Must See: Nordea's Chart Of The Week - Collapsing US Import Demand

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Fri, 12/17/2010 - 13:10 | 813136 TheGoodDoctor
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If that doesn't say double dip, I don't know what does.

Fri, 12/17/2010 - 14:58 | 813544 IBelieveInMagic
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Not to worry, it's all being flown in!

Fri, 12/17/2010 - 18:08 | 814062 Dirtt
Dirtt's picture

BLATANT LIE. What economic forecast are you reading?

They are deploying mules.  It's the only method of delivery they could find to match economic activity.

Fri, 12/17/2010 - 15:54 | 813690 Haywood Jablowme
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I had read previously that cargo ships were advertently slowing down their speeds in order to decrease gas consumption seeing how oil was on the rise.  Granted, the "depression" is still in effect and that's one hell of a dip, but how much of that is a result of trying to conserve go-juice?



Fri, 12/17/2010 - 20:03 | 814323 Winston Smith 2009
Winston Smith 2009's picture

I think fuel prices were higher in 2008 than now and the average speed was higher then. Of course, profit margin compression and a resulting effort to save fuel might be partly at fault for the current drop. I also suspect, not knowing for certain the methodology of the calculation, that ships in port my be included in the average. In that case, fewer ships moving would mean a lower average speed.

Fri, 12/17/2010 - 16:37 | 813801 tekhneek
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Wait a minute -- that's lower than it was in 2008. At least we're in a recovery.

Fri, 12/17/2010 - 17:37 | 813961 dehdhed
dehdhed's picture

if that chart is any indicator, then the last peak was a good time to bail around july 2009 when the s&p500 was about 875

Wed, 12/22/2010 - 12:38 | 823986 El Hosel
El Hosel's picture

    875 SPY is right about were the volume started to dry up too, the Bernank took over from there.... We don't need no stinking volume, if you don't like a market that goes up everyday  too bad

Fri, 12/17/2010 - 13:14 | 813148 HelluvaEngineer
HelluvaEngineer's picture

Buy the fucking double dip.

Fri, 12/17/2010 - 13:20 | 813170 Spitzer
Spitzer's picture

You are an idiot.

Everyone seems to be reasured about buying when the stock market crashes again but do you really think the Fed is going to double its balance sheet AGAIN ?

In the face of inflation ?

and rising rates that are compressing margins ?

Fri, 12/17/2010 - 13:26 | 813194 HelluvaEngineer
HelluvaEngineer's picture

Your sarcasm detector seems to be on the fritz. 

Fri, 12/17/2010 - 13:33 | 813228 MsCreant
MsCreant's picture

It's on the Spitz.

Fri, 12/17/2010 - 14:53 | 813534 El Hosel
El Hosel's picture

  "It's on the Spitz"

 ...... and the Witch, X 3

Fri, 12/17/2010 - 13:52 | 813298 lead salad
lead salad's picture

It must be.  I posted the same thing you did yesterday and he called me one of Robo's "darlings" or something.  I just LOL'ed.

Fri, 12/17/2010 - 14:05 | 813333 cougar_w
cougar_w's picture

Does anyone have the link to the "you are an idiot, just buy the fucking dip" video? We need to get a rerun of that, it's becoming a meme around here.

EDIT: damn, google really is your friend: "buy the dip video" worked first time


Fri, 12/17/2010 - 14:13 | 813380 Miss Expectations
Fri, 12/17/2010 - 14:15 | 813392 Shell Game
Shell Game's picture

LOL, a true gem. Thank you.

Fri, 12/17/2010 - 13:26 | 813201 Shameful
Shameful's picture


What choice do they have? Let the big banks (their owners) go under? It's not like the Fed is answerable to the American people anyway. They got by before by being boring, now they can institute a reign of terror if need be.

Fri, 12/17/2010 - 13:40 | 813255 Spitzer
Spitzer's picture

Having a printing press is all great until you eventually have an inflation problem.(I know, that never happens, just use your imagination.)

Do you really think that the Fed is going to buy bonds if interest rates are shooting up in the face of real inflation ?

If interest rates start rising because of real inflation, the printing press is useless. The printing press actually makes it worse because the more bonds the fed buys, the bigger the spread is between yields and inflation.

Fri, 12/17/2010 - 13:45 | 813270 steve from virginia
steve from virginia's picture

Once peeps in my ambit start showing up w/ money I'll call inflation but everyone I know (and read about) is looking for that next dollar which never seems to show up.

Anyway, the next step is to have the ships sail around in circles ...

