The "up-to-the-minute Market Data" thread

reply to post by GoalPoster


The rewording in the article about the job data is so complicated that only if you have been following the trend on government propaganda could understand the deception, but when people that never take the time to really look in deep on the numbers given by the government on anything will go with the first head line news, Tittles like "Economy Creates 120,000 Jobs, Rate Tumbles to 8.6%" CNBC or "The unemployment rate fell to 8.6% after employers added 120,000 jobs in November, the Labor Department reports"CNN and the only one that put the but in it was FOX

GOODS NEWS unemployment rates fall to 8.6 then it adds in the bottom HIDING BAD NEWS? 315,000 quit job hunt

You got to love head line news It only takes a littler bit of adding and subtracting to see the deception, but then again is close to election years and guess what we can not have more bad news during the holiday season, right?

I got some graphs up that will make your head spin
www.abovetopsecret.com...

Dissecting the unemployment numbers:

120,000 jobs gained lowers the unemployment rate by .4% to 8.6.
Take 120,000 divided by 4 an you get 30,000. 30,000 jobs per .1%.
x10 300,000 jobs per 1%
x100 and 100% employment = 30,000,000 workers.

That's right.. with the way unemployment is being calculated, I can estimate there are only 30,000,000 workers in the country.. that's roughly 9.5% of the entire US population (310,000,000)

That would make total US unemployment ..... roughly 90%.

reply to post by Rockpuck


Good point. MSM shows us one more time how they cannot do basic maths or they would have called BULLCRAP on this whole report and said on all channels that the government were lying their butts off.

That would make unemployment exactly 90.42%.. Those are all prisoners... so it's alright!

Great conference on the whole debt problem worldwide.


At some point Bass talks about the creation of the IMF... one of the guy who crafted the IMF was a Russian spy apparently... Yay communism!

Harry Dexter White

He also says he talked to a senior Obama administration official who admitted their plan was to devalue the dollar... neat.

Take a look at Timothy Geithner's frantic schedule in Europe next week:

Geithner to visit Europe for debt crisis talks

Merkel, Sarkozy and even Cameron are pushing for fiscal union in the Eurozone, though they admit the concomitant treaty changes would take years. It looks very much like Geithner will join the chorus.

No-one seems to have mentioned asking the citizens of the countries affected. They must get so frustrated that democracy gets in the way of 'progress'...

Some interesting Articles:

Der Euro könnte Weihnachten nicht überleben - (Transl.: The euro may not survive Christmas)

(Transl.

Jacques Attali, the French financial expert fears that the euro as a common currency could still fail this year, if the Germans don´t move in regards to Euro-bonds. "If Germany does not give way, the euro will not survive Christmas," the former presidential adviser said in an interview with FOCUS.

And:

Germany and France want to risk going ahead in the Euro-Crisis,alone if nessecary

(Transl.

In the struggle for a more reliable stability pact, Germany and France,according to a media report,want to risk a break in the Euro zone,if necessary. As the news magazine "Focus" learned from government sources,Chancellor Angela Merkel (CDU) and French President Nicolas Sarkozy are preapred to go ahead single-handedly in the case the crisis countries deny the Franco-German proposals for stricter budgetary controls. If the proposals are not enforceable in the whole Euro-group,Germany and France would initially connect only with countries such as Austria, the Netherlands, Finland and other interested parties for such agreements.

Eurozone crisis: Britain's companies prepare for life after the single currency

Britain's biggest companies are thinking the unthinkable and planning for the collapse of the euro. Multinationals such as Diageo, GlaxoSmithKline, Unilever and Vodafone are looking at contingency measures in case the single currency falls apart.

"We have started thinking what [a break-up] might look like. If you get some much bigger change around the euro, then we are into a different situation altogether. With countries coming out of the euro, you've got a massive devaluation that makes imported brands very, very expensive."

Switzerland as well,but i doubt those two are the only ones planning for the invetiable...

Plans for the unthinkable event

(Transl.

What happens if an EU country throws the € overboard? Even Swiss banks, regulators and export companies play through emergency scenarios. They may prefer not to talk about it.

