Here Is This Morning's Massive Econ Data Dump

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Thu, 09/15/2011 - 08:37 | 1672613 101 years and c...
101 years and counting's picture

prices and firings surge.  ben is 0-2 in achieving his 2 mandates.  even a weatherman has a better record.

Thu, 09/15/2011 - 08:44 | 1672653 hungarianboy
hungarianboy's picture

Oh really? Looking at gold it seems he is scoring this time :-)

Gold to 1700 first then 1450 and maybe even lower.

Thu, 09/15/2011 - 08:46 | 1672664 HelluvaEngineer
HelluvaEngineer's picture

Short it or STFU

Thu, 09/15/2011 - 09:10 | 1672779 fuu
fuu's picture

99 weeks ago today was 10/22/2009

151 weeks ago today was 10/23/2008


151 week tally given in case this thing gets passed now.

Thu, 09/15/2011 - 09:53 | 1673050 r101958
r101958's picture

"Initial Claims, +428, Exp. 411K, up from 417K (414K was revised upward of course); 22 out of 21 400K+ prints; Employment looking bad again"

Let's just drop the 'again'. It has never gotten better. The 'perception' of getting better was created by fudging numbers and creating temporary, gov't paid, stop gap jobs.

And now, fudging and/or hiding UE numbers by reducing worker participation is keeping the published UE number from going where it actually is; above 11%.


Thu, 09/15/2011 - 11:15 | 1673433 LowProfile
LowProfile's picture



"They" will whack gold HARD.  "They" HAVE to, they have nothing to lose but their ponzi banker scheme.

So rosin up your hands and get a firm grip on your sack, because this shit will be V O L A T I L E.


Thu, 09/15/2011 - 12:19 | 1673707 boiltherich
boiltherich's picture

All I know is hamburger has gone from $2.79 a pound for 7% fat meat last year to $6.59 a pound for the same thing this year (236% increse), if that is price stability I will gladly switch to eating the Feds bogus reports.  I need not even comment on employment. 

Thu, 09/15/2011 - 08:50 | 1672683 kurzdump
kurzdump's picture

Mein lieber ungarischer Freund, I think you already informed us about your idea of whats going to happen to GLD. There is no need to post it over and over again.

Thu, 09/15/2011 - 08:54 | 1672703 taraxias
taraxias's picture

Don't feed the trolls

Thu, 09/15/2011 - 09:01 | 1672723 Dr. Richard Head
Dr. Richard Head's picture

Trolls need to eat too.  Plus, bashing them is good for our soul. 

Thu, 09/15/2011 - 09:28 | 1672903 MFL8240
MFL8240's picture

Smart comment, how about expalining why?

Thu, 09/15/2011 - 11:28 | 1673491 LowProfile
LowProfile's picture


The FED does not have political cover for direct monetization.  A massive decline in the stock market will do this.  Margin calls will be forced, even on gold.

Expect a hard decline, just not quite as bad the last time it happened.  "They" may even use this to naked short gold further as "They" have nothing to lose if they fail.

Might even happen a third time before "The Great Reset".

Thu, 09/15/2011 - 08:44 | 1672656 cossack55
cossack55's picture

Maybe we should assign the Fed 10 mandates. Rudy von Bernankenstein would then be 80%.

Thu, 09/15/2011 - 12:24 | 1673726 boiltherich
boiltherich's picture
The Fed has only ever had a single mandate, protect and increase the real wealth of the top 10% of households by income, and concentrate that defense in the top 1%.  Because we all know that is the tide that lifts all our ships, even if the rest of us see water coming over the gunwales and have to bail like mad just to slow the sinking. 


Thu, 09/15/2011 - 08:38 | 1672614 oogs66
oogs66's picture

Bullish right?

Thu, 09/15/2011 - 08:40 | 1672629 DirtMerchant
DirtMerchant's picture

around 2:30 EST it will become bullish, just like every other trading day...

BTFMU (Buy the Fucking Melt Up)

Thu, 09/15/2011 - 08:43 | 1672650 bam_son
bam_son's picture

great pic

Thu, 09/15/2011 - 08:40 | 1672630 bob_dabolina
bob_dabolina's picture

Nancy Pelosi said that unemployment benefits was the best economic stimulus you could provide. 

Thu, 09/15/2011 - 11:29 | 1673501 LowProfile
LowProfile's picture

Nancy Pelosi has an aggressive brain parasite.

Thu, 09/15/2011 - 08:41 | 1672636 HoofHearted
HoofHearted's picture

Looks like Obama saved a lot on our car insurance...we saved $4.4billion in the current accounts. Now let him show us where he is going to spend that...

Thu, 09/15/2011 - 08:41 | 1672638 HelluvaEngineer
HelluvaEngineer's picture

This is all so f*cking bullish I just came in my pants.  At the bell I'm buying NFLX with both hands.  Booyah, bitchez!

Thu, 09/15/2011 - 08:42 | 1672647 traditionalfunds
traditionalfunds's picture

Exactly. Options on Ultra Long ETFs the onlyway to play it.

Thu, 09/15/2011 - 08:38 | 1672618 Zgangsta
Zgangsta's picture

"22 out of 21 400K+ prints"

Over 100%! That can't be good.

Thu, 09/15/2011 - 08:40 | 1672632 Drag Racer
Drag Racer's picture

wait for the revision later...

Thu, 09/15/2011 - 08:40 | 1672634 DRT RD
DRT RD's picture

Refer to yesterdays articles about the intelligence of Amerikans!

