There are 466,000 LESS Americans employed now then in September - BLS

So, apparently, you:

- have no, post-secondary education, whatsoever (though claim to have an IQ nearish to genius level).
- have little/no macroeconomic experience/schooling (making a few trades means nothing - almost anyone can do that) - though you act/claim otherwise.
- are - probably - unemployed BUT 'run' a token 'business' so you can tell yourself/others that you are not 'unemployed'.
- read lots of literature on bean counting.
- frequently troll on chat forums.
- and live with your wife who gets 'appalled' by improper use of apostrophes.

Honor and Excitement?
Thy name is Poor Richard Saunders.
Well, aren't you just precious. You must be a fiction write of little to no note.




1)
I will try again:
By English language, general definition(s) of the word - do two data points, covering two, consecutive months...constitute a 'trend'?
Yes or No?


You should know - when I see you refusing to answer my questions?
I usually just skip over all the 'justifications' you give for not answering the simple questions.

Oh...and I largely skipped your 'PRS's Personal Definitions of Words' novella.
You obviously skipped it since I explained how each definition does not point to two data points being a trend. You asked a question. I answered in detail. You ignore my answer, refuse to respond to it and instead simply ask the question again. Eight sentences is the length of a novella? Are you sure you are a writer? Of do you consider the start of your post to be a novel?
2)

Okay...all of your links do not answer the question.
None of them even mentions it (I skipped the Fed nonsense).
That's funny. The first 2 links show that the market doesn't consider November's numbers to be a trend. The FED white paper directly answers your question of why 2 data points don't make a trend.
The BLS are bad enough.
But the Fed are STAGGERINGLY corrupt.
Plus, are seemingly filled with macroeconomically ignorant, bean counters (like you seem to be - no offense).
The fact that the Fed, COMPLETELY missed the start of the Great Recession - which was obvious to most - largely, proves this.
https://www.cbsnews.com/news/fed-missed-the-housing-bust/
I guess I could take a cue from you and simply say CBSnews is staggeringly corrupt. That is what you have done with my sources without presenting any reason for why they are corrupt other than they point to you being wrong. Are you sure you took economics courses? You are now saying macroeconomics is bullshit and corrupt and yet your degree is in economics?
Most people didn't see the Great Recession coming. Most investors didn't see it coming. Have you read "The Big Short?"

There are three things that the market respond most to; government numbers as put out by BLS and Census, the FED's statements or actions, and earnings reports. You are claiming that 2/3s of what moves the market is corrupt and not to be believed. I don't think the market is as stupid as you think it is.
I will ask again - only simpler:
Post a link from an unbiased source that proves that 2 months of macroeconomic data is NEVER considered a 'very good' trend - by Wall Street standards?


(btw - the answer should be INCREDIBLY obvious, imo.)
Since you refuse to read any and all sources I provide, I see no reason to provide you with any new sources. When you have read the FED white paper and wish to discuss a two-variable vector autoregression (VAR) get back to me. The answer is obvious, you are asking me to prove a negative in that any source that says 2 data points is not a trend is not enough for you as you have moved the goal posts to now requiring I prove NEVER. I have already shown that 2 data points within the margin of error are not a trend. That is what you were attempting to claim was a trend.

I will ask you again. Did you ever take statistics when you got your degree in economics? Why can't you answer this simple question?

The woman would literally be 'appalled' by someone's improper use of an 'apostrophe'?
https://www.merriam-webster.com/dictionary/appalled
Of all the horrors and injustices on our planet?
Your wife gets 'appalled' by the improper use of an 'apostrophe'.

Okaaaaaay.
She sounds like a barrel of fun.
She's loads of fun.
But yes - my punctuation is nowhere near where I wish it to be...sadly.
Though - even though you obviously meant it as an ad hominem?
https://www.wordnik.com/words/ad hominem
I will try and learn from the criticism.
It's a good thing you don't use ad hominems like your first 5 sentences in this post I am responding to.


