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bbro

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  • July Payroll Report Marks 3 Years of Job Losses [View article]
    Some one explain this one to me....

    Nonseasonally adjusted July Nonfarms is virtually the same as
    July 2009 nonseasonally adjusted nonfarms and yet tax withholdings
    and employment taxes are 10 billion greater in 2010 than in 2009....
    Aug 6, 2010. 11:15 AM | 1 Like Like |Link to Comment
  • A turnaround in the ECRI Weekly Leading Index, which rises to 121.8 - highest since June 18 - from a revised 121.0. Annualized growth rate rose to -10.3% from -10.7%, but that's still below the -10% said to be a recession predictor.  [View news story]
    Do you think Achuthan needs to have a talk with Rosenberg to
    explain the indicator or just sit back and enjoy all the attention
    Rosenberg has given it....
    Aug 6, 2010. 10:56 AM | Likes Like |Link to Comment
  • July Payroll Report Marks 3 Years of Job Losses [View article]
    Aggregate hours worked and Aggregate weekly payrolls....not exactly
    double dip numbers....
    Aug 6, 2010. 10:36 AM | Likes Like |Link to Comment
  • Parsing the Jobs Report [View article]
    Shadow Stats....love the bias...
    Aug 6, 2010. 10:10 AM | 1 Like Like |Link to Comment
  • The big drop in payrolls last month was a surprise but some analysts say that details such as hourly wages suggest the picture may be better than it looks.  [View news story]
    look at aggregate hours worked and aggregate weekly payrolls....

    good for industrial production and personal income numbers....
    Aug 6, 2010. 09:47 AM | 7 Likes Like |Link to Comment
  • Where Are the Jobs? [View article]
    If you look at July's nonseasonally adjusted jobless claims numbers...
    they are supposed to come in 5 to 6% higher than seasonally adjusted
    numbers...( average for the last 5 years has been around 6%)....this
    year the numbers were flat.....
    Aug 6, 2010. 05:54 AM | Likes Like |Link to Comment
  • Housing Shortage Coming [View article]
    Interesting....by my amateur calculations we built too many homes to
    the tune of 350,000
    homes a year from 2000 through 2006 (7 years)...or 2.45 million homes...which is remarkably close to the 2.35 million in excess homes in your article.....
    Aug 6, 2010. 05:37 AM | 2 Likes Like |Link to Comment
  • Initial Jobless Claims: +19K to 479K vs. 455K consensus. Continuing claims -34K to 4,537,000.  [View news story]
    Manny did you know the nonseasonally adjusted numbers were supposed to be 5 to 6% higher than they were???,,,nice try....
    Aug 6, 2010. 04:52 AM | 5 Likes Like |Link to Comment
  • Housing Shortage Coming [View article]
    The housing starts to nonfarm payrolls ratio supports this thesis.
    Using the long term average of 1.1% ( for housing starts to Nonfarm payrolls) by th end of this year we will have wiped out the overbuilding
    of the 2000's. I suspect by the year 2013 we will see some shortages
    appearing.....depending of course on job growth....
    Aug 6, 2010. 04:22 AM | 1 Like Like |Link to Comment
  • Why Jobless Claims Will Rise All Year [View article]
    there is something funky about the seasonal adjustments in this business cycle...a better way to track initial jobless claims is to look
    at nonseasonal jobless claims on a year over year basis....
    Aug 5, 2010. 12:10 PM | 2 Likes Like |Link to Comment
  • Initial Jobless Claims: +19K to 479K vs. 455K consensus. Continuing claims -34K to 4,537,000.  [View news story]
    Actually initial jobless claims are going down (slowly)...it is the seasonal
    adjustments that seem to be off...
    Aug 5, 2010. 09:46 AM | 7 Likes Like |Link to Comment
  • Initial Jobless Claims: +19K to 479K vs. 455K consensus. Continuing claims -34K to 4,537,000.  [View news story]
    Good question....seasonally adjusted number for 7/30/1983 was
    415,000
    Aug 5, 2010. 09:11 AM | 6 Likes Like |Link to Comment
  • Initial Jobless Claims: +19K to 479K vs. 455K consensus. Continuing claims -34K to 4,537,000.  [View news story]
    What??? Only - 5 for data???
    Aug 5, 2010. 08:49 AM | 8 Likes Like |Link to Comment
  • Initial Jobless Claims: +19K to 479K vs. 455K consensus. Continuing claims -34K to 4,537,000.  [View news story]
    Remember when everybody used to use the Daily Treasury Statement as proof of no recovery????
    Aug 5, 2010. 08:45 AM | 4 Likes Like |Link to Comment
  • Initial Jobless Claims: +19K to 479K vs. 455K consensus. Continuing claims -34K to 4,537,000.  [View news story]
    Non seasonally adjusted initial jobless claims....

    7/31/10 399,570
    8/01/09 466,695
    8/02/03 333,790
    7/30/83 383,400
    Aug 5, 2010. 08:34 AM | 13 Likes Like |Link to Comment
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