: Unemplyment Numbers

Let’s get this straight, employers cut 467,000 increases for June and the unemployment rate jumps .1%? Now, last month we saw 347K, or so, jobs lost in June and the unemployment rate jumped 4 times what it did today.

I find that odd. How can you have radically different numbers with such a different rate of unemployment? We know the deal, the number is whatever the government wants it to be. Regardless, is this another green shoot or are we going to continue with the “employment is a lagging indicator” BS line?

As stated many times before, and what some people just don’t get, is this is a credit problem, not a liquidity problem. Lehman, Bear they went under because no one would lend them money, not because it wasn’t available. Well, wait it wasn’t available to them because of their credit ratings.

You mix the employment numbers with the piss poor economic data that trickles out and you have weeds, not green shoots. Until unemployment is taken care of then this problem will persist.

On another note, we read Zero Hedge and like them. However, no idea why others are throwing them in the middle of this and am upset that they did not even give us any props for trying to go on the show.

Who are we? One guy has 17 years experience in the investment world as an advisor, as a executive at well known firms and as a person who conducts research. Another is a former investment banker at a well known firm. In other words we are not exactly dummies and some say, never heard of you, no shit sherlock you are day trading options we cover broader economic topics and market conditions and annuities. We stay anonymous because we have other obligations and do NOT care about publicity, we just want out message to get out. Plus, if you look hard enough you will see that Mike is a real person. So whatever.

Thank you Huffington Post!