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171,000 Jobs Added In October, Unemployment Rate 7.9%
As expected, a whopping beat of expectations of 125,000 with 171,000 jobs added In October, and the Unemployment Rate rising modestly to 7.9%, but below the magical 8.0%. And while the U-3 rose, the U-6, or underemployment, declined from 14.7% to 14.6%. Go figure. And finally, the Birth Death adjustment came just 10K off our forecast, printing at 90K.
The Birth Death added +90,000, and has now added 568,000 year to date.
From the report:
Both the unemployment rate (7.9 percent) and the number of unemployed persons (12.3 million) were essentially unchanged in October, following declines in September. (See table A-1.)
Among the major worker groups, the unemployment rate for blacks increased to 14.3 percent in October, while the rates for adult men (7.3 percent), adult women (7.2 percent), teenagers (23.7 percent), whites (7.0 percent), and Hispanics (10.0 percent) showed little or no change. The jobless rate for Asians was 4.9 percent in October (not seasonally adjusted), down from 7.3 percent a year earlier. (See tables A-1, A-2, and A-3.)
In October, the number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 5.0 million. These individuals accounted for 40.6 percent of the unemployed. (See table A-12.)
The civilian labor force rose by 578,000 to 155.6 million in October, and the labor force participation rate edged up to 63.8 percent. Total employment rose by 410,000 over the month. The employment-population ratio was essentially unchanged at 58.8 percent, following an increase of 0.4 percentage point in September. (See table A-1.)
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) fell by 269,000 to 8.3 million in October, partially offsetting an increase of 582,000 in September. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)
In October, 2.4 million persons were marginally attached to the labor force, little different from a year earlier. (These data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)
Among the marginally attached, there were 813,000 discouraged workers in October, a decline of 154,000 from a year earlier. (These data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.6 million persons marginally attached to the labor force in October had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities. (See table A-16.)
Hurricane Sandy had no impact:
Hurricane Sandy had no discernable effect on the employment and unemployment data for October. Household survey data collection was completed before the storm, and establishment survey data collection rates were within normal range nationally and for the affected areas. For information on how unusually severe weather can affect the employment and hours estimates, see the Frequently Asked Questions section of this release.
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Michelle now looking through decorating mags. Going to hand new curtains in the West Wing for the 2nd term.
F R A U D
Takes a lot of people to stuff the inventory channel at GM...............
Must - finish - Green
The global recovery is accelerating. Jobs are picking up, just as I predicted, and the S&P will soon be soaring above 1400, much to the dismay of doomer shorts on this site. This bodes very well indeed for both the Obama 2012 presidential campaign and the future of America. This a great day for average Americans, but a sad day for masochistic doomer libertarians.
How's that Fartbook stock doing, Mr. Predictor?
It's been doing fairly well since they banned the Seals.
I've been selling covered calls against half of my core Facebook holdings to ride out this volatility, which has generated some hefty premiums. I also sold my protective puts for a handsome profit, which makes me net short theta, so nerdy ZH day traders can't criticize me for that any more either. I am now positioned for the first significant leg up which will ultimately take FB into the 100s of dollars.
Have fun with all that paper when the hammer drops.
TeamDepends
Cocaine, they say it will kill you but they don't say when.
Such a fine line....kinda hate to see it go - Jackson Brown
I heard that - Bronco Bomma
That girl speaks for all of us, doesn't she?
"The Birth Death added +90,000, and has now added 568,000 year to date."
Fucking bull shit.
GetZeeGold
I was shooting for Townes Van Zandt.
All joking aside, when i seen FB employees unloading all their stock the other day it made me wonder if there was anybody snapping it up. Im sure its been done before; hammer the stock before the employees can offload then watch them freak out and sell the lot when they are allowed... only for it to be absorbed by shadowy figures (is halloween over yet?)
I believe you ment to say "I've been trying to sell covered calls, but no one's buying".
GOLD MDM, GOLD.
If mom doesn't pop just go ask dad.
That crap really works.....trust me.....I used to be a kid.
Me too. I just sold everything that just went up by 150% and generated huge profits. Now I am buying whatever will go up by 150% next time...What did I buy? he he well, that's a secret you know. Ask Warren
MDB keep on practicing on your demo account till you get it right!
You poor retard .....lots of paper
BUY phyzz !!
With regards to the "doomer libertarian" comment you love to [SARC] everybody with... I can't say I wholeheartedly disagree with your assessment... It appears that anyone who cherishes FREEDOM is DOOMED...
