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The Google Unemployment Index
With even the Federal Reserve throwing doubt on the veracity (or usefulness) of the 'official' unemployment data (having finally caught on to the reality we have highlighted for a number of years), Petr Pinkhasov has created a more 'real' unemployment index reflecting the reality of every day for the average American...
The following is an index tracking unemployment related searches on Google. The official description of this chart is the following: "unemployment, food stamps, social security, edd, disability" and so forth.
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Some folks may not remember this, but there was a time when the market would sell off on bad news, and occasionally sell off as much as 10% in a matter of 20 to 40 days on moderately bad news.
So I'm starting an informal poll. How bad would the news need to be before we see a 10% correction in the SP500?
Not permitted by Federal Law. So answer is nothing.
The American Dream is gone.
Note that the Google unemployment index attained a range following Lehman that it has yet to break out of. Contrast this with the performance of the S&P500 over the same time, and you begin to understand the real motive behind the Fed's money printing.
http://dareconomics.wordpress.com/2013/10/28/around-the-globe-10-28-2013/
@Say What Again
The news would have to be far worse than anything the MSM is willing to report. But then we all know that markets move BEFORE the news, not after.
Insurance is for suckers.
A friend of mine bought a 250k whole life policy in 1994. made all the premiums and is now 68. He recieved a letter that if he doesn't come up with an additional 16k lump sum on top of his annual premium his policy will lapse in 10 years. Not to mention the lost purchasing power of that 250k. If he lives to 85 and passes away, what will that 250k get his beneficiaries? All i can say on ZH is Gold Bitchez
sounds like he took a loan and needs to repay it.
Lost purchasing power? whole life pays an interest rate better than banks, so he should be sitting pretty on the value of his policy. He can cash it in, or leave it benefit for his heirs.
"A friend of mine bought a 250k whole life policy in 1994. made all the premiums and is now 68. He recieved a letter that if he doesn't come up with an additional 16k lump sum on top of his annual premium his policy will lapse in 10 years."
Which Company? -Thanks
your friend got bamboozled by the insurance salesman, college Finance 101 - never buy a whole life policy, the Term policy offers the better deal. He should have googled Term Vs Whole Life insurance plans. Term plans are better hands down.
"Insurance is for suckers."
Insurance is a scam because you can't get a mortgage without it.
If people stopped buying for that reason alone homes would be far cheaper. All it does is shield banks from the repercussions of bad lending practices.
"Insurance is for suckers."
Insurance is a scam because you can't get a mortgage without it.
----------------------
The fix: save up before spending - debt is slavery, debt is for suckers
you are correct, life insurance policy ownership is at an all time low as of 2013, but then we dont have the booming economy we had in the post WWII era. We have the benny & the inkjets !
How about this one:
http://www.google.com/trends/explore#q=snap%20benefits%2C%20personal%20a...
Boden 2016 should be good for a 10% correction - a 10% upward correction, of course.
Forward.
Did you mean to say; "Snowden 2016?"
Crazy talk. Everyone knows it's Hillary in 2016. But Snowden joins her administration as Cheif Information Officer, and is made head of the NSA. He then goes on to run the place with admirable finesse, and almost entirely BAU. Because America is doomed and there will be no hero.
*Hitlery.
FIFY, Don't tase me bro...
"But Snowden joins her administration ..."
Sounds like the Alan Greenspan story.
He joins the "Dark Force" when offered the Federal Reserve chairmanship.
Not a chance.
With the population becoming self-aware of organized government, that assures Jeb Bush will be installed in 2016.
You read it here, first.
Oops. Meant Biden. The dream ticket: Crazy Uncle Joe and "What difference does it make?" Hillary. Yes we can!
Re: Oops. Meant Biden
You say Boden, I say Biden... let's call the whole thing off.
(Can we please call the whole thing off? Just let the elephant and ass from the DC zoo run the place for 4 years. How much worse could it be?)
a pony would be nice!
"Just let the..... ass from the DC zoo run the place for 4 years."
That is already happening!
Kim Kardashian assassinated by Justin Beiber. The sheeple would lose their collective shit
Sounds like a new reality-tv show for the sheeple. Sort of like a modern day "war of the worlds"
Let them fight it out with socks filled with dog shit or Super Soakers filled with grape juice. I would pay to see that fight.
or Justin Beiber assassinated by Kim Kardashian sitting on his head.
"Oops there goes another rubber tree plant"
assassassassassassassassassinated.
You mean like this ????
http://www.youtube.com/watch?v=LYhT6FHEpwY
Why not? She's ruined after she squirted out that kid...
Saudi Arabia announcing that they will sell all oil in a basket of currencies of which the USD is not included.
Even that might be good for only 5%. I actually can't think of anything that would get 10%.
