June difference between Seasonally Adjusted and Non-Seasonally Adjusted headline data: a positive number means that contrary to the empirical seasonal adjustment data of the past 15 years, NSA was lower than SA, implying an abnormal boost to seasonal adjustments to make June appear far, far better than the actual NSA data implies. Well, try to find which June of the past 15 is an outlier…