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Is Yellen Being Misled By Employment Statistics?

Tyler Durden's picture




 

Submitted by Lance Roberts of STA Wealth Management,

 

 

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Mon, 07/21/2014 - 12:25 | 4983978 Canadian Dirtlump
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we're smart enough to see through the bullshit so... so are they. she's not misled, she's lying like the butch woody allen sounding bowl cut wearing globalist stooge she is.

 

 

Mon, 07/21/2014 - 13:58 | 4984070 Renewable Life
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So as this madness continues to "evolve" it has occurred to me something profoundly terrifying is occurring in America and Europe!!

We NO longer live in a solidified economic and political structure, and we sure as shit, DONT live in a free market, entrepreneurial capitalist system, instead what we have happening simultaneously is, Socialism (State Euro style) for some, fascism for some, and Obligarchy for some!!

The elite are benefitting from this "hybrid system" and the rest of us are suffering under it!! With the middle class taking the short end of the stick on all three dynamics!

Obligarchy has been around since the end of the 19th century, and Fascism made its rise post WWII, but this Euro Socialist bullshit is the newcomer and almost totally a byproduct of the Clinton/Bush/Obama era!! But it's ALL alive and well in 2014, living together like a sick disease on the citizenry of America

Yellen confirmed this notion before Congress, several months ago, when asked by a Congressman, "in your acedemic professional opinion, what is this economic system we are living in, what do you call this"?

Yellen replied "I have no idea, Congressmen!"

Well Mr(s) Yellen, if you fucking don't even know what it is we are living in, how the fuck do you think you have any chance of "controlling" the fucking outcomes of it, like you and CNBC tell us every day, you can????

Mon, 07/21/2014 - 13:16 | 4984254 gatorengineer
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If you dont think Obama care was planned in part for this purpose you are kidding yourself.  Create more and more dependency on the state.

The Dems are casting Hillary as too conservative....  The repubs will throw up another brick  Crusty or Ryan most likely, and the rest as they say will be history....

Mon, 07/21/2014 - 14:27 | 4984591 mc225
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(sarcasm) 'oh no, i'm sure yellen is really on the case'

Mon, 07/21/2014 - 14:39 | 4984639 Dollarmedes
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If only Stalin knew...

Mon, 07/21/2014 - 15:44 | 4984905 WSP
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Canadian Dirtlump is absolutely correct---this globalist whore and her puppeteers know exactly what the real unemployment rate is and they also know full well the havoc their destructive policies are having on the masses.  These globalist sociopaths hate humanty and are enjoying destroying the social order and free markets and anybody that asserts that Yellen's actions are misguided or due to incompetence should look in the mirror because they are either incompent themselves or useful idiots.

Mon, 07/21/2014 - 12:24 | 4983983 Mercury
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Is Yellen Being Misled By Employment Statistics?

 

The problem with lying and bullshitting all the time is that you have to keep track of all the lies and bullshit.

Mon, 07/21/2014 - 12:49 | 4984036 Canadian Dirtlump
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the NSA records every thing I do and all I got was this shiity double post.

Mon, 07/21/2014 - 12:30 | 4984039 Canadian Dirtlump
Canadian Dirtlump's picture

Those who are "awake" as most of us here are really have a show to watch. The federal reserve lying through their teeth provably, while obama lies through his teeth provably on every matter foreign and domestic, as do the state department representatives meanwhiel on every geopolitical war front the US ( and all western coutnries for themost part ) take the wrong side and peddle provable lies.

 

You couldn't trust one of these demons to tell you the date in a calendar factory.

 

These fuckers need to be sent to the nearest gym / gallows.

Mon, 07/21/2014 - 12:25 | 4983989 Henry Rearden
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The economic statistics (lies) we use in our centralized planned social paradise will soon become a victim of its own success. 

