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Just As Predicted, Initial Claims Miss Huge, Yet Magically Improve

Tyler Durden's picture





 

Recall what we said less than an hour ago: "what will most likely happen is a print in the mid to upper 380,000s, while last week's number will be revised to a 390K+ print, allowing the media to once again declare that the number was an improvement week over week. In other words, SSDD." SSDD it is: last week's 386K number was revised to 389K, meaning the massive miss relative to expectations of 370K last week just got even worse. This is the 10th week in a row of misses to the weaker side and the 16th of the last 18. And while this week's miss was whopping as usual, with expectations of 375K being soundly missed after the print came at 388K on its way back to 400K, the media can sleep soundly because the absolute lack of BLS propaganda means that the sequential progression is one of, you got it, improvement. In other words here is what the headlines in the Mainstream Media will be: "Initial claims improve over prior week." In fact here it is from Bloomberg: "U.S. Initial Jobless Claims Fell 1,000 to 388,000 Last Week." Absolutely brilliant.No propaganda. No data fudging. No manipulation at all. Just endless laughter at the desperation.

As the lower pane shows, 16 of the last 18 weeks has seen misses to the upside (worse) for claims are at the year's highs...

Our aggregate measure of all claims has now risen gently for the last month...

and the 4-week average of claims is now the highest of the year and has risen the most since May of last year in the last 3 weeks...

In addition, as we warned last week, the 99-wee cliff is starting to affect more and more people, and while 60K total dropped off EUCs and extended claims and are thus permanently off the government dole (in the process reducing the labor force as well and lowering the unemployment rate), this number will hit a combined total by June as the cliff hits nearly 3/4 of a million people.This is about $10 billion in lost purchasing power for the year.

Finally, for C-Grade "disruptive" HuffPo lites out there, here is what propaganda looks like pure and simple: presenting the presidential year claims revisions, courtesy of John Lohman.

So, once again, where is the recovery? In the manipulated data? Or the quality of the hopium spewed forth by the pro-administration media?

Our only question is whether the recently unemployed Colombian hookers made US initial claims last week.

 


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Thu, 04/26/2012 - 08:42 | Link to Comment Corn1945
Corn1945's picture

I'm not even sure how you can argue that this data isn't propaganda. It's so blatantly obvious at this point. 

You'd have to be in a coma to not see the game here. 

Thu, 04/26/2012 - 08:49 | Link to Comment DeadFred
DeadFred's picture

Cue Robert Brusca

Thu, 04/26/2012 - 09:03 | Link to Comment LongSoupLine
LongSoupLine's picture

 

 

 

0900...cue Cramer to go into a distracting, "coke like", saliva spraying rant on how "AAPL is an investment, not trade".

Thu, 04/26/2012 - 09:20 | Link to Comment fuu
fuu's picture

Robert Brusca strangely quiet after the revelation that Rubber Scrota is an anagram of his name.

Thu, 04/26/2012 - 09:52 | Link to Comment HoofHearted
HoofHearted's picture

Comerades, comerades, you protest way too much. Here in the USSA we tell you what the data say. We are your gloriously elected overseers, er, leaders. Trust us with our numbers. Are they different than last week? No, no, no. We've always been at war with Eurasia...we have a nice little camp for you so that you can get re-educated...

Thu, 04/26/2012 - 09:01 | Link to Comment spastic_colon
spastic_colon's picture

dont forget aggregate demand....UPS profit down, Exxon misses etc., higher energy flowing through, demand being destroyed...those temp jobs won't hardly pay for a months fuel use, more profitable to claim unemployment

Thu, 04/26/2012 - 09:05 | Link to Comment Gully Foyle
Gully Foyle's picture

Corn1945

"It's so blatantly obvious at this point."

Thats the kind of actions people should fear, the overt public ones. They prove BIGOV doesn't care anymore, and understands that the GENPOP don't either.

"You'd have to be in a coma to not see the game here."

Only to those INTERESTED.

The GENPOP has minimal interest, at best, regarding what BIGOV does.

The reason is we/they have been trained that their actions have little effect on the machine. That is pointless to piss and moan because in the end it just leads to frustration.

 

 

Thu, 04/26/2012 - 11:58 | Link to Comment NewWorldOrange
NewWorldOrange's picture

"...when the public realizes that it is being deceived, a feedback loop is created in which trust is broken and even the truth, if it can be found, is no longer believed. The United States is dangerously close to that point."

 (/from "Currency Wars", by James Rickards)

Thu, 04/26/2012 - 09:56 | Link to Comment jus_lite_reading
jus_lite_reading's picture

They can attempt to fool the masses a little while longer but the unintended consequences of their lies and filth will be seen very shortly...

Thu, 04/26/2012 - 16:32 | Link to Comment Rip van Wrinkle
Rip van Wrinkle's picture

But not before the Maoist gets anotheer 4 years

Thu, 04/26/2012 - 10:12 | Link to Comment tiwimon
tiwimon's picture

Its only blatantly obvious to those who are aware of the matrix...

