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NFP Big Miss: 120K, Expectations 205K, Unemployment 8.2%, "Not In Labor Force" At New All Time High
March NFP big miss at just 120K. Unemployment rate declines from 8.3% to 8.2%. Futures slide, for at least a few minutes before the NEW QE TM rumor starts spreading. The household survey actually posted a decline in March from 142,065 to 142,034. Considering Birth Death added 90K to the NSA number, the actual number was almost unchanged. And as always, as we predicted when Goldman hiked its NFP forecast yesterday from 175K to 200K saying "if Goldman's recent predictive track record is any indication, tomorrow's NFP will be a disaster", Goldie once again skewers everyone. Finally, Joe LaVorgna's +250,000 forecast was just 100% off... as usual.
The unemployment rate drops to 8.2% for one simple reason: the number of people not in the labor force is back to all time highs: 87,897,000.
Birth Death:
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Yeah, sure doesnt look like much of a full blown crisis to me.
What depression?
/sarc
At least Japan the pm overtly begs the central planners for liquidity injections
At least Japan the pm overtly begs the central planners for liquidity injections
Goldman really nailed that call. Bonuses for everyone.
That call was for Muppets only.
And you thought they knew something...
It's only the beginning...VIX is about to take off with everyone scrambling for puts
Selling will be very short-lived. Becareful
Where the hell is that Robert Brusca character?
I'm right here. And as I predicted, the unemployment rate fell. The recovery is real, as I posted. Thanks for your concern.
Sincerely, Bob Brusca
LOL 'The Recovery is REAL'! Yea whatever if its so good, then you buy it.
i'm sure he will...with freshly printed Fed fiatscos........
He can't talk right now. He's got Bernanke's Koch in his mouth.
this is such a scam...Mon. morning we will back over 1400. after some f'ing rumor about paramecium optimisim index jumps 6,000pts to all time high. All on a day when the "market" is closed to retail muppets like myself. Fuck them all.
Not this time RS
@Stax Edwards
Yes. It will be bumpy (and we could get one may nominal high), but the time for buying is over.
No kidding. This is not 08/09 they will print in advance and keep the floor under everything.
love how the morons at Bloomberg can't even get a futures feed up and running....when dow futures were DOWN 70 points they had it showing UP 22 pts! Well done idiots.
Does that mean we actually lost 700,000 jobs in the last month?
Something like that. So, at that rate, unemployment will be below 5% by August, using the new math, of course.
Zero jobs and zero unemployment...only in ObamAmerica!
Zero unemployment.....and 100 million out of the workforce.
Sounds about right.
WOW this is REAL BAD...with the upcomming foreclosures from robosigning gate back under way...student debt...were in real bad shape...QE 3-4-5 and serious debt reductions needed mabe no OBAMA re-election...Bernanke and the FED in a box w/all screwed...
And the FED is trapped. They can not do more QE, because gas is $4.00 nationally and in California over $4.00. Not to mention food costs are much higher in the last year. All QE will do is make the stagflation much worse and most competent people at the FED know it. Also, will the election coming Rep will scream if Bernanke rolls it out. If QE happens it won't be until next year, which is a long time from now.
Thats the way I see it, theres all this talk about how any minute Ben is going to turn on full blast about $4 trillion more funny money...but I dont believe it I just dont see it at all. They have to coast this 747 across country with engines flamed out....all summer long...$5 gas with summer blends coming. Personally, I think all the masters of the universe screwed up big time.
And look at Obamatard my God hes a disaster making as ass of himself swatting down congress and the USSC calling them all 'irrelevant'? This is not about some equities, this is about the entire system is shambles ticking down to a revolution.
the masters of the universe are central planners. Central planning always fails. The masters of the universe will fail.
Bernanke said last week inflation was running under 2%. His words (certainly not mine)
I'm going with Bernanke on this one, 2 percent a week sounds about right.
