"Things Are Not Always What They Seem"

Wednesday, August 21, 2013


The above quote from the Cheshire Cat in Alice in Wonderland is quite apropos today as one examines the state of the U.S. economy based on published employment data. Over the past twelve months the unemployment rate has declined from 8.3% to 7.4%. On the surface, this would suggest that a reasonable
economic recovery was underway. However, “things are not always what they seem.”
For the entire article, please download the file below.