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Charting Statistical Fraud At The BLS: 22 Out Of 23 Consecutive Upward Revisions In Initial Jobless Claims

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Thu, 09/30/2010 - 20:05 | 617082 Racer
Racer's picture

The real people are resigned to breadlines and chucked on the rubbish as corpses, the revised headline "improvement" feed the banksters greed to stuff their faces on the entrails

Thu, 09/30/2010 - 22:55 | 617381 Billy Ray Val
Billy Ray Val's picture
  • And if all others accepted the lie which the Party imposed—if all records told the same tale—then the lie passed into history and became truth. 'Who controls the past' ran the Party slogan, 'controls the future: who controls the present controls the past.'"
    - George Orwell, 1984, Book 1, Chapter 3
Thu, 09/30/2010 - 23:12 | 617408 BobWatNorCal
BobWatNorCal's picture

Don't forget the "birth/death model" scam too.

Fri, 10/01/2010 - 10:15 | 618078 michael.suede
michael.suede's picture

BLS should be revised to BS

Fri, 10/01/2010 - 01:17 | 617540 George Orwell
George Orwell's picture

Ahhh... my favorite book.  Thanks for the pump.

Fri, 10/01/2010 - 03:02 | 617603 StychoKiller
StychoKiller's picture

Scariest damn horror story I've EVER read!  Unfortunately, it looks like TPTB are using it for a blueprint!

Fri, 10/01/2010 - 08:10 | 617811 Edward G. Rendell
Edward G. Rendell's picture

Everyone's so dramatic!  Anyhow, I was curious if there was a dataset on weekly revisions prior to 2010.

It makes sense to me that more complete data--needing more time to gather--will innocently demonstrate that the previous number was underestimated.  

I mean, I get, "even if you're right, the data is that way for Big Brother to lie to us--Tyler said so."  Still, I'm just curious. 

Thu, 09/30/2010 - 20:04 | 617083 makeyoumiss
makeyoumiss's picture

Green Shoots.

Thu, 09/30/2010 - 22:00 | 617292 Careless Whisper
Careless Whisper's picture

that's right. u see goldman is creating lots of new jobs. they said so. in full page newspaper ads:

http://www.brandchannel.com/home/post/2010/09/30/Goldman-Sachs-Advertisi...

and in other goldman squid news, fabulous fab sez the sec fraud laws don't apply to him... the cdo transactions were done overseas. hehe.

the antifraud provisions of the federal securities laws can be applied if, and only if, the securities transaction at issue takes place in the United States

 

http://news.yahoo.com/s/nm/20100930/bs_nm/us_goldman_tourre

Thu, 09/30/2010 - 22:26 | 617325 maddy10
maddy10's picture

Goldman creating jobs???hahaha

see this:

http://business.rediff.com/report/2010/aug/31/infy-plans-extreme-offshore-model.htm

After all the ruckus about Indians getting green cards in US in the name of outsourcing, they have finally kicked the onsite guys off the planet and are going for extreeeeme outsourcing.

CLOUD COMPUTING! must have heard abt this as the "new hip /hype/fad on silicon valley"

No more need for visas, green cards or anything!

All Fortune[only to their managers]1000 companies will kneel before their fortunes and embrace this no-employee-onsite-running-the- company-by video-conferencing-model for next 10 years

why bother hiring people when all the software can be used online

This is the consequence of Hyper-computing !

who said revolutionary ideas are always good

Clap Clap Clap! Bring on the accolades,awards for the new innovation!

"We believe by removing the unreliable human component in the execution of projects we have drastically improved productivity and this should improve margins and make companies more competetive"

clap clap clap; so 2 geeky guys sitting in bangalore will manage HR,finance,legal,regulatory,CR and everything else on supercomputers and hyper-broadband internet

All a company needs is a CEO with an ipad4G[or RIM playbook] and a part-time janitor with a Phd in something worthless.

