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Someone Is Lying: Job Optimism Plummets To Levels Unseen Since Financial Crisis
The percentage of respondents to University of Michigan's Consumer Sentiment Survey that "think they (or their spouse) will lose their job over the next 5 years" soared to its highest since March 2009.
Either the BLS' workers are lying, or the government's data on jobs is 'misleading'
According to UMich Curtin:
- CURTIN: TRADE GAP'S INFLUENCE ON JOBS BIGGEST SENTIMENT RISK
And worse still:
- CURTIN: MAJORITY OF DECLINES THIS SIZE OCCURED IN RECESSIONS
But do not worry:
- CURTIN SAYS DOESN'T EXPECT CONSUMER SPENDING TO RETRENCH
Though he offered no actual reason for his expectation.
Finally, we note the last time this happened...
Personal Spending Collapsed!
Charts: Bloomberg
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People don't spend when worried about their job.
Someone Is Lying
I'm thinking maybe more than one person.
Stupid chart..
Nobody has a job anymore!
We bull shitted some folks.
5 years out LOL..
On a long enough timeline, nothing really matters anymore...
https://youtu.be/fJ9rUzIMcZQ
Nonsense HB, government jobs abound....
I find it curious the MSM lack of interest in the background of AMTRAK engineer Brandon Bostian.
For some reason I feel if Mr Bostiam had been photographed at a Tea Party Rally holding a flag, rather than a gay rights march holding a cardboard sign saying “Hugs for free” there would be much more interest.
Then again I am very cynical.
Cause he's gay.
Right, because he's gay, the real problem is the lack of spending on safety features, the lack of effort by Amtrack from their federal funding to improve safety, the tightness of the turn.
If he had been cisgendered and gun-toting, he would of course be the problem that caused the accident.
What we need is a Black Gay man at a Tea Party open carry rally to be beating by lesbian liberal white woman. That will get smoke coming out of the news media's ears.
Uh... You forgot to include abortions and whales... NO STARS...!!!!
And forgot open carrying an ASSAULT RIFLE with bayonet, pistol grip, flash suppressor and loaded 40 round magazine.. in NEW YORK!
Yeah.. a nasty fucking flash suppressor of all things!
Oh no.. Can't have THOSE things on your rifle!
Fucking idiots.
Cause he's gay.
Since when is being happy a crime?
heh, gays are already getting divorced. They had it so good too, "I'd marry you honey but it's against teh law." I rest my case.
Stop calling them gay. Faggots are never happy. They're criminally disturbed perverts with no business outside an insane asylum unless forcibly castrated---the only cure for faggotry known to mankind.
Chop Bostian's balls off. Without anaesthetic. Now.
CE- are you saying he set the auto-pilot on the train to zero altitude on that section of track to intentionally crash it into a mountain?
That would be freaky because I made exactly the same joke on here a few weeks ago about the derailed crude oil train. That was about the same time that wack-a-doodle flew the German Air plane into the side of a mountain because he was gay and "depressed" or whatever.
But it was just a joke at the time. Now it may actually be happening? A depressed gay guy intentionally wrecking a train?
It's getting very "trendy". Think I'll drive.
Yes. Copycat. Textbook case.
Another self-absorbed, distirbed pervert's self-loathing finally overcame him. Not having access to a jumbo jet, he figured he'd commit suicide by high-speed train to get his fifteen minutes of attention whoring from beyond the grave.
Unfortunately for him, he only succeeded in killing other people.
Oh dear me, Bostian is not going to enjoy prison.
Are you suggesting that gay people represent some additional risk to society that is inherently greater than straight people? Small-minded and emotional thoughtlessness.
Congress is at fault for not having the safety system turned on. They rush to fund war mongering but they delay the wireless spectrum to get the system turned on. Congress is at fault. The crash should not have happened and those people should not have died.
http://www.nytimes.com/2015/05/15/us/amtrak-says-it-was-just-months-away...
People, whether productive or not, all have to eat and shit, period. If people are fortunately enough to have additional income, after eating and shitting, they might spend that money on other non-essentials. As far as I am concerned, the government should have minimal say in terms of exactly what those non-essentials are.
Yes, but the difference is that some people's shit doesn't stink. That's how you know those are important people with disposable income who tell others how they should live their lives and spend their money.
Yes, here's to hoping those people "taste like chicken" then...
To be honest, I don't see how the middle or supply lines have held this long.
Things fall apart; The center cannot hold.
Such is the nature of things during the second coming, er, term, of Barack the Magnificent.
