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We will never have any change when you have people like Debtpie use all their mental powers and then come to the conclusion that they will vote for Obama

I vote for the candidates we have...not the ones I wish we had.

Paul, Gary or "write in" are not going to win this election..I accept that...so now it is my job to cast one vote for someone that I think will be the best shot at getting something I want.

For many things that I want (or should I say "don't want"), Romney/Obama; it does not matter.

But, so far, I have not had to bury any of our enlisted family members...others in my circle have not been so lucky.

When you contrast Mittens and Obama on their views of the Military, they are night and day.

It was not Obama that had someone on his stage telling us about "American Exceptionalism" that, to date, with Republicans in charge, has been spread at the point of a gun.

I will vote for Obama today; and work for better choices tomorrow.

PS> Who does "all of your mental power" tell you to vote for and why? Oh, and please don't name someone that doesn't have a chance in hell of winning this cycle..It's going to be Romney or Obama; deal with it.

Degaston, here is a quarterly chart. Close to what you are looking I think for and the data paint a more optimistic picture than I thought it would.

http://research.stlouisfed.org/fred2/ser....

If that is not what you want, maybe something there is. That bank specializes in publishing data.

http://finance.yahoo.com/blogs/breakout/....

Looks like Jeff Macke figured it out.

After four ****ing years of this **** why can't anyone else figure it out?

jubber wrote..

I just don;t get it, the worst participation rate in 30 years and the market still rallies!, so what if they QE, whatever that will be, how the fxxk is this bullish?

You don't get it do you? This bastard is inflating our money by giving it to the bankers for nothing. Give me a trillion for nothing and I bet I can make some money. If I fail, they have to bail me out, meaning QE4. They are looting us, laughing at us and telling us mighty mouse is on his way to save the day. May they all go to hell and burn forever.

Diluting the scotch as you so elegantly pointed out. The fed will never sell those assets on its balance sheet, they will just slowly disappear under a TARP so to speak.

Themortgagedude wrote..

Obama will start another war at the drop of a hat if he's told to by his handlers.

You can stick a fork in the 'Bamster, he's done. One reason, the PTB don't want him in when the next war starts. I expect to hear the drums start well before Mittens is sworn in. Target Iran, of course.

Trying to stay on top of one country full of nuke-armed ragheads -- that unlike Iran is a nominal ally; Pakistan that is -- has been a lot dicier than has been let on methinks. No definitely, they gotta go after the Persians. The fact that the war will be timely in favor of distracting the electorate from the deepening of the depression may be icing on top -- likely to be thin-thin-thin however. It'll be big -- bloodier for us than the Iraq War, I fear -- but it won't be a world war.

Unless, that is, the Persians can already hit Europe...

We bomb Iran we might as well killem all. Every last towel head including wimmenz and yungens.

I say we just nuke Europe ourselves before the Iranians even get a chance. Just to **** with their heads. France at the very least. Then we nuke Israel. Like Cleavon Little in Blazing Saddles. "Next man makes a move, Washington DC gets it".

The sound bite today on the radio was "8.1%."

Obviously, no one can handle more than that. They're truly skilled if they understand anything behind the "point."

Starting to think that Business Insider is a bit on the liberal side and definitely on the side of Wall Street

http://www.businessinsider.com/jobs-data....

how is using pop growth percentages different from
debt growth percentages like is often mentioned
on this blog through med insurance and other such.

Well, user "Dbongo" seems to think this employment report was "quite good." Wish he would chime in here for some debate so I could better understand what the heck is going on...

mannfm11 wrote..

This bastard is inflating our money by giving it to the bankers for nothing.

I beg your pardon. Its not "this bastard" that's been doing this, its the FedReserve.

Its been going on for a long, long time. The FedReserve is owned by the banks, and they have effectively instituted a coup circa 1999 when Glass-Stegal was rewritten.

Heh...what's really interesting is that the unemployment report lies are not working anymore. The truth is getting out there all over the place.

Paging Ben Bernanke. Will Mr. Bernanke please pick up the white courtesy phone?

Bernanke needs to go on a terrorist airplane mission. He don't even need to know how to land. Think he can land this helicopter? This is a snowball he has amassed and if he has to reverse it, the whole damn system will implode. If he don't reverse it, the whole damn system will implode. This week's Doug Noland is worth a read again. He says we have reached 1929 all over again. That Draghi must be giddy after blowing out all the short positions in Europe and that he will only find out too late that blowing out that side of the market will have destroyed the balance it provides the market and we will have one more systematic nightmare on our hands soon. There are books that describe how these very policies caused the Great Depression and these idiots are employing them as the solutions. Yeah, the drunk went into DT's when he ran out of whiskey, but in preventing DT's with whiskey, it was eventually necessary to drown him. One look at Japan should be BOLDFACED EVIDENCE WE ARE WATCHING CRIMINALS OR IDIOTS IN CHARGE OF OUR CENTRAL BANKS!

http://www.prudentbear.com/index.php/cre....