 

The other 97% see a single headline like Bloomberg's jobless claims improved headline, never question it  and think everything is sunny even though the storm clouds of reality are dark and angry and oh so obvious if one just LOOKS and uses COMMON SENSE

 

//97%  of the people is likely optimistic, but you know its the only glue that keeps me together when it comes to things like this - hoping there is more than a handful of folks that actually GET IT

Thu, 04/26/2012 - 08:43 | Link to Comment pepperspray
pepperspray's picture

Fox... BREAKING NEWS: Jobless Claims Fall Less Than Expected

Thu, 04/26/2012 - 08:45 | Link to Comment green_dreams
green_dreams's picture

Faux News...

Thu, 04/26/2012 - 09:16 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Oh good....the crap level is falling....but it's still pretty crappy.

 

Thu, 04/26/2012 - 09:21 | Link to Comment fuu
fuu's picture

It's all Faux now.

Thu, 04/26/2012 - 08:56 | Link to Comment fonzannoon
fonzannoon's picture

Why in hell would that headline come from Fox?

Thu, 04/26/2012 - 10:01 | Link to Comment semperfi
semperfi's picture

FOX has sold out. Napalitano ousted. Hannity's days are numbered.  FUCK FOX - they are now just another MSM shit hole

Thu, 04/26/2012 - 11:56 | Link to Comment GlobalCtzn
GlobalCtzn's picture

Hannity is a fucking intolerable idiot!

Thu, 04/26/2012 - 09:24 | Link to Comment gatorengineer
gatorengineer's picture

Barry made Ruppert an offer he couldnt refuse, moderate or get an FCC enema..... Choice was really simple.....

Thu, 04/26/2012 - 11:28 | Link to Comment MassDecep
MassDecep's picture

Fox only exist as the opposing paradigm, distracting the sheeple in division. Divided we shall surely fall….

Thu, 04/26/2012 - 08:43 | Link to Comment Quinvarius
Quinvarius's picture

And APMEX gets knocked offline.

Thu, 04/26/2012 - 08:57 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

It's just some tech over at JPM screwing around.

 

Thu, 04/26/2012 - 09:06 | Link to Comment LongSoupLine
LongSoupLine's picture

It's just some tech over at JPM screwing around

 

Cue evil wicked witch of west laughter from Blythe

Thu, 04/26/2012 - 09:06 | Link to Comment SilverTree
SilverTree's picture

Physical Supply Information Tricks 4 & 6 digits for APMEX

 

http://youtu.be/2LkF4iqBIzg

Thu, 04/26/2012 - 08:44 | Link to Comment Squid Vicious
Squid Vicious's picture

Bloomberg is getting even worse than CNBS. Guy on the radio yesterday insisted there was something wrong with the durables number, he wasn't sure exactly what but it was definitely "unreliable" lol... 

Thu, 04/26/2012 - 10:55 | Link to Comment Styles9002
Styles9002's picture

Was that by any chance eternal optimist Mike 'Mr Potato Head' McKee?

Thu, 04/26/2012 - 08:44 | Link to Comment Death and Gravity
Death and Gravity's picture

Probably a green day, then.

Thu, 04/26/2012 - 08:44 | Link to Comment ziggy59
ziggy59's picture

One should be able to weekly revise their checking accounts the same way, no?

Thu, 04/26/2012 - 11:50 | Link to Comment KickIce
KickIce's picture

Hell with that, I want Ben's job.  :)

Thu, 04/26/2012 - 08:44 | Link to Comment euphoria
euphoria's picture

fuck the msm

Thu, 04/26/2012 - 08:47 | Link to Comment SheepDog-One
SheepDog-One's picture

Fuck all the sheeple who buy their propaganda blindly and allow this crap to go on.

Thu, 04/26/2012 - 08:53 | Link to Comment Popo
Popo's picture

Yes, but the reality is that it's getting worse. And if someone tells you it's not getting hotter and the temperature keeps rising -- even a stupid sheep is going to figure it out they're being cooked at some point.

Thu, 04/26/2012 - 08:55 | Link to Comment CrimsonAvenger
CrimsonAvenger's picture

Yes, probably at the point that someone is applying the glaze and poking a fork in your ass to make sure you're cooked through. WAY too late.

Thu, 04/26/2012 - 09:08 | Link to Comment pods
pods's picture

I got freaked out when they told me to hold this apple in my mouth.

 

Thu, 04/26/2012 - 08:54 | Link to Comment SeverinSlade
SeverinSlade's picture

Well most of the sheeple that buy this shit aren't investors.  HFTs have the luxury of LITERALLY being brain dead.

Thu, 04/26/2012 - 14:04 | Link to Comment Iwanttoknow
Iwanttoknow's picture

SeverinSlade,define investors.a lot of us are little guys with 401/403,enforced investors.

