Guest Post: Does Anyone Seriously Believe The Global Recovery Is Still Intact?

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Mon, 03/14/2011 - 11:22 | 1050224 doomandbloom
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Is it possible that a large proportion of the job losses is due to technology and not lack of growth. Then this was meant to happen.

The way forward could be for everyone to work 3/4 days a week( instead of 5/6). That way people who lost their jobs will get back to work.

The question is whether we are ready to take a pay cut. Other factors being personal greed and debt.

Mon, 03/14/2011 - 11:24 | 1050234 Dr. Porkchop
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It's very interesting what Kellog did with the six hour workday. I think we have other problems though.

Mon, 03/14/2011 - 11:31 | 1050272 GubbermintWorker
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I'd gladly only work 3/4 days a week....uh, wait, nevermind...I already work less than that.

Mon, 03/14/2011 - 11:36 | 1050289 jus_lite_reading
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HOLY CRAP! BREAKING NEWS!!! Rods in all three reactors are now melting!!!



Mon, 03/14/2011 - 11:40 | 1050309 alien-IQ
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Mon, 03/14/2011 - 11:48 | 1050363 Sudden Debt
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Mon, 03/14/2011 - 11:55 | 1050409 Sudden Debt
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THAT'S IT!!!!!!!!!


I didn't mind the mercury but radiotion to...


Mon, 03/14/2011 - 21:54 | 1053170 jeff montanye
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i don't know why i haven't seen it called such yet but how much bigger and blacker a swan do you need than the one that swam ashore from the northwest pacific last week?

Mon, 03/14/2011 - 11:39 | 1050315 Absinthe Minded
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i have taken a pay cut. I have lost all the overtime I used to get. My paycheck is back to what I was making five years ago. Guess what, I'm thankful I've still got a job. But it pisses me off that my company, like the big banks, make all us peons bite the bullet while they buy new Iphones for all the management dicks, have catered lunches every Friday, and pretty much spend like drunken sailors. Companies are more productive than ever but they don't want to share it with the blue collar workers.I'm not pro-union but dammit I'm fed up with this bullshit.

Mon, 03/14/2011 - 13:35 | 1050939 bbaez
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It is like all of the Corporate Welfare we are not addressing in [ "SPENDING CUTS" ]






Mon, 03/14/2011 - 12:33 | 1050620 JR
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I don’t think this is the question.  For me, the question is whether we are prepared to allow these international corporations without borders to continue eroding American worker opportunities with their greed over patriotism.

A few years back, MIT counseled students not to pursue engineering careers because of the university “masters” already knew the path U.S.-based corporations would take.

These attitudes remind one of the great humanitarian view of CNN's Larry Kudlow"s comment on the Japanese disaster over the weekend: "The human toll here appears to be much worse than the economic toll, and we can be grateful for that."

Mon, 03/14/2011 - 13:21 | 1050869 PeterSchump
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Did that dickhead really say that?

Mon, 03/14/2011 - 13:31 | 1050922 Ted Celeste
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For me, the question is whether we are prepared to allow these international corporations without borders to continue eroding American worker opportunities with their greed over patriotism.

Exactly.  This is one of the most important questions facing us all today yet we aren't anywhere close as a society to engaging with it.

Maybe we will one day, however.  In the interim, it is advisable to bone up on your survivalist skills.  And try to enjoy the ride as best we can - life is beautiful despite all the pain and craziness going on in the macro-world.

Mon, 03/14/2011 - 14:29 | 1051253 johnnynaps
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Your wording is wrong. The way forward is that the cost of living for the average American is equivalent to 3 days work instead of 6. With our technology and resources, why not? Oh, guys like Mozilla, Soros and Paulson need 10 boats each!

I do believe that this is the answer though. We can't increase efficiency, resources and our population on this finite planet. It is simple mathematics. Everyone is going to have to learn to share a little.

