Birth/Death Adjustment+ 206,000!

Tyler Durden's picture




 
0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 06/03/2011 - 08:40 | 1335290 oogs66
oogs66's picture

ugly every which way you look at it...unless you are markk zandi

Fri, 06/03/2011 - 08:49 | 1335330 bigdumbnugly
bigdumbnugly's picture

roseanne barr in a thong ugly...

mark zandi would probably see some way to get a boner over that, too.

Fri, 06/03/2011 - 11:19 | 1336086 glenlloyd
glenlloyd's picture

mark zandi = tool

Fri, 06/03/2011 - 08:49 | 1335354 Conrad Murray
Conrad Murray's picture

Mark Zandi, how much money does it take to have no shame over gobbling up your master's peckersauce on national TV? Does Barack Hussein Obama make you say "OH YESSA MASSA!" when he's plundering your guts? Ever have LIESman in the mix? QE reacharounds?

Fri, 06/03/2011 - 09:02 | 1335416 oogs66
oogs66's picture

and why does anyone really care what an economist from moody's says?  they suck bad enough at rating things which is their job, why would we care what their economist says when that has nothing to do with their business!

Fri, 06/03/2011 - 09:13 | 1335458 Saxxon
Saxxon's picture

LOL.

Fri, 06/03/2011 - 09:57 | 1335693 solgundy
solgundy's picture

When are you people going to stop peeking behind the curtains?.........................

Fri, 06/03/2011 - 08:41 | 1335293 Quinvarius
Quinvarius's picture

They are starting to talk really fast on CNBC.

Fri, 06/03/2011 - 08:48 | 1335322 THE DORK OF CORK
THE DORK OF CORK's picture

Was Grandpa Greenspan on CNBC this morning ?

 

Fri, 06/03/2011 - 09:08 | 1335434 Cognitive Dissonance
Cognitive Dissonance's picture

He was. It always amazes me how much his speech and thought process cleared up considerably once he left the Fed.

Fri, 06/03/2011 - 11:06 | 1336036 Problem Is
Problem Is's picture

That is like saying a plumber has less butt crack after retiring...

Fri, 06/03/2011 - 09:31 | 1335556 smlbizman
smlbizman's picture

that wasn't greenspan that was woody allen

Fri, 06/03/2011 - 10:08 | 1335643 THE DORK OF CORK
THE DORK OF CORK's picture

The early years............

www.youtube.com/watch?v=-UHOgkDbVqc

this profound experience motivated the young Greenspan to change the conservative ethos of our banking industry.

and the very early years...............

www.youtube.com/watch?v=vGxFpjlIcMU

 

 

Fri, 06/03/2011 - 11:04 | 1336028 Problem Is
Problem Is's picture

"Was Grandpa Greenspan on CNBC this morning ?"

Crazy Chester Greenspan aka Bubble Boy at (1:48)...

Fri, 06/03/2011 - 08:50 | 1335334 JLee2027
JLee2027's picture

How many times can you say "unexpectedly" with a straight face?

Fri, 06/03/2011 - 08:52 | 1335375 Use of Weapons
Use of Weapons's picture

unannounced, unheralded, unpredictedunanticipated, unforeseen, unlooked-for, out of the blue (predicate), unhoped, unhoped-for, unthought, unthought-of, unprovided for (predicate), upset (prenominal)

 

Repetition, repetition, repetition is the key to rote learning.

Fri, 06/03/2011 - 08:46 | 1335300 Badabing
Badabing's picture

BLS bolderdash

Fri, 06/03/2011 - 08:50 | 1335363 Urban Redneck
Urban Redneck's picture

BLS really believes in "Recovery Summer" bullshit.

