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As One Million Exhaust Jobless Benefits, A Look At What Recent Deteriorating Layoff Trends Means

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Thu, 04/28/2011 - 13:02 | 1216643 SilverIsKing
SilverIsKing's picture

Leaves me looking at precious metals too.

Thu, 04/28/2011 - 13:10 | 1216674 slaughterer
slaughterer's picture

Just heard a rumor that a few gigantic macro funds are laying on leveraged index shorts today. 

Thu, 04/28/2011 - 13:48 | 1216879 Cash_is_Trash
Cash_is_Trash's picture

Well there was a beat-down prior to Comex close.

Thu, 04/28/2011 - 14:10 | 1216957 SilverRhino
SilverRhino's picture

Silver's price action looks like a fucking seismograph lately.  

Thu, 04/28/2011 - 13:15 | 1216715 Clueless Economist
Clueless Economist's picture

CNBS is actually quite useful to watch.  No, I am not talking about Steve Liesman's genius, but the commercials.

--I may be in my pajamas...

--Get Magic Jet or Jack or whatever now

--Bill Schaeffer made a financial gain with his invention, but these results are not typical

--Attention parents and grandparents with Gerber life insurance plan for your newborn

Highly polished and professional commercials keeps me glued to CNBS

Thu, 04/28/2011 - 13:30 | 1216794 Don Birnam
Don Birnam's picture

+1...

...And on weekends, we are introduced to the remarkable Shake Weight For Men, followed by the umpteenth re-run of that crack piece of pop culture telejournalism: "Big Mac: Inside the McDonald's Empire."

Thu, 04/28/2011 - 13:57 | 1216903 redpill
redpill's picture

My favorite is the Magic Bullet infomercial with the comical "real people" guests, one of whom is dressed up like an older lady in a robe, with her hair in curlers, and an unlit cigarette dangling from her fingers.

 

Thu, 04/28/2011 - 17:27 | 1217952 Buzz Killington
Buzz Killington's picture

Awesome!

 

Fri, 04/29/2011 - 00:13 | 1219236 Real Estate Geek
Thu, 04/28/2011 - 13:47 | 1216870 Quinvarius
Quinvarius's picture

Back in the banking crisis, before the days of free money, any bank that advertised on CNBC was about to have an near death experience.

Thu, 04/28/2011 - 14:14 | 1216987 knukles
knukles's picture

Fuck CNBS. 
I wanna start a cable TV channel called the Male Enhancement Channel.  Nothing but Spike and Fuel type programs, Manswers, almost nude female mud wrestling, full contact female sports, booze, beer, imported prescription drugs, firearms, bows and arrows, Myth-Busters blowing shit up, Gong Show reruns.... in fact, get Jerry Springer off of that lame Baggage program and let him do the New Gong Show, completely politically incorrect, bad arsed fucked up no good demented shallow entertainment...
With Male Enhancement Ads all over the place.  Appeal to the True Male Desparation, Viagra, Silent Bob, Penis pumps and assorted goodies, drawings for cases of Jack Daniels, bare nuckle fights....

Betcha the audience would be humongoloid.

Oh, and for redeeming value, have a ticker or two on the bottom showing PM's commodities, 4X and indexes... no individual stock quotes.  And online access to ZH.
Shazam!

 

Thu, 04/28/2011 - 14:39 | 1217064 RichardENixon
RichardENixon's picture

Let me know when that hits the airwaves, I'm tuning in!

Thu, 04/28/2011 - 15:26 | 1217266 blunderdog
blunderdog's picture

Be sure to set something up with the Elimidate production company, whose vanity card used to say: AMUSE THE BRUTES

Thu, 04/28/2011 - 22:25 | 1218968 Blano
Blano's picture

Bring back The Man Show.

Thu, 04/28/2011 - 16:20 | 1217549 Popo
Popo's picture

Rising prices of commodities coupled with declining consumer spending power equals margin compression.

Margin compression equals a capacity overhang.

Does that still leave you looking at metals?

Thu, 04/28/2011 - 19:18 | 1218342 DosZap
DosZap's picture

In light of the real reasons for holding to begin with, Hell yes it does.

Reduction in consumer spending can mean a lot of things.

And none of it affects the reasons owning PM's.

