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Initial Claims Propaganda 101

Tyler Durden's picture


And just as we predicted moments ago, here comes the "mainstream" media.

As a reminder, we said seconds ago:

Instead of printing at the expected 370K, an improvement from last week's already big miss of 380K, this week came at a whopping 386K, the worst standalone print in 4 months. Well, until last week's revision that is: instead of the 380K print that stunned everyone, last week's number has now been revised to a massive 388K. Why? So that mainstream media can declare, with a straight face, that this week saw the number of initial claims decline!

Another way of visualizing:

Sad how predictable the government's lies and propaganda machine has become. Expect this week's number to be revised in the 390K+ range, just so the unrevised next week's print of upper 380K can again be a, you guessed it, decline.

For those not on the propaganda hopium dole, this is how YTD revisions look like, courtesy of John Lohman - over 90,000 additional layoff mysteriously not accounted for by the market's algos which never care about revised data.


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Thu, 04/19/2012 - 08:51 | 2357786 bmusic
bmusic's picture

You have to give the robots something positive to chew on!


Thu, 04/19/2012 - 08:59 | 2357802 GetZeeGold
GetZeeGold's picture



Where's Waldo?


Thu, 04/19/2012 - 09:01 | 2357841 SilverTree
SilverTree's picture

Revised Upward %                                           100%

Thu, 04/19/2012 - 09:20 | 2357895 silver500
silver500's picture

Revised up every single week since February 2011.

Although to be fair, there is a clear downward trend:

Thu, 04/19/2012 - 09:41 | 2358018 tradebot
tradebot's picture

They must will it downward

Thu, 04/19/2012 - 10:09 | 2358106 Pool Shark
Pool Shark's picture



Of course, at some point there are no more workers left to lose their jobs...


Thu, 04/19/2012 - 14:09 | 2358983 Hard1
Hard1's picture

Tyler, you are a genious!!!

Thu, 04/19/2012 - 17:12 | 2359591 TeresaE
TeresaE's picture

Or file first time claims.

Those people coming off their 52/99 (most states are now back to only 1 year of benefits, they kicked a bunch of long timers off in early March) weeks won't qualify to file again for thousands and thousands of dollars worth of wages.

At least 9-12 months, maybe more if they score a real crappy job.

The middle is being shoved/stomped into poverty.

Ain't crony-capitalism/oppressive government fun?

Thu, 04/19/2012 - 10:09 | 2358108 HoofHearted
HoofHearted's picture

The downward trend is around the bowl and down the hole. It's the 99ers that are making things look better. Check out the LFP rate. Just asinine. This is all going to come crashing down, though the Ponzi masters have kept this charade going much longer than I would have thought possible. Hat tip to them.

And...Benjamin Disraeli was right....lies, damned lies, and US government statistics.

Thu, 04/19/2012 - 10:11 | 2358118 Hohum
Hohum's picture

But a not so good data point is that YOY claims only down 14K.  Let's watch and see if YOY is soon higher.

Thu, 04/19/2012 - 09:44 | 2358007 TruthInSunshine
TruthInSunshine's picture

There's a 100% chance that estimates will be artificially low, increasing the odds of a 'beat', and that even when the artificially lowered estimates get 'missed', it will be explained away by one-off factors (e.g. weather, gravity, theory of relativity, water-being-more-wet factor, not strong enough 'seasonally' manipulated adjustments, etc), and that when artificially lowered estimates get missed, they'll be revised further to show an even greater miss than initially reported.

And when the labor participation rate of 18-56 year olds is 50%, and the full time employed are working 28 to 32 hours a week at an average wage 40% lower than in their prior jobs, The Bernank and [insert POTUS Puppet of either 'different' Political Party here] will announce a much improved employment rate.

That's how the Ponzi rolls, bitchez.

Thu, 04/19/2012 - 10:18 | 2358142 pods
pods's picture

In their defense, the water does seem to be wetter than usual?
Fucking El Nino!


Thu, 04/19/2012 - 10:54 | 2358270 squib
squib's picture

'Where's Waldo?'

You can find Romney in Ohio today.

Thu, 04/19/2012 - 14:01 | 2358889 akak
akak's picture

And where is our new Leo Kovilakis clone, the pollyannish Fed and BL(B)S shill Robert Bruscetta, to harangue us once again about how "the government data are not cooked", the real unemployment rate is 8%, and that all is well in the economy and financial sector?

Thu, 04/19/2012 - 09:29 | 2357962 scatterbrains
scatterbrains's picture

but if the MSM is pumping this as good news still then it's because our master's don't plan to print just yet. It's when they start getting seriously negative on CNBC/WSJ that you should prepare for the print fest.

Thu, 04/19/2012 - 10:35 | 2358204 rwe2late
rwe2late's picture

The weekly preliminary initial claims report is ALWAYS revised upward

because it is based on PRELIMINARY reports from the local offices, and they cannot avoid having some pending  unreported claims being processed.

As long as the final number reported remains about level, or even rising slightly,

the preliminary can be compared to the prior week's final, and advertised as "falling" each week.


week 1 -  prelim 347k , later revised to 355k

week 2 - prelim 349k ( a "drop" of 6k!) later revised to 357k

week 3 - prelim 351k (another "drop" of 6k!) later revised to 359k

and so on ...

