Once again obama is covering up the t***h. Jobless claims, unemployment, GDP, manufacturing, home sales and so on. To what motivation/agenda?
Consider that in America's historic stock market past these numbers would have caused a complete market CRASH. Not even considering the top ten economies in the world are crashing, the petro dollar is being replaced, our largest manufacturing companies are shrinking and closing down over seas entities, and the unfunded credit held by our largest banks 50 trillion dollars is over bloated "bubble burst" and nothing can bail them out.
The Jobless Claims Metric Is A Complete Joke
October 15, 2015Financial Markets, Market Manipulation, U.S. Economyunemployment rate, unemployment report, weekly jobless claims
Anyone who follows the jobless claims reports is either ignorant or just not very intelligent FOD (Friend of Daves)
The jokes on us. While perhaps the monthly non-farm payroll report while nothing short of blatant fraud in its entirety may contain some small kernels of statistical reality, the weekly jobless report is absurdity in its purified form. I take that back, the issuance of that report is indeed reflective of a Government showing complete contempt for the relative intelligence of its population.
I wrote an article last week in which I detail why the jobless claims report is completely devoid of any meaningful information about the relative health of the job market other than the fact that, yes, there are still some people getting terminated from jobs from which they are entitled to file for jobless benefits: Jobless Claims Are Irrelevant.
The fact that Government can issue economic reports do not even remotely represent the economic reality intended to be conveyed by the reports reflects a Government has morphed into a the type of propaganda-generating central American-style Banana Republics at which we used to laugh in the 1970s.
With all the announced layoffs over the last several weeks, plus all of the private sector regional Fed economic surveys reflective of a workforce in decline, it would be logical for jobless claims to be spiking. In order to avoid reinventing the wheel, Ive hypothecated this graph from Zerohedge in order to illustrate the point:
I take back an earlier statement in which I asserted that the jobless claims report contains no meaningful content. I was wrong. The report shows a Government that has decided to hypothecate a fairy tale and use that story in place of reporting the t***h. It reflects the reality of a Government that will go to any lengths in an attempt to perpetuate the fraud and criminality underlying the giant systemic Ponzi scheme being used by the elitists to
http://investmentresearchdynamics.com/the-jobless-claims-metric-is-complete-joke/