Once again our ‘investors’ seem to be stricken with ‘irrational exuberance’. The Dow is up over 100 points on news that the number of ‘new claims’ for unemployment dropped for the fifth week running.
So the logic goes, fewer lay-offs means the sky high unemployment rate will drop…the fact that people have been unemployed for almost two years and are finally exhausting their claims has nothing to do with this tragic misinterpretation of the data.
Using this same logic, what would the number of new claims dropping under 10,000 tell us? Nothing because it is impossible? (under the current system) or that there’s no way to know because social cohesion would collapse long before that happens…
Naturally it is not the first time the markets have made a big deal out of a largely meaningless statistic.
There is absolutely NO correlation between fewer lay-offs and more jobs.
None!
So why do some of the smartest people the world has ever known keep feeding us bullshit?
The housing market can best be summed up in one (albeit compound) word, over-built, yet we continue to get THIS tripe!
The consistent decline indicates that companies are laying off fewer workers and that hiring is picking up. When applications drop consistently below 375,000, it usually signals that hiring is strong enough to lower the unemployment rate.
In January, the economy added a net 243,000 jobs, the most in nine months. And the unemployment rate dropped for the fifth-straight month, to 8.3 percent. The economy has added an average of 201,000 jobs a month for the last three months. [snip]
Construction began work on 508,000 single-family homes last month, a 1 percent drop from December and the first decline in four months. A big rise in volatile apartment construction helped offset the decline in single-family homes.
Still, the number of December single-family homes was revised up strongly to show builders started 513,000 homes, a 12 percent gain from November.
Once again we are compelled to ask ourselves are they STUPID or do they simply think we are?
It’s one of the two good citizen and I highly doubt they think it's them, so…
This brings us where, good citizen?
It brings us right back to a place you must be getting awfully sick of returning to.
It returns us to the ‘what are you gonna do about it’ spot, doesn’t it?
Well, what are you gonna do about it? Same thing you always do, I suppose, nuthin’
It’s just another ‘stick in your craw…' well, don’t look now boys and girls but it’s starting to look like a fucking forest in there!
You’d better do something about it quick or ‘somebody’ is gonna start tossing matches around in there!
Don’t want your craw catching on fire now, do ya?
If it was ‘generally right’ or only ‘kind of optimistic’, you could afford to let it slide but these are whoppers that downright dare you to call ‘em on it…and you don’t.
Every week it’s the same bullshit.
I guess the old conservative formula makes it necessary, ‘keep repeating until true’
The worrisome part here good citizen is IF they keep telling us the economy is improving (when we know for a fact it is not) then most of us won’t be prepared when it collapses.
Now I ask you good citizen, who ‘wins’ in that situation?
It sure as hell won’t be YOU!
WHEN the economy collapses a LOT of shit is going to be ‘abandoned in place’
Worse, the already corrupt beyond belief justice is ALREADY foreclosing on properties the owners HAVEN’T defaulted on!
The (guess who?) corporate owned media is treating this as a minor ‘boo-boo’, the sort of ‘mistake’ that could happen to anybody but there have been dozens of incidents!
Who is going to protect YOUR rights when the ‘new sheriff in town’ is on Blackwater’s payroll?
Well, you can already see where this is headed, it’s headed towards the big show-down out in the parking lot.
The one where the tough will be sorted out from the wannabes and the name of the game is, once again, winner take all (yeah, that includes yours!)
If you’ve got a problem with this arrangement, one of jug-head’s boys will give you a bullet in the vitals…and the problem goes away!
There’s only one word to describe what’s coming and that word is ‘grim’.
If you intend to come out of this with your hyde, you have to be the grimmest bastard on the face of the planet…
Now,like that cutesy cough drop commercial, let me see you ‘war face’!
Thanks for letting me inside your head,
Gegner
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