Spot The "It's All The Weather's Fault" Lie

Tyler Durden's picture




 

December and January saw dismal job gains based on the NFP data... but as we now know, thanks to Zandi and Liesman, that we should ignore it because it's all about the weather. So, confused, we looked at the number of employed people who are "not working due to weather" (thank you for the convenient series BLS) to gauge the significance of the impact... it appears, from the chart below, that more people were out of work due to weather in 2008, 2009, 2010, 2011, and 2012...?

 

 

 

Paging Dr. Zandi?

Though of course, as Steve Liesman noted this morning, this doesn't matter since "jobs are not critical for growth."

Charts: Bloomberg

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Fri, 02/07/2014 - 10:54 | 4411566 Gankfest
Gankfest's picture

-7 in Colorado! Off to work!

Fri, 02/07/2014 - 11:01 | 4411591 fooshorter
fooshorter's picture

2nd City has been subzero for weeks and the docile slaves still march in unison to their jobs everyday.

 

Steve Liesman is a one trick pony. That trick is to be loud ignorate mouthpiece for the king.

 

 

Fri, 02/07/2014 - 11:04 | 4411614 Bad Attitude
Bad Attitude's picture

Who are you going to believe? The regime's propagandists or your lying eyes?

Forward (over the cliff in free fall)!

Fri, 02/07/2014 - 11:31 | 4411692 WarriorClass
Fri, 02/07/2014 - 11:43 | 4411742 Boris Alatovkrap
Boris Alatovkrap's picture

-40 in Minsk, off to work in copper mine.

Fri, 02/07/2014 - 11:50 | 4411757 Boris Alatovkrap
Boris Alatovkrap's picture

Boris is apologies, must translate Centigrade to Farenheit for Amerikanski readership...

-40°C

Is multiply 9...

divide 5...

add 32...

-40°F

Fri, 02/07/2014 - 12:28 | 4411786 Shocker
Shocker's picture

Wait until next month..

 

Fri, 02/07/2014 - 15:10 | 4412708 Fish Gone Bad
Fish Gone Bad's picture

Yeah, Liesman will stop talking shit.

Fri, 02/07/2014 - 12:03 | 4411787 The man with po...
The man with pointy horns's picture

Look on the bright side Boris; the mine may be as dangerous and as dirty as hell, but at least it's warm!

Earth's geothermal energy bitchez!

Fri, 02/07/2014 - 15:55 | 4412880 Wave Maker
Wave Maker's picture

That link is such BS it is hard to read.

Fri, 02/07/2014 - 11:12 | 4411638 Hippocratic Oaf
Hippocratic Oaf's picture

This is all lies-man has left. He'll fit perfect with the new 'chair' making sure he gets the 1st question.

They're all desperate fuks.

Fri, 02/07/2014 - 11:21 | 4411663 onewayticket2
onewayticket2's picture

Zandi would just cite the participation rate and say,

"so few remain in the workforce that even though - on an absolute basis - the figure for january is relatively low, on a percentage basis of the remaining few workers, it is high!"

 

problem solved.

 

/s

 

Fri, 02/07/2014 - 11:51 | 4411772 Boris Alatovkrap
Boris Alatovkrap's picture

Future employment in Amerika...

Is cold, rainy, has it sniffle in nose, so guy is not show up for work, unemployment in region is double. Blame on weather, adjust for seasonality, and... tada, economy is full recovery!

Fri, 02/07/2014 - 12:15 | 4411836 The Dunce
The Dunce's picture

Perhaps it is the weather.  Then again, maybe it isn't.  Who died and made me boss?  Bitches.

Fri, 02/07/2014 - 16:19 | 4412962 glenlloyd
glenlloyd's picture

Zandi's such a tool....

Fri, 02/07/2014 - 10:52 | 4411567 Critical Path
Critical Path's picture

Intelligence is not critical for speaking

Fri, 02/07/2014 - 10:59 | 4411589 Temporalist
Temporalist's picture

And for CNBS, news is not critical for reporting; nor is viewership critical for broadcasting.

