What happened to all of the doom and gloom economic threads?

[4est_4est_Gump]

I read this morning that Duncan Hunter is proposing legislation to make U5 the official measurement of unemployment.


Fox business is talking about U6 this morning.



Das Boot!

 

[4est_4est_Gump]

He attempts to pry up the tent flap every day. You know a porcine camel.

Good line!


lol

 

[unregistered]

 

[unregistered]

 

[4est_4est_Gump]

Probably like some mangey redbone hound...


*spit*

 

[unregistered]

 

[mercury14]

DOW down 134.

Do you have a good reason to post this?

I'm good with a sell-off right now because there weren't many bargains out there, especially in energy and financials where I've been looking to buy. I'd like to see the market adjust down to about 12,400.

 

[mercury14]

There is timing in the void.
Shinman Musashi



Isn't merc the guy who makes money no matter which way the market moves?

We made a ton of money in stocks when the market ran up 6.5k points. It wasn't hard at all. Even someone like you could have done it by simply putting your money on autopilot in an index fund.

But instead you missed out on a fantastic opportunity. Are you mad?

 

[richard_daily]

DOW down 134.

It's still doing a lot better than your sex life.

 

[mercury14]

The most compelling visual of any to date regarding just how false the Obama unemployment figures really are – and why the stock market is reacting so negatively to the lastest jobs report.

http://www.zerohedge.com/sites/defa...ageroot/2012/03/Labor Force Participation.jpg

What you are seeing in the above graph is the rise in numbers of Americans who have simply GIVEN UP trying to find work in Obama economy – at present approximately 88 MILLION people no longer being counted as part of the overall unemployment numbers – never in American history have so many Americans simply stopped trying to find a job.

A direct condemnation of the dangerous, irresponsible, and overwhelmingly negative impacts of Barack Obama’s Big Government economic programs decimating any incentive for businesses to expand and hire.

No you're making things up again.

1) You're assuming that these are all discouraged workers, which is false. The BLS shows only 865k discouraged workers at the moment. "Persons not in the labor force" does not equal "discouraged workers" at all.

2) According to the Bureau of Labor Statistics, the number of discouraged workers is dropping.


You're drawing a patently false conclusion here.

 

[Byron In Exile]

No you're making things up again.

Says the expert...

 

[mercury14]

Says the expert...

Looking at a 2-page BLS report makes me an expert?

Do you seriously think his assertion is correct? Do you honestly believe there are 11 million new discouraged workers just since 2007?

 

[koalabear]

Stocks tumble after Friday's weak jobs report
US employers added fewer workers than expected in March, raising concerns about the economy. Alcoa plans to post its first-quarter results. Oil prices fall as gold gains.

 

[mercury14]

A few months ago there were conservatives here crowing about the ADP unemployment report being more meaningful than the BLS one (after it showed a lower jobs number). After all, that's the private sector's own measure of job creation.

But now these people are nowhere to be found. Strange.

The ADP National Employment Report

March 2012 Report

Employment in the U.S. nonfarm private business sector increased by 209,000 from February to March on a seasonally adjusted basis. Estimated gains for previous months were revised higher; the gain from December to January was revised up by 9,000 to 182,000, and the gain from January to February was revised up by 14,000 to 230,000

http://www.adpemploymentreport.com/

 

[NeverEndingMe]

A few months ago there were conservatives here crowing about the ADP unemployment report being more meaningful than the BLS one. After all, that's the private sector's own measure of job creation.

But now these people are nowhere to be found. Strange.




http://www.adpemploymentreport.com/

some day when you grow up, maybe you can partake in the American economic dream for real, and stop posting your fantasies?

 

[RobDownSouth]

A few months ago there were conservatives here crowing about the ADP unemployment report being more meaningful than the BLS one (after it showed a lower jobs number). After all, that's the private sector's own measure of job creation.

But now these people are nowhere to be found. Strange.
http://www.adpemploymentreport.com/

Amazing how often that occurs around here.

 

[mercury14]

I read this morning that Duncan Hunter is proposing legislation to make U5 the official measurement of unemployment.


Fox business is talking about U6 this morning.



Das Boot!

Anything to make the economy sound as bad as possible right before an election...

U5 counts people as unemployed when they choose not to work because of caring for a loved one, quit their job to go to college, quit a job to have a baby, get married and choosing not to work because the spouse makes enough money, quit because of non-disability health reasons, kids who slack and mooch off their parents, etc.

U6 has all the flaws of U5, plus it counts people with part time jobs as unemployed, even if they have more than one of them and work 40+ hours per week.

Neither of these measures is appropriate for the official unemployment rate.

 

[NeverEndingMe]

Amazing how often that occurs around here.

no wonder the majority of democrats are union workers as most are too stupid for professional jobs

 

[koalabear]

Dow takes jolt from jobs

Dow 12,929.59 -130.55

 

[unregistered]

 

[NeverEndingMe]

Anything to make the economy sound as bad as possible right before an election...

U5 counts people as unemployed when they choose not to work because of caring for a loved one, quit their job to go to college, quit a job to have a baby, get married and choosing not to work because the spouse makes enough money, quit because of non-disability health reasons, kids who slack and mooch off their parents, etc.

U6 has all the flaws of U5, plus it counts people with part time jobs as unemployed, even if they have more than one of them and work 40+ hours per week.

Neither of these measures is appropriate for the official unemployment rate.

what we need is for obama to add another 10 million government workers at a min of $150,000 base salary and a work week of 30 hours, with 5 months vacation

 

[mercury14]

Yes taking an honest look at the state of the economy is only acceptable when it makes the President look good.

You're already free to take whatever look at the economy you wish. But going out and making one party's preferred measure the official one isn't an appropriate way to legislate.

 

[garbage can]

what we need is for obama to add another 10 million government workers at a min of $150,000 base salary and a work week of 30 hours, with 5 months vacation

Well, if he adds 14 million peeps to the federal rice bowl, the unemployment will be near zero.

Then if he forgives 1 trillion in student loans, adds 99 more weeks to unemployment checks (Pelosi says it boosts the economy), he'll have a good shot at winning the 2012 election.....

 

[mercury14]

Well, if he adds 14 million peeps to the federal rice bowl, the unemployment will be near zero.

Then if he forgives 1 trillion in student loans, adds 99 more weeks to unemployment checks (Pelosi says it boosts the economy), he'll have a good shot at winning the 2012 election.....

Of course unemployment checks boost the economy. If you own a business during a recession where there are job losses in your community, which situation is best for your business?

1) Unemployed workers get unemployment checks and keep buying your stuff.

2) Unemployed workers don't have any money and stop buying your stuff and you end up losing money.

 

[unregistered]