Initial Claims: 474K - Bring Out QE3

Tyler Durden's picture

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 05/05/2011 - 08:30 | 1242497 Archimedes
Archimedes's picture


Thu, 05/05/2011 - 08:55 | 1242627 anynonmous
anynonmous's picture

The government cites special factors behind a 43,000 surge in initial jobless claims. The biggest factor is an adjustment timing for a spring break in New York state

Thu, 05/05/2011 - 09:05 | 1242690 ihedgemyhedges
ihedgemyhedges's picture

No mention of tornados/floods?????

Thu, 05/05/2011 - 09:50 | 1242923 obelisks
obelisks's picture

and it's GWB's fault

Thu, 05/05/2011 - 09:17 | 1242764 SweatpantKing
SweatpantKing's picture

I don't need a job... I need a spring vacation!

Thu, 05/05/2011 - 11:59 | 1243567 Smu the Wonderhorse
Smu the Wonderhorse's picture

Or a drink.

Thu, 05/05/2011 - 09:43 | 1242875 Rainman
Thu, 05/05/2011 - 09:04 | 1242684 duo
duo's picture

Now you know why OBL had to die THIS week.  A lot of bad news is coming, and the more distracted the plebes, the better.

Thu, 05/05/2011 - 10:00 | 1242959 Steelpulse
Steelpulse's picture


Thu, 05/05/2011 - 10:17 | 1243025 oklaboy
oklaboy's picture

here here, well put.

Thu, 05/05/2011 - 10:15 | 1243029 oklaboy
oklaboy's picture

here here, well put.

Thu, 05/05/2011 - 10:19 | 1243051 6 String
6 String's picture

Yup. It was a effort to rally the American spirit just before the debt bomb drops on them...

That's what Obama's press conference was about: "we're America and can do anything!"

Thu, 05/05/2011 - 09:23 | 1242727 Mentaliusanything
Mentaliusanything's picture

Holy Shite - green shoots are busting out. 

Can you say Timber. Go any silver or gold you can get, borrow, steal or rob cause the wind cometh before the storm (TD I was right - 13 weekers never lie).

That said they have flown back the pumps from Fukushima because it is judged a situation of Major meltdown in containment.

Micky D's showed the way with near a million for 63k. Suck on those numbers bitches cause it is your reality.

Thu, 05/05/2011 - 10:07 | 1242979 Blano
Blano's picture

Hey, look at the bright side.....if McDonalds hadn't done all that hiring, the number would have been over 500K.  Wouldn't that be considered a green shoot??

Thu, 05/05/2011 - 10:24 | 1243064 Mentaliusanything
Mentaliusanything's picture

Well, thinking about it ? your dead fucking right.

That would have made the legs tremble. Good old Mickey D saving America one lousy job at a time.

Fri, 08/05/2011 - 06:06 | 1526034 cindycheng
cindycheng's picture

I want to express my admiration of your writing skill and ability to make readers read from the beginning to the end. I would like to read newer posts and to share my thoughts with you. oilseed expeller

Thu, 05/05/2011 - 08:31 | 1242498 Caviar Emptor
Caviar Emptor's picture

You a**holes, Fed!!

Thu, 05/05/2011 - 08:56 | 1242635 GetZeeGold
GetZeeGold's picture


You a**holes, Fed!!


At this point I see no reason to mask the word asshole.




Thu, 05/05/2011 - 09:21 | 1242647 Caviar Emptor
Caviar Emptor's picture

Agreed. Ass_Wholes

Thu, 05/05/2011 - 10:57 | 1243248 goldfish1
goldfish1's picture

ass whores

Thu, 05/05/2011 - 10:26 | 1243072 Dr. Richard Head
Dr. Richard Head's picture

You hsould be thanking them for a soon to be 13,000 DOW.  This is bullshit......I mean bullish.

Thu, 05/05/2011 - 08:34 | 1242500 Thomas
Thomas's picture

The Rally Monkey should appear on this news.

Thu, 05/05/2011 - 08:37 | 1242538 Catullus
Catullus's picture


Thu, 05/05/2011 - 08:38 | 1242542 Cursive
Cursive's picture

+1  Big time lulz.

Thu, 05/05/2011 - 08:58 | 1242653 Caviar Emptor
Caviar Emptor's picture

Gold behaving extremely well

Thu, 05/05/2011 - 08:31 | 1242502 lettuce
lettuce's picture

does that mean my silver will be on the rise again :(

Thu, 05/05/2011 - 08:33 | 1242512 Quintus
Quintus's picture

Yes it does.  Once this ridiculous 'Deflation trade' idea that appeared this week has run its course in a day or two, and traders move back to facing the obvious reality of QE to infinity and eventual hyperinflation.

Thu, 05/05/2011 - 08:36 | 1242517 Xibalba
Xibalba's picture

Not if the CFTC can't do it's job....or rather...does it's job per tungstenman. 

Thu, 05/05/2011 - 08:45 | 1242579 lettuce
lettuce's picture

tungsten is useless now. muhahaha.... didn't you know conventional lightbulbs are about to be illegal?

