If the mainstream media would just stop the silly nonsense of using seasonally adjusted (SA) abstract impressionistic data and then trying to explain it away, reality would be obvious. The headlines today said that existing home sales were down and then the Wall Street Jourbull tried to explain that away as a seasonal adjustment problem. Correctomundo! So why use seasonally adjusted data at all?
I’ve been ranting and raving at financial “journalists” about it for years and they simply keep making twisted, idiotic excuses. The fact is that they won’t use the published actual not seasonally adjusted data (NSA) because none of their competitors do it. God forbid any financial media outlet should actually do something different than another one. I mean, it’s so simple to just put the actual data on a chart and look at it, even an idiot could do it. Here’s proof.
It’s so simple that no additional analysis or commentary is required. Just look for yourself and see. Here’s another one which includes the latest housing inflation data that the BLS does not count in CPI.
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