Thu, 04/19/2012 - 08:50 | 2357787 LongSoupLine
LongSoupLine's picture

Fuck those crooked assholes.

Thu, 04/19/2012 - 09:10 | 2357865 jus_lite_reading
jus_lite_reading's picture

Patience grasshopper... you'll get your chance!! 

Right now we must see as this system cannibalizes itself... notice how John Corzine walks away SCOTT FREE and nobody says diddly shit about it? 


Thu, 04/19/2012 - 09:31 | 2357973 Dr. Richard Head
Dr. Richard Head's picture

When will the infighting and under the bus throwing begin?  These sociopaths care nothing for anyone but themselves and rats trapped in a corner do tend to fight and bite to get their way out.  Plus, they don't care to whom they cause harm, so it would make sense for them to protect there positions. 

There is only so much currency out there to meet the oblications of these fraudulent debts.  Someone has to hold the bag of stinking shit and the retail side has no currency to play with. 

Thu, 04/19/2012 - 14:09 | 2358981 fockewulf190
fockewulf190's picture

The Game is over? Ha! The Game is being played 24/'s just you and I and 99.999% of the population are not allowed to play.

Thu, 04/19/2012 - 08:51 | 2357789 ihedgemyhedges
ihedgemyhedges's picture

Their editor's initials must be: JG

Thu, 04/19/2012 - 08:51 | 2357795 EscapeKey
EscapeKey's picture

BUY STOCKS! THIS IS A ONCE IN A LIFETIME OPPORTUNITY (to get your balls chopped off).

Thu, 04/19/2012 - 09:12 | 2357878 jus_lite_reading
jus_lite_reading's picture

--> "There is NO better time to buy a home than right now..." - NAR 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012

--> "You better buy stocks NOW before they get expensive" - Insert any snake oil wall street fraud firm/bank just before they get ready to sell on margin pressure

Margin calls be a comin'


Thu, 04/19/2012 - 08:51 | 2357796 BLOTTO
BLOTTO's picture

'Illuminati controlled' - Main Stream Media...

Thu, 04/19/2012 - 08:59 | 2357826 cossack55
cossack55's picture

I would not defame a dead carp by wrapping it in a WSJ.

Thu, 04/19/2012 - 09:07 | 2357853 hedgeless_horseman
hedgeless_horseman's picture



No suprise when one considers who the big advertisers are in the WSJ.


Thu, 04/19/2012 - 08:52 | 2357799 TwoJacks
TwoJacks's picture


Thu, 04/19/2012 - 09:06 | 2357827 jus_lite_reading
jus_lite_reading's picture

Why is this stunning? We have known about this shit all along and should expect to see much more as the ponzi unwinds... I don't have a crystal ball but I can see the future by examining the former USSR and their final days... eerily similar!!!

TPTB know their time is limited

Thu, 04/19/2012 - 09:18 | 2357903 DeadFred
DeadFred's picture

I still don't quite get it. Yes you can fool the algos this way, but why not just program it to buy buy buy anyway? It's much cheaper than paying an editor to print drivel. Yes Joe Sixpack will see the headline and feel better but other than psyops to get Obama re-elected what's the point? Are there any carbon based traders still out there who are fooled by this? There's a big cost for being seen as total bag of lies, are the benefits to .GOV and WSJ worth the cost? Clearly they do or else it wouldn't be happening but I'm missing something that they are seeing.

Thu, 04/19/2012 - 09:28 | 2357961 jus_lite_reading
jus_lite_reading's picture

>>"It's much cheaper than paying an editor to print drivel."<<

They don't get "paid" but their interest is in the indirect form... remember, the whole Wall Street game is predicated on a simple "clause" that "tomorrow everything will get better." They can be bearish for a short time to gain credibility but ultimtely they (as in the whole setup) must be bullish for the retail sucker or whomever to believe that they actually have a chance to make some "gains"...

80/20 is the ratio they must maintain... 

Thu, 04/19/2012 - 10:13 | 2358119 LowProfile
LowProfile's picture


I don't have a crystal ball but I can see the future by examining the former USSR and their final days... eerily similar!!!

Do you recall offhand how long did it dragged on after said propaganda started?

Thu, 04/19/2012 - 10:47 | 2358262 jus_lite_reading
jus_lite_reading's picture

The first blow occurred in 89 but the whole then went under in 91... that said, past results do not guarantee furture returns so my best guess less than 24 months...

Thu, 04/19/2012 - 09:51 | 2358053 dbomb12
dbomb12's picture

Better stock up on toilet paper

Thu, 04/19/2012 - 10:14 | 2358122 LowProfile
LowProfile's picture


Better stock up.

Fixed it.

Thu, 04/19/2012 - 08:54 | 2357800 Boilermaker
Boilermaker's picture

Well, guess works.

It hard to sell subscriptions to an investment newspaper / site when the best advice is to not be an investor.  Same with CNBC, Bloomberg, and Fox Business, Barons.

Only the blogs are legit at this point.

The 'breaking news' sent to my phone was that the revisions were "dissapointing".  Wow, that's pretty harsh.

