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The Daily Propaganda Is Just Getting Painful
Bloomberg headline: "Capital Goods Orders in U.S. Climb, Signaling Investment Pickup"
Goldman Sachs: "Durable Goods Orders - Weaker than Expected"
Someone should explain to these people that propaganda is far more effective when everyone on the wrong team knows they have to lie.
From Tim Homan's Bloomberg "independent report":
Orders and shipments for non-military capital goods excluding aircraft climbed in June, signaling investment by U.S. businesses picked up heading into the second half of the year. Such bookings increased 0.6 percent after jumping 4.6 percent in May, more than previously reported, figures from the Commerce Department showed today in Washington. Total orders for durable goods, those meant to last at least three years, unexpectedly dropped 1 percent, depressed by a decrease in demand for aircraft which is often volatile.
From Goldman Sachs:
USA: Durable Goods Orders - Weaker than Expected
Actual: -1.0% mom, +15.9% yoy
Previous: -0.8% mom
Consensus: +1.0%
Released: Wednesday, July 28, 2010 at 08:30 (New York time)Weaker than Expected
BOTTOM LINE: Contrary to expectations, new orders for durable goods fall in June; orders for nondefense capital goods ex aircraft rise only modestly.US-MAP: Durable goods orders -8 (4, -2).
KEY NUMBERS:
Durable goods orders -1.0% in June (mom, +15.9% yoy) vs. GS flat, median forecast +1.0%.
MAIN POINTS:
1. While the median forecast had looked for an increase, headline durable goods orders declined by 1% in June. (Orders in May were revised down slightly from -0.6% to -0.8%.) Orders ex transportation and ex defense both fall in June (by 0.6% and 0.7%, respectively). Increases in orders for electrical equipment (+3.7%) and fabricated metals (+1.2%) were more than outweighed by declines elsewhere, including transportation (-2.4%), primary metals (-2.0%) and computers & electronics (-1.9%). Orders for nondefense capital goods ex aircraft edged up 0.6%.
2. Shipments of nondefense capital goods rose by 1% (and by 0.2% excluding aircraft). Inventories continued to rise (up 0.9% on the month) and have now risen in five consecutive months by an average of 0.8%. On balance, our first impression is that the data have no major implication for our estimate the real GDP rose 2.0% at an annual rate last quarter; this figure will be released Friday morning along with annual revisions.
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Tyler, you mean "when they are being paid off to lie."
<s> Paid to lie? Surely you don't mean CNBC. </s>
I believe the core group of ZH regulars represents a collection of some of the best financial/political minds available - on the net or otherwise.
When reading & evaluating propaganda, it is always important to question not only what false "leaders" have communicated, but WHY was it allowed/directed to be placed in the public sphere in the first place. That is, what is the intention of such action?
With most/all economic indicators now signalling that, indeed, we never left the GDII, WHY is this information now being transmitted? What does it mean?
One of my favorite passages in "On the Road" is when Carlo (Ginsberg) asks Sal (Kerouac) and Dean (Cassady):
"Whither goest thou, America, in thy shiny car in the night?"
If we can collectively gain an understanding as to why certain elements are now finally being allowed to fall into place, we should be alert as to what it really means.
Does it signal austerity? Will prices begin to drop, allowing those who were made whole with taxpayer funds to purchase real productive assets for pennies on the dollar? Even more importantly, do the false leaders think they can get away with this? WHY do they think they can get away with this? What do they have up their sleeve(s)?
"Thoughtcrime does not entail death: thoughtcrime is death."
- George Orwell, 1984
"Most propoganda is not designed to fool the criticak thinker, but only to give moral cowards an excuse not to think at all". - Michael Rivero
Unfortunately, THEY don't need to hide anything up their sleeves to steal the pot anymore. They're doing it out in the open, in broad daylight, with the consent and help of those who are supposed to represent you, and cheered on and provided additional cover by a captured MSM. The day when THEY needed to operate in darkness are long gone. Their victory over the middle class debt slaves is so complete, THEY are now in the open, in your face, there's not a god damn thing you can do about stage.
