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Japanese Economy Collapses: Q1 GDP Drops At Double Consensus Rate, Epic Nominal Plunge Of -5.2%

Tyler Durden's picture




 

Confirming once again that Wall Street economist (and sell side in general) is the most useless profession in the world (though gladly accepting a 7 figures compensation), is the latest data out of Japan which is yet another stunner to most, as nobody, nobody, could have possible predicted that the Japanese economy would literally fall off a cliff in Q1, plunging at a 3.7% rate (down from -3% previously), which is double the consensus print of -1.9%. DOUBLE. And in nominal terms the collapse was simply epic: -5.2%! And yes, this is officially a recession. Of course, anyone reading Zero Hedge would have been perfectly aware of this outcome. 4 short days ago we said: "Increasingly we have come to believe that the real marginal economy over
the next several quarters will be neither that of the contracting US,
nor that of the rapidly tightening, yet still very much inflationary
China, but the (arguably) third largest one: that of Japan." Today our prediction is more than confirmed. And instead of hiding deep in the whatever holes these morlocks cralwed out of, Bloomberg for some inexplicable reason continues to look to their blatantly horrendous opinion. “The negative economic impact from the disaster will be on full display during the second quarter,” Hiroshi Watanabe, a senior economist at the Daiwa Institute of Research in Tokyo, said before the report. “This recession may be deep, but short.” Yeah, sure. Short. We'll just hold our breath. And for it to be short, it means that the BOJ will be forced to print a few hundred trillion in Yen asap (just as we predicted here and here) right? Which in turn means that the USDJPY will surge and shift the Japanese recession even faster over to the US. And yes it means that the turbo print button among the central banks will get the F5 treatment as the second round of currency devaluation completes a lap.

Some more much delayed reality:

Highlighting the disaster’s effect on companies, Toyota Motor Corp. said profits plunged while Nippon Steel Corp. reported its first net loss in six quarters, after the quake closed plants, cut supply chains and caused power shortage.

Factory output fell by a record and retail sales and exports declined in March because of power shortages spurred by a nuclear accident in Fukushima, northeast of Tokyo, and damage to transportation facilities after the temblor.

“It’s hard to think that companies will become aggressive about increasing business spending when uncertainties remain strong,” said Junko Nishioka, chief economist at RBS Securities Japan Ltd. in Tokyo. “Capital spending will likely be in a declining trend as corporate profits may do worse than expected.”

Capital investment dropped 0.9 percent in the first quarter, the first decline in six quarters, today’s data showed.

Consumer spending fell 0.6 percent in the January-March period from the previous three months, today’s report showed.

But since the conspiracy of optimism needs its daily fix, there is of course a hopey-changey silver lining:

We look for a classic V-shaped recovery in the July-to- September period and after,” said Kyohei Morita, chief economist at Barclays Capital in Tokyo. “A self-sustaining recovery in production, an increase in government consumption and reconstruction demand centered around public works will likely support the economy.”

Frontal lobe bleeding may now commence.

 

 

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Wed, 05/18/2011 - 21:16 | 1289793 CPL
CPL's picture

There she is.  The most glorious of the black swans, followed by the four horsemen right behind it.

Wed, 05/18/2011 - 21:17 | 1289812 anynonmous
anynonmous's picture

which is why the nikk is +

Thu, 05/19/2011 - 01:59 | 1290459 Ahmeexnal
Ahmeexnal's picture

Japan, the new Thailand.

Wed, 05/18/2011 - 21:27 | 1289841 Long-John-Silver
Long-John-Silver's picture

Is this the same Black Swan that DSK raped?

Wed, 05/18/2011 - 21:27 | 1289858 Caviar Emptor
Caviar Emptor's picture

In Japan they call it The DSK double dip. 

Wed, 05/18/2011 - 21:28 | 1289860 Caviar Emptor
Caviar Emptor's picture

Dupe

Wed, 05/18/2011 - 22:26 | 1290064 Problem Is
Problem Is's picture

"followed by the four horsemen right behind it."

  1. The Bernank...
  2. Wanker Timmay Jeethner...
  3. Boner Strauss-Kahn...
  4. Obama Bin Lyin'...

Those are four dumb fuckers who could trigger an apocalypse...

Wed, 05/18/2011 - 22:49 | 1290139 MsCreant
MsCreant's picture

Bone-her Strauss-Kahn

Fixed that one for you.

Thu, 05/19/2011 - 02:37 | 1290487 Michael
Michael's picture

The Schadenfreude derived from this nice get of an elitist scumbag has never been more pleasurable for me.

