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| Claims: 365,000 in forum [Market-Ticker]
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Rjazz117
Posts: 17801
Incept: 2007-09-11
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I'm sure it's just "seasonal adjustments" again.
Why?
Because every season is unemployment season nowadays.
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 “To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.” Thomas Jefferson |
Captainkidd
Posts: 594
Incept: 2010-05-25
Pasadena, Texas
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A lawyer with a briefcase can steal more than a thousand men with guns. --Mario Puzo
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. -- Henry Ford
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Tesla
Posts: 15543
Incept: 2008-04-03
State of Disbelief
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I just heard from a friend yesterday whom I've not spoken to in about a year. His family is so desperate for a job that they have just about sold everything they own (which is not a whole lot) and they are heading to North Dakota to find a job. Gotta love the Bush/Obama economy...
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"Even a dog knows the difference between being stumbled over and being kicked." -Justice Oliver Wendell Holmes
"Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." -Samuel Adams
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Dbcooper
Posts: 7755
Incept: 2009-05-12
PNW
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I know many would say that i am a jerk saying this is great,but i wish things to crash and burn tbh.
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"The rules were simple: Never pay in cash, never tell the truth and never play by the rules"
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Gen_maximus57
Posts: 4580
Incept: 2007-09-03
Tampa
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Roll off unemployment and roll on to SSDI, it's the new way!
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End_the_bubbles
Posts: 9523
Incept: 2009-03-25
The New 3rd World
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I doubt we'll get a legitimate number tomorrow and all today's losses will be tomorrow's gains in this rigged fake bull**** "market".......
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In the long run even the most despotic governments with all their brutality and cruelty are no match for ideas. Eventually the ideology that has won the support of the majority will prevail and cut the ground from under the tyrant's feet and rise in rebellion to overthrow their masters.
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Zzt
Posts: 3038
Incept: 2007-06-26
Glendale az
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............and judging by todays market action , the NFP tomorrow ( number leaked to a chosen few ) will suck donkey balls.
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Oldno7
Posts: 2141
Incept: 2008-11-14
RECALL STATE USA
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What we really need is more regulation so nobody can run a business and make a profit. California seems to be the leader in this regard but Illinois is coming on strong.
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IT'S THE SPENDING STUPID The US must become less a government of men, and more a government of LAW.
When people lose everything and have nothing left to lose they lose it -Gerald Celente
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Mannfm11
Posts: 3551
Incept: 2009-02-28
DFW, Tx
Online
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Tesla, you are giving the politicians too much credit. There was more done in the Clinton administration to create this mess with his henchmen Robert Rubin and Larry Summers than could be fixed. Throw in Greenspan and we had a series of imploding bubbles. In truth, the housing bubble looked like a foam bubble compared to a transocean hot air balloon when compared to the 1999/2000 Nasdaq.
Politicians almost NEVER do things correctly. We are in this mess due to a series of moves over the past 100 years. I just saw an article lobbying for a $10 an hour minimum wage. I know it is hard to live on under $10 an hour, but it is even harder to live on zero, which is the true minimum wage. Look for unemployment to go to 12%.
The one difference between the stock bubble and the housing bubble was the actual debt tied into it. But, the housing bubble was manufactured by the Clinton administration and allowed to run under Bush, but mainly due to a deflationary drop in interest rates, setting in motion a speculative bubble. Politicians never turn down free money. Housing started breaking records in 1997 and every year after until 2005 or so. I fully expected the economy to collapse in 2000. They pulled another stick save. There is nothing left this time but to keep putting money into the system to loot.
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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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