Thu, 09/15/2011 - 09:03 | 1672735 Dr. Richard Head
Dr. Richard Head's picture

What is this intelligence thing you refer to?  I can quote football statistics like a baller and can name all of the Real Housewives of Fucked-Up County - aka real knowledge.  What more do we need?  Jailbreaking a smartphone?  I gots that too bitchez. 

Thu, 09/15/2011 - 09:07 | 1672734 serndipity
serndipity's picture

A terrific leading indicator, to predict the level of uneployment and new claims each week, is only to count the number of posting here.

Note: The under 30's are in the streets, the under 60's post and the rest are watching TV and/or listening to Bloomberg, reading the WSJ etc..

Thu, 09/15/2011 - 08:39 | 1672620 EscapeKey
EscapeKey's picture

I thought Bernanke recently reassured that the deflation we've been fightnig all this time in fact had been inflation, but that we shouldn't worry about it, as it was now on the decline?

Jeez, does that guy ever tell the truth about anything? How can such a lying sack of shit keep his job? I suppose he's compared to the likes of Geithner, but still...

Thu, 09/15/2011 - 08:54 | 1672699 Ponzi Unit
Ponzi Unit's picture

His job IS to lie.

Thu, 09/15/2011 - 09:06 | 1672745 Dr. Richard Head
Dr. Richard Head's picture

He reminds me of a man that has been caught by his wife in an affiar.  Deny, deny, deny until the divorcepapers are signed.  I am just wondering when the rest of the Americant public will finally file their divorce papers to the stock and banking markets,  Mine have been signed, sealed, and delivered since 2008.  Economic divorcee fun has it benefits you know. 

Thu, 09/15/2011 - 08:39 | 1672622 LawsofPhysics
LawsofPhysics's picture


Expected update, but hey look the Chinese are complaining about U.S. tresuries being a "bad" investment.  My guess is that we will have a few good auctions shortly.

Thu, 09/15/2011 - 08:39 | 1672623 papaswamp
papaswamp's picture

Looks like another green close today right? Bad news is good news? Unstable and collapsing banking systems are positive?


I think I'm starting to get the not really.


Thu, 09/15/2011 - 08:48 | 1672672 SheepDog-One
SheepDog-One's picture

Remember the daily mad pumps that made no sense at all back around DOW 12,000-12,700 right before it sold? 

Thu, 09/15/2011 - 08:39 | 1672624 Gandalf6900
Gandalf6900's picture

Europe shrugged it off like hot peepee

Thu, 09/15/2011 - 08:41 | 1672637 digitlman
digitlman's picture



Thanks, Gandalf!

Thu, 09/15/2011 - 08:42 | 1672644 DirtMerchant
DirtMerchant's picture

There was a rumor that it was raining

Thu, 09/15/2011 - 08:39 | 1672625 scatterbrains
scatterbrains's picture

I say lets print now and worry about 140 Brent later

Thu, 09/15/2011 - 09:25 | 1672870 hedgeless_horseman
hedgeless_horseman's picture

I say lets print now and worry about blame China for 140 $200 Brent later

Thu, 09/15/2011 - 08:39 | 1672626 Who is John Galt
Who is John Galt's picture


Thu, 09/15/2011 - 08:40 | 1672635 papaswamp
papaswamp's picture

Here is the key...

 August Real Earnings: -0.6% for real average hourly earnings M/M, -1.9% Y/Y. Real avg. weekly earnings -0.8% M/M, -1.8% Y/Y.

Thu, 09/15/2011 - 08:41 | 1672639 overmedicatedun...
overmedicatedundersexed's picture

markets are going down the FED needs the cover..Ben will not commit to any QE today..Obuma will scream pass the GDamn bill please please it is ruining my gold swing I am so wee weed up.

Thu, 09/15/2011 - 08:43 | 1672649 DirtMerchant
DirtMerchant's picture

Hold the Gold

You won't be sorry

Thu, 09/15/2011 - 08:49 | 1672679 SheepDog-One
SheepDog-One's picture

You knew it was over when we had presidential comments about how things are all wee wee'd up.

Thu, 09/15/2011 - 08:41 | 1672642 Gandalf6900
Gandalf6900's picture

this hurts so bad, but we are not worried about economy, the mkt has to go up regardless so BUY bitchez!!!

Thu, 09/15/2011 - 08:41 | 1672643 mvsjcl
mvsjcl's picture

And the Detroitification of America continues!

Thu, 09/15/2011 - 08:44 | 1672655 Iriestx
Iriestx's picture

Obama is the new Kwame Kilpatrick

Thu, 09/15/2011 - 08:50 | 1672681 EscapeKey
EscapeKey's picture

Detroit's decline started way before his time. Didn't they start openly discussing "spreading the wealth" schemes, and attempting to implement them in the 60'es and 70'es?

There's no well-functioning society, which socialism can't destroy.

Thu, 09/15/2011 - 09:59 | 1673087 Rodent Freikorps
Rodent Freikorps's picture

The Model Cities program was another gift of Johnson's War on Poverty.

Thu, 09/15/2011 - 08:44 | 1672657 DirtMerchant
DirtMerchant's picture

I'm in Detroit, we are experiencing deflation here, the crack whores are offering 2 for 1 now, the rest of the country has a long way to go to catch up to us!

Thu, 09/15/2011 - 08:50 | 1672687 EscapeKey
EscapeKey's picture

You sure that's not just increasing supply and lowered demand?

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