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Based on the overnights the market will be greener than ever on this great news!!! Of course all government news is a lie, but don't worry be happy
Nothingburger. Let's get on with the GM IPO Rock N' Roll show!
It would be MF funny if there was a flash crash in GM today tho.
Naah. They only pull that shit when volume is low. Not likely with GM.
The GM churn will be frothy no doubt, got to cause as much fake hype as possible to dump the garbage to retail. They probably saved a couple days of POMO to make it extra whipped up and airy.
What if they were saving all that POMO money to buy GM today from the flippers to prop up the market?
Is it true that the plus or minus on this number (weekly jobless claims) is 100,000?
I heard a guy talking about that on bloomberg and wonder why everyone gets excited about a few thousand.
People need something to talk about.
In 30 minutes nobody will ever talk about it again, then the conversation turn to what they want to eat during lunchtime.
It would be better that everybody got fired.
Because after that, the numbers would only improve.
Unemployment doesnt matter to Wall St or the White Hizzy, because no one revolts as long as the free checks keep coming.
Unemployment? I didnt know they still used that. I thought POMO determined the big picture.
nobody on wall street cares if people are unemployed. those are just the mere mortals out on mainstreet. that doesn't effect stock rallies.
mind-boggling - obama business channel now touting all the benefits of UI - says in helps GDP by 18% and ?? saves jobs, the czar says its wonderful
where does the money come from to pay for it?
your unborn grandchildren seem to have agreed to pick up the tab.
according to obama logic things would be even better if unemployment was higher - how can these people get away with this crap?
where is the media?
They won't have to worry about it. By the time they grow up they will be marching in lock step trying to assimilate the Chinese and struggling to learn Mandarin.
one delusional lie after another - the labor czar says things are improving, says obamacare is creating jobs - we're going in the right direction?
Really? Wow that's amazing even for a shill/tool. He is, of course, badly mistaken (or a wool-over-the-eyes puller). Transfer payments (like UI, WIC, crop price supports, etc.) are netted out of the national income calculations b/c they do not represent value-added transactions (i.e., increases in net social totals), but are merely transfers from one party to another. Transfer pmts neither add nor subtract from the national income and product accounts.
And yet Im sure the host/hostess smiled politely (albeit blankly) and then proceeded to talk about the economic impact of the upcoming Royal nuptials.
I love that word "Czar"...... It's almost "oz" like.
Upward revisions FTW!
My latest video: Rules for Peasants by Utopia Gov't Films Co.
There once was firm called GM
It's balance sheet was sort of a BM
So they sold lots of stock amongst all the talk
And it closed in the red in the PM
All-out day for pumping Gubmint Motors stock, theyll pull out all the stops in an attempt to dump this garbage to as many bagholders as possible. Its CEO ObaMao's stock sale day, he's lookin to make a killing! Of course if you step back and look its the most dark day in american history, the Gubmint selling stocks in its company, but no one cares anymore its all just about greed, or perception of greed since its all just chasing worthless BS around anyway.
Our guberment along with the Chinese guberment still owns 34% of GM.
What's with that?
JWR, You can't make this stuff up. Seriously. Ben Bernanke claims that the $600 billion QE2 will create 700,000 jobs. Even if he's right, that's $857,142.86 per job created. Even if you believe the Bureau of Labor Statistics (BLS, more appropriately called the "BBS") thei figure of 14.8 million currently unemployed Americans, that means that the U.S. would need to have just over 20 more infusions of $600 billion to employ all of our unemployed. 20 x $600,000,000,000... (drumroll, please)... $12 Trillion! I think that it's doable. Let's get QE3-to-QE22 underway. Maybe SurvivalBlog readers could start a grassroots movement to get this thing rolling... Somewhere, a very fat lady is singing. - N.I.M.
Regarding the games the BLS plays with the job numbers, from Alan Abelson's column in Barron's last week:
What's with the 3-D pie charts?
Is ZH trying to reach out to the USA Today-reading sheeple?
Come on, how about some good ol' Bloomberg terminal screengrabs . . .
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