The game is over and THEY have won. Only a complete collapse can change the game.
Yet Sheeple still keep their fiatso credits in the TBTF's
hence, complete victory.
I believe the core group of ZH regulars represents a collection of some of the best financial/political minds available - on the net or otherwise.
Obviously, you need to exclud me from this group. Otherwise, bravo!
excellent questions b9. nice of you to throw in a little on the road.
humble attempts at some answers:
most likely for most, but not for the few.
on assets out of the realm of the most, most likely.
most certainly, but hubris is a bitch.
because they always have?
a little jingoism american style?
Or not. Just confuse the issue and many will just ignore it.
Bloomberg=Incumbent
http://www.nyc.gov/portal/site/nycgov/menuitem.beb0d8fdaa9e1607a62fa24601c789a0/
It is no different in Italy.
http://news.bbc.co.uk/2/hi/europe/3034600.stm
Might as well get your news here:
http://www.whitehouse.gov/
One is Durable and the other is Capital...Since the latter is U.S. Pesos, we know it AIN'T durable.
CNBC: Durable Goods Orders Fall Short as Demand Stays Weak
but they won show this :::
Greatest Depression in California: People Begin Living Without Electricity and Waterhttp://www.pakalertpress.com/2010/07/27/greatest-depression-in-californi...
Large tent city outside Sacramento also Riverside County
@ Tense INDIAN
Thanks for the link.
u r welcome ......
Electricity turned off by the company?
Here in Brasil we have a solution to this, called "gato".
oh, that's not at all hazardous. O_o
it only took 3 minutes for the markets to turn green. apparently the bots liked what they read in the bloomie article.
thank god for ZH. i dont think you'll be around too much longer, but keep up the good work before you are shut down for rampant truth telling.
"selective" internet kill switch coming.
total kill switch here already
http://www.metro.co.uk/news/836210-brit-given-a-key-to-unlock-the-internet
"A new safety system has been put in place allowing much of the net to be shut down in an emergency."
Routers? Routers? We don't need no stinkin' CSCO routers.
HAM radio data transceiver, bitches!!!!!!!!!!!!!
Ionospheric bounce, no DF. It's the only way to be sure.
haha nice.. I got my ham reciever, so at least I'll be able to listen in..Tyler you need a back up ham freq. so we can stay informed.. never mind they'll jam that too.
Not just listening, but also browsing, posting, chatting, etc. Disintermediation can include your ISP, too.
Not likely. Très difficile.
data transmission thru ham radio?
that's wicked cool.
what are the speeds on that?
Highly variable. Not so bad. Graphics not a viable option, so no Cramer pop-ups. Here is a good primer:
http://www.choisser.com/packet/
good stuff hh...many thanks.
old school is new school.
Data mining analog transmissions for intel is a high-head-count-mother fucker. One reason for the push to digital.
Old school kicks the shit out of the new:
http://www.youtube.com/watch?v=1QvfrNIK_WQ
If it comes to HAM, may I suggest HAM Radio Outlet. Nationwide, good prices, nice people, big antennas.
Ha! I have been working with Motorola PTP radios lately, and was wondering about this very thing. Seemed very plausible. Now I know. Thanks!
Don't suppose Hulu, and JooTewbs will work across that though.
Nah. They'll just sue everyone out of existence.
+1 I feel like I'm in some alternate reality, Orwellian maybe? We see the truth but it doesn't matter because they have the power to make the truth whatever they want it to be.
100 % cash waiting for gold to come down.
I could get itchy to buy if wikileaks ever
releases how truly fraudulent things are for
John Q Public to really see clearly.
Ditto. VIX looking tempting too.
What did you want to be when you grew up, Raymond?
