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Jobless claims tumbel to 368k lowest since 5/08

Started by steveF
over 15 years ago
Posts: 2319
Member since: Mar 2008
Discussion about
http://www.cnbc.com/id/41885392 Great news. Hopefully Fridays report kicks buttocks.
Response by cccharley
over 15 years ago
Posts: 903
Member since: Sep 2008

Tell me Steve how they count all the people who are actually still jobless but maxed out their unemployment. There are people in the shadows with nothing. I know there was no follow up poll after my dh completed his unemployment benefits. So now what? There can be thousands like him.

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Response by somewhereelse
over 15 years ago
Posts: 7435
Member since: Oct 2009

Once again, sounds like you should have bought stocks, not Manhattan RE.

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Response by steveF
over 15 years ago
Posts: 2319
Member since: Mar 2008

Let's see swe. What r u up 20% on your stocks honey? So that's 20k on 100k? Well on one studio alone I'm up more than double that.

nothing against stock investing but please stop spreading your silliness. Unless u can pick'em and hold'em like Buffet you better stay with an index fund. Manhattan real estate has been one of the best investment returns these past 2 years...

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Response by somewhereelse
over 15 years ago
Posts: 7435
Member since: Oct 2009

20%? Are you kidding?
Dow is up 70-80% since you made your call.

> Unless u can pick'em and hold'em like Buffet you better stay with an index fund.

I'm mostly in index funds, genius. They are up over 70%, genius.

Plus, the SSOs I bought are actually up over 200%

> Manhattan real estate has been one of the best investment returns these past 2 years...

Yes, I'm sure NEGATIVE 17% return leveraged 5x is one of YOUR best, but for anybody else, that is awful. You lost a ton, toots, sorry.

Nice to see I'm still on ignore, crybaby....

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Response by somewhereelse
over 15 years ago
Posts: 7435
Member since: Oct 2009

Actually, let me correct that. SSOs are up over 250%.

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Response by bob420
over 15 years ago
Posts: 581
Member since: Apr 2009

swe, how did you set up your alerts? SteveF posts and you come in within minutes.

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Response by somewhereelse
over 15 years ago
Posts: 7435
Member since: Oct 2009

Nah, that one took 5 hours. I do 'em all in one sweep.

It just seems quick because he gets proven silly so frequently.

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Response by pulaski
over 15 years ago
Posts: 824
Member since: Mar 2009

"Gallup Reports Underemployment Surges To 19.9%, February "Jobs Situation Deteriorates": As Bad As 2010"

"On one hand we have the Department of Truth about to tell tomorrow that NFP based on various seasonal and birth death adjustments increased by 250,000. On the other hand, we have Gallup which actually does real time polling without a procyclical propaganda bias. And Gallup does't have any good news: "Unemployment, as measured by Gallup without seasonal adjustment, hit 10.3% in February -- up from 9.8% at the end of January. The U.S. unemployment rate is now essentially the same as the 10.4% at the end of February 2010." And the one indicator that nobody in the mainstream media will touch with a ten foot pole: "Underemployment, a measure that combines part-time workers wanting full-time work with those who are unemployed, surged in February to 19.9%."

http://www.zerohedge.com/article/gallup-reports-underemployment-surges-199-jobs-situation-deteriorates-bad-february-2010

Further, to qualify for unemployment, you have to have been let go from a full time job. So 368K full time employees were let go, which does not take into account those who are working part time who DO NOT qualify for unemployment. This number is not as rosy as we hope it is. Lastly, with 125,000 new job seekers entering the economy per month, a drop to 386K in a week is weak.

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Response by malthus
about 15 years ago
Posts: 1333
Member since: Feb 2009
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Response by w67thstreet
about 15 years ago
Posts: 9003
Member since: Dec 2008

Double dip. 4mm ppl who are on extended extended extended unemployment benefits. No effect on nyc re. We iz an island with unicorns that shit gold bricks.

Coop force field back on!!!!! Goddaaaaammmmit. Back on!

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Response by beatyerputz
about 15 years ago
Posts: 330
Member since: Aug 2008

"Jobs Picture Grows Worse as Weekly Claims Post Jump"

Ugly

SteveF will invariably post a lithium-induced screed about how that's good news.

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Response by rb345
about 15 years ago
Posts: 1273
Member since: Jun 2009

The reason new unemployment claims dropped is that the unemployed couldn't afford the
cost of the gas required to get them to the unemployment office.

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Response by malthus
about 15 years ago
Posts: 1333
Member since: Feb 2009

Fortunately, now that Uncle Ben has shot his load we have the IEA to bail us out.

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Response by falcogold1
about 15 years ago
Posts: 4159
Member since: Sep 2008

Manhattan is less Force Field...more...cloaking devise

Bad news.....cloaking devise on!...what happened to the bad news?....all gone!

Got to wipe carfully to avoid the Klingons.

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Response by falcogold1
about 15 years ago
Posts: 4159
Member since: Sep 2008

All this reminds me of Edward G. Ronbinson in the Ten Comandments.
As Moses passes, Robinson, in his best gangster voice, shouts out, "Whose your G-d now Moses nyah nyah"?

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Response by stevejhx
about 15 years ago
Posts: 12656
Member since: Feb 2008

"Tumbel"?

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