ECRI Plunges At 9.8% Rate, Double Dip Recession Virtually Assured

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Fri, 07/16/2010 - 10:50 | 473360 Arseclown
Arseclown's picture

Dear Congress/stimulus:  Thanks for nothing.

Fri, 07/16/2010 - 10:54 | 473378 TheGoodDoctor
TheGoodDoctor's picture

They can't hear you. They are working on QE2. /sarcasm off

Sat, 07/17/2010 - 01:51 | 475078 AR15AU
AR15AU's picture

Why would you need a sarcasm tag for that statement???  O_o

Fri, 07/16/2010 - 11:08 | 473426 Eternal Student
Eternal Student's picture

Hey, c'mon. You DID get something. You, me and everyone else. We're getting stuck with the bill.

Fri, 07/16/2010 - 11:42 | 473502 sbenard
sbenard's picture

You are sooo ungrateful (tongue-in-cheek). $2.5 trillion in debt is not NOTHING! Don't you feel rich? Pete Stark says that the deeper the debt, the richer we are!

Fri, 07/16/2010 - 11:50 | 473529 bonddude
bonddude's picture

Message to Congress and Prez.

I'm not into anal...


especially as a "bottom" !!

Fri, 07/16/2010 - 11:54 | 473533 Instant Karma
Instant Karma's picture

It's time to get serious about printing money.

1. For those of us few who pay taxes: slash them. Federal income taxes, followed by Social Security taxes, are by far and away my largest yearly expenses.

2. For most people who don't pay taxes: send 'em $1000 check.


Fri, 07/16/2010 - 12:07 | 473572 RobD
RobD's picture

Heh, a dem president and congress cut taxes? In your dreams. Has not happened since Kennedy. Jugears will never sign the bill so there would have to be an override and that is not happening until after November if then. Stick a fork in us we are done.

Fri, 07/16/2010 - 16:24 | 474369 RobD
RobD's picture

Umm, looking at the votes for that tax bill it looks like the house and the senate were in the hands of the repubs at the time and old slik did the right thing. Do you honistly think Nancy and Harry would pass any real tax cuts like those proposed above.

Fri, 07/16/2010 - 16:54 | 474442 tj3
tj3's picture

Ya, I'm so sorry. Whenever, I see the Obama manics I tend to focus on the hatred of the Presidency. You are absolutely right...the Republican Congress...and of course let us ignore all the Democrats that voted for the bill, because, you know, it's all about the Republicans. Democrats never, ever, ever cut taxes.


It's a shame you never paid a 75% tax rate you rich hoo hoo 35%...cry me a fuckin river.

Fri, 07/16/2010 - 17:55 | 474556 tj3
tj3's picture

Again and again I apologize to myself for being sucked down instead of up.


Look, all I'm sayin' is that politicians are either bought by the Corp/Bank/Media complex or their not. Most are, so this Repug/Dims thing (and tea party too for matter(eff the racists))is a false flag and I refuse to play.



Sat, 07/17/2010 - 01:55 | 475080 AR15AU
AR15AU's picture

Granted, most politicians are idiots.  But at least the (R) platform says that they are supposed to shrink government, not grow it.  Yeah, when the (R)s stray from their own platform, they are betraying their voters.  But the (D)s platform is all about growing government, so, they are just as bad as the spineless (R)s.  When (R)s stick to their platform like Peter Schiff or Ron Paul, they are damn good.  Just like when (D)s reject their platform, its a good sign.

Fri, 07/16/2010 - 10:51 | 473363 papaswamp
papaswamp's picture

Just an RCH above the magic ramp job for the ECRI?

Fri, 07/16/2010 - 11:00 | 473408 PlausibleDenial
PlausibleDenial's picture

RCH,  beautiful, I use that all the time, but have to have several explantions for those many that ask "Uh, what's that mean?"  Carry on papa...

Fri, 07/16/2010 - 10:51 | 473364 Tense INDIAN
Tense INDIAN's picture


Fri, 07/16/2010 - 13:06 | 473757 midtowng
midtowng's picture

WTF are they going to do? We've already shot our wad on fiscal stimulus. They can't go back to that well. That only leaves monetary stimulus...or severe deflation.

Fri, 07/16/2010 - 20:55 | 474747 StychoKiller
StychoKiller's picture

Yeah, and Obamatron "Promised" no more bank bailouts -- until there is.

Fri, 07/16/2010 - 10:52 | 473369 ZeroPower
ZeroPower's picture

There's a 3 month lag to the indicator.

Great, lets keep the SPX up in 1100 range till October and let the fun of Oct 2008 start all over again!

Fri, 07/16/2010 - 11:01 | 473411 Tense INDIAN
Tense INDIAN's picture

October???....what the Fuck ...u dissapoint me.....cant we have the fun right now...i mean the markets are falling ...and i got my sweet Shorts in Place...

Fri, 07/16/2010 - 11:16 | 473447 geminiRX
geminiRX's picture

Watch em do a ramp job this afternoon and the dow closes the day at +1 point in the green on no volume. This is predictable isn't it?

Fri, 07/16/2010 - 11:28 | 473471 Tense INDIAN
Tense INDIAN's picture

if that happens again today...that will really Piss me OFF......