Mining & Logging 2,000              
Construction 35,000              
Manufacturing 6,000              
Trade, Transportation, & Utilities 25,000              
Information 4,000              
Financial Activities 7,000              
Professional & Business Services 26,000              
Education & Health Services 18,000              
Leisure & Hospitality 75,000              
Other Services 8,000              
Total Nonfarm Birth/Death Adjustment 206,000

Fri, 06/03/2011 - 09:06 | 1335423 oogs66
oogs66's picture

the only real number here is the mcdonald's hiring spree

Fri, 06/03/2011 - 08:44 | 1335304 Atomizer
Atomizer's picture

Liesman: Well, its better than expected.

Fri, 06/03/2011 - 08:43 | 1335309 firstdivision
firstdivision's picture

DSK and Schwarzenegger need a vasectomy

Fri, 06/03/2011 - 08:47 | 1335310 mmlevine
mmlevine's picture

What makes no sense to me is why the government is giving up now?  After manipulating the numbers and markets for years, why fuck it all up now?

Fri, 06/03/2011 - 08:48 | 1335323 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

...'cause the churning to the suckers has finished?

Fri, 06/03/2011 - 08:51 | 1335338 mmlevine
mmlevine's picture

I am the one sucker who held out until about 2 weeks ago. Serious. Fade me please and make some money.

Fri, 06/03/2011 - 08:50 | 1335332 Dr. No
Dr. No's picture

You have to assume the big banks are positioned to profit and it will all make sense.  The FED and Treasury have been shaking things down for the past 3 years so the big banks could unwind.  Since the music seems to be slowing down, it is a signal the banks are finally hedged.

Fri, 06/03/2011 - 08:54 | 1335369 mmlevine
mmlevine's picture

The big boys have been posting huge profits for 6 quaters. Stopping all the bullshit now, 6 quarters can go poof in one.

Fri, 06/03/2011 - 09:35 | 1335581 hedgeless_horseman
hedgeless_horseman's picture

At year's end, which portfolio has the better return?  The answer may surprise you. 

 

Portfolio A

Q1 +7%

Q2 +7%

Q3 +7%

Q4 +7%

 

Portfolio B

Q1 +15%

Q2 +15%

Q3 +15%

Q4 (-15%)

 

Scroll down for answer...

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

It is portfolio A.

Fri, 06/03/2011 - 08:55 | 1335383 TheTmfreak
TheTmfreak's picture

Its pretty simple to explain.

If it were possible to "get away" with all of this manipulation with their "cleverness" then they would and we wouldn't even be having this discussion.

Since we see that it isn't always possible to get away with it (these guys aren't gods, or even really that smart) you're eventually going to see the shit for what it is.

 

Fri, 06/03/2011 - 08:59 | 1335387 Silver Dreamer
Silver Dreamer's picture

The turnip cannot be squeezed anymore.  The looting is complete?

Fri, 06/03/2011 - 10:40 | 1335889 MachoMan
MachoMan's picture

The looting is never complete.  I'll chalk this up as routine maintenance of the manipulation mechanisms...  we'll know in a couple months.

Fri, 06/03/2011 - 09:09 | 1335440 A Man without Q...
A Man without Qualities's picture

why the government is giving up now?

i) The impact of event in Japan cannot be disguised

ii) Washington wants more QE and Bernanke said things need to get really bad

iii) Message to Repubs not to fuck around and agree the debt ceiling hike

iv) They want the economy to worsen now, so they can make it look like it's improving for the elections next year

v) They've just given up hope, no point trying to continue the farce...

 


Fri, 06/03/2011 - 10:45 | 1335921 narapoiddyslexia
narapoiddyslexia's picture

My small experience tells me that almost everything that puzzles me about human behavior and motivation can be explained by simple incompetence.

Fri, 06/03/2011 - 12:19 | 1335943 overmedicatedun...
overmedicatedundersexed's picture

simple incompetence does not explain TARP, NAFTA, free trade, and mega bank bail outs..the truth is  the simple answer: it's a plan and your world view is not in it.

Fri, 06/03/2011 - 08:47 | 1335312 Racer
Racer's picture

206K imaginary jobs? WTF!