It's sad that MDB is being facetious, because there's a whole lot of Obamaphiles out there who would actually write something very similar to an MDB rant- and mean it.
That is the point that so many seem to miss.
So many really smart people, too. It's weird to me...
FREEDOM is DOOMED
If you're gonna practice freedom....you're gonna have to purchase our heath care first.
Deems the rulz amigo.
Make sure you shallow your contraception pills also...even if your a guy. We don't play favorites around here.
GetZeeGold
Male contraception is a relief for those who consider getting the snip.
You should have skipped that part, had more weight.
Maybe worked in Sandra Fluke too.
Sandra Fluke flopped in Nevada......and that was on the home field.
francis_sawyer
99 Tibetan monks on the wall, 99 Tibetan monks on the wall,
One set fire to himself in protest,
98 Tibetan monks on the wall
who knew the definition of a masochist was someone who could see things for what they were - layers upon layers of outright fraud and manipulation in our face?
simply put, you're wrong, we all know you're full of shit, and desperate for attention.
In my opinion, do not gain much being so negative. If unemployment is falling, is good news. Surely, if we dig into the numbers, we find negative aspects. But I think it is better to emphasize the increase in employment and the recovery of the economy and the market. There are many (too many) issues to be resolved. Celebrate every little victory. That will make us much good.
Pretty much inline what we expected would be reported, below 8.0%
Same old thing every month.
Total Layoff List Below
http://www.dailyjobcuts.com
It will be cool to see what the "revision" is post election. Oh wait, why bother?
Michelle also getting ready to place order for new hand crafted furniture for the Oval Office, which typically has a lead time of 4 years.
GOLD stomped sub $1,700!!!¡!!! BTFD
F R A U D
It's just a little fraud.
Someone please make sure Rick Santelli has taken his blood pressure medicine this morning.
A little fraud here and there is good once in a while.
Of course this much will kill ya but screw it.
Bollingers for everyone. Job well done.
And with that - Obama is a *lock* (wasn't he always a lock for the global elite?)
.
As ZH states - 'as expected.'
I would be worried more if the numbers came in bad.lol Thats how fucked up this rigged perverted game is. We knew that these numbers would come in positive...to get Obama back in. Thier is a reason why 'they' want him in specifically.
You can have only one #44 Commander in Chief.
'They' rely on astrology, numerology and sacred geometry.
Ruler's of time and space - so they think they are.
I'm not so sure Obama's a lock for the global elite. All the Wall Street campaign donations have shifted to Romney for this election. Also, Romney has some connections to Diebold, which could be pretty powerful. And finally, though completely unsubstantiated, Romney has been linked to the Bilderberg 2012 meeting. If true, then I say Romney is the selection. We shall see very soon.
a growing concern
You do understand Obama was meant to be a place holder, a bone to the Democrats after Bush.
Romney is chosen to be the face of heavy lifting under the pretense of "turning things around".
Eventually Obama moves to the UN. The job was planned for Clinton but he could not keep his bent dick out of the public eye.
Even if Obama stays the 'Global Elite" still win. There will never be any grate policy changes which divert from NWO.
Only Russia and China throw a Monkey wrench into that scheme.
They figure they have just as much right to control as the other guy does.
Can you turn up the volume some.....we're having a hard time hearing you.
Thanks in advance.
GetZeeGold
There is your problem,Synesthesia.
I wrote those words and you hear them.
Get yourself checked immediately, they probably have meds for that now.
You're absolutely right in your assessment of the "political" situation.
It is a little loud, though. Kinda annoying...but what you say is true.
:D
Yeah? Than explain to me his "Eventually Obama moves to the UN".
Though careful, GetZeeGold shoots on sight and has already bagged several heavily armed UN StormTroopers helicopters daring to roam in his home state.
He collects their scalps, I understand. After all, he is a barbarian like me... ;-)
He collects their scalps
You must be mistaking me for Elizabeth Warren
Well, Ghordius, I just don't see how you don't see that this is all a giant circle jerk. Just look at the people who keep popping up over and over again, travelling in the same circles, regardless of party affiliation. I can go down the list of names again but you'll just list their nationalities and brush it off as nonsense.
Seriously, if you can't see it by now, then there is nothing I can say that will make you understand. Do some research, really explore the possibility that some of these kooky "conspiracy theories" may be correct. That's all I ask.