Thu, 04/19/2012 - 09:07 | 2357861 BLOTTO
BLOTTO's picture

'Only the blogs are legit at this point.' - Good point and well said Boiler

Real journalism is dead...its all controlled with an agenda.

I'M not sure if even 'real journalism' ever existed in the MSM. My guess is no.

Thu, 04/19/2012 - 09:14 | 2357890 Bwahaha WAGFDSMB
Bwahaha WAGFDSMB's picture

ZH seems to draw a pretty good crowd by printing truth.

Thu, 04/19/2012 - 09:22 | 2357929 mtomato2
mtomato2's picture

I mean this in the most literal sense possible:

God Bless Zero Hedge.

For me, it's been two-and-one-half- YEARS of deprogramming/reprogramming.

Zero Hedge.  There is no other.  Long live the Tylers.



Thu, 04/19/2012 - 09:35 | 2357998 Dr. Richard Head
Dr. Richard Head's picture

I have said it before and will say it again - if it was not for this site I would still be shoveling my extra labor earned into these piece of shit paper investments. I have learned so much from ZH and the information here is the crystal ball. 

Perhaps that donate button is something I have neglected for far too long -

Purchase the piece of mind that comes with supporting the world's premier source of cutting edge market data and receive nothing in the way of actual products!  (Actually, your donations go first to cover the cost of our infrastructure.  Any overflow after that seems so far away that we haven't decided what to do with it yet.)

Thu, 04/19/2012 - 09:57 | 2358066 mtomato2
mtomato2's picture

Love your bio.  Keep it up. 

Thu, 04/19/2012 - 08:52 | 2357801 NeedleDickTheBu...
NeedleDickTheBugFucker's picture

People believe what they want to believe.

Thu, 04/19/2012 - 08:54 | 2357811 Boilermaker
Boilermaker's picture

Affirmation confirmation...over and over.  If you want to hear good things, you'll seek someone to tell you just that.

Thu, 04/19/2012 - 12:29 | 2358637 Temporalist
Temporalist's picture

Just to point out the obvious, the same would apply for people visiting ZeroHedge to reaffirm their own "beliefs."


Thu, 04/19/2012 - 08:57 | 2357824 LawsofPhysics
LawsofPhysics's picture

You are correct sir.  So much so that people will in fact believe that they are going to a "better place" even when they are being loaded onto rail cars.  Now where have we seen this all before?

Thu, 04/19/2012 - 09:10 | 2357869 CrimsonAvenger
CrimsonAvenger's picture

What a fool believes he sees
No wise man has the power
to reason away

-Doobie Brothers

Thu, 04/19/2012 - 09:16 | 2357896 knightowl77
knightowl77's picture

+1 That song was never ever more apt than it is for most people today

Thu, 04/19/2012 - 09:27 | 2357960 WonderDawg
WonderDawg's picture

That song brings back memories of a fawn-eyed brunette from my high school days. Ah, those sweet memories of fresh poontang.

Thu, 04/19/2012 - 09:25 | 2357938 mtomato2
mtomato2's picture

BIG thumbs up for the reference.  Excellent recall.  Thanks.

Making a bumper sticker ('cause I CAN) of that right now.

Thu, 04/19/2012 - 10:31 | 2358182 nowhereman
nowhereman's picture

And disregard the rest,

Simon and Garfunkel

Thu, 04/19/2012 - 08:54 | 2357805 obelisks
obelisks's picture

it is all the fault of GWB Bush and the Japanese Tsunami

Thu, 04/19/2012 - 08:54 | 2357806 Justin Credible
Justin Credible's picture

funny - the 'marketwatch' front page is not showing the ibex charts this morning?   hmmm

Thu, 04/19/2012 - 08:55 | 2357808 Pure Evil
Pure Evil's picture

Double Plus Good - Ingsoc

Thu, 04/19/2012 - 09:20 | 2357921 pods
pods's picture

At this rate, jobless claims will fall all the way up to 400k in no time!


Thu, 04/19/2012 - 09:29 | 2357966 WonderDawg
WonderDawg's picture

Very nice! Thanks for the laugh, pods.

Thu, 04/19/2012 - 08:55 | 2357809 Tsar Pointless
Tsar Pointless's picture

On an unadjusted basis, initial claims DID fall, down to 367,550.

But look who led the pack in increased initial claims for last week. The Keystone State! My home state, Pennsylvania! We're No. 1! We're No. 1!





State Supplied Comment




Layoffs in the transportation, entertainment, lodging, food service, professional, scientific and technology services, and construction industries.

Thu, 04/19/2012 - 09:05 | 2357847 azzhatter
azzhatter's picture have the shale

Thu, 04/19/2012 - 09:22 | 2357928 Bob
Bob's picture

Tree huggers killing jobs again, apparently.

Thu, 04/19/2012 - 08:59 | 2357812 firstdivision
firstdivision's picture

Comparing apples to oranges is always a good thing.  I've already had to explain to 5 people today that the number actually rose 6k, then they tell me I'm dumb cause the headline says it fell. 

Thu, 04/19/2012 - 09:00 | 2357830 NotApplicable
NotApplicable's picture

Did any of them believe you?

Thu, 04/19/2012 - 09:02 | 2357843 firstdivision
firstdivision's picture

Nope!  All thanks to headlines trumps logic and factual data every time.

