Business Summary Links By Day
Drudgereport:
REALLY! 7.8%
Total employment 'highest
one-month jump in 29 years'...
Welch: President manipulating
numbers after (pathetic) debate performance...
BLS economists donate to
Obama campaign?
Rate Plummets to 4.3% -- For
Govt Workers...
Report met with suspicion...
ROMNEY: Rate more like 11%...
Read
more: http://www.businessinsider.com/jack-welch-obama-jobs-report-numbers-romney-2012-10#ixzz28QfCZ67d
JACK
WELCH: Obama Is Manipulating The Jobs Numbers Because His Debate Performance
Was Awful
Business
Insider | Former GE CEO Jack Welch’s reaction to non-farm payrolls adding 114,000 new
jobs in September and the unemployment rate falling to 7.8 percent. Welch:
Obama manipulating numbers after debate performance... { There are some people (and their
assessments) that you might dismiss as light-weight partisans… Jack Welch is not one of
them! Indeed, among the rarest breed historically of exceptional american CEO’s, Welch points to the folly
of preposterously a month before elections, on paltry/pathetic jobs numbers (
election year temp/part-time for manipulating stats along with the nebulous ‘stopped looking’ fudge factor) , following
a disasterous debate showing (of wobama failure and incompetence), the
unemployment rate falls to just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is
tantamount to the obama 100% employment fantasy where literally everyone but
him has stopped looking for work and hence, not counted in compiling the
unemployment rate (and then those jobs in the millions lost and gone forever on
his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE JOBS
NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE
JOBS NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE
SO CHANGE NUMBERS. }
Zero Hedge | We already noted the absolutely stunning
surge in reported Household Survey jobs which “added” 873,000 jobs.
The following is a sampling of skeptical quotes about this jobs report....
Former GE chief Jack Welch
Unbelievable
jobs numbers..these Chicago guys will do anything..can't debate so change
numbers
Chapwood Capital Investment Management
Managing Partner Ed Butowsky
I
feel like I’m watching a movie. There is no way in the world these numbers
are accurate.
Neil Irwin of the Washington Post
"Weird
that payrolls are exactly on forecast but household survey is far better."
Conn Carroll, senior editorial writer
for the Washington Examiner
While
it is highly improbable that BLS conspired to cook the books, there is still a
huge 756,000 job gap between the number of jobs employers told the Labor
Department they created in September (114k), and the number of Americans who
told the labor department that they got new jobs (873k).
U.S. Representative Allen West
I
agree with former GE CEO Jack Welch, Chicago style politics is at work here.
Somehow by manipulation of data we are all of a sudden below 8 percent
unemployment, a month from the Presidential election. This is Orwellian to say
the least and representative of Saul Alinsky tactics from the book "Rules
for Radicals"- a must read for all who want to know how the left
strategize . Trust the Obama administration? Sure, and the spontaneous reaction
to a video caused the death of our Ambassador......and pigs fly.
Gluskin Sheff's David Rosenberg
That
the 7.8 percent jobless rate takes it to the level that prevailed when the
President took office in January 2009 has raised many an eyebrow. I don't
believe in conspiracy theories. But I don't believe in the Household Survey
either.
This
notoriously volatile indicator has become even more so in recent months. It
showed a 195K slide in July and a 119K decline in August, to only then reveal a
massive 873K surge in September.
Radio host Laura Ingraham
"Jobs
#s from Labor Secretary Hilda Solis are total pro-Obama propaganda--labor force
participation rate at 30-yr low. Abysmal!"
Americans for Limited
Government
"Either
the Federal Reserve, which has its fingers on the pulse of every element of the
economy, and the Bureau of Labor Statistics manufacturing survey report are
grievously wrong or the number used to calculate the unemployment rate are
wrong, or worse manipulated. Given that these numbers conveniently meet Obama's
campaign promises one month before the election, the conclusions are
obvious."
Rick Santelli of CNBC
"I
told you they'd get it under 8 percent — they did! You
can let America decide how they got there!"
Of course the backlash in the media
against skepticism of the jobs report has been very forceful.
Already, those that are doubtful of the
legitimacy of the jobs report are being called "truthers" - as if
there is something wrong with wanting to know the truth.
Sadly, that is how things work these
days. If you don't like the viewpoint that some people are expressing,
you just label them "conspiracy theorists".
And when someone is labeled a
"conspiracy theorist", that is code for "that person is so crazy
that you should not listen to anything they say".
But the truth is that we live in a
world where often people do things that they are not supposed to be doing.
When something rather strange happens,
it is not wrong to investigate and try to figure out what is going on.
And this jobs report seems very, very
odd.
It sure does seem rather strange
that the household survey is showing almost 8 times as many jobs created as the
employer survey does.
It sure does seem rather strange
that 873,000 more Americans were working in September (the largest increase in
29 years) after decreases in both July and August.
