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Damage Control Time
When in doubt, just unleash the world's biggest permabull, and Groundhog Phil's archnemesis, Joe LaVorgna, on social media in hopes of salvaging some of the crushed "recovery" narrative. For everyone else, sit back and enjoy the humor.
Since control was not as weak as the headline, the potential negative impact on Q4 #GDP may be not as large as some think.
— Joseph A. LaVorgna (@Lavorgnanomics) January 14, 2015
After inflation-adjustment, retail control was likely positive last month. The labor market is booming.
— Joseph A. LaVorgna (@Lavorgnanomics) January 14, 2015
The economy generated 866k jobs last quarter so investors should not overly fret disappointing retail sales.
— Joseph A. LaVorgna (@Lavorgnanomics) January 14, 2015
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I love this guy more than the Krug.
it's because of his gigantic forehead, isn't it?!
Must take him ages to wash his face.
Que in the Clowns...
Yes, the labor market is booming. Looks at all those burgers being flipped...
The Clown of CNBC is on the tube frothing at the mouth... His latest pearl of wisdom, "There is no systemic risk in the markets"....
You can't make this shit up...
Thanks Joe, high five (head)!
That would be the best.
He could rent it out as billboard space.
Joe LaVorgna:
https://www.youtube.com/watch?v=zDAmPIq29ro
"booming" he says.
I'M PARTYING LIKE IT'S 1929!!!
After adjusting for inflation, Joe's forehead is normal.
Tweet that, bitchez!
pods
Ministry of Propaganda got a new employee I see BITCHEZ
Wasn't this guy a Seinfeld character? Crazy Joe Lavogna? And Joe, when spreading propaganda go big or go home. Unemployment rated declined to 0% and everyone is employed with 50% holding 2 jobs and 20% having 3 or more.
he got nuthin on MDB
"It's an illusion..." GOB LaVagina
https://www.youtube.com/watch?v=X1WSH0VzoaM
Joe LaVorgna's mom:
http://www.theparanomalist.com/184/missing-time-experience/talosian-alien/
I think it's closer to twelve than five. He'd just better hope that male-pattern baldness isn't in his future.
I stopped watching CNBC--save the TV for sports
Go long burger flipping robots. It is right around the corner.
And I can't wait until you have robots that can mop and bus a table. Maybe then the fast food joints will have clean bathrooms too since a robot isn't grossed out by a nasty toilet.
And low end labor? Sorry
And any recovery in jobs? Sorry about that too.
deleted
So...many...clowns...*screams and runs off toward horizon*
Oh fuck this man with a cattle prod.
He uses a pressure washer.
Explains why he's deaf as well as dumb.
I was thinking a rag on a stick, but whatever gets the job done.
Yea, Mongo - got a forehead like a drive-in theatre, but he's a good egg, so we don't bush his chops too much. I just assumed that was photoshopped.
Looks a little like 'Timmy'
Takes him an hour to put on a hat..
He needs forehead reduction surgery, if it exists.
So, Beavis or Butthead?
It's a simple procedure really.. you place the gun of your choosing to the back of his head and pull the trigger. Forehead reduced.
What a tard. He only knows surface numbers and what the local barista tells him. American job market has been reduced to a circle jerk of selling and buying fast food to each other depending their shift.
lavorgnanomics? really?
I think I see some giz coming from the corner of his mouth.
After inflation adjustment -
OH and anything else we can fudge - lol
Please don't sell. Please.
I dont see why the big donors and banks just dont get together and circle a date on the calendar.
These guys could sell retail investors long and buy every short, CDS and put option and rob everyone with a far enough down day...
How do you know they haven't?
I dont know what he's drinking but I HAVE to find out
pay no attention to the man behind the curtain...
So fed meetng comming up and where is bullard with the QE come on lets not give up without more lies
the bears better not get too frisky or they'll end up as a rug in front of yellen's fireplace.
dead by dawn. dead by dawn... [/evil dead 2]
I dont know what he's drinking but I HAVE to find out
They call it an "Uptown Red Bull". Champagne infused with an 8 ball of coke and a roofie.
Hmm, you don't know if you're coming or going, but you're definitely going to get fucked...
Generating part-time, poorly paying jobs is not "booming".
Adding trillions in debt as attempted stimulus, 5 years into "recovery" is not "booming".
Looks like we have one who can see.
-They Live
"Put.On.The.Glasses!"
No, really. That's my advice to youngins today.
I'm all out of bubblegum.
OBEY
Survival jobs..that is all..
Just seasonal jobs, right? To support all the Xmas shoppers in a December where sales missed 0.9% MoM, right?
What a fucking tool this guy is. He is living in a fairy tale.
Hey Joe you little peter smoocher, the 886k jobs created were bartenders and burger flippers you fuck. Not a lot of stawk buyers in that group.
They don't buy stocks but the generous pension and 401k plans they have from their employers buy stocks.
