RE: Unemployment continues to drop and other good news...

RE: Unemployment continues to drop and other good news... (Full Version)

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JeffBC -> RE: Unemployment continues to drop and other good news... (3/9/2013 1:51:51 PM)
OK, I just need to ask... does anyone actually think unemployment dropping is "good news"? Not to be a pill, my two specific concerns are: A) Not all jobs are actually helpful. More walmart jobs hurts our economy rather than helps it. B) The Bureau of Labor statistics is corrupt. For my own money, I'll think of it as good news when I start seeing a growth in the middle class again. I'm not sure where those statistics come from but I have to assume tax returns. So maybe in a few months there'll be some actually good news.

tazzygirl -> RE: Unemployment continues to drop and other good news... (3/9/2013 2:15:56 PM)
As I said.. slight turn... you wont see me cheering for a while.

tj444 -> RE: Unemployment continues to drop and other good news... (3/10/2013 4:32:47 PM)
I expect you think all that "good news" is Obamas/the Dems doing and things (which have taken 4 painfull years to this point) are now all rosy.. the saying about figures lying and liars figuring is so true with govt stats.. like them saying inflation is low and no big deal.. I have been buying a small tub of non-dairy ice cream and paying the already high price of $3.99.. today i go to the check out and the price (in their computers) has gone up to $4.99.. thats a 25% increase! And I see with my own eyes that there is still a ton of vacant commercial buildings and empty vandalized houses rotting away as the banks continue to fiddle.. No matter how much the govt lies and tells us that inflation is low or that unemployment is down to 7.7% or that housing is back, blah, blah, blah.. I DONT FUCKING BELIEVE THEM!!! They will have some people fooled tho,.. until the next recession hits (which as night follows day, will happen).. just sayin'

LookieNoNookie -> RE: Unemployment continues to drop and other good news... (3/10/2013 4:57:21 PM)
quote: ORIGINAL: Yachtie quote: ORIGINAL: Hillwilliam You forgot about the stock market hitting records 3 days in a row. On what kind of volume and fundamentals?[8\|] I think what they're referring to is: The market volume that has been inflated by Goldman and others, and similar (through the back door) stock market purchases funded by govt. borrowing at 0.25% and, fundamental insanity. (Largely applauded by those who mindlessly cheer..."hey look....there's a new keg arriving!!! Yeeeeehaaaah!!!!.....hey...who paid for THAT keg? Oh shit, who cares....hand me a beer!!!!")

DesideriScuri -> RE: Unemployment continues to drop and other good news... (3/10/2013 4:58:03 PM)
quote: ORIGINAL: tj444 They will have some people fooled tho,.. until the next recession hits (which as night follows day, will happen).. just sayin' Shit, that's shooting fish in a barrel. That's like saying a politician is going to lie. There will be another recession. Guaranteed. When it will hit is yet another issue. I have read reports where economists think the Government is what is propping up the DJIA and is $$ behind the employment increase, and all that will disappear when Government starts to pull back. They are saying it's going to happen in the near term. Could be right. Could be wrong. At some point in time, as long as I am not dead before an "average" lifespan, I'm certain I'll see another recession. At least one, if not several more.

LookieNoNookie -> RE: Unemployment continues to drop and other good news... (3/10/2013 4:58:59 PM)
quote: ORIGINAL: Yachtie quote: ORIGINAL: tazzygirl GETCO and Citadel's HFT algos Neither of which are part of the 30 companies on the list. Do you know what a HFT (High Frequency Trading) algo (algorithm) is? That was priceless :)

LookieNoNookie -> RE: Unemployment continues to drop and other good news... (3/10/2013 5:03:44 PM)
quote: ORIGINAL: tazzygirl No one said all is well with the world. Sounds like your fellas at zero are sucking on sour grapes over the turn of the economy, as slight as that turn is. Hon, Zero Hedge has been barking about this topic for over 8 years (2 years before the {financial} world ended). You don't have to respect their data but the fact that they've been right on about 98% of their topics speaks volumes to those who actually give a shit about economic facts.

