Comments on: Wall Street Claims Ignorance http://blog.ml-implode.com/2009/11/wall-street-claims-ignorance/ Irreverant yet strangely satisfying commentary on housing and economic change Thu, 09 Feb 2012 21:32:09 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: The Real Unemployment numbers | Loan Modification Blog http://blog.ml-implode.com/2009/11/wall-street-claims-ignorance/comment-page-1/#comment-114 The Real Unemployment numbers | Loan Modification Blog Fri, 11 Dec 2009 04:59:43 +0000 http://blog.ml-implode.com/?p=28#comment-114 [...] Wall Street Claims Ignorance November 19th, 2009 • Related • Filed Under Filed Under: Featured Post   The government propaganda minions in the financial media have done it again this week, claiming that the flattening trend of new unemployment claims is a sign that the economy is improving. Are they too stupid or too clever to report the real reason that claims are coming down? That is that if millions fewer people are working, then fewer people can claim unemployment compensation. Maybe the real question should be whether the trend of claims as a percentage of those eligible is improving. The answer is that it is not.    Over and over again the mouthpieces of the mob make these claims that the economy is slowly improving. An examination of the raw data shows that, at best, they are playing semantic games. It may or may not be getting worse more slowly than it was before, and most data series are clearly not as bad as they were at the zenith of the financial crisis a year ago. But economic collapses, i.e. Depressions,  like economic expansions, take countertrend breathers every now and then. This is one of those “now and thens” and it may be coming to an end.   First, let’s strip out the “seasonally adjusted” crap that distorts and poisons the mainstream reports on this. The only reason for it is obfuscation, even in weeks when it would have served their propaganda purposes to report the actual numbers.   Last week initial claims actually fell by 53,000 from the previous week. That’s a big number, but state offices were closed for Veterans Day. The total number of new claims was 479,295 (actual real number, not seasonally adjusted hocus pocus mumbo jumbo). That averages out to 119,823 per day. The week before, claims totaled 532,427, or 106,485 per day in a normal 5 day week. So more people applied each day the offices were open in the most recent week, than in the prior week. No improvement there. In fact, on a daily basis this week was 12% worse than last week.   So much for the decline in claims. As far as the seasonally adjusted numbers showing no change, I guess they just made that up. The government can do that- just make stuff up. It’s called lying, and politicians and government bureaucrats are masters at it. In spite of that,  I have to start somewhere in my analysis. The raw, unadjusted data that no one looks at appears to be logically consistent, so I will assume that it isn’t overly manipulated. Let’s move on to the ugly graphics and what I think are the most important numbers. Those are: [...] [...] Wall Street Claims Ignorance November 19th, 2009 • Related • Filed Under Filed Under: Featured Post   The government propaganda minions in the financial media have done it again this week, claiming that the flattening trend of new unemployment claims is a sign that the economy is improving. Are they too stupid or too clever to report the real reason that claims are coming down? That is that if millions fewer people are working, then fewer people can claim unemployment compensation. Maybe the real question should be whether the trend of claims as a percentage of those eligible is improving. The answer is that it is not.    Over and over again the mouthpieces of the mob make these claims that the economy is slowly improving. An examination of the raw data shows that, at best, they are playing semantic games. It may or may not be getting worse more slowly than it was before, and most data series are clearly not as bad as they were at the zenith of the financial crisis a year ago. But economic collapses, i.e. Depressions,  like economic expansions, take countertrend breathers every now and then. This is one of those “now and thens” and it may be coming to an end.   First, let’s strip out the “seasonally adjusted” crap that distorts and poisons the mainstream reports on this. The only reason for it is obfuscation, even in weeks when it would have served their propaganda purposes to report the actual numbers.   Last week initial claims actually fell by 53,000 from the previous week. That’s a big number, but state offices were closed for Veterans Day. The total number of new claims was 479,295 (actual real number, not seasonally adjusted hocus pocus mumbo jumbo). That averages out to 119,823 per day. The week before, claims totaled 532,427, or 106,485 per day in a normal 5 day week. So more people applied each day the offices were open in the most recent week, than in the prior week. No improvement there. In fact, on a daily basis this week was 12% worse than last week.   So much for the decline in claims. As far as the seasonally adjusted numbers showing no change, I guess they just made that up. The government can do that- just make stuff up. It’s called lying, and politicians and government bureaucrats are masters at it. In spite of that,  I have to start somewhere in my analysis. The raw, unadjusted data that no one looks at appears to be logically consistent, so I will assume that it isn’t overly manipulated. Let’s move on to the ugly graphics and what I think are the most important numbers. Those are: [...]

]]> By: skeptic http://blog.ml-implode.com/2009/11/wall-street-claims-ignorance/comment-page-1/#comment-81 skeptic Tue, 01 Dec 2009 01:21:48 +0000 http://blog.ml-implode.com/?p=28#comment-81 Add in the 16-24 year old crowd that has never had a job but wants a job. I would guess that is a pretty large number of uncounted unemployed. I have 2 of them in my house at the moment. When debts cannot be repaid there is no "equity" Add in the 16-24 year old crowd that has never had a job but wants a job. I would guess that is a pretty large number of uncounted unemployed. I have 2 of them in my house at the moment.

When debts cannot be repaid there is no “equity”

]]> By: Lee Adler- The Wall Street Examiner http://blog.ml-implode.com/2009/11/wall-street-claims-ignorance/comment-page-1/#comment-16 Lee Adler- The Wall Street Examiner Fri, 20 Nov 2009 15:22:54 +0000 http://blog.ml-implode.com/?p=28#comment-16 I tried to get some data on small business bankruptcy and couldn't. The last chart would theoretically encompass everyone, but of course it's a government estimate. The truth is probably even worse than the ugly graphs. I tried to get some data on small business bankruptcy and couldn’t. The last chart would theoretically encompass everyone, but of course it’s a government estimate. The truth is probably even worse than the ugly graphs.

]]> By: Midwest Conservative http://blog.ml-implode.com/2009/11/wall-street-claims-ignorance/comment-page-1/#comment-15 Midwest Conservative Fri, 20 Nov 2009 15:05:40 +0000 http://blog.ml-implode.com/?p=28#comment-15 I've been wondering for some time now how many self-employeed persons whose businesses are off 50-60% or have just folded would like to have unemployment benefits but are not eligable? Didn't we just go through an unprecedented period in history where there were more "Home based businesses" and self employeed persons than ever before? That has to figure in somewhere. I’ve been wondering for some time now how many self-employeed persons whose businesses are off 50-60% or have just folded would like to have unemployment benefits but are not eligable? Didn’t we just go through an unprecedented period in history where there were more “Home based businesses” and self employeed persons than ever before? That has to figure in somewhere.

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