Fri, 02/07/2014 - 11:03 | 4411604 ArkansasAngie
ArkansasAngie's picture

Not when its corp parent views the "news" as part of its behavioral economics investment.

 

Fri, 02/07/2014 - 11:09 | 4411629 thatthingcanfly
thatthingcanfly's picture

I thought I was the only Arkansan who read ZH. Where are you in the state, Angie? I'm in Izard County, near the White River.

Fri, 02/07/2014 - 11:19 | 4411657 HyBrasilian
HyBrasilian's picture

What lake did you capsize your boat in?

Fri, 02/07/2014 - 11:21 | 4411666 ArkansasAngie
ArkansasAngie's picture

I'm in Fayetteville

I do have contacts in Izard.

I imagine we might know a person or two in common

I'm waiting on a break in the weather to go to cotter

Fri, 02/07/2014 - 11:42 | 4411731 Clever Name
Clever Name's picture

See! You heard it here, confirmation that it is in fact "the weather's fault!"

Fri, 02/07/2014 - 12:22 | 4411868 ArkansasAngie
ArkansasAngie's picture

Weather is definitely taking a toll on my local economy.  Might see some going out of business sales because of it.  Some rural kids have missed over 20 days of school this year.

Fri, 02/07/2014 - 10:53 | 4411570 Occams_Chainsaw
Occams_Chainsaw's picture

They closed the schools here today but my ass is at work.

Fri, 02/07/2014 - 11:55 | 4411775 Boris Alatovkrap
Boris Alatovkrap's picture

Hope you are not need to defecate at home, because is very hard for sitting on toilet with ass in alternative location.

Fri, 02/07/2014 - 15:11 | 4412720 Fish Gone Bad
Fish Gone Bad's picture

Multitasking is more of an art.

Fri, 02/07/2014 - 10:56 | 4411573 sudzee
sudzee's picture

And don't forget the rise in construction by 48000.

Fri, 02/07/2014 - 10:59 | 4411593 medium giraffe
medium giraffe's picture

The industry most likely to be affected by...........

Fri, 02/07/2014 - 10:55 | 4411577 Sudden Debt
Sudden Debt's picture

The only thing that is important for economic growth is financial creativity

Fri, 02/07/2014 - 10:57 | 4411578 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Mama's gonna make all of your
Nightmares come true
Mama's gonna put all of her fears into you
Mama's gonna keep you right here
Under her wing
she won't let you fly but she might let you sing
Mama will keep baby cosy and warm
Ooooh Babe Ooooh Babe Ooooh Babe
Of course Mama's gonna help build the wall

Pink Floyd - The Wall

Fri, 02/07/2014 - 11:08 | 4411626 Pareto
Pareto's picture

So ya.....thought ya......might like to........go to the show......

To feel the warm thrill of confusion........Liesman's space cadet glow.....

Fri, 02/07/2014 - 11:57 | 4411777 Boris Alatovkrap
Boris Alatovkrap's picture

Is got some bad news for your sunshine,

Pete not is well,

Stay back at hotel,

They are send us along,

As surrogate band,

Tonight we are find out where you stand...

Fri, 02/07/2014 - 12:06 | 4411798 Pareto
Pareto's picture

Are there any CNBC assclowns in the theatre tonight........get em up against the wall!

Fri, 02/07/2014 - 12:56 | 4412039 Boris Alatovkrap
Boris Alatovkrap's picture

That one is look Jewish!
And that one is coon!
Who is let this riff-raff into room?

Fri, 02/07/2014 - 11:43 | 4411744 moonman
moonman's picture

I got elastic bands keepin my shoes on.
Got those swollen hand blues.
Got thirteen channels of shit on the T.V. to choose from.
I've got electric light.
And I've got second sight.
And amazing powers of observation.
And that is how I know
When I try to get through 
On the telephone to you
There'll be nobody home.

