Between “seasonal adjustments” and bureaucratic sleight-of-hand, it is almost an impossibility to try to guess the NFP headline number tomorrow, let alone the impact the “real” number will make on markets.

Perhaps “terrible Thursday” will put enough traders on the sidelines through the fear-of-god factor and the Friday jobs data will be a non-event.

For some further reading try this:

http://jessescrossroadscafe.blogspot.com/2010/02/non-farm-payrolls-report.html

“President Obama joined Paul Volcker, former chairman of the Federal Reserve; Bill Donaldson, former chairman of the Securities and Exchange Commission; Congressman Barney Frank, House Financial Services Chairman; Senator Chris Dodd, Chairman of the Banking Committee and the President’s economic team to call for new restrictions on the size and scope of banks and other financial institutions to rein in excessive risk taking and to protect taxpayers. ”

The inclusion of Dodd and Frank, two world class experts on banking and economics who hand no hand in the recent financial fiasco, is particularly brilliant.

Who were the “brains” behind the TARP bailout? I seem to recall Republican congressmen were violently opposed to that stupid program and had nothing to do with AIG and GM bailouts either.

More grandstanding for the unwashed masses for votes in the 2010 general election. What deals will be cut to ensure campaign funds from Wall Streeters in the coming months I wonder?

Wondering why the global economy is so thoroughly screwed up? Please read this short article for some insights into why we are where we are in a faux recovery.

The Academic as Economic Expert Debunked

“6. Angry American public to form third party in the US
The anti-incumbent mood is approaching 1994 and 2006 levels as a result of bail-outs and general disapproval of both the big parties. A demand for real change among American voters could propel a third new party to become a deciding factor in the 2010 elections.”

This is the most plausible of the bunch.

…Link…

Talk about dealing with securities fraud. Tough love indeed.
BEIJING — China executed today the former manager of a securities company who embezzled millions of dollars — the first execution of an executive from the communist country’s financial sector, state media said.
…Link…

In a never battle to stimulate consumer spending and boost economic activity, the administration is considering some of these proposals:

…Link… Visit W3Schools.com!New Economic Stimuli proposals

For all us old timers out there this brings back memories:

http://www.youtube.com/watch?v=_jhKEBVE9zw

If one is concerned about confidence in USD and the state of US debt levels, this opinion piece in NYT is required reading. When I read comments like this one from the op-ed piece I fear for what sort of ram-rodding of policies could occur if the Pelosi-Reed-WH economic advisory team troika will foist off on taxpayers.

Remember Reid has already complained about this pesky problem.

Strong dollar my foot!

“However, Yglesias feel that pesky matters like Congressional rules are getting in the way of that problem-solving: “But giving defeated electoral minorities veto power over large elements of national policy tends to undermine this dynamic. What’s wanted is an opportunity for the Obama administration to take its best shot at fixing the economy ….”

http://opinionator.blogs.nytimes.com/2009/11/20/whose-recession-is-it-anyway/

3 men arrive in heaven:
The first man walks up to Einstein and says “I have an IQ of 220″. Einstein says “excellent, we can discuss quantum physics!”

The second man approaches and says “I have an IQ of 120″…and Einstein says “that’s great, we can play chess together”

The third man saunters up and says “I have an IQ of 20″…Einstein says “so where’s Cable trading then?”

India, Japan, Korea and Thailand seem to think the great procrastinator will press China on anything? His Asian tour of contrition and apology is proof positive he doesn’t have the “right stuff” to be the supposed leader of the free world.

http://www.bloomberg.com/apps/news?pid=20601109&sid=al7q1khJ9o3k

… and the NYT piece on his Tokyo stop:

http://www.nytimes.com/2009/11/14/world/asia/14prexy.html?hpw

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