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It's a man baby:
"policymakers staying on the sidelines"
how long will they stay there on the sidelines and let Jan and his company do God's work without interference?
Classic psychology - herd following behavior. It served our ancestors well, but makes investing, or forecasting, very, very hard.
Not to mention the real career pressures to conform to the company's stated position.
Later, among the ashes, he'll testify that he was just following orders...
Inflation "a drag" on households but, by golly, the S&P should be go to 1500 this year.
"..we're early in the recovery.."
Yes sure, and I'm off to grab my pot of Gold at the end of the Rainbow too... i suspect we'll arrive at the same time to 'Point Fantasy'
Nirvana's just around the corner
hanging out with the housing bottom.
What???? Everything's already priced
beyond nirvana? Well, fuck all.
how much better Goldman Sachs had gone bankrupt in 2007-08 and we wouldn't have had to put up with 3 years of BS from these insolvents?
Capitalism is supposed to work by killing shit like this, now you understand why it's so important, gives your bleedin' ears a rest just for starters
He's already hedging. My bs meter
detects he is shifting all the happy
outcomes to the 2nd half, so he's
already sensing trouble ahead.
Low inflation is an easy call when you know the CPI is rigged to the overweight in housing. Rock on, dude.
Edit: Russell futures added.
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get lost, Bitch
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On whether this is a buying opportunity in the market:
First of all it's a Borse not a Market anymore.
We're on our way to the mother of all train wrecks.
of cosmic proportions, yo
no, more subsidies to prop up AmTrak
Global Food Inflation: here to stay as a chronic thorn in the side, a sore that never fully heals. It will eventually turn ugly as it ends up being the only thing that matters anymore to an increasing number of countries and populations.
Unemployment levels: this was another leg down in the ongoing downsizing of America. There won't be full or even adequate replacement of jobs lost as a result of the crisis during the ensuing business cycle. And then the next leg down. Around the world tonight, levels of unemployment are unprecedented. In the US the numbers appear better than they real are thanks to the magic of data massage (read participation rate and other stupid BLS tricks). But nobody's fooled except for those who chose to fool themselves or con others. There won't be a reaction until the elite begin to fear for their lives and property.
Consumer spending: the nub of the issue since our partners in crime (mainly China) depend on this. Biflation will continue to ensure the further erosion of consumer buying power. That in turn will erode margins further. Wash rinse repeat. Double WHammy.
Inflation: Headline numbers appear better because inflation and deflation are canceling out. As I've said many times. CPI is 40% housing related. Nuff said.
Job creation: is fine in China and Russia thanks to US multinationals shifting their focus and endeavors. They'll sooner hire there than here.
Jan Hatzius is just another "cattle prodder" in the PPT's arsenal to get the herd moving in the direction the PigMen are trading.
May 2008: "Buy, Buy Buy!!! Subprime is contained, no impact on the economy whatsoever!!"
September 2008: "Sell!!! There are cracks in the system, GDP is going to implode!!!"
April 2009: "Buy, the Fed is going to keep buying more CDO Squared/Cubes!!"
May 2010: "The Fed is stopping QE!! The Flash Crash means the system is going to implode!! Sell!"
September 2010: "The Fed is cranking up QE2! They were only kidding about withdrawing stimulus. Full speed ahead!! Buy, Buy, Buy!"
which one is cramer??
Mein Gott Jan, halt endlich die Schnautze Du blamierst dich nur!
WHAT A BUDDY HOLLY LOOKING FREAKAZOID.
UNDERNEATH THAT SKIN IS A LIZZARD OVERLORD WAITING TO MOLT.
So the dumb arse investments banks hold commodity/stock/risk FX longs, they are about to get squeezed to hell. They are long everything. With the Fed backstopping they couldn't go wrong.
now the feeble attempt at a bull trap
He looks, talks, and thinks like Jack Nicholson in One Flew Over the Cuckoo's Nest.
Post lobotomy... drivel and b.s.
** time - for - the pillow **
Lying,cheating,thieving Banksters make me puke.
But I hear they make good compost.
This guy is full of it. Seems more like a PR man than an economist!
I have no faith in any public statements coming out of Goldman Sachs.
If any of their employees have the time, please explain why we ought to trust or believe.
"Having said that, there are also a number of more positive factors pointing in the other direction and that improve household budgets, the improvements in the labor markets probably the most important of them. It is a potential negative, but I think it is being outweighed by other forces."
Can somebody translate this for me?
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