Friday, February 4, 2011
Santelli Slams CNBC Panelists for Spinning Jobs Report
Jobs are heading up and down at the same time. The Bureau of Labor Statistics announced the morning of Feb. 4 that only 36,000 jobs were added in the month of January, but the unemployment rate dropped from 9.4 percent to 9.0 percent.
The mainstream news media will likely latch on to the dropping unemployment rate, despite job gains that were less than one-fourth of the consensus estimate of 148,000 jobs added. One of the CNBC panelists noted that the increase was "way below consensus."
CNBC's Rick Santelli even lashed out at some of the CNBC "Squawk Box" panel that were discussing the latest jobs report.
"[W]e have overwhelming evidence the jobs market is disappointing, and all of you are trying to look for that one half of spaghetti in a 50 lb. spaghetti bowl. This is not great data," Santelli claimed. "We know that the U6 probably gives you a better indication of the true unemployment rate …"
CNBC's Steve Liesman interjected: "It went down, Rick. It went down - "
"Yeah, what is it?" asked Santelli.
"It went down Rick, to 16.1 [percent]," Liesman said.
"Oh boy, guys! 16.1 [percent] is probably the unemployment rate. That's cause celebre," Rick sarcastically shouted on the trading floor of the Chicago mercantile exchange.
Subscribe to:
Post Comments (Atom)
Give me a break. That UFO sighting doesn't "baffle" anyone. It is a phony just like every UFO video is. DUH!
ReplyDelete3:55 there are 4 other videos of different angles showing the same thing. Unless you can show solid proof otherwise, besides a few dumb words, you know squat.
ReplyDeleteballs of light been seen for 1,000's of years. angels and demons, not from some planet.
ReplyDeleteanyway when the 99'rs run out they drop and aren't counted so alot of the numbers appear better, add some of the retirement of the baby boomers dropping from the rolls
I'm 23, I've had seven different jobs in my life. I started working when I turned 16 and stopped working when I was 18. Haven't had a job since besides doing basic house work for my parents.
ReplyDeleteI get to exercise, read, and write all day so I'm well conditioned for shit to hit the fan. The point of this is that I was never counted in these unemployed stats. Nobody surveyed me or called me up to question my occupation status. Where do they get other stats from!? Reminds me during elections of the, "12% believe democrats..."
What a scam to the American people. What a shameful social, political, and economic environment the US has become.
If I can digress, does anyone else notice when you go online that the scams on every website (pop ups) seem to be flooding the content of the websites themselves? I can't go anywhere, even on my emails without being offered snake oil. It is quite irritating to notice these bots shouting out for your attention by the periphery of an eye.
I'm sorry, but aren't humans supposed to control machines? In 2009, 40 trillion spam emails were sent out across the world. I know this may sound psychotic, but I believe the majority of these emails come from a source that is an artificial intelligence that has developed a modicum of self awareness.
And what if it's possible that since the internet is just an exchange of electronic information (light-waves), that extraterrestrials or interdimensional beings may deliberately or accidentally have their messages (frequencies) get interspersed throughout our communication nets?
This could explain why some spam emails have writing that is scrambled and senseless. Since our ways of reality and laws of physics would be different to a being with an electromagnetic body that has either a higher amplitude (strength) or a faster vibration rate (speed) then the language betwixt would be radically unrelatable.
Who knows? The world is starting to quicken. It still moves too slow for me. I hope it gets faster.
I want to see it get so fast that all the buildings people work in vanish. And everybody will just walk around as a big family all day. People can walk freeways together and there will be no active cars outside of some folks who might hand out juices and candy. From there we can go inside any house we want and play video games or sit and talk about the universe.
That would be my dream world. Everything now is one big, disconnected mess with strangers all over the place.
3:02. Dude WTF are you talking about. Take your meds and focus one one topic at a time.
ReplyDeleteWhew.
3:02. It sounds like you are talking about the Venus Project.
ReplyDelete