Thu, 04/19/2012 - 09:19 | 2357919 SheepDog-One
SheepDog-One's picture

Yep, and so now someone with money has to actually buy it. Thats the part I dont get. Sure you can lie, but now you have to sell it and find someone to buy it or its pointless. 

Something tells me this level of all-out desperation is leading to something real shitty indeed.

Thu, 04/19/2012 - 14:33 | 2359068 akak
akak's picture

Rejoice comrades!  The glorious victories of the armies of Oceania over the diabolical forces of Eurasia in Africa have allowed the Party to increase the weekly chocolate ration from 25 grams to 20 grams.

Thu, 04/19/2012 - 08:58 | 2357813 Stuart
Stuart's picture

But..... this is standard operating procedure for the muppet media.  If everyone just stopped subscribing to publications that do this'll hit them where it hurts.

Thu, 04/19/2012 - 08:57 | 2357814 NotApplicable
NotApplicable's picture

Of course, CNBS just put out the same headline in one of their alerts.


Thu, 04/19/2012 - 08:57 | 2357815 Jason T
Jason T's picture

lets not forget, averge salary of new job created is 40% less than average salary of job lost in the 2008/2009 recession... in NYS at least.


Thu, 04/19/2012 - 09:00 | 2357838 SheepDog-One
SheepDog-One's picture

Yea isnt it funny how a 'job' now is just a one size fits all thing, no discussion of pay or benefits or conditions at all its just a generic 'jobby job-1 each'....good enough for govt goings on and whatnot.

Thu, 04/19/2012 - 10:28 | 2358175 nowhereman
nowhereman's picture

That's because we're all just plug and play periferals now.

Thu, 04/19/2012 - 10:22 | 2358151 Shizzmoney
Shizzmoney's picture

+infinity on both this and Richard Head's bio. 

Existing home sales down 2.6% today.  Maybe its because all of the jobs created for the generation of home owners 18-35 isn't even enough to cover their debts/standard of living, never mind investing in a home.

Watch this, and you'll see what I mean:

I've come to the conclusion minus a WSOP bracelet win, or me stumbling onto some idea I can sell the shit out of....I'll never be able to afford a home.  And *I'm* OK with that.  I'm OK with not being a part of the serfdom machine.  And when I finally pull myself out of debt at the end of this year, I'm going to probably run 10 minutes up and down the streets of Boston finally glad that *I* no longer someone's money cow (minus taxes).

Thu, 04/19/2012 - 08:57 | 2357816 LawsofPhysics
LawsofPhysics's picture

Creative indeed, what else should we expect from the best and the brightest?  Still, the numbers are trending up, not down.  This is fine I guess, so long as no one wants to talk about it.

Thu, 04/19/2012 - 08:56 | 2357820 CoolBeans
CoolBeans's picture


Thu, 04/19/2012 - 08:57 | 2357821 SheepDog-One
SheepDog-One's picture

How the hell can propaganda alone be sufficient to drive an economy? I understand propaganda can fool people, for a little while anyway, but its like saying Citty Citty Bang Bang is actually real, and everyones onboard it floating upwards! This is just fukin stupid at this point.

Thu, 04/19/2012 - 09:01 | 2357837 RunningMan
RunningMan's picture

Clearly it isn't working right? Economy is at a standstill or worse. I spoke to guy who drives cars (takes business people to airports, etc.) and said this year was worse than at the peak of the crisis in 2008. I asked if it was just behavior change or seasonal and he said, no it is "dead". Right now, in April, businesses should be in full swing doing projects etc. But instead, it looks like the worst is upon us AGAIN. The propaganda is worse because people can't prepare.

Thu, 04/19/2012 - 09:04 | 2357846 SheepDog-One
SheepDog-One's picture

Yea where we are right now seems like someone fired a cannon ball stright up, and we're right at the point where it stops, hangs for a second, but it has to come careening back down now. No way around laws of phsyics. The shit HAS to fall I dont care how dumb people are or how good the propaganda is across the now-entirely sold out media.

Thu, 04/19/2012 - 09:25 | 2357949 RunningMan
RunningMan's picture

Unless they shoot a second cannon ball at the first, to keep it in place!

Thu, 04/19/2012 - 09:31 | 2357976 mtomato2
mtomato2's picture

Nice.  Now we have two three four five... cannonballs to shield with an umbrella.

Thu, 04/19/2012 - 09:43 | 2358026 RunningMan
RunningMan's picture

Who gave you money to buy an umbrella? I think we need a shovel instead.

Thu, 04/19/2012 - 09:47 | 2358041 mtomato2
mtomato2's picture

Yep.  Invest in CAVES, bitchez...

Would if I could.

Thu, 04/19/2012 - 08:58 | 2357823 Everybodys All ...
Everybodys All American's picture

It's no different than most of the earnings reports. Lower the guidance just before the quarter and then beat to the upside a few weeks later. Repeat the scam a quarter later.

Thu, 04/19/2012 - 08:58 | 2357833 LawsofPhysics
LawsofPhysics's picture

all the while trending lower.  Yep.  It works until it doesn't.

