brainstorming friday

1. Obama admin does a real subtle job with faking the payroll number so obviously as the birth -death is a pure cooking instrument nor based on any reality and as last month was 6k where do the 115k come from. This is a criminal way to manipulate markets as false numbers are presented to the public. anyway first target of 1100 reached and we might see a retreat from those levels towards 1070 before the next leg - deceptions - brings the market to the 1130 level once again.

excerpt

August Total Non Farm Payrolls Come At -54K On Consensus Of -105K, Unchanged From July, Unemployment Rate 9.6%, Birth Death Adds 115K

Submitted by Tyler Durden on 09/03/2010 07:32 -0500

• Bureau of Labor Statistics
• Non Farm Payrolls
• Unemployment

Private payrolls come in at +67K as Birth Death adds 115K, compared to just 6K previously, as U-6 rises from 16.5 to 16.7%, highest since April. Workweek unchanged month over month at 34.2 hours, with average hourly earnings up slightly from 0.2% to 0.3%. 42% of the unemployed were out of a job for 27 weeks or longer, compared to 44.9% previously; average duration of unemployment at 33.6 weeks.

excerpt 2 - another great accomplishment from the endless failures of Goldman calls one wonders how they make money after all

Today's Economic Data Highlights: Goldman Anticipates Zero Private Payrolls, -125K Total