Labor Force Participation Rate Drops To Fresh 25 Year Low, Adjusted Unemployment Rate At 11.7%
Personally, I The Turd nails it:
if you do say yourself. 😉
Cheerleaders with No Brains or Competence of course focussing on the “plunge” in unemployment rate…..
I have been a member of ZH for 26 weeks(and it feels forever) I wonder how people who unemployment benefits for their 80th month feel about it? Don’t they feel it’s their right to have it and that it does not matter if they work again or not?
3.91million have moved to Canada or Costa Rica, they don’t count anymore.
those -income households aren’t necessary anymore because inflation is low and wage growth high…
And what about those Mexican “tourists” that comming into the US?
NILF (not seasonally adjusted) Nov 2010 to Dec 2010 increased over 700,000.
Dec 2009 to Dec 2010 1.5 million.
Dec 2000 to Dec 2010 15.1 million.
This signals a long term job degradation.
How long with the spin and lies continue until reality and the truth sets in?
Until Osama Bin Laden is captured.
Did you say until Obama Sin Lying is captured?
That day will when the Fed is forced to admit it is the Thin Blue Line separating us from collapse. There is no chance the Fed is about to abandon ZIRP and QE.
Spin and Lies is a market product, if there was no market(ie. no people willing to listen and belive it) there would be no Spin and Lies
Plug and Shug!
Tyler- Please refrain from posting the truth. It hurts.
BEnron Shalom Israel Bernank
you;re best … thanks
Extend and pretend! 😉
dont tell anybody or they gonna you…
you talk you work for OSAMA B.
dont tell anybody or they gonna you…
you talk you work for OSAMA B.
“Maybe someone can ask Bernanke during his imminent presentation before Congress what happened to the unemployed population, which would have been 18.4 million if this labor force delta was incorporated, resulting in an unemployment rate of 11.7%.”
What do you this is? A democracy??!!!
With , breathing, awake elected representatives???!!!
Hysterical Historical chart, straight from da fed…if you can believe it.
The “truth” doesn’t matter.The only that matters is how the traders react to the news, whether it is “fake” or not.If traders buy the bad news, then the market is healthy.Otherwise, why would KB Home be up 6% pre-market?Why would MGM, LVS, and WYNN be up pre-market?Why is IWM up pre-market?The guys at Fidelity, Janus, TIAA-CREF, etc. are a lot smarter than me. I’ll follow those guys rather than to out guess the big money.
The only that matters is how ‘traders’ are unethical and corrupt enough to play this game that screws . The market is a sham and bankster paper is flying everywhere.
PM’s…because you’re gonna need them. BTFD.
Because the market gets a weekly $10 Billion + cash injection from the fed? It’s as faux a market as possible….but as long as traders are making bank I guess it doesn’t matter.
OK, why? Do fundamentals matter anymore? Are there any “investors” left? Is “trading” the only game? Not everyone has the time, or inclination, to stare at a desk full of monitors all day to follow the herd, then punch out. When free markets return, if ever, then investors return. All clear to resume trading, Robot.
Bang on correct . Most important lesson I took away from 2010 :
Data means shit all with regard to markets . It’s trader’s reaction to the data that determines price action , and unfortunately that reaction is often irrational and myopic .
Stop the F’ing presses! Robot! Are you implying the data is fake? Because if that’s what you are infering then you’re part of the lie.
On that note, buying the effing dip is …. dead!
“The guys at Fidelity, Janus, TIAA-CREF, etc. are a lot smarter than me. I’ll follow those guys rather than to out guess the big money.”
I agree to trade you need to follow price action instead of to project future events which is a difficult objective to achieve consistently. However, fund managers are measured on their performance relative to their respective benchmarks. in essence we have everyone following each other regardless of fundamentals because the pack seems to be in a certain direction. As for them being smart I do not recall receiving a call from Fidelity in 2008 to not purchase any mutual funds they were headed for a nasty fall. Robo you be a good trader but your logic or lack thereof will cause you to be a victim of your own “blowtorched” and “bludgeoned” verbiage day.