Yep, I passed on 250 grams physical gold today.
This stuff is just really starting to sicken me. Same deal with June new home sales. They tout the 24% increase MOM but fail to say it was the worst print since 1963 and they also fail to state it was revised lower. WTF!!!!
I'll tell ya boys, this shit is going to end in tears.....eventually.
Yep, total jive. Very few reports told that it was the
second lowest number ever !
Please, Tyler.....Getting painful implies as some point it wasn't painful. Care to point out exactly when this was?
Since Bernanke went on 60 mins on March of 2009, the propaganda coming out of this administration would make Goebbels blush (i jest, somewhat).
It is apparent that the propaganda propagated by the MSM in the run up to the Iraq war, is know the blue print for all MSM media operations.
First of all nice alliteration on the 'propaganda propagated'.. We see that now the Student (Obama Administration) has become the Master (replacing the Bush administration in effectively doping public opinion despite reality.)
Not really a replacement. There is effectively only one big party. It's just a continuation of what's been going on for what seems like forever...
Uncoordinated headlines? MiniProp has thought criminals within its ranks. Double-plus ungood.
You meant MinProp Ms.
That (as in your comment) is really, deeply funny.
Triple plus good (don't know the reference, but it brought instant smile!).
In other news, lying schmucks contradicted each other, leading markets firmly into the green.
Low volume, high churn.
Money earn?
When will you learn?
Gambler, addict, Fool.
ORI
http://aadivaahan.wordpress.com
(fyi, Double-plus-ungood, etc = newspeak, from 1984.)
the manipulations piss me off
the willful zeal by so many to participate in the lies lies lies of propaganda is what puts me in a state of depression
I thank God for Zero Hedge. Without it I might have just done myself in.
No kidding. This is the only place that I feel like I'm not completely insane.
This is the only place I think everyone are as insane as I be.
That's more like it.
Having a bit of trouble getting all the liars on the same sheet music? Looks like the CFR needs a group media huddle.
I always understood the French Revolution, but now, unfortunately, I feel what they felt
and I don't like it
Your comment gave me a chill. I wonder just how far off you may be...If at all.
Throughout this whole shitfest, Bloomberg has been one of the worst, if not THE worst, propaganda spouting piece of shit on the planet. Their headlines are pathetic if not TOTALLY misleading and criminal.
Agreed. It is sad to see how much they have changed in the last 2-years. Michael must send out daily memos titled "Keep New York Alive!" Bloomberg is a larger FAIL than CNBC...and that's sayin' something!
gotta keep the leases on those terminals in good standing, no?
I agree SteveNYC. For ages Ive heard this 'Switch off CNBS put on Bloomberg theyre so awesome'...according to what? Theyre the biggest Wall St front whores out there!
I agree with SteveNYC. I finally started making money trading when I turned off all TV. Even with government numbers at 10 am, I just read after the close for entertainment.
http://www.bloomberg.com/news/2010-07-28/mitsui-o-s-k-says-one-injured-i...
I always get a good laugh from Bloomberg headlines..
I totally agree that it is very important to understand that they MUST lie.. If the sobering truth were to be told, everything would turn to downward tailspin.
Although there seems to be an uptick in manufacturing, according to people I talk to, not the economic headlined, I feel it is tenuous at best and a last gasp before the SHTF..
Again, I will repeat, unless there is a fundamental and structural change all signs point down in the long term.
Imagine a smoky room filled with a dozen or so retired 'editors' from Pravda (cold war era)...laughing/coughing/wheezing as they read the latest spin from the 'free' press in America.
...reading works of todays JournOlists...
I would say all the Capital Goods ex-Transport and Defense went into inventories as they rose 1% in that category.
Has anyone seen this gem yet? Not that anything we were getting was the truth but this is downright fascist.
http://www.foxbusiness.com/markets/2010/07/28/sec-says-new-finreg-law-exempts-public-disclosure/
Thanks for the link.
