The Watering Hole

http://www.bloomberg.com/apps/news?pid=20601109&sid=aNSc0oQ0vb4M&pos=10

turns out the unemployment numbers were way off this last year. 824,000 jobs off...

here are some colorful graphs to illustrate how wrong we were

http://www.bloomberg.com/insight/birth-death-model.html

Numbers from April 2008 to March 2009. Shows that the economy was already in recession before we even started talking about the urgency of saving it--before most of us even knew it was fucked.

Is this a case of cooking the books or is it a case of bad initial data collection?
Tripper

Tripper — Feb 04, 2010Is this a case of cooking the books or is it a case of bad initial data collection?
Tripper

more to come tomorrow. i'll bet my money on cooking the books, but that's just how i am. look for a major plummet in the DOW/NASDAQ friday.

Hmmm... unemployment numbers down to 9.7%... Dow down, has been down all week.  Dollar stronger...

Decidedly mixed.

certainly was a strange day of trading to finish flat. glad i don't have $ invested in that casino game right now