Maybe make it bigger? Still can't hear you.
Of course Romney would serve the agenda well...he is a lap dog minion for the puppet master global elite.
.
I'm just trying to follow the signs that 'they' follow... And for whatever reason imo, they would like Obama in over Romney.
I also find it interesting Steve Spielbergs 'Lincoln' comes out this week...about a man who became Prez.
Who was different from previous Presidents, came up during a time of great struggle, who came from Illinois...sounds familiar.
Oh - he also gets snuffed out at the end of the movie.
BLOTTO
I was impressed Big Love ran for so long.
About a Mormon business man living the principle who eventually gets elected to office.
Sound familiar?
They shoot Catholics.......don't they?
Way to ruin it for the rest of us Gazoo!
-We had positive news from GM courtesy ala 'stuffing' the bird.
-We had somewhat positive news about the real estate recovery earlier on in the week...
-We have gas prices coming down a bit...
-We have the Commander in Chief being 'the man' during this Sandy crisis...
.
Now, were we really expecting all of a sudden that the job numbers were going to be negative and bad this morning?
...A few days before the election = no chance.
The numbers can be fudged all they want, but an unemployed person knows they are unemployed. That fact, cannot be fudged!
NEED MOAR HURRYKANEZ
Just one more.....pretty please!
I heard a Nor'Easter is on the way ... now would that be gale force damage, rain damage, flood damage, tide damage, river overflow, or ... hold on I have an English interpreter on the line to talk to the insurance company with ... gotdam I have my lawyer on conference too ...
Moar Hooray-Keynes pleeze!!
#winning
Quite clever!
Need more "Hurrykeynesians"
fixed it for you
it da troof.
duh gubment dunt lie.
Poor Rick. Gonna give himself a heart attack trying to refute LIESman's BS...
I laughed when Rick pulled up the board "-61000 since Feb 09 through last month."
@JPM Hater001
According to Jim Pethokoukis, unemployment would be 10.6% if the particpation rate were the same as when Obama took office.
You could hear the Libs groaning when he did that....they do not like the facts to come out...only the massaged numbers for them....for them you start with the number you want...then work backwards.......yesterday we had a stat that we have the lowest birth rate for a long time....so the birth death rate is suspect...and then there is still the food stamp and disability numbers..always up up and up
Meets PUBLIC POLICY FAILURE. "Bug in search of a windshield." And...he found it!
it's the new american way.
Amazing
More phones 4 4 moar years
No doubt bright purple, and made of denim.
It is the temp jobs added so asshole bloomberg can continue the marathon while people are cold, hungry and getting pissed.
I have noticed a new brightness in the eyes of Americans. A new bounce to the step and lightness of walk. A new straightness of back and the ability to look someone in the eye when speaking to them.
These are the attributes of the newly employed. The people who evince pride in their labor and happiness in their income.
The people who evince pride in their labor and happiness in their income.
70% of us hate our jobs according to surveys, 2/3rds of us live paycheck-to-paycheck, and the majority of us make less than 35K with declining benefits and retirement savings.
If this is a "recovery".....I mean, then America is really setting the bar low.
Shizzmoney
That is the old way to think.
Young people are just happy to say " Let me buy this round" or "Allow me to buy you dinner Dear".
They been down so goddamned long it looks like up to them.
Buh bye 8%....boom WINNING!!!!
The Fed needs to issue more stimulants.....
All according to the script.
To believe the validity of these numbers I am going to require a script.
Of hopium.
pods
More jobs were added this month than last month yet the unemployment rate ROSE???
Actually that's exactly what happens in a recovery - as more jobs are being created, those who left the labor pool come back, so more people are now technically 'looking' for work as well as more people are being hired... historically this is exactly what happens in a typical economic recover and a very positive thing... from the BLS - labor force participation rate increased to 63.8%
Discouraged workers down 153,000 from a year ago. Labor force up 578,000 in October.
Actually, we don't know if the unemployment rate actually rose, because the BLS revises its seasonal adjustment factors each month but never makes public the revised U3 for the previous month. So the revised U3 for September may or may not be lower than the U3 for October released today.
the broken windows is already working!!
I hear the jingle of Krugmanrands tumbling into the slot machine jackpot.
With all the hurricane clean-up workers being hired, it's a Workers Paradise!
They are not done looting yet
This porridge is just right!
Au dropping.
"Come to me my Precious."
All cartels on high alert this week.
