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BLS BS Update

Submitted by Tyler Durden on 10/14/2010 08:56 -0400

The chart pretty much speaks for itself. Voodoo economics at its best. Speaking of, where's Krugman?

h/t John Lohman

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Thu, 10/14/2010 - 08:57 | 648823 Cognitive Dissonance

Come on six.....er.....Fed. Momma needs a new car.

Thu, 10/14/2010 - 08:58 | 648825 Turd Ferguson

Hey, TD, BLS BS is my term! I demand all copyright and trademark fees!

Thu, 10/14/2010 - 09:08 | 648860 Cognitive Dissonance

For your compensation, you get to defrag and backup the main server tonight. :>)

Be careful what you ask for. I asked the same thing of Tyler and I was told to clean out the email in box one by one.

Thu, 10/14/2010 - 10:16 | 649102 I need more cowbell

Your gold profits ( from the gold prophet ) should be enough, greedy bastardo!

Thank god for that little backtrack from $1386 today thus far, we just can't have it moonshoot every day now can we? Even at that, yet another up day in almost every currency, except Euro. What are those folks smoking? Gold or paper backed by a collection of feuding nations going back thousands of years, for $100 Alex.

Thu, 10/14/2010 - 10:24 | 649124 Cognitive Dissonance

Parabolic blow off. The question isn't if it will fail but when. My experience is that the over shoot up will only be exceeded by the over shoot down.

Now where are my air sickness pills?

Thu, 10/14/2010 - 08:58 | 648826 TheGreatPonzi

"where's Krugman"

In his bunker, on the Cayman Islands, with three bodyguards and a MG-42.

Thu, 10/14/2010 - 08:58 | 648827 cbaba

Bureau of Lies

Thu, 10/14/2010 - 09:42 | 648988 nonclaim

... and Statistics.

Thu, 10/14/2010 - 10:38 | 649168 Walt Whitman

Bureau of Laughable Static.

Thu, 10/14/2010 - 13:49 | 649902 midtowng

Go easy on 'em. The number guys at the BLS are just doing the job they were hired to do - to lie to us.

Thu, 10/14/2010 - 09:00 | 648834 bada boom

"Every (Thurs)Day is Exactly the Same"

Thu, 10/14/2010 - 11:17 | 649273 curbyourrisk

It's ground hog day......everyday.

Thu, 10/14/2010 - 12:04 | 649474 NotApplicable

I believe I can see the future
Cause I repeat the same routine
I think I used to have a purpose
But then again
That might have been a dream
I think I used to have a voice
Now I never make a sound
I just do what I've been told
I really don't want them to come around

Oh, no

Thu, 10/14/2010 - 09:01 | 648838 cnbcsucks

BLS - Ben Loves Stimulus

Thu, 10/14/2010 - 09:01 | 648840 HedgeFun

At first look i thought that was gold price projection (top, in blue) with us deficit projection (below, in red).

Thu, 10/14/2010 - 09:02 | 648841 Dadoomsayer

but the stock market is up nearly 80%, how could employment fall?

Thu, 10/14/2010 - 09:02 | 648842 the not so migh...

QE stimulus was a bust

Thu, 10/14/2010 - 09:04 | 648848 Goldenballs

How could the statasticians allow true data to leak out.This is not funny the person responsible needs to be found and given a promotion.

Thu, 10/14/2010 - 09:09 | 648865 dbradsha

Be interesting to add POMO/Fed purchases to those graphs !

Thu, 10/14/2010 - 09:22 | 648891 99er

Charts

ES http://99ercharts.blogspot.com/2010/10/es_14.html

DX http://99ercharts.blogspot.com/2010/10/dollar_14.html

Good luck!

Thu, 10/14/2010 - 09:22 | 648925 AccreditedEYE

Everyone see the WSJ today? When you start to see Private Equity reaching for the cookie jar of debt fueled dividend cash extractions, it has always been a sign we are near a top. (Who the hell BUYS this crap from them??? Oh, right! Illinois TRS! LMAO! )

Thu, 10/14/2010 - 09:17 | 648894 Oligarchs Gone Wild

What we have right now is the equivalent of the modern day Manhattan project. Where the smartest scientists and mathematicians are working around the clock.

The difference with these modern "geniuses" is that they are nothing more than alchemists, yet their outcomes may be oddly similar.

Thu, 10/14/2010 - 09:17 | 648895 French Frog

I'm not even from the US but this is worth a try, if anything, just to see if any reply is forthcoming at all.