Schadenfreude, German word, is pleasure derived from the misfortunes of others.

When I think about how a lowly HIV Goy put an elitist Jew god in prison, well, makes me cum in my jeans.

Thu, 05/19/2011 - 03:08 | 1290519 Michael
Michael's picture

That is the most perfect video example of what Schadenfreude looks like I have ever seen in my entire life.

Thank You.

Thu, 05/19/2011 - 03:23 | 1290527 Herman Strandsc...
Herman Strandschnecke's picture

 But the joy is that you probably watched that clip for half an hour :)

Thu, 05/19/2011 - 04:25 | 1290545 Michael
Michael's picture

It was only 20 minutes of viewing pleasure for me while doing my fantasy dance. I'll catch up tomorrow on it some more. :)

Let me just add; it was a black female African immigrant who did that elitist aristocrat scumbag in for his own indiscretion. Trolololololol. :)

Thu, 05/19/2011 - 07:58 | 1290732 Hephasteus
Hephasteus's picture

The elite have become so intensely scummy that no amount of misfortune could produce pleasure in anyone. They have gone way past the point of tit for tat redemption. That's what happens when you double down on the I'm not fired you're fired. I'm not dead your dead once often.

Thu, 05/19/2011 - 03:27 | 1290528 Spirit Of Truth
Spirit Of Truth's picture

True art!

Someone should redo that video with a head shot of Bernanke superimposed over the singer's head and then have gobs of $$$ being thrown around the room as he walks about.

Thu, 05/19/2011 - 06:58 | 1290652 pan-the-ist
pan-the-ist's picture

That would ruin it.  How can you not smile and be happy while you watch trolololol?  Though indeed the Bernanke probably sings that as he dishes out the cash.

Wed, 05/18/2011 - 22:57 | 1290153 Jendrzejczyk
Jendrzejczyk's picture

...have triggered the apocalypse...

Wed, 05/18/2011 - 23:02 | 1290155 Jendrzejczyk
Jendrzejczyk's picture

Msc.,

Hoping things are improving for you.

(Double post save.)

 

Wed, 05/18/2011 - 23:47 | 1290293 DoChenRollingBearing
DoChenRollingBearing's picture

JIT issues from Japan have just affected a small bearing importer in Peru.  We thought we would get a vital piece, but no.

See comment #1290247 below thread.  Not good for us.

The Bearing thinks that JIT issues have merely JUST BEGUN.

...

JIT issues out of Japan could be a really bad surprise that few are contemplating...

And, yes, my heart also hurts that the people of a great nation were LIED TO and screwed by their .gov and TEPCO.

Wed, 05/18/2011 - 23:13 | 1290191 Teamtc321
Teamtc321's picture

Geithner: Another Meltdown is 'Certain' — Raising Taxes on the Wealthy Will Come

And he blamed a combination of timid politicians and credit card-debt-ridden Americans, rather than Wall Street and the big banks, for the financial woes that have beset the country over the past three years.

http://www.newsmax.com/InsideCover/TimothyGeithner-DebtCrisis-TARP-TooBigtoFail/2011/05/18/id/396840

Thu, 05/19/2011 - 00:11 | 1290332 Widowmaker
Widowmaker's picture

Q: Whats the difference between Tim Geithner and a bucket of shit?

A: The bucket. 

Thu, 05/19/2011 - 03:55 | 1290541 fajensen
fajensen's picture

... And Geitner holds more shit than the bucket!

Wed, 05/18/2011 - 23:36 | 1290250 three chord sloth
three chord sloth's picture

Hey... that's a good idea. Let's lend them to Japan! A trans-pacific gesture of friendship.

No, really Japan... we wouldn't mind letting you keep those guys for a while. We can suffer through without them for a year or two... or three. They'll get you humming along in no time!

Seriously, Japan... you can have them. It's the least we can do.

How about if we say "pretty please"...?

Thu, 05/19/2011 - 08:35 | 1290809 jus_lite_reading
jus_lite_reading's picture

That was funny. Now what bastards junked you for that? The Problem Is, me thinks we've got us some trolls about.

Thu, 05/19/2011 - 05:36 | 1290596 mophead
mophead's picture

We know what this means... RALLY!!!

Wed, 05/18/2011 - 21:17 | 1289796 lsbumblebee
lsbumblebee's picture

Yes but those numbers are better than expected.

Wed, 05/18/2011 - 22:13 | 1289995 Quixotic_Not
Quixotic_Not's picture

Wait for Bloomturd to print "unexpected" when they run their feel good spin on Japan's depression print!

