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and sadly people want to keep buying stocks because they think Greece is solved and we can't 'double dip'?
It is a double dip per se because REAL inflation has increased to approximately 8% yet GDP may only be up 2%, and thus the consumer is contracting.
Right, it's so not hard to figure out that a contraction is actually very likely by Q4, and Q3 is going to be a .8 - 1.3% print. The man reason for the budget action delay is that government spending is the only one keeping the corpse animated. Are we seriously not aware that even very mild austerity will put us GDP negative? I'm not even arguing against it, it's obviously necessary, but this is not a have cake/eat it too scenario. THOSE SCENARIOS DON'T ACTUALLY EXIST.
LOL Thats a man baby
Like they don't KNOW what will happen. The squid and JPM give orders to the fed. Pretending like they don't own the fedgub and fedres is disingenuous.
disingenuousness is their business.
their only business.
Speaking of not knowing, the other morning CNBC's Car Shill (LeBeau), came on with breathless "Breaking News" about Boeing: They project plane sales to top four trillion dollars over the next 20 years. Sure glad they got that timely prediction out in the nick of time.
I actually think that's on the low side. Given the worth of the dollar, that's something like three 777s and some patchwork 737s for Southwest.
Spot On - the Bernank and the Blankfein were room mates at Ivy Ilk...
- and we know WHO was the BITCH.
Did they shine each others cue balls with sex wax??
it's a bitch being two bald fuckers in college...
Keynesian Multiliar Effect no longer works, either.
It's never worked.
The multiliar effect seems to work reasonably well, in the short term. The multiplier effect, on the other hand...
Despite some encouraging signs of stability in the “hard” data
Despite some encouraging signs of stability in the “hard” data
Made my laptop move.
This is clearly the best comment in this thread. I think many didn't understand the humor.
We got it, dude. Pointing it out makes us wonder if you're in the same room...
Funny thing is, 2 was the logical number 3 weeks ago. At this point, it's probably closer to 1.5. And Tyler's 48 ISM is probably about right, contingent on Chicago, Dallas and Milwaukee surveys. Otherwise it will be closer to mid-40's. (and fwiw, the 53 ISM in May correlates with 1.8 GDP; 1.5 goes with a sub-50 ISM)
So then GS says we are growing still. Up from Q1 1.9%? (which includes lots of gov't spending)
Goldman Cuts GDP View to 2% as Economy Weakens
When do TPTB admit we are now in Great Depression II?
Five years ago the S&P was at 1270. Now, after the death of FNM, FRE, the near deaths of C, AIG, GM, etc. we are back at 1270. Congrats everyone! WOOHOO! [bondz bitchez]
the near deaths of C, AIG, GM, etc. - The lot of them are Now the same as Lazurus with a triple bypass.
The walking dead - nothing learned - nothing changed - nothing conglomerates who hide in high castles of vanity.
But I get your point even if we are all shareholders in vain zombies
Gold up ~2.5 in past 5 years (nominally)
Silver up ~ 3.5 in past 5 years (nominally)
What industries are "growing"? I'm still confused on this.
Think - Government spending on food stamps and various other growth industries created by debt nazis (why beat around the bush - Bush x 2).
without it and the "Wars you had to have" you would be well and truly pickin ya nose
Porn, Raiders gear, meth, liquor, cigarettes, oppression.
Guns, ammo, reload kits, generators, short wave radios...
As Burn, Baby, Burnanke rubs his hands in wicked glee, cooing to his Mega-printer 9000, "Soon, my precious, soon."
I saw The Bernank at Costco buying one of those wall mount air conditioners... Said he needed to keep the Mega-printer from overheating...
Had a pallet of ink cartridges, too...
Bernanke Buck Green they were...
I've got some work to do sorting out fact from fiction but Standard was front running Goldman for a number of weeks on the copper bonded warehouse story coming out of China.
Seems Standard was ruining Goldmans position here so they got Bloomberg to pipe in to ruin Standards/FT's thesis.
Long gone are the days when actual producer supply/consumer demand ruled. We are now just left with smoke and mirrors in order to save speculator positions.
Everyone should read up on the tin cartel to understand the ultimate outcome.
any links or helpful info other than that suggestion?
First, we use our setup to identify a threshold above which the Fed might start to tighten. Assuming the FOMC moves in lumpy increments of 25bp...
There is the real news from this release. GS is now openly talking about introducing FOMC moves in increments <25bp whenever the economy strengthens. Japan here we come as Goldman unzips and whips out the incremental increases of 10bp cock to see how badly everyone chokes on it before attempting the standard sized 25 cock.
Nike Air Max brought out innovative mingling Hyperfuse technology-Nike Air Max 1 sneakers. Revolutionary know-how may be pertaining to Nike, it under no circumstances ceased, plus it has the innovative R & D technological know-how can be had been employed together with basic sneakers, after which it break open out from the innovative features. This particular part that will air max 2010 womens since the prototype, that has a breathable light Hyperfuse technological know-how, bursting the last Air Max 1 sneakers fat sense.
Friday night "Suction Cups". Or better yet! Sea of CORTEZ SQUID!?
I like how those consumer confidence numbers were swept under the rug. (71.8 vs a projected 74.2?) "Sinatra" must be Replaying," Jack the Knife" in his grave!
Well, do you want Wall Street GDP which includes Fat Mega-Bonuses...or do you want Main Street GDP? There is a massive abyss between.
You are a good poster, BTW.
I love Z/H . Man the sun is coming up, and my 6hour Jet lag is a little bit easier!
I hate that Pan pacific time change. BRUTAL!
RIMM implodes; AAPL implodes; S&P implodes but basket of Yukon gold explorers continues to advance with ATC.V and KAM.V reporting continued stellar world-class drill core results. GLD continues to crank along near record high levels insulating portfolios from the 7-weeks of carnage. 1966-1982 saw U.S. stocks in a trading range of Dow 585-1024 but gold advanced from $35/oz. to $857 with about 1% of the money managers invested until it hit $500.
This is the constantly changing information they expect their clients and other market participants to use for trading and investing. Clearly it’s not the same information Goldman uses for its own trading and investing, otherwise, they could never book perfect trading quarters like they do. Clearly the information Goldman trades on is far different from what they feed us to use, which if we reacted to each time they spew it would leave us broke within a few years. I wonder what their information might be. Hey Maria Bartiromo, can you tell me anything about that? Anybody?
They own the FED. They create the conditions they need to frontrun the system.
I'm not offended by this. New data inputs = a new forecast. That's true even for the Goldman-Satans
Anyone can look at the data and retroactively say "things are slowing down" when every economic report misses huge. Just read ZH headlines and you know that. Unemployment is "stubbornly high" according to Ben himself and yet people pay GS to basically say the same thing? Lol.
Then they have the balls to say "if things change, we will update our forecast." Basically, we forecast sunny skies, but if we look outside and see rain, we'll let you know.
Just like all the downgrades of RIMM lately. Where the fuck were they when the stock was at $70? It's too late now, the easy money has been made shorting or selling it. It's like looking at a box score of a baseball game and saying "the Yankees hitters are looking good lately" after they bang out 14 runs. Thanks for the fucking insight.
My point is, these "research calls" have no value, because you can't trade on them. If an equity collapses 80% and then it gets downgraded, it could easily bounce back, or fall maybe a few % lower. But again, the easy money was already made.
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