Repost
I just watch this prior to every NFP report and insert Goldman for Salomon.
THIS is the 'crisis' for QE3? 120K jobs, on expectations of 175K? (175K yesterday before Goldman went full Simple Jack)
So this 'gives cover' for Ben to flood in free trillions, 120K jobs added is the crisis, futures +40 now....well, I know it banishes me from the herd again but Im not buying it.
Sheep no one is saying he will announce anything monday morning. What I am saying is this is the start (or continuation of) shit sandwich data that the market will interpret as his eventual printing of more money. Simple Jack comments are always welcome.
Well, yea the post right below me says 'Ben will announce QE Monday morning', thats what I was talking about.
Expect an announcement from the FED before Monday's open. Pure manipulation. No doubt in my mind more QE announcements are coming to save the stock market once again.
OK, well enjoy your $6 gas then america....got to 'save the stocks again' poor DOW is only a few% from all time highs...got to save them stocks theyre hurtin bad.
It's fine sheep the avg car gets BLAH BLAH miles per gallon now so $6 a gallon is the new $3 a gallon. It's all about spin. As long as your listener is stupid. Which most are...
Well I dont base what I think from the viewpoint of how the avg sheeple sees things.
The fed won't announce or do anything until August. The trend has to be set to give him cover to print. We need a couple more bad months of numbers.
So we're going to have a total shit summer with gas nearing $6, and then in the fall theyll turn it all around on a dime and everyone will be suddenly euphoric for Obamao's grand ceremony to be ushered back in? I just dont see it. A LOT of things can happen between now and then.
We've seen this same thing play out two years in a row now and this will be the third. The numbers will get weaker but not catastrophic going into August. The peak driving season will be over and gas prices will trend down. Then Ben will come out with some sort of program. Until they can tell me how they are going to fund a 1.3 trillion dollar deficit I'll stick to my thesis. Ben has to print and will.
Theyre not worried about funding a defecit, theyre just monetizing the debt for 3 years, and I say theyre done and can shut down the casino any moment they like. The FED is not going to worry about chasing the last nickel around.
And it begins. I don't think they will be able to spin this one like ABC is trying to. Put some lipstick on this pig and take it to the White House so they can tell all those that got hired at $9.00 an hour with no benefits what a good job this all knowing administration is doing.
Uncle Sam is on his death bed.
The Supreme court's decision re strip searches, imminent domain property seizures among regulator's deals in respect to robo signing, fraud compliance and so many other disgusting offenses to the Constitution of the US and Bill of Rights including the Nobel Peace Prize winner's aggressive policies on sovereign soil tells you that America no longer has a head. Then add Fast and Furious to the mix with victims attached and what do you have?
The country is doomed as it has forgotten its roots in favor of techno gadgetry and zero down payment McMansions in return for what?
When the country's citizens finally wake up to what is really going down it will be too late.
I see a tear running down the Statue of Liberty's cheek
How the US uses sexual humiliation as a political tool to control the massesNaomi Wolf
In a five-four ruling this week, the supreme court decided that anyone can be strip-searched upon arrest for any offense, however minor, at any time. This horror show ruling joins two recent horror show laws: the NDAA, which lets anyone be arrested forever at any time, and HR 347, the "trespass bill", which gives you a 10-year sentence for protestinganywhere near someone with secret service protection. These criminalizations of being human follow, of course, the mini-uprising of the Occupy movement.
Is American strip-searching benign? The man who had brought the initial suit, Albert Florence, described having been told to "turn around. Squat and cough. Spread your cheeks." He said he felt humiliated: "It made me feel like less of a man."
In surreal reasoning, justice Anthony Kennedy explained that this ruling is necessary because the 9/11 bomber could have been stopped for speeding. How would strip searching him have prevented the attack? Did justice Kennedy imagine that plans to blow up the twin towers had been concealed in a body cavity? In still more bizarre non-logic, his and the other justices' decision rests on concerns about weapons and contraband in prison systems. But people under arrest – that is, who are not yet convicted – haven't been introduced into a prison population.
http://www.guardian.co.uk/commentisfree/cifamerica/2012/apr/05/us-sexual-humiliation-political-control
Haven't you heard.