Banana Ben is warming up the QE helo as we speak...

Wed, 05/18/2011 - 22:30 | 1290075 Problem Is
Problem Is's picture

The Bernank: "Quick Robin! To the Fed Copter!"

Timmay Jeethner: "Holy QE3 Fedman!"

Wed, 05/18/2011 - 21:18 | 1289798 Sisyphus
Sisyphus's picture

But let me guess, Nikkei is up, right?

Wed, 05/18/2011 - 23:42 | 1290276 Gordon Freeman
Gordon Freeman's picture

Of course!  This is all very, very bullish, doncha know?

Thu, 05/19/2011 - 03:59 | 1290546 EscapeKey
EscapeKey's picture

Predictably not covered by Marketwatch whatsoever.

And the Keynesian shills will now all state "all priced in", completely ignoring that they were all jumping with glee over the "expected strong growth" on the back of rebuilding, less than a week ago.

The report should be written by Fred Mishkin, and we'd be all complete.

/Sick & disgusted.

Wed, 05/18/2011 - 21:16 | 1289801 You Lie
You Lie's picture

No one could have predicted this?   What rock have you been hiding under?

Wed, 05/18/2011 - 21:35 | 1289888 Ray1968
Ray1968's picture

This might help you out:

http://tinyurl.com/c5wbfh

 

Wed, 05/18/2011 - 21:48 | 1289940 You Lie
You Lie's picture

Bazinga!   Leonard is supposed to inform me of these things.

Wed, 05/18/2011 - 22:31 | 1290079 Re-Discovery
Re-Discovery's picture

umm . . I believe TD was being sarcastic  . . uh . . .yeah

Wed, 05/18/2011 - 21:19 | 1289803 urbanelf
urbanelf's picture

Look for the classic mushroom shaped recovery.

Wed, 05/18/2011 - 22:29 | 1290069 Cursive
Cursive's picture

@urbanelf

Look for the classic mushroom shaped recovery.

Word.

Wed, 05/18/2011 - 21:19 | 1289806 GOSPLAN HERO
GOSPLAN HERO's picture

Total collapse!

Mega money printing now.

Wed, 05/18/2011 - 21:25 | 1289849 Fox Moulder
Fox Moulder's picture

QE3 bitchez

Wed, 05/18/2011 - 22:28 | 1290063 Quixotic_Not
Quixotic_Not's picture

Gonna need QE4 a month later with all the Treasuries the Japanese are going to be redeeming!

Lowry Lon!

Wed, 05/18/2011 - 21:26 | 1289851 Long-John-Silver
Long-John-Silver's picture

Lots of Jew confetti will be flying.

Thu, 05/19/2011 - 00:53 | 1290387 ElvisDog
ElvisDog's picture

And how exactly would money printing rebuild their electric grid?

Thu, 05/19/2011 - 04:38 | 1290574 Incubus
Incubus's picture

They don't need an electrical grid anymore.  They can just tap the radiant energy right out of their environment. 

 

Wed, 05/18/2011 - 21:17 | 1289807 sabra1
sabra1's picture

so, why are their stocks up? is there an ETF for radiation?

Wed, 05/18/2011 - 21:22 | 1289821 djsmps
djsmps's picture

Bank of Japan stimurus.

Wed, 05/18/2011 - 21:28 | 1289847 Caviar Emptor
Caviar Emptor's picture

The financial sector gets new cash while the economy is allowed to collapse, like in the US

Wed, 05/18/2011 - 21:28 | 1289848 Rynak
Rynak's picture

Thats not so different to radiation.

Wed, 05/18/2011 - 22:24 | 1290054 WonderDawg
WonderDawg's picture

Thanks, man. That was just the sort of understated zinger I needed for a good chuckle.

Wed, 05/18/2011 - 21:19 | 1289811 Rynak
Rynak's picture

but.....but..... they said...... how could a big earthquake, tsumami and nuclear disaster result in this? I don't understand anything anymore.

</sarcasm>

Wed, 05/18/2011 - 21:51 | 1289949 MilleniumJane
MilleniumJane's picture

ROFLMAO!

Wed, 05/18/2011 - 21:21 | 1289815 silver4me
silver4me's picture

Yep Japans market is up. Unbelievable. Everything is bullish. Its all priced in.

Wed, 05/18/2011 - 21:24 | 1289823 Rynak
Rynak's picture

You know another case when something like this happens?

