• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

The Birth/Death Adjustment Was Responsible For Over 50% Of The Payroll Gains In The Past Year

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Fri, 07/08/2011 - 14:18 | 1437524 glock19
glock19's picture

All that Filipino meat....but no potatos

Fri, 07/08/2011 - 14:32 | 1437589 Clueless Economist
Clueless Economist's picture

Hey Pal, I invented that Birth Death Adjustment. How in heck doya think I won that Nebel Prize?

Fri, 07/08/2011 - 14:49 | 1437678 TruthInSunshine
TruthInSunshine's picture

Dr. Paul Krugman,

If you were to advice the TOTUS..errrr POTUS...who doesn't seem all that interested or knowledgeable in economic matters, would you advise him to have Geithner print and sell the equivalent amount of debt that now comprises the U.S. National Debt, in order to pay off said existing U.S. National Debt?

Also, would you advise more shovel ready projects, and in terms of expediency, would having the U.S. Government build shovel factories, to produce shovels, and hand out to all Americans, to allow us the opportunity to dig ourselves out of our collective debt, be prudent?

Fri, 07/08/2011 - 15:34 | 1437948 Clueless Economist
Clueless Economist's picture

The answer to your questions are Yes and Yes.  Keynes has all the answers

Fri, 07/08/2011 - 23:29 | 1439078 Problem Is
Problem Is's picture

But Pauly-Boy... You keep putting the Keynes answers to the wrong questions...

Try this for answers...

Like all PhD Economist from the "right" schools...

It has just one black plastic ball...

Fri, 07/08/2011 - 23:11 | 1439065 jeff montanye
jeff montanye's picture

..errrr POS(US).

Fri, 07/08/2011 - 14:24 | 1437552 camaro68ss
camaro68ss's picture

why have you not updated us on the T Bill sales after QE2. I want to know whats going on

Fri, 07/08/2011 - 14:53 | 1437695 TruthInSunshine
Fri, 07/08/2011 - 14:28 | 1437554 Cognitive Dissonance
Cognitive Dissonance's picture

Dammit Tyler, there you go again being all logical and stuff. WTF? Drink your fracking Kool-Aide and STFU.

"We now return you to your regularly scheduled programming......right after a few words from our sponsors."

/sarc

<as if I need to use the /sarc tag....but there are a few new trolls who need to be trained so what the heck, why not?>

Fri, 07/08/2011 - 14:31 | 1437582 TruthInSunshine
TruthInSunshine's picture

They will ultimately send the jackals after TD and all others who factually rip apart the seams holding the Matrix together, on a daily basis, and who prove that the Main Stream Media, and especially the vaunted 'financial press,' including that stalwart of integrity and honesty all things economic reporting - CNBcS - is as useful as teets/tits on a bull.

The pen is mightier than the sword, however.

And there are galaxy sized flaws in the code of the Matrix.

Fri, 07/08/2011 - 14:39 | 1437622 Cognitive Dissonance
Fri, 07/08/2011 - 14:45 | 1437652 coppertop
coppertop's picture

Hows that pot prescription working out?

Fri, 07/08/2011 - 15:10 | 1437789 TruthInSunshine
TruthInSunshine's picture

How's that operation Sock Puppet thingy working out?

Fri, 07/08/2011 - 15:13 | 1437807 coppertop
coppertop's picture

he's my sugar bugger bear

Fri, 07/08/2011 - 15:30 | 1437909 TruthInSunshine
TruthInSunshine's picture

mmmm...delicious taxpayer nectar ftw.

Do you get surf to porn on the your taxpayer paid for computer and broadband, too?

The SEC peeps get to surf porn. Lots of it.

If you don't, you should file a grievance for your union to petition redress for.

Fri, 07/08/2011 - 15:46 | 1438007 coppertop
coppertop's picture

Rock! with your crawford out!

Fri, 07/08/2011 - 16:06 | 1438096 TruthInSunshine
TruthInSunshine's picture

Speak English, Sockpuppet

Fri, 07/08/2011 - 23:31 | 1439086 Problem Is
Problem Is's picture

Another 7 week bitch...