The terrorists are attacking the US because they are jealous of all the freedom Yanks have. So if the freedoms are taken away, terrorists won't attack anymore.
Problem solved.
Lol welcome to maximum security prison of America bitchezz! actually no, even in a max prison strip searches are only authorized under certain conditions. Seems like prisoners now have more rights then consumers..citizens I mean.
Well, that would make sense. Citizens are probably more dangerous to the establishment then prisoners.
Remember Iron Eyes, too.
Tragicomic.. Next excuse for liquidity injection? Syria? Iran?
Here comes the stall out.... I thought it was interesting that the population increased LESS (+169,000) than the size of the civilian labor force (+202,000) (NSA). Also the Not In Labor Force declined by 34,000....uh wait...isn't that interesting.
can you trade commodities today in your accounts ? Mine is disabled - only FX and US equities. Any hints where is gold and oil now ?
London ICE is open I think. Gold and Silver are flat lined from yesterday close.
Epic Fed Fail.
Are there any doubts that the report was distributed a week in advance to the insiders? Usually the "market" hits the lowest point on Tuesday before NFP report. It was not the case this week.
Rember the FED is independant. Its not only the bank who need printed money, but the government as well. Ben said no to QE3. What is the Treasury to do? no more free money? Solution: publish data which will drive the FED to print due to its mandate.
BULLISH!
Looks like that once in a lifetime Goldman call to get into equities, going to last a bit longer.
Joe Kernan(sp) on CNBC has got to be on his last days with the network and I don't think he cares what the others think. He's finally calling the scam and fraud in the system for what it is and I hope others will more openly challenge the bullshit generator that this network has become for financial advice.
Eventually the UNRATE will make new highs:
http://chart.ly/38hrbq2
But unemployment went down. All is good, no?
They had to add a positive spin somehow.
Three solid years of manipulating the market and this is what we got?
Mr Bernanke you need to stop fixing the economy and let the markets clear out. One day you will understand free markets but it will be after they run over you.
This is QE friendly and thus PM friendly. Believe BS Bernanke about no QE needed? Been alive the past 5 years?
Accumulate physical silver and gold while this wonderfully huge, FED-provided subsidy is still in place. The big true-up is not far off. THIS is the time to accumulate, not to worry about how low the buy price can go.
We're ACCUMULATING ounces! In this stage, don't we WANT low prices? Hell yes we do.
Can kicking, rigged paper metals markets and a seriously jimmied Dow Jones Propaganda average DO NOT constitute a recovery.
Have fun, but keep it Real. Buy some physical PM.
> Accumulate physical silver and gold
Just make sure you go short tungsten when you're doing that.
I always love the finance pages "but " comments. BUT down to 8.2%! What a bunch of fucking clowns. There's about 1/3 of the poplulation that knows better and everyone knows someone else. The word is out.
come on Santalli Give that LIEman a verbal beat down ..we need the resurrection of the truth on this good friday
It's Friday. All hope is lost.
...But Sunday's comin'.
BLS: Employment to Population Ratio Falls to 58.5%, Teen Unemployment Going "Spanish"
http://confoundedinterest.wordpress.com/2012/04/06/bls-employment-to-population-ratio-falls-teen-unemployment-going-spanish/
The pundits who defend this, it really goes to show how we live in two different Americas.
"Hey guys, unemployment is going down by 0.1-0.2% per month with jobs that pay out at 2007 levels, what a recovery! Really gonna make a dent into those debts you accrued over the past 10-20 years!"
The point of a recovery, in sports terms, is to start winning games again. Not just covering the spread. That means not just creating jobs, but ones with security. Pay that keeps up with inflation in oil, health care, food.