3)
Once again (again updated to make it easier for you):

Has the DOW - in the last 20 years - NEVER dropped more than 4% in a day on just ONE, principal, data point?
True or False?
Not only do you not read anything I link to, it's clear you don't read anything I write. Go back and read my previous post then come back and apologize for asking the same question repeatedly.



Additional - (I added some extras for convenience)


(i) Probably. I do not know with 100% certainty at this moment. But I assume it has. Probably, numerous times.
(ii) Depends on the data and the background of said data and any other data points/events/opinions that might have affected said drop.
(iii) Same as (ii).

See how easy it is for me to answer your questions?
Pity you seem to be having such trouble with mine.
You didn't answer either of my questions by responding True of False. Based on the way you demand I answer yours with only those words that would mean you didn't answer either of my questions.
"Probably" is more weaselly than any answer I gave to your questions.

The reason is obvious, imo.

You simply CANNOT admit you were wrong.
And/or, you are too delusional to let yourself believe you are wrong.
So you toss out all the strawman/ad hominems you can POSSIBLY come up with.
All trying to dislodge my arguments and try and turn the discussion into a complete, unrecognizable muddle.
Typical troll behavior.
A little self reflection on your part might be a good thing. I am curious how you can claim I used a strawman when you admit you didn't bother to read my answers. You also don't seem to know precisely what a strawman argument is.

I, sincerely, cannot remember the last time I debated with someone who threw out SO MANY, strawman arguments.
https://effectiviology.com/straw-man-arguments-recognize-counter-use/
Please point to where I changed your argument to something else and then argued against that instead of responding directly to what you said. Your preferred way to debate seems to be to use the poison the well fallacy. You accuse any sources I use of being corrupt without providing evidence. You accuse me of using logical fallacies without providing evidence.


Have a nice day.
I will.
 
Well, aren't you just precious. You must be a fiction write of little to no note.




You obviously skipped it since I explained how each definition does not point to two data points being a trend. You asked a question. I answered in detail. You ignore my answer, refuse to respond to it and instead simply ask the question again. Eight sentences is the length of a novella? Are you sure you are a writer? Of do you consider the start of your post to be a novel?
That's funny. The first 2 links show that the market doesn't consider November's numbers to be a trend. The FED white paper directly answers your question of why 2 data points don't make a trend.
I guess I could take a cue from you and simply say CBSnews is staggeringly corrupt. That is what you have done with my sources without presenting any reason for why they are corrupt other than they point to you being wrong. Are you sure you took economics courses? You are now saying macroeconomics is bullshit and corrupt and yet your degree is in economics?
Most people didn't see the Great Recession coming. Most investors didn't see it coming. Have you read "The Big Short?"

There are three things that the market respond most to; government numbers as put out by BLS and Census, the FED's statements or actions, and earnings reports. You are claiming that 2/3s of what moves the market is corrupt and not to be believed. I don't think the market is as stupid as you think it is.
Since you refuse to read any and all sources I provide, I see no reason to provide you with any new sources. When you have read the FED white paper and wish to discuss a two-variable vector autoregression (VAR) get back to me. The answer is obvious, you are asking me to prove a negative in that any source that says 2 data points is not a trend is not enough for you as you have moved the goal posts to now requiring I prove NEVER. I have already shown that 2 data points within the margin of error are not a trend. That is what you were attempting to claim was a trend.

I will ask you again. Did you ever take statistics when you got your degree in economics? Why can't you answer this simple question?


She's loads of fun.
It's a good thing you don't use ad hominems like your first 5 sentences in this post I am responding to.


3)
Not only do you not read anything I link to, it's clear you don't read anything I write. Go back and read my previous post then come back and apologize for asking the same question repeatedly.



You didn't answer either of my questions by responding True of False. Based on the way you demand I answer yours with only those words that would mean you didn't answer either of my questions.
"Probably" is more weaselly than any answer I gave to your questions.

A little self reflection on your part might be a good thing. I am curious how you can claim I used a strawman when you admit you didn't bother to read my answers. You also don't seem to know precisely what a strawman argument is.

Please point to where I changed your argument to something else and then argued against that instead of responding directly to what you said. Your preferred way to debate seems to be to use the poison the well fallacy. You accuse any sources I use of being corrupt without providing evidence. You accuse me of using logical fallacies without providing evidence.