Price fixing in planned yet failing economies :)

Wed, 05/18/2011 - 21:27 | 1289839 Caviar Emptor
Caviar Emptor's picture

That's because like in the US the government bails out the financial sector while Main Street burns then rots

Thu, 05/19/2011 - 01:14 | 1290410 myshadow
myshadow's picture

every one knew the tsunami fairy would eventually show up and pay for all the disposal, deconamation, property, farm land, sea food, and generate all the energy.

Wed, 05/18/2011 - 21:19 | 1289820 gall batter
gall batter's picture

the world is supposed to end next Saturday anyway.

Wed, 05/18/2011 - 21:31 | 1289861 Long-John-Silver
Long-John-Silver's picture

Is this is bullish for Silver?

Wed, 05/18/2011 - 21:36 | 1289884 tmosley
tmosley's picture

Everyone should buy at least one oz of silver to pay the boatman to cross the River Styx.

Oh wait, that's another mythos.

Wed, 05/18/2011 - 21:50 | 1289939 Long-John-Silver
Long-John-Silver's picture

I'm shocked you picked up on that. Anyone under about 50 yrs old or is very well read would never get it.

Wed, 05/18/2011 - 22:21 | 1290020 Oracle of Kypseli
Oracle of Kypseli's picture

Isn't a myth a female moth?

 

Thu, 05/19/2011 - 00:56 | 1290390 DeadFred
DeadFred's picture

An unmarried female moth, as opposed to a mythus.

Thu, 05/19/2011 - 03:08 | 1290514 OldPhart
OldPhart's picture

That's a hell of a lisp you've got there.

 

(who's the evil bastard that put an 's' in lisp?)

Wed, 05/18/2011 - 21:54 | 1289948 Tater Salad
Tater Salad's picture

Yeah, when you denominate your money in Yen. 

Wed, 05/18/2011 - 21:30 | 1289873 donis
donis's picture

next Saturday is only judgement day...  i only know cause i was gonna trow an end of the world party.  a judgement day party just sounds lame.  any way, i guess the end of the world is some time in October.

Wed, 05/18/2011 - 22:50 | 1290132 JohnG
JohnG's picture

I rescheduled my dinner party for Friday, just in case :)

Thu, 05/19/2011 - 03:10 | 1290517 OldPhart
OldPhart's picture

Sort of a last supper?

Wed, 05/18/2011 - 21:33 | 1289875 serotonindumptruck
serotonindumptruck's picture

I'm not quite sure why your comment made me think of Johnny Cash.

http://www.youtube.com/watch?v=ED5s1-Fe9FA

Wed, 05/18/2011 - 21:48 | 1289941 Korrath
Korrath's picture

Because Johnny Cash was one of the greatest singer/song writers in American history?  

http://www.youtube.com/watch?v=k9IfHDi-2EA

 

Wed, 05/18/2011 - 22:27 | 1290055 serotonindumptruck
serotonindumptruck's picture

Your question should be rhetorical, but yes, without a doubt, Johnny Cash will live forever.

Wed, 05/18/2011 - 23:37 | 1290251 swissbene
swissbene's picture

also like cash.

note 'sunday morning sidewalk' [youtube link] is a kris kristofferson song.  cash fans should certainly own silver tongue devil album.

all comes back... to silver and lying

Wed, 05/18/2011 - 23:52 | 1290297 serotonindumptruck
serotonindumptruck's picture

True. I believe that the song "Me and Bobby Mcgee" (Sweet Baby Janis) was also a Kris Kristofferson song.

Wed, 05/18/2011 - 23:39 | 1290265 DoChenRollingBearing
DoChenRollingBearing's picture

The song he worked on for years, his magnum opus:

"When the Man Comes Around".

Book of Revelation, bitchez.

Thu, 05/19/2011 - 01:52 | 1290456 Raymond Reason
Raymond Reason's picture

"Johnny One Note", yes and that note resonated with people tired of the lying. 

" You’d just say the same old things
That you be sayin' all along,
Just lay there in your bed and keep your mouth shut,
Till I’m gone.
Understand your man"
 

Thu, 05/19/2011 - 04:45 | 1290578 Incubus
Incubus's picture

edit:beaten to it.

oh well

Wed, 05/18/2011 - 21:35 | 1289882 knowless
Wed, 05/18/2011 - 21:42 | 1289906 Yes_Questions
Yes_Questions's picture

Are you prepared?

Got your mask ready? snarc..

All things being equal, I'd say the end has begun.  Certainly the end of what we knew.