Fri, 12/17/2010 - 13:52 | 813293 Spitzer
Spitzer's picture

not sure what your point is but,

* Oil is at $89 a barrel, up 21% in the last year.
    * Gold is trading at $1,413, up 23% in the last year.
    * Silver is trading at $30, up 66% in the last year.
    * Copper is trading at 4 per pound, up 26% in the last year.
    * Corn is trading at 573 a bushel, up 49% in the last year.
    * Soybeans are trading at 1,300 a bushel, up 23% in the last year.
    * Wheat is trading at 779 a bushel, up 41% in the last year.
    * Pork is trading at 104 a pound, up 23% in the last year.
    * Beef is trading at 106 a pound, up 28% in the last year.
    * Cotton is trading at 130 per pound, up 78% in the last year.
    * Sugar is trading at 29 per pound, up 32% in the last year.
    * Coffee is trading at 205 per pound, up 40% in the last year.

Fri, 12/17/2010 - 14:21 | 813416 TruthInSunshine
TruthInSunshine's picture


The Bernank says "inflation is too low, and he needs to spur more inflation," to improve things for consumers.


Bernanke says inflation rate still too low

In other news:

Peter Schiff - It's Scary How Clueless Bernanke Is
Fri, 12/17/2010 - 14:44 | 813507 Spitzer
Spitzer's picture

Schiff has been marginalized by other personalities lately but he still cant be beat.

Peter Schiff is the man.

Fri, 12/17/2010 - 16:10 | 813733 jdrose1985
jdrose1985's picture

It's scary how clueless people are when they regard a paid liar as clueless.

In other words, you retards actually believe the people in charge have no idea what's going on.

The fact of the matter is that you were taught to be ruled and TPTB were taught to rule.

Fri, 12/17/2010 - 18:16 | 814078 i-dog
i-dog's picture


Fri, 12/17/2010 - 18:23 | 814092 Spitzer
Spitzer's picture


Just like the Soviet Union.

How did that turn out smart guy ?

Fri, 12/17/2010 - 15:08 | 813565 ExpendableOne
ExpendableOne's picture

"Inconceivable"!  (ala Vizzini / Bernanke in the Princess Bride)

Fri, 12/17/2010 - 16:03 | 813716 jdrose1985
jdrose1985's picture

His point is simple. Nobody has any money. Try expanding your timeline more than 1 year and match it up to this:

Fri, 12/17/2010 - 16:04 | 813717 sunny
sunny's picture

OH DEAR.  You forgot to mention the Dow, S&P, Nasdaq are also up great big chunks. 

Just buy the fucking dips!!!


Fri, 12/17/2010 - 17:45 | 814006 robertocarlos
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That's the producers problem, not mine. Prices in the store are steady. 

Fri, 12/17/2010 - 15:07 | 813563 TheProphet
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Remember that Three Stooges movie when they are slaves on the ship, and there is one huge guy rowing one side of the boat by himself? They cut to the map of their ocean crossing, and the dotted line is loops?

Maybe they could try that.

Fri, 12/17/2010 - 14:23 | 813424 Kyron95131
Kyron95131's picture

that would be the reason our previous 6 versions of the fed have failed.

its more a wonder why this one hasn't failed as quickly as the others.

its all in your history books boys

Fri, 12/17/2010 - 15:24 | 813605 SheepDog-One
SheepDog-One's picture

You wanna talk about history? Heres some history most people could never handle, the fact that the USA declared bankruptcy in 1933 and has been in receivership ever since, US Constitution null and void from that day on. Its ALL a fucking illusion, people.

Crown 1

Fri, 12/17/2010 - 15:41 | 813655 Lucky Guesst
Lucky Guesst's picture

James Traficant bitches!!!!

Fri, 12/17/2010 - 16:10 | 813732 SheepDog-One
SheepDog-One's picture

People dont want to believe the reality of it. Thats why they had to throw Trafficant in prison to shut him up.

Fri, 12/17/2010 - 16:17 | 813749 jdrose1985
jdrose1985's picture

Yeah we were all pledged as the collateral of the US from the moment we were born and our birth (berth) certificates were issued. Every piece of property you "own" is held by the (false) gov't and used as collateral for the full faith and credit of the (false) gov't who is in receivership with the IMF and has been since 1933.

Basically TPTB no longer deal in silver and gold, they deal in flesh and blood. Those who claim thier rights as "citizens" of the United States have no rights for they have forfeited their very own individual sovereignty in exchange for nothing.

There is an answer, an escape route. But this is neither the time nor the place to speak of that.

Fri, 12/17/2010 - 14:28 | 813449 Founders Keeper
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[Having a printing press is all great until you eventually have an inflation problem.]---Spitzer

Spitzer, all you need to know is "they" will print.  They always do.