It sure does seem rather strange
that the unemployment rate dropped under 8 percent at the exact moment when
Barack Obama needed it the most.
But perhaps all of this is just a
coincidence.
What do you think?’
{ JACK
WELCH: Obama Is Manipulating The Jobs Numbers Because His Debate Performance
Was Awful Business Insider | Former
GE CEO Jack Welch’s reaction to non-farm payrolls adding 114,000 new jobs in
September and the unemployment rate falling to 7.8 percent. Welch: Obama manipulating
numbers after debate performance...
{ There are some people (and their assessments) that you might dismiss
as light-weight partisans… Jack Welch is not one of them! Indeed, among the
rarest breed historically of exceptional american CEO’s, Welch points to the
folly of preposterously a month before elections, on paltry/pathetic jobs
numbers ( election year temp/part-time for manipulating stats along with the
nebulous ‘stopped looking’ fudge factor) , following a disasterous debate
showing (of wobama failure and incompetence), the unemployment rate falls to
just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is
tantamount to the obama 100% employment fantasy where literally everyone but
him has stopped looking for work and hence, not counted in compiling the
unemployment rate (and then those jobs in the millions lost and gone forever on
his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE JOBS
NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS
NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS.
}
http://albertpeia.com/whichcurrencythecomingdollarreplacement.htm
ZeroHedge.com
Submitted by Tyler Durden on 10/05/2012
While the 0.4% perfectly unmanipulated
and totally coincidental swing in the unemployment rate in an Obama
favorable direction one month before the election came at a prime time
moment for the market, one hour ahead of the open, setting the market mood for
the rest of the day (which despite all best efforts still closed red, valiant
efforts by Simon Potter and the FRBNY's direct pipe to Citadel
notwithstanding), there was one other, far more important data point released
by the government's department of agriculture, sufficiently late after the
market close to impact no risk assets. That data point of course was foodstamps
(or the government's Supplemental
Nutrition Assistance Program, aka SNAP), and we are confident that no
readers will be surprised to learn that foodstamp usage for both persons and households, has jumped to a new
all time record.... Finally, and putting it all into perspective, since
December 2007, or the start of the Great Depression ver 2.0, the number of
jobs lost is 4.5 million, while those added to foodstamps and disability rolls,
has increased by a unprecedented 21 million.
Submitted
by Tyler Durden on 10/05/2012
While we are told to assume it is entirely
transitory and speculation-driven, the price to drive your brand new GM Truck
(leased for 30 years, interest-only via your EBT card) has never been higher.
Do not worry though since this is only temporarily going to mean 'little Timmy'
needs to go without food. As a Public Service Announcement, we have also
estimated that the opportunity
cost of every additional $1/gallon is just 16-20 $0.99 iGizmo apps you can do
without for a week (but given sentiment surveys it would
seem you do not need any further sedation).
Submitted
by Tyler Durden on 10/05/2012
For nearly 30 years, two of the world's
largest economic nations (China and the US) have continually debauched
debased the purchasing power of their currency. For the last 12 years, the rest
of the world joined in. So who is winning the race to debase now? It appears
globalization was really all about currency debasement and exporting inflation
(i.e. loss of FX value) with debt being the inflation buffer (i.e. borrow to
afford or vendor-financing - see AMZN). The problem now is the entire world is
saturated with debt and so there is no-one left to export inflation to anymore.
We do indeed live in interesting times.
Submitted
by Tyler Durden on 10/05/2012
While Europe was ripping higher this
morning, commodity prices were slipping quietly lower and Treasury prices higher
as the USD was very modestly higher and US equity futures were treading water.
The payroll print provided
the fuel to pump us up to within a tick of the year's highs in the S&P,
smashed the USD weaker, twanged Treasury yields higher and sent Financials and
Materials zooming higher. Unable to break those record highs, stocks
reversed as Energy (Oil was sliding once again) and Tech (AAPL) led them lower.
Within a few hours we had retraced the entire NFP spike in FX and equity
markets but Treasury yields kept pushing higher (30Y +14bps on the week). Gold closes green on the week while
Oil/Silver/Copper were red as the AUD lost almost 2% against the USD and EUR
gained 1%. AAPL tumbled 2%, closing below its 50DMA for its
biggest 2-week slide in six months. VIX was jabbed under 14% briefly but ended
fractionally lower on the day at 14.4% (-0.2vols). Equities and risk-assets
disengaged today and equity's inability to manage a late-day ramp (and AAPL
closing at lows) must be a little concerning for the cheerleaders.