LIES! ALL FUCKING LIES!
4 more years, 4 more years!
FORWARD, comrades.
FYI, it's been changed to FORWARD!
Pfft. That's what Post-Election revisions are for...
Why didn't they tell Obama that 3% was the magic number. The unemployment issue would be over today if they had.
I suppose we're supposed to be impressed that, 3+ years into a "Recovery" we still have (a totally bullshit, unbelievable) FUNemployment rate of just south of 8%, under 200K jobs "created" (and most of those are probably statistical adjustments), and 4.5M people still out of work from the previous employment peak.
The New Normal, I suppose.
Remember, we actually need around 225K jobs to keep up with the labor force (which in turn, will also bump up the useless GDP number).
Also, I anticipate the jobs report to beat for the next 3 months due to the rise in temp hiring for the holidays, Sandy cleanup, as well as the back-to-school industry.
After Obama gets elected, corporate (white) America will eventually extract it's revenge and start the massive layoff process, maybe as early as 02/2013.
The fascists will make Working America pay for voting in black Democratic president.
1Q/2Q 2013 is going to be FUGLY regardless of the outcome of the election. But yeah, probably a little worse if Choomy is in the driver's seat.
Ironic though that "Working (for the time being) America" will pay for the election of the candidate of the Free Shit Army and wealthy, white, liberal, urban elites, isn't it?
It's payback for Obamacare (aka HertiageCare).
The government enforced subsidy for the health insurance agencies have really ticked off Corporate America. In a sense, it has pitted corporations against corporations now as they fawn and fight over every last single penny for their shareholders.
And of course, its the little guy...especially those without access to union lawyers.....who will pay.
and again one wonders: how many jobs did it take 5 yrs ago to match or beat the new workers entering the workforce seems 250,000+ was the majic number back then , but I guess we have lower population d/t mass immigration out of the country or something. one wonders..
Silly person...that's when Bush was in office. Of course worse jobs numbers are 'better' now that Obama is in office.
Now if he could just get on with the lowering of the oceans thing. He sorta F'd up on that this week...
Other than a justified and plausible reason for the FED to ramp the shit out of the equities markets....
Does anyone even actually believe this shit anymore? Or care?
Nope.
Well, there will be the magic "hundo" on the DOW for the headlines.
Rest assured, the moment for Goerbels level propoganda won't be wasted.
All hail the mighty Obama..our liar and chief for the next four years....and who knows maybe longer....long live El presidente
Not if they have the voting machines programmed correctly.
I hope to get the toilet paper contract for when all this shit has to get cleaned up....
Thank you Barack Hussien Obama Benghazi. You are the chosen one. Our savior. Allah be praised!!!
I'm making a call here today.
Obama for another 4 years. I have a feeling in my gut.
Prepare for another 4 my friends.
Our glorious leader is.......well.....glorious I guess.
Not me,be gone by inaugeration.Lock, stock ,and barrel if its Obummer.
Does this mean the season of economic revisions is now over for at least 3 more years ? Btw gold is telling you the move in equities will not break out of it's previous highs.
gold was up on economic weakness and the expectation of more monetary printing, if the economy recovers more quickly, that is extremely bearish for gold as this means less monetary stimilus and in fact a reduction of the loose policies - equities remain a buy until the Fed starts to raise rates in another year, which I think will be sooner than 2015
I hear what your saying but I'm going to roll with the idea that gold is being dumped because we can now face the reality of the situation now that the election is out of the way. (doesn't matter who wins) so at least at first we'll see a re-set in asset pricing... unless you believe the fed is about to announce a new and improved printing scheme.
Great news!
I'm definitely voting for Obama now...
Payroll reports for August and September were revised upward, for a change. Seems like forever they had always been revised downward.
@yrbmegr
In October, the number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 5.0 million. These individuals accounted for 40.6 percent of the unemployed. (See table A-12.)
The civilian labor force rose by 578,000 to 155.6 million in October, and the labor force participation rate edged up to 63.8 percent. Total employment rose by 410,000 over the month. The employment-population ratio was essentially unchanged at 58.8 percent, following an increase of 0.4 percentage point in September. (See table A-1.)
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) fell by 269,000 to 8.3 million in October, partially offsetting an increase of 582,000 in September. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)
In October, 2.4 million persons were marginally attached to the labor force, little different from a year earlier. (These data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)
Among the marginally attached, there were 813,000 discouraged workers in October, a decline of 154,000 from a year earlier. (These data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.6 million persons marginally attached to the labor force in October had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities. (See table A-16.)