And incase there are still People who don´t believe that anything bad will happen in regards to the Euro,read that one.

Euro doomed from start, says Jacques Delors

The euro project was flawed from the start and the current generation of European leaders has failed to address its fundamental problems, Jacques Delors, the architect of the single currency, declares today

Ah,you can see that the Panic is getting more and more visible each Day...According to the latest desperate Attempt (CB´s flooding the Market with even more Money,again) it seems like it should be over soon



PS: Translating German into English is really annoying.

www.alternet.org...


there is too much to 'snip'...to get across the facts that Congress was lied to by Geithner, Paulson and all of Wall Street

6 Shocking Revelations About Wall Street's "Secret Government"
Top officials willfully concealed the true extent of the 2008-'09 bailouts from Congress and the public.
November 30, 2011 |

Photo Credit: john flanigan


We now have concrete evidence that Wall Street and Washington are running a secret government far removed from the democratic process. Through a freedom of information request by Bloomberg News, the public now has access to over 29,000 pages of Fed documents and 21,000 additional Fed transactions that were deliberately hidden, and for good reason...

www.alternet.org...

I believe, is that Wall Street’s key government officials – Paulson, Summers, Geithner, Orszag (the former Obama OMB chief who now makes millions working for CitiGroup), etc. truly believe the following:

Wall Street banks are the best in the world and are the cutting-edge of the American economy. They are our future.
Wall Street bankers and hedge fund managers are enormously smarter and sharper than the rest of us. They deserve our admiration.
Helping Wall Street to grow and prosper is precisely the same thing as helping all Americans and the entire economy. They deserve our support.
Secret meetings to provide insider information are normal on Wall Street. There’s nothing wrong with warning your friends about upcoming policy decisions that might impact their profits.
There’s also absolutely nothing wrong with providing trillions of dollars of secret loans to the best and the brightest and not telling Congress about it.

It’s all a closed loop of self-justification and self-deception: Wall Street is brilliant.
What Wall Street does is for the good of the country.
Helping Wall Street profit is good for the country.
Hiding the truth from democratically elected leaders is also for the good of the country because Wall Street is brilliant and knows better.

And all this is deeply believed by Wall Street and its secret government, even though Wall Street, and Wall Street alone, took down the economy and killed 8 million jobs in a matter of months. Simply brilliant!

thaanks

So many things said in one sentence

The cabinet approved the mix of tax rises, pension reforms and incentives to boost growth in a three-hour meeting on Sunday, opening one of the most crucial weeks since the launch of the euro more than a decade ago.

To boost growth


www.reuters.com...

Italy PM Monti unveils sweeping austerity package

Then in a long text it says nothing and then:

The package is divided into 20 billion euros of budget tightening and an additional 10 billion euros that will be pumped back into the economy in the form of measures to help companies and boost growth.

10 billion euros will be "pumped" back into the economy...

Economy the word with no meaning whatsoever...

I know where they are going to "pump" the money

"A package to cry over," the daily Il Secolo XIX headlined its front page on Monday, over a picture of Welfare Minister Elsa Fornero, who broke down in tears while presenting measures that will mean an effective cut in income for many pensioners.

I am really, really curious to see whether Italians are going to cry or do something else.

They are stealing money from people, it is again clear what this "recession" is about.

They are pumping money into companies, right?, just like the US bailouts has been pumping so far, nothing but the fat pockets of corporate America.

Italians and Greek should take a lesson from the US economy, America is one of the most corporate corrupted nation in the world.

BTW, they forgot to mention all the interest money that the government has to pay to their creditors and loan owners, squeeze the working class to enrich the elite.

Under Pressure to Reduce Deficit, Congress Tees Up Year-End Spending Spree

Combine that with the tax cuts and jobless benefits, and Congress could add almost $200 billion to the federal ledger this month.

Deficits we can believe in!

reply to post by Vitchilo


Does that include the Fed plans to bailout the EU?

Maverick Judge Jed Rakoff Stares Down The Street

A champion for the commoners?

One of the biggest problems with Wall Street's malfeasance is how the ruling elite view legal settlements - as little more than an acceptable cost of doing business.

