Metal Sludge Gossip Board

"Strong jobs report"---You really don't understand simple economics do you? The low wage "recovery" rolls on.

Sheep_Mafia wrote:"Strong jobs report"---You really don't understand simple economics do you? The low wage "recovery" rolls on.

LMFAO, nothing positive can happen while the black man is in the White House.

You stupid fucking racist idiot. Talk about not understanding simple economics. Can you talk about economics without contradicting yourself in some way? Low wage growth means low inflation, high corporate profits both of which motivate investors to move money from gold to stocks. So you are describing a jobs report that would drive down gold, ass wipe.

However, the reason the jobs report is called strong is because the payroll number beat expectations. A jobs report that beats expectations is a strong jobs report. Strong is a relative word. Instead of jumping into a thread, pulling down your pants and showing everyone your zit covered unwiped ass, ask "strong relative to what?" It's strong relative to expectations, dumb ass.

It's alleged that gold traders had early access to the jobs report and shorted gold seconds before the jobs report was released because they knew the jobs report would drive down gold prices.

Pay attention to the following sentence:

"The better-than-expected payroll number led them to short gold which is down 2.4% so far today. "






Here is private payroll job growth in May for the last 20 years. .2% increase is a solid number, dunce. So the payroll number is strong by historical standards as well as relative to expectations.

1-Month Percent Change
Super Sector: Total private
Year May
1993 0.3
1994 0.3
1995 0.0
1996 0.3
1997 0.3
1998 0.3
1999 0.2
2000 -0.1
2001 -0.1
2002 -0.1
2003 0.0
2004 0.3
2005 0.1
2006 0.0
2007 0.1
2008 -0.2
2009 -0.3
2010 0.1
2011 0.2
2012 0.1
2013 0.2(P)

Not surprised at all that your ignorant, excuse making intellect leads you right to the racist card. What else do you really have at this point? Disgraceful tactic but again, I understand why you would sink to it giving how much of a party hack you are and the failure that continues to unravel. Man up idiot.

Jobs report is not anywhere strong especially when you look at wage growth which missed estimates and stayed flat (as in flatly weak). You and some other liberal hacks are calling this jobs report strong. That doesn't make that reality and there is no accepted definition of strong as it relates to the jobs report.

Again, there are two options here--you either don't understand simple, basic economics or you are just being your usual pathetic Obama flag waving self. Neither of those options are good looks DRJ.

Sheep_Mafia wrote:Not surprised at all that your ignorant, excuse making intellect leads you right to the racist card. What else do you really have at this point? Disgraceful tactic but again, I understand why you would sink to it giving how much of a party hack you are and the failure that continues to unravel. Man up idiot.

"Got any straws?"

Sheep_Mafia wrote:Not surprised at all that your ignorant, excuse making intellect leads you right to the racist card. What else do you really have at this point?

Obama getting re-elected by a huge margin? What part of 332 to 206 do you not understand? The election was about the economy stupid. Romney asked "are you better off than you were 4 years ago?" The answer was 332 to 206.

Sheep_Mafia wrote:Disgraceful tactic but again, I understand why you would sink to it giving how much of a party hack you are and the failure that continues to unravel. Man up idiot.

Party hack? I've voted Republican far more often than Democrat. Hard to support a party now though when it's full of racist white trash idiots such as yourself.

Sheep_Mafia wrote:Jobs report is not anywhere strong

The market disagrees with you idiot. Just showed you how the gold traders responded to the jobs report.

Sheep_Mafia wrote:especially when you look at wage growth which missed estimates and stayed flat (as in flatly weak).

Wage growth did not miss estimates or remain flat.

From the jobs report:

"Over the year, average hourly earnings have risen by 46 cents, or 2.0 percent."

Annual rate of inflation won't be 2% in May. So there is real earnings growth this past year and you're proven again to be a liar. Sucks to be you bitch. The facts just are not on your side. Why? Because your perception of reality is clouded by racism.

Sheep_Mafia wrote:You and some other liberal hacks are calling this jobs report strong. That doesn't make that reality and there is no accepted definition of strong as it relates to the jobs report.

LMFAO, you dunce. If there is no accepted definition, then how can you say it is not strong? You just put your foot in your mouth again.

Look dumb ass. I already showed to you that the gold market viewed the jobs report as strong and as a result gold went down.

This is not something that only liberal hacks are claiming.

Robert Wenzel who is a far right gold bug on economic issues found the above blog post persuasive.

Is the Jobs Number Getting Leaked?
http://www.economicpolicyjournal.com/20 ... eaked.html

Sheep_Mafia wrote:Again, there are two options here--you either don't understand simple, basic economics or you are just being your usual pathetic Obama flag waving self. Neither of those options are good looks DRJ.

LMFAO, the fact is you do not understand simple basic economics. Why are you blaming Obama for wages? How many fucking times does this have to be explained to you?

There were more employed in the private sector in Jan 1999 than in Jan 2010. Meanwhile the working age population grew for 11 years. Population grows 13% and private employment grows ZERO. This creates a excess supply of labor. Slack in the labor market creates sluggish wage growth. You won't see strong wage growth until the economy is close to full employment. It will take a full decade to recover from Bushonomics because Bushonomics killed a decade+ of jobs.

Civilian Noninstitutional Population & Private payroll employment
http://research.stlouisfed.org/fredgraph.png?g=jiF