Mon, 03/14/2011 - 11:26 | 1050227 Arch Duke Ferdinand
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Oil revenues/prices gonna keep dropping big time due to Japan's decimated manufacturing economy, so...

War Is Definately Coming to Middle East....Shiites vs Sunni's..Iran vs Saudi Arabia

They both need oil revenue $$$....

Mon, 03/14/2011 - 11:28 | 1050249 AbandonShip
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Posted in 2 threads now, eh?  Won't happen. They both have plenty of money/oil already.  And Sunnis don't hate Shiites as much as you think. In fact, many get along just fine.

Mon, 03/14/2011 - 11:38 | 1050308 4shzl
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You're kidding, right?

Mon, 03/14/2011 - 11:45 | 1050356 Arch Duke Ferdinand
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""And Sunnis don't hate Shiites as much as you think. In fact, many get along just fine.""

7 year Iran/Iraq war comes to mind.

...Factoid, Oil revenue/prices gonna drop 30% because Japan's economy is stopped dead in its tracks.

...Factoid, three Japanese nuclear reactors are leaking.

Saudi / Iran war is a given.

Course the reason for war will be blamed on Israel.

Mon, 03/14/2011 - 15:01 | 1051416 No Bid
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Factiod... Without nuclear power they will have to use a lot more of the old fashioned stuff to get by.

Mon, 03/14/2011 - 11:38 | 1050301 4shzl
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Gimme a break -- Bahrain = 40K bpd = who cares?   Certainly not Iran, they'll be lucky to keep their own troublemakers under control.

Mon, 03/14/2011 - 11:24 | 1050230 clones2
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So - you're saying I shouldn't sell my April VIX Calls today??? ;-)

Mon, 03/14/2011 - 11:24 | 1050235 NOTW777
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theres a long list of believers - 1. MSM, 2. cnbc/liesman, 3. obama supporters, etc

Mon, 03/14/2011 - 11:33 | 1050279 Alex Kintner
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I used to hang out at the Daily Kos site when everyone was bashing Bush (and deservedly so). But now. after Obama and the Dems have proved they are as bad as the Repubs, the denial is palpable. All the Obamabots are still singing "Kum bama ya".

Mon, 03/14/2011 - 11:37 | 1050295 IrishSamurai
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Yep.  The "your" guy sucks ... but "my" guy is awesome sauce syndrome.

Afflicts boths sides of idiot sheeple.

Mon, 03/14/2011 - 11:48 | 1050367 Alex Kintner
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+1. As the Lemmings jump off the cliff, they yell "Look, I'm flying!" :-)

Mon, 03/14/2011 - 22:03 | 1053210 jeff montanye
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never did kos much but that is the tell.  anyone who hated bush's policies re: the military, civil liberties, financial bailout, transparency, whistle blower treatment (you get the drift) but makes excuses for (or, my goodness, likes) obama's policies in these areas, has no credibility.  i am thankful that their numbers seem to be shrinking slowly.

Mon, 03/14/2011 - 11:26 | 1050239 IrishSamurai
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"Way to harsh my mellow, Mr. Educated Dude." - Ted  (or the typical American sheeple these days)

Mon, 03/14/2011 - 11:25 | 1050240 vote_libertaria...
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"Still intact"....why the nice men with white teeth on TV keep telling me to buy buy buy.


Surely they wouldn't lie to us.

Mon, 03/14/2011 - 11:26 | 1050242 hugovanderbubble
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Just buy the DIP¡:)

Mon, 03/14/2011 - 11:25 | 1050243 johnQpublic
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never believed the recovery nonsense in the first place

even before i was reading ZH

no stretch of the imagination required here

Mon, 03/14/2011 - 11:38 | 1050306 MachoMan
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Exactly...  if everything was predicated upon the largest credit bubble in history and, post burst, demand for credit is declining...  then how can there even be a nominal recovery, let alone a real one?  And, further, in order to have a real recovery, there would need to be viable capital expenditures...  such as infrastructure development...  How many decades would we need to account for??? 