Mon, 07/21/2014 - 12:28 | 4984023 Der Wille Zur Macht
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The problem is that it's much easier to conceal than reveal. Statistics will be manipulated and misinterpreted even when reality smacks us in the face. Everything will be burried under a pile of horseshit and the history books will aim to make it stick.

Mon, 07/21/2014 - 12:30 | 4983999 JustObserving
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Is Yellen Being Misled By Employment Statistics?


It's far more likely that Yellen has a hand in creating false statistics on inflation and employment to retain confidence in the US dollar and the apparent unending strength of the American economy.  This game has been going on for decades:

http://www.shadowstats.com/alternate_data/inflation-charts

http://www.shadowstats.com/alternate_data/unemployment-charts

Mon, 07/21/2014 - 12:39 | 4984081 RaceToTheBottom
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"This game has been going on for decades:"

That alone is proof of something!!!

 

Mon, 07/21/2014 - 12:25 | 4984014 QQQBall
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No, TPTB change the metrix with the leadership. Bernank says UE is key; Yellen says sumtin else. The pea is under a different shell.

Mon, 07/21/2014 - 12:28 | 4984026 pods
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Another article that starts off with an incorrect assumption.

Why is it that people even entertain the notion that any of them are working for us?

They aren't.

pods

Mon, 07/21/2014 - 12:54 | 4984148 NotApplicable
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Cuz... OMG you might be considered a "conspiracy theorist" otherwise!

The amount of trust the sheeple put into the facade of governance is astounding. Pick any 'non-tinfoil' site on the net, and just look at the comments. Divide and conquer at its finest.

Mon, 07/21/2014 - 13:56 | 4984461 Shizzmoney
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RE

Why is it that people even entertain the notion that any of them are working for us?

The People need a laugh?

The thing is, the Wall St "pundits" will say part of this is structural due to the baby boomers retiring; they are going to be completely blind sided when this thing comes burning down and then it will be *I* who has a good laugh.

I love how we've somehow lowered the bar for employment levels/population in America and that this gets celebrated by the corporations and the government.  Really striving for achievement here, guys!  

Mon, 07/21/2014 - 12:28 | 4984027 fauxhammer
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Janet will Gnomesplain everything when we're ready and not before

Mon, 07/21/2014 - 12:28 | 4984029 SethDealer
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the participation rate is deplorable.

Mon, 07/21/2014 - 12:34 | 4984057 kchrisc
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Yellen uses a ponzi crystal-ball to ferret out what to do. That and calls from her Rothschild handlers.

Mon, 07/21/2014 - 12:36 | 4984071 Toolshed
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"The risk that the Federal Reserve runs by potentially increasing interest rates too soon is that higher borrowing costs will likely fracture an already fragile employment market as businesses currently only as necessary to keep up with incremental demand created by population growth."

"Most importantly, the number of times that Federal Reserve has hiked interest rates without a negative economic or market impact has been exactly ZERO."

 

So, it appears the author's true agenda is to keep the ZIRP gravy train rolling down the tracks. If that is the case, I have an investment involving long drops and short ropes that Lance should carefully evaluate.

Mon, 07/21/2014 - 12:38 | 4984078 Make_Mine_A_Double
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Understandable if you live in the Ivory Tower and your man servant and body guards go for the groceries, gas and whatnot.

However, if you are a normal working stiff you notice things like when I leave my building at 5 am that mine is the only car leaving a 50 car garage for a long day at the office. I.E. very few people seem to be working.

You would also notice a great deal of stress and low brow behavior of the folks you work with as they seem to be under more stress than usual (I assume trying to make ends meet with a good 10% commodities inflation and a depreciating currency).

You would also notice empty store fronts. Things like the local 1500 layoffs at MickeySoft that don't usually happen around here.

There really is such a thing as the 'belt way bubble'. That is not reality in DC.

Mon, 07/21/2014 - 13:31 | 4984096 RaceToTheBottom
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I am seeing huge amounts of stress related activities, not just in the workplace.  It is everywhere.