LookieNoNookie -> RE: Unemployment continues to drop and other good news... (3/10/2013 5:04:45 PM)
quote: ORIGINAL: plesto quote: ORIGINAL: Yachtie ~FR~ It's all Kool-Aid. That supposed drop in unemployment only cost some billions in government spending. Not that I wish it, but I'll dance for joy when it all comes apart and shoves it up the left's collective asses, being those who applaud the Obama's agenda. [:o] Most of those jobs were in the private sector. Most of the more recent jobs that have been lost have been in the govt. sector. Your point?

tj444 -> RE: Unemployment continues to drop and other good news... (3/10/2013 5:47:30 PM)
quote: ORIGINAL: DesideriScuri quote: ORIGINAL: tj444 They will have some people fooled tho,.. until the next recession hits (which as night follows day, will happen).. just sayin' Shit, that's shooting fish in a barrel. That's like saying a politician is going to lie. There will be another recession. Guaranteed. When it will hit is yet another issue. I have read reports where economists think the Government is what is propping up the DJIA and is $$ behind the employment increase, and all that will disappear when Government starts to pull back. They are saying it's going to happen in the near term. Could be right. Could be wrong. At some point in time, as long as I am not dead before an "average" lifespan, I'm certain I'll see another recession. At least one, if not several more. sure.. its a cycle that the govt can not control.. and yet they constantly try to.. they fiddle and manipulate and in the end, all that did was cause not only the US but the rest of the world that followed their insane policies into the economic debacle.. and then they turned around and helped the rich 1% at the taxpayers expense... That the gov tries to control something that is uncontrollable is insane..

tazzygirl -> RE: Unemployment continues to drop and other good news... (3/10/2013 6:02:07 PM)
quote: You don't have to respect their data but the fact that they've been right on about 98% of their topics speaks volumes to those who actually give a shit about economic facts. While you fellas salivate over the offerings of zero.. which is sorta funny if you think about it... Im sure you can back that statistic up with a factual, non-zero hedge source. [:D]

DesideriScuri -> RE: Unemployment continues to drop and other good news... (3/10/2013 9:04:09 PM)
quote: ORIGINAL: tj444 quote: ORIGINAL: DesideriScuri quote: ORIGINAL: tj444 They will have some people fooled tho,.. until the next recession hits (which as night follows day, will happen).. just sayin' Shit, that's shooting fish in a barrel. That's like saying a politician is going to lie. There will be another recession. Guaranteed. When it will hit is yet another issue. I have read reports where economists think the Government is what is propping up the DJIA and is $$ behind the employment increase, and all that will disappear when Government starts to pull back. They are saying it's going to happen in the near term. Could be right. Could be wrong. At some point in time, as long as I am not dead before an "average" lifespan, I'm certain I'll see another recession. At least one, if not several more. sure.. its a cycle that the govt can not control.. and yet they constantly try to.. they fiddle and manipulate and in the end, all that did was cause not only the US but the rest of the world that followed their insane policies into the economic debacle.. and then they turned around and helped the rich 1% at the taxpayers expense... That the gov tries to control something that is uncontrollable is insane.. Sadly, you are wrong. That the government tries to control something that is uncontrollable is, well, expected. And, that is the sad part.

tj444 -> RE: Unemployment continues to drop and other good news... (3/10/2013 11:36:36 PM)
quote: ORIGINAL: DesideriScuri Sadly, you are wrong. That the government tries to control something that is uncontrollable is, well, expected. And, that is the sad part. it is expected cuz that stems from election promises to control something that cant be controlled.. which simply makes it even insaner..

LookieNoNookie -> RE: Unemployment continues to drop and other good news... (3/11/2013 12:18:39 AM)
quote: ORIGINAL: tazzygirl quote: You don't have to respect their data but the fact that they've been right on about 98% of their topics speaks volumes to those who actually give a shit about economic facts. While you fellas salivate over the offerings of zero.. which is sorta funny if you think about it... Im sure you can back that statistic up with a factual, non-zero hedge source. [:D] www.ShadowStats.com

tazzygirl -> RE: Unemployment continues to drop and other good news... (3/11/2013 1:57:07 AM)
Which doesnt give me a statistical accuracy for zero hedge. http://en.wikipedia.org/wiki/Shadowstats.com

