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looks good for 20 ES overnight pts....
Gas price drop??? Not sure about you, but I'm paying $4.81/gal here in Ontario. $4.81, incase anyone thought that was a typo.
Filled up @ 3.43 in Columbus Oh yesterday.
oh shit people have more purchasing power....DEFLATION NOOOOO...quick pump some more money in the system
Market doesn't care. Dow futures still up 46. And we'll probably have another month of all the regional manufacturing indicies posting negative numbers, and yet somehow the ISM will be positive.
I'm guessing SnP near 1100 would be low enough for more money printing....oops, i mean the creation of more reserves for the banks.
When? Well when I see that drop actually take place, I'll eat my straw hat.
Looks like tar paper shanty time folks, while banks have so much extra billions in cash theyre having trouble finding places to store it. I guess they can use repo'd McMansions.
this is bullish for stocks.
financial market daddy says to Qe2-money-kid: you stay here with your parents and play with stocks and derivatives! You not go outside to real economy!
I'm beginning to wonder if Transitory is even a word.
It was, but isn't anymore.
It describes the opposite of "normalcy."
I do not think that word means what you think it means.
I do not think that word means what you think it means.
Economy continues to deteriorate and banks squeeze their reserves to prop up their results and manage to "beat" the groupthinking bus' expectations. And this is, of course, great news for the paper economy ie equities. Oh dear, this will end up in tears. Again.
"We would venture to guess that in addition to S&P < 1,000, core CPI coming in negative is the other QE3 gating factor."
Negative CPI: cannot check it off yet.
S&P < 1,000: cannot check it off yet.
It is going to take a while till the pigmen get their next swill fill, especially if they are blowing out earnings on accounting tricks.
Thats what Im talkin about Slaughterer, stocks jonesing bad for more free bags of rock from Bernank, whining about 'its getting real tough out here' but no one dares to let stocks drop even .05% as the crooks cook books and everything is better than expected.
So wheres any trouble, anywhere?
New T-Shirt slogan for SD-1 and slaughterer:
"The continual pricing in of QE3 will make sure there will never be QE3."
Markets have been pricing in QE3 for about 4 months now, while apparently theres sheer terror in ever letting indexes drop even 1%, I dont think they can pull it off. 'Continual daily pricing in of QE3 will make sure theres never a QE3'. Im just trying to figure out how many times QE3 has already been priced in since March.
It makes you wonder why the need for so much money printing at the hint of recession. What is so wrong with allowing a natural economic event to play itself out rather than make things worse through rampant money creation and rampant deficit spending. Maybe the hundreds of trillion in derivatives held around the globe forced their hands...
They cant break ranks, anyone showing weakness will probably be the sacrifical lamb.
Since there is no downside to BS accounting, why not?
Goldman as "sacrificial lamb"? Why not? Then they they can take the Squid private.
I am not sure why, but my insticts tell me this is bullish ...
I am sure my eyes tell me this bullshit stinks.
<<< This is not good for July NFP numbers after the already atrocious June employment data. >>>
That's okay. The good ole Birth/Death Model will make up for it... and Wall Street will still get its QE3... and record bonuses... as the middle class dissolves into vapor...
Right, everything always comes in better than expected, while everyone whines we better get a giant QE bag of crack rocks for the market right now! I think their problem is they cant pull off a 'fear and panic' plunge, and then recover it with more blatant funny money which no one is believing in anymore.
It's obvious the Fed doesn't know what else to do besides inject money into TBTF banks and hope the stock market goes up without dragging food and energy prices higher etc. The only thing worse than a great fool is an arrogant elitist great fool (imo).
The Great Chairsatan = arrogant elitist great fool (imo)
the goldilocks economy...ever so just right numbers for the controlled demolition coming to a country near you.
Thats it, I think theyre just buying days at a time now until the date the rug is pulled out, while everything is panic manipulated to Goldilocks 'just good enough', and calming the sheeple with this now 4 month old promise of 'dont worry, we got QE3 comin'....Im just not buyin into the crap this is insanity.
OT: As Tyler has earlier written abt Spanish hidden debt issues, I just spotted an update on the situation in Castilla La Mancha. To put it simply: UGLY!
July 15 (Bloomberg) -- Spain’s Castilla-La Mancha first-half budget deficit was close to 6 percent of its gross domesticproduct, Expansion reported, citing unidentified people in theregional government. The deficit amounts to almost 2 billion euros ($2.8billion), Expansion said. The Spanish government set a maximumdeficit target of 1.3 percent GDP for the country’s regions forthis year, Expansion said. Castilla-La Mancha also has about 1.7 billion euros ofpending bills, compared with the 700 million euros that weredisclosed by the previous regional administration, Expansionsaid.
Heres my bet. They will raise the limit.& There will be a downgrade.
Good bet. Then the USA can pay even more interest on even more debt. An even more downward downward spiral. Downward spiral squared.
The Great Depression was ultimately "transitory".
Except for the loss of the gold standard. That stuck.
True. It led to an era of inflationary prosperity. Now we are in a "Secret Depression". Gov't and media deny, deny and cover up the true condition of the economy. Corporations are screaming that it is regulations and DC politics preventing them from hiring. The aren't hiring because the end demand isn't there with the average person making less money (whether in real terms or adjusted for commodity inflation). Business wants less regs for one reason - it is the only way to improve profit margins at this point. And they still won't hire if they get what they want.
I'm afraid that several tens of millions are onto them for some reason. Do the regulations make the insiders sell too?
In truth, we never got out of the great depression either. The removal of backed money, and the start of the federal reserve started the bubble then that we're still on today.
While sitting here I see my neighbor drive by with all his mowing equipment. Works for the gov't, calls in sick at least 1-2x every couple weeks, gets paid to not be at work and then gets paid to mow grass. Bullshit. My wife wanted to go back to school and got laid off, went to the wia (workforce investment office) to get a school voucher but they've been out of funding for months. Since they have no funding, they have nothing to do except play on the internet all day plus they have no idea if/when they'll get more funding. I know someone that gets paid around 80k to work in a gov't office that isn't open for business yet and has been there almost a year. Absolutely nothing to do all day. Money is no object for the gov't. But when it comes time to pay the piper we're going to get slaughtered.
And nothing was more refreshing than going to the local courthouse to dispute a $650.00 luxury tax bill(due yearly) on a damn fishing boat. I was taken from the downstairs collection of 20 tax specialists to the upstairs where I seen another couple dozen or so paperpushers. This group of assholes pisses me off the most, they refuse to join the depression and if you don't keep the money coming they'll just sell your ass on the courthouse steps. I can't wait for these fucking dummies to take the hit.
I'll take a wild guess, and narrow down your home state to one of these seven:
Ohio, Illinois, California, New Jersey, Maryland, Massachusetts, New York
So at the top of the story it says "flagged as junk".....
Whats going on.?
I never junked the article,and I see no one else has.
Whats up ?
It is so easy to do creative-CPI-accounting......
Irrelevant non-essential goods prices
Anything that is rising too quickly (blame it on the season)
Negatve adjustment from falling real estate
Whatever number you want to throw out there (make sure it is a neglible amount that won't be disputed)
Thats NOT me double posting,,,
Is thast my friendly CIA again...???
and how long will NatGas stay this low? the TIPS auction has been well attended, one yesterday, guessing 4 points premium to par, 1% on the 10yr, real negative return.
"Reports to the Department of Commerce indicate that business is in a satisfactory condition, Secretary Lamont said today." News Item
January 13, 1930
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