Japan has an advanced case of the US's current infrastructure decline, dependancy on imported natural resources and ponzeconomy affliction visa vi central bank interference.  Though we hated this idea in the 80's we may emulate their successful escape to a consensus (ZH consensus) worthy (read real) stabilization/prosperity should they pull it off.

 

Kompai!

Thu, 05/19/2011 - 04:48 | 1290579 Incubus
Incubus's picture

There is no end—not the kind of end you want.

We've still got a long way to go.  There's going to be a lot of suffering before anything resembling an end starts to form.  So yeah, this isn't the ending of anything: we're just beginning. 

Wed, 05/18/2011 - 23:20 | 1290213 parangwarrior
parangwarrior's picture

i thought they said its on the 21st of May!!

 

Thu, 05/19/2011 - 01:38 | 1290438 Raymond Reason
Raymond Reason's picture

depends on if you are using the gregorian or julian calendar. 

Thu, 05/19/2011 - 02:27 | 1290483 parangwarrior
parangwarrior's picture

http://www.theworldsprophecy.com/planetary-alignment-syzygy-may-21st-2011/

are you afraid now.. well do ya.. do ya....

erh..please....

Wed, 05/18/2011 - 21:20 | 1289824 gimli
gimli's picture

It's so bad ---- it's good, but that's bad, but not really , but ........., but .......... I give up.

Wed, 05/18/2011 - 23:35 | 1290254 natty light
natty light's picture

LOL

Wed, 05/18/2011 - 21:24 | 1289828 unum mountaineer
unum mountaineer's picture

" an increase in government consumption and reconstruction demand centered around public works will likely support the economy.”

make it rain boys. make it rain.

Wed, 05/18/2011 - 22:06 | 1289982 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Hey gang.  Fixing broken windows is not real growth.  It is false demand and a misallocation of resources.  Damn!

 

Tuco Benedictor Pacifico Juan Maria Ramirez

Wed, 05/18/2011 - 23:28 | 1290239 Founders Keeper
Founders Keeper's picture

[Fixing broken windows is not real growth.]---Tuco Benedicto...

Another nail in the Keynesian coffin.

 

Wed, 05/18/2011 - 21:24 | 1289830 max2205
max2205's picture

Wow how much worse are the REAL #'s??

Japan never tells the truth until 2 months later

Wed, 05/18/2011 - 21:22 | 1289832 Truffle_Shuffle
Truffle_Shuffle's picture

Can't wait for those Q2 earning's reports.  The inverted 'flying V' formation.  Can you dig it?  Well....of course you can dig silver.

Wed, 05/18/2011 - 21:32 | 1289865 Long-John-Silver
Long-John-Silver's picture

for just $5.

Wed, 05/18/2011 - 21:45 | 1289928 tmosley
tmosley's picture

Your username wins five bucks for awesome.  Suggest you dig some silver out of the ground, or buy a sandwich.

Wed, 05/18/2011 - 22:41 | 1290105 serotonindumptruck
serotonindumptruck's picture

Those European truffles are contaminated with radioactive cesium and strontium.

Just sayin'.

Wed, 05/18/2011 - 22:49 | 1290137 tmosley
tmosley's picture

You're like the Black Plague, you know that.  Everyone's going along, enjoying their lives, then you show up and BAM, everyone's dead.

Bonus points if you know what show that came from :)

Wed, 05/18/2011 - 23:28 | 1290241 serotonindumptruck
serotonindumptruck's picture

Without Googling (cheating), I'll take a guess.

They Live.

Wed, 05/18/2011 - 21:23 | 1289834 Caviar Emptor
Caviar Emptor's picture

...but this is a Ponzi economy and we simply can't admit to having a bad day, let alone a bad quarter or a double dip mega-recession because the whole global apple cart, which rests on faith in paper rather than real organic growth, could topple over! 

Wed, 05/18/2011 - 21:33 | 1289874 Ricky Bobby
Ricky Bobby's picture

+1

Wed, 05/18/2011 - 22:23 | 1290032 mt paul
mt paul's picture

long 

paper apple carts...

Wed, 05/18/2011 - 21:29 | 1289856 Josh Randall
Josh Randall's picture

TEPCO - the gift that keeps on givin'

Wed, 05/18/2011 - 21:29 | 1289869 Truffle_Shuffle
Truffle_Shuffle's picture

I thought that was the jelly of the month club.  Or was it herpes?

Wed, 05/18/2011 - 22:52 | 1290140 JohnG
JohnG's picture

DSK.