Thu, 04/26/2012 - 08:46 | Link to Comment DeadFred
DeadFred's picture

Have you ever comsidered that it's just sheer incompetence? Maybe they really are brain-dead stupid. It would have different implications than the more likely case that they are malevolent propagandists.

Thu, 04/26/2012 - 08:51 | Link to Comment ziggy59
ziggy59's picture

No..it's intentional..

Thu, 04/26/2012 - 08:51 | Link to Comment SeverinSlade
SeverinSlade's picture

Unless the BLS shares their offices with the SEC, then no, it's blatant.  Only three year olds or tranny porn addicted sociopaths are that incompetent.

Thu, 04/26/2012 - 08:54 | Link to Comment GoldenTool
GoldenTool's picture

If it was incompetence it would have to go the other way once in a while.  It never does.  100% is a hard figure to hit.

Thu, 04/26/2012 - 10:06 | Link to Comment worbsid
worbsid's picture

I think the BLS gets most of the data in time and that's what they go with on Thursday morning but as the rest of the data comes in and they revise.  The problem is the Thursday deadline ... must publish.  It is the media that gives the big BS headlines to the numbers.

Now do I think the administration likes it this way? Of course, so it won't change. It seems there is some blaming the messinger here on ZH?   

Thu, 04/26/2012 - 10:19 | Link to Comment WonderDawg
WonderDawg's picture

Nice fairy tale, but if that were the case, statistically speaking, the revisions would go the other way once in a while, wouldn't they?

Thu, 04/26/2012 - 10:29 | Link to Comment worbsid
worbsid's picture

These are UNemployment numbers additional data is more unemployment. I am surprised the number is not 'always' greater rather than 18 out of 20.

 

Of course this idea does not fall into the realm of conspiracy so it is not so interesting.  

Thu, 04/26/2012 - 08:48 | Link to Comment GeezerGeek
GeezerGeek's picture

The Obama reelection campaign will eventually have a political ad saying something like this: "Initial Unemployment Claims have fallen for 87 weeks in a row. Vote for Obama." OK, I pulled that 87 out of thin air. But if they can proclaim falling unemployment rates by ignoring the long-term unemployed, why doubt they will also ignore the upward revisions? It's not like the cowardly GOP opposition will actually try to dispute the 'facts', or that 'facts' would even matter to most voters.

Thu, 04/26/2012 - 09:59 | Link to Comment knightowl77
knightowl77's picture

Who supposedly is the "opposition party"? We have the Obamacrats and the Lite Obamacrats....I hear very little that contradicts the continuing stream of lickspittle coming from the mouths of the Obamacrats....

We need the Real Slim Shady to Stand the F.U.

Thu, 04/26/2012 - 08:47 | Link to Comment SeverinSlade
SeverinSlade's picture

I'm getting tired of having to explain the blatant propaganda that spews out of the BLS every fucking week.  I seriously feel like I need to draw a picture with crayons for my friends and family.

The idiot sheeple continue to believe that the economy is improving.  If one sorts through all the bullshit and looks at UI figures over a longer time frame (monthly vs weekly) one would easily see that UI has been going up for 2+ months...Yet thanks to the bullshit from BLS, Bloomberg, CNBS, etc. have been saying over that same time frame that UI has been "better than expected."

Thu, 04/26/2012 - 08:47 | Link to Comment lizzy36
lizzy36's picture

How is 2012 not merely 2011 2.0?

It is funny, was watching Frontline (PBS) which is doing a 4 hour special on Wall Street and politics. Looking at years before 2008, the crisis and the aftermath. They interviewed one of Bush 43 speech writers, and he basically said how they were under "orders" to put happy economic data/propoganda in speeched. And when the list got smaller and smaller in 2008, they were told to ignore everything bad and focus on how resilient the US economy was.

Propoganda meant to placate the masses.

Thu, 04/26/2012 - 08:48 | Link to Comment SheepDog-One
SheepDog-One's picture

You watched a 4 hour PBS special? omfg

Thu, 04/26/2012 - 08:55 | Link to Comment SeverinSlade
SeverinSlade's picture

Shit, I can't listen to 5 minutes of NPR without falling asleep at the wheel.  It's seriously worse than listening to radio play by play of golf.

Thu, 04/26/2012 - 08:59 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

I get the heaves as it passes over NPR as I'm turning the dial.

 

Thu, 04/26/2012 - 09:57 | Link to Comment catacl1sm
catacl1sm's picture

You have a dial on your radio? OMFG... sooo last century.

Thu, 04/26/2012 - 08:58 | Link to Comment brewing
brewing's picture

so far, the program appears to be a political ad for our commander-in-thief...

Thu, 04/26/2012 - 09:00 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

That's pretty normal actually.

 

Thu, 04/26/2012 - 09:28 | Link to Comment lizzy36
lizzy36's picture

Disagree.