I've got the obligatory Hendrix perm.
And the inevitable pinhole burns
All down the front of my favorite satin shirt.
I've got nicotine stains on my fingers.
I've got a silver spoon on a chain.
I've got a grand piano to prop up my mortal remains.

Fri, 02/07/2014 - 12:58 | 4412043 Boris Alatovkrap
Boris Alatovkrap's picture

I got wild staring eye and strong will for survive!

Fri, 02/07/2014 - 10:57 | 4411586 discopimp
Fri, 02/07/2014 - 11:27 | 4411685 BTCTalks
BTCTalks's picture

Ya... Not looking good for people who hold cash at MtGox.  I anticipate CNBC having a field day with it if we break below 100 DMA in SPX.  People in the space have known about MtGox weakness for a couple of moths now.  Glad to see its flushing out right now.  Also doesn't help that Russia has banned it.

http://rt.com/business/bitcoin-russia-use-ban-942/#.UvRoVKnNj3I.twitter

The rebound we've seen indicates strength to me as BTC has weathered 5 major crashes and not only rebounded but exceeded the high water mark. Time to scoop up some coin at a 12.5% discount to yesterday.

Fri, 02/07/2014 - 10:57 | 4411588 101 years and c...
101 years and counting's picture

when you are a fat, incompetent sack of shit, lying is a good way to go.  much easier to just make shit up then actually do the research.

Fri, 02/07/2014 - 11:04 | 4411608 BandGap
BandGap's picture

You left out that they never think that people are going to look at the real numbers and see they are full of shit.

Either exceptionally stupid or wildly arrogant of them.

Fri, 02/07/2014 - 11:26 | 4411675 Temporalist
Temporalist's picture

Fat, drunk and stupid is no way to go through life son

http://www.youtube.com/watch?v=u1hnwvWhbJw&feature=youtu.be&t=20s

Fri, 02/07/2014 - 11:38 | 4411720 orangedrinkandchips
orangedrinkandchips's picture

HEHE

Fri, 02/07/2014 - 11:02 | 4411600 orangedrinkandchips
orangedrinkandchips's picture

Nicotine is the strongest drug known to man......

 

Desperation (in keeping the status quo going) is the strongest emotion known to man.....

 

underestimate a desperate central bank at your own peril.....

Fri, 02/07/2014 - 11:06 | 4411618 ArkansasAngie
ArkansasAngie's picture

I hope they're desperate.

I'm not sure they are.

I hope their liquidty canon blows up in their insolvent faces

Fri, 02/07/2014 - 11:10 | 4411636 orangedrinkandchips
orangedrinkandchips's picture

Time my good friend, time.....

 

volume on the SPY is already 50MM and were not even 40 min into the session which as gone up 20 and down 20pts in minutes.....

 

 

Fri, 02/07/2014 - 11:08 | 4411621 medium giraffe
medium giraffe's picture

"underestimate a desperate central bank at your own peril....."

Poor Ukranians aren't used to this game.

Fri, 02/07/2014 - 11:15 | 4411645 orangedrinkandchips
orangedrinkandchips's picture

They learn quickly! those Ukrainians.......

 

Much like the book I just finished, 12 years as a slave (btw....MUST read the book as the movie renders you clueless most of the time). 

People don't steal, rob or hurt others for fun (ok, some do, Ben Bernake) but most humans do it OUT OF NECESSITY.

Im hungry....hence I need to steal, borrow or beg for food. Not because im bored.

 

Necessity is what drives us.....

Fri, 02/07/2014 - 11:01 | 4411603 Rainman
Rainman's picture

CNBS : keeping the sheep in the shallow end of the pool since inception.

Fri, 02/07/2014 - 11:13 | 4411644 Temporalist
Temporalist's picture

I thought they keep them at the deep end because it's easier to drown them there.

Fri, 02/07/2014 - 11:04 | 4411610 TheGoldMyth
TheGoldMyth's picture

Because i am an amateur economic climate change scientist, even i can say with great precision by merely casting a glance sideways looking to the Baltic Dry Index that CO2 emissions are falling and this in turn causes polar vortex's and the like.

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