Yeah, I read all that, apparently before you did. What's your point?
@yrbmegr
Regardless of laughable revisions to prior months, so-called "job-creation" is barely keeping pace with population growth and the ranks of the long-term unemployed are not materially shrinking. With the housing ATM window closed, the fiscal cliff looming and QE played out, what factors do you think will propel employment going forward?
Magical
Disgrace.
Naturally in a financialized economy, those who know math, reap the spoils.
This is great. Another 4 years and the unemployment rate will be zero and nobody will be working. Sounds good to me. I hate work.
Wow. The BLS still says, "blacks". Where's Al Sharpton or Jesse Jackson when you need them.
It saves ink...
The fine print: 163,000 of those jobs were added in China. Apparently since China now owns some 30% of USG debt, FASB rules dictate a consolidated balance sheet.
"The change in total nonfarm payroll employment for August was revised from +142,000 to +192,000, and the change for September was revised from +114,000 to +148,000"
@AlphaHunter001
In October, the number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 5.0 million. These individuals accounted for 40.6 percent of the unemployed. (See table A-12.)
The civilian labor force rose by 578,000 to 155.6 million in October, and the labor force participation rate edged up to 63.8 percent. Total employment rose by 410,000 over the month. The employment-population ratio was essentially unchanged at 58.8 percent, following an increase of 0.4 percentage point in September. (See table A-1.)
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) fell by 269,000 to 8.3 million in October, partially offsetting an increase of 582,000 in September. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)
In October, 2.4 million persons were marginally attached to the labor force, little different from a year earlier. (These data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)
Among the marginally attached, there were 813,000 discouraged workers in October, a decline of 154,000 from a year earlier. (These data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.6 million persons marginally attached to the labor force in October had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities. (See table A-16.)
@Cursive I completely agree that there are massive issues, my point is that if you look at any data set, or even corporate earnings, once they start revising or 'missing' to being more positive, that's a bullish sign
The number of long-term unemployed will remain to be a problem as these are structural issues. These people are essentially mis-matched for the new economy. If you look at the unemployment rate of people with advanced degrees, it's almost nothing (engineers, computer sciences, maths etc..) but middle-aged factory workers with no skills will have trouble finding work in this technological age.
It's sad and unfortunate, but with the advent of computers and technology, this has had a massive shift in needed skills that hasn't occured since the industrial revolution.
@AlphaHunter001
If you accept that "the number of long-term unemployed will remain to be a problem," then you may as well accept that there has been and will not be any economic recovery. The best you could hope for is the "New Normal" and a John Mauldin-like muddle through.
Are you a computer program?
LOL no I wish! My buddy is and when he went looking for a new job he had over 20 offers! It's crazy how many jobs there are... I'm not really cut out for that line of work though, but it's the truth nontheless
so we'll all just program apps for phones and the economy will soar. Or we can all learn how to program advertising scripts for Facebook to up thier EPS and make the shareholders happy.
The majority of the CS hires aren't even needed. New job categories like UX design were created even though the job is complete bullshit. But every company has to hire a UX designer, even if the CEO doesn't even know what they do.
I have a friend that is a senior UX designer at a web outfit. I've asked him what he actually does. He told me point blank, "Absolutely nothing, and they pay me $100k for it."
Production of tangible goods is the only path to a healthy economy. Which is why the US economy has declined for the last 50 years as our productive engine was exported overseas.
UX design is actually a pretty important component of software design, but just like QA, they don't really let anyone do that job--it's too expensive (in terms of time) to design good stuff, so they just pay the salary and ignore the concept.
UX Designers are almost universally yes-men who don't mind signing their name to shoddy work.
When numbers are revised (multiple times) in the range of 30-50% you cannot really report a number.
Add in the "adjustments" that range from 50-400% of the reported number and it really is meaningless.
Just another political tool. Important one too. Since our eCONomy is based on people getting paid for work that we dont need to buy shit they dont need CONfidence is the greatest asset.
Just the end game of an empire.
Hail Caesar!
pods
If you actually believe those numbers, you probably believe everything in a quarterly report.
Why would a CFO lie?
Why would the BLS lie?
The numbers were revised up in the last report before the election and you believe it?