Thu, 04/19/2012 - 08:57 | 2357825 catacl1sm
catacl1sm's picture

Quick, somebody break a window! We need more jobs!

Thu, 04/19/2012 - 14:36 | 2359081 akak
akak's picture

Dammit, when are those aliens finally going to attack?

Extraterrestrial Change we can Believe in!

Thu, 04/19/2012 - 08:59 | 2357829 Boilermaker
Boilermaker's picture




1. Propagandist must have access to intelligence concerning events and public opinion.

2. Propaganda must be planned and executed by only one authority.

a. It must issue all the propaganda directives.

b. It must explain propaganda directives to important officials and maintain their morale.

c. It must oversee other agencies' activities which have propaganda consequences

3. The propaganda consequences of an action must be considered in planning that action.
4. Propaganda must affect the enemy's policy and action.

a. By suppressing propagandistically desirable material which can provide the enemy with useful intelligence

b. By openly disseminating propaganda whose content or tone causes the enemy to draw the desired conclusions

c. By goading the enemy into revealing vital information about himself

d. By making no reference to a desired enemy activity when any reference would discredit that activity

5. Declassified, operational information must be available to implement a propaganda campaign
6. To be perceived, propaganda must evoke the interest of an audience and must be transmitted through an attention-getting communications medium.
7. Credibility alone must determine whether propaganda output should be true or false.
8. The purpose, content and effectiveness of enemy propaganda; the strength and effects of an expose; and the nature of current propaganda campaigns determine whether enemy propaganda should be ignored or refuted.
9. Credibility, intelligence, and the possible effects of communicating determine whether propaganda materials should be censored.
10. Material from enemy propaganda may be utilized in operations when it helps diminish that enemy's prestige or lends support to the propagandist's own objective.
11. Black rather than white propaganda may be employed when the latter is less credible or produces undesirable effects.
12. Propaganda may be facilitated by leaders with prestige.
13. Propaganda must be carefully timed.

a. The communication must reach the audience ahead of competing propaganda.

b. A propaganda campaign must begin at the optimum moment

c. A propaganda theme must be repeated, but not beyond some point of diminishing effectiveness

14. Propaganda must label events and people with distinctive phrases or slogans.

a. They must evoke desired responses which the audience previously possesses

b. They must be capable of being easily learned

c. They must be utilized again and again, but only in appropriate situations

d. They must be boomerang-proof

15. Propaganda to the home front must prevent the raising of false hopes which can be blasted by future events.
16. Propaganda to the home front must create an optimum anxiety level.

a. Propaganda must reinforce anxiety concerning the consequences of defeat

b. Propaganda must diminish anxiety (other than concerning the consequences of defeat) which is too high and which cannot be reduced by people themselves

17. Propaganda to the home front must diminish the impact of frustration.

a. Inevitable frustrations must be anticipated

b. Inevitable frustrations must be placed in perspective

18. Propaganda must facilitate the displacement of aggression by specifying the targets for hatred.

19. Propaganda cannot immediately affect strong counter-tendencies; instead it must offer some form of action or diversion, or both.

Thu, 04/19/2012 - 09:20 | 2357881 hedgeless_horseman
hedgeless_horseman's picture



My history is a little fuzzy.  Wasn't he in the Parisian cinema with Hitler when Tyler Durden's crew were going to blow it up, but the Jewish chick burned it down?

Thu, 04/19/2012 - 09:16 | 2357893 jus_lite_reading
jus_lite_reading's picture

It looks like the gumint has been applying Goebbel's laws since the 1960s and its only getting worse!

Thu, 04/19/2012 - 08:59 | 2357835 Robslob
Robslob's picture

The great American experiment sheepdog...give people confidence and watch them spend themselves into oblivion!

Thu, 04/19/2012 - 09:07 | 2357859 SheepDog-One
SheepDog-One's picture

I guess, but whats even the point to that? The goal is for people to rack up their credit cards, and then...we're back to 2008 only far worse? So what then!

Thu, 04/19/2012 - 09:00 | 2357836 Kina
Kina's picture

WSJ has turned into a trash paper. Isn't worth the 5 seconds it takes to read.

Nobody reads it except zombies and those looking for a laugh.

Today's propaganda from them is typical of all the govt/banker MSM media.

Don't know why they bother. Everybody that matters knows the truth.

Now they are lying and misinforming for no reason except habit.

You can lie about reality as much as you like, but it is indomitable and will swallow you in due course.



Thu, 04/19/2012 - 09:01 | 2357839 ekm
ekm's picture

Since the population does not read WSJ, that media outlet is for Wall Street the same as romance for a teenage girl: "Please lie to me romantically".

Thu, 04/19/2012 - 09:02 | 2357840 schatzi
schatzi's picture

un-fuckling-believable. The brazenness!

Thu, 04/19/2012 - 09:06 | 2357855 SheepDog-One
SheepDog-One's picture

I understand the avg idiot public MIGHT be fooled....but arent any big fund guys seeing it and dumping? I cant believe the propaganda campaign is fooling them, and theres no money coming in so whats the point? Propaganda only works so well for so long!

