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	<title>Shadow Government Statistics</title>
	<link>http://www.shadowstats.com</link>
	<description>Analysis Behind and Beyond Government Economic Reporting</description>
	<pubDate>Wed, 16 May 2012 18:12:16 +0000</pubDate>
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			<item>
		<title>No. 439: April Industrial Production, Housing Starts</title>
		<link>http://www.shadowstats.com/article/no-439-april-industrial-production-housing-starts</link>
		<pubDate>Wed, 16 May 2012 15:34:48 +0000</pubDate>
		
		<category><![CDATA[Commentaries]]></category>

		<guid isPermaLink="false">http://www.shadowstats.com/article/no-439-april-industrial-production-housing-starts</guid>
                <description>(SGS Subscription required) <![CDATA[<img src="/imgs/2012/756/housing.png" border="0"><br clear="all">
&#8226; Unusually Unstable Production Reporting
&#8226; Housing Starts Stagnation at Slightly Higher Plateau]]></description>
		</item>
		<item>
		<title>Tentative Schedule for Commentaries</title>
		<link>http://www.shadowstats.com/article/tentative-schedule</link>
		<pubDate>Wed, 16 May 2012 11:17:12 +0000</pubDate>
		
		<category><![CDATA[Site News]]></category>

		<guid isPermaLink="false">http://www.shadowstats.com/article/tentative-schedule</guid>
                <description><![CDATA[
(Subject to change without notice) 

        


Commentary   Date
Topics Covered   Include but&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 
            
Period for
Scheduled
        

&#160;
Are Not Limited to the&#160;
Covered
Series
        [...]]]></description>
		</item>
		<item>
		<title>No. 438: PUBLIC COMMENT ON INFLATION MEASUREMENT</title>
		<link>http://www.shadowstats.com/article/no-438-public-comment-on-inflation-measurement</link>
		<pubDate>Tue, 15 May 2012 19:24:39 +0000</pubDate>
		
		<category><![CDATA[Commentaries]]></category>

		<guid isPermaLink="false">http://www.shadowstats.com/article/no-438-public-comment-on-inflation-measurement</guid>
                <description><![CDATA[Public commentary on inflation measurement.]]></description>
		</item>
		<item>
		<title>No. 437: April CPI, Real Earnings, Retail Sales, Euro</title>
		<link>http://www.shadowstats.com/article/no-437-april-cpi-real-earnings-retail-sales-euro</link>
		<pubDate>Tue, 15 May 2012 17:51:41 +0000</pubDate>
		
		<category><![CDATA[Commentaries]]></category>

		<guid isPermaLink="false">http://www.shadowstats.com/article/no-437-april-cpi-real-earnings-retail-sales-euro</guid>
                <description>(SGS Subscription required) <![CDATA[<img src="/imgs/2012/753/core.png" border="0"/><br clear="all">
&#8226; “Core” CPI-U Inflation Hits Cycle High
&#8226; April Year-to-Year Inflation Softens: 2.3% (CPI-U), 2.4% (CPI-W), 9.9% (SGS)
&#8226; Real Average Weekly Earnings in Ongoing Year-to-Year Decline
&#8226; Retail Sales Were Stagnant, Statistically Insignificant]]></description>
		</item>
		<item>
		<title>Commentaries News</title>
		<link>http://www.shadowstats.com/article/commentaries-news</link>
		<pubDate>Tue, 15 May 2012 07:03:13 +0000</pubDate>
		
		<category><![CDATA[Site News]]></category>

		<guid isPermaLink="false">http://www.shadowstats.com/article/commentaries-news</guid>
                <description><![CDATA[
Next regular Commentary is scheduled for Friday, May 18th.&#160; It will examine the annual benchmark revision to new orders for durable goods. See our forthcoming schedule for details of future commentaries.