The only had discussed Obama for the last 30 minutes. Only in the context of how he was basically a WS insider when he was a POTUS candidate. Also how John McCain's basic financial and economic aptitude is that of a 4th grader.

What became MORE apparent from the first 2 hours, was how CULPABLE GEITHNER and bernanke were in creating the crisis. Particularily Geithner, who was absolutely the pawn of WS CEO's which is why he is TSY SEC. Geithner absolutley and completely failed as head of the FRBNY, and he got promoted. The program singled out Geithner for being completely unprepared and caught by suprise by the whole crisis. Not exactly confidence inspiring.

The necessity of TARP was because of the absolute and total failure of Paulson, Bernanke and Geithner. Bernanke and Geithner should have been fired. I am not saying they are dumb,or anything of the sort. These are clearly very intelligent men, who completely FAILED. They should have been held accountable.

Thu, 04/26/2012 - 10:08 | Link to Comment knightowl77
knightowl77's picture

Little Timmy has yet to say 1 thing that is intelligent...starting with how he missed paying taxes on certain income because TurboTax let him down....All of CLOWNS in Washington DC are WS insiders....

They either worked for GS or JPM at some point or are beholden to them for their office..... These guys did not "fail" from Wall Street's POV.....they did what they were told....

Thu, 04/26/2012 - 11:57 | Link to Comment NewWorldOrange
NewWorldOrange's picture

We'd all be a lot better off with a different Timmy as Treasury Secretary:

http://www.youtube.com/watch?v=7UBakpPtv2Q  (a few seconds, and not sarcasm)

Thu, 04/26/2012 - 10:36 | Link to Comment topshelfstuff
topshelfstuff's picture

"""""The program singled out Geithner for being completely unprepared and caught by suprise by the whole crisis. Not exactly confidence inspiring.

The necessity of TARP was because of the absolute and total failure of Paulson, Bernanke and Geithner. Bernanke and Geithner should have been fired. I am not saying they are dumb,or anything of the sort. These are clearly very intelligent men, who completely FAILED. They should have been held accountable."""""

You don't really think they were unaware? They sure didn't FAIL in bailing out every Big Bank/Financial. It seems that everyone has forgotten that at the same time Paulson was begging and demanding some $700-$800 Billion, we now know, thanks to the Watered Down version of the original "Audit The FED" Bill (connected to the 1,000pt down day), that Bernanke went out and scattered $16 TRILLION to Members of The Gang,= TARP X-20 ) Swept Under The Rug and we don't hear this mentioned any more

Thu, 04/26/2012 - 10:39 | Link to Comment brewing
brewing's picture

Well said lizzy, and I agree to a certain extent.  Really, the whole mess started with the Clinton administration's repeal of Glass-Steagall - the birthplace of CDO's.  No regulation/transparency allowed those instruments to spiral into the mess that they became.  With no oversight, the show seemed to say that no one could have known except for the buffoons that created them...  

Sun, 06/17/2012 - 12:19 | Link to Comment Mensagens Para Orkut
Mensagens Para Orkut's picture

Amazing but not surprising. Sooner or after these association wont accept the abominable "one year ago" abstracts that supports the narrative. They assume to accomplish about like altitude scientists that consistently analyze temps with the little ice age to appearance how abundant has changed.

Mensagens Para Facebook | Mensagens De Celular

Thu, 04/26/2012 - 08:58 | Link to Comment DeadFred
DeadFred's picture

If you study the types of propaganda the world has seen this is more similar to Easern Bloc agitprop than Nazi propaganda. Funny, whatever happened to the Soviets and the Nazis?

Thu, 04/26/2012 - 08:48 | Link to Comment james larson
james larson's picture

Amazing but not surprising.  Sooner or later these folks wont have the hideous "one year ago" data that supports the narrative.  They seem to operate about like climate scientists that always compare temps with the little ice age to show how much has changed.

Thu, 04/26/2012 - 09:00 | Link to Comment CaptainObvious
CaptainObvious's picture

Yeah, I'm not surprised at all.  This is SOP for the feds...the numbers are bad, so let's revise the predicted numbers upward so it doesn't look as bad as it actually is.  Take Fukushima...the radiation is bathing Kalifornia as I type, so they just upped the "acceptable" level of radiation so they don't have to admit that all Kalifornians will soon be glowing in the dark.  This way the MSM cheerleading wankers get to report the "truth".

Thu, 04/26/2012 - 08:48 | Link to Comment Ben Bermonkey
Ben Bermonkey's picture

look at my .guns index basket consits of 1 rgr us + 7 times swhc us

new highs. You should be long guns, short society, as sad as this really is!

Thu, 04/26/2012 - 08:49 | Link to Comment SheepDog-One
SheepDog-One's picture

Ive been saying the same here for many moons.

