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You'd Think The New York Fed Can At Least Afford Error Checkers

Tyler Durden's picture




 

It may be time to scrap this morning's Empire Fed Data, because if the Average Employee Workweek data is wrong, which it glaringly is, then who knows what else is totally mistaken in the report.

From the just released Empire Fed report, spot the error:

 

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Thu, 09/15/2011 - 08:47 | 1672667 Careless Whisper
Careless Whisper's picture

The Careless Whisper Morning Report

 

SAC Cleared From $8 Billion Lawsuit

http://www.greenwichtime.com/news/article/Cohen-SAC-are-dismissed-from-8...

Trader Arrested In London For Losing Alot Of Money

http://www.guardian.co.uk/business/2011/sep/15/ubs-rogue-trader-man-arre...

Pic Of The Day: Perry And Trump In Back Of Limo

http://www.nypost.com/p/news/local/perry_trump_card_bUmqePDFl3O6Oivg4MopOI

Apple Pulls "Jew Or Not A Jew" App In France

http://www.cbsnews.com/stories/2011/09/14/scitech/main20106262.shtml

Florida Judge: Doctors Can Ask Patients About Guns And Enter Info In Database

http://www.sun-sentinel.com/os-court-tosses-new-gun-law-20110914,0,57579...

German Court Overrules Trademark Office: F-Word can Be Trademarked For "Ficken Schnapps"

http://www.spiegel.de/international/zeitgeist/0,1518,786190,00.html

One Minute Of Vintage Ron Paul - Unplugged (1998):

http://www.youtube.com/watch?v=wZrXt7Z1ZmU

 

 

Thu, 09/15/2011 - 08:55 | 1672701 Theta_Burn
Theta_Burn's picture

Jew or not a Jew app...lol, thats funny, I thought Adam Sandler cleared that up... http://www.youtube.com/watch?v=zigPOkCytoU

 

Thu, 09/15/2011 - 08:47 | 1672668 EscapeKey
EscapeKey's picture

Cut and paste. Never do that as a professional programmer.

Thu, 09/15/2011 - 08:49 | 1672670 Biggvs
Biggvs's picture

The Fed can hire as many error checkers as they want, but they'll never be able to keep up.

Thu, 09/15/2011 - 09:31 | 1672922 Fish Gone Bad
Fish Gone Bad's picture

SAT reading scores are down.  Oh wait, those were numbers.  Maybe the problem is worse than the SAT scores lead us to believe.

Thu, 09/15/2011 - 08:48 | 1672671 Xibalba
Xibalba's picture

GOLD is getting bombed....stocks are up, that's all they care about

Thu, 09/15/2011 - 08:49 | 1672676 hungarianboy
hungarianboy's picture

yeps.

Even sprott is going into papers instead of physical.

Thu, 09/15/2011 - 08:52 | 1672693 taraxias
taraxias's picture

Troll Alert

Thu, 09/15/2011 - 08:54 | 1672698 EscapeKey
EscapeKey's picture

So, you're the new anti-gold flavour of the week?

Is this your first assignment with the "advertising agency"? Do they pay well? How many alt egos have you had previously on this board?

Or are you just another garden-variety Keynesian economics student, with zero understanding of monetary history?

Thu, 09/15/2011 - 09:37 | 1672957 tmosley
tmosley's picture

Ever notice how no matter what Sprott does, it is evil and bad for gold and silver bugs?

Thu, 09/15/2011 - 10:03 | 1673102 spanish inquisition
spanish inquisition's picture

Was thinking about gold. How do you buy on the dip? Make the dip. Sell 1.x paper and stealth buy 1 physical until you get to your dollar cost average of paper purchases. It will be interesting to see changes in soveriegn and fund holdings next period.