]]></description>
		</item>
		<item>
		<title>No. 436: March Trade Balance, Consumer Credit, April PPI</title>
		<link>http://www.shadowstats.com/article/no-436-march-trade-balance-consumer-credit-april-ppi</link>
		<pubDate>Fri, 11 May 2012 15:08:30 +0000</pubDate>
		
		<category><![CDATA[Commentaries]]></category>

		<guid isPermaLink="false">http://www.shadowstats.com/article/no-436-march-trade-balance-consumer-credit-april-ppi</guid>
                <description>(SGS Subscription required) <![CDATA[<img src="/imgs/2012/751/credit.png" border="0"/><br clear="all">
&#8226; Trade Deficit Deterioration Suggests Downside Pressure on GDP Revision
&#8226; PPI Contraction Due to Seasonal-Factor Suppression of Higher Energy Prices
&#8226; Net of Federal Student Loans, Consumer Credit Is Near Cycle Low
&#8226; Gold Remains Key Hedge Against Oncoming Troubles]]></description>
		</item>
		<item>
		<title>No. 435: April Employment/Unemployment, Money Supply and Velocity, Systemic Stress, </title>
		<link>http://www.shadowstats.com/article/no-435-april-employmentunemployment-money-supply-and-velocity-systemic-stress</link>
		<pubDate>Fri, 04 May 2012 17:51:34 +0000</pubDate>
		
		<category><![CDATA[Commentaries]]></category>

		<guid isPermaLink="false">http://www.shadowstats.com/article/no-435-april-employmentunemployment-money-supply-and-velocity-systemic-stress</guid>
                <description>(SGS Subscription required) <![CDATA[&#8226; For Second Month, Household-Survey Employment Fell as Payroll Growth Faltered
&#8226; April Unemployment: 8.1% (U.3), 14.5% (U.6), 22.3% (SGS)
&#8226; Annual M3 Growth Weakened in April as Velocity Rose
&#8226; New Indicator Shows Intensifying Systemic Stress
&#8226; Impaired Construction Spending Continued]]></description>
		</item>
		<item>
		<title>Payroll Survey Data - As Calculated But Not Published by the Bureau of Labor Statistics.</title>
		<link>http://www.shadowstats.com/article/payroll-survey-unpublished-numbers</link>
		<pubDate>Wed, 02 May 2012 16:21:19 +0000</pubDate>
		
		<category><![CDATA[Employment Reports]]></category>

		<guid isPermaLink="false">http://www.shadowstats.com/article/payroll-survey-unpublished-numbers</guid>
                <description><![CDATA[
The following analysis sets out inconsistencies in the payroll employment data as published by the Bureau of Labor Statistics (BLS), versus the actual data as adjusted and recalculated each month by the BLS using its &#8220;concurrent&#8221; seasonal-adjustment process.&#160; With this product, we make available the SGS calculations of the actual data produced internally by the [...]]]></description>
		</item>
		<item>
		<title>No. 434: Unpublished Payroll Data, Household Income</title>
		<link>http://www.shadowstats.com/article/no-434-unpublished-payroll-data-household-income</link>
		<pubDate>Wed, 02 May 2012 16:12:50 +0000</pubDate>
		
		<category><![CDATA[Commentaries]]></category>

		<guid isPermaLink="false">http://www.shadowstats.com/article/no-434-unpublished-payroll-data-household-income</guid>
                <description>(SGS Subscription required) <![CDATA[&#8226; Unpublished Payroll Employment Numbers
&#8226; March Household Income Sputters
&#8226; Clarifying Some Misperceptions]]></description>
		</item>
		<item>
		<title>No. 433: Retail Sales Benchmark, March PCE Deflator, Systemic Stress</title>
		<link>http://www.shadowstats.com/article/no-433-retail-sales-benchmark-march-pce-deflator-systemic-stress</link>
		<pubDate>Mon, 30 Apr 2012 14:56:27 +0000</pubDate>
		
		<category><![CDATA[Commentaries]]></category>

		<guid isPermaLink="false">http://www.shadowstats.com/article/no-433-retail-sales-benchmark-march-pce-deflator-systemic-stress</guid>
                <description>(SGS Subscription required) <![CDATA[&#8226; Retail Sales Benchmark Revision Showed Weaker Historical Growth
&#8226; March PCE Deflator Closer to Fed’s Target
&#8226; Indications of Intensifying Systemic Stress]]></description>
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