Thu, 04/19/2012 - 09:07 | 2357856 azzhatter
azzhatter's picture

But the real problem is the great uninformed masses who eat their shit everyday. The propagandists only deliver the message, it's the sheeple who swallow it

Thu, 04/19/2012 - 09:08 | 2357864 SheepDog-One
SheepDog-One's picture

I dont get what the point of it is. What the fuck is the end game here? Its like saying moving a pawn back and forth in 2 squares as the only move in a chess game is a winning strategy, it isnt!

Thu, 04/19/2012 - 10:08 | 2358104 newworldorder
newworldorder's picture

RE: azzhatter;

Many of us read ZH as well as other blogs and "Get It." This does not make us special, but at least alternatively informed. The majority if not a great many of our fellow citizens (70%+??) get their information from the MSM or get no information at all - or are not interested in any financial information?

They work, they go out and have fun, may have interest in politics at the 2 party level and above all BELIEVE in the propaganda. After all, to NOT believe is a NEGATIVE event. Life in general is better for those with a POSITIVE attitude.

Most of their investments are tied up in mutual funds, which have gone up during the last 3 years. Whats not to like. Information we read and contribute to every day on ZH is just noise to them. They have no interest in it. This is why the propaganda ministry is winning and will continue to win.

Try a little experiment at your work place with your peers. Try talking about any of this with them vs. other popular topics like music, food, sports, entertainment, men/women, etc. Tell us how this is received and what you find out.

Thu, 04/19/2012 - 10:40 | 2358233 Shizzmoney
Shizzmoney's picture

This does not make us special, but at least mathematically informed.


Totally 100% with you on this, however.  Alex Jones was alluding to this on his "Tax Day" show the other day, how if you confront people on their flawed information, they'll just snap right back at you.  You should of seen the face of the guy (who was trying to convince me that the government made money off the bailouts) when I mathematically explained to him how bad it is to give out $1+ trillion dollars, no strings attached, at less than 1% interest.....only to have that same party lend it to us back, at what will evenually be, higher interest.

I mean, people are just so caught up in their lives; the majority of us don't read anymore, and the news we get is really so much bullshit.  It takes a training mind in the propaganda art (I stupid media in college) to really wade through the bullshit, understand the (monetary) motives behind it, and see the bigger picture. 

That's why Twitter is so important (how I found htis site).  People can become their own journalists, their own news feeds, and disseminate for themselves what media to consume, and their peers.  That's why streaming television and twitter and reddt news feeds scare the LIVING SHIT out of TPTB. 

For 200+ years, they've had control over content in the media.  Not anymore...unless fo course, they pass CISPA/SOPA type bills.

Thu, 04/19/2012 - 09:08 | 2357858 DavidC
DavidC's picture

I could be wrong but I think the banks will do all they can to keep the Dow over 13,000 and the NASDAQ over 2700 (S&P I'm less sure of) until the options expiries are out of the way.

I've had a position on the NASDAQ over the last couple of days (just out at break even) and any time it's got to 2700 it's gone straight up again (closed just below last night and then went straight up after the close).


Thu, 04/19/2012 - 09:13 | 2357877 SheepDog-One
SheepDog-One's picture

Right, options exp again...but then what? Well all I can say is Im glad I dont have any money in this casino.

Thu, 04/19/2012 - 09:10 | 2357863 jplotinus
jplotinus's picture

Bitchez, when will it be realized the problem here is capitalism. Jobs should be guaranteed and capitalism discarded--before it destroys us.

Thu, 04/19/2012 - 09:16 | 2357888 Problem Is
Problem Is's picture

Our system isn't capitalism...

It is Crony Financialized Corporatism...

Where the criminal looting incompetent elite only fail upwards and steal all surplus wealth from the populous...

e.g. See:

  1. The Bernank and ZIRP...
  2. ZH's numerous posts on HFT...
  3. MF Global-JPM... Jamie and The Corz...
Thu, 04/19/2012 - 12:59 | 2358729 jplotinus
jplotinus's picture

"Our system isn't capitalism...
It is Crony Financialized Corporatism..."

BLS isn't the only purveyor of delusion. Capitalism by any other name is still the same exploitative system.

Grasp this and enlightenment becomes more rather than less likely.


Thu, 04/19/2012 - 17:01 | 2359565 TeresaE
TeresaE's picture

Quick, name another "system" with a better outcome than closer-to-real capitalism?

I'm waiting....

Keep asking those that benefit from the status quo and total control, to "fix" and control thinking for the masses.  That always turns out well.  Just because it never worked, didn't work, won't work, can't work, and will destroy millions of innoncents, I guess is no reason to not believe in central planning and what is best for us.

Capitalism (true capitalism) is the least exploitive of most "isms,"  your blatant, irrational, Utopian bias is a sight to behold.

Do-gooders and fair-seekers have destroyed the once most vibrant middle class, in the name of saving them.

Not capitalism, dream on dude.

Thu, 04/19/2012 - 09:33 | 2357989 mtomato2
mtomato2's picture

Dipshit.  You either forgot the /sarc/ button or you are as stupid as a sack of hammers.  Or evil.

You have never even seen capitalism.  Nobody alive has.

Thu, 04/19/2012 - 09:11 | 2357867 ejmoosa
Thu, 04/19/2012 - 09:47 | 2358031 mtomato2
mtomato2's picture

Good analysis.. (K.I.S.S....) but the author seems to think this administration and its PTB are above creating all-out cataclysm in order to maintain control until they're "done."