But we need trains!
People don't spend when worried about their job.
or when worried about the huge out-of-pocket expense that comes with Obamacare.
or they just borrowed too much money to buy new cars and other crap and now can't pay it back.
but the back up plan is to LIVE in that car.
or when realizing unemployment rate is a trick.
Retailers like Macy's, J.C. Penney, and Kohl's have all reported mediocre results this week.
The companies have blamed a variety of temporary factors — such as delayed inventory shipments, bad weather in February, and fewer international tourists — for the slowdown in business.
But Americans are increasingly spending less on clothes and home furnishings, a trend that could hurt the companies' businesses for years to come.
http://finance.yahoo.com/news/emerging-american-trend-terrifying-news-16...
Maybe if consumers had some money......
Nah, too socialist of a thought to even consider, disregard.
I heard yesterday to go with a meme that has been popping up lately that they need big pocket foreign travelers to come back... With bets on a weaker dollar which should spring off a currency battle.
Gold has been weak compared to dollar drops. In my head as I watch lately. I know talks of stronger silver and gold holding if not rising some but.... Gold hasn't been responding to falling dollar as it was being held back when it was acting like it wanted to rise on a stronger dollar. Though gold demand is still there. Golds been lazy from my point of view when dollar has had some real fall out crash downs.
We r up her at $1224 w gold and we did come from about $1184 ....so that is some upward momentum. But on some days in my eyes the price rise was too lazy for me when the dollar fell... They weren't always syncing as I thought they should have.....
STOP ME NOW!!, what am I thinking fundamentals????? Lol when markets rigged.
Based on the chart in that link, it appears that the 25-34 group is paying more than ever to dwell in their parents' basements. Damn those greedy Boomer parents!
Time for Obama to confiscate everything owned by Boomers, except of course the Progressive ones like himself and Billary.
And those who didn't borrow have ZERO interest on their savings and can't spend either. Well done FED and politicians. Fantastic job. Everyone except you are broke
No, they are broke too. And they are eyeing the $10 you have left in your savings account....soon to be their $10. They might get desperate enough to send some goons to your house to look under your couch cushions too.
That's ok. when they stick their heads down the back of the couch to look for it I can set fire to it and run off laughing whilst sending a Vine of it to King Yun Un or whatever his name is
people know its all malinvestment that will soon be liquidated. how many Dunkin Donuts & Craft Beer bars do we really need in America!?!?!?!?
In the past 2 years there have been 5 brew pubs that opened in our little dead factory town.
Nobody can afford $10 draft beers.
Dunkin Donuts I can do without, but I do enjoy sampling other peoples craft beer and compare my own to it.
Lol. I hearz ya. That said,....this is ssssssssooooooooooooooooooooo PEAK beer.
Enjoy it while u can my friend.
Urgent MEMO to zerohedge from XXX:
The headline needs to be rewritten immediately to: US job optimism skyrockets to levels unforeseen since financial crisis. What is wrong with you people?
Job? WTF do I need a job for when I can get an Obamaphone, Obamacare, ObamaSNAP, an Obama mortgage, an Obama car loan, and an Obama student loan? Job...Lol, fuck your job.
Choomboy really inspires confidence, huh?
[guy's a total fraud, nobody with that bad a natal horoscope chart could ever get to be Prez]
Bush started this gansta shit, and this is the mother fucking thanks he gets?!
I am one to blast the wellfare state as much as anyone but the core of the problem lies not in the wellfare programs but the bank bailouts. TARP, TARP II, and the QEs are the problem. Let's remember it is not just Obama, but the WH that makes these decisions. Rahm, Dick, Rummy, these fuckers too. Let's put Obama on blast but never forget the problem stretches bac decades to Billery, Bush the ELder, and yes, even Ronald McDuchebag.
Say Doc, that Obama student loan that I don't have to repay, that might get me four years closer to retirement.
Sustainability is the new slogan/ there will no longer be growth allowed.
Based upon the number I know who lost their job last week alone... I would say unemployment is starting to sky rocket... again.
That's the beauty (in the eye of the government) of everyone on contract or less-than-full-time jobs: they don't qualify for unemployment in most states. You can dump a hundred thousand of them and it has ZERO effect on unemployment claims.
The shear genius of the unemployment insurance extortion scam is hard to get one's head around. You would think a central bank came up with the idea!
Just REAL unemployment is going up. In LA LA LAND everything is AOK. By the way, don't ask questions. People who ask questions are trouble makers and need to be re-educated.