The U6 is down to 14.5%. But I'd expect that to, as more college kids get retail and waitressing jobs. Nevermind internships, which are on the rise.
Basically, we're doing just enough to keep the boat afloat. How this is acceptable to any administration, Republican or Democrats, is a disgrace.
Drones still try and convince me he is so smart I just don't understand him. One day we will realize his brilliance.
Drones still try and convince me he is so smart I just don't understand him. One day we will realize his brilliance.
what the fuck is Joe Kerner thinking ..His hair rug glue must be getting to his brain..the guy is fucking lost
Yup. Complete paper 'tard and veteran pm basher. Does he see a bubble in Apple?
I can hear them now: "gosh, I mean who coulda possibly seen a bubble in Apple???"
CL on Nymex is closed today (for those asking). Closed yesterday at 5:15 pm est (at 103.25 - front month).
Why does ZH even bother reporting these fake fabricated government numbers?
Real unemployment is around 23%. Why doesn't ZH, a site reporting the truth in other financial areas, report the the true unemployment numbers, instead of wasting time bashing fake government numbers?
Forget the fake government numbers. Don't waste time and bandwidth reporting them just to bash them.
Simply report the facts. Unemployment around 23%. We're in a depression, not a recession. QE is still going on because someone has to buy $150 billion of new govt debt each month, and China ain't buying it.
And certainly report the most important fact of all, the rapidly declining value of the US dollar, not against other devaluing currencies, but against a meaningful standard like the price of milk or eggs or gas or gold or silver.
It's amazing how much space ZH spends bashing fake govt numbers, but never saying what the true numbers are.
It's amazing how much space ZH spends bashing meaningless govt financial info, but never reporting meaningful financial info.
Yesterday ZH was all excited about Egan Jones downgrading US to AA.
What nonsense. US is AAA because there will always be a market for US debt, even if the Fed (and its proxies) is the only buyer.
That's not even important. What's important is how Fed money printing to buy all that debt is debasing the US dollar, down 40% since 2007 ...which ZH hasn't even mentioned.
ZH does a Stellar job
Gees Geeze,
Get with it.
Fake=Real
(that goes for your claim tha ZH has not covered monetary debasement as well !)
Posers Rule !
Wow, so i am guessing you spend a lot of time NOT reading Zerohedge.
The USD is down about 41% from 2001, but oddly up 8% since the lows of March 2008.
So perhaps Tyler doesn't report exactly what you want him to report because YOU ARE WRONG.
Everyday there are at least 3 posts on the consequences of US monetary policy run amuck.
I can see where you missed those posts running your own census service, figuring out the "true" (un)employment numbers.
Also there have been numerous posts on tax witholdings suggesting that either the governement reported employment numbers are false, or the number of Mcjobs being created isn't making a difference to the nations (peoples) coffers.
Here is a suggestion, if you are so disappointed with ZH start your own blog. Good luck mastering excel, have a very strong belief that you will need all the luck you can get.
Wow, so i am guessing you spend a lot of time NOT reading Zerohedge.
The USD is down about 41% from 2001, but oddly up 8% since the lows of March 2008.
So perhaps Tyler doesn't report exactly what you want him to report because YOU ARE WRONG.
Everyday there are at least 3 posts on the consequences of US monetary policy run amuck.
I can see where you missed those posts running your own census service, figuring out the "true" (un)employment numbers.
Also there have been numerous posts on tax witholdings suggesting that either the governement reported employment numbers are false, or the number of Mcjobs being created isn't making a difference to the nations (peoples) coffers.
Here is a suggestion, if you are so disappointed with ZH start your own blog. Good luck mastering excel, have a very strong belief that you will need all the luck you can get.
lizzy was so pissed she double posted
Oh well at least We have Beckys chest to look at .. somthings are good with a coffee
Markets closed till Monday, do you think people will even remember what happened on Friday then? Bullish
Markets aren't closed (well, not all of them). ES took a dump from 1392 to 1378 in 2 candles, and is still sliding (1372 now).
