Monday, April 5. 201025-54 Year TroughFriday, April 2. 2010Ugliness troughs![]() Civilian Employment-Population Ratio, Monthly, Percent, Seasonally Adjusted, 1970-2010 The civilian labor force participation rate (64.9 percent) and the employment- Employment Situation News Release Friday, October 30. 2009Total Rental and Homeowner Vacancy Rate![]() Rental and Homeowner Vacancy Rates for the United States, 1965-2009 Friday, October 2. 2009More ugliness![]() Civilian Employment-Population Ratio, Monthly, Percent, Seasonally Adjusted, 1970-2009 The civilian labor force participation rate declined by 0.3 percentage point in September to 65.2 percent. The employment-population ratio, at 58.8 percent, also declined over the month and has decreased by 3.9 percentage points since the recession began in December 2007. Employment Situation News Release I'll update the pure ugliness chart later today if I can stomach it. Thursday, August 13. 2009I don't think it ever wasn't fraudThe SEC alleges that DiPascali, who resides in Bridgewater, N.J., sustained Madoff's unprecedented fraud from at least the 1980s until the scheme's collapse, causing billions of dollars in investor losses. A specific computer was used to simulate phantom trading in advisory accounts, and to generate phony books and records reflecting that trading. This fake set of books and records was kept separate and distinct from the books and records for the market-making and proprietary trading operation at Bernard L. Madoff Investment Securities LLC (BMIS). When investors sent in funds to BMIS for investment, the funds were deposited or wired into a bank account at JPMorgan Chase that was not in any way reflected on the books and records (including the ledger) of the BMIS broker-dealer operation. SEC Charges Key Madoff Lieutenant For Operating And Concealing Fraud Through Bogus Trades And Documents Or as I mooted a little while back, Me, I don't think it ever wasn't fraud. Bernie may even have fooled himself for a while, but the more I hear, the more through-the-looking-glass I feel. I think he got killed because he set up a Ponzi scheme. Bernie's histogram #1.1.1.1 It's not like our intrepid college dropout didn't have a nice run while it lasted, though. The SEC further alleges that DiPascali misappropriated investor funds for personal gain, setting up an account at BMIS for himself in 2002 that he named after his fishing yacht, Dorothy Jo. DiPascali withdrew more than $5 million from the account between 2002 and 2008 to fund personal expenses, including the purchase of a new boat. DiPascali's withdrawals were funded directly from money deposited by investors with BMIS. Investor money being used to fund the overall operations of BMIS also contributed to the more than $2 million in salary and bonus that DiPascali received each year. SEC Charges Key Madoff Lieutenant For Operating And Concealing Fraud Through Bogus Trades And Documents Whew. Punk rock.
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