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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Gankfest's picture

-7 in Colorado! Off to work!

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.



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)!

Boris Alatovkrap's picture

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

Boris Alatovkrap's picture

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


Is multiply 9...

divide 5...

add 32...


Fish Gone Bad's picture

Yeah, Liesman will stop talking shit.

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!

Wave Maker's picture

That link is such BS it is hard to read.

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.

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.




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!

The Dunce's picture

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

glenlloyd's picture

Zandi's such a tool....

Critical Path's picture

Intelligence is not critical for speaking

Temporalist's picture

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

ArkansasAngie's picture

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


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.

HyBrasilian's picture

What lake did you capsize your boat in?

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

Clever Name's picture

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

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.

Occams_Chainsaw's picture

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

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.

Fish Gone Bad's picture

Multitasking is more of an art.

sudzee's picture

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

medium giraffe's picture

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

Sudden Debt's picture

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

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

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.....

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...

Pareto's picture

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

Boris Alatovkrap's picture

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

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.

Boris Alatovkrap's picture

I got wild staring eye and strong will for survive!

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.

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.

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.

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.

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.....

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

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.....



medium giraffe's picture

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

Poor Ukranians aren't used to this game.

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.....

Rainman's picture

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

Temporalist's picture

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

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.