"Starting to think that Business Insider is a bit on the liberal side and definitely on the side of Wall Street"

Why would anyone read something that starts off by saying the BLS must be staffed with republicans?

BI is so left their editors have two left hands.

Government statisticians can massage the data but they are not taking into account the experiences of the populace who are looking at what is happening to their own friends and family in the labor market and saying "bull****". If you know people (or are people) whose grown children have had to come back and live with them because they lost their jobs and then their houses, well, it's hard to swallow the government propaganda Koolaid that everything is getting better.

The coming big food price increases are going to hit the fixed-income folk very hard. Fixed income can mean social security, retirement pensions, or people like me who haven't had raises in several years as well as, I imagine, the folks getting the EBT cards (I don't know how that works, sorry). These price increases will come regardless of who is in Washington.

My fellow livestock producers are liquidating their herds (and flocks) because the feed prices are increasing weekly with no end in sight. The carrying costs for livestock producers just to keep breeding stock through the winter are too high for marginal producers (small livestock operations) already struggling to make ends meet.

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I just don;t get it, the worst participation rate in 30 years and the market still rallies!, so what if they QE, whatever that will be, how the fxxk is this bullish?

It's not humans that are bullish, it's computers.

The near failure of Knight exposed something critical; the HFT computers were trading with (at least) 7 to 1 leverage backed by (nearly) nothing.

That one company was at 7 to 1, what about all the others; What's their leverage?

It also tells us that no one cares how levered up these trading houses become...

It's computers trading against computers...and currently...the computers are bullish based upon past results...

Think of 50 people buying stocks.

Everyone makes money at 2:1 leverage.

Everyone goes to 3:1, we all make money again.

repeat to infinity...we all make (digital) money forever..well at least until something unseen changes the game...and one (or more) computers decide to exchange that digital cash for real cash.

Those Jobless Numbers Are Even Worse Than They Look
By MORTIMER ZUCKERMAN

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Don't be fooled by the headline unemployment number of 8.1% announced on Friday. The reason the number dropped to 8.1% from 8.3% in July was not because more jobs were created, but because more people quit looking for work.

The number for August reflects only people who have actively applied for a job in the past four weeks, either by interview or by filling an application form. But when the average period of unemployment is nearly 40 weeks, it is unrealistic to expect everyone who needs a job to keep seeking work consistently for months on end. You don't have to be lazy to recoil from the heartbreaking futility of knocking, week after week, on closed doors.

How many people are out of work but not counted as unemployed because they hadn't sought work in the past four weeks? Eight million. This is the sort of distressing number that turns up when you look beyond the headline number.

Here's another one: 96,000—that's how many new jobs were added last month, well short of the anemic 125,000 predicted by analysts, and dramatically less than the (still paltry) 139,000 the economy had been averaging in 2012.

The alarming numbers proliferate the deeper you look: 40.7% of the people counted as unemployed have been out of work for 27 weeks or more—that's 5.2 million "long-term" unemployed. Fewer Americans are at work today than in April 2000, even though the population since then has grown by 31 million.

We are still almost five million payrolls shy of where we were at the end of 2007, when the recession began. Think about that when you hear the Obama administration's talk of an economic recovery.

The key indicator of our employment health, in all the statistics, is what the government calls U-6. This is the number who have applied for work in the past six months and includes people who are involuntary part-time workers—government-speak for those individuals whose jobs have been cut back to two or three days a week.

They are working part-time only because they've been unable to find full-time work. This involuntary army of what's called "underutilized labor" has been hovering for months at about 15% of the workforce. Include the eight million who have simply given up looking, and the real unemployment rate is closer to 19%...

more: http://online.wsj.com/article/SB10000872....

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1.483 million people gave up and exited the workforce

Where does this number come from?

edit - ah, now I see.

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1.483 million people gave up and exited the workforce

>>1.483 million people - figured out that it's better not to work - and exited the workforce.<<

Ok, not all of them...but I'll bet a bunch.

Don't underestimate health care in all of this...if you take some benefit-less job...you risk losing Medicaid...you are screwed.

Local news went out and did the "Are you better off than 4 years ago" story. It didn't take me long to see a pattern:

Under 30: Yes, I'm better off...I have a good job, I'm getting promotions, I'm making more, etc.

Over 40: No, I'm worse off...I can't find a job (that pays what I was making), I'm underwater in my house, my retirement looks bleak, health bills are bankrupting me, etc.

Tell me there's no age discrimination in the workforce...The under 30 are "better off" because they have the jobs of the over 40 who have been tossed to the curb; taking their bad health, 5 weeks of vacation and fat paychecks with them.

I believe the statistics show the 20-40 somethings are the ones who are worse off, Debtpie.

The only thing the 20 somethings got from Obama was extended childhood.

wouldn't you like to have some of that stuff debt is smoking?