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Yet Another "2011 Deja Vu" Indicator
We have been pounding the table that 2012 will be a replica of 2011 since before January 1: after all the central planners' script book has only so many pages. Sure enough, here is yet another indicator. Job gains remain anchored in the low cost labor sectors of the economy - retail, temporary, leisure, and hospitality - a pattern, as Bloomberg Brief points out, that has characterized growth during the current expansion. While this growth in jobs may optically appeal to many, it leaves a 2.9% spending growth pace unsustainable especially as we see, in the three charts below, a growing sense of deja vu in the labor market overall. Between a Spring-time swoon in non-farm payrolls, a cyclical crunch in service sector hirings, and a mirror-image trough and deterioration in initial claims, 2012 appears to be heading towards the same pattern of central-bank disappointment as the last three years of this nominal recovery. Same Deja Vu... Different year.
NFP is echoing 2011's dismal deterioration post-Bernanke...
and Service sector hiring appears to be fading once again - third year in a row...
and initial claims are getting that glitch-in-the-matrix feeling too...
which leaves us muddling along the bottom in terms of real potential growth (with average hourly earnings deteriorating once again)...
Charts: Bloomberg
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The ebb and flow of the B.S....its the Shit tides.
It's deja vu all over again - Yoji Berra
I'm having a weird deja vu
The way that the markets just grew
Q1 they recover
Until we discover
The markets are still steaming poo
It is kinda hard to have hyperinflation when the people's paychecks are shrinking. Deflation and depression bitchez!
And PM's?
If you're gonna try to shit those, start out with a 1/10oz round and see how your "ebb and flow" are before moving onto something with corners.
Krugerrands dont feel so bad.
http://www.youtube.com/watch?v=Pvm-n6gwPCY
More banker bonuses can fix this!
A one-time bonus of rectal lead poisoning would at least give us new assholes to complain about.
Hotels are booking. People are travelling. Buy PCLN. Earnings in 2 days. You do not need to short everything.
Government charts having absolutely no credibility makes it awefully difficult to assertain anthing from them other than it appears the administration is running out of lies.
The election will be about the economy whether the dad gum Republicans or Democrats want it to be or not. If the Fed's hands are not tied and they do announce another QE prior to the election standing up there pointing fingers isn't going to cut it.
BTW ... more of the same is not change you can believe in.
Your comments are true unless they decide to throw in a little false flag and a war for a distraction. Then all bets are off.
The destruction of the American Middle Class is almost complete.....(picture Ben and Tiny Tim in a dark room laughing)
wait till productivity falls .. and THAT causes inflation. That's when the devil comes for the soul it bought when we made the deal with it to print money from nothing. h/t Goete .. Faust
ES playing "wake up and kiss the sky" to unch at 9.29am.
Post-election overnight shorts need to reconsider positions immediately.
Ah quit your belly aching.The banksters have declared war. They have outlined killing 25 million during the roundup and detainment of intellectuals and general dissidents. They've taken over the financial markets and armed the brownshirts or DHS, TSA whatever you call them. They own the markets. All of them. And the TV and newspapers and the Federal Gov't. And the military at the top. And they've set up white guys as patsies. And now they're coming after whitey, his wife and kids.
Not to worry. BTFD.
As people lower their expectations..and they will....they will accept a lower pay job....and the lower standard of living will be the standard in the USA...in the long term it will make us more competitive in the world....short term pain..and lower GDP...
As markets decline - according to the Elliott Wave Principle - the integrity of our systems will decline too.
In other words, lying will be the norm. So question everything folks.
The Dow is prime for wave 3 down - which may have already started.
http://bullandbearmash.com/index/djia/hourly/
"2012 appears to be heading towards the same pattern of central-bank disappointment as the last three years of this nominal recovery"
Can it really be so simple? 2012 = just a repeat of 2011, 2010? Won't this pattern recognition fail when the majority trades it?
Becky Quick should have a new show that airs only Buffett, Munger and Gates called "Lying With The Oldies" or "Propaganda With The Stars."
http://www.youtube.com/watch?v=Xe1a1wHxTyo
Bathing With Gramps
I hear she wants more blunt tool.
This is good news for all !
A Shitty Spring leads to "Recovery Summer " !
I'd look for a job, but re-entering the work force may screw up the number.
Can you imagine ? If every one of the "out of work" and not looking (yeah you drop-outs know who you are) went down and registered with the State Job Service, and all the old bastards (like me) who are now retired did the same.
Rock the BLS ! Apply today !
European voters choose to go for the Blue pill...what a shame. They had a chance to man-up and take the red pill, they could've taken the godawful medecine & perhaps had some slim chance of survivng. Instead they went for the blue pill and will carry on in blissful ignorance whilst they (and their grandchildren) drown in their own vomit of debt.
And if the twits in the UK do the same, choosing to go back to Labour and their keynesian nonsense....and if the Americans opt for another 4 years of Obama Socialism...what will the world look like in 2014 or 2016?
I am genuinely scared.
Shit what choice did they have? A banker shill up against another banker shill. There won't be any change until they storm the Bastille, then they will end up with a dictatorship. Until people learn that governments are evil by nature we will repeat this nonsense.
Sence its a Big Election year 2011 and 2012 wont have the same pattern
The best part is on it's way. Some killer inflation is coming.
Airlines already ramping price big time this summer. The prices of food and other items skyrocking.
WTF: anyone talking about how the market got super pumped up early this morning and at the opening? It was like water being poured into a cup to float leaking equities from sinking.
Futures were way down all weekend and last night over a point for each of the markets (dow/nasdaq/sp), then shot up until the past few hours before market opened.
Marketwatch blasted the headline: "Investors mildly bearish..." WTF? Is this manipulated or what?
Shorts getting killed this morning.
Markets should be down easily at least 1 point, not some .25% and going positive on what news?
so, today the markets will end up all green and happy ?
Rents soar as foreclosure victims, young workers seek housing
http://t.co/PwsOY7os
In some markets, it is actually cheaper to buy than rent! #lol
Let me get this straight. This time it's different, but the same as the last time it was going to be different?