Thu, 05/05/2011 - 09:05 | 1242685 SheepDog-One
SheepDog-One's picture

Well tungsten makes good fishin' weights still.

Thu, 05/05/2011 - 09:07 | 1242701 TaxSlave
TaxSlave's picture

Black market light bulbs = free enterprise.

Thu, 05/05/2011 - 08:42 | 1242554 Ray1968
Ray1968's picture

That all depends how hard "they" work to suppress it. Margin rates are a bitch.

Buy physical and wait it out.

Thu, 05/05/2011 - 08:42 | 1242562 Jack Sheet
Jack Sheet's picture

"Hyperinflation is preposterous"

Mish Shedlock

Thu, 05/05/2011 - 09:03 | 1242692 Quintus
Quintus's picture

"Mish Shedlock is preposterous"

- Hyperinflation

Thu, 05/05/2011 - 09:17 | 1242763 MyFriendMises
MyFriendMises's picture

+1.  Did anyone else picture a character called Hyperinflation saying that because I did.

Thu, 05/05/2011 - 09:27 | 1242795 Quintus
Quintus's picture

Anthropomorphism at its finest :-)

Thu, 05/05/2011 - 09:22 | 1242778 hamurobby
hamurobby's picture

Didnt Krugman say 7 trillion needed? What could possibly go wrong.

Thu, 05/05/2011 - 10:15 | 1243028 Vendetta
Vendetta's picture

What's in a number anyways

Thu, 05/05/2011 - 19:13 | 1245642 Fred Hayek
Fred Hayek's picture


What's in a Krugman statement?



Thu, 05/05/2011 - 09:37 | 1242841 GetZeeGold
GetZeeGold's picture


Mish doesn't shop at Walmart.


......he has "people".




Thu, 05/05/2011 - 12:51 | 1243844 dizzyfingers
dizzyfingers's picture

I know where he lives. He probably does shop at Walmart.

Thu, 05/05/2011 - 08:43 | 1242565 Sudden Debt
Sudden Debt's picture

They have 2 options.

1. Quit the margins increases and let the price rise until overage Joe can't buy it anymore so the industry still has enough to function and demand to level.

2. Make it so cheap that inventories all over will be depleted in the next 6 months which could cause a catastrophic domino effect in the derivative market.


2 options, both lead to Armageddon.

There is a 3th option but that would included every silver investor to dump their silver back to the melters and industry demand to go down, but I don't really call it a option. The problem with the investor silver is that once it's put in circulation it takes a very long time before it returns if ever.

In 100 years, there will still be enough people who inherit silver from people who are buying it now.




Thu, 05/05/2011 - 08:59 | 1242670 mrgneiss
mrgneiss's picture

Number one is what usually would happen, but can't because the dumb fucks have such a huge short position.

Thu, 05/05/2011 - 09:26 | 1242792 TwoShortPlanks
TwoShortPlanks's picture

Short positions go to zero when a currency dies, ie. the US Dollar.

To own Gold and Silver in Weimar King!

Thu, 05/05/2011 - 09:07 | 1242716 ATM
ATM's picture

I'd say the option that is much more likely is to maintain the staus quo where we will see margin requirements increase everytime silver reaches a certain point until we reach the point that silver cannot be margined at all and must be bought for cash.

More likely is that the exchanges crash well beofre then as these staged increases only prove that they are ponzi schemes and are trying to hide that fact by manipulating the price of the underlying.

That can work for a while but not forever.


Thu, 05/05/2011 - 09:55 | 1242936 trav7777
trav7777's picture

wtf is the problem with removing margin from commodities exchanges?

They SHOULD do this.  Exchanges should return to being places where real sellers and buyers trade, instead of a place where speculators try to manipulate and make money off of doing nothing.

Imagine if the grocery store or farmers market worked like'd have some spec trying to lever buy up all the spaghetti and make the prices go up up up when he has no intention of ever taking delivery of the stuff.  Fuck speculation in real assets.  Shorts should have real metal and longs should be interested in buying real metal.

Thu, 05/05/2011 - 10:04 | 1242974 ColonelCooper
ColonelCooper's picture

Agree with your sentiment 100%, but what you are talking about is a far cry from what's happening now.  What we have now is a sham of a paper market, and the margin increases are just the tugs on the strings of the marionette.

Once we opened the door for fractional reserve metal exchanges, the matter of margins seems like a pimple on a fat guy's ass.

Thu, 05/05/2011 - 10:19 | 1243049 nope-1004
nope-1004's picture

Exactly.  A proper functioning exchange wouldn't have 2 hands in the cookie jar front running every policy change.

The CME is a total fraud.  The "speculators" are only those with deep pockets that can smell blood.  The CME and Morgue has brought this on themselves 100%.


Thu, 05/05/2011 - 10:49 | 1243214 Creed
Creed's picture

  Fuck speculation in real assets.


hear hear


especially the lifeblood of nations, oil

Thu, 05/05/2011 - 10:56 | 1243258 Sudden Debt
Sudden Debt's picture

It should. Yes.

But now the paper is priced at 26 times the actual spot price!






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