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Re: Big Miss 69

By: Cactus Flower in ALEA | Recommend this post (0)
Fri, 01 Jun 12 6:11 PM | 74 view(s)
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Msg. 08224 of 54959
(This msg. is a reply to 08223 by faul)

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Hi doma,

What is going on is surely not so unexpected.

The stimulus was working. The stimulus has been petering out. The Republicans resisted extending the stimulus. We are now in the scenario the neo-Keynesians predicted. The recovery is losing steam.

For myself, I hoped that the private sector would commit to the recovery. They have not done so in the volumes I expected. So the momentum is slipping away.

I don't doubt the figures when they support me. I don't doubt them when they go against what I would have them do. This is a reflection of the decisions taken by politicians.


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The above is a reply to the following message:
Big Miss 69
By: faul
in ALEA
Fri, 01 Jun 12 6:03 PM
Msg. 08223 of 54959

thousand.................i said those manipulated figures
at the beginning of the year were.....manipulated!
More Fiat money printing coming....rumours are it's
$100 Trillion to fix things........!!

"And we have NEW QE liftoff, just as we predicted yesterday: "That the ADP would miss today's expectations of 150K is no surprise: after all as we have been explaining for a while, the only way the Fed will have a green light to proceed with NEW QE if it so chooses at the June 19-20 meeting, is if the economic data suddenly turn horrendous. Which means tomorrow's NFP data is make or break: in fact, as far as markets are concerned, the worse the better - should a -1,000,000 NFP print come in, stocks will soar." It may take a little while for the realization to soak in. The actual number of +69,000 was a massive miss to both the expectation of 150,000, and the whisper number 100,000, and a drop from the massively revised April 77K, which was 115K before. And that is with a 204,000 addition from Birth Death. Just a total disaster for Obama who has decided to sacrifice the perception of an improving economy just so he can give Bernanke a green light to goose the stock market."


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