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  • Here Is What's Behind Today's Stunning US Payrolls Beat

    From zerohedge.com

    For those who only look at headlines, today's payrolls report was a veritable shock: coming in at 467K, it was almost 4x the consensus median expectation of 125K, and was orders of magnitude above Goldman's forecast of -250K. Putting the stunning, 3-sigma beat in context, it came above all 78 estimates, and was more than double the highest forecast of 225K from HSBC. Even more ludicrous were historical adjustments which saw December increased from 199K to 510K, November from 249K to 647K and so on. After all even CNBC - while interviewing labor secretary Marty Walsh - couldn't believe the BLS data, prompting the ... (full story)

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  • Comment #1
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  • Feb 4, 2022 11:47am Feb 4, 2022 11:47am
  •  traderathome
  • Joined Mar 2008 | Status: PVSRA with Traderathome | 1595 Comments
"Here Is What's Behind Today's Stunning US Payrolls Beat...." Adjustments, adjustments, adjustments!

No matter the content of these Bull Shit reports, especially with these seemingly ever increasing "adjustments", the core issue remains unaddressed.

No matter how many "job openings" corporations report, until they adjust, adjust, adjust upwards the pay scales, they are not fooling any body and the openings will remain largely open.

It is time for a change. The FED needs to stop F.....king with the market and Congress needs to start raising taxes on the wealthy and the wealthy corporations (especially the lying and constantly law breaking Robber Banks)......and PAY OUR WORKING CITIZENS MORE THAN JUST A MEAGER SUB-LIVING WAGE!

Pay more attention to improving the welfare of the majority of our citizens that do the real day to day work that runs the country, and tax the slackers at the top that are mere parasites getting richer off of everyone else.
 
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  • Comment #2
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  • Feb 5, 2022 1:16am Feb 5, 2022 1:16am
  •  JotaP
  • | Membership Revoked | Joined Feb 2021 | 276 Comments
Everything is manipulated, the prices will always move in the best path to strip you of your hard earned bucks.
This is the true Market Theory and you can safely dump all the others including the Economics Pseudo-Science helper that you learned in school. The News are just manipulative tools, but can produce a glint when we look at them as manipulative tools.
Follow your guts, if you want to lose your money...
 
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  • Comment #3
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  • Feb 6, 2022 3:59am Feb 6, 2022 3:59am
  •  kaisheng
  • | Joined Feb 2014 | Status: Member | 1 Comment
Quoting JotaP
Disliked
Everything is manipulated, the prices will always move in the best path to strip you of your hard earned bucks. This is the true Market Theory and you can safely dump all the others including the Economics Pseudo-Science helper that you learned in school. The News are just manipulative tools, but can produce a glint when we look at them as manipulative tools.
Ignored
Do u think that the NFP expected data can be manipulated? so that when actual data came out higher than expected, and actually is lower than previous, but fool the whole world thinking USD will be stronger?
My Trading Course" http://www.kaishengchew.com
 
 
  • Comment #4
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  • Feb 6, 2022 4:30am Feb 6, 2022 4:30am
  •  JotaP
  • | Membership Revoked | Joined Feb 2021 | 276 Comments
Quoting kaisheng
Disliked
{quote} Do u think that the NFP expected data can be manipulated? so that when actual data came out higher than expected, and actually is lower than previous, but fool the whole world thinking USD will be stronger?
Ignored
NFP is prepared and released by the US Bureau of Labor Statistics. Thousands of people and State Departments know its contents before the general public does. And, of course, the data itself may be manipulated, there is no guarantee it is not, and if there is that possibility we must assume it will be done (unless we believe in angels) to pursue misinformation and agenda purposes.
Follow your guts, if you want to lose your money...
 
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  • Story Stats
  • Posted: Feb 4, 2022 10:40am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 4  /  Views: 2,749
  • Linked events:
    USD Non-Farm Employment Change
    USD Unemployment Rate
    USD Average Hourly Earnings m/m
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