Not to worry. That 10% would be clawed back plus another 15% rise above that when we invaded Saudi Arabia, destroyed everything, and gave rebuild contracts to CAT, Halliburton, Exxon, Chevron, etc. etc.
Re: How bad would the news need to be before we see a 10% correction in the SP500?
Only a Taper sighting would cause any downward movement.
Otherwise: A bad new day keeps the Taper away, which is really good news.
Well Say What, that must've been before the formation of the Plunge Protection Team(oops, i mean the Presidents working group on financial markets).
We will never see it, unless it comes in the guise of a major false flag. Otherwise all centrally planned markets point upwards.
Unless there is a false flag detonation of a high-yield nuclear device in the middle of the Hudson River off Battery Park, I don't see it.
FAS 157 reset to February, 2009 standards. That would take you down at least 10 percent. However, it will never happen.
EMP
You assert that news drives where stocks go? Not according to Sept 10th 2001. Never know when they'll pull another one of those out of the blue.
China collecting on its debt. They've got the brass (or, more actually, gold) balls to do it.
Nope - they are collecting their debt now (with the assistance of the Fed, bullion banks and US Gov) and the market is applauding. Remember gold is a barbaric relic (best to give this over to those barbarians in China)
Here is fellow ZHer TwoShortPlanks great summation of the situation: http://twoshortplanksunplugged.blogspot.com.au/2013/10/gold-us-sovereign-coup-detat-and.html
"TBTF Banks, Bullion Banks, Central Banks (Fed, PBoC & BIS), COMEX, and senior US Government officials/leadership, are orchestrating a controlled draw-down of COMEX Gold inventories, through the Open Market, and shipping that physical metal to China.The transferring of wealth and power from one centre to another, from one sovereign nation to another, is nothing less than a coup d'état by the financial oligarchy presiding within the US financial system."
I guess the FED is using the free amount of new money to buy up stocks when necessary to prevent serious falls.
It sounds crazy, and obviously it is, but there is nothing to stop this, barring a distrust of money and a switch to gold. If you think it through, there is no stop now, since they sit on the printing press, and the health and wealth of their support base is perfectly aligned with the stock market.
So it is a case of stocks going up, until something breaks.
What that will be is not clear to me, and the timing is even less clear. But it is taking longer than I would have guessed!
There is no bad news, there is only Bernank.
wot she said
Full employment here we come... http://hedge.ly/1h9P4Za
Thanks for that post.
I nearly burst into tears reading about how JPM has suffered trying to protect Main Street.
Haven't they suffered enough?!
No
They should yank out their entrails on live television
They forgot to include EBT on their list of keywords. Shame on you, Google...
They aren't dying fast enough for congress to cover their ass. And steal their property.
I just searched for "unemployment, food stamps, social security, edd, disability". There should be a spike in the chart shortly.
Umm... actually, searching for the most popular terms is the least likely way to spike the chart.
Would "dumpster diving", "pulling your own tooth", "panhandling", and "pigeon croquettes" work?
Sounds like you might have had some personal experiences there.
Mmmmmmm.. pigeon croquettes.
-Homer Simpson
The cat food cookbook
WTF!!
Divide the number of people employed in the US by the total number of people in the US.
That gives you the Employment "fraction", multiply it by 100 and it gives to the Employment %.
Subtract it from 100% and it gives you the Un-Employment %.
You don't need to spend $Billions to do the "household survey" nor any other bullshit statistic.
It takes a $billion and household surveys in order to attain the number needed. Has nothng at all to do with reality.
A long enough time frame Kim Kardashins ass will go to infinity.
The S&P will continue to rise for at least a couple more years no matter what the news. It will be far easier to confiscate 401k's once they have the appearance of generating a profit for the "wealthy".
There is a lot of truth to that. For example, if the USG hoists 401K accounts into a "inflation-adjusted S&P tracking fund run by professional money managers and backed by the combined assets of Federal Reserve" a lot of people will see it as a net positive. But only because they don't understand what any part of that sentence means. Oh and for the credulous in the audience; I just 100% made that shit up. I have no idea what I'm talking about, it's glib word-porn. And if I can hammer out something as good as that in 8 seconds in a blog comment, imagine what JPM can do.
101 mm people receiving entitlements compared to less than 80 million full time workers in the private sector and 22 million Government workers. Who going to continue to win elections?? The left!! Democracy in the United States and EU is and will continue to fail just like in Egypt. The only thing that keeps the entitlement state alive is the that the dollar is the world's reserve currency. When China yuan becomes the world's currency, the US entitlement system will end in social unrest.
"the US entitlement system will end in social unrest."
Don't worry, .GOV has got that covered...
Probably asked before but there's too many comments... is there an adjustment for people that are afraid to lose their job?
They were including it at one time but then it rose to 100% of the working population and starting screwing up their goal-seek algo, so they dropped it completely.
Siri, where can I get a job?