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Yes, but today, a recessionary level of consumer confidence is viewed as confirmation of how much better things are getting? shoot me!
Oh oh... the Fed is in a bind. Oil prices are en route to their 2008 highs, and manufacturing is plunging. What's it going to be boys? The plank or the musket?
McDonald's, at the urging of the Obama Administration (and a wink and nod from The Bernank & Jeetner), is ramping of efforts to recruit more hamburger assemblers.
two all-beef patties
=steps in manufacturing process
Thank god, our college grads might have some employment opportunities after all.
If a college graduate is still making payments on college loans at death. That persons body will be confiscated at death along with any and all assets and sent to a medical college or research facility so that persons body and assets may be used to further the resources of said college or facility.
Translation = involuntary organ donor per auspices of new IMF Organ Donor Debt Reduction Treatise.
You forgot my onions, sir.
I forgot the onions.
I would be a bad assembly line/manufacturing sector worker.
Holding the onions? Well, yeay for the McDonalds economic model, horrible deadly overpriced 'food' that my dogs wont even eat. And thats a true story, my dogs reject McDonalds.
Same with my friend's German Shepherd. That dog is smart as hell. Completely walks away from McDonald's "beef patty."
Zimbabwification of the US almost complete with surging stock market, soon to go up 50% daily
When Wall Street opens the foreclosure floodgates the Mugabe/Obama Gono/Bernanke analogies will shift into high gear.
On zero volume.
Yes, but I heard on a NPR Market Place Morning Report yesterday that higher gas prices, even $5.00 a gallon, would not hurt the economy because the manufacturing sector is now the main driver of the economic recovery.
So what happened to the great manufacturing recovery? More green shoots BS?
NPR has dropped the ball in most horrific way over the last year. Maybe related to all the .GOV assistance they needed to stay on the air... hmmmmmm.
Sometimes listen to NPR for a giggle or two although one tires of having crap read to you at a 4th grade level. NPR has been probably the most biased news source outside the NYT for the last 30-40 years now. Soros dumped $1.8 million into them last October thru his Open Society Foundation to help fund 100 new reporters for it's 50 members. Soon after that, I started hearing stooges from his Center for American Progress funded group start showing up in force.
Wow. I am shocked. Never, ever saw this coming. (not)
Why bother Manufacturing, when you can wealth create with printing presses?. That Henry Ford was such a sucker to go to all that bother with the assembly line, mass production capers.....
you can't dump trillion FRN's and not expect some impact..slow improvements in employment, stimulus to manufacturing, etc..but the impact of inflation is larger and removes the value created..so while slowly swimming up the toilet bowl the flush of debt is washing us down the hole...too bad the elites seem to never pay.
So far the turd is still floating. Hang on and have some faith.
The flush of qe2 is about over and we are still in the bowl.
CNBC right now highlighted consumer confidence - passed over richmond fed. yeah, i know i shouldn't watch it, but couldn't help myself
It's like watching a train wreck. You stand and watch instead of running even if you must dodge flying bodies.
Yeah, I can see that hockey stick, if you're holding the blade and the butt end is on the ice...
Why do we need economic growth? Stock market growth, dollar distruction, and commodity boom are all that matter.
This is a strong signal from the real economy that inflation continues to be moderate & contained due to the inability of manufacturers to pass along temporary upward pressures in raw materials and intermediate goods. This also clearly quantifies the remaining slack in generalized manpower availability and associated wage pressures. This bodes extremely well for our continued belief that these pressures will bring about a natural moderation in the recent upward pressure in some raw materials costs. I would be inclined to consider that until employment returns to historical norms there should be little reason to alter our long term outlook regarding keeping interest rates low for an extended period while clearly illustrating the need to maintain the balance sheet of the federal reserve at the levels that it will attain at the end of our current program of quantitative easing.
- Ben Brenanke at tomorrows presser
looks like the market is celebrating the inevitable arrival of QE v.XXX.
If treasuries, oil, and stocks are all going up today, where is the "New" money coming from? Gold? Silver? Yeah right.
Fade the inflationary trade ( u shuda started a while back).
Later when the screaming is the loudest that deflation is just around the corner fade that too.
This is what happens when all of the money goes to pay interest on the debt (mortgage, auto, education, government) instead of goods due to bubble asset prices sustained by banksters who profit via loans
Weekend at Bernankes part 5!! We can keep it looking alive another couple hours just till those hookers with the coke stop by!
How can the DOW not react to this today? The stock market is no longer rational. Does data that would indicate a future reduction in earnings simply not matter anymore?
In the short term the dow is a voting machine.
In the long term it is a weighing machine.
Thats because all these indexes , Charts and gages measure the old economy. This is the new economy. Earnings, Manufacturing, Unemployment all mean shit.
"Respondents in the current survey were generally optimistic about their business prospects over the next six months." Because major indicators point to slowdown??
"Respondents in the current survey were generally optimistic about their business prospects going to s#^! over the next six months."
well, after japan, zHeads have been figuring "economic growth" might go negative. even though it wasn't all that healthy anyhow, especially adjusted for reflation and the dollar dipz.
if 'economics' has any reality left to it at all, the fuking goobermint will hafta start sending people home, or shut down. maybe QE3 can buy some more time, but for what, at this point? more negative growth?
batmanke may win a Nobel Prize, tomorrow, but slewie still thinks FED watching is a vice. the circus elephant is the US Goobermnint, in the center ring with prez milk dud.
the FED is a sideshow.
and where are the clowns to shovel up the elephant shit? lQQk at all that elephant shit! jeeeez! i think something's on fire, too!
12:23 EDT : Rush Limbaugh calls out "Zimbabwe Ben Bernanke" and QE-2 driven inflation for contributing to higher gas prices.
and the DOW rally's
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