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BLS BS Update

Tyler Durden's picture





 

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 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

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

Thu, 10/14/2010 - 08:58 | Link to Comment Turd Ferguson
Turd Ferguson's picture

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

Thu, 10/14/2010 - 09:08 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

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 | Link to Comment I need more cowbell
I need more cowbell's picture

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 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

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 | Link to Comment TheGreatPonzi
TheGreatPonzi's picture

"where's Krugman"

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

Thu, 10/14/2010 - 08:58 | Link to Comment cbaba
cbaba's picture

Bureau of Lies

Thu, 10/14/2010 - 09:42 | Link to Comment nonclaim
nonclaim's picture

... and Statistics.

Thu, 10/14/2010 - 10:38 | Link to Comment Walt Whitman
Walt Whitman's picture

Bureau of Laughable Static.

Thu, 10/14/2010 - 13:49 | Link to Comment midtowng
midtowng's picture

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 | Link to Comment bada boom
bada boom's picture

"Every (Thurs)Day is Exactly the Same"

Thu, 10/14/2010 - 11:17 | Link to Comment curbyourrisk
curbyourrisk's picture

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

 

 

Thu, 10/14/2010 - 12:04 | Link to Comment NotApplicable
NotApplicable's picture

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 | Link to Comment cnbcsucks
cnbcsucks's picture

BLS - Ben Loves Stimulus

 

Thu, 10/14/2010 - 09:01 | Link to Comment HedgeFun
HedgeFun's picture

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 | Link to Comment Dadoomsayer
Dadoomsayer's picture

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

Thu, 10/14/2010 - 09:02 | Link to Comment the not so migh...
the not so mighty maximiza's picture

QE stimulus was a bust

Thu, 10/14/2010 - 09:04 | Link to Comment Goldenballs
Goldenballs's picture

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 | Link to Comment dbradsha
dbradsha's picture

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

Thu, 10/14/2010 - 09:22 | Link to Comment AccreditedEYE
AccreditedEYE's picture

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 | Link to Comment Oligarchs Gone Wild
Oligarchs Gone Wild's picture

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 | Link to Comment French Frog
French Frog's picture

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 | Link to Comment firstdivision
firstdivision's picture

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 | Link to Comment French Frog
French Frog's picture

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 | Link to Comment NotApplicable
NotApplicable's picture

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 | Link to Comment Miss America
Miss America's picture

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 | Link to Comment doolittlegeorge
doolittlegeorge's picture

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 | Link to Comment Arthor Bearing
Arthor Bearing's picture

"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 | Link to Comment Cvillian
Cvillian's picture

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 | Link to Comment 99er
Thu, 10/14/2010 - 09:57 | Link to Comment Voodoo Economics
Voodoo Economics's picture

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 | Link to Comment DarkMath
DarkMath's picture

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

Thu, 10/14/2010 - 10:13 | Link to Comment George Costanza
George Costanza's picture

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 | Link to Comment 99er
Thu, 10/14/2010 - 10:55 | Link to Comment Gimp
Gimp's picture

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 | Link to Comment Bananamerican
Bananamerican's picture

"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 | Link to Comment Dagny Taggart
Dagny Taggart's picture

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

Thu, 10/14/2010 - 14:49 | Link to Comment bada boom
bada boom's picture

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

Thu, 10/14/2010 - 15:21 | Link to Comment bigfootmm
bigfootmm's picture

I vant to be alone.

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