Saturday, March 10, 2012

Let's Pretend "Job Growth Is Best Since 2006"

By Charles Hugh Smith, www.oftwominds.com

"Instead of just swallowing Ministry of Propaganda swill, let's examine actual data. If we do that, we find job growth is mostly smoke and mirrors.

"The Ministry of Propaganda and its media minions are announcing that "job growth is on a tear" and the "best growth since 2006." How about we look under the hood of the employment euphoria?"

An excellent article by one of today's brightest minds with helpful charts make short work of government's current "all is well" campaign can be found here and I commend it to Your review: http://www.oftwominds.com/blogmar12/pretend-jobs3-12.html

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Saturday, December 03, 2011

The Unemployment Numbers: Government Spins Chickens_hit Into Chicken Salad

I am in Puerto Vallarta this week for Save A Mexica Mutt, Www.saveamexicanmutt.org

But I took the time yesterday to review the unemployment numbers that resulted in all the glad-handing in Washington and all of the government news channels (CNBC), the combination resulting in me shorting the market hard near the open and in finding this excellent parsing of the unemployment picture which was better than my own. Read 'em and weep and know this as a matter of certainty -- when the government gets this animated about anything, they are lying.

Here is a sad, but classic, example:

http://www.zerohedge.com/news/key-charts-nfp-report-records-jobless-duration-and-people-who-want-job-civilian-labor-force-plu

Review the four charts in that article and ask yourself, "For whose benefit was it to spin the unemployment numbers from the chickenshit they are into the chicken salad they want us to believe they are?"

Therein lies the answer to the lies.

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