Rest of you humans can fall of the face of the earth duly after applauding these visionaries.

http://blogs.wsj.com/digits/2010/04/15/can-infosys-keep-workers-with-hefty-raises/tab/comments/?sort_order=desc

Fri, 10/01/2010 - 06:39 | 617701 bingaling
bingaling's picture

sometimes you have to look on the bright side - imagine how small you could make gov't with cloud computing

Fri, 10/01/2010 - 07:36 | 617777 maddy10
maddy10's picture

And the Unions get teleported to mars!

Imagine that too!

Thu, 09/30/2010 - 23:38 | 617441 DaveyJones
DaveyJones's picture

As Ian from Spinal Tap would say, it's not that the number of jobs are falling its just that the employment market is getting more selective

Thu, 09/30/2010 - 20:10 | 617091 Something Wicke...
Something Wicked This Way Comes's picture

And they wonder why we distrust and dislike government...duh.

Thu, 09/30/2010 - 20:33 | 617146 mikla
mikla's picture

+1

Fri, 10/01/2010 - 00:17 | 617497 homersimpson
homersimpson's picture

I'm Homer Simpson and I approve this message.

Fri, 10/01/2010 - 01:34 | 617552 Problem Is
Problem Is's picture

+1111

Now... put out that fire and get back to work Simpson...

Fri, 10/01/2010 - 04:34 | 617648 Sudden Debt
Sudden Debt's picture

Aren't you that guy from sector C?

Fri, 10/01/2010 - 10:04 | 618030 Spirit Of Truth
Spirit Of Truth's picture

Taking the "L" out of "BLS"...

Thu, 09/30/2010 - 20:13 | 617099 chinaboy
chinaboy's picture

Washington never told a lie: past

BLS never tells the truth: present

Thu, 09/30/2010 - 20:15 | 617101 Conrad Murray
Conrad Murray's picture

I'm in a fun-having mood.  I'm going to send this link and a few others over to the BLS for an explanation.

http://www.zerohedge.com/article/visualizing-propaganda-error-term-behin...
http://www.zerohedge.com/article/tale-two-distributions-or-are-these-eco...

Fri, 10/01/2010 - 09:15 | 617929 FEDbuster
FEDbuster's picture

Let us know how that goes.  I am sure you will get an quick and thoughtful response.  Booooo Yaaaa!

Thu, 09/30/2010 - 20:24 | 617118 Everyman
Everyman's picture

And the LamestreamMedia ...   Yawns.

 

Excellent there Conrad.  I sent in one as well.  The more they get the more embarrassed they get.  Keep the pressure on.

Thu, 09/30/2010 - 20:54 | 617192 Rebel
Rebel's picture

"The more they get the more embarrassed they get."

Or . . . the more people they add to their "watch" list.

Thu, 09/30/2010 - 22:10 | 617302 GoinFawr
GoinFawr's picture

The more people on their 'watch' list, the harder we are to effectively watch

@ Conrad: I like the cut of your jib, sir. Sail on.

I believe it may be time to trigger that programmed response from your collective childhoods:

(Opens "Hand, Hand, Fingers, Thumb")

"...more monkeys come. Many more fingers, many more thumbs, many more monkeys drumming on drums. MILLIONS OF FINGERS, MILLIONS OF THUMBS, MILLIONS OF MONKEYS DRUMMING ON DRUMS..."

Thu, 09/30/2010 - 22:30 | 617339 Conrad Murray
Conrad Murray's picture

I gave up on worrying about lists after the PATRIOT Act (they watch library records for fucks sake).  If they want to waste resources on me instead of monitoring the true threats to our country, fuck em.  If they keep everyone running scared then they win, and that's not acceptable.

Fri, 10/01/2010 - 23:43 | 620278 GoinFawr
GoinFawr's picture

Agreud.

And thanks again for having a pair and putting them into action. More like you and we wouldn't be in this mess in the first place.

Best  Regards

Thu, 09/30/2010 - 20:26 | 617122 monmick
monmick's picture

Kinda reminds me of profitable trading days on every single day of the month!

It can happen...

Thu, 09/30/2010 - 20:27 | 617126 silvertrain
silvertrain's picture

 Tyler is posting m/f er  today..HELP, IM READING POSTS AND CANT KEEP UP!!

