Easter Weekend - BLSBS - Open Thread

275
Fri, Apr 6, 2012 - 8:52am

It's a 3-day holiday weekend. Markets are closed in the U.S. Too bad, too, as the metals would have seen a pop today.

As this is a holiday, I'll keep this brief with a few links links lifted from ZH that should begin the conversation. First up, this Lee Adler piece discussing the outright manipulation of the BLSBS data:

https://www.zerohedge.com/contributed/2012-14-05/nonfarm-payrolls-should-fall-377000-they-won’t

Next, here's the report of the actual data. (All the political incentive to goose these numbers and the best they could do was a lousy +120,000? Yikes! And the drop in the headline number to 8.2% is simply based upon a big reduction of the total number of people "in the labor force".)

https://www.zerohedge.com/news/nfp-big-miss-120k-expectations-205k-unemployment-82

https://www.zerohedge.com/news/average-march-seasonal-adjustment-factor-824600

Lastly, a lot of talk about the Blythe Master interview yesterday on CNBS. Watching the video is fine and it's included in this ZH link. What you really need to read, however, is "Tyler's" reporting of it. Absolutely spot on analysis. For whatever reason. "Tyler" never overtly joins the goldbug camp. However, it is quite clear that, deep down, he is one of us.

https://www.zerohedge.com/news/blythe-masters-blogosphere-silver-manipulation-its-gold-axed-clients-and-doing-wrong-thing

I'll stop there lest someone think that Harvey Organ has taken over as guest "Turd" for the day. I hope that everyone has a safe, relaxing and fun holiday weekend. Get ready for a wild week next! TF

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  275 Comments

murphyboatman
Apr 6, 2012 - 4:43pm
Zoltan
Apr 6, 2012 - 4:43pm

BM Interview

She was lying and she isn't very good at it.

Z

MisesFan
Apr 6, 2012 - 4:45pm

More Bill Cooper...

https://www.hourofthetime.com/

William Cooper - Amazing Lansing, Michigan Lecture Rare

"

William Cooper gives a thought provoking lecture on the Illuminati, Freemasonry, freedom and the origins of mankind and Knowledge according to the Mystery Schools.

Become DANGEROUS... speak the TRUTH and inform your friends & family!!!

Rest in Peace Bill...

William Milton Cooper (May 6, 1943 - November 5, 2001)

"

I Run Bartertown
Apr 6, 2012 - 4:49pm

Baikalic

You're very forgiving.

To me, the issue is not whether there is or is not climate change.

It's that there are people like this in positions of respect and influence that engage in what Aziz points out is:

"Isn’t pathologising dissidents a hallmark of authoritarianism? Weren’t dissidents under the Soviet Union often sent to psychiatric hospitals to be “treated” for their behaviour?"

This woman spouts this, and still has a job and influence in her field.

There are innumerable examples of people expressing unpopular opinions (or even FACTS), mild gaffes, etc. that suffered social and professional immolation. Yet this tripe is par for the course at Universities.

And, I'll confess, it's just another opportunity to beef up my thesis that...there's always something off, just a little bit Fked up about liberals.

BUDDHA PRINCESS
Apr 6, 2012 - 5:08pm

Egan-Jones Cuts US Credit Rating to 'AA,' Citing Debt

Rating firm Egan-Jones cuts its credit rating on the U.S. government to "AA" from "AA+" with a negative watch, citing a lack of progress in cutting the mounting federal debt.

"When debt-to-GDP exceeds 100 percent, a country's financial flexibility becomes increasingly strained," Managing Director Sean Egan wrote in his report on the downgrade. "For the first time since World War II, U.S. debt exceeds 100 percent."

The U.S. dollar fell slightly against the yen after the news, which came at the start of Asia's trading day.

Egan said he sees no end in sight to the increasing deficit.

"With an annual federal budget deficit in the area of $1.4 trillion, debt is likely to reach $16.7 trillion as of the end of 2012 while assuming GDP grows 2.5 percent, total GDP is likely to reach $15.7 trillion. Therefore, as of the end of 2012, debt-to-GDP is likely to be in the area of 106 percent.".

CNBC story....the link is here.

BUDDHA PRINCESS
Apr 6, 2012 - 5:11pm

Austerity may not be Portugal's best option, warns IMF

Chasing deficit targets may no longer be Portugal's best policy if its economic slump deepens more than expected, the International Monetary Fund (IMF) has said.

It stopped short of calling for targets set under an EU/IMF bailout to be eased, but signalled concern over waning external demand and the recessive impact of bailout austerity.

Posted in The Telegraph.co.uk

The link is here.

BUDDHA PRINCESS
Apr 6, 2012 - 5:14pm

Confusion at the Pumps

Big Oil's Strategy for Jacking Up Gas Prices

By Alexander Jung and Alexander Neubacher

Prices at German gas pumps oscillate wildly, sometimes changing several times a day. The rises and falls are far from random, however. Studies and market observers say it is an attempt by big oil to ratchet up the cost of a fill-up as high as possible.

It's Easter weekend and, if all goes as usual, motorists will be hopping mad during the holiday. Their frustration will boil over when the needle reaches the red zone and they pull into the nearest filling station: first at the pump, then at the cash register.

That's where they'll note with dismay that the oil companies never tire of playing the same old game in the run-up to Easter. As in previous years, gas prices soared in the days leading up to the Friday before Easter -- just when millions of Germans head off on vacation.

Posted at spiegel.de..and the link is here.

AugmentedFourthI Run Bartertown
Apr 6, 2012 - 5:35pm

Re: The Face of Authoritarian Environmentalism

First of all: She has a BS in biology and her graduate degrees are all in SOCIOLOGY! She is NOT A CLIMATE SCIENTIST...by any stretch of the term!

Second: Sure, scientists are allowed and expected to to display a dash or two of human weakness here-and-there. However, skepticism is a cornerstone of the scientific method and the fundamental characteristic that drives the process of inquiry! Conflating skepticism with mental disorder or morality is the height of intellectual arrogance, and worse it shows a complete disregard for the principles that have guided science since the renaissance. This woman speaks like a priest from the Middle-Ages screaming: "Heresy!"

I don't even care about the topic of global warming itself! It just really pisses me off when somebody trumpets reason & science, then goes on to claim sole dominion over the truth like some religious zealot.

This woman IS NOT A SCIENTIST.

ClinkinKY
Apr 6, 2012 - 5:44pm
ClinkinKY
Apr 6, 2012 - 5:59pm

This guy actually gets paid to write this stuff

Op-Ed Columnist
Not Enough Inflation
By PAUL KRUGMAN
Published: April 5, 2012

No, the real reason the attacks on Mr. Bernanke from the right are so destructive is that they’re an effort to bully the Fed into doing exactly the wrong thing. The attackers want the Fed to slam on the brakes when it should be stepping on the gas; they want the Fed to choke off recovery when it should be doing much more to accelerate recovery.

Read the article:https://www.nytimes.com/2012/04/06/opinion/krugman-not-enough-inflation.html?pagewanted=all

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