Summarizing Today's Economic Data Barrage

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Thu, 07/14/2011 - 08:43 | 1455510 slaughterer
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Revisions = truth.

First estimates = false. 

Why not just release the data after its been revised?  Would cut down on alot of noise. 

Thu, 07/14/2011 - 08:50 | 1455528 WestVillageIdiot
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How the heck are you going to drive the stock market up with short squeezes if you put out only truth and facts?  That wouldn't do at all. 

Everything looks green again today.  Bernanke just had to hint that he had a bazooka in his pants.  Paulson is jealous. 

Thu, 07/14/2011 - 09:30 | 1455684 fuu
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99 weeks ago today was  08/20/2009
Thu, 07/14/2011 - 08:45 | 1455518 BeerWhisperer
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So you are saying the economy is not going to collapse?.... this week anyway.

Thu, 07/14/2011 - 08:47 | 1455521 SheepDog-One
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Economy already collapsed.

Thu, 07/14/2011 - 08:48 | 1455523 firstdivision
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This is getting interesting.

Thu, 07/14/2011 - 08:50 | 1455527 SheepDog-One
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'Driver likely lack of auto plant shut downs'...what auto plants?

Anyway, wheres the dire need for QE3? Wheres the 'UH OH' market collapse? Just not seeing it. All I see is Central Bankster junkies getting the DT's huddled in the corner of the mens washroom.

Thu, 07/14/2011 - 08:52 | 1455533 WestVillageIdiot
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I think it is all those expensive yoga outfits that Lululemon has flying out the door.  They are really driving the economy. 

Thu, 07/14/2011 - 08:57 | 1455546 SheepDog-One
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Bernanke wants his QE to hand to his central bankster crack junkies, but cant cause the fear and panic because if his empty casino was suddenly flooded with sell orders it would blow apart the whole illusion...what are you going to do now Bernank?

Ron Paul did make Bernank look like an IDIOT yesterday with the 'If gold is not money as you say then why are banks and countries hoarding it'?

Thu, 07/14/2011 - 08:58 | 1455551 WestVillageIdiot
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Bernanke made Bernanke look like an idiot. 

Thu, 07/14/2011 - 08:55 | 1455538 slaughterer
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+1 SD-1

As long as the market continues to bullishly price in QE3, there will be no QE3.

Thu, 07/14/2011 - 08:57 | 1455542 the not so migh...
the not so mighty maximiza's picture

Right on Dog.  Bob Chapmans opinion is QE3 started seemlessly in stealth mode when QE2 ended.  I would think there would be someway to proove it though unless it is a very good stealth. 

Thu, 07/14/2011 - 09:13 | 1455603 sabra1
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all stealth QE's leave an ion trail!

Thu, 07/14/2011 - 09:17 | 1455622 MsCreant
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Poor baby Bama, want's his momma! What an avatar!

Thu, 07/14/2011 - 08:54 | 1455539 rsnoble
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Amazing it's always good news of people dropping off benefit roles when you know damn well they aren't getting jobs.

Thu, 07/14/2011 - 08:58 | 1455547 Version 7
Thu, 07/14/2011 - 09:05 | 1455577 lolmao500
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A question... is it a good time to buy a new car or should I wait till Bernanke does QE3 or if the economy just drop dead I would be able to bring down the bargain price of the car?

Thu, 07/14/2011 - 09:13 | 1455602 snowball777
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If you're interested in getting financed, you might want to buy before the Ice-Nine sets in.


Thu, 07/14/2011 - 09:19 | 1455629 lolmao500
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The Ice-Nine?

Thu, 07/14/2011 - 09:12 | 1455597 sabra1
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good thing the holiday last week didn't affect the job numbers, as inflation didn't affect sales. hope all those college graduates don't all look for jobs all at the same time come september!

Thu, 07/14/2011 - 09:12 | 1455600 djsmps
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CNBS changed their headline on jobs to:

Weekly Claims Finally Show Decline in Weak Jobs Market
Thu, 07/14/2011 - 09:28 | 1455673 John Law Lives
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Have a look at this article from 2008:


<<<   Economists say initial claims ranging from about 300,000 to 325,000 are consistent with a healthy rate of U.S. employment growth. But readings consistently higher than 350,000 would signal significant weakening in the labor market.  >>>

Today, AP is reporting that 375,000 weekly jobless claims signal a healthy labor market.

The GOALPOSTS have been moved!

Thu, 07/14/2011 - 09:47 | 1455744 oogs66
oogs66's picture

and if anything, the goalpost should be moving the other way...fewer workers, more part time workers, more consultants, fewer people who qualify for benefits if they are laid off...insane

Thu, 07/14/2011 - 09:42 | 1455731 oogs66
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are claims just a joke now?  how can it be always wrong?

Thu, 07/14/2011 - 09:49 | 1455755 kito
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floating on the waves of stagnation.............stocks still holding, inflation not raging, dont expect qe3 this year. wont happen.

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