9-Jul-11 News -- Economists in shock at seminal jobs report

[John]

9-Jul-11 News -- Economists in shock at seminal jobs report for June


Generational crisis era transitions

** 9-Jul-11 News -- Economists in shock at seminal jobs report for June
** http://www.generationaldynamics.com/cgi ... b#e110709b


** 9-Jul-11 World View -- U.S.-Pak relations worsen again
** http://www.generationaldynamics.com/cgi ... 09#e110709



Last space shuttle takes off


Contents:
"Economists in shock at seminal jobs report for June"
"Revisiting the 1930s"
"Generational crisis era transitions"

### World View - U.S.-Pak relations worsen again
"Half a million people protest in Hama, Syria"
"U.S. - Pakistan relations once again significant worsen"
"Last space shuttle takes off"
"Gaddafi shouts defiant threat at Nato"
"Egypt's protesters hold 'March of the Million'"
"The world has a new country - South Sudan"

Keys:
Generational Dynamics, jobs report, Ron Sims

Keys:
Generational Dynamics, Hama, Syria, Robert Ford, Eric Chevallier,
Mike Mullen, Pakistan, Syed Saleem Shahzad, Muammar Gaddafi,
libya, Egypt, Tahrir Square, Cairo, South Sudan

[GULFBREEZECPA]

I was also watching CNBC when the jobs report came out on July 8th. One of the commentators had the nerve to say "last time we had a bad jobs report the market ended up for the day". This was not true: I traced the last jobs report to June 3, 2011, and the DOW and S&P were down almost 1% for that day. I guess she could have backed up her story by referring to the prior weeks unemployment report - which showed 1,000 jobs improved over the previous week, but 7,000 jobs less than expected.

If you look at Marektwatch.com, they do the same thing. I've seen headlines that blame the market going down on oil going up, and at the same time blame the oil index going down because oil is going down - what gives?

In any event, I guess that the big fund managers are running the stock market show and they will make the market go whichever way they want regardless of the news - so the small investor is at the mercy of their decisions on how to invest the huge 401, SEPs, and other investor's funds. This is the worst labor and housing market I've seen in my lifetime, but the market acts like its "no big deal - things will turn around any minute" - what the heck is going on?

[John]

> I was also watching CNBC when the jobs report came out on July
> 8th. One of the commentators had the nerve to say "last time we
> had a bad jobs report the market ended up for the day". This was
> not true: I traced the last jobs report to June 3, 2011, and the
> DOW and S&P were down almost 1% for that day. I guess she could
> have backed up her story by referring to the prior weeks
> unemployment report - which showed 1,000 jobs improved over the
> previous week, but 7,000 jobs less than expected.

> If you look at Marektwatch.com, they do the same thing. I've seen
> headlines that blame the market going down on oil going up, and at
> the same time blame the oil index going down because oil is going
> down - what gives?

> In any event, I guess that the big fund managers are running the
> stock market show and they will make the market go whichever way
> they want regardless of the news - so the small investor is at the
> mercy of their decisions on how to invest the huge 401, SEPs, and
> other investor's funds. This is the worst labor and housing market
> I've seen in my lifetime, but the market acts like its "no big
> deal - things will turn around any minute" - what the heck is
> going on?

I've been writing for years about what goes on at CNBC and Bloomberg
TV. In particular, these networks lie outright about price/earnings
ratios.

** 5-Oct-10 News -- Goldman Sachs's Cohen gives price/earnings fantasy
** http://www.generationaldynamics.com/cgi ... 05#e101005

** 24-Aug-10 News -- Ariel's Bobrinskoy gives price/earnings fantasy
** http://www.generationaldynamics.com/cgi ... 24#e100824

The dynamic is that these networks have to support their advertisers,
the people who make commissions by investing other people's money in
the stock market. Hence, the stock market is always going up,
valuations are always low, and anyone who says anything negative is
not invited back.

John

[Higgenbotham]

This graph of the employment population ratio was posted tonight in the Financial Topics thread with some other indicators.

http://research.stlouisfed.org/fred2/series/EMRATIO

Following all the recessions since 1974, this ratio had declined to higher lows until the recent recession, where it fell steeply and crashed through two previous post 1974 lows. I'm also noticing that sometimes this ratio will stall for a few months after a recession ends, then will begin to rise. My guess is that the economists were sure it was due to rise this month as it always has a few months after a recession ends. But it didn't and they were shocked. Think how shocked they wil be if it falls more and goes to a new post recession low.