isn't traditional media, that's the actual data sheet.
oops, I misread your comment.
Yeah, most of the people on EP can indeed read these reports, run spreadsheets, number crunch and many also have at least some economic theory. This is one of the main goals for EP is to get regular folks reading legislation, indicators, theory, policy for themselves or at least get an alternative view point, from people who are like themselves.
If you notice I try to pull the original data sheets, the original statistics, when reporting on any EIs.
The reason I do that and read them for myself, is because the MSM spins so much.
I also think it's useful for all of us to learn how to read the actual reports.
For example, I doubt you'll see too many MSM articles pointing to the 4 columns as contracting faster.
Then I'd say that conservatives failed in the current economy, because things are changing mighty quickly.
Change for the sake of change does us no good. Progress for the sake of Progress will only lead to a widening of the gap between the rich and the poor, and more Americans out of work.
Only changing the definition of progress will do the trick.
-------------------------------------
Maximum jobs, not maximum profits.
The NMI (Non-Manufacturing Index) registered 46.4 percent in July, 0.6 percentage point lower than the 47 percent registered in June, indicating contraction in the non-manufacturing sector for the 10th consecutive month, at a slightly faster rate.
The Non-Manufacturing Business Activity Index decreased 3.7 percentage points to 46.1 percent. The New Orders Index decreased 0.5 percentage point to 48.1 percent, and the Employment Index decreased 1.9 percentage points to 41.5 percent.
The Prices Index decreased 12.4 percentage points to 41.3 percent in July, indicating a significant decrease in prices paid from June.
You might want to pull in some of these numbers, from the actual report into your post.
Well, those MSM finance people were reporting "slower contraction" as an expansion previously but this report shows contraction and faster than last month, so you're right, it's pretty hard to spin that one.
If they voted for McCain let them rot in hell and let them fend for themselves. The National Guard? that would cost us people in California tax money we need.
That may make a difference. GE SEC violations sound pretty serious and particularly misleading - Worldcom-like. If I was a shareholder I would be pissed.
SEC fines are a slap on the wrist because that is the capitalist system we operate in - theoretically any deterrent or punishment will be dealt with in the "market". The problem is that the damage will have been already done and good luck disgorging any misleading gains or profits from companies or executives.
In the case of GE, if this prompts further investigation and lawsuits it may uncover how serious the violation were. It may hurt their credibility and more analyst may question future earnings reports from GE.
Thorough work, eagle links, straight data and forthright discussion are top recommendations for EconomicPopulist, but there's captcha and there's EP's captcha, a strong incentive to register!
I notice you commenting quite a bit. If you create an account, log on, then you can see who has replied to your comments, track your discussion and best of all, avoid the CAPTCHA.
For me it's time to reconcile how we grok critical information. Lionel Bidal posted thoroughly June 23 at seekingAlpha, clearly revealing that in 2008 for the first time the IEA conducted for a detailed field-by-field analysis of global oil production.
15 December 2008 the Guardian's George Monbiot puts the question to Fatih Birol, chief economist of the International Energy Agency - and is both astonished and alarmed by the answer.
wanted to increase the tax rate on the rich to pay for improving education and put it to a referendum. The people of Alabama said NO! in no uncertain terms, which oddly took him aback (he actually thought he had a chance) and he's gone vox populi vox dei. Train wreck time.
to conditional probability. Go beyond Markovian and talk about non-Markovian dynamics. Which would be a good lead in to a genus of Very Dark Grey Swans.
and there isn't a crisis going on here where Americans plain need jobs...
nope, move along, nothing to see.
One would think, considering this is in "red state country" some of these people would stop drinking the corporate kool-aid, disguised as "conservatism" (there are reports that the disruption in town halls on health care is corporate lobbyist funded), and start demanding some real change...
I mean it's beyond ridiculous, we have the battle of the corporate talking points painted red vs. the corporate talking points painted blue.
How do you find these things midtowng? This is yet another post where I, as site admin, see it and think some spammer or CT person "got through" the site security...only to discover the outrageous post is actually true!
Which, if the Fed and the Treasury were foolish enough to force that level of inflation, wouldn't be worth a Zimbabwean baked bean.
-------------------------------------
Maximum jobs, not maximum profits.
I'm not an Elliot Wave kind of guy. From what I can tell there are so many different ways of interpreting the data that its predictive ability is largely useless.
As for going to near zero, that isn't going to happen either, if only because the Fed and Treasury won't let it happen. I think inflation will keep the nominal prices up, even if the real prices decline.
Robert just added "salted and barren" to the "???Shoots Poll". I guess his eyeballs started spinning in their sockets like mine did after reading this article. This Elliott Wave stuff is fascinating to me, but way over my head. Would you have a look at it please, and hopefully contradict it. I mean, how probable is a DOW approaching ZERO!?!
I agree that the fundamentals are woeful and I truly believe this is the sucker of all sucker rallies. I also read this article which is in total agreement with you and also explains why extreme volatility supports that conclusion.
so another question for me asks what fueled the original 1930 suckers rally?
Today I saw even on pathetic corporate press kit hype machine CNBC discussion that the market will correct down again, based on PI, unemployment rate, consumer spending.
Whatever! S&P earnings is key. If you look at the composition of the earnings reports many companies met or exceeded targets based on cost cutting not earnings growth. Cost cutting only goes so far. Unless there is a huge reversal in the economic fortunes of Americans - earning growth will be non-existent for a while and any bull market will be just bullsh*t.
isn't traditional media, that's the actual data sheet.
oops, I misread your comment.
Yeah, most of the people on EP can indeed read these reports, run spreadsheets, number crunch and many also have at least some economic theory. This is one of the main goals for EP is to get regular folks reading legislation, indicators, theory, policy for themselves or at least get an alternative view point, from people who are like themselves.