All I see are cost cutting measures to try and squeeze out that last bit of margin or direct handouts that go nowhere but hookers and blow. 

Mon, 03/14/2011 - 13:33 | 1050936 Kobe Beef
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Is there an ETF for hookers and blow? I'd like to invest in a growth sector.


Mon, 03/14/2011 - 15:18 | 1051498 MachoMan
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A few:









Mon, 03/14/2011 - 11:25 | 1050245 Quintus
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Does anyone seriously think there was a global recovery except in the minds of the Fed and their shills?

Successfully keeping a braindead patient on life support for a couple of years does not constitute a 'Recovery' to my mind.

Mon, 03/14/2011 - 11:35 | 1050284 Rogerwilco
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So true. In the prior decades Americans spent, on average, about $1.08 for every dollar they earned, all financed by credit card borrowing and home-equity extractions. When that magic source of "income" dried up, the government stepped in to provide a 10% boost to GDP, and allowed trillions in losses to remain hidden.

The goose is full cooked.

Mon, 03/14/2011 - 11:28 | 1050246 falak pema
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Benocide can print enough money to launch a zillion $ scheme to save : Japan, USA, Egypt, Tunisia, Libya, you name it. He is as proliferate as Gutenberg. Called "project marshmelon". A latter-day Marshall plan.

Mon, 03/14/2011 - 11:27 | 1050248 Silverhog
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I'm in the retail business. Business went off a cliff 2nd week in January. December was no great shakes.

Mon, 03/14/2011 - 13:04 | 1050795 Richard Head
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You should get some tips from Harry Wanker.  His retail business is off the hook, as far as we all know.

Mon, 03/14/2011 - 22:05 | 1053232 jeff montanye
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haven't seen him wankin' around lately, have you?

Mon, 03/14/2011 - 11:29 | 1050252 clones2
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This could be the first day today that all 3 major indices close below their 50 DMA...

Tough to find any near-term support below the current levels.  Could be an ugly week.

Mon, 03/14/2011 - 11:29 | 1050253 FunkyMonkeyBoy
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I believe!

I also believe that Barrack Obama was born in a U.S. state.

Mon, 03/14/2011 - 11:36 | 1050286 IrishSamurai
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"Everybody should believe in something -- I believe I'll have another drink." -- W. C. Fields

Mon, 03/14/2011 - 11:28 | 1050254 RobotTrader
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The economy is in shambles.

But that won't stop everyone from buying AAPL products, buying SBUX coffee, and renting movies from NFLX.

The "Resilient Consumer" absolutely refuses to cave in.

I keep eyeballing the XRT to look for a short opportunity, but people keep buying it and propping it up.

Mon, 03/14/2011 - 11:32 | 1050268 the not so migh...
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When you have radiation sickness low exertion activities like watching netflix and fingering your ipad might be the ticket.

Mon, 03/14/2011 - 11:45 | 1050346 sodbuster
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First iPad, now iPad2, I think that's why they named it an iPad- it's like feminine hygeine products, they want you to buy them on a regular basis.


Mon, 03/14/2011 - 11:57 | 1050424 velobabe
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funny how that worked out. i wasn't a heavy bleeder,  kept costs down.

seriously, we were propaganda ed into thinking we need all these cleaning products for our home, body and personal hygiene. not really, just a little soap. i wash my dedicates, panties bras, etc in the shower with me. cuts down on shampoo cost and water use. i only shower every fourth day. but i can recycle my hair shampooing onto my dedicates. it is so fun, after the initial showerboarding warm up.

Mon, 03/14/2011 - 12:08 | 1050477 DRT RD
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I need you to have a talk with the wife.

Mon, 03/14/2011 - 12:05 | 1050464 Sudden Debt
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Does the Iphone have a Geigher counter?



Mon, 03/14/2011 - 15:36 | 1051579 Coast Watcher
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Isn't there an app for that?

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