You say Toe-mae-toe; I say-a chop-suey
They shoulda coulda wouda run this through the DHS for coordination.
(wow and now a captcha math question that I can actually do in my head for a change. ;)
I thank Tyler for implementing Project Mathwhiz, I can actually do negative multiplication in my head again! He's a great man...only sleeps 1 hour a nite, and has plastic surgery daily or something.
Unless my observation/data are wrong:
who has got the money to trade a block of 14000 CAC futures? (noticed today around opening of US markets...). And what can be done to the futures price if they buy/sell back these 14000 in little blocks of 25, 50 or 100?
Update 1: most European indices closing down over -0.5%, yet CAC40 stays positive...
Update 2: since closing of EU markets a linear ramp-up is going on in European futures (20 pts in STOXX, 20 pts in CAC and 40 pts in DAX)...
All news outlets are equal; some are more equal than others.
Just Gimme Some Truth !! - Lennon
Coming over at Fox Business:
SEC does not have to comply with Freedom of Information requests due to new FinReg bill.
This is crazy.
Fuking insane...welcome to the New World Order indeed.
Those who manipulate the unseen mechanism of society constitute an invisible government which is the true ruling power of our country. We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of. This is a logical result of the way in which our democratic society is organized. Vast numbers of human beings must cooperate in this manner if they are to live together as a smoothly functioning society. In almost every act of our lives whether in the sphere of politics or business in our social conduct or our ethical thinking, we are dominated by the relatively small number of persons who understand the mental processes and social patterns of the masses. It is they who pull the wires that control the public mind.
-Edward Bernays
Interesting. I just learned about Bernays a few months ago, and appreciate the quote.
CNBC today
- US Mortgage Demand Dips on Rising Rates
And if i am correct they claimed yesturday the lowest rates ever at 4.56 i think...talking about propaganda and deception.......the new home sales data were actually worse than advertised::
http://seekingalpha.com/article/216474-new-home-sales-numbers-worse-than...
They can post all the obtuse headlines they want down on the ground it's reality and last I checked, the housing market is nothing but low-ball offers and upside down. How does the MSM *spin* that? Brainwashing?
And last I checked you can *spin* any unemployment number in the press but when you are unemployed (collecting UI or not) it's pretty tough to brainwash them into thinking they have a job!
Most so-called financial journalists don't know how to balance a checkbook.
Perhaps there reporting in not intentional lies, after all if they have a American college education they probably believe the writings of Karl Marx are all the economic theory they need to know.
At times I feel as if I am in ancient Pompeii pointing to Mount Vesuvius making note of the tremors and the potential for something devastating to occur...all the meanwhile most people dismiss the warnings and go about their business...until they are found buried in molten lava in the fetal position hundreds of years later.
Exactly right Bill! Btw...Ive been meaning to talk to you about these TPS report cover sheets...got a minute? P.S.- watch out for the corn hole.
I personally have come to the conclusion that we have been living a "propaganda lifestyle" for quite some time. We have lived an artificial wealth lifestyle due to the outsourcing of manufacturing to countries with substandard wage practices. This has allowed the rich in our country to become richer while the majority have slowly become poorer.
The only true way to identify real wealth is in comparison to gold. Everything else is manipulated by cheap labor which produces artificial wealth.
1950 an average American worker could buy 180 ounces of gold a year with income.
2005 an average American worker could buy 60 ounces of gold a year.
Currently an average American worker can buy less than 30 ounces of gold.
Mind you in 2005 gold valuation was still following the steady path it has for the past 70 years.
Hell financeguru I said this when Clinton was in office doing NAFTA ang GATT, everyone spouting 'its free trade, blah blah good for the economy'....I wondered just HOW an economy can grow, nevermind not totaly implode, when you ship all your jobs and factories overseas and we take the role of '75% Borrow to Consume' economic model? I was called insane routinely...I 'just didnt get it'...well now everyone will get it right up the corn hole!
