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CA +1,449 No comment.
Yeah, me too. No comment.
NY--no mention of layoffs in the Financial Sector? LOL. There is no reality whatsoever in these B(l)S numbers any more. They're not even trying to hide it--what's interesting about that is who do they think they're fooling? The cramerites and the lowest common element of CNBC readers might gobble this shit up, but any retail investors with a decent bankroll and any institutional investors--in other words, the people with the power to move the market--all know that the "vastly improved data" is all complete horseshit. How does every data point improve while europe is imploding, china is landing, and every emerging market economy is deteriorating? Why are they even bothering? Don't they know they're going to lose yet? This is like watching that sad kid who runs to the end zone and spikes the ball as everyone else heads to the locker room....
No decoupling, even Mars is dependant on China's exports now!
I say the FED opens an unlimited credit line to Mars's central bank so they can spur lending to martians and buy more of our stuff!
November 17, 2011
Reuters: Venuatu, Mars
Enlightened bankers, er, being on earth today sent a letter to the central bank of Mars asking them to participate in a more meaningful way. Having exported $338 Billion worth of goods to Mars in the last year earth now believes it is time for Mars to step up and give MORE>
When asked what "MORE" looks like Ben Bernanke, head of the Federal Reserve had this to say. "Fuck I dont know."
the best part of the ponzi....this "better than expected" data out of the us ramps...the EUR!!!!!! thats right, the US is "recovering" and people are selling USD and buying EUR. Fucking hilarious.
You think there are actually people trading?
They've been shit canning any human in the financial industry for the last three years. The ones that got canned at Lehman were lucky to get it first.
Seasonal adjustments at work here.
How many retailers and UPS are hiring thousands of workers for 2 months, so they can sell and move seasonal merchandise?
But yes, the theories i am going with today are decoupling and those excess exports are at the island of misfit toys.
Good time to check container flow out of China and see how Xmas is going to be. Can't sell what you don't have.
Anyone know what the next hot product out of Japan will be? (I know, too soon by about 50 years)
3Y & 5Y give a good indication of where we are at...
'Anyone know what the next hot product out of Japan will be? (I know, too soon by about 50 years)'
Whew.. that's a relief.
For a while I was worried about things, there.
Same guy checks and finalizes world export numbers?
There's an App for that.
LOL! Jobless claims are revised up every week, and housing starts are revised down every month.
Fudging the numbers is the NKI!
US consumer savings rate was @ a 4 year low. Conspicuous consumption has returned. But balance sheet is still precarious. More so. Not much room for error, if there's double dip.
Everyone I know who is in sales says their business is very slow, except the liquor store guy.
A good bottle of single malt scotch cures all kinds of ailments...
Same here. Every store owner and hotelier I talked to said,"it's dismal."
I do not know where they come up with these retail sales figures un;ess they are counting in sales of PMs to Central Banks who are gobbling up every ounce of the shiny stuff they can buy (or steal).
Funny, thing is they don't seem to know yet, "you can't eat gold."
Maybe the savings rate dip isn't due to "conspicuous consumption" but to savers now having to eat thru their savings as we're nearly 4 years since Bush "...abandoned free-market principles to save the free-market system."
I think we abandoned free markets in 1913 but go ahead and blame Bush if it makes you feel better.
NY had large layoffs in the 'recreation industry'? Do they mean mimes and such, or would that be CNBC staff or something?
Porn and hookers.
Naturally, that corporations, which have already cut all the fat and now have fewer and fewer people left to fire is of secondary importance.
Corporations are coming to a crossroads.
They can't hire more people because of "cost" affecting their "profits" (i.e., shareholders and board's paychecks), yet if they fire more people, it looks bad for their image and maybe even stock. And existing employees, whose productivity is up because they are scared shitless of losing their job, despite not getting a raise (and companies gaining profits), aren't going to take this much longer. People WILL walk off if they call a bank holiday and oil goes up to a certain point.
Soon, as the money crunch gets tighter, corporations will almost have to keep cutting fat until the only ones left are the managers and CEOs, who will be left to do grunt work (lol).
And of course, initial Jobless claims will fall all the way to ZERO by the time everybody has become unemployed.
Surely that would be cause for celebration!
Keynesianism in a nutshell.
And the following month the BLS would proudly proclaim that the economy is in great shape because THERE WERE NO JOB CUTS LAST MONTH.
Guys I know its tough. I know the Tyler Durdens have an excuse for everything that isn't doom and gloom. Data good, manipulated. Data bad, not manipulated!! Can't trust the original but the revisions are correct - even if both numbers are from the same folks.