Wed, 05/18/2011 - 23:39 | 1290261 penisouraus erecti
penisouraus erecti's picture

Some poster here once said "TEPCO, they put the FU in Fukishima" - great line but forget who to credit it to.

Wed, 05/18/2011 - 21:34 | 1289876 Subprime JD
Subprime JD's picture

CNBC reports:

Japan's economy shrank 0.9 percent in January-March from the previous quarter, marking a second straight quarter of contraction, as the earthquake, tsunami and and ensuing nuclear crisis weighed heavily on the economy.

LOL LOL LOL. You have to love how these bastards play with the numbers. When GDP is growing they always throw out the "annualized" number which is always bigger. When they report on contracting GDP they use q/o/q, hence "headline" .9% contraction.

Nothing to see here folks, move along. Go buy the I maxi-pad 2

 

Wed, 05/18/2011 - 21:41 | 1289903 djsmps
djsmps's picture

Correction. ROR. ROR. ROR.

Wed, 05/18/2011 - 21:34 | 1289877 buzzsaw99
buzzsaw99's picture

They have been using that shrinking economy bit to loot the country for the past twenty years.

Wed, 05/18/2011 - 21:31 | 1289879 Sathington Willougby
Sathington Willougby's picture

Since the ultimate in stupid, Cash for Clunkers, worked so well, why didn't the broken window prophecy work for them?  I guess they floated their cars rather than sunk them in landfills and such.

 

Land of the fleece, home of the slave.  Exporting to a tax farm near you.

Wed, 05/18/2011 - 21:39 | 1289890 slewie the pi-rat
slewie the pi-rat's picture

Hiroshi Watanabe

uh,...,...

...,..., doesn't his mom handle the JGB bond placements? last we heard, from the bankster,  chairsatan-san shirakawa of the boj, mrs. watanabe was levereged long. 

is this a family intervention?

wind patterns not too bad last 2 days.  Japan Wind Map

Hiroshi Watanabe, a senior economist at the Daiwa Institute of Research in Tokyo, said before the report. “This recession may be deep, but short.”

tyler picked up on this, too.  this guy is practically calling out his mother in public!

Wed, 05/18/2011 - 21:37 | 1289898 sabra1
sabra1's picture

won't people dying from radiation lower the GDP even lower? is it possible to channel stuff corpses?

Wed, 05/18/2011 - 21:53 | 1289954 buzzsaw99
buzzsaw99's picture

only the japanese under class will suffer. they don't count.

Wed, 05/18/2011 - 21:58 | 1289965 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Good point.  According to expert Dr. Christopher Busby Fukushima is now mani-fold worse than Chernobyl already and Japanese kids are playing in the streets just 12 kilometers from the freaking plant!  The real danger for us over here is "internal" not external exposure.  Although, the chances are minute over here inhalation of a single micron of uranium, cesium, strontium and especially plutonium would be a death sentence.  One thing we can do over here is take liquid zeolite on a regular basis and pray like hell. 

Note, our beloved government is telling us zero.  Gotta love these guys.  Their answer to the crisis over here is to raise the safe limits for exposure by thousands of times and blackout any federal reporting.  More softkill from the eugenisists. What better way to sterilize we "feeders" than with radiation.

Wed, 05/18/2011 - 22:14 | 1289997 gtb
gtb's picture

You mention "over here" a handful of times.  To what location are you referring?

Wed, 05/18/2011 - 22:48 | 1290134 TheMerryPrankster
TheMerryPrankster's picture

I think his GPS is broken, he means anywhere but "over there" of course he maybe "under there" but it certainly sounds like he is on top of things. He's thought it out, made a plan, and stated his intentions. Now all we can do is sit back and wait, and maybe read comic books under the covers with a flashlight until mom comes home.

Wed, 05/18/2011 - 22:52 | 1290145 tmosley
tmosley's picture

I was unaware that zeolites were used as medicine.  Makes sense, as they are the most adsorbant material known to man (IIRC) due to their super-high surface area.  I would think it would wreak havoc on your system though, or just get coated with crap immediately.

Used to make those in our inorganic chemistry labs.  Got to make a LN2 superconductor too.  That was fun.

Wed, 05/18/2011 - 21:41 | 1289899 patb
patb's picture

this is a bullish sign, Dow and S&P to jump in early hours.

 

 

Wed, 05/18/2011 - 21:43 | 1289911 hampsterwheel
hampsterwheel's picture

This is very bullish for equities - nice bounce tommoroow and big dips in the PM coming as well -

Wed, 05/18/2011 - 21:40 | 1289913 Ivar Kreuger
Ivar Kreuger's picture

It's transitory.