Submitted
by Tyler Durden on 10/05/2012
Following a major miss in July consumer
credit which declined by $3.3 billion (since revised to a -$2.5 billion
decline), it was only natural that August would be the opposite, and see a
rebound over consensus. Sure enough, the August total consumer credit number
came in at $2.73 trillion, an increase of $18.1 billion
from last month, on expectations of an increase by $7.25 billion. Why did
the number rise? Same reason as always: a government-funded pump into non-revolving (i.e.,
Student and Government motor loan) credit which soared by $14 billion while
revolving credit posted a modest $4.2 billion increase unable to even offset
the July decline. But in headline scanning algo news, this was the highest jump
in post-revision (recall last
month the Fed completely redid its consumer credit series data which is now
useless for any analysis going back before December 2010). Yet oddly even with
this massive pump the stock market has refused to rebound and instead is acting
in a very odd fashion and the now traditional green color of stock moves has
taken on an odd reddish hue that is unfamiliar to the current generation of
traders.
Submitted
by Tyler Durden on 10/05/2012
While
we already presented the explanation for the dramatic drop in today's
unemployment report (almost entirely driven by the surge
in part-time jobs for economic reasons, hardly a thing to be proud of as
more and more full time jobs, especially those on Wall Street, are a thing of
the past, while the transition to a part-time worker society has been
documented extensively in
the past here), there is another number that is by far the most perplexing
in today's NFP dataset: that
showing the employment of workers in the 20-24 year age category (both
seasonally
adjusted and unadjusted).
See if you can spot the outlier in the chart below.
AP Business
Highlights
...Yahoo Market
Update…
http://albertpeia.com/archives.htm
FBI Nazi
Bikers Bust FBI Nazi Bikers - What's Up At The FBI/DOJ?
Infowars.com | Now is the time to put an end to Obama’s
treasonous and tyrannical behavior.
http://albertpeia.com/impeachobama.htm
Wobama’s
Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a
watch! }
http://www.albertpeia.com/wobamaschoomgangbangin.wmv
PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the
President's own memoir)... {
http://albertpeia.com/wobamaschoomgangfantasy.htm }
Drudgereport: Obama: 'Sometimes I Forget' Magnitude of Recession…{
Oh! How conveniently forgetful, though the vast majority of americans don’t
have wobama’s luxury of feigned amnesia suffering from what wobama did and
didn’t do contrary to promises last time around the perpetual campaign trail
littered with his typical jive-talking b***s***! The following headline will
help him remember some of his sordid, pot-clouded high school past! }...
FLASHBACK: Obama's Sordid High School Past...
By Ben Shapiro ‘While the Washington Post has been diligently
digging into relatively innocent high school pranks
by Mitt Romney, they’ve spent the last few years diligently ignoring President
Obama’s far more controversial high school days.Obama, by all accounts, was a
habitual drug user in high school. He tried cocaine, he admits in Dreams
From My Father; he “tried drugs enthusiastically.” The Chicago Tribune
reported back in 2007 that Obama thanked the “Choom Gang” in his high school
yearbook; “chooming” was Hawaiian slang for smoking pot. The Honolulu
Advertiser reported that Obama’s senior portrait “prominently displayed …
A package of ‘Zig-Zag’ rolling papers and a matchbook.” One of Obama’s close
friends was arrested for drug possession during high school.In his memoir,
Obama talked about routinely getting high. “Junkie. Pothead,” he wrote. “That’s
where I’d been headed: the final, fatal role of the young would-be black man.”
But, according to Obama, he only got high because he was contemplating deep
matters: drugs could “push questions of who I was out of my mind.” Obama told
students in 2007 that this activity constituted “goofing off” and “wasting
time”:"I will confess to you that I was kind of a goof off in high school
as my mom reminded me," Obama said. "I went to high school in
Cracks
in the Washington Post story on Romney’s ‘pranks’ emerge
Correction
Request: Washington Post Uses Falsehood in Romney Hit Piece
Media
Downplays Obama's Past, Tries to Define Romney with Teen Prank
If we're going to delve deep into a candidate's past, let's delve deep into a
candidate's past. Here's Obama in his own words admitting to physically shoving
a little girl named Coretta. Yes, it was at this moment that the first
shot in the War on Women was fired.
http://albertpeia.com/obamashovesgirl.png
No doubt that after expending all that energy
bullying an innocent little girl, young Obama readied himself for round two by
eating a Golden Retriever. More on this breaking story here.If
you're wondering what the rules are regarding a candidate's past; how far back
we're allowed to go in an attempt to define them -- the answer is simple: the
corrupt media will let us know.
Obama WILL NOT pursue gay marriage as part of party
platform...
STONE: 'Playing a
cruel and cynical game'...
Unites Republicans?
New Black Panther Niggers Plan Newspaper Cover With
Zimmerman In Noose { and civilized people everywhere should respond with
niggers in nooses and contributions to the Klu Klux Klan! } ...
LOONEY CLOONEYLAND: BIG CAMPAIGN BOXOFFICE FOR NIGGERO
– Meanwhile, looney clooneyland ain’t doin’ so well with the niggero model –
see next headline! ...
Failed Wobama model illustrated: 16 Reasons To Move Away From
Postal Service loses $3.2b in first quarter...
78% of
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{ some prior links of current
interest }
