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Thank you for exposing the misinformation from Minitruth.
Next stat we need: The underemployed.
Personally, I think The Turd nails it:
if you do say yourself. ;-)
With all due respect, Turd, I think I can summarize today's numbers in a more pithy way:
Joblessness is at a 19 month low. But Jobs are at a 25 year low.
How's that? :)
Cheerleaders with No Brains or Competence of course focussing on the "plunge" in unemployment rate.....
I have been a member of ZH for 26 weeks(and it feels like forever) I wonder how people who get unemployment benefits for their 80th month feel about it? Don't they feel like it's their right to have it and that it does not matter if they work again or not?
It's the right of all taxpayers to repossess as much money from the government as possible by any means, and then more for good measure. One way or another the government needs to be reined in.
3.91million must have moved to Canada or Costa Rica, so they don't count anymore.
those two-income households aren't necessary anymore because inflation is so low and wage growth so high...
And what about those Mexican "tourists" that keep comming into the US?
NILF (not seasonally adjusted) Nov 2010 to Dec 2010 increased over 700,000.
Dec 2009 to Dec 2010 1.5 million.
Dec 2000 to Dec 2010 15.1 million.
This signals a long term job degradation.
How long with the spin and lies continue until reality and the truth sets in?
Until Osama Bin Laden is captured.
Did you say until Obama Sin Lying is captured?
That day will come when the Fed is forced to admit it is the Thin Blue Line separating us from collapse. There is no chance the Fed is about to abandon ZIRP and QE.
Spin and Lies is a market product, if there was no market(ie. no people willing to listen and belive it) there would be no Spin and Lies
Plug and Shug!
Tyler- Please refrain from posting the truth. It hurts.
BEnron Shalom Israel Bernank
you;re best ... thanks
Extend and pretend! ;)
dont tell anybody or they gonna get you...
you talk like you work for OSAMA B.
"Maybe someone can ask Bernanke during his imminent presentation before Congress what happened to the unemployed population, which would have been 18.4 million if this labor force delta was incorporated, resulting in an unemployment rate of 11.7%."
What do you think this is? A democracy??!!!
With thinking, breathing, awake elected representatives???!!!
Hysterical Historical chart, straight from da fed...if you can believe it.
Thanks for the chart. I was encouraged in being reminded also that the recession is over.
The "truth" doesn't matter.
The only thing that matters is how the traders react to the news, whether it is "fake" or not.
If traders buy the bad news, then the market is still healthy.
Otherwise, why would KB Home be up 6% pre-market?
Why would MGM, LVS, and WYNN be up pre-market?
Why is IWM up pre-market?
The guys at Fidelity, Janus, TIAA-CREF, etc. are a lot smarter than me. So I'll just follow those guys rather than trying to out guess the big money.
The only thing that matters is how many 'traders' are unethical and corrupt enough to play this game that screws so many. The market is a sham and bankster paper is flying everywhere.
Got PM's...because you're gonna need them. BTFD.
Because the market gets a weekly $10 Billion + cash injection from the fed? It's as faux a market as possible....but as long as traders are making bank I guess it doesn't matter.
OK, why? Do fundamentals matter anymore? Are there any "investors" left? Is "trading" the only game? Not everyone has the time, or inclination, to stare at a desk full of monitors all day trying to follow the herd, then punch out. When free markets return, if ever, then investors may return. All clear to resume trading, Robot.
Bang on correct . Most important lesson I took away from 2010 :
Data means shit all with regard to markets . It's trader's reaction to the data that determines price action , and unfortunately that reaction is often irrational and myopic .
Stop the F'ing presses! Robot! Are you implying the data is fake? Because if that's what you are infering then you're part of the lie.
On that note, buying the effing dip is now.... dead!
"The guys at Fidelity, Janus, TIAA-CREF, etc. are a lot smarter than me. So I'll just follow those guys rather than trying to out guess the big money."
I agree to trade you need to follow price action instead of trying to project future events which is a difficult objective to achieve consistently. However, fund managers are measured on their performance relative to their respective benchmarks. So in essence we have everyone following each other regardless of fundamentals because the pack seems to be going in a certain direction. As for them being smart I do not recall receiving a call from Fidelity in 2008 to not purchase any mutual funds since they were headed for a nasty fall. Robo you may be a good trader but your logic or lack thereof will cause you to be a victim of your own "blowtorched" and "bludgeoned" verbiage one day.
ZH is not a daytrading forum.
Why in the FVCK are you here?
Robotrader & Smailes were kicked off of Yahoo Finance for being too shallow.
Harry Wang is here because his urinal cake company failed.
Harry is not a real person (imo). Look at what he says. He is a swizzle stick used to stir the pot and produce sticky eyeballs for ZH. Sticky eyeballs generate ad revenue. Why do you think ZH refuses to give us an ignore feature? Harry and Robo would vanish if there was an ignore feature.
Right - obvious plants. And the fact that they've been given special rights to insert objects into their postings lets you know they are sanctioned wankers. Hmmmm.
Robo, The problem with that theory is that eventually it comes to an end. Unfortunately in the interim time many innocent people are aggrieved.
since when does running a big amount of money equal smarts?
Because, dear Minyan, money moves markets. News moves bowels.
Sad but true. There is no end to the lies and deception they will pull to keep things going. When the elite worry about unemployment or inflation they just simply change the way it is calculated. Nothing like cooking the books from Enron to government agencies. People are too stupid to call them out.
We are in alternate realities. The market has taken a life competely on its own, defying any logic or common sense. It is disconnected from fundamentals which do not matter anymore. Do you think fundamentals mean anything to HFT computers that are 40-70% of the volume?
If you are going to consider the market you have to ask yourself a question:
Do I want to be rich or be right?
Just like in 2000, or 2008?
Fundamentals always take over the distortion, my friend, so stay thirsty.
(After the crash, we'll all hear tall tales of how Robo & Wang exited hours before the meltdown began, and went short with leverage - those geniuses)
They are in the foodstamp line......and to think our New Census said we grew....hmmm....looks like lots of people just existing on air.......
AIG up 3% ... maybe another 4% today. AIG the new gold ... Lol'
Only $1,500.00 to go for those who bought in 2008 to break even!
Fools. They should have seen the credit bustup coming ...
Thats what's great about buying at $51. The guys like bruce berkowitz are smart buying low.
Soylent Green is...
...Made from the unemployed or underemployed
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