Well, no more.

Thanks to Judge Jed Rakoff we may see some real regulatory action leading to good old-fashioned investigations, perp walks, and even jail for the guilty.

I'm not talking just about the Bernie Madoffs or the Raj Rajaratnams either. I'm talking about potentially CEOs and even entire corporate boards.

Judge Rakoff recently rendered a 15-page decision rejecting the U.S. Securities and Exchange Commission's (SEC) $285 million settlement with Citigroup Inc. (NYSE: C) over toxic mortgages, calling it "neither reasonable, nor fair, nor adequate, nor in the public interest."

This is important because settlements like these have been a farce for years - little more than the financial equivalent of a parking ticket and having about as much impact

I wonder.

moneymorning.com...

Originally posted by marg6043
reply to post by Vitchilo

 

Does that include the Fed plans to bailout the EU?

Maverick Judge Jed Rakoff Stares Down The Street

A champion for the commoners?

One of the biggest problems with Wall Street's malfeasance is how the ruling elite view legal settlements - as little more than an acceptable cost of doing business.

Well, no more.

Thanks to Judge Jed Rakoff we may see some real regulatory action leading to good old-fashioned investigations, perp walks, and even jail for the guilty.

I'm not talking just about the Bernie Madoffs or the Raj Rajaratnams either. I'm talking about potentially CEOs and even entire corporate boards.

Judge Rakoff recently rendered a 15-page decision rejecting the U.S. Securities and Exchange Commission's (SEC) $285 million settlement with Citigroup Inc. (NYSE: C) over toxic mortgages, calling it "neither reasonable, nor fair, nor adequate, nor in the public interest."

This is important because settlements like these have been a farce for years - little more than the financial equivalent of a parking ticket and having about as much impact

I wonder.

moneymorning.com...

Any bets Judge Radoff somehow disappears in the not too distant future?

Just askin' . ..

reply to post by GoalPoster


I was thinking the same thing, this "champions" do not seem to last very long before they "retire" or encounter "death by suicide".

If there was ever any doubt that the USA tactic of flooding the globe with American Dollars....

this article should point you in the right direction

www.reuters.com...

Fed may give loans to IMF to help euro zone: paper..... BERLIN | Sun Dec 4, 2011 5:29pm EST


saving the Euro & EuroZone for a mere pittance of $140Billion (of course this is in addition to the $600+ Billion already lent/paid/swapped since 2008)
this is just the door being cracked open...
there will be a whole lot of 'dark' money pushed into the hands of the EU membership, over the next few years



If the whole G-20 and 'civilization' (as westerns view it) were awash in USD...
if the underground illegal activity world all relied on the Liquidity and ease of availability of the USD...
then inflation would be a self regulating thing (inflation not based on a ubiquitious & thus lower valued USD)---


but based on the an artificial 'value' in the eyes of those driven by their greed..
.to get the most out of their bucks...
and thus a trust and faith in accepting the fiat USD as a universal 'money'


the collapsing financial system will ride the USD to the grave... which will be not less than a decade away as i see it



thanks

reply to post by marg6043

Does that include the Fed plans to bailout the EU?

Of course not! But eh, the FED money isn't real money!

Whats up guys, hope you had a good weekend!

So whats up with this new Euro"plan"that Germany and France came out with. Are these two now the undeclared emperors of the Euro zone. Glad they talked it out with the rest of the countries /sarc.

If your losing the game, change the rules

ISM report...

Business Activity/Production 56.2

Growing... good.

New Orders 53.0

Growing... good.

Employment 48.9

Losing jobs... bad... that means the government lied to us (shocker!) about the number of jobs created...they said 95k jobs were created in services when in fact, they LOST jobs... government can't even keep their lies straight. Nice.

Supplier Deliveries 50.0

Equal to last month... no growth..which is bad..

Inventories 52.5

Inventories growing... good... if you can sell them.

Prices 62.5

Very bad. Inflation accelerating.

Backlog of Orders 48.0

Bad. That means less orders.

New Export Orders 55.5

Good... more exports.