If you notice I try to pull the original data sheets, the original statistics, when reporting on any EIs.
The reason I do that and read them for myself, is because the MSM spins so much.
I also think it's useful for all of us to learn how to read the actual reports.
For example, I doubt you'll see too many MSM articles pointing to the 4 columns as contracting faster.
That is not a recovery, period.
Why copy traditional media if it is the truth that we seek?
RebelCapitalist.com - Financial Information for the Rest of Us.
Then I'd say that conservatives failed in the current economy, because things are changing mighty quickly.
Change for the sake of change does us no good. Progress for the sake of Progress will only lead to a widening of the gap between the rich and the poor, and more Americans out of work.
Only changing the definition of progress will do the trick.
-------------------------------------
Maximum jobs, not maximum profits.
July 2009 Non-Manufacturing ISM Report On Business.
NMI @ 46.4%
You might want to pull in some of these numbers, from the actual report into your post.
Well, those MSM finance people were reporting "slower contraction" as an expansion previously but this report shows contraction and faster than last month, so you're right, it's pretty hard to spin that one.
If they voted for McCain let them rot in hell and let them fend for themselves. The National Guard? that would cost us people in California tax money we need.
If true means much higher and longer unemployment. If anything this 'New Normal' is a reason for better safety nets such as SINGLE PAYER health care.
RebelCapitalist.com - Financial Information for the Rest of Us.
That may make a difference. GE SEC violations sound pretty serious and particularly misleading - Worldcom-like. If I was a shareholder I would be pissed.
SEC fines are a slap on the wrist because that is the capitalist system we operate in - theoretically any deterrent or punishment will be dealt with in the "market". The problem is that the damage will have been already done and good luck disgorging any misleading gains or profits from companies or executives.
In the case of GE, if this prompts further investigation and lawsuits it may uncover how serious the violation were. It may hurt their credibility and more analyst may question future earnings reports from GE.
RebelCapitalist.com - Financial Information for the Rest of Us.
Thorough work, eagle links, straight data and forthright discussion are top recommendations for EconomicPopulist, but there's captcha and there's EP's captcha, a strong incentive to register!
I notice you commenting quite a bit. If you create an account, log on, then you can see who has replied to your comments, track your discussion and best of all, avoid the CAPTCHA.
Welcome to EP.
For me it's time to reconcile how we grok critical information. Lionel Bidal posted thoroughly June 23 at seekingAlpha, clearly revealing that in 2008 for the first time the IEA conducted for a detailed field-by-field analysis of global oil production.
15 December 2008 the Guardian's George Monbiot puts the question to Fatih Birol, chief economist of the International Energy Agency - and is both astonished and alarmed by the answer.
I just added some LaTeX and graphing tools, which are straight out of Academia style to write complex mathematical formulas.
Frankly, while I think one can get away with writing up a few formulas and even venture into Calculus.....
This should give capabilities like econbrowser and Krugman have on their blogs (I believe they are using something similar).
but I think if you're going into Markov models you'll have an audience of 0.5.
wanted to increase the tax rate on the rich to pay for improving education and put it to a referendum. The people of Alabama said NO! in no uncertain terms, which oddly took him aback (he actually thought he had a chance) and he's gone vox populi vox dei. Train wreck time.
to conditional probability. Go beyond Markovian and talk about non-Markovian dynamics. Which would be a good lead in to a genus of Very Dark Grey Swans.
and there isn't a crisis going on here where Americans plain need jobs...
nope, move along, nothing to see.
One would think, considering this is in "red state country" some of these people would stop drinking the corporate kool-aid, disguised as "conservatism" (there are reports that the disruption in town halls on health care is corporate lobbyist funded), and start demanding some real change...
I mean it's beyond ridiculous, we have the battle of the corporate talking points painted red vs. the corporate talking points painted blue.
How do you find these things midtowng? This is yet another post where I, as site admin, see it and think some spammer or CT person "got through" the site security...only to discover the outrageous post is actually true!
Which, if the Fed and the Treasury were foolish enough to force that level of inflation, wouldn't be worth a Zimbabwean baked bean.
-------------------------------------
Maximum jobs, not maximum profits.
I'm not an Elliot Wave kind of guy. From what I can tell there are so many different ways of interpreting the data that its predictive ability is largely useless.
As for going to near zero, that isn't going to happen either, if only because the Fed and Treasury won't let it happen. I think inflation will keep the nominal prices up, even if the real prices decline.
Robert just added "salted and barren" to the "???Shoots Poll". I guess his eyeballs started spinning in their sockets like mine did after reading this article. This Elliott Wave stuff is fascinating to me, but way over my head. Would you have a look at it please, and hopefully contradict it. I mean, how probable is a DOW approaching ZERO!?!
I agree that the fundamentals are woeful and I truly believe this is the sucker of all sucker rallies. I also read this article which is in total agreement with you and also explains why extreme volatility supports that conclusion.
Your further comments are much appreciated.
I didn't realize how many Financial Armageddon people we have on EP.
Scorched Earth!
as noted earlier to a dow jones post...
so another question for me asks what fueled the original 1930 suckers rally?
Today I saw even on pathetic corporate press kit hype machine CNBC discussion that the market will correct down again, based on PI, unemployment rate, consumer spending.
Whatever! S&P earnings is key. If you look at the composition of the earnings reports many companies met or exceeded targets based on cost cutting not earnings growth. Cost cutting only goes so far. Unless there is a huge reversal in the economic fortunes of Americans - earning growth will be non-existent for a while and any bull market will be just bullsh*t.
RebelCapitalist.com - Financial Information for the Rest of Us.
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