Thursday, February 09, 2012
1. This could be the Ben Bernanke quote of the year
 
2. An incredible -- and controversial -- take on unemployment, debt, and the "real" economy
 
3. Why the Fed's "zero interest-rate policy" is so bad
 
1. Richard Russell: This could be 2012's "market moving" event
 
2. Porter Stansberry: These facts show the "End of America" is coming
 
3. New report reveals Federal Reserve president owns millions in gold and platinum
 
4. Military insider: The Pentagon is lying about Afghanistan
 
5. This popular "health" drink is incredibly bad for you
 
Over 820,000 jobs will disappear tomorrow morning
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Thursday, February 04, 2010
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From Mish's Global Economic Trend Analysis:

On Friday, expect to see the BLS revise job creation estimates down by a whopping 824,000 jobs. The culprit, as I have been harping on for a couple years is a birth-death model far out of sync with reality.

Bloomberg has some nice interactive charts in an article Birth Death Model Insights.

Originally the BLS said 4.8 million jobs were lost between April 2008 and March 2009.

This is what it looks like now...

Read full article (with charts)...
 
More government stupidity:

The White House's BIG budget lie

The silent victims of government intervention

Thomas Sowell: Government pulling job numbers "out of thin air"

Topics: Economy | Government Stupidity | Boondoggle
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