When you indicate that this bunch might panic, I see war and martial law. 

And no November elections.


I have decided, for myself, that there are three possible outcomes this November, each indicating a different overall reality.

1.) Obama is re-elected, despite ridiculous odds and logic; e.g., the PTB are more powerful than I ever thought.

2.) There is no election because it is evident that Obama can't possibly be re-elected; e.g., the PTB are working just as I expect them to.

3.) There is an election, and Obama loses; e.g., the PTB are not nearly the force I currently think they are.


My bet is on number two.



Thu, 04/19/2012 - 10:17 | 2358128 Baleful Runes 4 U
Baleful Runes 4 U's picture

tomato, it should read-

3) Romney is "elected",  so, no change...

romney on NDAA    1:05 - 1:20



Thu, 04/19/2012 - 09:11 | 2357872 Cursive
Cursive's picture

Paging Robert Brusca...Mr. Brusca, you are needed in the Marinner-Eccles executive washroom to defend these econometric practices of the BLS and tell how pathetic Charles Biderman is.

Thu, 04/19/2012 - 09:12 | 2357875 Problem Is
Problem Is's picture

Administration of Useful Idiots

Obama Bin Lyin' again...

Thu, 04/19/2012 - 09:13 | 2357879 bankonthebust
bankonthebust's picture

"You can fool some people sometimes, but you can't fool all the people all the time"

Our day is coming. I suspect sooner rather than later.

Thu, 04/19/2012 - 09:14 | 2357894 SheepDog-One
SheepDog-One's picture

I hear that! Its my point Im trying to make above...who are they fooling now, the brokest and most uninformed in the public? OK fellas well good luck with that plan! Youve fooled the fuktards again, hey good for you!

Thu, 04/19/2012 - 09:14 | 2357885 sensibleperson
sensibleperson's picture

Here in Connecticut, more and more are working off the books, and as someone who loves to tag sale, this year I am noticing more listings on Craigs List of higher priced equipment and expensive workshop items that men use in their homes, or small contractors would use, plus more "moving sales", rather than the usual small, inexpensive items that ladies usually buy.  Perhaps more people are desperate to make a mortgage or property tax payment and are selling the last big ticket items they own.  I live in a very small, historic upscale town, with NO subdivisions and LOW property taxes, and in the last two years have counted a dozen backyard/over garage rentals that are NOT being rented.  Owners have still not adjusted to the fact that they need to drastically reduce their rents.  The unemployment numbers are cooked and do NOT tell the whole story.  We have empty store fronts and that has not happened previously.  The small businesses are going out of business.  I check every day and it is the "death of a thousand cuts" in America.  Were it not for the internet, none of us would know the TRUTH.

Thu, 04/19/2012 - 10:14 | 2358121 nowhereman
nowhereman's picture

Indeed, I myself was wondering just who pays attention to the Lame Stream media?

I believe that it's a group of people who desperately need to believe that things are at least OK.

The unemployed know the situation, the well informed ZH reader knows the situation, so that leaves that group of people that desperately need to be lied to so they can sleep at night.

You can recognise them, they watch Faux News and CNBS, and buy gossip magazines at the check out.

The problem is, is that there are enough of them that vote in election primaries to make it almost look legit.  The very people that will be totally shocked when reality smacks them up side the head.

Thu, 04/19/2012 - 09:14 | 2357886 Isherwood
Isherwood's picture

Ok..... I gotta admit it....when I first started reading here I thought a lot of people were a leeeetle paranoid about the government....Apparently, I was a fool.


You can't make this shit up anymore.

Thu, 04/19/2012 - 09:19 | 2357909 eckart
eckart's picture

Neither lies nor truth, just gold

Thu, 04/19/2012 - 09:27 | 2357954 LawsofPhysics
LawsofPhysics's picture

Precisely, the confiscation of wealth has never stopped (can you say ZIRP for them, not for you), the confusion only provides the cover.

Thu, 04/19/2012 - 09:22 | 2357923 irie1029
irie1029's picture

More like BMS M=Malarchy

Thu, 04/19/2012 - 09:21 | 2357926 marcusfenix
marcusfenix's picture

so when next weeks print comes out at 398,000 and this weeks print gets revised upward to 400k we will have yet another drop in claims of 2000.

so while first time claims continue to increase they also are the same time...simultaneously.

I think the PTB's reach has finally exceeded their grasp with this bit of numerical trickery, even the zombies are beginning to look askance at the absurdity of this set up, both the BLS and the MSM are rapidly loosing what little credibility they had left with john q public.

there is data and then there is complete and utter made up bullshit, and many are starting to see the difference.


Thu, 04/19/2012 - 09:23 | 2357927 roadhazard
roadhazard's picture

I don't understand who the media of this country think they are fooling. The only thing going up is credit card debt and the people using those cards are well aware it's the only way they are staying afloat. Jobs are Not coming back to America no matter what they are saying.  

Thu, 04/19/2012 - 09:26 | 2357955 XtraBullish
XtraBullish's picture

More capital outflows coming - the troops are in full retreat while the asshole "generals" are screaming "Charge!". I am now XtraBearish on stocks.


