patrick.net

What I don't get, is every movie flopped this summer, and at the same time, our money geniuses have reckoned that movies can be a part of the GDP. They even cite this months better than expected GDP due to using these new numbers, that includes technology purposes. As another poster so cleverly put it, even your post here is part of that 1... oops, you just tipped it over to 1.8%.

Mere Kick The Can results of Ben Bernanke Money Printing!

Fake numbers produced by fraudulent statisticians!

I'm not listening!

Wow! 1.7%! Faster than expected!

APOCALYPSEFUCK is Shostakovich says

Those 200,000 people should be able to double the prices of houses in America

Buy in Stockton now - this afternoon, if at all possible.

Low-end Stockton properties will be $484 per square foot by late September.

LOLZ, and Q1 was revised downwards to 1.1% from 1.8%. At this point you have to lay down the pom-poms, it was a nice ride on the Feds QE rocket while it lasted ;)

APOCALYPSEFUCK is Shostakovich says

Those 200,000 people should be able to double the prices of houses in America working 11 hours a month for McFuckMart and sucking off the occasional oligarch.

Finally 3/2 stockton meth-labs can return to their fair intrinsic value after being bogged down unfairly by the recession: $10.000.0000!!

Yay, 200,000 McJobs have been created!

Since patnet seems to have turned belligerently litigious I'd like to add the disclaimer that there is absolutely no investment advice to be found here, no matter how hard you look ;) Furthermore leveraged ETFs such as FAZ and SRS are mainly daytrading vehicles (due to decay) and should be traded in and out on a frequent basis. Ok, now continue the cheerleading please ;)

APOCALYPSEFUCK is Shostakovich says

Get in now OR BE PRICED OUT FOREVER!

Bubble Fed speaking later today and doctored job numbers out Friday = house prices to double by the end of the weekend - watch your shorts and grab your ankles ;)

Awesome news.

100,000 college students can continue to find TWO PART TIME JOBS!

The other 100,000 students are all unemployed but who cares about them, GDP rose a staggering 1.7%.

What percentage of those jobs are full time?

130,000 FULL TIME JOBS CREATED IN 6 MONTHS IN THE USA IS STILL A DEPRESSION!

It's not like we are QE $1Trillion a year 0.0666% of GDP

Facebooksux says

scour for distressed housing in Detroit, buy as much as possible

But don't forget about the unpaid property taxes you will owe.

As usual Roberto "KNOWS NOTHING"

smaulgld says

GDP in fist qtr revised down from 1.8 to 1.1. Gdp in second qtr prints at 1.7 so it looks like GDP is growing!

second qtr qdp will be revised down too

In 2013 239,000 minimum wage restaurant and bar jobs have been created. Manufacturing jobs; 13,000.

Prompting a victory tour and photo op at an Amazon Sweatshop for the corporate lackey Obama, which garnered this response from the American Booksellers Assoc.-

"As you’ve noted so often, small businesses are the engines of the economy. When a small business fails and closes its doors, this has a ripple effect at both a local and a national level. Jobs are lost, workers lose healthcare and seek unemployment insurance, and purchasing decreases. And while Amazon may now be boasting about the creation of jobs, any gains are elusive, and not a long-term solution. The simple fact is that Amazon’s practices are detrimental to the nation’s economy."

My business is BOOMING!

I had to hire lots more workers to staff an annex for Nazi Memorabilia.

Take a look at today's data:

few jobs created -162K-1/2 in retail and restaurant
average work week down
wages down
consumer spending up
labor participation down

http://patrick.net/?p=1227764

77% Of Jobs Added So Far This Year Have Been Part-Time

More broadly, many of the jobs added in July are only part time. The number of Americans who said they were working part time but would prefer full-time work stands at 8.2 million – the highest since last fall. Part-time jobs account for 65% of the jobs added in July and 77% of those added this year.

http://bit.ly/13te4Fh

But "GOVERNMENT STATS SAY UNEMPLOYMENT IS DOWN"

Even going so far as say "7.4%, a hopeful sign."

WHAT A JOKE!

Investors are not buying it

There is nothing hopeful about this, nothing.

May-June 2013 unemployment figures adjusted downwards of 26,000

250K people dropped out of the work force in July 2013.

The economy is not growing.

http://online.wsj.com/article/SB10001424127887323916304578404682616834330.html

The share of the population that's either working or looking for work, a metric known as the participation rate, fell to 63.3% in March, its lowest level since 1979. Nearly half a million Americans dropped out of the labor force in March, the biggest one-month decline since December 2009.

Robert Sproul says

And while Amazon may now be boasting about the creation of jobs, any gains are elusive, and not a long-term solution.

yep.. burger flipping and shoveling books and other stuff in a warehouse.

puhim says

Nearly half a million Americans dropped out of the labor force in March, the biggest one-month decline since December 2009.

total is around 5 million.. pathetic!

robertoaribas says

gdp up 1.7%, 200,000 new jobs.... ignore this and return to usual doom and gloom

http://www.bloomberg.com/news/2013-08-02/the-very-worst-part-of-today-s-lousy-jobs-report.html

The BLS report also tells us what kinds of jobs were added. Here again, the news is not particularly encouraging. More than half of the jobs added last month were either in retail trade or "food services and drinking places." People employed in those sectors tend to have much shorter work weeks and much lower hourly wages than everyone else.

"But the proliferation of low-wage jobs is leading to anemic growth in incomes. Average hourly wages were up by less than 2% in July from a year earlier, continuing a pattern of weak wage growth in the recovery. A broader measure of income released by the Commerce Department on Friday showed that inflation-adjusted incomes actually fell slightly in June"

robertoaribas says

puhim says

Average hourly wages were up by less than 2% in July from a year earlier,

from the nitwits on here, you'd think average hourly wages were down 20%.... up 2% is up. as in better.

Getting better as fast as everybody would like? no. Getting better nevertheless? yes!

Hourly pay has grown by just 1.9 percent over the past 12 months -- basically unchanged since the end of 2009

Gee, I wonder why

robertoaribas says

from the nitwits on here

nitwits vote.. they can vote you lose a lot of your landlord tax breaks..

then the nitwits can watch you squirm... democracy is a bitch!

thomaswong.1986 says

robertoaribas says

from the nitwits on here

nitwits vote.. they can vote you lose a lot of your landlord tax breaks..

then the nitwits can watch you squirm... democracy is a bitch!

You're asking the same folk who constantly vote to lower taxes on the "job creators" to raise taxes on landlords?

Good luck with that! No really, Good luck

New Renter says

You're asking the same folk who constantly vote to lower taxes on the "job creators" to raise taxes on landlords?

na! clearly Roberto doesnt need all them deductions,

he doesnt hire people and provide health care. Not at all!

he needs to spread the wealth around .. right ?

robertoaribas says

homaswong.1986 says

nitwits vote.. they can vote you lose a lot of your landlord tax breaks..

then the nitwits can watch you squirm... democracy is a bitch!

do you have a brain eating amoeba? you seem to be getting stupider by the day... if not by the post! Soon that poor amoeba will starve to death!

Keep talking ! 18,000 daily Pnet visitors read your posts...

who knows they might even rob you of your homes copper pips.

LOL! now that would ironic...