A Reminder About Payrolls and Revisions

By |2014-09-04T13:14:25-04:00September 4th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

Despite any intent, the revisions to wages and real incomes that I highlighted yesterday actually go a long way toward providing an explanation for other “aberrations” that still exist. The primary problem I have with accepting the mainstream version of economic events, particularly that of the Establishment Survey, is that the labor force is still shrinking, or at least barely [...]