Forex is all open. Most currencies took a dump (on fear) relative to USD. Except JPY (USD went down a full yen from 82.56 to 81.56). Forex never sleeps.
Raw private sector job adds in March were only 706K, which is lower than last year, which was unacceptable. This is serious deceleration.
blame the weather .. Oh you mean the 16 trillion debit tsunami or the warm march weather we just had ?
Fewer jobs reduces the unemployment rate, only in America, sure!! ...the land of the liars, cheats, plotitical opurtinists,propoganda cartel and rigged sytem.
London Trader - Fed’s Global War Against Gold Escalating
With many global investors still rattled by the price action of gold and silver, today King World News interviewed the “London Trader” to get his take on these markets. Here is what the source had to say: “Gold was trashed on Monday, while the Fed minutes essentially said nothing. When a central bank coordinates that kind of attack, it’s war, of course it’s war. This type of action is coordinated by Bernanke and the Fed and executed by the bullion banks. It’s actually laughable if anyone thinks that was a legitimate selloff, on what was, in reality, no news.”
The London Trader continues:
“No legitimate market participants were really selling. Sure there were some stops that were taken out, but it was the bullion banks that came in with their selling and this was what suddenly created the air pockets.
There is massive sovereign physical buying going on right now. Interestingly, the sovereign buying is being swamped by paper selling. Sovereign buyers are aggressively buying tonnage every day at these levels. You have to remember their goal is to pick up physical and get rid of dollars. Nothing has changed.
Interestingly, the Asian buyers have figured out the algorithms, like breaking an enemy’s code in war, and they are using the algorithmic trading to get the best prices each day for physical gold at these levels. The trading is just taking place at lower levels because these bullion banks and the Fed, which manage the price of gold, get overzealous in their price fixing.
But there will be a huge price to pay for their activity.... “An incredible amount of physical gold has been promised for delivery and the amount of promised gold is increasing every day.Meanwhile, back in the casino, the bullion banks don’t know whether it’s day or night. But out back there are trucks carting off some of the remaining Western gold to vaults in the East.
There is very little low hanging fruit left for the paper guys to cover into. Meanwhile, you have the sovereign buyers who are saying, ‘You know what, this elephant herd has kind of stopped now,’ and they want more physical gold at these levels.
Every day at the fix, regardless of price, sovereign entities are buying physical gold. They are averaging in at the fixes, as well as during the declines. On top of that, there are bids for hundreds of tons of physical gold starting at the $1,610 level and below. This is why the recent decline in gold halted $2 above that level.
Regardless, these physical buyers will be purchasing at the fix going forward, even if the price of gold rises. This is why the smart money, the few individuals and entities that are in the know, continue to accumulate physical gold. These well financed individuals and entities are buying because they know they will be in profit.
After ten days of the price being pummeled, after seeing these relentless sell orders come in, day after day, I can understand how smaller players can get demoralized. Many of these smaller players have been in the mining shares, and while gold has risen $1,000 to $1,500, many of the smaller companies are the same price.
It’s the same bullion banks doing this to the mining shares. The same players that are manipulating the price of gold and silver. The bullion banks are naked short these mining shares in an effort to keep the prices capped.
This is why when you look at the OTC Reports, in the latest quarterly report, there are $150 billion dollars worth of certain derivatives. These are not futures, options or even swaps. JP Morgan and HSBC control over 97% of all of the gold derivatives. When you think about it, this is a mind-blowing number.
So this is a war. This is actual warfare where the central banks and their agents are targeting sentiment. You think the Fed and the bullion banks don’t monitor King World News? Of course they do. There is a war going on here. This is a war against gold and holders of gold and the gold shares. They are being targeted.