The 9th Rule of Fight Club
Newbies have to STFU and read their first 26 weeks...

You did, Sunshine...

Fri, 07/08/2011 - 16:43 | 1438245 knukles
knukles's picture

So it's true, Cindy Crawford did get a penis implant?
SEC viewing eligible.

Fri, 07/08/2011 - 23:24 | 1439081 Problem Is
Problem Is's picture

Cindy just has a really big clit...

Fri, 07/08/2011 - 14:39 | 1437612 hambone
hambone's picture

F'ing A TD,

what are going to mention next?...imaginary jobs added via B/D and real people imagined out of existence in lower participation don't really add up to a recovery?

Your bullshit is costing our gov significant amounts of time / effort to counterbalance (ok, significantly overcome) w/ propaganda.  Then again, I guess I should be thanking you for all the stimulation created to employ thousands (more?) to contradict what our foolish eyes attempt to tell us is reality.  Thank god there are minions out there to reassure us that fairy tales do come true.

Fri, 07/08/2011 - 14:52 | 1437687 hambone
hambone's picture

TD,

you are telling us what we know - that we are being openly, brazenly lied to and manipulated by our leaders.  Totally agree.  And it goes deeper and deeeeeper and deeeeeeeeeeeeper.

So what? 

What the fuck are we doing here?  Hop along and profit from the lies like RT or the like?  Tear it all down?  How?  Just piss and moan and prepare for...?  Sometimes all the knowledge is far worse than none at all.  Like watching a horror flick where you see it all coming but can't warn the victims or stop the outcome...

Yes, of course I'm doing all I can to prepare myself and my family but F'ing A - seems so inadequate.

Fri, 07/08/2011 - 14:52 | 1437693 Oh regional Indian
Oh regional Indian's picture

hbone, i think the point might be that these guys and their lying Statisticians could have manipulated this report too.

They did not. Means time for bitter medicine is now at hand. That is how I see it.

Cascading bad news next week.

ORI

http://aadivaahan.wordpress.com/2011/07/08/july-15th-aug-15th-month-long-window-coming-up-initial-thoughts/

Fri, 07/08/2011 - 17:27 | 1438402 hambone
hambone's picture

ORI,

I forget when I'm supposed to believe it's a fraud (disregard) and when they think I'll think it's a fraud so they put out the real stuff (or double down on the fraud)...

 

Sat, 07/09/2011 - 08:59 | 1439386 Oh regional Indian
Oh regional Indian's picture

Dilemma eh hambone?

Anyone with a weak BS detector in these times will get taken for a ride. Or two!

ORI

Fri, 07/08/2011 - 14:27 | 1437559 RichardENixon
RichardENixon's picture

They're gonna have to turn that Birth/Death adjustment dial up to 11, post haste.

Fri, 07/08/2011 - 14:31 | 1437586 Cognitive Dissonance
Cognitive Dissonance's picture

Oh no, it only goes up to 10.

"I need more power Scotty. I've got to have more power."

Fri, 07/08/2011 - 14:49 | 1437674 coppertop
coppertop's picture

You're able to do pictures andd this is what you give us?

Fri, 07/08/2011 - 14:58 | 1437714 hambone
hambone's picture

No heaving breasts, no grand canyon deep cleavage, no gratuitous bouncing flesh???

The mob has spoken and called you a "knob".

Fri, 07/08/2011 - 15:11 | 1437799 coppertop
coppertop's picture

its funny how you dont resemble a mob at first glance

Fri, 07/08/2011 - 15:29 | 1437893 hambone
hambone's picture

But on the second or third glance I do resemble a mob?  Makes sense to me as I can barely hear myself think over all the voices shouting in my head.

Fri, 07/08/2011 - 15:01 | 1437717 Cognitive Dissonance
Cognitive Dissonance's picture

I'm pleased to see you are beginning to use capitalization and punctuation. Wonderful.

Now let's work on spelling. See that check mark with the 'ABC' over it on the comment tool bar? That's the "spell check' function.

