CNBC host to Commerce Secy' Guitierrez: "traders are laughing at your numbers."

[swag]

Funny. Bush Commerce Secrectary Carlos Guitierrez was on CNBC a few minutes ago and was being ridiculed by the host about the employment numbers, how they are being bounced around, how 800,000 jobs were "miraculously discovered." He said to Guitierrez, "traders are just laughing at these numbers."

Guitierrez responded with typical admin talking points and kept insisting that "the important thing is to get the numbers out as quickly as possible."

Then another CNBC commentator asked if any of these upward revisions in job creation numbers announced today had anything to do with Tuesday's election. Guitierrez just fell back to admin "strong economy" talking points.

Quite amusing. "Traders are laughing at these numbers."

[thefloyd]

1. Funny

Latest GDP numbers are phoney as well. One input was an increase in Automotive production by 26%. Please.

[speedoo]

2. Cool. Obviously the CNBC questioner was not Kudlow.

Freakin' RW hack Kudlow is ridiculous.

[swag]

4. Kudlow's a tool. He made more sense before he was rehabbed for

booze and coke in the 1990s.

[truebrit71]

12. I hate that fucking prick....

...I have to watch CNBC at work and I fucking hate when that tool comes on...

I can't wait to watch his head explode next week!!!

[Ellis Wyatt]

3. Honestly

politics has no place on the trading floor. It's a perfectly free market down there, and it's quotes like these that really show how great they are at cutting through the crap of political posturing and immediately understanding what the "real" numbers are. People assume "Wall Street" is all greedy republicans, and yeah, I guess they are mostly republican, but all they care about is money (more accurately understanding the direction and velocity of the market) so they don't pull any punches.

I worked with those folks for a few years, and it's downright scary how brilliant the traders are.

[kiahzero]

5. If only they turned that brilliance to something socially useful. (n/t)

[Ellis Wyatt]

6. you mean other

than using current market and world events to immediately value all commodities, and currencies, public companies on the planet? Useful besides that?

[Richard Steele]

11. Yes. "Useful besides that." nm

[Norquist Nemesis]

7. The traders are brilliant

I agree! I've always been somewhat in awe of those who have mastered in arbitrage. (Such a beautiful sounding word for having the instincts of a shark. LOL!)

Unfortunately, it's not the traders that are at the microphones in front of the cameras. If that were the case, what we'd be seeing would likely have more reality than spin. JMHO.

[Ellis Wyatt]

8. oversimplification

instincts of a shark doesn't begin to explain the story. They are brilliant for being able to take immensely complex economic news and immediately stripping away the fluff to get at the real issue - and also be able to see how that news will immediately impact all the other economic indicators.

They process information and act upon it at light speed. To imply that it's animal instinct is ignorant

[Norquist Nemesis]

9. Alrighty then! Thanks for the lesson Professor and calling me

ignorant.

[swag]

10. a kick before dying

for comedic value