 

Great job !!!.. I appreciate you and your valuable information and the effort it takes to keep it up...

Thu, 09/30/2010 - 21:37 | 617261 CU1981
CU1981's picture

+1 : Edit : revised to +2

Thu, 09/30/2010 - 21:41 | 617270 Threeggg
Threeggg's picture

Algo'ed to 3

Thu, 09/30/2010 - 22:17 | 617317 GoinFawr
GoinFawr's picture

Naked shorted back down to +2

Fri, 10/01/2010 - 01:13 | 617537 LowProfile
LowProfile's picture

Sliced 'n diced 'n derivatived 'n levered up 'n CDS'd to 10^10^10

Fri, 10/01/2010 - 01:40 | 617555 Problem Is
Problem Is's picture

Flash crashed back to +2...

I'm with Waddell and Reed, you know...

Fri, 10/01/2010 - 02:30 | 617581 faustian bargain
faustian bargain's picture

revised one week later to +80,000

Fri, 10/01/2010 - 06:10 | 617679 Grappa
Grappa's picture

And hyperinflated to infinity...

Fri, 10/01/2010 - 07:46 | 617790 MsCreant
MsCreant's picture

+2 oz of Gold.

Fri, 10/01/2010 - 06:16 | 617681 snowball777
snowball777's picture

So where does that leave us vis a vis the whole "still in Kansas" thing, Toto?

Thu, 09/30/2010 - 20:28 | 617127 papaswamp
papaswamp's picture

Thus not only is the market not a forward looking indicator...but a lagging one.

Thu, 09/30/2010 - 20:29 | 617134 NOTW777
NOTW777's picture

where is MSM - we are being looted

Thu, 09/30/2010 - 20:33 | 617143 johngaltfla
johngaltfla's picture

Think that's good? Check out the BEA mulitple revisions AFTER the final for GDP....

Thu, 09/30/2010 - 20:36 | 617152 hamurobby
hamurobby's picture

How about the annual revision?

Thu, 09/30/2010 - 20:42 | 617164 bugs_
bugs_'s picture

Take that BLS mocker mockers!

Fri, 10/01/2010 - 02:30 | 617582 faustian bargain
faustian bargain's picture

Hey don't mock the mocker mockers...uh, wait...nm

Thu, 09/30/2010 - 20:46 | 617173 jtmo3
jtmo3's picture

I can't quite remember. What does bls stand for? Is it bureau of lying shits? Does anyone truly believe them at any time?

Fri, 10/01/2010 - 01:45 | 617559 Problem Is
Problem Is's picture

"What does bls stand for?"

PRAVDA.

Thu, 09/30/2010 - 20:50 | 617175 B9K9
B9K9's picture

Tyler, at this point the various governmental bureaucracies simply don't care if the fraud is completely transparent. All the zombies ever wanted was a quiet, non-stressful job where they had to perform minimal, if any, duties, and hang on until retirement.

They had hoped that the ponzi could change stripes (read: asset classes) to cover their litany of lies and resume the glory days, but alas, it is not forthcoming. At this point, you can almost hear the lamentations of the minions of municipal, state and federal employees, contractors and their (actually, our) wards:

Oh, what a world! What a world! Who would have thought a good little blog like you could destroy our beautiful wickedness! Ohhh! Look out! Look out! We're going! Ohhhh – Ohhhhhhhhhh!

Thu, 09/30/2010 - 22:09 | 617303 CitizenPete
Thu, 09/30/2010 - 22:10 | 617308 InconvenientCou...
InconvenientCounterParty's picture

Don't give up hope. If the GOP gets a majority they will privatize SS & Medicare. Does that count as a new asset class?

Fri, 10/01/2010 - 06:18 | 617682 snowball777
snowball777's picture

Nope, just more evaporated demand if/when those accounts are hollowed out by the TBTF (but just big enough to fuck the daylights out of the likes of you) and seniors have to forego shuffleboard in favor of cat food.

 

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