Thu, 04/28/2011 - 21:12 | 1218703 apartofthings
apartofthings's picture

Inflation: PMs rise in price. You are protected.

Deflation: PMs decline in price, but so does everything else. They keep their value.

Currency collapse: PMs worth something in the new currency, not sure about all the old paper investments. And if the new currency is gold/silver backed...

Economic collapse: Sure you can't eat PMs, but that wasn't the point. They carry your wealth through the collapse and out the other side.

For me it's a win-win-win-win scenario to own PMs. Physical only of course.

Thu, 04/28/2011 - 13:03 | 1216650 tickhound
tickhound's picture

green shoot

Thu, 04/28/2011 - 13:07 | 1216665 cossack55
cossack55's picture

green shit

 

Easy fix.

Thu, 04/28/2011 - 13:25 | 1216764 LFMayor
LFMayor's picture

green beer shits.  Break out the PBR.

repairs complete.

Thu, 04/28/2011 - 14:58 | 1217146 LFMayor
LFMayor's picture

Which one of you drinks that fucking popskull?  I swear, you'll shit through a screen door and never touch a wire if you drink that skankwater.

Fri, 04/29/2011 - 00:48 | 1219288 StychoKiller
StychoKiller's picture

Meh, lagers -- gimme an Ale anyday.

Thu, 04/28/2011 - 13:09 | 1216670 hedgeless_horseman
hedgeless_horseman's picture

Can't the BLS also blame the nice weather? 

GALVESTON, Texas — The lights are back on around Southeast Texas after power outages linked to dry weather hit the region a day after several nearby refineries and chemical plants lost electricity.

http://www.chron.com/disp/story.mpl/ap/tx/7540575.html

Stuxnet gone off the reservation?

Thu, 04/28/2011 - 19:20 | 1218354 DosZap
DosZap's picture

No, it's just one more piece of the Apocalyse working it's way through the world.

We just lost well over 600,000 acres due to fires, in the past 3 weeks.

And the funny part, if there is one, hasn't hit 90* but one time that I know of.No rain there, or in a lot of  Okla.

But the North Tx area has been getting drenched for 3 of the last 5 days.

Along with tornado's.

Thu, 04/28/2011 - 13:09 | 1216658 hambone
hambone's picture

Ok - somebody explain why the 10yr T yield is tanking as if there will certainly be no QE3?  Dropping like a rock and although massively manipulated, truly seems there is no exodus as Fed's couldn't buy enuf T's if everybody wanted out...???

Metals saying massive inflation, dollar tanking, but bonds saying deflation again?  Both manipulated but still glints of true expectations in both...

Absent QE I guess I would think T yields would rise w/ spending unchecked to pay for all these social programs???

Thu, 04/28/2011 - 13:26 | 1216792 ghostfaceinvestah
ghostfaceinvestah's picture

Why would the response be any different than last time QE ended: stock market tanks, USTs rise in a "flight to safety"?  That's how I expect it to play out.

Thu, 04/28/2011 - 13:48 | 1216880 Boston
Boston's picture

Yup.  And for more, see Jeffrey Gundlach's explanation in Barron's cover story......from a couple of months ago.

This is playing out EXACTLY as predicted.

 

 

 

Thu, 04/28/2011 - 13:06 | 1216660 alien-IQ
alien-IQ's picture

"I quit hope...now I feel much better"

Woody Allen

Thu, 04/28/2011 - 13:06 | 1216669 Tracerfan
Tracerfan's picture

My administration will not count unemployed people who give up looking for work because there are no jobs available.  They simply don't count anymore.  A neat trick, don't you think?  Makes the unemployment rate lower and helps me with my reelection campaign.

Thu, 04/28/2011 - 13:19 | 1216742 tawdzilla
tawdzilla's picture

After 99 weeks, you cease to exist as far as the gov't is concerned.

Kinda makes people long for the good ole days when they were considered "just a number."  Now, they can't even say that.  This must feel a bit like being buried alive.  People are still thinking and breathing while the gov't is shoveling dirt over their body.  These are morbid times.

Don't get me wrong, I don't think we need to extend unemployment benes past 99 weeks. But if these people are still unemployed after 99 weeks, they should still be classified as unemployed, whether they receive benes or not. 

Thu, 04/28/2011 - 13:56 | 1216896 SoNH80
SoNH80's picture

U.6 is the only official unemployment measure with any semblance to reality.  Welfare state for the money center banks expands = welfare state for the "little people" contracts.