Just REAL unemployment is going up. In LA LA LAND everything is AOK. By the way, don't ask questions. People who ask questions are trouble makers and need to be re-educated.
What's to worry about? We keep hearing that some guy's sister makes lots of money online somehow. Can't all these unemployed souls just do that? Who knows, they might even be able to collect unemployment compensation what making all those bucks online.
I had a family call me not 2 days ago...both Husband and Wife lost their job, and asked if they could 'squat' on my riverfront property I own in their pop-up camper for the Summer...I have not decided what to do yet...since I may need to squat there myself and dont like crowds...sympathize though, in the recession of the early 80's me and the Wife and daughter lived in a pop-up behind a kind souls barn for a year..we lost everything of course....one of the best years of our life though...'folks' are desperate...A whole 'Schindlers List' going on for the working man...Advice? Liability?
If they are productive, honest, and trustworthy people you should inivite them into your tribe. Otherwise, live and let live.
Its a fast river, deep and mean with strainers on the bends, and they have young kids...thats my main worry...
All depends on how well you know them. I doubt the problem would be letting them move in, it's more likely to be getting them to move out.
Ah yes, liability and lawyers have fucking destroyed this country. I would live and let live. I have seen good friends turn on each other when accidental shit happens to thier kids. It's called the "moma-bear" syndrome. I also love my wife, but understand enough biochemistry and have known her long enough to recognize that 50% of the time she is in fact not a rational creature. It is what it is, doesn't make her any less beautiful in my eyes.
Where'd you find one that's rational 50% of the time? Was she created in a laboratory?
Trying to be optimstic...
In case she's listening, I do like sex after all...
One of the great progressive lies that has been told to women who want children is that they can have their cake and eat it too...
no one gets to have their cake and eat it and there simply are no free lunches...
They are out there, my wife is about on the 50/50 mark, you need to find the rare ones that are good in the maths and sciences.
I don't know about that education angle equating with rationality. This is my observation: you can have a rocket surgeon for a wife, but she'll still do shit like butter bread before putting in the toaster, or hang a small photo on drywall with a sixteen-penny nail. Shit you not. Education does not extrapolate, trust me.
She probably went to private school.
Depending on your state, you may have to evict them to get rid of them, especially if they have children. Of course you want to be nice, but property is business.
Strikes me that you might want to work with a lawyer on a release for them to sign, one that specifically mentions the dangers associated with the river.
Not worth the paper. If a claim is big enough,some lawyer will still sue your ass regardless of
any waiver.
They will NEVER leave. Then when you need it, you won't be able to get it. If they stay there long enough under the right circumstances, the property becomes theirs. Don't do it!
Charge them rent. Say $20 per month. The river is a problem - consult an attorney. Perhaps a lease could be written up that would cover it.
Makes sense. They all realize the MSM will make sure Hillary is president and that all the Republicans we just voted in to fix this mess are really Dems in disguise. So basically the common man has no advocate and therefore the lies and deceptions will continue. And so go the jobs as advantage to the few ultra wealthy with disproportionate influence over the political landscape.
The BLS is lying?!
I am Jack's lack of surprise.
Who's truthful is the outlier these days when it comes to government economic figures. It's all a fairy tale coming from .gov.
JOB=Just Over Broke
Who cares about losing a job, just as long as they don't take away the TV.
Nobody has to be lying. The two metrics obviously no longer correlate. Look at the spike in worry in 2011 that has no spike in claims. All this tells us are that people are more worried about job loss since the Great Recession, and they are getting a little more worried of late. But initial claims are still going down.
Consider this: Employers probably have more ways to cut hours now without actually laying people off. It is easier to reduce someone from 29 hours to 20 than it is to chop a full time person from 40 to 30.
Geez, why not just chart the player sentiment in a game of musical chairs? It is rational and correct to have an increasing level of anxiety. Last one working, please turn off all the other lights?
"When it Becomes Serious, You Have to Lie".
-Jean-Claude Juncker
"Everything can be solved via karate chop"
-Jean-Claude Van Damme
We need to seaonally adjust some folks.
What would happen if you use a YOY chart for consumption? Its a really bad idea considering a MOM chart for consumption.. But that was a good reason for retail sales so low...
YOY chart you see the consumption getting weaker...
The "SOMEONE" is your goverment!
Who's the guy on here always bragging about a 29.5 hour a week job? Where do I get me one of those?
Fuck this govt, fuck the last one and fuck the next one.
They don't even care anymore how transparent their bullshit is.
Everyone is lying.