I think that is why certain entities purchased lots of bullets

Mon, 07/21/2014 - 12:54 | 4984147 Fuku Ben
Fuku Ben's picture

Zot..Zot..Zot..

Are you awake yet?

http://www.youtube.com/watch?v=P9VhiTY3mEw

Mon, 07/21/2014 - 12:57 | 4984158 JRobby
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"I.E. very few people seem to be working."

90 million plus dropped out of the "workforce tabulation"

No housing statistic seems to be counting the people who now live with relatives and friends or are camping after moving from foreclosed on homes or evictions.

When your government lies to you, it is time for a change.

Mon, 07/21/2014 - 13:04 | 4984173 PeeramidIdeologies
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But of course the Fed's ancient models are inaccurate. Why would they have cared to update the structure when everything was cantering along at profitable pace for decades! Why fix what was never broken?! Ha

It is now obvious to everyone, Fed numpties included, that there are literally millions of people, and billions of dollars of economic (in)activity that is unaccounted for. It's a pitty the Fed is showing it's self to be such an unscrupulous institution as I have been working on a modelling system that uses factual variables and a series of identifiable ratios that, IMO, would become quite intuitive, if not down right predictive of economic activity.

Alas information is power and considering misuse of what power the Fed already yields, I'm afraid Janet, that you will not be privy to this instrument of mass construction.

Mark these words the Fed's days ARE numbered. I know this as it was depicted in bright pink on the side of a rail car. The signs of the times.

Mon, 07/21/2014 - 13:02 | 4984179 SickDollar
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I guess they stopped counting all the college gradutes since 2008

 

Mon, 07/21/2014 - 13:07 | 4984205 drchris
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Employment is great. The economy is great. Obama is the best. Now please end QE and raise interest rates above inflation. Thank you. 

Mon, 07/21/2014 - 13:18 | 4984266 Eyeroller
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"Is Yellen being misled" implies that the Ponzi Munchkin does not know what is going on and is getting bad advice.

I say that Yellen is political, and like any politician (regardless of what party), she only looks at charts/information that supports her Keynesian mandate.

Mon, 07/21/2014 - 13:36 | 4984366 SmittyinLA
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SMILE AND LIE,

that's all she'll do, bank on it, she's the face of evil, she's a female Bernie Madoff, she probably knew Madoff quite well, maybe even lived in the same building and donated to the same "charities" as Lois Lerner.

Mon, 07/21/2014 - 13:48 | 4984414 razorthin
razorthin's picture

Since the correct "policy move" is get the fuck out, I rather hope she misinterprets the data.

Mon, 07/21/2014 - 13:58 | 4984470 KingTut
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Are you kidding!?  The first rule is don't breathe your own exhaust.  The Fed may be corrupt, but they aren't stupid.  They know exactly how fucked up things are, but they think they can control us by telling us everything is OK.  They may be smart, but they have no idea what to do, so that's all they have left: keep the unwashed masses clueless so they don't panic and start rioting in the streets.

This is a giant juggling act trying to keep the US Empire alive week by week.  But when the dollar finally goes, the Empire will go with it.  We can only hope the military doesn't try to keep it going by force.  The US Empire was accepted as a necessary evil by the rest of the world, and they got global prosperity and Pax Americana in exchange for acquiescence.  But without the dollar, Pax Americana devolves into military bullying.   The world will simply opt out of that (it already is).  This is going to to be bad enough for the US as it is.  If we try to preserve it by force it will only make it worse.

People like Yellen are just beginning to realize that the jig is up, and we are entering a new world distopia (NWD).  They know it will be much less propserous and much more violent.  These people are in full panic mode, hoping beyond hope they can salvage the status quo. But it's already too late.

Mon, 07/21/2014 - 14:48 | 4984695 uncle_vito
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Negative policy mistakes?   It is enevitable.   Bring it on.   Economic recession and deflation.

Mon, 07/21/2014 - 14:59 | 4984742 ejmoosa
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Employment is a lagging indicator, by four to five quarters....

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