Yes, as a matter of fact, I am gloating right now. I told you that the economy was getting stiffed repeatedly through higher commodity prices, yet many of you chose to ignore my warnings, rushing into the mob to try and steal yourself some free cookies. Now, you’re going to be trampled as the herd bolts for the exits.
Myself, I’m sitting in a war tent, watching my front line setting up the trap door. As you are all haplessly steered into my forces where you will meet your demise, know that I shall be calmly dining on humus whilst flipping you the bird.
And on that note, let me say EPIC fail on the part of ADP.
According to these so called experts, we added over 150,000 jobs this month. According to the government, an organization not disposed to admitting trouble, we added less than 20,000.
That’s a difference of almost 1,000%.
How exactly did these stupid bastards miss by so much? I can only guess, but knowing the kinds of people in these sort of jobs as I do, I’d venture it’s because they are fucking lazy assholes. There’s no way anyone actually counting sample sets and using basic statistics appropriately could have been off by that much.
But counting is hard, and takes time and effort. So they probably forwent the actual work and just made up some stupid assumption that told them the 150,000 number.
“Hey, let’s just use linear regression on the last few months, that’ll show us where things are going. Hell, momentum will about get us there, no way we’re off by much…”
Take solace in knowing that ADP’s credibility is being gutted as callously as your net worth.
All we need now is a debt reduction deal to support the currency, and the final nail in your coffins will be set.
Now I’m busy, and much too distracted to sit here and watch your blood flow all morning. I’m going off to get some work accomplished.
Have fun being slaughtered.
If you enjoy the content at iBankCoin, please follow us on Twitter
lmao…great post!
don’t forget to smack the baby on the way out
Fabulous! Love it! Oh, and there is still plenty of time to short things.
Indeud, a great post!
I have a rule, if a corporation has more than 500 cars in the parking lot. They are just as “inefficient” and bureaucratic as state and federal governments.
ADP certainly fits the bill.
the problem is that the market believes anything…especially from ADP!
(Laughter) MGM swung green. It’s fun when it’s stupid.
hey hummus boy. next time,try some crushed sauteed pistachios in butter and drizzle it over the top. i eat that shit like its goin out of style
How MGM is staying positive on a day like this is beyond me. Either the buyers are “stupid” or this has become a new underground tell for the market. If unemployment sucks, growth sucks, and the overall US economy sucks, there is no way this company can continue to perform.
Still, based on those last 2 visits to Vegas this past month, it didn’t appear that the lack of jobs was keeping people away. They had to be spending their money somewhere…I guess a lot of people really want to see O.
Underestimation invariably leads to defied expectations.