More Jobless Stagflation: CPI +0.5% On Expectations Of 0.2%, Jobless Claims Back Comfortably In +400K Territory

Tyler Durden's picture

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Cash_is_Trash's picture

Welcome to the recovery by Tim Geithner

LMFAO

Shocker's picture

This is a recovery... hahah, wow i want to go back to the depression I suppose.

http://www.dailyjobcuts.com

 

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lolmao500's picture

Recovery, yes we can. Obama wants another stimulus!

FoieGras's picture

CPI is backwards looking. Bonds are up on the news.

Steelpulse's picture

Now, now...a revision to 399K? That is a rigged number if I ever saw one! Unbelievable!

MFL8240's picture

What number isn't rigged by these gangsters?

Boilermaker's picture

Anyone want to make a side bet that the market recovers right around 1:00 and closes up?

pettolicious's picture

I'm your huckleberry...Count me in on the other side of that trade.   I believe we dive deeper into the close and finish at or near the lows of the day.  Got to prep the stage for the Bernank.  Need more fear.

Boilermaker's picture

I can see that.  But, I also wouldn't be surprised to have another (for the Nth time) inexplicable 'rally' as well.  That's the problem with trying to predict a pre-scripted event wtihout the script as reference.

They're already reversing some the pre-market losses on XLF and IYR.  That tells me they are totally letting go...just yet.

Catullus's picture

But But But But. Paul Krugman told me that inflation wasn't the problem. 

Quintus's picture

No.  On planet Krugman, the main problem is that there simply isn't enough War going on to stimulate the economy.

Sure, some brown people might have to be killed, and a few countries reduced to rubble, but just think of the economic benefits!

What a loon.

SokPOTUS's picture

Krugman as Warmonger.  Who'da thunk it?

Catullus's picture

I never got the answer to .. if the space aliens invade and build more pyramids, is that inflationary or deflationary? HAHA

Silverhog's picture

Three more months of this great recovery, we will all be in bread lines. Ata boy O.

Karl Tashjian's picture

Everything is getting more expensive.

Quick Bernank! Print some more money so we can pay for everything!

KnightsofNee's picture

Hot off the presses! US Government admits that an alien fleet is headed towards earth! Their purpose, To Serve Man!

This news should be bullish for stocks. Buy the dip today bitchezs!

Wow, Krugman was right! Go figure.

snowball777's picture

Who wants to volunteer to be an hors d'ouevre?

rsnoble's picture

Weren't we just arguing yesterday about food prices going up or not?  I buy at least $200 worth of grocies a week, often more, for several years.  I don't need any single dude opionions that groceries aren't going up just because your stupid ass can live on top ramen.  They're going up, end of the story.

LawsofPhysics's picture

I have had productive acerage with peaches, pears, and pecan trees on it.  Looking back to 2001 prices, the prices I have been getting on the market for these items is up over 50% for the pears and peaches, it is up over 120% on the pecans.  Apparently the asians really do like their nuts.  Wages flat, profits up, any questions?

Sambo's picture

Stagflation it is. What is the real jobless rate? 25% ?

snowball777's picture

Shadowstats U6 is ~22.5%

Yes_Questions's picture

Yup! Almost posted the exact same thing.

Sambo's picture

Thanks. I was off by 2.5 percentage points...not bad for a wild Thu morning guess.

buzzsaw99's picture

Transitory bitchez.

rsnoble's picture

Of course with 5 dogs and 6 cats the first cart to roll thru the aisle has all their stuff then comes mine........hot dogs oats and rice. LMAO.  No, it's not really that bad but my wifes little animal shelter is coming to a screeching halt.  She doesn't understand why I flew off the handle when I went to my mancave the other night and found 3 kittens in there.  Not that I don't feel sorry for them I said, but we've done all we can do.  And of course none of them have been fixed or have had shots.  I told her start a shelter for baby pigs, at least we can eat them later!!  Of course raising a single pig or two isn't worth it.  Not unless you have a source of cheap food.  If not your $200 pig will eat up $1000 worth of food before it's worth making bacon out of.

pazmaker's picture

Try raising meat rabbits.  Very inexpensive and very productive as well great quality meat.

10 Rabbits will produce 6 pounds of meat on the same feed and water as a cow will produce 1 pound of meat on the same feed and water.

SirIssacNewton's picture

That's 1.6 million Americans who no longer even collect any benefits from the government.

Those Americans......that's 1.6 million people, most likely 99ers at the end of their benefits, looking into the abyss of no jobs and a country, a Congress and a President that have failed to do anything other than bail out their buddies.

 

LawsofPhysics's picture

Sounds like we all need to get off our ass and do something about it.

SirIssacNewton's picture

Agreed...... It's time for the rise of a viable Third Political Party.  The time for hocum is over.

Pay Day Today's picture

If Ron Paul can't get air time, then no third party is going to be able to. Will need to be a smart strategy to work.

Racer's picture

Nice work getting the economy back on it's feet eh ChairSatan!

snowball777's picture

Boomjuice, (coffee) beans, and boxers!

Falcon15's picture

Lopsided male bovine fecal material! If the Fed is not allowed to use fuel and food as part of calculating inflation they should not be using them to calculate the broad CPI!

gulf breeze's picture

Paging Robo.  We need market direction

warchopper's picture

How can it be, how can it BE? Someone in the government needs to be fired. This is not consistent with our current propaganda policy.

JPM Hater001's picture

Hey guys...what did i miss?  Something going on here?  Is there news about the recovery??  Did someone mention Krugman?  I love him dont you?  Boy things are really looking up aren't they?  Should we start a club?  What about "The Dead Hopium Society"  for the name?  do you think we could get Geitner to join?

mayhem_korner's picture

The revised last-week print was actually 399,499.4.  The .4 was a seeing-eye dog of a blind guy...

Ponzi on, Garth.

mayhem_korner's picture

LOL!  Took me a while to get that subtlety - brilliant!

Caviar Emptor's picture

QE3 in doubt again. The biflation checkmate. 

And by the way, this is not stagflation. No stag at all, we're contracting. 

rwe2late's picture

"That's 1.6 million Americans who no longer even collect any benefits from the government."

That's only true for unemployment compensation.

The unemployed and indigent may still receive AFDC, Food Stamps, etc.  The costs also may shift from the federal government to state and local governments in such forms as city welfare and homeless shelters.

 

Pay Day Today's picture

Damn sad. I look at those black and white pictures from the Great Depression - many taken by photographers directly employed by FDR through the WPA - and think that its going to be much worse over the next 2 or 3 years.

While the top 1% sail on by comfortably ignoring it all as long as we let them.

Doyle Hargraves's picture

The great correction continues, long gold and ammo Bitchez!

GCT's picture

I could not believe my eyes when the local TV station I was watching before I headed to work stated the reason for the increase in the CPI was due to, hold on and do nto laugh too hard!

Tobacco, beer and wine prices.  I spit my coffee out from laughing so hard.  Whats ever worse people will probably believe this crap!