July ADP Wash As 14K Expectation Beat Offset By -12K Prior Revision

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Wed, 08/03/2011 - 08:31 | 1520026 Iriestx
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14k beat, ignored revision, sprinkle in some suggestions of QE3 possibility in the headlines and the algos will go wild.  Recipe for a green day.

Wed, 08/03/2011 - 08:33 | 1520034 oobrien
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If I were the U.S. government, I'd start to get frightened.

I'm no Harvard lawyer.

If an idiot like me can begin to figure out their game, the filthy unwashed masses can't be that far behind.

What we have is state capitalism.  We're a bunch of fascists like the fucking Chinese.

But what do I know?


Wed, 08/03/2011 - 08:35 | 1520037 Cognitive Dissonance
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Net effect of ADP report on the markets. Are we having fun yet?

Chase Tail

Wed, 08/03/2011 - 08:35 | 1520044 Oh regional Indian
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:-) Awesome CD.

Wed, 08/03/2011 - 08:35 | 1520041 Oh regional Indian
Oh regional Indian's picture

NUMBers. I love trashing NUMBers.

NFP. F? Which F? Heard of Agenda 21? Anyone? Go ahead, gogle it. Agenda 21.

F! hah! So, FP is a joke. What to speak of NFP eh?

Only way pay-rolls will go back up is a change so severe the entire system goes belly up. Other-wise, just more of the same ne? Supply side, service side jobs.

Only real in-ovation will change anything.



Wed, 08/03/2011 - 08:36 | 1520047 SheepDog-One
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Stinkflation. Thats a technical term used by anal-cysts and eCONomists BTW.

Wed, 08/03/2011 - 08:40 | 1520057 Doode
Doode's picture

From that chart overlay NFP should be negative - at least 50-80K. Unemployment rate should spike up to 9.5% or so. Should be fun... It seems that BLS numbers always overshoot in the direction of momentum set by the previous 2 months by ADP.

Wed, 08/03/2011 - 08:49 | 1520076 mayhem_korner
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It's all bullish (for CDS, that is)

Wed, 08/03/2011 - 08:49 | 1520077 lizzy36
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Yeah ADP!!!!


It was fun saying that again.

Wed, 08/03/2011 - 08:58 | 1520092 Cognitive Dissonance
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In an age when 50 milliseconds is eternity, thinking back a couple months is like visiting the pyramids when they were being constructed.

Time compression bitches.

Wed, 08/03/2011 - 08:50 | 1520078 Barry McBear
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But the ADP report is "developed and maintained" by Macroeconomic Advisers, aka Larry Meyer, how can it not be competent?

I think they've changed the way they calculate ADP 3 times since it's inception 5 years ago. Only gets worse.

Wed, 08/03/2011 - 08:56 | 1520085 MoneyWise
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Next QE Fed should be involved in housing I think, which is still main source of the problem. All those construction jobs lost + household net worth declining. Bump those prices up and you got consumer spending boost. That be interesting to see how and where they going to be involved this time.

Wed, 08/03/2011 - 08:57 | 1520090 jmcadg
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Sets a nice rise in the market only for the big NFP hit friday -25k

Wed, 08/03/2011 - 08:59 | 1520094 Josh Randall
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Aside from the ruse that the Fed and others are acting to stimulate the economy; QE3 will commence if nothing else because the US is still at currency war with China. So unless China makes nice and pretends Iran, Pakistan, and others we say are their enemy; the Fed will continue to try and overheat their economy on purpose

Wed, 08/03/2011 - 09:17 | 1520137 r101958
r101958's picture

If you look at the original ADP/NFP numbers for June at 157k and 18k then the current 114k for ADP might give a hint at the NFP number (negative or maybe 14k)?

Wed, 08/03/2011 - 09:43 | 1520209 karzai_luver
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The FED should initiate direct swaps with hair/tat/nail salons.


trend is  friend , bro.

snap to it jamieD.

straight cash , homey!!!!!!!!!!!!!

Wed, 08/03/2011 - 10:47 | 1520553 glenlloyd
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This Friday NFP is critical....everything to date has been pretty dour. If the NFP is bad more downward momentum, but if they fudge it enough (BD additions) they might maintain.

It will be interesting to see what kind of a rabbit they pull out of their hat. Friday will be fun.

Wed, 09/14/2011 - 04:41 | 1667345 chinawholesaler
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