All the fake positive news did not rally the Market today.

Discussion in 'Economy' started by Neubarth, Sep 30, 2010.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    Did you see today's headlines? Typical Government News Releases. GDP was up more than expected.(Even though it is totally a product of government spending.) Unemployment Insurance claims were Way Down (Even though they are still running at two million a month.)

    Finally the market is selling off in accordance with reality. There are no new jobs. More and more people are aware that the government numbers are total horseshit.. All you have to do is look at the Food Stamp program to get a valid estimate of where the economy has been going.

    When they start "Seasonally Adjusting" the numbers of people who are on Food Stamps, make an effort to get the actual numbers, and you will know the truth.
     
  2. Neubarth
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    Neubarth At the Ballpark July 30th

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    When it comes to accepting the Government propaganda as valid, look at how the Work Force, that should be expanding by a quarter million a month, keeps shrinking and shrinking and shrinking!

    If you can shrink the Unemployed Work Force, you can then claim that Unemployment is going down, or, at least holding steady.
     
  3. Norman
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    Norman Gold Member

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    Use Shadowstats.com for "real" unemployment numbers.
     
  4. Old Rocks
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    Old Rocks Diamond Member

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    Hmmmm......... Best September in about 70 years on the market. Seeing advertising in the jobs sections for production and maintenance supervisors in manufacturing. Haven't seen that in a long time here, and that usually precedes adding new shifts. We shall see.
     
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  5. Neubarth
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    Neubarth At the Ballpark July 30th

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    Remember there, podner, that manufacturing is only a little over ten percent of our economy. It could go up ten percent, but the net effect on our economy would be a ONE percent ripple. That one percent ripple could easily be offset by a two percent decrease in Service Sector income. Service Sector is 70 percent of our economy. Thus a two percent decline in income would be a 1.4% decline in the overall economy.

    Some items will show improvement in a slowly collapsing economy, just like the stock market showed strong rallies in 29, 30, 31 and 32 on its way down and down and down and down.

    [​IMG]
     
    Last edited: Oct 1, 2010

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