Thu, 09/15/2011 - 11:23 | 1673475 CrazyCooter
CrazyCooter's picture

Would be curious about other similar thoughts from others ... but the US Mint sol 1.1M gold eagles in 2011 ...

http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=sales&year=2011

That is roughly 34 tons in total. Given that China blocked gold exports so they could accumulate their 300 tons of domestic production annually, I just don't think that the "private" gold market (APMEX, Gainsville Coins, US Mint, etc) has the supply to meet real demand.

So the "dip" is an opportunity for the small fry to get a little here and there.

Gold price directly correlates to the implosion of fiat money. I think Volker even said so in retrospect regarding the late 70s gold run up (which we aren't even close yet - at the peak in 80 ever M1 dollar in circulation could have been redeemed for gold and there would have been gold left over - this is from a Rickards interview on KWN but not sure exactly which one).

Gold price manipulation is purely about keeping the system going ... and it works until one day it doesn't ...

Regards,

Cooter

Thu, 09/15/2011 - 11:31 | 1673513 sullymandias
sullymandias's picture

Geez, give the guy a break. It was a fuckin story right here on ZH just yesterday!

Thu, 09/15/2011 - 08:50 | 1672684 Oh regional Indian
Oh regional Indian's picture

Hey, if NFP can remain unchanged, why not this? Eh? 

In Gubbermint Statistics land, no lie is too big.

ORI

Thu, 09/15/2011 - 08:52 | 1672694 Aductor
Aductor's picture

Hilarious. Must by the new guy forgetting that while you can copy-paste, it must be done with some time passing between reports.

Thu, 09/15/2011 - 08:54 | 1672702 NetDamage
NetDamage's picture

Deja vu, bitchez! It happens whenever they change something in the Matrix

Thu, 09/15/2011 - 08:55 | 1672704 doomandbloom
doomandbloom's picture

dont expect us americans to spot any error....

Thu, 09/15/2011 - 08:55 | 1672706 CreditcalMass
CreditcalMass's picture

This is the stability the Fed is always talking about, right?

Thu, 09/15/2011 - 08:55 | 1672707 sunnydays
sunnydays's picture

Trader Arrested In London For Losing Alot Of Money

http://www.guardian.co.uk/business/2011/sep/15/ubs-rogue-trader-man-arre...

 

So they arrest a trader that lost money for the bank?  Yet banks lose money all the time for their clients, the banks are not arrested?  Funny how that is, if a trader for a bank loses money then the trader is arrested but how many billions have been lost of other people's money by banks?  How much of tax payers money has been lost by the betting of banks?  What absolute bull shit. 

Thu, 09/15/2011 - 09:39 | 1672972 Hobbleknee
Hobbleknee's picture

Rogue-trader is the new fat-finger.

Thu, 09/15/2011 - 08:57 | 1672709 bania
bania's picture

Statistics brought to you by Jimmy Two Times

Thu, 09/15/2011 - 08:58 | 1672720 DOT
DOT's picture

Co-incidental and , of course, transitory.

Thu, 09/15/2011 - 09:03 | 1672732 McMia
McMia's picture

What does déjà vu in the matrix mean?

Isn't this a bad sign?

....

Thu, 09/15/2011 - 09:04 | 1672739 Zgangsta
Zgangsta's picture

My guess is that the end result (-8.82) is correct, but the flunky who created the report copied and pasted the wrong details.

Thu, 09/15/2011 - 09:05 | 1672742 alfred b.
alfred b.'s picture

...me thinks they've gone metric!

 

 

Thu, 09/15/2011 - 09:19 | 1672837 Byte Me
Byte Me's picture

er

The input data is faulty??

Thu, 09/15/2011 - 09:55 | 1673063 Fascist Dictator
Fascist Dictator's picture

not familiar with these reports but noticed that the New Orders and Shipments numbers for September are exactly the same. is that normal?

Thu, 09/15/2011 - 19:40 | 1675446 phyuckyiu
phyuckyiu's picture

Is cutting and pasting the same numbers from the previous month and hoping nobody notices normal for our present govt? Yes.

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