Fri, 07/16/2010 - 11:39 | 473495 geminiRX
geminiRX's picture

From yesterday's Charles Nenner post:

"As to trading, he believes that as long as the S&P does not close below 1,085, the market will continue bouncing, and if 1,085 is taken out - it should be all over." 


If true, they won't let this happen...

Fri, 07/16/2010 - 11:53 | 473534 bonddude
bonddude's picture

Nenner is good.

Fri, 07/16/2010 - 11:48 | 473519 spekulatn
spekulatn's picture

Tense INDIAN becomes Pissed Off INDIAN.

I like it.

Fri, 07/16/2010 - 11:29 | 473473 Ms. Erable
Ms. Erable's picture

We need a new index, the RTI (Ramp Time Indicator), so we can bid the time the ramp-job starts each day. 3:30:04? 3:47:18? Bids may be placed from NYC, Jersey City, Vegas, Laughlin, and any Native American reservation casino.

Fri, 07/16/2010 - 12:07 | 473578 Chumly
Chumly's picture

You're on to something...this Ponzi Scheme could use another derivative to screw the retailers, you know, a binary hit or miss-type option; Email your idea to the PPT - they need a good scam to scalp another few billion out of willing suckers, considering they WILL be the market maker it will be a win-win for the casino.  They could use another few billion for their fractional reserve scam to ramp up another few hundred trillion in dervatives.

Fri, 07/16/2010 - 10:52 | 473370 King_of_simpletons
King_of_simpletons's picture

Wait till the taxes skyrocket in 2011. Must be fun fun fun.....

Fri, 07/16/2010 - 10:52 | 473371 Ragnarok
Ragnarok's picture

Send in the clowns....

Fri, 07/16/2010 - 11:03 | 473414 Village Idiot
Village Idiot's picture

"Send in the clowns"....

What channel are you on? That's the only show playing over here!

Fri, 07/16/2010 - 10:53 | 473372 virgilcaine
virgilcaine's picture

& Lachsmtan says...'hold on a minute, its only one measure'.  Appears he only likes it heading UP.  You created the monster must live with it..

Fri, 07/16/2010 - 10:53 | 473373 NOTW777
NOTW777's picture

recovery summer

Fri, 07/16/2010 - 10:54 | 473375 VK
VK's picture

They'll revise this down next week as well!

Fri, 07/16/2010 - 10:54 | 473376 slaiman7
slaiman7's picture

Any news about BDI today?

Fri, 07/16/2010 - 10:58 | 473394 4shzl
4shzl's picture

Up 20.  Booyah.

Fri, 07/16/2010 - 11:06 | 473420 papaswamp
papaswamp's picture



Fri, 07/16/2010 - 11:00 | 473405 Herne the Hunter
Herne the Hunter's picture

Apparently, +20 (~+1.1%) at 1720. Bulk, bitches!

Fri, 07/16/2010 - 10:54 | 473379 PicassoInActions
PicassoInActions's picture

CNBC headings

Fri, 07/16/2010 - 11:04 | 473416 King_of_simpletons
King_of_simpletons's picture

CNBC should stop cheerleading earnings season. It is a given that earnings suck but they all beat expectations/estimates because the market is in cruise control and the only entity driving it is the Fed in cahoots with the too big to fail banks.

Fri, 07/16/2010 - 11:15 | 473445 Spaceman Spiff
Spaceman Spiff's picture

"they all beat expectations/estimates because the market is in cruise control"

Well, that and these companies revise expectations down low enough to beat them.

Fri, 07/16/2010 - 11:38 | 473493 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

I am sure expectations were calculated with pixie dust, leprechauns and farting unicorns included as variables.

Fri, 07/16/2010 - 15:54 | 474312 tj3
tj3's picture

Unicorns farts are one of the most efficient sources of clean energy. The first political party to recognizes this will profit.

Fri, 07/16/2010 - 12:12 | 473594 currency confla...
currency conflagration's picture


" Funny, how were the expectations calculated. "


HFT computer systems running on Iphones of course!

Fri, 07/16/2010 - 10:55 | 473380 Muir
Muir's picture

As someone else said this morning: "Houston we have a problem."

Fri, 07/16/2010 - 11:00 | 473401 Caviar Emptor
Caviar Emptor's picture

My thoughts, exactly

Fri, 07/16/2010 - 10:55 | 473381 Tense INDIAN
Tense INDIAN's picture

i dont know about you but i have never seen this data being mentioned in bloomberg....

Fri, 07/16/2010 - 10:55 | 473382 Charley
Charley's picture

Now the fun begins...

Fri, 07/16/2010 - 10:56 | 473385 falcomadol
falcomadol's picture

Keep your job, and your personal earnings level, and this can improve your situation, as long as you don't own a house...


It's not much of a silver lining, and there are a lot of ifs there.

Fri, 07/16/2010 - 11:12 | 473436 Village Idiot
Village Idiot's picture

"Keep your job, and your personal earnings level"


I have mentioned something along these linesth before - the game for me at this point is to keep from getting kicked down a financial notch. So far so good.  Almost two years of playing "wack-a-mole." I hate this game.

Fri, 07/16/2010 - 11:26 | 473463 snowball777
snowball777's picture

Damn straight...houses for car prices, cars for moped prices, and more zombies than you can shake a stick at (no, really, keep shaking that stick).

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