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European Propaganda On The Ropes - France Delays Unemployment Report
We can only imagine that the unemployment data must be so good that the French need a little more time to get positioned for the market's exuberance. It seems the government's statistical agency has proclaimed that:
- *INSEE WON'T BE ABLE TO PROVIDE FULL 1Q FRENCH UNEMPLOYMENT DATA
- *INSEE WAS SCHEDULED TO PUBLISH 1Q UNEMPLOYMENT DATA ON JUNE 6
Of course, we are sure this has nothing to do with the nation being near depression (as we discussed here and here most recently) and jobseekers at all-time record highs. It seems 'when the news is bad, "lie"' is trumped by 'when the news is dreadful, "don't report it"'.
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will manipulate economic data for food
Now we can't even estimate anymore? Wow!
The truffle pig ate my unemployment report.
The white flag factories aren't hiring...
Mon Dieu! Or just merde!
Will manipulate economic data for CAKE.
If only Marie Antoinette had delayed her comments! This is going to be fun.
Must be bad. :)
OMG ... did INSEE lay off people as well ?!
;-)
What's the probem? It's made up number anyway. The robots will take anything you throw out there and run with it.
It may be made up, but there needs to be a system for making it up. You can't just pull a number out the air, after all. So the old system for making up a number, while better than the system for reporting the actual number, is not god enought to produce an acceptable number this time, so France needs to pay the squid or somwe other consultant some fiat to build a better equation. Now, back to your regularly scheduled program.
Imagine the Dow ramp if the BLS followed suit.
But it is so very French to simply surrender, even with economic data.....
The French never surrender. I think the word you are failing to find is, capitulate. A VERY different thing altogether. /s
Funny shit.
4 out of 10 work for the government, 35 hour work week, corrupt unions that control ALL aspects of society... What could possibly be wrong?
At least the ECB doesn't print money like retards. They don't get any credit on ZH for that.
The ECB has printed non steralized amounts of 3.5% of GDP. The fed has printed 22% of GDL, Japan 33%
King Euro
USA ! USA ! USA !
I bet the data is being delayed due to how good it is. France wants to wait a bit for Fitch to upgrade them to AAAA
Hollander versus Obama, a rush to the bottom!
isn't that Collander?
Since the difference between "employed" and "unemployed" in France is subjective and only marginal, the State apparatchiks are probably arguing over where to draw the line to produce the stats!
They're just waiting for Draghi to get back from Hong Kong so they can borrow his Pig Lipstick.
The spin doctors and press PR team must be out of idea's on this one.
The liquid must have been drained out of the Magic 8 Ball
It's hard to count all those unemployed youth because they keep running around on the streets throwing flaming shit at the officials trying to take the head count
The communists/marxist/socialist/NWO have decided reports are no longer valid. Please continue drinking your coolaid and remain calm.
Not just reporting but dissent is not allowed either. First it is the DOJ going after social media for hate speech against Muslims now this for the MEP.
http://www.bbc.co.uk/news/world-europe-22739736
French far-right leader loses immunity, faces chargesFrench far-right leader, Marine Le Pen, could face criminal charges for inciting racism, the BBC has learnt.
The French authorities opened a case against Mrs Le Pen in 2011 after she likened the sight of Muslims praying in the streets to the Nazi occupation of France.
As a European Parliament member (MEP), she enjoyed immunity from prosecution.
However, this protection was removed by a European parliamentary committee in a secret vote this week.
And how does this play into France and other EU nations.
The move clears the way for the French authorities to pursue a case against the leader, who steered her party to a record 18% showing in the first round of last year's presidential election.
These socialists will do anything to hold onto power including changing rules in secret to undercut any competition. What happens next if the Socialists are thrown out of power in the French political system and the ramifications for the Euro...........
This is going to come back to haunt them. Think Merkel now she has to tap dance lightly if she wants to appeal to the nationalists in Germany in the upcoming election. She can't directly appeal the general resentment of muslims that are brewing in all the nationalist party oppositions popping up around the EU. Same problem in general for other countries.
Just goes to show the pigs in animal farm will violate some animals are moar equal than others just to supress competition while cutting off their nose to spite their face all at the same time.
"The total unemployment result is in E44 which references A67 which multiplies Y89 which is a sum of R6 thru R157 all of which are concatenated from the 5 cells to the left of each and then converted to a floating-point numeric format and averaged using the average of the min and max of cells AA45 thru YY45 omitting zeros and errors while also..."
"Damn Excel, I'm out of here!"
They're on hold with BLS...waiting to get some skew-the-numbers instruction.
Your call is very important to us. With the recent sequester cuts, your approximate hold time is one week.
These markets don't need any stinkin' fundmentals!
liberté, égalité, fraternité, connerie
The guy who was supposed to publish the report either quit or lost his job.
France delays report? They must be on one of the four hour lunch breaks or one of those 8 week vacations.
Gotta love the prelude leading up to the ECB (bs-fest) on Thursday. I'll make sure I short cable after the news. /no sarc
The delay is b/c they are flying BLS experts from US.
Still the best chefs in the world! Shame though the restuarants are empty with few being able to afford he grub.
HAHAHAHA
France, where the solution for a failing socialist state was to elect a bigger socialist.
HOW IS THAT WORKING FOR YA?
"When it gets serious, you have to delay"
-INSEE
Employment-Population: France
year %activity %employment
1999 68,8 61,9
2000 69,0 63,1
2001 69,1 63,7
2002 69,4 63,9
2003 69,9 63,9
2004 70,0 63,7
2005 69,9 63,7
2006 69,8 63,6
2007 69,9 64,3
2008 70,0 64,8
2009 70,5 64,0
2010 70,5 63,8
2011 70,4 63,9
What could possibly go wrong?
It's a shame that France has relegated itself back to prewar antics. They can't sell us guns this time around.
EADS Global Website - Where we operate: France
France had better get it's act together.
Just say it together:
FORWARD, SOVIET!
O/T, but if you still wanted proof that bad is good, up is down, etc:
"Stocks rose on Monday as weaker-than-expected factory activity last month supported views that the Federal Reserve will need to keep economic stimulus in place, while gains for Merck & Co lifted drug companies."
French socialism "gone to pot".You broke your vow.Government is your guarantee,the most efficient mechanism ever created and your saving grace.What possibly could go wrong?And China?Try one out of two people working for the government!Yes,top quality products for the world.Send all the crap to the States.Let's all video our dancing together for team building at the government.Yipee!