Thu, 04/26/2012 - 09:55 | Link to Comment semperfi
semperfi's picture

just picked up 2 Glock 21 Gen 4's myself and 300 rounds

Thu, 04/26/2012 - 08:49 | Link to Comment BeetleBailey
BeetleBailey's picture

It's getting to the point where I want to bitch slap people I come in contact with as to the state of the economy.

I hear "hey...it's getting better!" or "Obama's doing a super job"...and I shudder.

I have to hold back my hands from turning into Jackie Chan's.....

People in the know have never been surrounded by more UN-intelligent/mis-informed idiots in this country in it's history.

That Obama even has a chance is testimony to that.

Moreover, anyone that watches the MSM "news" is automatically an imbecile. I watch some - only to confirm my disdain....and to see what they are feeding the sheeple.....it is despicable.

Thu, 04/26/2012 - 08:54 | Link to Comment SheepDog-One
SheepDog-One's picture

I've given up on it, you simply can't 'wake up' most people its totaly futile. I just refer to them as 'Walkers' now, they'll just be the zombies panicking and freaking out in the streets one day when their ATM card wont work. Denial is a hell of a drug.

Thu, 04/26/2012 - 09:57 | Link to Comment HD
HD's picture

Zombie sheep?

Thu, 04/26/2012 - 08:52 | Link to Comment scragbaker a ca...
scragbaker a cape cod clamdigger's picture

AGREED !

Thu, 04/26/2012 - 08:56 | Link to Comment dwdollar
dwdollar's picture

The sheep are slipping back into the abyss. It's very frustrating.

Thu, 04/26/2012 - 09:20 | Link to Comment lizzy36
lizzy36's picture

A couple of weeks ago i watched the first half hour of national morning news shows, Today, GMA.....they actually just straight out lied about econoic releases. They didn't spin just lied. And they don't get called on it, bc 90% of their viewers, don't have the simple math skill set to know they are being lied to. Moreover, they actually WANT to be lied to.

The other issue is Romney really that different from Obama?

There is no choice, it is just the evil one knows or the other evil one knows. 

Thu, 04/26/2012 - 09:27 | Link to Comment SheepDog-One
SheepDog-One's picture

To me it all means that clock is winding down fast.

Thu, 04/26/2012 - 11:51 | Link to Comment BeetleBailey
BeetleBailey's picture

Bet you had to take a shower after that excruiating exercise of watching that shite Lizzie.

I can't watch but 15 minutes of it before I begin to erp up breakfast.

I have several clients who faithfully watch the Today Show.....for decades...and they know better.

I hammer them on it more than a nail at an Amish barn raising; "why the hell you do watch that crap!?" I bellow.

"Well...I like Matt Lauer....he's cute!".

Jesus.....we are doomed.

I pop-quiz my clients regularly as to data, and I end up shaking my head. Fed crap. Kept in the dark.

Advising these days is truly taking total command of the wheel; clients want their heads stuck in the sand, and want to be ignorant it seems. I threaten to raise my fees every time they answer a query off-the-charts wrong.

I get no resistance to the mention of it - so I am raising them.

I lament the end of intelligence on a broad scale in this once-proud country.

The ability to QUESTION AUTHORITY is gone.....

Thu, 04/26/2012 - 17:11 | Link to Comment Westcoastliberal
Westcoastliberal's picture

Lizzy, I've thought for a while now, it's no longer Lib vs Conserv, Dem vs Gop.

It's US vs THEM!

Thu, 04/26/2012 - 09:50 | Link to Comment Vince Clortho
Vince Clortho's picture

The masses have been conditoned by the most thorough Dark Propaganda Brainwashing Campaign ever devised.  And it is ongoing.  Don't get mad at them.  Instead, try to pull off the covers and let some light in.

Thu, 04/26/2012 - 11:58 | Link to Comment BeetleBailey
BeetleBailey's picture

See above Vince. I applaud your optimism as to shedding light - but it is akin to exposing Dracula to it.

I have taken to use several euphemisms - albeit re-phrased, to try....try....to snap some of them out of their zombie-funk;

"You can lead a horse to water.....but you cannot slam it's head into it and make him drink it" is one.....

"Educating fools is folly......nowadays, it's impossible and Sisyphusian" - which bollixes them up.

One client retorted: Who?

Thu, 04/26/2012 - 08:50 | Link to Comment wonderatitall
wonderatitall's picture

...and magically the numbers say, obamakony is god. faster than a missing dog onto obamakonys plate and unemployment is gone. god love obama and the wiggerish fallon. i for one welcome our dog eating fascist masters.

Thu, 04/26/2012 - 08:53 | Link to Comment apberusdisvet
apberusdisvet's picture

Have...........to ............have...........unemployment..........down ..........below...........8%............before...........November.

Hmmm.  How to disappear another 4 million?   Alien abduction?   Mass suicides?  Repatriated Mexicans?