Why doesn't EVERYBODY at ZH do the following:

1) go to http://data.bls.gov/cgi-bin/forms/opb?

2) ask the BLS something along the line of "it is almost a statistical impossibility that out of 26 revisions, 25 were to the upside & can you please comment?"

3) if necessary, include the link with the data from Bloomberg http://www.zerohedge.com/sites/default/files/images/user5/imageroot/shirakawa/BLS%20Revision%20Update.jpg

Thu, 10/14/2010 - 09:30 | 648948 firstdivision

For two simple reasons.

1) Americans are notoriously lazy.

2) Beuracrats know that if you ignore requests long enough, the other party always folds first.

Thu, 10/14/2010 - 09:36 | 648968 French Frog

they have already acknowledged by question by email; i'll update if/when i get an answer.

but people at ZH aren't lazy so why not do it?

Thu, 10/14/2010 - 12:08 | 649491 NotApplicable

I'm not lazy, I just have no expectations that criminals are inclined to provide efficient goods and services.

If you get an answer at all it will be standard boiler-plate "thank you for your concern, blah... blah... blah... " followed by massive obfuscation of any ideas you try to bring up.

In other words, it will be nothing but a PR whitewash.

Good luck with that.

Thu, 10/14/2010 - 11:21 | 649290 Miss America

Re: "1) Americans are notoriously lazy."

...do you have any statistics on that?

Also, what defines "lazy"?

I hate when cliches are used as a substitute for actually doing the non-lazy research that would justify the claim. Just curious, cause I hate inaccurate stereotypes.

All the best,

MA/RH

Thu, 10/14/2010 - 09:30 | 648950 doolittlegeorge

no news that government's "manipulate the numbers" is it. still, "to be expected." to say "not your recovery" is a Wall Street speciality. So is someone saying to Wall Street "not your recovery." His name was Warren Buffet.

Thu, 10/14/2010 - 09:59 | 649049 Arthor Bearing

"Please explain why it was necessary to revise jobless claims so many times to such a high difference in aggregate claims during 2010. Additionally, statistically it is highly improbable that your Bureau would always need to revise upwards; it suggests political pressure so I'm eager for you to put my concerns to rest by providing a proper explanation."

I don't expect this to create any significant change, but it's kinda fun to fuck with bureaucrats.

Thu, 10/14/2010 - 09:26 | 648936 Cvillian

Krugman's in Asia getting his Keynes on and talking sh-t in da face!

http://www.cnbc.com/id/15840232?video=1614756246&play=1

And

http://www.cnbc.com/id/15840232?video=1614843736&play=1

Thu, 10/14/2010 - 09:38 | 648973 99er

Chart: ES and ZB

http://99ercharts.blogspot.com/2010/10/es-zb_14.html

Thu, 10/14/2010 - 09:57 | 649044 Voodoo Economics

Sorry, Im' late but I'm here TD. Yes, as you can see, I do work at th BLS, too.

Thu, 10/14/2010 - 10:08 | 649076 DarkMath

Velvet weekend. It will allow an orderly collapse of the dollar. Panic is so chaotic.

Thu, 10/14/2010 - 10:13 | 649094 George Costanza

it took me 30 seconds to paste the question into the BLS web page.

http://data.bls.gov/cgi-bin/forms/opb?

everyone should ask the looters about the impossible series of revisions.

Really, they should just close down the BLS, and save the taxpayers the money.

Thu, 10/14/2010 - 10:27 | 649137 99er

Chart: SPX

http://99ercharts.blogspot.com/2010/10/spx_14.html

Thu, 10/14/2010 - 10:55 | 649218 Gimp

In the 1980's we would laugh at the propoganda coming out of the Soviet Union on the bullshit news they expected people to believe on how well their economy was doing.

Today we laugh and then cry knowing the great USA is doing the same thing and expecting "We the people" to believe it.

I need some HOPE....

Thu, 10/14/2010 - 11:40 | 649366 Bananamerican

"Vat? You are saying we are not Hyperpower no more maybe?"

Ve are world's only Hyperpower™!! and the "Richest Nation On Earth"™ Ve "Put Man On The Moon"™ and "Fought Them Over There So You Won't Have To Fight Them Over Here"™....

Thu, 10/14/2010 - 14:28 | 650037 Dagny Taggart

Christ, I hope they're not vetting Krugman at the White House.

Thu, 10/14/2010 - 14:49 | 650102 bada boom

Why not, I think he would make a great fed chairman as well, no?

Thu, 10/14/2010 - 15:21 | 650275 bigfootmm

I vant to be alone.

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BLS BS Update

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