The bullion banks are so naked short both gold and silver, and they owe so much physical metal to market participants, that this has become like hell for them. They are starting to prey on each other. We are now at the point where these bullion banks are forced to fight a day trading battle each day, sometimes against each other.
We are now to the end game. The bullion banks are so naked short gold and silver it’s unimaginable. They owe so much physical metal to market participants and more physical purchases are being scaled in every day. The sovereign buyers are taking down huge size, we’re talking serious tonnage.
The bottom line here is the leverage by the bullion banks is extraordinarily massive, and players have to remember, eventually it has to get unwound. Jim Sinclair recently stated, ‘Overvaluation in the gold market will be something to behold.’ I can promise you, his statement will be proven correct.”
Eric King
KingWorldNews.com
To return to BLOG click here.
The Easter Flash Crash is not a new phenomena. It's an attempt to permit the futures traders to re-load their positions while the major markets are closed. I posted on it yesterday.
http://displacedema.blogspot.com/2012/04/easter-flash-crash-in-progress.html
http://www.bloomberg.com/news/2012-04-05/pfizer-to-cut-benefits-for-fire...
These guys at Pfizer are real cheap bastards......
Come Monday all you are going to see are "Unemployment rate falls as economy adds more than100k jobs in March"
The job of the press is not to report facts, or even research a story. Only to spout propaganda.
The household survey posted a decline. The real payroll report was negative by a large margin. The report was faked so it would show up as a miss, but not bad enough to spook the market. Just enough so the megabanks can claim the labor market is softening and the economy needs more QE.
I think I said that before and I said +120k. Anyone can be a part of the BLS today. Picking a number out of hat has the same bearing on reality as the number from the government.
Well. we DID have a lot of solar storms last month, so I guess we could blame it on the weather.
This can't be right! The "recovery" message is what was ordered for this quarter. We need a meeting.
Oh, those numbers don't have an impact on the "recovery" message.
Jobs report "further evidence" of recovery, White House says http://abcn.ws/HlBKmb
April 2012 will be the last positive NFP # for the year.
Obama has no chance to be reelected with the jobs numbers he will soon see. And he will have no way to spin it, either.
Do your own math. The best four months in the last two years were Nov, Dec, Jan, Feb.
Last November we added 157k in jobs, and 157 is still larger than 120, right?
Die and despair faster, it's an election year!
Ahhhh, I see things are moving along well according to plan. Goodbye U.S. Constitution...hello New World Order. Good morning, Comrades.
Relax. It'll all be over soon.
LaFornicatya is biggest Pimp ever on financial bubblevision.
Persons not in the labor force is almost 1/3 of the population.
Wow. That is disgusting.
On a flight to NYC this week. Lady next to me - Hopsital Administrator in Harlem. Told me unemployment in her neighborhood was 51% and that the state was trying to close 5 hospitals in her area due to lack of money.... She was fighting to stop the closures.
Inconvenient truth? Reality versus newsspeak.
Unemployment will be below 8% by election day, even if it means 100 million are out of the labor force ....
Yes, Virginia, there is a Santa Claus, and Yes, he can!
8.3% drop to 8.2%
quite impressive? but, wait,...what i heard today from the mryiad of oracles regarding the 'temple-of-bls-on-high?'- that the drop is really from the serfs actually having exhausting all avenues of gainful employment and ump compensation.
so what they seem to have finally come out and said [implicitly?], was, that the shadow inventory of [opaque] unemployed disappear from all statistical substance
therefore the real-ump# in america is nearer to 22%-24% --- wow!
It's a good thing they only base the unemployement numbers on the number of people collecting a benefit that is only available for a limited time. If they based it on something more permanent, think how scary the numbers would be.
I'm one of the 'not in workforce', and I love it! I wouldn't go back to work if they paid me!
You must be black
I wish!
Then I could get the NAACP to gets me sum does gubmint checks!
And dat gubmint cheese... luvs me some gubmint cheese! Dats nacho cheese! Dat be MY cheese!