Thu, 04/26/2012 - 09:03 | Link to Comment GetZeeGold
GetZeeGold's picture

 

Repatriated Mexicans?

 

That's why we never did anything at the border. We knew if we screwed it up bad enough they would always just leave on their own.

 

Thu, 04/26/2012 - 09:52 | Link to Comment semperfi
semperfi's picture

Won't be long before WE follow them home to get jobs mowing THEIR lawns.

Thu, 04/26/2012 - 12:40 | Link to Comment Printfaster
Printfaster's picture

Is there an Apple or Google app for locating mowing jobs in Mexico?

Thu, 04/26/2012 - 08:55 | Link to Comment ivars
ivars's picture

Seems we are confidently heading/already inside the predicted in October 2011 end of April/beginning of May dip (green line) -1 USD below it-so the average lows could be around 29-30 with some possible short spike lower:

http://farm8.staticflickr.com/7045/7067979317_3e46d54629_o.png

Now I have a question: Do You really believe, based on other things, that this IS THE FINAL DIP? ( it may take few weeks-month to get out of it)?

As You may know, if it is so, then its time to invest even in trading, since volatility should not bring silver anymore below this dip - not in next 5 years, at least.

http://www.tfmetalsreport.com/comment/78025#comment-78025

But is it?

Thu, 04/26/2012 - 08:57 | Link to Comment papaswamp
papaswamp's picture

...and another miss..

March Chicago Fed National Activity Index: -0.29 vs. +0.07 prior (revised). The index's 3-month moving average decreased to +0.05%, from a level of +0.37% last month.

Thu, 04/26/2012 - 09:28 | Link to Comment SheepDog-One
SheepDog-One's picture

AH so more 'good news' then to bouy the 'markets'.

Thu, 04/26/2012 - 09:41 | Link to Comment papaswamp
papaswamp's picture

Markets will ignore it. They are like the SS on a drinking and whore binge...it all is great until it's time to pay the pimp.

Thu, 04/26/2012 - 09:00 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Anyone else feel like they are sitting at a poker table where everyone is bluffing and no one is calling?

 

FAIL.

Thu, 04/26/2012 - 09:05 | Link to Comment HD
HD's picture

Forget poker. Go fish.

Thu, 04/26/2012 - 09:07 | Link to Comment dwdollar
dwdollar's picture

Worse. I'm forced to play with a gun to my head. Also, every couple of rounds the bully (government) at the table reaches over and steals some of my chips.

Thu, 04/26/2012 - 09:02 | Link to Comment HD
HD's picture

"...for C-Grade "disruptive" HuffPo lites out there..."

But Darling, these numbers are fantastic!

Thu, 04/26/2012 - 09:06 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

"...for C-Grade "disruptive" HuffPo lites out there..."

 

Flag on the play...10 yard penalty for redistribution of grades.

 

Thu, 04/26/2012 - 09:12 | Link to Comment HD
HD's picture

I don't care about grades. I got my "Everybody is Special Participation Trophy" on my mantle.

Thu, 04/26/2012 - 09:02 | Link to Comment monopoly
monopoly's picture

Bloomberg used to be somewhat reliable on the economic news. Lately they have joined the ranks of the idiots at cnbc and just spin it all. Mayor Bloomberg must be editing and approving the script they publish.

It would be nice if there was a station that would publish the truth with 0 spin. Kinda like Zero Hedge. Sorry, absurd thought.

And off topic, interest rates, 10 year well below 2%. Yup, all those honest Americans who worked, saved, and honestly planned on having some income from CDs and Treasuries, how screwed are they. And Blankfein is on TV instead of in a prison cell.

Thu, 04/26/2012 - 09:19 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

People, it's not rejected journalistic integrity.  It's "being professional".

The media outlet sells advertising to advertisers.  Advertisers buy advertising for one reason only, to sell products.  They have informed that advertising outlet that downbeat news does not accomplish their goal of selling product.  It makes people unwilling to spend money.

So the news outlet must "be professional" and "serve our  customer".  You are not the customer.  The advertiser selling products is the customer.  

And so the news is structured to encourage purchase of product.

Thu, 04/26/2012 - 09:33 | Link to Comment SheepDog-One
SheepDog-One's picture

Right, in other words 'whores'.

Thu, 04/26/2012 - 18:02 | Link to Comment snblitz
snblitz's picture

CrashisOptimistic makes a good point, which is a version of "follow the money."  However, besides ZH where is one to look for knowledge of what is going on?  Step one is that you are going to have a get an older dictionary so you can understand what knowledge is.  Knowledge is first person hands-on perception of reality.  That means to acquire knowledge of anything you actually have to go where what you want to know is and look at it.  Anything you read in a book (except mathematics or applied sciences) or see on TV is just so much malarky, with no discernable basis in any fact that you can verify.  It is all faith in authority.

The best you can do is look around you.

