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Maybe a little birdy told them to hoard some cash.
PMI/pms = bear mkt, BiCHeZ!
Breadth of EMPLOYMENT expansion relaxed from a 27-year high.
This one never gets old. Expansion, lol. 27-year high, loool! It's more like someone has been high for 27-years.
UE in the midwest higher than national average, yet employment for the PMI is highest in 27 years. Seriously, who is dumb enough to believe that giant load of BS (other than the retards anchoring CNBC)?
don't believe you are reading correctly, rate of expansion can be at 27 year high but then now decreased. not sure the miss was so awful overall!!
Most companies in the Supply Side paradigm are bankrupt, regardless of what their FASB approved cook-books might say.
It's a good thing they are acting bankrupt, closer to reality.
PMI missed, PM doesn't.
"And why wouldn't they: when in the history of human events has central planning every worked?"
This statement provides a perfect moniker for the past three years. All the rest that you have written (which is great) just fills in the details.
Everyone with any common sense can see the collapse coming. It's like a train wreck in progress and there's not a damn thing you can do about it except run away.
Only thing is, where you going to run to?
Everyone is in the same mess if not worse, only some are better at hiding it.
My shelter stocked with food, copper clad lead, Gold, and Silver.
Don't bet against the window dressing.
The window dressing is burning.
Ah, the month-end window dressing. Where do we see it most today?
Wake me up at T minus 1 month...
I'm setting your alarm clock for Memorial Day...
Bankruptcy? What's Bankruptcy? Damn these 'Companies!' They're not supposed act this way! Could someone polease tell these 'Companies' that there is no inflation and their customers want to buy stuff.
The market continues to price in an economic boom or maybe a "crack up" boom of epic proportions.
Hard to fight the tape with deep cyclicals like CAT and GT making new highs.
Robo, bro.... how long have you followed markets? Stocks aren't moving higher because of real end product demand. C'mon, you KNOW this. Balance sheet engineering/ earnings mgmt. and dollar depreciation.... that's all you got son. This rally, like everything else in our financial system, is being synthetically created.
The only stocks Robo 'owns' are just in his sophomore high school economics class hypothetical paper trade investment account anyway.
Spalding the Delivery Boy says differently.
And Spalding has his finger right on the pulse of Chicago.
How about that Queen ladies and gentlemen?
And we are on track. Gold, silver at day high. Just sitting here.
consumer sentiment near 70....evan as 71% of the nation believes we are in recession, depression or heading there.
Seems to me that companies are skittish because they are having trouble growing their real business of providing products and services. A big part of the rebound in profits is dirt cheap financing. Companies are borrowing at a nominal spread over LIBOR. If one is paying LIBOR plus 100-150, their cost of debt is in the 1.25-1.75% range. This is very low compared to a few years ago when they had to borrow at 4-6%. This makes for a nice boost to profits. In addition, managers know that food, energy and clothing are rising rapidly in price, making it harder for people to buy durable goods and leisure items. This makes managers tentative resulting in hiring and now we are seeing layoffs picking up again. We are at the point where the economy must pick up or double dip will be in the cards. With the Fed Gov wasting money on excessive defense and a growing interest bill are not positive factors in the long term. Cutbacks at the government level are not good in the short term. The catalyst for growth is difficult to find.
Where does a small/med size business get financing for 1.75% I'll take $1Billion please.
They don't. That rate is only for the politically connected corporations like GE, GM and the Wall Street banks.
Sun Tzu: Don't forgot the wives of all the above mentioned.
Price inflation really hit home last night. A handle (1.75l) of my favorite cheap vodka jumped by $3. Same across the board for most top-shelf brands.
Try buying some Bordeaux 2009 0r 2010 futures in $USD for a shocker.
Check out the Grand Cru Burgundies if you really want to be floored. They make all but the first growth Bordeaux look cheap.
Hope you bought a case.
At least in Russia, they have enough kindness for the huddled enslaved serfs to provide them with dirt cheap rotgut.
Make your own alcohol
The disconnect is at world record wides...
With LULU still pinned at highs after a stunning run off the 2009 lows.
Aren't things 10000x worse, currently, than they were at this time in 2008?
Fuel costs are alreay higher than they were this time in 2008...
What exactly has changed materially?
What is next?
The answers to your questions is NO. You are just in insane and can no longer comprehend the goodness of our reality. Shame on you. Please report to the Department of Health Services for a more comprehensive indoctrination program.
not really an answer. Care to be a bit more specific?
R U serious? I was just pulling your tail!
*didn't junk you
Believe it or not, my food costs are down this year:
Whole Foods still offering $2 off anything at the salad bar or hot food bar on Wednesdays., and $2 off all sandwiches on Fridays.
McDonalds still offering 2 Big Macs for $3.50, and McDoubles are still only $1.
After signing up for my Starbucks card, my Cafe Mocha is still the same price as last year, and on top of that, I get a free drink card in the mail every two weeks.
Subway is still offering $5 sandwiches every other month.
Gatoraid and Poweraid still on sale regulary at Ralph's Market for $.79/bottle.
I can still get deals on Monster Energy for $1/can at least once a month from the local Hispanic markets.
The only inflation I'm feeling is gas prices for my truck.
Sounds like you eat a lot of s**t as well as talk a lot of s**t.
Well at least you can still get your poisons at a reasonable price.
Is your local hospital offering a 2-for-1 special on quadruple bypass surgeries and/or diabetes testing supplies?
With the shit you eat it's no wonder you are such a moron.
I'm sure you haven't noticed the that the meat has been shrinking on your burgers (I do because I don't stuff them down my face every day--maybe once a year), and your taste buds have been burned out from all the additives they put on those burgers, so you haven't noticed the decline in the quality of the beans used at Starbucks.
You probably don't realize that those $5 sandwiches used to be that price every single day, due to MSG overdose.
You probably don't realize that sugar water has super high margins, and as such will be among the last consumer goods to decline in price (given that 2 liters of coke costs the same today as it did 15 years ago).
I'm sure you didn't notice that your energy drinks all fell off the back of a truck. Probably understandable as you were probably fending off sewer rats the size of badgers while clawing your way through your salvage store, where you are now forced to shop because you have lost all your money piddling around in the stock market.
I'm sure you haven't noticed that you utilities are costing much much more, as your mother pays for those.
It's easy to ignore what you don't want to see, isn't it?
While robotrader is at it why dont you replace your profile picture with a cool looking robot instead of the stupid %^&&% picture out of your mom's JCPenny Bloomers Catalog.
Robos food costs are down because he shops in dumpsters.
You are getting lesser quality for the same price.
Also, food cost are small in comparison to other services that define middle class in America: home, education, healthcare. Save a buck on fast food, lose thousands in inflation in other areas.
It takes some real chutzpah to call those "food" costs.
Food costs are down? My Gramma's Lil Friskies bill took another leap. We are looking at Alpo to keep the old girl nourished!
Ask yourself: Is this still the same product? Consider QUALITY, consider QUANTITY.
So, in case of Germany - yes, the price might still be the same, but many products have changed - so you may pay the same price, but you get 10-30 % less for the same money plus it might not have the same quality. Same goes for every other country facing inflation. And there are other tricks...our whole world is based on this concept.
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