ZH is not a daytrading forum.
Why in the FVCK are you here?
Robotrader & Smailes were kicked off of Yahoo Finance for being too shallow.
Harry Wang is here because his urinal cake company failed.
Harry is not a real person (imo). at what he says. He is a swizzle stick used to stir the pot and produce sticky eyeballs for ZH. Sticky eyeballs generate ad revenue. Why do you ZH refuses to give us an ignore feature? Harry and Robo would vanish if there was an ignore feature.
Robo, The problem with that theory is that eventually it comes to an end. Unfortunately in the interim time innocent people are aggrieved.
when does running a big amount of money equal smarts?
Sad but true. There is no end to the lies and deception they will pull to . When the elite worry about unemployment or inflation they simply change the it is calculated. Nothing cooking the books from Enron to government agencies. People are too stupid to call them out.
We are in alternate realities. The market has taken a life competely on its own, defying any logic or common sense. It is disconnected from fundamentals which do not matter anymore. Do you fundamentals mean to HFT computers that are 40-70% of the volume?
If you are to consider the market you have to ask yourself a question:
Do I want to be rich or be right?
in 2000, or 2008?
Fundamentals take over the distortion, my friend, stay thirsty.
(After the crash, we’ll all hear tall tales of how Robo & Wang exited hours before the meltdown began, and short with leverage – those geniuses)
They are in the foodstamp line……and to our New Census said we grew….hmmm…. lots of people existing on air…….
AIG up 3% … maybe 4% today. AIG the new gold … Lol’
Only $1,500.00 to for those who bought in 2008 to break even!
Fools. They should have seen the credit bustup coming …
Thats what’s great about buying at $51. The guys bruce berkowitz are smart buying low.
Soylent Green is…
…Made from the unemployed or underemployed
Can’t wait to read Rosie’s comments…
Actually, he’ll probably be gentle, as he too of a gentleman to BITCHSLAP THE SYCOPHANTS!
we don’t count(.)
and everybody can’t count they are in the clear 🙂
And the con continues, but what is sickening is that they are REAL people who are suffering from this, they are not imaginary fake numbers
Black friday shopping
UE is the big turd in the Bernaks and Obuma Punch bowl..getting harder and harder to drink the coolaid from it..socialists created today’s detroit and that seems to be this countries future…we are truly watching the bow sinking fast on the USS America.
while the football playoffs are broadcast in the main salon deck A.
I’m sure Steve (Fed shoeshineboy) LIESman will bring those facts to the forefront.
Was Jon Hilsebrath fired?
All is plusgood. Rumors are flying about a new and improved iPhone! And for those non-deciples of the Man from Antares there is the new 4G. See, everything is to be plusplusgood.
Attention, Attention, this message from Miniplenty, new job creation is up 120%!
Unemployment extentions bitchez.
upticked in December when some of the extended participants not looking for work panicked and thought they cut off from funemployment.
Obama fixed that by extending the Bush Tax Cuts in exchange for a year more vacation for those collecting. It was only fair, they deserve the 99 weeks too!
In any regards, that .4% drop is the unemployed over 26 weeks and under 99 weeks quietly back to their bi-weekly payments till they expire before looking for work and nicely out of the labor force for the President.
Gold is doing this week.
Tip – BTFD.
I bet the market tanks while Bernake speaks…… to let him we ……
Timmay Turbo & Ben Stealin’ Bernank prepped Steve Liesman, a flacid Wagyu Cow, massages & warm beer, before slaughter, for this type of moment.
And with todays news of future unemployed buy highly trained military personnel, will only “more interesting”. Talk about short term , who was the genius who decided to transfer trained killers into the unemployment line?
Don’t but we should sure they housing in NYC and D.C.
they are as close to the people that screwed them as possible.