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US PAYROLLS BEAT EXPECTATIONS, UNEMPLOYMENT RATE RISES
Business Insider Australia ^ | March 7, 2014 | Matthew Boesler

Posted on 03/07/2014 5:50:10 AM PST by John W

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To: Wyatt's Torch
Yeah Country Clubs took a huge hit in Atlanta as well

Just got back from the Tampa area on vacation. I've been going down there about the same time since the crisis hit. Even this year it is still easy to get tee times on what were once totally private clubs. Before the crisis hit, it was hard to get a tee time for under $100 anywhere in Feb. One can play many of those courses for $60 or so. The golfers have been out in full force the last couple of years, but are unwilling to drop mega bucks to do it. The bars near the condo are full at 9:00 A.M., so money is flowing again...

41 posted on 03/07/2014 7:04:14 AM PST by EVO X
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To: RipSawyer

I’ll be in Rehab by 2016 at this rate - and I may not come OUT depending upon who the new President is! :)


42 posted on 03/07/2014 7:19:03 AM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: Wyatt's Torch

There’s not much more the Fed can do. They really are out of bullets. I suspect that Obama will not acquiesce even in the face of a GOP rout on Congressional races in the fall.

Obama and his cadres are true believers in a way that the Boy President wasn’t. Clinton needs to be liked and gets politics. He compromised and tactically cut around the GOP while coopting their program. He wraps himself in it all the time.

Obama will reject that and fight to the death. He’s taking Reid down with him along with the DNC. That’s why I believe little will change after the GOP takes over Congress. It will be better for us on judicial and other appointments, but Obama will still use every lever of federal power to undermine the free market.

So the next two years will be, hopefully, the GOP working to rein Obama’s abuses in and the 2016 POTUS will sit on the greatest economic expansion since the Lochner Era. Just undoing all the anti-business executive decisions would free up capital. The US could grow 5%+ in real terms as excess labor is brought into productive capacity and welfare/government debt is curtailed.


43 posted on 03/07/2014 7:33:57 AM PST by 1010RD (First, Do No Harm)
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To: 1010RD

Agree completely. The Fed has done what it can do (and the right thing to do IMHO). It’s all been muted by the fiscal disaster in Washington on both sides of the aisle.

BTW your signature is perfect for this discussion :-)


44 posted on 03/07/2014 7:48:33 AM PST by Wyatt's Torch
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To: no-to-illegals

Not sure why it is strange. Providing liquidity in a liquidity crisis is supposed to do exactly that. The problem is that it’s not working because of the crushing regulations and uncertainty coming from the fiscal side.


45 posted on 03/07/2014 7:50:15 AM PST by Wyatt's Torch
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To: MrB

It’s always revised. Nobody should ever be surprised that estimates are revised when more data comes in.

We do a “flash’ report of our financials on day two of the month. It’s always different when we close 3 days later.


46 posted on 03/07/2014 7:51:58 AM PST by Wyatt's Torch
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To: Wyatt's Torch

Is it always way off in one predictable direction?


47 posted on 03/07/2014 7:53:35 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: txrefugee

Is part-time hires the reason the number of hires goes up and the rate goes up, too?


48 posted on 03/07/2014 7:55:46 AM PST by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
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To: citizen

Isn’t it amazing how EVERY SINGLE ONE of obama’s “employees” are on the same page!


49 posted on 03/07/2014 7:56:53 AM PST by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
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To: Wyatt's Torch

Have you ever studied University Economics by Alchian & Allen?

They make the correct argument that economics can only tell you the consequences of certain policies or conditions. It cannot tell you what is desirable. Its forecasting abilities are limited given the complexities of a 16 trillion dollar economy.

That’s why Chile did so well under the Chicago Boys. They taught Pinochet the correct policy. The people did the rest.


50 posted on 03/07/2014 7:57:51 AM PST by 1010RD (First, Do No Harm)
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To: Wyatt's Torch

Country club buying opportunity. Things will come back. Eventually pessimism gives way.


51 posted on 03/07/2014 7:58:58 AM PST by 1010RD (First, Do No Harm)
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To: Wyatt's Torch
Agree all QEs have been a failure though nobody dares say such. The same ones that pushed through the QEs are also the same ones placing crushing regulations and uncertainty. The train left the station and nearly all of D.C. climbed on board or enough of them anyways to do the damage which has been done. I should not wonder why though. I'd go insane.
52 posted on 03/07/2014 7:59:12 AM PST by no-to-illegals (Scrutinize our government and Secure the Blessing of Freedom and Justice)
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To: EVO X

Enjoy the deflation.


53 posted on 03/07/2014 7:59:49 AM PST by 1010RD (First, Do No Harm)
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To: Wyatt's Torch

I agree. Most of the anger at the Fed is more anger over the fiscal policies out of Washington. They are the lender of last resort, they’re not the Treasury or the WH or Congress.


54 posted on 03/07/2014 8:02:46 AM PST by 1010RD (First, Do No Harm)
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To: Wyatt's Torch

- SOLUTION :

- Call yourself a “Futurist” and open a cold beer……..


55 posted on 03/07/2014 8:07:20 AM PST by devolve (- Tell Vladimir after my erection I have more FLEXIBILITY -- I need more SPACE - BHO Jr -)
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85 billion $ (stimulus spending or fed input per month) * 12 months (year) = 1.02 trillion $. Little shrug of zzz shoulders.
56 posted on 03/07/2014 8:09:13 AM PST by no-to-illegals (Scrutinize our government and Secure the Blessing of Freedom and Justice)
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and the standard answer is ... it is only $1.67 per each man, woman and child (approximately) in America ... what difference does it make? One has a bad attitude if one doesn't believe it makes no difference or so have heard.
57 posted on 03/07/2014 8:23:41 AM PST by no-to-illegals (Scrutinize our government and Secure the Blessing of Freedom and Justice)
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To: John W

Yeah, sure....

58 posted on 03/07/2014 8:24:16 AM PST by SoFloFreeper
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To: Wyatt's Torch

Great chart buit where are we now on that chart - how many months?


59 posted on 03/07/2014 8:27:25 AM PST by plain talk
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To: John W

“The unemployment rate unexpectedly rose to 6.7% from 6.6%. Labor force participation was unchanged at 63.0%.”

Please help a poor old senior citizen.

Has there ever been a monthly employment report where the word unexpected or unexpectedly hasn’t been used?


60 posted on 03/07/2014 8:36:03 AM PST by Grampa Dave ( Obozo Care is a Trinity of Lies! Obozo Care is probably a serious Black Swan event.)
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