Down goes the Dow

“Putting it all together, we now know - as the Philly Fed reported first - that the labor market is far weaker than conventionally believed. In fact, no less than 800,000 payrolls are "missing" when one uses the far more accurate Quarterly Census of Employment and Wages data rather than the BLS' woefully inaccurate and politically mandated payrolls "data", and if one looks back the the monthly gains across most of 2023, one gets not 230K jobs added on average every month but rather 130K.

Of course, none of that paints Bidenomics in a flattering picture, because while one can at least pretend that issuing $1 trillion in debt every 100 days to add 3 million jos per year is somewhat acceptable, learning that that ridiculous amount buys 800,000 jobs less is hardly the endorsement that the White House needs.

Which is also why nobody in the mainstream media - which is now nothing more than the PR smokescreen for the Biden puppetmasters, the government and the deep state - will ever mention this report.

As such, we urge all readers to read Philly Fed analysis (link here) and to analyze the excel data (link here) at their own leisure, because in a fascist state, the media no longer works for the people.”

^best part is the last three paragraphs

Funny is all the panning of Zerohedge here, while your Government has been feeding you a BLS crap sandwich every Job’s Day for several years. Perfect for a fake market.

Earnings Scorecard: For Q2 2024 (with more than 99% of S&P 500 companies reporting actual results), 79% of S&P 500 companies have reported a positive EPS surprise and 60% of S&P 500 companies have reported a positive revenue surprise.

A recent podcast we like talked about one factor amplifying political polarization in the west: the growing number of people willing to believe things that are objectively untrue, fuelled by social media echo chambers. This place is an interesting illustration of that phenomenon, I think.

Igy went on a posting rampage! Did something happen?

Yes, like the Steele Dossier being Russian disinformation, but it turns out it was paid for by the Hillary Clinton campaign. Or, the letter by 51 intelligence officers saying the Hunter Biden laptop story was Russian disinformation. Ironically current Secretary of State Anthony Blinken organized the actual disinformation letter from his office in the Biden Campaign October 2020. As we know, Hunter Biden plead guilty last week to tax evasion brought to light on the laptop and subsequently exposed further by Marco Polo. It is a very interesting phenomenon of the reach of the Globalist Kleptocracy, even on a running site.

Yes, Mr. Gente was outraged that I stated BLS labor statistics were manipulated to make Bidenomics appear credible. A cursory look at the large revisions, and following large market sell offs would give credence to this view. I followed up with Zerohedge being on this story early, and they were very right. Fortunately, someone at the Philly Fed called B.S. on the phony numbers coming from BLS.

Zerohedge article, previous page last entry by me:

”the Philly Fed, found that the BLS had overstated payrolls in 2022 by 1.1 million, here we go again, only this time the BLS had overstated payrolls by 800,000 through Dec 2023 (and more if one were to extend the data series into 2024). It's truly statistically remarkable how every time the data error is in favor of a stronger, if fake, economy.”

Now one can come on here and say this in disinformation. Then where did the -818,000 revision come from last month, or the three month downward revision in the Friday report? Well if you care to look both the Philly Fed, and Zerohedge pointed out the fudged numbers months ago. So, that said, who is really spreading fake information? And what have they to gain? Perhaps trying to gloss over the failures of IRA, growth of only part-time employment, or replacement of population by foreign born workers, or all of the above.

Most here are either asleep or so blinded by partisanship. Well the proof is in Friday’s market performance, and the coming Fed rate cuts.

Yep. The market had a bad week, so he felt it in his nuggets. "Bad things DO happen!"

In all seriousness and not just trying to bother you, you know that Zerohedge is Russian propaganda, right? You really shouldn't give them any credit at all and for sure shouldn't post anything from them. Honestly, you shouldn't read anything from them either.

In all seriousness, you have no problem with Secretary Anthony Blinken, correct? You really should not give him credit after as a Biden campaign operative in October 2020 he orchestrated the 51 intelligence officers’ Hunter Biden laptop Russian disinformation letter. Or, give credit to the Bidenomics BLS job numbers, when they turned out to be Administration propaganda showing minimal job growth.

Honestly, you shouldn’t read anything from either of them.

1) Deflection and off topic for you.

2) I have no issue with Hunter Biden being held accountable for his crimes, so I have no interest in really anything there.

3) I NEVER give credit or blame to current administrations for the economy, and that includes inflation, jobs numbers, recessions, etc. We're in a global economy, and there are way too many factors beyond control of a US President to affect the economy immediately in any meaningful way. Presidents CAN do things that can pay dividends or cause problems later on down the line (example of what Biden has done that will do great things for the US is the CHIPs and Science Act), but nearly impossible to do anything to greatly affect the economy one way or another while they are in office.

4) Back to YOU though...Zerohedge is Russian propaganda. You should not use it to form opinions or think you have facts.

Is there any particular fact that you have in mind?

Also, are you anywhere near Lausanne at the moment?😁 🍺

I’m curious, what is your evidence that it is Russian propaganda?

If one brings sufficient capital to bear upon a piece of writing, there is nothing that “should not be read”. It does, however, render some things banal, disappointing, and boring.

There is nothing there other than claims pushed by the Government. Meanwhile we learn the truth of just one of many claims of “Russian propaganda.” They are the same people pushing the narrative.

“‘The defendant’s laptop is real.’ With those words and pictures like this one of Biden using crack, the Justice Department introduced the Hunter Biden laptop as evidence in his upcoming trial over federal gun violations. The federal prosecutors went on to denounce suggestions of Russian disinformation, long peddled by the Bidens, the media and former intelligence officials, as nothing more than a ‘conspiracy theory.’

The media eagerly spread the claim of Russian disinformation before the presidential election. Twitter and others suppressed the story. This was done through one of the most skillful disinformation campaigns in history.

It later came out that associates of the Biden campaign (including now Secretary of State Antony Blinken) pushed a long effort to get former intelligence officials to sign a letter making the claim, knowing that an ever-accommodating media would accept the claim without question or further inquiry.”

—Jonathan Turley following Hunter Biden gun conviction

youse guys really need to use wikipedia more as an information source.

it's so easy to find information there.

Maser, the wiki page on zerohedge details that website's connections to russia.

Igy you are giving misinformation that a read of the relevant wikipedia page would clear up.

+1. That works for me.

Baloney, Wikipedia is a tool of the left. You pushed both the Steele Dossier Russia Hoax and The Hunter Laptop Russia Disinformation claims. So your lecturing on Zerohedge fails on those two points alone.

I read the Wikipedia Zerohedge piece. Interesting that most of the negative claims concerning Zerohedge came from the 2020 period of U.S. Government and left wing inspired social media censorship.

+2 works for me