Imports 48.5

Good... less imports.

Inventory Sentiment 63.0

Very bad. The shelves are full and nothing is selling...

And Camaro, the France-Germany ``deal`` is really a deal on nothing...

46.3 million Americans on food stamps for first time ever

Europe is done. Europe's AAA club put on credit downgrade watch (Germany too)

Neat.

NOWOTNY FEARS MERKEL/SARKOZY PROGRAM WON'T BE ENOUGH
NOWOTNY SAYS EUROPE CAN SOLVE CRISIS ITSELF
NOWOTNY SAYS NOT NECESSARY THAT USA `HELP OUT' EUROPE
NOWOTNY SAYS SMP CAN'T BE COMPARED TO FED, BOE PROGRAMS
NOWOTNY SAYS SMP HAS TIME LIMIT
NOWOTNY: DEBT CRISIS MUST NOT BECOME BANKING CRISIS AGAIN

Boooya. No more deal.

And some more love from Israel to Germany :

Germany to pay pension to additional 16,000 Holocaust survivors (AP)

Yay.

Originally posted by St Udio
If there was ever any doubt that the USA tactic of flooding the globe with American Dollars....

this article should point you in the right direction

www.reuters.com...

Fed may give loans to IMF to help euro zone: paper..... BERLIN | Sun Dec 4, 2011 5:29pm EST


saving the Euro & EuroZone for a mere pittance of $140Billion (of course this is in addition to the $600+ Billion already lent/paid/swapped since 2008)
this is just the door being cracked open...
there will be a whole lot of 'dark' money pushed into the hands of the EU membership, over the next few years



If the whole G-20 and 'civilization' (as westerns view it) were awash in USD...
if the underground illegal activity world all relied on the Liquidity and ease of availability of the USD...
then inflation would be a self regulating thing (inflation not based on a ubiquitious & thus lower valued USD)---


but based on the an artificial 'value' in the eyes of those driven by their greed..
.to get the most out of their bucks...
and thus a trust and faith in accepting the fiat USD as a universal 'money'


the collapsing financial system will ride the USD to the grave... which will be not less than a decade away as i see it

ADDto further develop the line of thought...USD is Last Refuge...or its global default/collapse !


. . . . Ben Bernanke is probably a greater threat to US dollar stability than the Chinese Communist Party; his beliefs on monetary policy aren’t dynamically stable. He believes there’s no limit to the amount of money you can print, and if the economy is in trouble, print more, and if bank’s are in trouble print more, and if Europe’s in trouble print more. . . .”



Isn't that what i said in the earlier post ...
that flooding the global community with boatloads of new money supply (in USDs) all the while injecting liquidity into the banking system so the Derivatives Casino can keep spinning,
pallet loads of money to Eastern European governments so that the underground trade of drugs/arms/ sex slaves can be funded with more Trillion$ of USD's..
.keeping the Crony system tracks well lubed--
keeping the banks and fascist corp system bouyed in dollars---keeping all the corrupt economic players in liquid cash is just a matter of providing the $600+Trillion in USD banknotes available & widespread as the only sure means of exchange for every ongoing scheme devised by the market makers & players across the full spectrum of legal-illegal-illicit-practical-or geopolitical spheres of commerce...


related read: usawatchdog.com...


related to my earlier post on how funding the EU crisis is proof positive of the Bernanke onjective...that will 'save' the USD from immediate collapse



thanks

Australia's RBA cuts key cash rate to 4.25%

The Reserve Bank of Australia (RBA) cut the official cash rate by 25 basis points to 4.25% at its December meeting on Tuesday. It marks the second cut in two months, amid rising financial strain in Europe and global economic uncertainty. The Australian dollar /quotes/zigman/3858805 AU:USD -0.31% traded at 1.0212 following the decision. The RBA's interest-rate setting board next meets in February.

This is the second consecutive rate cut from the RBA, the first to 4.5% from 4.75% in October. This is an indication of how Australia is fairing economically, even with the minerals boom. Inflation moderated over the past quarter and some of our business sectors are really struggling and counting on interest rate cuts.