Nope, I have white man's disease.
/dup
The government is supposed to not work today. Why does it annonce the job number anyway?
This one is very manipulative.
So it will have a dampened effect on monday's market? Doesn't matter, the stuff is going to hit the fan when Israel and Iran start fighting.
All you needed to know to see this coming was the size of the seasonal adjustment vs the size of the unemployment number. When the adjustment is many times the actual number it means seasonal effects dominate the employment calculation and any change in seasonal effects is going to have a massive effect on employment numbers. The fact that those effects may make things look more favorable in some months is as predictable as it making them look bad in others.
Coincidentally, this number comes exactly 7 months prior to election day, the day the United States of America will officially become the Ugly Slaves of Amitterica when Mitt Romney is elected president.
These NFP numbers are a ghastly reminder of where we've been and where we're going.
Never mind that the Mittster has horrible numbers among women voters, their votes will simply not be counted.
The choices we face are either a welfare state with Oblahblah, or a warfare state with Mittronic, and, since Republicans have and will continue to run and ruin everything since JFK was aced, the Republicans will win in November, thanks mostly to Diebold and the ignorance of the US populace (yes, some numbskulls will actually vote for the 2nd coming of AH).
I think this is just a precursor to some very ugly months ahead. The stock market will likely crash by late summer, or, at least, we'll have a severe slump heading into November.
$6 gas is not going to happen, but negative jobs data and a possible recession (can you have a recession when you're already in one?) look like good bets.
Republicans are dancing in their shorts with every piece of bad economic news that comes out.
If Romney wins in November - by hook or by crook - Americans may have about 2-3 months to get their stuff together and get out of Dodge as America's descent into fascism will surely accelerate with Mitt the Shit as Prez.
This is some serious stuff and I'm looking at either Malaysia or Uruguay as safe haven locales.
Good luck to all because even your gold and silver won't help you in a full blown police state.
I'm a Republican and I'm not dancing in my shorts with every bad piece of economic news that comes out. I do, however, have high expectations that when the government spends Trillions of our tax dollars (and our childrens tax dollars) that they have SOMETHING to show for it. Romney is the lesser of two evils by a long shot. Obama and the current Democrats have shown complete inepititude on what is required to spark a recovery. Bush may have driven the bus in to the ditch but Obama lit a match and burned the damn thing down to it's frame. Amazing that there are some that still support him. And America yawned.
Agenda 21's depopulation will help to fix this.
I've been laid off, foreclosed upon and kicked out. Now I'm walking down the road to recovery with millions of other hungry on past the bullet proof DHS check point facilities and wonderin just where those banksters are a livin.
Civ Labor Force Levels FALLS: -164K
Employment Level GROWS: +31K
Unemployment Level FALLS: -133k
Not in Labor Force GROWS: +303k
Twice as many are no longer counted (Not in Labor Force) as are lost (Civ Labor Force)...
Funny how thats a positive for the gubment..
Keep stackin'
Timing is everything. How long did they plan ahead to announce todays employment numbers and the revisions for the last two weeks-- on a Friday the markets are closed of course.
Bernanke will do the right thing and implement a massive QE. Another recession is not acceptable. The (sh)eople will tolerate slow inflation of basic needs items. They will not tolerate the shock of deflation. Slow constant inflation is the key. They will learn to live within their means. Serfs should never have been allowed to live like lords. We need to slowly bring them back to ground. It is the rate of the decline of this false high living standard that needs to be controlled. Control the rate such that deltas are outside the window of the short term perception of the drugged slave orcs and all will be well. Bernanke and his predecessors have been doing a wonderful job at this. I just hope they ignore the bleating animals and remain disciplined. This news of decline should be bulllish for stocks.
Yes, after 2008 we entered Ben's version of the Twilight Zone.
Welcome. Little Ben woke up to a world where the normal rules of free markets do not apply. I'm Rod serling and this is... The Twilight Zone