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Author Topic: Pedro Picasso gives jobless report  (Read 1581 times)

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Offline franksolich

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Pedro Picasso gives jobless report
« on: November 10, 2011, 08:18:57 AM »
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x2276817

Oh my.

This just in.

Quote
Atman  (1000+ posts)        Thu Nov-10-11 08:51 AM
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Breaking: jobless claims in, 7-month low.

Stock market set to rebound...again. Just reported on MSNBC.

No primitive comments yet.

As some here know, I know my evil twin like the back of my hand, and when I saw the same report on the internet, I knew Pedro Picasso was going to come out of seclusion on Skins's island to harp about it, as if it's something to celebrate.

Whooop-de-doo.

"Jobless claims at a 7-month low."

Wow.
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Offline Karin

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Re: Pedro Picasso gives jobless report
« Reply #1 on: November 10, 2011, 08:47:57 AM »
What, it's 399,998 instead of 450,000?  I'll get the champagne. 
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Offline franksolich

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Re: Pedro Picasso gives jobless report
« Reply #2 on: November 10, 2011, 08:52:08 AM »
Quote from: Karin on November 10, 2011, 08:47:57 AM
What, it's 399,998 instead of 450,000?  I'll get the champagne.  

It's as if Baghdad Bob in April 2003 were reporting the crippling of the treads of a single American tank on the streets of that city was a great thing for the Saddamites, portending their eventual victory.
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Milo Yiannopoulos "It has been obvious since 2016 that Trump carries an anointing of some kind. My American friends, are you so blind to reason, and deaf to Heaven? Can he do all this, and cannot get a crown? This man is your King. Coronate him, and watch every devil shriek, and every demon howl."

Offline Skul

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Re: Pedro Picasso gives jobless report
« Reply #3 on: November 10, 2011, 08:55:33 AM »
Quote
Atman  (1000+ posts)        Thu Nov-10-11 08:51 AM
Original message
 
Breaking: jobless claims in, 7-month low.

Stock market set to rebound...again. Just reported on MSNBC.
Just like it did, yesterday, Pedro?
Nice rebound ya got there. :banghead:
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Offline DumbAss Tanker

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Re: Pedro Picasso gives jobless report
« Reply #4 on: November 10, 2011, 09:16:43 AM »
There's likely to be a dead-cat bounce from overselling yesterday, but Italy and the Supercommittee debacle still loom over the market beyond the 'What's happening this morning' horizon.
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Offline franksolich

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Re: Pedro Picasso gives jobless report
« Reply #5 on: November 10, 2011, 09:19:43 AM »
Quote from: DumbAss Tanker on November 10, 2011, 09:16:43 AM
There's likely to be a dead-cat bounce from overselling yesterday, but Italy and the Supercommittee debacle still loom over the market beyond the 'What's happening this morning' horizon.

I suspect that for the next twelve months, there's going to be "good news" for the Magic One and the primitives here-and-there, but on the whole, they have a lot of ground to recover yet, all the disasters since January 20, 2009, and January 3, 2007.
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Milo Yiannopoulos "It has been obvious since 2016 that Trump carries an anointing of some kind. My American friends, are you so blind to reason, and deaf to Heaven? Can he do all this, and cannot get a crown? This man is your King. Coronate him, and watch every devil shriek, and every demon howl."

Offline jukin

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Re: Pedro Picasso gives jobless report
« Reply #6 on: November 10, 2011, 10:06:13 AM »
The media is sooooooo in the tank for 0.  I saw a report that said that unemployment had only been below 400,000 ten times in the last seven months. Only problem with that is that in each of those cases the unemployment was then revised up over 400,000 the next week.  The other neat trick is revising the 398,000 up to 406,000 and then claim that the results of 401,000 is a drop of 5,000.

It is quite amazing and only demonstrates how having 92% of JUornalists does nothing to propagandize the news.
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Offline 67 Rover

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Re: Pedro Picasso gives jobless report
« Reply #7 on: November 10, 2011, 12:15:22 PM »
Quote from: jukin on November 10, 2011, 10:06:13 AM
The media is sooooooo in the tank for 0.  I saw a report that said that unemployment had only been below 400,000 ten times in the last seven months. Only problem with that is that in each of those cases the unemployment was then revised up over 400,000 the next week.  The other neat trick is revising the 398,000 up to 406,000 and then claim that the results of 401,000 is a drop of 5,000.

It is quite amazing and only demonstrates how having 92% of JUornalists does nothing to propagandize the news.

It's always amazed me that the analysts are always wrong in the same direction then subsequently have to revise up (buried on page 12), statistics say it should be evenly split when they error and some months should be up and some down.  Funny that.
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Offline docstew

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Re: Pedro Picasso gives jobless report
« Reply #8 on: November 10, 2011, 12:27:43 PM »
Quote from: 67 Rover on November 10, 2011, 12:15:22 PM
It's always amazed me that the analysts are always wrong in the same direction then subsequently have to revise up (buried on page 12), statistics say it should be evenly split when they error and some months should be up and some down.  Funny that.

It always surprises me that the "professional" analysts are always "unexpectedly" wrong. Does anyone make a professional prediction expecting to be wrong? Hell, even weathermen expect to be right more often than not these days.
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Offline Karin

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Re: Pedro Picasso gives jobless report
« Reply #9 on: November 10, 2011, 12:33:13 PM »
Excellent points on revisions.  It's gotten so that I don't trust any statistic I haven't personally calculated from scratch. 

That "unexpectedly" BS.  They've been made fun of for this for so long, you'd think they'd stop using it. 
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Offline DumbAss Tanker

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Re: Pedro Picasso gives jobless report
« Reply #10 on: November 10, 2011, 01:03:50 PM »
Quote from: franksolich on November 10, 2011, 08:18:57 AM
Whooop-de-doo.

"Jobless claims at a 7-month low."

Wow.

Kind of a "Botutoxin Less Deadly Than Ricin" headline, really.

 :mental:
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Offline USA4ME

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Re: Pedro Picasso gives jobless report
« Reply #11 on: November 10, 2011, 01:06:27 PM »
Has no one ever explained to the primitives that seasonal hires disappear after Christmas?

.
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