I will.

Nope...skipped ALL of that.

Why?
1) my lack of respect for you and what you think (on this subject and in general).
2) Because you seem delusional on this.
You appear to be making up definitions of words to suit your trolling escape from your unhappy reality of lack of education (you are what people with formal education - generally - refer to as 'uneducated'), disappointing/meandering employment and living with your (seemingly) boring, home life.

No one whom is happy in their life?
Comes on social media to troll (as you do).
NO ONE.


You started this digressive troll-fest with your 'bean counter's are gods' angle (a contradiction in terms if there ever was one). And are now blowing it up into an orgasmic splurge of 'trend' obsession, strawman arguments, ad hominem attacks and just general, meandering nonsense.


Thus - I started with a disrespect for your apparent, lack of understanding of macroeconomics and your insistence of discarding, established definitions of words to suit your trolling agenda.
To now?
I simply roll my eyes (literally) at the morass of nonsense you are spewing forth.


Whereas you - clearly - cannot help but read EVERYTHING I type.
Taking GREAT interest and hanging on - every letter I create.
Though you will deny this - of course.
Probably with an ad hominem or two thrown in.
But your actions speak volumes to the contrary.

BTW, the main reason I type such long replies (here and elsewhere on this 'chat' forum) is I use this site as practice for my writing.
When I am procrastinating on creating, actual prose...as I have been lately.

But, I am wasting too much time on this now...though it has been a (tiny) kick.
So...I need to simplify/wind this down.



The questions are:

(sorry I keep changing them - somewhat. But you cannot seem to fathom even the simplest or questions. And/or you fear that to answer them will weaken your 'argument'.
Whichever...I am forced to present them in ever-simplified versions)


1) by English language, general definition(s) of the word - can two data points, covering two, consecutive months...constitute a 'trend'?
https://www.merriam-webster.com/dictionary/trend

Yes or No...only.


2) is it possible to prove that 2 months of macroeconomic data is NEVER considered a 'very good' trend - by Wall Street standards?

Yes or No...only.


3) is it possible for the DOW to drop more than 4% in one day...MOSTLY on but one, data point?

Yes or No...only.



It is only fair that I tell you that I will read nothing else you type (on this) unless you answer these questions as instructed.
Or I get EXCEEDINGLY bored.



Have a nice day, now.
 
Last edited:
Philadelphia Fed Admits US Jobs "Overstated" By At Least 1.1 Million

'Estimates by the Federal Reserve Bank of Philadelphia indicate that the employment changes from March through June
2022 were significantly different in 33 states and the District of Columbia compared with current state estimates from
the Bureau of Labor Statistics’ (BLS) Current Employment Statistics (CES). Early benchmark estimates indicated higher
changes in four states, lower changes in 29 states and the District of Columbia, and lesser changes in the remaining 17
states.

Our estimates incorporate more comprehensive, accurate job estimates released by the BLS as part of its
Quarterly Census of Employment and Wages (QCEW) program to augment the sample data from the BLS’s CES that
are issued monthly on a timely basis. All percentage change calculations are expressed as annualized rates. Read
more about our methodology. Learn more about interpreting our early benchmark estimates.

In the aggregate, 10,500 net new jobs were added during the period rather than the 1,121,500 jobs estimated by the sum of the states; the U.S. CES estimated net growth
of 1,047,000 jobs for the period.

Payroll jobs in the nation remained essentially flat from March through June 2022 after adjusting for QCEW data:'

https://www.philadelphiafed.org/-/m...-revisions/early-benchmark-2022-q2-report.pdf


This is what others (and I) have been saying for months.
That the Establishment Survey numbers that the BLS has been releasing, are STAGGERINGLY wrong.


The 'Establishment Survey' (the one the press touts each month) is a joke.
The Household Survey (the one used to determine the unemployment rate) - though flawed - is a far better indicator of the US employment situation.

Even the Fed is admitting that the employment situation is not nearly as good as the BLS/Biden administration have been claiming.
 
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