 

Thu, 04/28/2011 - 14:52 | 1217125 RockyRacoon
RockyRacoon's picture

I thought we were told that when the sit-on-your-lazy-ass-and-watch-TV money ran out these folks would go out and get a job?   Ooops.

Fri, 04/29/2011 - 00:53 | 1219296 StychoKiller
StychoKiller's picture

Are SNAP cards being used as currency?  Check your premises.

Fri, 04/29/2011 - 08:06 | 1219749 RockyRacoon
RockyRacoon's picture

You're scary.  We think too much alike.  I wanted to go there but wanted to keep the snotty remark more confined.   Thanks for expanding the idea.

Thu, 04/28/2011 - 13:07 | 1216671 disabledvet
disabledvet's picture

As they say in "divorce as in investing hope is the enemy."  Perhaps should Marx's "tragedy become farce" which is all i've been saying since I got here  "we get the re-marriage" as "the triumph of hope!"  enjoy!

Thu, 04/28/2011 - 13:15 | 1216675 topcallingtroll
topcallingtroll's picture

Now is my time to troll!

Some people just wont look for a job until benefits run out.
Some people just refuse to take that mcjob until they have no choice. Some people think they are fighting the system by sitting on their ass collecting unemployment.

Everybody works. Nobody quits. If you do I will kill you myself.

Everybody hustling and pulling the wagon lightens the load on all of us serfs.

End unemoloyment benefits now. That would be a true green shoot.

Thu, 04/28/2011 - 13:23 | 1216772 Quantum Nucleonics
Quantum Nucleonics's picture

Your thesis is actually well supported by academic research.  Many, many people just happen to find a job the week their unemployment expires.

Thu, 04/28/2011 - 16:57 | 1217768 topcallingtroll
topcallingtroll's picture

THANK YOU

CASE CLOSED, BITCHEZ.

Fri, 04/29/2011 - 00:53 | 1219300 StychoKiller
StychoKiller's picture

Dems what don't find a job, do they just start a starvation diet, or what?

Fri, 04/29/2011 - 05:06 | 1219507 Andre
Andre's picture

Are they the same academics as the ones on the "global warming" panels?

And what kind of jobs do they find? 7.25/hr? $13/hr, but 20 hour weeks?

All the support for this claim comes from PhD's. Just like Ben Benanke, Michael Mann, and a bunch of other grant whores. People with agendas and connections, and in some cases perhaps, tenure as well.

The real world is a little bit different.

Thu, 04/28/2011 - 13:44 | 1216846 kaiserhoff
kaiserhoff's picture

Do women with big tits work?

Do Banksters work?

Does the bureaucrat/parasite/union thug class work?

Do the self-anointed chronic poor/section 8 housing volk work?

When work once again has some sane relation to wages, I will share your angst.  Until then, please target your wrath carefully.

 

Thu, 04/28/2011 - 13:45 | 1216869 knowless
knowless's picture

go to craigslist, make an ad for a part time entry level service job, see how many applicants you get. results may vary.

Thu, 04/28/2011 - 14:28 | 1216970 SME MOFO
SME MOFO's picture

Please wait for a site operator to respond.

You are now chatting with 'Gabbie'
Welcome to xxx, how may I help you?

p: Hi Gabbie

p: are you here

Gabbie: Hi P. How may I help you today?

p: i was just wondering when you were going to offer me a job

p: i made 15 winning trades in a row

Gabbie: I'm sorry, if you are interested in applying, you will need to contact our HR department and submit your resume

p: I made 15 winning trades in a row, don't you offer people a job when they do that?

Gabbie: We do not

p: how many in a row do i need to have?

Gabbie: We do not offer employment that way.  You would need to submit your resume

p: what would be on a resume that has more information than a statistically significant trading record?

Gabbie: A resume should include a summary of relevant job experience and education.  

p: what possible difference could that make if I can trade without making mistakes?

p: are you able to see my trading records from this year?

p: hello?