The economy has not turned the corner or bottomed. If you actually walk among the middle class, you'll find things have never been worse. 175 jobs in the month of October is pitiful. That is why the seasonal adjustment usually removes a few million jobs. October is when millions of seasonal hires are added for Christmas. They will all appear as jobs added. I can tell you that far less seasonal hires were made this year. There is also the fact that holiday buys at major retail are down 40% from last year. Those are facts that prove the economy is not getting better.
But you're an alpha seeker, a proponent of wealth without work. The truth getting out would cause the stock market to fall and those seeking alpha would have to watch their fortunes shrink. We have reached the point that nobody actually needs to work. The farce of the stock market has become self sustaining, burning the fuel of its own bullshit.
you're right, part-time employment is down... which is a good thing last time i checked LOL
wealth without work? no such thing, there is no easy money in this world for average people like you or me... easy money is playing pro sports or movies for $30 mil a year, this is a grind my friend
don't forget, owning a stock is owning a piece of a company. when people say stocks will go to zero, that means that there will be no corner store, no food, no cars etc... if the local coffee shop were for sale, would it be worth zero? of course not, while some might disagree with the price, everything is worth something, even a 10 year old car is worth 'something' the discussion then is what is appropriate etc... no black and white but just grey
Every stock going to zero would be a major plus for the economy.
There would be no grocery stores, coffee shops, stores etc?
Maybe not publicly traded ones, but I assure you there would be even more commerce than there is now. I can choose to go to Dunkin Donuts, or I can go to Jubilee Donuts which is a local store.
Not every company is publicly traded and it is not neccessary to be listed on a stock exhange to have a successful business. Chick Fil-A isn't public and exists in the same space as McDonalds. Judging by the lines outside, Chick Fil-A is doing jsut fine and the prices are better than the publicly traded fast food joints.
And yes somethign can be worth zero. If nobody is willing to buy a product, it is worth zero. In fact it even can have negative worth if it was bought with credit. Much of the publicly traded inventory actually has negative worth.
"Price" doesn't equal "value."
Values are subjective.
Fake, fake and fake
sell that paper gold!!! Rejoice and celebrate the booming recovery!!!!! Okay....now lets start raising those interest rates!
You guys didn't get the memo? Kevin Henry is working part time for the BLS.
+100 Hehehehe oh maaaaan that is one of the funniest comments I've ever read!
Love it. He sure does get around old Kevi...
Total Horseshit
I'm not American but just I can't believe people would fall for this crap?! He's been in office for four years and he makes it look as if the miraculous turnaround is starting to take hold five days before the election? It is pathetic!
Stop by any 711 in hometown America....and you'll soon understand.
Mitt says it's 47%.....but I think that's being optimistic.
Stop by any 711 in hometown America....and you'll soon understand.
Especially if you go on the first morning of the month. I made that mistake one day - every single person in a dozen-long line, except me, had the same "Gold Card" with "State of Rhode Island" printed across the top.
It made me feel good to know I was paying not only my $1.25 for my can of Diet Iced Tea, but partially subsidizing every single purchase of the seemingly able-bodied people in that line with me. And by "good" I of course mean "fire spitting mad".
To top it all off, right across the street? An ObamaPhone stand. Complete with Obama/Biden 2012 signs and everything.
In a world where the Greek market overperforms, everything is possible. You should always invest in bankrupt, fraudulent economies. Best yet, invest in a company that doesn't even exist. Madoff did it for years and enjoyed a very good lifestyle.
It's time for the fed to get serious about shoring up the dollar.
I feel so good I'm gonna go to looooeeasyanna and start a shimp'n bidness
I've eaten shimp in hundreds of ways. Shrimp gumbo, shrimp salad, shrimp with biscuits, shrimp.................
pods
Hay everyone, they're handing out free jobs and iBerries at the Post Office!
Fucking Yahoo makes me sick..here is their headline..:
Payrolls Rise Sharply, Jobless Rate Ticks Higher to 7.9%beside it they have a picture of obummer holding a mag titled..A Plan For Jobs.....I don't know how I am going to take another 4 years of this propoganda.
Why would it have to be another four years of propaganda? It would be his last term; he'd be free to say whatever the hell he wants.
Doc I think it's time we all mentally move on. To pay attention to this decays the brain. It's clear at this point when everyone is on the bread lines and piss broke the same 4 assholes (for anyone with a TV) will be high fiving over the "much better than expected" reports. If they fudged the numbers they are not going to get religious at some point and come clean. If they are ramping the markets they will just continue to do so.