I learned a new term of government propaganda recently: "Extinct in the Wild".  You can be extinct in the wild and have a reasonable chance of getting on the endangered species list, even though you can be bought at the local nursery for five bucks.

Really, how much cooler can the double-speak get?

Thu, 04/26/2012 - 09:04 | Link to Comment rsnoble
rsnoble's picture

Yep, everything is just fine isn't it? LMFAO!  Heh no problem....just go sign up for a $30k 4 month training program and you'll have a $50k job as soon as you graduate.  What a fucking joke. 

Thu, 04/26/2012 - 09:22 | Link to Comment dwdollar
dwdollar's picture

Don't forget that 30k is at 20% APR give or take. And that 50k is before the government rapes you. That is, if you're able to get the job. They'll be at least 20 other people applying for it, some of whom have inside contacts. No doubt it will probably be a public position which is non-productive and will leave you skill-less when when S finally HTF.

Thu, 04/26/2012 - 09:06 | Link to Comment orangegeek
orangegeek's picture

As the markets accelerate the downward trend, the INTEGRITY of many systems will decay.

 

This is a great example - others will follow.  "Altered Reporting" by government departments sole purpose it to manipulate the economy - which may work in the short term, but will fail in the end.

 

Market indexes represent far more than a calculation of market caps/share prices.  And it appears that the trend is down.

 

http://bullandbearmash.com/index/djia/weekly/

Thu, 04/26/2012 - 09:17 | Link to Comment SheepDog-One
SheepDog-One's picture

And also, theyre only fooling the dumbest..crack for the dumbed down masses....those who actually buy into the media propaganda are just skewering themselves to be roasted.

Thu, 04/26/2012 - 09:07 | Link to Comment Robslob
Robslob's picture

People don't need the BLS to tell them how high unemployment is all they have to do is look at their paychecks....oops...there isn't one.

Meanwhile back in Gotham City ( aka Washington DC) screams can be heard...shhh, it's an election year stupid!

What are you trying to do, get us all fired?

Bring out the gimp...

Thu, 04/26/2012 - 09:12 | Link to Comment CitizenPete
CitizenPete's picture

 

Ron Paul on CNBC

Ron Paul squares off with commentators on CNBC on a hard commodity standard and Ending the FED...

"Defending paper is much more dificult then defending paper..."

 

http://www.youtube.com/watch?v=kG2uDf2F3cA

Start at: 10:00

Thu, 04/26/2012 - 09:16 | Link to Comment Son of Loki
Son of Loki's picture

'uneven recovery'....'best time ever to buy a xxx'....'better then expected'....'all RE is local'...

...and so on....

http://hotair.com/archives/2012/04/24/new-residential-home-sales-fall-7-...

Thu, 04/26/2012 - 09:15 | Link to Comment SheepDog-One
SheepDog-One's picture

This is all just data which peole smart enough to get it will get it, those who are sheep will not get it. In other words, this is just natural selection. 

Thu, 04/26/2012 - 09:16 | Link to Comment rsnoble
rsnoble's picture

Would this have something to do with places like Home Depot having packed parking lots during the weekdays? I used to prefer going to the store etc on the weekdays now there's sometimes I can't tell it from a wknd.

Thu, 04/26/2012 - 12:43 | Link to Comment Printfaster
Printfaster's picture

The lots are packed with applicants for jobs at Home Depot.

Thu, 04/26/2012 - 09:18 | Link to Comment cnhedge
Thu, 04/26/2012 - 09:18 | Link to Comment marcusfenix
marcusfenix's picture

the PTB's have a nice little scam going with these number games.

next they need to revise last months NFP number lower,say, 99k so when this months print hits the press at 100k they can claim an increase in job growth whist initial claims continue to fall.

keep repeating this routine and before long, you have full employment...

Thu, 04/26/2012 - 09:18 | Link to Comment semperfi
semperfi's picture

Anybody that still pays any attention to the MSM has shit for brains.  Wake me up when Europe implodes...zzzzzzzzzzzzzzzzzz

Thu, 04/26/2012 - 09:21 | Link to Comment SheepDog-One
SheepDog-One's picture

So this 'propaganda' relies on people not realizing 1 number is actually bigger than another? OK so theyre fooling retards then...the very dumbest among us...so what does THAT get them really?  Do they feel proud of themselves or what? Anyone can fool the full-retarded...big deal.

Thu, 04/26/2012 - 10:02 | Link to Comment HoofHearted
HoofHearted's picture

What does it get them? Elected. Those retards get to vote just like you and me, unfortunately. And I'm "wasting" my vote on Ron Paul, so....

Thu, 04/26/2012 - 09:25 | Link to Comment Zgangsta
Zgangsta's picture

Well, at least the four week average is unfudgeable. Up again no matter how you look at it.