Fri, 06/03/2011 - 09:16 | 1335313 Blythes Master
Blythes Master's picture

Interesting considering the fact that the US recently has had the lowest per capita birthrate since the mid 70's.

 

Nothing to see here.

 

Move along.

 

Edit for the cock gobbler that junked me...

 

I was being facetious, dimwit.

Fri, 06/03/2011 - 09:18 | 1335479 Palladin
Palladin's picture

The BLS Birth/Death model has nothing to do with people being born or dying. It's another made up paramater that the BLS has come up with. It assumes that business are Born and Die. When they are Born, jobs are created. When they Die, jobs are lost. More on the Birth/Death Ram-a-Ram can be found here:

http://www.bls.gov/web/empsit/cesbd.htm

 

.

 

Fri, 06/03/2011 - 08:43 | 1335315 mcmoo
mcmoo's picture

Zandi looks like a deer in the headlights. QUESTION: Can anyone weigh in on SILVER today.....Happy Friday!

Fri, 06/03/2011 - 08:46 | 1335329 rubearish10
rubearish10's picture

Still treated more like an economically sensitive investment than currency.

Fri, 06/03/2011 - 08:47 | 1335344 Jayda1850
Jayda1850's picture

slowing economy means slowing industrial demand, which is still about 60% the price, like it or not.

Fri, 06/03/2011 - 09:15 | 1335478 Saxxon
Saxxon's picture

Both correct re silver, both unfairly junked.

Fri, 06/03/2011 - 10:10 | 1335755 Slim
Slim's picture

There should be some function to see who junked it.  I guarantee less junks if you institute that.  I think a lot of people here junk anything that isn't outright bullish for their own personal view and portfolio (and we have some extreme personal views and portfolios so expect tons of junks and mostly conflicted ones).

Fri, 06/03/2011 - 09:04 | 1335429 Arnolds Love Child
Arnolds Love Child's picture

One more excuse for the cartel to whack the shit out of it. Do not sell any physical. Shlomo shall print.

Fri, 06/03/2011 - 13:59 | 1336795 jus_lite_reading
Fri, 06/03/2011 - 08:47 | 1335316 apberusdisvet
apberusdisvet's picture

CNBC is now theater of the absurd.  Liesman is such a propaganda tool. Why does Santelli even try to speak the truth?

Fri, 06/03/2011 - 08:48 | 1335319 Cdad
Cdad's picture

And the VIX is at 18 because....?

Fri, 06/03/2011 - 08:55 | 1335373 Ray1968
Ray1968's picture

Good question.

Fri, 06/03/2011 - 08:58 | 1335390 Cdad
Cdad's picture

VIX should open at about 19.40

After that, we shall see if Ben Bernanke's own personal VIX creation units machine kicks in, and massive amounts of imaginary options suddenly become available for sale.  And either that machine is plugged in, or the VIX soars over 20, and next week will be FUBAR city.

 

Fri, 06/03/2011 - 09:10 | 1335444 assumptionblindness
assumptionblindness's picture

The low VIX over last couple of weeks has been puzzling to say the least.  In the last couple of days the markets have been having second by second flash crashes and flash melt ups.  Yesterday, in particular, the DOW moved 20 points in 10 seconds more times than I could count.  Yeah, volatility is really low, right!  I need a drink....  Who knows, we will probably end today with the VIX below 18 and the markets closing up 1%.  Paging Johnny 5, paging Johnny 5...  

Fri, 06/03/2011 - 08:57 | 1335380 mmlevine
mmlevine's picture

Because it's a fix.  Lower option pricing?  Cause if the VIX was 50 where it belongs, options would be through the roof and there go the option dealers.

Fri, 06/03/2011 - 10:07 | 1335747 Dain Bramage
Dain Bramage's picture

....options are no longer a hedge for this mess.

Why do you think gold is so high?

Do NOT follow this link or you will be banned from the site!