Propaganda?
You betcha!!
http://finance.yahoo.com/news/In-Study-2-Economists-Say-nytimes-998704442.html?x=0&sec=topStories&pos=8&asset=&ccode=
Notice the first post in rabid defense of the POTUS. What a world...
Some numbnut on fox business was reporting a housing shortage by 2011.
I use to think that CNBS was the worst at disinformation but lately Bloomberg is just reporting total BS. I am assuming it is the parent child relationship philosophy and they are afraid the children can't handle the truth....no journalism anymore just cheap entertainment. I am off to the local titty bar.
It's not just NBC... it's all of the media outlets. Check out the headlines for yesterday's housing numbers. Everything from "New home sales SURGE in June" to "New home sales rebound 24%"
http://prof77.wordpress.com/2010/07/28/housing-sales-and-media-propaganda/
It's disgusting
A perfect corollary to the war in Afghanistan. The leaks didn't provide any new information, (hear the President saying, nothing to see here folks, let's move on) but the propaganda machine was destroyed. Now suddenly using the same set of facts, the outlook is much different. Of course it is the media's role to provide the cover, and by throwing conflicting bits of information we are all like the blind men touching a part of the elephant. Americans have been trained, (indoctrinated) to accept only the facts, and the facts are always self correcting. Look at the news for any stock which just reported earnings, and likely you'll see two headlines, one says they missed, the other said they showed a profit, which is it? Wall Street loves to confuse you with the facts.
Not only is the business media nothing but propaganda, so are the numbers themselves.
that makes everything twice-cooked before it's served to the public. I still laugh when I visit my buddies in the trading room (prop), and they have CNBC on in the background. LMAO!
I try to tell 'em.
My buddy who has had problems with the bottle and is now living on the 'wrong side of the tracks' in a halfway house witnessed a gang murder on Friday. In the morning a cop asked him if he heard any 'rounds' last night. He said, 'yes I heard some rounds last night.'
The cop proceeded to tell him that six additional murders occurred as a result of the one my friend saw, overnight.
The cop then went on to tell him that the police knew who committed the murders and that there was no chance in hell of any of this being reported by the media.
My next thought after hearing this was if its so easy for the local cops to keep this story quiet who knows what is being kept under wraps on the national scale?
DISCLOSURE: LONG SPX.
YEAR END TARGET DOW 36,000.
BRING IT DOOMSDAYERS/GOLD FOOLS/CHUMPS!
You will all be selling your gold in an alley to some greasy pig for $850/OZ. LOL!!!
Works for me.....bought mine @ $300.00 :-P
3 words:
Get out now
http://www.escapeartist.com/
I'll call your bet on Escape Artist, and I'll raise you with Sovereign Man.
http://www.sovereignman.com/
Thunder Dome - Police have been hiding the "real" crime from you and I for years. If you knew the real murder rate in this country you would not leave your house.
In the late 80's I was in college in Miami, my neighbor (just moved down from NY) was murdered at 1 am on a Monday morning. (jealous husband whacked him for sleeping with the guys wife). By 7:00 am all evidence of the crime scene was cleaned-up but for a piece of tell, tell yellow crime scene tape. Murder never made the TV news or newspaper locally. Miami-Dade homicide detective told me, "public does not want to know the truth"! Sort of like our economic numbers today.
The truth is ultimately reserved for those who know how to manipulate it and who to trust and distrust with it.Until the truth is ultimately known we get propaganda.Investigative journalism is now in very short supply,most reporters get the job through having been to the right college,gaining the right certificates,etc, why would they cut short their careers by telling the truth assuming they would understand the issues and ask the right questions.The markets are all going up because most people sum up that they are rigged and also because the establishment can,t and won,t own up to the fact that they have failed to police the markets which has resulted in a broken system.Knowledge is power,so is truth that is why we are not allowed to have it.