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| Claims: +335k, Do You Believe In Magic? in forum [Market-Ticker]
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Digitlman
Posts: 331
Incept: 2011-03-04
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In GovWorld, once you apply "seasonally adjusted" to something, it is license to lie and say whatever the **** you want.
See: Claims, Housing Starts, et al.
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Trades50
Posts: 4216
Incept: 2007-10-30
Land of Tax and Spend
Online
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It's all about perception. People want to believe we have recovered. I keep hearing it from the Obama supporters.
"If things were not getting better the stock market wouldn't be so high."
As we know the media keeps stating this. And how raising the debt limit will ensure that the economy will get better.
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When the people fear the government, there is tyranny. When the government fears the people, there is liberty. - Thomas Jefferson
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Maddymax
Posts: 4663
Incept: 2008-02-26
PONZIVILLE
Online
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I bet qe is seasonally adjusted too and is 10 times what has been reported. Market is worse than casino or lottery. They finally got people coming back in enough said you know what is next Vix will go below 10
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Ben's policy will lead to wage deflation and commodity inflation which will lead to the Greatest Depression and Uprising Ever.
Who needs TA we got POMO
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Jkilkelly
Posts: 1629
Incept: 2007-07-20
Mercer Island WA
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what was last years unadjusted figure for this reporting period?
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“They say there are no atheists in a foxhole. Well, there are no libertarians in a financial crisis, either.'' Jeffrey Frankel, Harvard economist
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Trades50
Posts: 4216
Incept: 2007-10-30
Land of Tax and Spend
Online
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The Republicans will fold on raising the debt. Guess we extend and pretend a couple more years.
They play the game until it blows up, however long that takes.
Not a peep from the rating agencies.
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When the people fear the government, there is tyranny. When the government fears the people, there is liberty. - Thomas Jefferson
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Genesis
Posts: 130768
Incept: 2007-06-26
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Jk read the ticker
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Phev
Posts: 440
Incept: 2009-05-17
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Last year sa/nsa was 364,000/525,422 = 69.27 %
This year sa/nsa is 335,000/555,708 = 60.28 %
I also smell a rat there...
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Mckinnemon
Posts: 56
Incept: 2007-12-06
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So none of you guys think that previous economic reports may have been underestimated to get "Bernanke the academic" to do QE4? I wish I knew who, what, where was swindling who, what, where. Let's set a goal of 6.5 unemployment; but we also need 1 million H1Bs and a few million border crossers. Sounds like harmonious goals!
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Jkilkelly
Posts: 1629
Incept: 2007-07-20
Mercer Island WA
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thanks Gen - it would be great if the most transparent administration in our history (joke) would explain the rationale for dramatically changing the seasonal adjustment
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“They say there are no atheists in a foxhole. Well, there are no libertarians in a financial crisis, either.'' Jeffrey Frankel, Harvard economist
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Mannfm11
Posts: 3545
Incept: 2009-02-28
DFW, Tx
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We know the criminals on Wall Street can't be this stupid, so their machines were geared to spread the lies. This administration can't tell the truth and doesn't mind their cronies running games as well. When the tide goes out we will see a lot of naked bodies.
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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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Docj
Posts: 998
Incept: 2009-09-10
Duck & Cover
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King Putt is still in campaign mode - and likely will remain so for the next 4-years.
The lies will continue. The sheeple will buy it, retail. The collapse is baked-in.
When, however, is anyone's guess.
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The preservation of liberty depends upon the intellectual and moral character of the people. As long as knowledge and virtue are diffused generally among the body of a nation it is impossible they should be enslaved. - John Adams
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Dashingdwl
Posts: 9761
Incept: 2007-06-26
los angeles
Online
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I believe in unicorns.
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When you are hard and disciplined, you can be principled. People fear you because they have no leverage against you. It's the truest form of Liberty.
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Ihsmta
Posts: 560
Incept: 2008-04-10
Midwest, USA
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My 21 year old son took a job with an "employment agency" that outsourced him as an apprentice electrician to a EMV manufacturing plant installing diesel generators and AC electrical systems in large fire trucks. He was told he'd work for 90 days before becoming a permanant employee of the EMV company. He was limited to putting in 70 hour weeks which he did regularily. My intuition from the very beginning told me this wasn't going to end well but I supported his move. Then he began to relate the turnover at the plant to me. I knew he was screwed. Last Friday he was "laid off" exactly one week before he had his 90 days in. No benefits, no severance, no unemployment.
I've gotten to meet a lot of blue collar workers my son's age and it's down right depressing. There's a ton of younger people working as contract and temp employees on an intermittent basis under harsh conditions for just above minimum wage.
IMHO even Gen is undershooting the real unemployment/underemployment numbers.