Thu, 04/19/2012 - 09:27 | 2357956 overmedicatedun...
overmedicatedundersexed's picture

this is bullish..MSM tells me so, spain bullish, EU bullish, energy prices bullish, mid east war bullish, there is nothing that can take this fiat tower down nothing..happy trails to you until we meet again.

when will the secret service turn on it's masters? when they take away the hookers and blow? that's my bullish take for today.

Thu, 04/19/2012 - 09:30 | 2357967 youngman
youngman's picture

you know its kind of funny but on earnings they always use the "Beat estimates".......but on the unemployment number they always used the upward revised number.....

Thu, 04/19/2012 - 09:30 | 2357970 orangegeek
orangegeek's picture

The markets lead the economy, not the other way around.  Follow the major market indexes and in about 3 months, that's what the economy be doing.


Take note of chart below.


From January to present, the move UP in the Dow was weak (small moves on very low volume).  This is not a sign of strength.  So what does the economy show?  Weak numbers.  Small number changes.


If this market tanks, you can expect the economy to follow in a few months. 

Thu, 04/19/2012 - 09:32 | 2357981 Snakeeyes
Snakeeyes's picture

Read the Bloomberg story here. Gov't is frantically trying to figure out WHY they can't generate better numbers.

Massive regulations and new taxes didn't dawn on our overlords?

Thu, 04/19/2012 - 09:32 | 2357982 overmedicatedun...
overmedicatedundersexed's picture

what economy the MSM fiction or the real economy we live in?? that one's already leading the averages by a mile like a sled on an icy hill.

Thu, 04/19/2012 - 09:55 | 2358065 Racer
Racer's picture

100% revised upwards... thanks ZH for showing the blatant lies for what they are

Thu, 04/19/2012 - 10:00 | 2358079 mtomato2
mtomato2's picture

FWIW, Drudgie gives the truth a headline...



Thu, 04/19/2012 - 10:12 | 2358113 gigeze787
gigeze787's picture


CNBC: Existing Home Sales Fell 2.6% in March; Philly Fed Index at 8.5 (April) Vs. 12.5 (March); Index of Leading Indicators Rose 0.3% (story developing)

Thu, 04/19/2012 - 10:17 | 2358140 xcehn
xcehn's picture

The real story is reflected in the ongoing barrage of friday 'happy hour' executive orders and the steady stream of new DHS laws leaving Congress. The PTB expect full well economic armaggedon and all its implications imminently.

Thu, 04/19/2012 - 10:19 | 2358144 Plymster
Plymster's picture

In other news, weekly chocolate rations have increased from 25 grams to 22 grams.  All hail Big Brother!

Thu, 04/19/2012 - 10:23 | 2358168 Printfaster
Printfaster's picture

Unemployment figures always improve, just like the Escher stairways always go up:

Thu, 04/19/2012 - 10:24 | 2358170 Curt W
Curt W's picture

You could do that chart for the last 4 years and still have over 95% of the revisions to the upside.

Thu, 04/19/2012 - 10:49 | 2358248 devo
devo's picture

How long before we see a soup kitchen ETF?

Thu, 04/19/2012 - 10:56 | 2358300 scragbaker a ca...
scragbaker a cape cod clamdigger's picture

Let's you and I start one.  Crazier shit that this has been done successfully.

Thu, 04/19/2012 - 14:03 | 2358953 devo
devo's picture

sure. can we call it: 3x bull soup kitchen?

Thu, 04/19/2012 - 14:21 | 2359036 The Alarmist
The Alarmist's picture

Do it large or go home ... call it the 10x Bull Bowl.

Thu, 04/19/2012 - 10:55 | 2358293 scragbaker a ca...
scragbaker a cape cod clamdigger's picture

That anyone in the mass media could print this shit and still have ANY credibility remains a total conundrum to me.  Guess it's this crap or "Dancing With The Stars".  Just yesterday I read two BLOOMBERG articles with these headlines : "Spain's Surging Bad Loans Cast New Doubts On Bank Cleanup"  AND  "Asia Stocks Rise As IMF Outlook, Spain Debt Ease Concerns".  (The IMF stated on Tuesday that there could be a ERUO zone implosion and a resulting global crises rivaling the Great Depression - yet the IMF has an improved outlook ?).  How does this sloppy and contradicting garbage get past the editors whose job is supossed to be weeding out the crap?  There is no continuity among the reporting - it makes me feel like a fucking yo yo !  I read this shit for humor and I do not believe one word of anything printed in the main stream media.  It just proves to me beyond a doubt how lazy and stupid they (main stream media, CNBC bimbo's and especially Jim "fuck'n A" Crammer - I hate that loud mouthed dumb ass)  have become.   

Thu, 04/19/2012 - 11:03 | 2358328 daxtonbrown
daxtonbrown's picture

It isn't just the jobs numbers that get lied about, it'[s pretty much everything. I've been putting together a page of charts to see where the economy is really headed, it scare my pants off.

Thu, 04/19/2012 - 11:22 | 2358397 pleseus
pleseus's picture

Gotta get Obama reelected

Thu, 04/19/2012 - 11:28 | 2358425 JW n FL
JW n FL's picture



Thats the Tyler I Love!


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