Thu, 04/26/2012 - 09:27 | Link to Comment djsmps
djsmps's picture

CNBAPPL: "New claims for unemployment benefits fell slightly last week but a trend reading rose to its highest since January, the latest sign of a weaker pace of healing in the still-struggling labor market." That reminds me of a doctor who says, "We'll have to amputate the foot because you seem to have a weaker pace of healing."

Thu, 04/26/2012 - 09:32 | Link to Comment SheepDog-One
SheepDog-One's picture

Do you remember when CNBC hated Apple and addored RIMM? Just whores.

'Labor market' always sounded 1 tiny step from 'slave trade' to me.

Thu, 04/26/2012 - 09:34 | Link to Comment ArrestBobRubin
ArrestBobRubin's picture

Whoever ran Joe Stalin's media department would be so darn proud.

These guys actually bring up Goebbles and The Big Lie regularly. As if it was his idea, and not one they've run the world by via debt, fiat, exploitation and murder, for centuries.

 

Thu, 04/26/2012 - 09:46 | Link to Comment adr
adr's picture

Wow, just wow.

Claims have fallen for the past five weeks to the lowest levels in years, right? Claims have actually fallen every week if you go by the MSM headlines but the jobless number this week is higher than four weeks ago.

UP IS DOWN AND DOWN IS UP.

More people claiming unemployment actually means there are less people claiming unemployment. I got to use this math.

I'll spend $1million and go negative $1million in my bank account. When the bank asks for the money I'll say. No that is $1 million in the bank not $1 million overdrawn. I use BLS math and you can't argue with me because it is government and media accepted.

Thu, 04/26/2012 - 10:29 | Link to Comment knightowl77
knightowl77's picture

...."UP IS DOWN AND DOWN IS UP."

 

Isaiah said it first, "Woe to those who call evil good and good evil, who put darkness for light and light for darkness, who put bitter for sweet and sweet for bitter."  Isaiah 5:20

 

Nothing to see here, move along

Thu, 04/26/2012 - 10:01 | Link to Comment MarsInScorpio
MarsInScorpio's picture

Does Bloomberg read ZH? Here is the actual headline, which was picked up by Drudge Report (who is apparently also checking ZH now):

More Americans Than Projected Filed Jobless Claims Last Week

 

It's progress . . .

-30-

 

 

 

 

 

 

Thu, 04/26/2012 - 10:08 | Link to Comment Hohum
Hohum's picture

YOY, the not seasonally adjusted is 21,000 lower for initial claims.  TS won't HTF until NSA is higher than one year ago.

Thu, 04/26/2012 - 10:47 | Link to Comment 3ringmike
3ringmike's picture

I worked twelve hours last week. That was twelve hours more than any of the prior twelve weeks. Wow, maybe the economy is improving. 

Thu, 04/26/2012 - 10:47 | Link to Comment 3ringmike
3ringmike's picture

I worked twelve hours last week. That was twelve hours more than any of the prior twelve weeks. Wow, maybe the economy is improving. 

Thu, 04/26/2012 - 10:50 | Link to Comment overmedicatedun...
overmedicatedundersexed's picture

if gov and banks were run by the mafia, what would be happening that is not happening today?? maybe better looking call girls and more pasta.

Thu, 04/26/2012 - 10:52 | Link to Comment Snakeeyes
Thu, 04/26/2012 - 10:56 | Link to Comment YesWeKahn
YesWeKahn's picture

Lets reelect Obama so that we can manipulate the data to infinity.

Look, many people now claim that the economy improves thanks to him, unemployment is due to the other: Obama, Bush, Paulson, Geithner, Bernanke, etc.

Whoever still in power needs to use it.

Thu, 04/26/2012 - 11:37 | Link to Comment ejmoosa
ejmoosa's picture

We are going to have one week where all is adjusted up in one fail swoop, then we can start the downward trend again.

 

As we know the bad news of the massive revision will be dropped by lunch time, and all the headlines can be positive for another 100 weeks or so.

Thu, 04/26/2012 - 11:40 | Link to Comment Lil Ms.Homesteader
Lil Ms.Homesteader's picture

Ok, let's do the math on the unemployment numbers.

150 million in workforce

13 million officially unemployed=8.6%

13 million officially unemployed +plus+ 88 million who have left the workforce=67.3%

23 million actual unemployed=15.3%

23 million actual unemployed +plus+ 88 million who have left the workforce=73.3%

And this is called a recovery!

Thu, 04/26/2012 - 14:13 | Link to Comment Problem Is
Problem Is's picture

We Need MORE UNEMPLOYMENT Before the Economy Will Turn Around

Every bribe taking incumbent ass hole in DC and Wall Street Bankster will have to be fired and jailed before the economy will turn around...

Thu, 04/26/2012 - 14:26 | Link to Comment Eric L. Prentis
Eric L. Prentis's picture

The BLS is a political entity.

Sat, 05/05/2012 - 03:43 | Link to Comment wandybrad
wandybrad's picture

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