Generous 401K plans for part time low skilled workers? Those are going to the automated full time cooking robot ranglers setting in a cubicle somewhere.
Ah, the sarc too sophisticated for you this morning?
Careful: ingesting this toxic waste will make you sick.
Though in small enough doses, it does serve as a vaccination against stupidity.
After all, I find it hilarious that anyone, let alone a "professional (whatever the fuck he is)" could say this shit with a straight face, as well as still make public appearances.
Yet here he is, doubling down once again.
The fan is going to get messy.
Poor fan. It's going to need some accompaniment, or to be replaced by a bigger fan.
poop meet propeller...
DaddyO
Quick...Commence Operation "Open Cake Hole"
They already trotted out Plosser this morning...I expect Bernanke to issue a statement by EOD.
But with Obama a lame duck and Congress held by Republicans - will the White House gang feel like seasonally adjusting all the government numbers up - or will they let the markets crash so they can blame the Republicans and set up Democrat wins in 2016?
It's not working. Maybe krugmans cat has a bounce left in it
With comments like that, he probably lost the respect of his children long ago.
What a delusional spinmeister.
I'm becoming nauseous from all of the spinning.......
It's all so fucking disgusting and pathetic.
Denial: 1) the indefatigable pursuit of the way the world ought to be when confronted with the reality of how it is. 2) see: J. LaVorgna
Morning humor so early....
Joseph A. LaVorgna: Staus Quo Brainless Bootlicker....
Good old Joe. Probably has his portfolio pumped to the max with mining stocks.
LaVorgna and Jay Carney can team up for a Las Vegas comedy show.
hahahahahah
crazy pills
He is a paid actor
If this guy isn't related to Timothy Geithner (based solely on looks), I'd be stunned.
Is economic ignorance an inheritable trait?
All Ashkenazim are related. That's why they have all those interesting genetic maladies.
Amazing how these clowns can call these worthless PT jobs , Jobs...unsustainable Bullshit.
Must protect status quo at all costs....
lavorgne and mark zandi, what shills. And they get PAID for this.
Fed...must...open...mouth hole...
And back in november when someone said december sales were going to suck, he probably said impossible, indicating it would be a big deal if they did. Now he's saying the contrary.
Rise UP Freedom Fighter,
Veterans against the Zionist Wars Speak out..
https://www.youtube.com/watch?v=WWUQ_N_vHc0#t=225
Sorry pal, but the instant any group decides to "rise up" is the very instant that the banksters, et al., collapse the whole false edifice.
Heh. See next ZH article of the day:
The Looming "National Nervous Breakdown"Mark Zandi last night on Nightly Business Report (4:34 in)...."I just don't believe the WAGE data. Employment numbers, sure, just not the wage data. There's a lot of technical issues, I just don't believe it."
http://nbr.com/2015/01/13/nightly-business-report-january-13-2015/
I don't believe you Mark.
Bwaaaaaahhh! Did he really say that shit with a straight face? Hot damn he's good. Gotta love a true psychopath.
he gets the Zandy Award for the month of January!
Joe.. did they get paid in peanuts? If all of those jobs were created I find it hard to believe that the American dolts didn't spend all of their paychecks on nonsense. If those job numbers were real retail sales would have been through the roof. Thank you for proving the jobs numbers are BS
That's it Joe. Dump your own personal portfolio on to the market.
FUCK YOU Joseph A. LaVorgna YOU FUCKING DOUCHE BAG!!!!!!!!!!!!!
Steve Liesman just did the RDQ economic quote "we do not believe the consumer is pulling back and this paints a misleading picture of 2014"
double ha ha
Simon, "I don't see what the drama is. People saved a lot of money on gasoline, and they spend a bit less on vehicles... the headline minus gas is just down 0.5 percent"
triple HA HA
I've got to shut the propangdana off. CNBC is killing me right now. SOmeone needs to upload this entire clip - it's RIPE for mocking.
The Onion just blew up this guys Linkedin account.
Feels like the market is trying to force the ECB into some type of QE action - knowing that once it begins it will never end. Gotta watch for a bounce ahead of the ECB meeting.
The robots say it best:
www.youtube.com/watch?v=mxD-5z_xHBU
Sign of a pro when they can keep thier sense of humor.
It's a virtual platetoid! Has it's own weather system!
https://www.youtube.com/watch?v=SJ8Rc98Xs20
Am I to understand this moron makes more than the average American, who actually works for a living?
you mean they created all those jobs, but we shouldn't be worried that they aren't making more money? How long do you supposed those jobs will last?
What an asshat.
doesn't look like he's old enough to shave. dildo lmao
Since when do Martians have a say in the matter.
His newest this morning:
"The retail sales data do not jibe with post-recession highs in consumer confidence."
Right - consumer confidence is a much better measure of what is really going on than that fucking stuff called 'data'...
He's like Baghdad Bob and that shill for the realty association.
Jump motherfucker!
866 low paying jobs