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RE: Unemployment continues to drop and other good news... - 3/9/2013 1:51:51 PM   
JeffBC


Posts: 5799
Joined: 2/12/2012
From: Canada
Status: offline 		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.

_____________________________

I'm a lover of "what is", not because I'm a spiritual person, but because it hurts when I argue with reality. -- Bryon Katie
"You're humbly arrogant" -- sunshinemiss
officially a member of the K Crowd

(in reply to Owner59)
Profile   Post #: 21
RE: Unemployment continues to drop and other good news... - 3/9/2013 2:15:56 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		As I said.. slight turn... you wont see me cheering for a while.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

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RE: Unemployment continues to drop and other good news... - 3/10/2013 4:32:47 PM   
tj444


Posts: 7574
Joined: 3/7/2010
Status: offline 		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'

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As Anderson Cooper said “If he (Trump) took a dump on his desk, you would defend it”

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RE: Unemployment continues to drop and other good news... - 3/10/2013 4:57:21 PM   
LookieNoNookie


Posts: 12216
Joined: 8/9/2008
Status: offline
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?


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!!!!")

(in reply to Yachtie)
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RE: Unemployment continues to drop and other good news... - 3/10/2013 4:58:03 PM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
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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.


_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to tj444)
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RE: Unemployment continues to drop and other good news... - 3/10/2013 4:58:59 PM   
LookieNoNookie


Posts: 12216
Joined: 8/9/2008
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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 :)



< Message edited by LookieNoNookie -- 3/10/2013 4:59:16 PM >

(in reply to Yachtie)
Profile   Post #: 26
RE: Unemployment continues to drop and other good news... - 3/10/2013 5:03:44 PM   
LookieNoNookie


Posts: 12216
Joined: 8/9/2008
Status: offline
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.


(in reply to tazzygirl)
Profile   Post #: 27
RE: Unemployment continues to drop and other good news... - 3/10/2013 5:04:45 PM   
LookieNoNookie


Posts: 12216
Joined: 8/9/2008
Status: offline
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.




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?

(in reply to plesto)
Profile   Post #: 28
RE: Unemployment continues to drop and other good news... - 3/10/2013 5:47:30 PM   
tj444


Posts: 7574
Joined: 3/7/2010
Status: offline
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..

_____________________________

As Anderson Cooper said “If he (Trump) took a dump on his desk, you would defend it”

(in reply to DesideriScuri)
Profile   Post #: 29
RE: Unemployment continues to drop and other good news... - 3/10/2013 6:02:07 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline
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.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to LookieNoNookie)
Profile   Post #: 30
RE: Unemployment continues to drop and other good news... - 3/10/2013 9:04:09 PM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
Status: offline
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.


_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to tj444)
Profile   Post #: 31
RE: Unemployment continues to drop and other good news... - 3/10/2013 11:36:36 PM   
tj444


Posts: 7574
Joined: 3/7/2010
Status: offline
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..

_____________________________

As Anderson Cooper said “If he (Trump) took a dump on his desk, you would defend it”

(in reply to DesideriScuri)
Profile   Post #: 32
RE: Unemployment continues to drop and other good news... - 3/11/2013 12:18:39 AM   
LookieNoNookie


Posts: 12216
Joined: 8/9/2008
Status: offline
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.


www.ShadowStats.com

(in reply to tazzygirl)
Profile   Post #: 33
RE: Unemployment continues to drop and other good news... - 3/11/2013 1:57:07 AM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		Which doesnt give me a statistical accuracy for zero hedge.

http://en.wikipedia.org/wiki/Shadowstats.com

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to LookieNoNookie)
Profile   Post #: 34
RE: Unemployment continues to drop and other good news... - 3/11/2013 5:24:26 AM   
Yachtie


Posts: 3593
Joined: 1/18/2012
Status: offline
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.



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.

< Message edited by Yachtie -- 3/11/2013 5:26:57 AM >

_____________________________

“We all know it’s going to end badly, but in the meantime we can make some money.” - Jim Cramer, CNBC

“Those who ‘abjure’ violence can only do so because others are committing violence on their behalf.” - George Orwell

(in reply to tazzygirl)
Profile   Post #: 35
RE: Unemployment continues to drop and other good news... - 3/11/2013 7:16:20 AM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline
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.



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.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to Yachtie)
Profile   Post #: 36
RE: Unemployment continues to drop and other good news... - 3/11/2013 8:08:52 AM   
plesto


Posts: 49
Joined: 7/2/2012
Status: offline
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.

(in reply to LookieNoNookie)
Profile   Post #: 37
RE: Unemployment continues to drop and other good news... - 3/11/2013 8:39:34 AM   
Yachtie


Posts: 3593
Joined: 1/18/2012
Status: offline
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.



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.


< Message edited by Yachtie -- 3/11/2013 8:42:43 AM >

_____________________________

“We all know it’s going to end badly, but in the meantime we can make some money.” - Jim Cramer, CNBC

“Those who ‘abjure’ violence can only do so because others are committing violence on their behalf.” - George Orwell

(in reply to tazzygirl)
Profile   Post #: 38
RE: Unemployment continues to drop and other good news... - 3/11/2013 8:48:50 AM   
MrRodgers


Posts: 10542
Joined: 7/30/2005
Status: offline
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?

What ? Not even a nice try.

(in reply to Yachtie)
Profile   Post #: 39
RE: Unemployment continues to drop and other good news... - 3/11/2013 8:54:45 AM   
MrRodgers


Posts: 10542
Joined: 7/30/2005
Status: offline
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.

(in reply to Yachtie)
Profile   Post #: 40
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