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After all the spin about how GREAT the December Jobs Report was to be.....

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TheWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-09-04 12:44 PM
Original message
After all the spin about how GREAT the December Jobs Report was to be.....
There were 1,000, that's right 1,000 new Non-Farm Payroll Jobs added, VS. the estimated 150,000 that were expected.....

And yet they say the Unemployment Rate FELL to 5.7%.....

More fake numbers, more lies, more spin, more data that contradicts itself to the point it is laughable.....

WHEN will America WAKE UP to this?......

The Economy is NOT improving.....

The Jobs are NOT coming back.....

The Data is NOT accurate......

The Stock Market is NOT coming back.....

Yes, that's right.....IT'S NOT.....

And to append that last statement, the current Bear Market Rally is being fueled by massive liquidity by the Fed, the Major Trading Desks, Funds, Brokerage Houses, and speculative "Hot Money", in manic desperation that we have not seen since late 1999/early 2000.....

Anybody who follows the Market that hasn't got blinders on can tell you how distirbing and blatant this desperate propping has become.....NO corrections are being allowed, not even the smallest downtrend.....It makes you wonder why Big Money fears even a samll sell-off of ANY kind....It makes you wonder why Insiders are SELLING 60 times as much as they are buying......

Massive consumer debt at the highest levels in history.....

Record Bankruptcies accross the Board.....33,000 Personal Bankruptcies filed in november alone......

Housing Bubble, Debt Bubble, Credit Bubble.....

And a wreckless Central Banker whose only solution to try and control the Monster he has created is inflate his way out of it through the most wreckless Monetary expansion in history, while keeping rates artificially low.....

And the Dollar continues to plummet.....

But the whore Media and CNBC will tell you that now is the time to buy.....

The whole House of Cards is going to FALL.....

but it seems everyone, including Wall Street has their marching orders that the Son Of God has to get re-elected no matter what the cost.....

This is all going to end VERY BADLY.....
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a_random_joel Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-09-04 12:54 PM
Response to Original message
1. The Bush Bubble
The current faux stock market success is worse than the Clinton tech bubble.

The reason GDP is up is only because Govt. Spending is up(can you say War?). The only people making any money in this "recovery" are fat cat investors. Jobs are still being lost, real wages are still down from 30 years ago, families are being hurt by the need for double wage earners, etc.

Besides - it's all being played with funny money - defecit money. Not only does that money technically not exist, but the interest and inflationary increases will make these future dollars that much more expensive to pay back.

The only questions are:

When's the bubble gonna burst? How bad's it gonna be?
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stopbush Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-09-04 12:59 PM
Response to Original message
2. Blitzer just reported that the ONLY reason the unemployment rate went
down is because many people stopped looking for work.

Yep, even Wolfie's slowly starting to get a clue.
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alfredo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-09-04 01:03 PM
Response to Original message
3. Manufacturing payroll dropped by 26,000.
I am so glad I am not some 20 something trying to start a family.
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Webster Green Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-09-04 01:19 PM
Response to Reply #3
4. That's part of the BFEE plan.....
The youngsters will have to join the military for lack of other opportunities, and before long, they won't even have a choice, since our young men and women will be facing the re-instituted draft system.
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