Wed, 05/18/2011 - 21:45 | 1289918 Quinvarius
Quinvarius's picture

Anyone who didn't see that coming should realize they are a TV watching sheeple.  It still makes me laugh to think about people saying the earthquake, tsunami, and nuclear meltdown are good for the economy.

Wed, 05/18/2011 - 22:00 | 1289943 Rynak
Rynak's picture

There are also a lot of people who think that creating jobs for the sake of creating jobs, via consumption for the sake of consumption.... is actually good..... instead of just a desperate attempt to *compensate* the unemployment anomaly, rather than fixing its causes.

Anyone who thinks that growth for its own sake is "good", needs to have his head examined, because it logically makes no fuckin sense at all.

But wait, not subscribing to this braindead mantra, would imply to think about what is actually going wrong, and how to solve it.... and that would require rootlevel changes...... omg, better just go with the stream and compensate symptoms.

Hello japan? You're bailing out the elite, while your population is taking the shit, in the aftermath of a catastrophe.... you sure do a great service to your population, just as the US.... and the EU..... anyone got a list of sane countries to emigrate to?

Wed, 05/18/2011 - 21:42 | 1289919 VyseLegendaire
VyseLegendaire's picture

This is bullish for bansai trees. 

Wed, 05/18/2011 - 21:44 | 1289926 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Good call T. D.!

 

Tuco Benedicto Pacifico Juan Maria Ramirez

Wed, 05/18/2011 - 21:45 | 1289921 Shock and Aweful
Shock and Aweful's picture

YES....

 

But Bloomberg reports that JPM says that housing will boom in the US in the 2nd half of the year...and the S&P will be up another 10% by years end - to 1475...so no worries....back to "normal soon"

See here...

http://www.bloomberg.com/news/2011-05-18/u-s-housing-will-look-vastly-improved-by-2011-end-lee-says.html

Are these motherfuckers really that mentally impotent....or are they maliciously trying to lead people into bad investments? 

hmmmm. . . I wonder???

Wed, 05/18/2011 - 21:47 | 1289931 Quinvarius
Quinvarius's picture

The only way housing is going to improve is if they start giving out ninja loans again.  Stating the obvious is just how I roll.

Thu, 05/19/2011 - 11:09 | 1291508 viahj
viahj's picture

funny that you say that...the gov't is starting to poke around with CRA again, which started it all before.

http://www.businessweek.com/magazine/content/11_20/b4228031594062.htm

Wed, 05/18/2011 - 22:22 | 1290024 Korrath
Korrath's picture

Are these motherfuckers really that mentally impotent....or are they maliciously trying to lead people into bad investments? 

Yes.

Thu, 05/19/2011 - 01:15 | 1290414 Don Keot
Don Keot's picture

Wash, rinse, repeat.  It will go on until it can't.

Wed, 05/18/2011 - 22:26 | 1290042 Quixotic_Not
Quixotic_Not's picture

With Fannie & Freddie government backing for 95% mortgages going away, this has to be a joke.

Then again, after watching these scumbags up close and personal in downtown NYC for the last 15 years, I wouldn't put anything past the lyin', lootin', rapacious banksters!

Perhaps QE3 will be rolled into Countrywide loans...LOL

Gotta be good for at least 1000 sheepsters to run out and buy their 'MeriKan dream home now...

Shit, if subprime comes back I'll do it just so I can live rent free for up to three years!

Wed, 05/18/2011 - 22:30 | 1290074 Seer
Seer's picture

Bloomberg would have been a perfect fit for the Kremlin.  Thankfully they put up a paywall- I am no longer tempted to waste a second of my time.

Wed, 05/18/2011 - 23:14 | 1290197 Korrath
Korrath's picture

Am I the only one here who desperately wants to punch Pimm Fox in the throat every time he asks yet another pointless, stupid question?

Wed, 05/18/2011 - 22:40 | 1290098 francis_sawyer
francis_sawyer's picture

"But Bloomberg reports that JPM says that housing will boom in the US in the 2nd half of the year"

---

and then there's going to be GROWTH in the spring!

http://www.youtube.com/watch?v=YgGvd1UPZ88

Wed, 05/18/2011 - 23:16 | 1290209 TheMerryPrankster
TheMerryPrankster's picture

I'll see you a being there, and raise you a Clash

http://www.youtube.com/watch?v=fmRLtZKbB5c&feature=related

Thu, 05/19/2011 - 11:28 | 1291600 dogbreath
dogbreath's picture

thanks for that

Wed, 05/18/2011 - 21:46 | 1289925 SoCalBusted
SoCalBusted's picture

No worries, they just have to break more windows.

