The real Unemployment rate in the United States.

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SouthAmerica: Reply to TrueRange

You wrote: “Bash or critique our country and never post anything that has to do with trading our financial markets.”

Do mean like the actual unemployment figures for the US economy?

I guess the stock market went down today just for the hell of it.

You also said: “Either way posting on elitetrader is a pretty useless waste of time as the audience could give a shit about your opinions.”

That is a good thing because if the smart people such as yourself are reacting to the fake unemployment figures like that – can you imagine the reaction of Wall Street if they paid attention to the real unemployment numbers?

The wishful thinking unemployment figures published by the US government it was enough to make the Dow to sink 256 points – just imagine what the real figures would do to - the most liquid, fair and traded market in the entire world.



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US Stock Market Closings for January 4, 2008

Dow 12,800.18
–256.54

Nasdaq 2,504.65
-98.03

S&P 1,411.63
-35.53

Stocks Sink on Jobs Data; Tech Plummets
Friday January 4, 4:23 pm ET
By Tim Paradis, AP Business Writer
The Associated Press
Stocks Finish Lower After Slower-Than-Expected Jobs Growth, Rising Unemployment

NEW YORK (AP) -- Wall Street fell sharply again Friday after the government's much-anticipated employment report showed weaker-than-expected job growth and a rise in the unemployment rate. The Nasdaq composite index, also pummeled by a downgrade of Intel Corp., skidded more than 3.5 percent, while the Dow Jones industrials fell more than 1.5 percent….

Source: http://biz.yahoo.com/ap/080104/wall_street.html

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That would be a bit of an understatement...

Thanks for the rest of the info... found it interesting...


<img src="http://www.enflow.com/p.gif">

 

I completely agree. This clueless asshole seems to think that South America (Chaves, Bolivia, Columbia, Argentina "debt defaulter", Ecuador, Brazil) is anything SPECIAL?

SouthAmerica is the new world's Africa. Brazil is hell bent on ridding itself of their rainforest, perhaps the most phenomenal gift any country has. They have no clue what they are destroying, and will NEVER get it back.

 

GETTING BACK TO TALKING ABOUT TRADING, I like it when numbers like today come out they are the best opportunities for a futures trader like myself to make a lot of money whether they be accurate or not isn't the issue, knowing how to interpret what comes out in what markets you trade is. The end goal is making $$$$, no?

 

It would be even better if those $$$$$$$ (note that I added a bunch) were actually worth something....

 

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January 4, 2008

SouthAmerica: Reply to Rcanfiel

Rcanfiel said: “This clueless asshole seems to think that South America (Chaves, Bolivia, Columbia, Argentina "debt defaulter", Ecuador, Brazil) is anything SPECIAL?”

You can bet that Brazil is an especial country, and can tell you from experience since I have traveled in Brazil all the way to Manaus, and I have seen first hand how magnificent my country is. (I am talking too much for granted here: Manaus is the capital of the Amazon state.)

I can’t talk for the other countries of South America since I have never visited any of the other countries.

You also said: “SouthAmerica is the new world's Africa. Brazil is hell bent on ridding itself of their rainforest, perhaps the most phenomenal gift any country has. They have no clue what they are destroying, and will NEVER get it back.”

Your statement just shows how ignorant you are about South America!!!!!!!!

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Literally, every single person I know that wants a job, has one.

In the US, if you are unemployed, it is because

a) it is a temporary situation that can be resolved very quickly if you are even remotely flexible and have any skills whatsoever. Let me say that I've been unemployed before and it's not fun, but if you look hard and are willing to be open minded, there are many jobs available.

b) the person is mentally unable to hold a job.

c) the person is physically unable to hold a job.

d)the person is unwilling to work due to laziness or an entitlement attitude that they are too good for the jobs that they are able to find.

If you don't fit into any of these categories, chances are you have a job and/or won't have trouble finding one when temporarily unemployed.

 

Anyone would be ignorant to not see that the US has serious financial woes. It would also be ignorant to think it would be a 3rd world country anytime soon. If anything our military would take over and everything would go though the military but we would not just collapse. The conditions would still not be as bad as a 3rd would country. We don't have a population problem for one. With all factors considered we are not on the brink of collapse. Anyone that understands the chemistry of our economy would know we are not a dead economic power.

 

Sorry, but they're doing pretty doggone good. Brazil is anything but a south Africa. The Economist forecasts growth at almost 4.5% for the next five years. That beats our sorry behind:

http://www.economist.com/countries/Brazil/profile.cfm?folder=Profile-Economic Data

Brazil is much less dependent than, say, Mexico on US demand and may keep going fairly well even if we tank. Regardless, we better be nice to them - they've got lots and lots of oil:

http://www.economist.com/displayStory.cfm?story_id=10134215

 

Agree except for one thing: a young growing population is an asset not a liability.