Either our copy of Excel has a bug, or the BLS hasn’t gotten to seasonally adjusting its less than A-grade time series yet, or perhaps there has been an unprecedented and undocumented surge in jewelry artisans in the past five years, or simply people are now celebrating Bernanke’s centrally-planned economic renaissance by wearing bones and tattoos, or men and women now just say no to such superficial trinkets as watches and rings, but whatever the reason, according to the BLS, US jewelry imports in the month of October inexplicably just posted their biggest annual drop. On record.
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/xUkff-FAGOk/story01.htm Tyler Durden