Yachtie -> RE: Unemployment continues to drop and other good news... (3/11/2013 5:24:26 AM)
quote: ORIGINAL: tazzygirl quote: You don't have to respect their data but the fact that they've been right on about 98% of their topics speaks volumes to those who actually give a shit about economic facts. While you fellas salivate over the offerings of zero.. which is sorta funny if you think about it... Im sure you can back that statistic up with a factual, non-zero hedge source. [:D] So I guess sources ZH uses, like BLS etc, are not good enough? edit: what you show, Tazzy, is that you do not even look at ZH. If you really did you'd find the sources for much of what is there.

tazzygirl -> RE: Unemployment continues to drop and other good news... (3/11/2013 7:16:20 AM)
quote: ORIGINAL: Yachtie quote: ORIGINAL: tazzygirl quote: You don't have to respect their data but the fact that they've been right on about 98% of their topics speaks volumes to those who actually give a shit about economic facts. While you fellas salivate over the offerings of zero.. which is sorta funny if you think about it... Im sure you can back that statistic up with a factual, non-zero hedge source. [:D] So I guess sources ZH uses, like BLS etc, are not good enough? edit: what you show, Tazzy, is that you do not even look at ZH. If you really did you'd find the sources for much of what is there. That still doesnt answer the question about the 98% accuracy, does it.

plesto -> RE: Unemployment continues to drop and other good news... (3/11/2013 8:08:52 AM)
quote: Most of the more recent jobs that have been lost have been in the govt. sector. The point I replying to. Their point implied that the unemployment came down due to your Government adding people to its payroll.

Yachtie -> RE: Unemployment continues to drop and other good news... (3/11/2013 8:39:34 AM)
quote: ORIGINAL: tazzygirl quote: ORIGINAL: Yachtie quote: ORIGINAL: tazzygirl quote: You don't have to respect their data but the fact that they've been right on about 98% of their topics speaks volumes to those who actually give a shit about economic facts. While you fellas salivate over the offerings of zero.. which is sorta funny if you think about it... Im sure you can back that statistic up with a factual, non-zero hedge source. [:D] So I guess sources ZH uses, like BLS etc, are not good enough? edit: what you show, Tazzy, is that you do not even look at ZH. If you really did you'd find the sources for much of what is there. That still doesnt answer the question about the 98% accuracy, does it. That's another point, not the one I was responding to (being sources) nor the one you were posting about. So your attempt via your "does it" jab falls flat. You were responding to me and not the "98% of the time" poster. Best I can give is that on CNBC once it was stated that ZH gets it right more often than most. That spoke quite clearly and loudly. Of course, and I do recall, your stating you prefer the raw data and to make your own call. Given your analysis I have read here at CC, I'll go with ZH as they get it right more than most and you're part of the most.

MrRodgers -> RE: Unemployment continues to drop and other good news... (3/11/2013 8:48:50 AM)
quote: ORIGINAL: Yachtie quote: ORIGINAL: Hillwilliam You forgot about the stock market hitting records 3 days in a row. On what kind of volume and fundamentals?[8\|] What ? Not even a nice try.

MrRodgers -> RE: Unemployment continues to drop and other good news... (3/11/2013 8:54:45 AM)
quote: ORIGINAL: Yachtie quote: ORIGINAL: tazzygirl http://volumewatchers.com/stock-market-analysis/03-05-2013-dow-jones-makes-all-time-high-sp-500-and-nasdaq-go-for-new-52-week-high/ The past week brought us history: on Tuesday, GETCO and Citadel's HFT algos were used by the Primary Dealers and the Fed to send the Dow Jones to all time highs, subsequently pushing it to new all time highs every single day of the week, and higher on 8 of the past 9 days: a 5ish sigma event. But there is never such a thing as a free lunch. And here is the invoice: in the past 5 days alone, total Federal Debt rose from$16.640 trillion to $16.701 trillion as of moments ago: an increase of $61 billion in five days, amounting to $198,697,068 for every of the 307 Dow Jones Industrial Average points "gained" this week. Because remember: US debt is the asset that allows the Fed to engage in monetization and as a result, hand over trillions in fungible reserves to banks... mostly foreign banks. Keep cheering[:(] Yes, I know. New highs only mean anything when there is a righty repub in the white house and so tenuous when a dem has the job. I am sure there is an explanation somewhere. You just can't find one. What unmitigated bullshit. Any such no. (Dow index) is a matter of pure speculation and nothing more. Fundamentals, volume, foreign banks, my ass, these factors are always there no matter the dow and any such arguments only come out to suit someone's partisan shrill.

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