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Thread: Businesses added 230,000 jobs in October

  1. #11
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    Re: Businesses added 230,000 jobs in October

    Quote Originally Posted by Fishstyx View Post
    I think the instability will be in the finance world. Mortgage backed securities aren't even remotely as popular as they were prior to 2008, actually kind of toxic. Think there are some highly over inflated stocks out there. Amazon, Google, Tesla, Oil, etc all come to mind. Big money players were looking for safe havens after 2008. Actually view their shift back to property as a good sign as its being viewed as a stable option.
    There's far too much cash on the corporate side. I mean look at this:


    Then look at this:

    Sony is one of Japan's largest corporations by revenue. It had revenues of 6.493 trillion in 2012. It also maintains large reserves of cash, with 895 billion on hand as of 2012. In May 2012, Sony shares were valued at about $15 billion.

    You gonna tell me that one little ****ing app is worth more than Sony itself? It's too upside down and skewing actual market values. It's reminding me of the dotcom bubble where everyone was investing in websites that made nothing tangible.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

  2. #12
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    Re: Businesses added 230,000 jobs in October

    Quote Originally Posted by Fishstyx View Post
    I think the instability will be in the finance world. Mortgage backed securities aren't even remotely as popular as they were prior to 2008, actually kind of toxic. Think there are some highly over inflated stocks out there. Amazon, Google, Tesla, Oil, etc all come to mind. Big money players were looking for safe havens after 2008. Actually view their shift back to property as a good sign as its being viewed as a stable option.


    The FED bought a massive block of toxic MBSs from the GSEs and will have to eat them eventually.

    There's no getting rid of those things. They would have to divulge their actual value to try and sell them and they'll never do that .

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    Re: Businesses added 230,000 jobs in October

    Quote Originally Posted by Fenton View Post
    Oh Bull.

    Had the GSEs not been buying up everything that came their way, had they simply TOLD THE TRUTH when they reported their quarterly financial statements to the SEC in 2007 ( for the first time EVER ) instead of HIDING 9/10 of their worthless debt, there would have been ZERO market for those loans let alone all of the worthless derivatives.
    That's kind of what I just said, yet you are acting like you are opposing me. hrrrmmmm..
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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    Re: Businesses added 230,000 jobs in October

    Quote Originally Posted by pinqy View Post
    For the BLS payroll numbers (ADP only reports private sector while BLS reports total nonfarm payroll as the main number with private sector separately) there's no breakdown of full or part time either. For both ADP and the BLS Current Employment Statistics Survey they just take total number of people on payrolls. BLS also gets average hours, overtime, and average pay.
    Come on now, surely you know I am talking about the BLS household survey...which does breakdown into full/part time, etc..

    I could care less about the headline BLS number.



    There's no real way to skew the numbers that I can think of, though it would be interesting to hear your thoughts on how it could be done. But in any case the details of "usually works full time", "usually works part time," and "worked part time for economic reasons" comes from a household survey (the Current Population Survey conducted by the Census). It is a much smaller sample but is not limited to payrolls (so it includes agriculture, self employed, unpaid family workers, private employment, those working off the books etc) and gives demographic details.
    We have been over this ad nauseam...I have no intention of doing it again.

    You wanna believe the BLS skews nothing...go ahead.

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    Re: Businesses added 230,000 jobs in October

    Quote Originally Posted by DA60 View Post
    Come on now, surely you know I am talking about the BLS household survey...which does breakdown into full/part time, etc..
    Yes, I knew you meant that. My point was that the ADP survey is not analogous to the household survey, but closer to the payroll survey. The household survey employment information doesn't tell anything close to the ADP survey.


    We have been over this ad nauseam...I have no intention of doing it again.

    You wanna believe the BLS skews nothing...go ahead.
    It's not belief. I know of no way to do it. But you believe they can and do, yet you are unable to say how. So what is your belief based on except your own bias and prejudice?
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

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    Re: Businesses added 230,000 jobs in October

    Quote Originally Posted by pinqy View Post
    Yes, I knew you meant that. My point was that the ADP survey is not analogous to the household survey, but closer to the payroll survey. The household survey employment information doesn't tell anything close to the ADP survey.