Wed, 05/18/2011 - 21:57 | 1289957 Tater Salad
Tater Salad's picture

USD counter trend rally, biotchez!

Wed, 05/18/2011 - 21:57 | 1289964 IdioTsincracY
IdioTsincracY's picture

Not to worry ... everything will be OK according to the KOBE curve:

http://money.cnn.com/2011/03/16/news/international/thebuzz/index.htm

LOL

Wed, 05/18/2011 - 22:01 | 1289966 Lady Heather...UNCLE
Lady Heather...UNCLE's picture

patb is all over this  :

"this is a bullish sign, Dow and S&P to jump in early hours." 

 On treading this terrible outcome I immediately squared my massive short (i.e. 1 contract  weighted average 1337.8) in the S&P. Took a USD2.00 hit but at least I freed up USD5.00 of margin. Think I might go celebrate with my net NZD3.79 .

As a final thought, I'd would just like to state on record :' the world has gone fucking mad'

Wed, 05/18/2011 - 22:06 | 1289980 IdioTsincracY
IdioTsincracY's picture

It was already crazy whe the financial analysts were creating the news ... it's even crazier now that, the soon to be technologically down-sized analysts, find themselves chasing the algos ...

:-)

Wed, 05/18/2011 - 23:46 | 1290280 swissbene
swissbene's picture

""" As a final thought, I'd would just like to state on record :' the world has gone fucking mad' """ yep - we lost the love we had

Wed, 05/18/2011 - 22:02 | 1289971 Lady Heather...UNCLE
Lady Heather...UNCLE's picture

treading?...I meant reading

Wed, 05/18/2011 - 22:03 | 1289975 buzzsaw99
buzzsaw99's picture

CWTR SPLS bitchez!

 

where's robo with the "retail can't miss" report?

Wed, 05/18/2011 - 22:09 | 1289989 onarga74
onarga74's picture

DEFLATION baby!  Gold down hard tomorrow along with everyone who bought the bull trap in stocks today.  Soros wins again. Ya gotta know that when Mexico buys bullion there is no one left to buy.

 

Wed, 05/18/2011 - 22:19 | 1290026 Global Hunter
Global Hunter's picture

The US will do everything they can to fight deflation including money printing.  Short term PMs could be hit but longer term all this news means is that central bankers have more cover for future money printing, there's no way they'll allow long term deflation. 

Wed, 05/18/2011 - 23:49 | 1290296 parangwarrior
parangwarrior's picture

sorry but i just have to ask..

are you Liverpudlian??

Wed, 05/18/2011 - 22:45 | 1290122 Oracle of Kypseli
Oracle of Kypseli's picture

@ Onarga74

Soros is toast. He will sooon depart as he suffers from the desease that rots the body from within "philargyria" 

Wed, 05/18/2011 - 22:54 | 1290156 JohnG
JohnG's picture

Either you are an idiot, or a troll.

If neither, remember the sarcasm switch.

If you are a troll:

http://trololololololololololo.com/

 

Wed, 05/18/2011 - 23:27 | 1290227 topcallingtroll
topcallingtroll's picture

One of you is an idiot.

Lets check out the predictions tomorrow.

Wed, 05/18/2011 - 23:41 | 1290264 onarga74
onarga74's picture

Thank you John.  I appreciate the time you took to personally attack me and fully explain to me why my being short gold and the Russell wouldn't work in this kind of environment.  I almost bought the Dr Seuss Trade Like Me series you're using but I ended up creating my own.  Thanks again.

Thu, 05/19/2011 - 01:30 | 1290426 Raymond Reason
Raymond Reason's picture

Trading isn't a real job. 

Thu, 05/19/2011 - 00:07 | 1290329 Seer
Seer's picture

I'm assuming that you mean that gold will be cheaper to buy?  Gold is basically stable, it's the USD (and fiat in general) that fluctuates.

I agree that it's all contraction from here on out.  But, gravity aside, gold will not fall faster than fiat: better to be able to buy a loaf of bread for an OZ of gold than not be able to purchase with anything else.

Wed, 05/18/2011 - 22:13 | 1290006 treemagnet
treemagnet's picture

Does it astonish anyone how a story (of this significance) like this can disappear from the news for weeks at a time?  Fucking Greece gets more headline respect than Japan?  Any the thing is, this story is just getting started!

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