Gabbie: I apologize for the inconvenience, unfortunately I couldn't tell you for certain if it would even matter.  You are more than welcome to submit your resume to support@xxx.com, and it will be reviewed.

p: um, you aren't interested in hiring people who only make winning trades?

p: im confused, someone told me you try to hire people with 15 winning trades in a row

Gabbie: I am unsure who relayed that information but that is not the case. You will need to submit your information to the HR department

p: wait, it just occurred to me, you are in a customer service center in India, right?

p: Maybe they don;t tell you guys about that deal

Gabbie: We are located in the US

p: Um, but they always tell you guys to say that no matter where you are right?

Gabbie: Is there anything else you want to cover?

p: Are you able to see my trading records?

Gabbie: Yes, we can see them.  Trading records are not a primary consideration in hiring.  If you have any questions about your account let me know.

p: well, i was just wondering how many winning trades in a row i need to get a job, or is it a dollar amount i need to hit?

p: or maybe a percentage gain

p: oh, I just realized, are you using sharpe ratios to discount the trades?

p: so some trades don't count as much as others?

Gabbie: Neither.  Trading or trading gains are not a factor.  And we are not currently increasing the staff.  Also, your fifteen winning trades are all silver future purchases, so you aren't really exhibiting any real "strategy".

Gabbie: Congratulations on your trading gains.  We wish you continued good profits but this is not a hiring indicator.

p: maybe some of your losing traders can be let go to make a spot for me, I won't say anything

p: In fact, I can still trade from my house, nobody will ever know

Gabbie: Since we don't recommend trades for clients, your ability to trade has no bearing on your ability to provide client services.

Gabbie: And now that we have thoroughly covered this topic, please let me know if you have any actual questions regarding your account.  If not, I will sign off, and please have a good day

p: oh, someone told me you use customer trades to front run your own portfolio

p: i thought you need traders for that

Gabbie: If there is nothing else I will sign off now, thank you, and if you need anything else do not hesitate to click on Live Help.

Chat session has been terminated by the site operator.

Thu, 04/28/2011 - 14:28 | 1217033 knukles
knukles's picture

Moments later an e-mail shows up in your in-box:

Dear Mr. P,
Thank you for your interest in Lehman Brothers.  At this time all applicantions are being redirected to the Federal Reserve Bank of New York.  Please refer to www.http//usgov. dickuments/FEDup/IlovetheBernak/suspicious/maybe-sometimes-donotbendfoldspindleormutilate/:{, WTF?
Please read all 374 unacssociated instructional pages carefully before filing the applicaiton complete with your resume, which will need a notary public endorsement or signature guarantee from a solvent financial institution for consideration.
Sincerely,
Dick Fold

Thu, 04/28/2011 - 14:18 | 1216995 riley martini
riley martini's picture

 That job at McDonalds looks a lot better when one runs out of food . They now have their choice of PHD applicants. The service is outstanding but they still need the clown because the food is blah.

Thu, 04/28/2011 - 19:32 | 1218385 DosZap
DosZap's picture

TCTroll,

They are fighting the system...................Welfare recips, DO NOTHING for the majority of their lives, draw checks and foodstamps for FREE.

The folks on UE at least PAID for the 99 weeks of UE or the majority of it, if their over 25yrs old.

The only folks who get something for nada from the US Gvt, are the truly disabled, and illegals, and people who are 4-6th Generation Welfare leeches,and the majority of governmet sector workers, who have  a job(position) we do not need , with an agency that should have never been formed to begin with.

Kik back, n' pass me anudder Big 40.

Thu, 04/28/2011 - 13:12 | 1216687 slaughterer
slaughterer's picture

What is wrong with silver today?  It would seem it would have everything going for it.  But it is nearly negative on the day.

Thu, 04/28/2011 - 13:16 | 1216709 hambone
hambone's picture

There is a disturbance in the force -

10yr T's are flying out the door like 3.30% on a 10yr is a hot deal.  Dollar is a major turn or burn moment and reversal (even short lived) seems likely?  And here comes the bear attack on all PM's...

Thu, 04/28/2011 - 13:20 | 1216718 topcallingtroll
topcallingtroll's picture

The troll grudgingly admitted all you silver bugs were right, which usually means you are wrong.

Oh....and dangertime capitulated....look out below!

Thu, 04/28/2011 - 13:13 | 1216691 TraderMark
TraderMark's picture

Videos from Elizabeth Warren's appearance Tuesday on The Daily Show

 

http://www.fundmymutualfund.com/2011/04/videos-elizabeth-warren-on-daily...

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