    It's not belief. I know of no way to do it. But you believe they can and do, yet you are unable to say how. So what is your belief based on except your own bias and prejudice?
    I have told you MANY times.

    You want more...read Marc Faber, Jim Rogers, Silexx Market Preview, zerohedge, Peter Schiff, Ron Paul...they can explain it far better then I can.





    Good day.
    Last edited by DA60; 11-05-14 at 04:28 PM.

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    Re: Businesses added 230,000 jobs in October

    Quote Originally Posted by poweRob View Post
    That's kind of what I just said, yet you are acting like you are opposing me. hrrrmmmm..


    You said " Banks ".

    There's a major distinction between the two.

    The GSEs were poorly regulated, were exempt from paying Federal and Local taxes, had a 4 Billion dollar line of credit straight from the Treasury that no one could touch and were exempt from SEC reporting requirements all the way up to 2006 ( when they did submit a quarterly statement it was nothing but lies ) and were defended down to the day they were declared insolvent by the Democrats.

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    Re: Businesses added 230,000 jobs in October

    Quote Originally Posted by Fenton View Post
    You said " Banks ".

    There's a major distinction between the two.

    The GSEs were poorly regulated, were exempt from paying Federal and Local taxes, had a 4 Billion dollar line of credit straight from the Treasury that no one could touch and were exempt from SEC reporting requirements all the way up to 2006 ( when they did submit a quarterly statement it was nothing but lies ) and were defended down to the day they were declared insolvent by the Democrats.
    Perhaps you'll be happy about this then:

    The Final Rule: Fed Issues Regulation to Stop 'Too Big to Fail'

    The U.S. Federal Reserve unveiled a final rule on Wednesday designed to prevent large financial firms from becoming so big that their failure could shake the core of the U.S. financial market.

    The final rule, required by the 2010 Dodd-Frank Wall Street reform law, prohibits banks and certain large financial firms from acquiring another company if that merger would cause their liabilities to exceed 10 percent of the total consolidated liabilities for all financial firms.

    The Fed said on Wednesday that its final rule is "substantially similar" to the one it proposed in May, but contains a few changes.

    Wednesday's rule applies to banks and to large financial firms who are designated as "systemic" by the Financial Stability Oversight Council (FSOC), a federal government panel of regulators that polices for emerging market threats.

    The FSOC has already designated General Electric Co's GE Capital, American International Group Inc and Prudential Financial Inc as systemic. It has also proposed designating Metlife Inc , although the company has hired a lawyer to fight the proposal.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

  9. #19
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    Re: Businesses added 230,000 jobs in October

    Quote Originally Posted by poweRob View Post
    Perhaps you'll be happy about this then:

    The Final Rule: Fed Issues Regulation to Stop 'Too Big to Fail'

    The U.S. Federal Reserve unveiled a final rule on Wednesday designed to prevent large financial firms from becoming so big that their failure could shake the core of the U.S. financial market.

    The final rule, required by the 2010 Dodd-Frank Wall Street reform law, prohibits banks and certain large financial firms from acquiring another company if that merger would cause their liabilities to exceed 10 percent of the total consolidated liabilities for all financial firms.

    The Fed said on Wednesday that its final rule is "substantially similar" to the one it proposed in May, but contains a few changes.

    Wednesday's rule applies to banks and to large financial firms who are designated as "systemic" by the Financial Stability Oversight Council (FSOC), a federal government panel of regulators that polices for emerging market threats.

    The FSOC has already designated General Electric Co's GE Capital, American International Group Inc and Prudential Financial Inc as systemic. It has also proposed designating Metlife Inc , although the company has hired a lawyer to fight the proposal.
    The GSEs were exempted from the Dodd Frank Wall street reforms.

    The two most corrupt Financial entities involved in the Subprime mortgage crisis were given a pass by two low life Politicians that were instrumental in their insolvency.

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    Re: Businesses added 230,000 jobs in October

    Quote Originally Posted by Fenton View Post
    The GSEs were exempted from the Dodd Frank Wall street reforms.

    The two most corrupt Financial entities involved in the Subprime mortgage crisis were given a pass by two low life Politicians that were instrumental in their insolvency.
    So you are going to pin the whole 2007 economic fall on fannie and freddie are ya?
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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