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Thursday, April 1, 2010

part 2

3. Some more Obama transperancy


Furthermore, we ourselves may inquire as to what the reason why the average unemployed's monthly paycheck has now increased to the all time record of just under $1,500 based on a total insured population of just under 11 million, and why if the actual check is where it should be (~$1,000) is there a shadow 40% of the insured work pool (roughly 4 million people) that is not being accounted for?

Even as the BLS and DOL would like us to believe that the unemployment picture is getting better, we present a chart comparing the initial and continued claims as presented by the Dept. of Labor and compare these to actual government outlays. Even as the two combined series have been declining (offset by increasing much discussed EUCs), the most recent Unemployment Insurance Benefit outlay reported by the Treasury (as of March 30 - there is still one more day of data for March), just hit an all time record high of $15.4 billion.What this means is that in March the average paycheck from Uncle Sam for sitting dong nothing, surged to an all time high of $1,447/month.

Fair enough, the spike may be due to a surge in EUCs one may say. Well, here is a chart of the reported EUCs added to the disclosed Initial and Continued claims:

Indeed, even the worst case reported picture of America's jobless seems to have plataued in the upper 10 million range, after hitting a record of 11.1 million in late January.

So what happens when one divides the total population collecting benefits (I.C.+C.C.+EUC) by the actual UST outlays? We get a very curious chart:

It appears that in March either the government decided to payout an additional roughly 20% per unemployment paycheck, or once again, there is a shadow population of beneficiaries, which are not caught in any of the standard cohorts. Keep in mind that the average monthly paycheck has traditionally been indicated as being about $1,000.

What are we missing here?

4. Just some headlines you can find the full story at zerohedge to illustrate the real picture of rotten Denmark (USA). Astonishing that people buy Citi stocks - well not for the manipulators apperantly they have still a few hundred billion of this toxic junk ( backstopped by taxpayers).

Following Fannie's Record Delinquencies, Freddie Just Reported New Record For Loans Seriously Delinquent

March Records Fastest Ever CMBS Delinquency Deterioration In History According To TREPP

As GSE Delinquencies Hit All Time Highs, What About The Monolines?

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