At least Jr has his electrical apprecntice card. Sounds like his next stop is the North Dakota oil fields which I dread. My neighbor works up there 14 days on and 7 days off and sounds like hell.
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"Economists are no different than the prophets of ancient Pompeii who reassured that Mt Vesuvius would never blow. After all, it never had before." Baxter Black, DVM and Cowboy Poet
"You can avoid reality, but you cannot avoid the consequences of avoiding reality." Ayn Rand
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Genesis
Posts: 130768
Incept: 2007-06-26
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It may sound like Hell but it pays like Heaven.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Ihsmta
Posts: 560
Incept: 2008-04-10
Midwest, USA
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Tell that to the widow 2 blocks west of me whose husband was killed by an uninspected boiler that exploded killing him instantly. Left her and 2 kids 10 and 12 years old. She'd trade the insurance money to have him back in an instant.
Neighbor won't go into Williston unarmed or unescorted.
Yes, Gen, the pay is good but still isn't enough.
I'm sure I'll have plenty more to report on ND down the road.
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"Economists are no different than the prophets of ancient Pompeii who reassured that Mt Vesuvius would never blow. After all, it never had before." Baxter Black, DVM and Cowboy Poet
"You can avoid reality, but you cannot avoid the consequences of avoiding reality." Ayn Rand
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Ckaminski
Posts: 1580
Incept: 2011-04-08
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Quote:Tell that to the widow 2 blocks west of me whose husband was killed by an uninspected boiler that exploded killing him instantly. **** that's been happening to wives since men first started getting married. Sad, tragic, but society marches on. :-/ Bet she enjoyed the paycheck prior, though... And is one of the reasons I'm uber paranoid around large machinery. My own father nearly brained me with a backhoe this week loading his screw extruder into long-term storage. Ugh. |
Tesla
Posts: 15542
Incept: 2008-04-03
State of Disbelief
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Ihsmta - the same thing has been happening to the son of a friend of mine. The kid (23) gets a "job" thru a temp agency as a temp-to-permanent situation, works for either 58 or 88 of the promised 60 or 90 days, then gets laid off. His dad at first gave him hell for screwing up and not getting the permanent position, then realized there was a pattern to it.
Minimum wage, no benefits employment.
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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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Nuke_engineer
Posts: 2699
Incept: 2007-08-19
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Better than sitting in a dusty rocky hole in Afghanistan getting shot at but unable to return fire because that would make the strategy of our "Community Organizer in Chief" look bad.....
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Trading and investing is understanding about people, emotions and corruption of government, corporations, banks and people using propaganda, lies, mathematics and bankster logic working against you.
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Harrisonact
Posts: 1754
Incept: 2010-10-04
canada
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Oh I dunno. I'd say I was simply sighting in the Barret and it's too bad that Islamic fellow stepped in front of the bullet.
Hey, 2 second flight time for .416. A lot can happen in 2 seconds.
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bilge
My playbook speaks español. Deal with it. Im too lazy to fix it.
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Ckaminski
Posts: 1580
Incept: 2011-04-08
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Quote:Minimum wage, no benefits employment. UPS and many others have been doing this for decades. My first company laid off our production staff (software shipping) every ten months for two months. It was cheaper to pay the UE than it was to pay bennies. They always hired 'em back on the first of the year. |
Erica712
Posts: 1910
Incept: 2009-03-16
Central FL
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I used to be a recruiter for a staffing agency. Your son can probably claim UE from the staffing agency if they fail to find him another assignment. He is an employee of that company and every week he should contact them, ask for work, and let them know he is ready, willing, and able to work. That was a secret that the staffing agency told us but of course didn't want our temps to know about.
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Ihsmta
Posts: 560
Incept: 2008-04-10
Midwest, USA
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Thanks for the tip, Erica. I'll pass word along.
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"Economists are no different than the prophets of ancient Pompeii who reassured that Mt Vesuvius would never blow. After all, it never had before." Baxter Black, DVM and Cowboy Poet
"You can avoid reality, but you cannot avoid the consequences of avoiding reality." Ayn Rand
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Colk55
Posts: 2423
Incept: 2010-02-11
Indiana
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Yep, that time of year where NSA claims are adjusted downward to a laughable degree.
Claims can go as high or low as they want because there will always be someone filing for unemployment. It doesn't mean squat unless jobs added significantly outpace UE claims and considering how loose the guidelines are for being employed as well as the fact that many jobs are temporary, low hour, low wage jobs, even the number of jobs added is next to meaningless.
Good luck to your son, Ihsmta. These are crappy times to be entering the workforce.
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The politician's motto: If you can't dazzle them with brilliance, baffle them with bull****.
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