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YES WE CAN print it!
And precious metals were hit pre-release, what a shocker! Must be a coincidence.........
Although this does happen most every morning.
It's just inflation, bitchez!
Actually..there's no such thing as a trade defeciet..unless the trade is done on credit...Something of lessor value is exchanged between the two parties..make an even trade! You want fiat notes..so be it..I want tangible goods..so be it...Neither party would make the trade unlsess they perceived value!
Crappy trinkets paid in crappy currency. Sounds like a fair trade to me.....Go on and jack the numbers. More, more, more....
Shocker. Trade deficit misses. This on the heels of the MSM touting the great success of Hilary's meetings with the Chinese. And as if to punctuate the myopic view of trade, a Caterpillar exec on the BlowHorn [CNBC] trying to reinforce the idea that the weak dollar is Grrrrrreat for the US because it makes Cat's earnings soar. Never mind about the peasants struggling to eat and pay for fuel.
The Crony Corptocracy continues to run wild in DC.
...or those adults that choose to underconsume and save.
The absolutely terrying part is that policy is in large part made by ghouls like that Brookings Institute cat that actually had the chutzpah to tout nominal earnings growth as a wonderful side effect of debasement.
It won't end well, that much is certain.
It is already not ending well for Disney...which requires REAL earnings growth in the peasant class to make its qtrly projections.
48 billion in products traded for a few pallets of cotton paper :)
Chinese slaves are so smart :)
Cotton paper... or gold platted tungsten.
At least the tungsten is a useful material.
I agree, but how many paper weights can a person use?
The cotton on the other hand is good for insulation and burn real nice in a stove.
gold platted tungsten? DO YOU KNOW HOW MUCH GOLD COSTS TO PLATE THESE THINGS?!
and the cotton paper isn't that cheap either. The FED can actually print 28 million 100 dollar bills a hour. It actually takes them 71 days to print that trade deficit! More than 400 people have to work for that!!!
And what does China have to do for it?
Not much, because I've heard working is like a hobby for them.
A month of imports or 1/12th of economic trade activity is only about an hour of Jeethner and PD buggery...whats todays bond-fest amount $30 billion? The torture never stops, Frank Zappa.
YouTube - Frank Zappa - The Torture Never Stops (From the DVD)
Hey, wasn't the devaluing of our currency supposed to cause an export boom? I hate to say it but most of my fellow Americans are so clueless they deserve what is coming.....
All we will hear on cnbs is that exports hit a record
Of course, theyre WHORES who get directed spin to keep the 401K Bathrobe Brigades sitting at home watching CNBC with 'record' on hoping to get an upskirt shot of Becky Quick or Erin Burnett, diverted from any worry of placing a sell order...calm as Hindu cows.
But I love Maria!
She is the nicest and sweetest of the cnbc girls.
I wanna fuck her brains out.
You DO realize who's already been in that kootch?
Too Far Sir.
According to the graph imports and exports have been steadily increasing for the last 2 years, the trade imbalance aside that insinuates that there is increasing levels of economic activity, trade and commerce. Problem is I don't believe that the economy has been steadily improving so why do these numbers keep increasing just like the price of food, energy and other commodities has been increasing? Maybe the Bernank has a theory.
Our 2 largest exports, printed up money, and jobs, explains it.
I thought precious metals were second.....
I thought our largest exports were arms, ammunitions and war...
#1 Export = Inflation...#2 Export = BS
also called export of democracy.
The trade number is skewed to a very select group of mega cap companies that export. Problem...these companies account for almost no job growth. As such, the benefit goes to a select few corporate execs and their corresponding shareholders while the broader domestic economy continues to stagnate.
As for the earnings, again they are skewed by the weakening dollar.
In a macro sense, these US export "gains" are meaningless to the peasantry.
As usual the peasantry sucks paddy water, but GREAT news for Wall St Crimebots who do a quick computation and see no reason why they shouldnt whip the zero volume froth a bit higher today.
Bernank theory explained: There is no inflation. Nothing to see here. And don't you fucking dare touch that 401k..we will be taxing it soon...
The first time I heard about the 401k confiscation theory, I thought it crazy. And now...Greece is moving in on its pensioners as their ability to issue debt hits zero.
The kleptocracy continues on....and it is only a matter of when.
Man...its ALL about keeping the 401K Bathrobe Brigades calm as Hindu cows! They get a bit nervous and start placing sell orders, its over. Ben and Timmah need to keep them calm with lies and an ever melting-up market, or the endgame seizing of all 401Ks/pensions is up in smoke, nevermind the bulldozer effect to the equities markets themselves.
Correct, Dog. This long lie has been required to keep folk still. It has and continues to be a game of creating confidence where there is none.
The Irish are instituting a "temporary" tax on their Pensions. I swear, I am going to cash in my IRA and PAY the DAMNED 10% surcharge.
If you are buying or building a home[first time...or if you are a renter for the last three years I think], you can withdraw $10k penalty free....plus a few other loop holes that will get you up closer to $15k.
Cdad is correct. IRA premature distribution penalties are also waived for major medical expenses & higher education.
Correct. As well, there is a loop hole for unemployed folk...although you must first prove that you have been on the Fed dole that way.
10%??? are you serious? 30% plus 10% penalty = 40%\
I want to cash mine out too......I need to do some research and see if there is anyway to avoid losing 40% of it.
I will do my own reasearch but any one with prior knowledge that wishes to share please do!
Starts with "temporary tax" (see Irish pensions). Next step, up the tax on premature distribution penalties. Right now many are withdrawing early just to cover living expenses. It's a race to the bottom.
Not to worry. I feel a recovery summer on the horizon.
Something tells me Geithner is pitching and Wang Qishan is catching. Something also tells me that "deeper cooperation", ain't in the cards. They don't call him tiny tim for nothing
Next time i'm with a special lady, i'm going to ask for some "deeper cooperation."
Our manufacturing base is gone so the whole "weak dollar/better exports" thingy is over. What we do get from a weak dollar is higher priced goods coming back to us through imports. And we pay for it by borrowing, as once again it's important to remember, our manufacturing base is gone.
So how is this 'end of QE' going to play out again?
All news everywhere now is completely worthless and irrelevant except for ONE!
Comet (falling angel) Elenin is coming Sept 27, 2011. Comet Elenin will be the mightiest of all the angels (comets). It will try to overpower God (the sun), when it crosses directly between the earth and sun and will literally fall to earth. This comet is the origin of all the old myths about the mightiest angel who fell from grace, banished by god (the sun), and fell to earth … better known to everyone as Lucifer.
This comet’s vapor trail is saturated with dust and it will sweep and engulf the earth in October (the falling angel!). The massive vapor and dust tail will create enormous rainclouds for DAYS all over the world!! Water levels will rise EVERYWHERE!
A biblical flood is coming in October! This is not a joke. This is not a test.
SP-666 will be taken out before October!
Bankster criminals, murderers and thieves (and all their ilk) have kept this “little” event secret for centuries within their stupid childish secret society cults. For nothing but pure greed and hatred for the rest of humanity, sheeple and markets have been lied to and manipulated for millennium so those greedy little devils … “chosen people” can “inherit the earth” after this event. They are stealing and raping everyone now to accumulate every last ounce of gold (money) before October.
Financial market schizophrenic meters are off the charts due to the planning for this event!
Wake up world. Protect yourselves. Take appropriate positions, profit from those evil worshippers, survive, and take back some of that stolen bankster booty!
I have a boat bitchez.
Ohh great! And we have this to look forward to. I guess the Mayans were wrong then, we won't make it to 2012.
NAH just that now we use the Gregorian calendar.
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