Repeat after me.    S P E L L    C H E C K

Very good! Class dismissed until Monday. But not before some Jackson Five and their hit single "ABC".

http://www.youtube.com/watch?v=ZOXG8wtxx_w

Fri, 07/08/2011 - 15:07 | 1437759 IrishSamurai
IrishSamurai's picture

Good thing you fixed that (capitilation) ... you nearly pwned yourself.

 

 

Fri, 07/08/2011 - 15:22 | 1437872 Cognitive Dissonance
Cognitive Dissonance's picture

Good thing alright. Remember boys and girls, we must always apply a little common sense for those times when the spell check passes a word that is clearly wrong. But that was next week's lesson.

Thank you for playing along at home and we have some fine parting gifts for you as a token of our gratitude. Please send $49.95 for shipping and handling to ZeroHedge.com and we'll ship your prize as soon as Tyler confirms receipt of the fee.

Have a nice day!

Fri, 07/08/2011 - 15:30 | 1437917 IrishSamurai
IrishSamurai's picture

You must be from the Obama administration ... using the DDD strategy to address when you actually make a mistake ...

Fri, 07/08/2011 - 15:47 | 1438015 Cognitive Dissonance
Cognitive Dissonance's picture

Where have you been dude? I haven't seen you in like....months. Like many months.

Breaking in those alter egos again without exercising your primary? Dude, get with the program. You know the basics.

Fri, 07/08/2011 - 15:52 | 1438045 coppertop
coppertop's picture

at the man-boy love assn

Fri, 07/08/2011 - 16:13 | 1438151 IrishSamurai
IrishSamurai's picture

NAMBLA?  Really?

Wow. I. Am. Like. So. Burned. By. Your. Wit.

Fri, 07/08/2011 - 16:12 | 1438142 IrishSamurai
IrishSamurai's picture

Only 1 avatar ... not a frequent poster ... Mark Twain and all that ...

Plus captcha like "BLANK minus 30 equals minus nine" that only allow 2 characters are like putting the dude you jacked in a round room and telling him to piss in a corner ...

Speaking of which ... based on his latest response, carry on ... he's the douche ...

 

Fri, 07/08/2011 - 14:27 | 1437564 inkarri9
inkarri9's picture

Give it a few months.  Isn't that how long it took the Democrats to figure out that Obama was discussing SS cuts before they "realized" was what going on?

Fri, 07/08/2011 - 16:49 | 1438260 knukles
knukles's picture

The Progressives getting lost in the old fashioned Liberal doublespeak lifted whole cloth from the Left's association with the Democratic Party.  

Fri, 07/08/2011 - 14:28 | 1437569 I am more equal...
I am more equal than others's picture

the demographic distribution of death is asymetric.  so economentalist skew it back to a symetrical distribution which means a lot of 30 yr olds are clicking off at record numbers.  But when I read the obits and look at the ages I see a bunch of retired people - long since retired.  I guess maintaining their gardens is counted as a job. 

Fri, 07/08/2011 - 14:33 | 1437597 IrishSamurai
IrishSamurai's picture

Mr. Blutarsky ... the Birth/Death model is for businesses, not people.

Fri, 07/08/2011 - 14:39 | 1437625 mayhem_korner
mayhem_korner's picture

Mr. Blutarsky - LOL

Yes.  Opacity is the key to the kleptocrats' empowerment.  Numbers must be non-disprovable.

Fri, 07/08/2011 - 16:51 | 1438274 knukles
knukles's picture

Yes, like stimulus having created 127,354, 399,405.33 jobs within the last 3.1135 years.

Fri, 07/08/2011 - 14:28 | 1437570 goldm3mb3r
goldm3mb3r's picture

Kick off a war, set up a draft.

Fri, 07/08/2011 - 14:30 | 1437577 carbonmutant
carbonmutant's picture

That script is embargoed until next year...

Fri, 07/08/2011 - 14:35 | 1437603 Cognitive Dissonance
Cognitive Dissonance's picture

Question: What do you do when you already have a "war" president?

Answer: Easy silly. Make more/bigger wars. Now get back to work slave. Or do I report you to the draft board as available?

Fri, 07/08/2011 - 14:40 | 1437624 carbonmutant
carbonmutant's picture

It appears the current answer is to redefine war as something like "limited kinetic action"

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