But the world still turns and the end really is no where near, no matter the ZH prophecy that just keeps failing.
Again, get out of your parent's basement or your backyard bunker. Meet some real live people. Go out and try to get into a good eatery without a wait. Wait in line at the gas pump and fight the traffic. You will come to realize that the Fed has been fought and once again, the Fed has won.
Now, enjoy this wonderful day. And remember that tomorrow will be better!
Well what are you doing here then, if everything is so great....writing long paragraphs about how the site youre on is 'wrong' and everything is great? Shouldnt you be out there consuming and enjoying your vast market profits on a yacht in the Carribean? Get in there and BUY more man! The markets arent waiting, sitting here at 1995 levels, inflation adjusted more like 1980's but HEY man its all good hurry and buy all you can!
Inflation adjusted, probably more like 1932.
Brother, can you spare a dime?
At least in 1932 dimes contained real silver.
Inflation adjusted, the S&P is around 2001-2002 levels:
... not that it is supported by fundamentals
I logged in just to vote your comment down. Did you see the headlines at DrudgeReport this morning? Even as more Americans are waking up to the severity of the situation, you peddle hopium, but there are very few buying at this web site.
Maybe he works for the Obama Reelection Campaign and is trying to convince everyone that the (false) messiah will make everything better. It's not always easy to recognize an ORC.
" You will come to realize that the Fed has been fought and once again, the Fed has won. "
What will be the ultimate cost of a Pyrrhic victory "won" by the Fed. Will the middle class in the US cease to exist?
Interesting post No Mas but I think you may have it a little wrong. We are not doom and gloom here. We are given the information and we act on it ourselves. If you just take all the data and sort out the facts and what you see in your home town you may understand how the system is deteriorating. We are all out in the world, check out the people at WalMart, HD, notice the lack of smiles, notice how all know this is not getting better.
Look at our political system. Nothing more has to be said there.
And you are right, it is not going to fall apart today or tomorrow, it is a cancer that slowly eats away and destroys the system. We go about our daily lives as best we can and enjoy as best we can. But not to protect your assets and family in case You are Wrong.
Not willing to take that chance.
Everywhere I look I witness decline and/or denial of it. That is the typical "middle" class neighborhood. Where do you live?
Oh and No Mas dont forget all the months of markets popping on 'bad news is good news' because that means the FED will fly over Wall St and drop pallets of free money are gone and its good news is bad news now. Cant have it both ways you know.
Guess yesterday was a false alarm, QE3 is now off. Someone notify the oil traders in Houston.
Yep just another QE3 false alarm I guess. LOL those whacky FED guys are somethin else huh? COming out and popping the QE3 rumor when markets are sliding just for a momentary pop, hell its all good FED just listen to what No Mas says, everything is just peachy keen and all.
sheepie, we have to put an end to this qe3 talk, for that is the real HOPIUM
Their turn toward 'good news' leaves QE3 talk high and dry for sure.
In order to qualify for unemployment benefits, one must work in 'covered employment' (i.e., full time job) for a substantial amount of time - usually a year.
Whatever the issue with seasonal adjustment, one can anticipate (given the massive shift to part-time and seasonal hiring ploys to better take advantage of the weak labor market) as well as the stellar birth-death numbers signaling the rise of individual entrepeneurship (single person small businesses do not figure in the UC system without hiring anyone) that fewer and fewer people will have 'covered employment' for the requisite period of time.
Therefore, as the temporary economic blip enters its fifth year, the initial claims should continue to drop.
One or more of the GOP presidential candidates should pledge if elected they will 'get real' with the jobs and economic data. Nothing is going to change until we face the reality and stop this charade. Voters would also appreciate someone saying it. Just my 2¢.
LOL, the 'republicans' are now just fodder for late night comedians, theyve so overplayed the early hype theyre already tiresome and its over a year till election time.
What else is new, late night comedians are hollywood liberals.
With the exception of Ron Paul, the leading GOP candidates all seem to want conflict with Iran. Maybe that is their plan to kick-start the economy and increase hiring...
Did the BLS ever correct their mess up last year with the numbers? I believe they may still need to add the 800k unemployed they "forgot".
Bloomberg's reporter asking a trader on nyse's floor if the "impressive" stronger US economic data can offset Europe's worrying economic climate.
How early it's too early to start drinking?
Its never too early to price in some more unicorn farts!
It's never too early, only too late.
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