They will print in the face of inflation.

They will print in the face of rising yields.

They will print in the face of failed Treasury auctions.

They will print in the face of credit rating threats.

They will print in the face of sovereign default.

They will print in the face of fierce public condemnation.

They will print in spite of political threats.

They will print.  That's all you need to know.  Plan accordingly.


Fri, 12/17/2010 - 14:48 | 813516 Spitzer
Spitzer's picture

Yes, I know.

The best part is, it wont matter even if they stop printing. It was too late for the Volker response about 5 years ago.

Fri, 12/17/2010 - 16:18 | 813759 jdrose1985
jdrose1985's picture

Wow what don't you understand?


Fri, 12/17/2010 - 16:55 | 813857 dracos_ghost
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Yeah, and the Chinese haven't been doing hyperinflationary stupid shit.

Sorry, opening up China was the problem and still is. They are the 13th Fed district and the Fed has no recourse but to print money to meet China's "I'll gladly pay you Tuesday for world domination today" economic theory. Let's not forget the Fed is guaranteeing China's loans in a quid pro quo maneuver for them to buy US debt after the 1998 currency crisis.

Noone mentions the correlation between the 2008 crash and the end of the Olympics when the IMF wanted their cheddar and China said, "Get it from the Fed". And behold TARP was born. Subprime loan crap was a smokescreen. The global elite refuse to admit they are wrong with the paper dragon.

QE2 = $600 Billion which I believe was the exact amount of the "Chinese stimulus". China is printing dollars a hellava lot more than the US consumer.

They have a discounted dollar for a currency(aka Food Stamp) and everyone thinks they're brilliant. They are in a bigger crash situation than the US. They are f*cked because their only options are to 1) Raise rates 2) Depeg and free float the yuan to avoid that pesky hyperinflationary manufacturing base that was handed over to them from the late '70's. Both scenarios put them in a social downward spiral.

Chinese Debt/GDP is enormous. And they ain't exactly liquid.

Bottom line is the world is shitting a BRIC.

Fri, 12/17/2010 - 18:27 | 814096 Spitzer
Spitzer's picture




Fri, 12/17/2010 - 19:20 | 814213 Lord Koos
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Interest rates were in the mid-teens in the late 70s.

Fri, 12/17/2010 - 13:49 | 813285 TheGreatPonzi
TheGreatPonzi's picture

Yes, that's right. Those who think the FED will let the entire international banking system die are smoking something not very clear.

They will print, yes, they will start hyperinflation, you bet, but they will never accept a default.

Default = immediate death of everything, the FED included.

Hyperinflation = lenghty death of everything, the FED, not so sure.

What did the FED do since october 2008? Buying up time. Bernanke is not dumb to the point he actually believes the economy will improve.

Bernanke is just a puppet playing games. He perfectly knows that the economy is fucked forever.

He's just trying to gain time. What for? Dunno. Maybe for his masters to prepare. Maybe for transferring more wealth from the people to banks.

Fri, 12/17/2010 - 13:55 | 813304 toathis
toathis's picture

junked you.

Hyper-Inflation is impossible when the majority (80-90%) of all transactions are completed using plastic (non-physical) currency.

It will not happen. I promise.

Time? No. The event was 2008 (the fearful day on that October weekend). That was it. That was the collapse/event/doom. Now the worst is over, thankfully.

Gold is double-topping. HUGE BUBBLE!

Fri, 12/17/2010 - 14:02 | 813316 TheGreatPonzi
TheGreatPonzi's picture

YOU CAN'T EAT GOLD, biatchez!!!§§§

I have a Phd in economics, and I must disagree with you. Hyperinflation can happen. But the Americans will not even realize it. They are starved for cash. They will continue to use the dollar for their transactions even if it becomes worthless.

Fri, 12/17/2010 - 14:04 | 813339 Dr. Sandi
Dr. Sandi's picture

That's PhD

Ph as in Philosphy, the study of concepts that are acidic or base.

D as in Duh

Not to say you don't have one, just noting the error.

Fri, 12/17/2010 - 14:21 | 813419 MsCreant
MsCreant's picture

To be most exact Ph.D.

Fri, 12/17/2010 - 16:20 | 813758 Al Gorerhythm
Al Gorerhythm's picture

To be even exactier, Phttt.D.unce

Toathis, ewe is gonna look pretty silly going to the local store with a wheelbarrow full of credit cards.

Fri, 12/17/2010 - 19:21 | 814217 Dr. Sandi
Dr. Sandi's picture

Ummm, yeah.

Last time I missed a period there was hell to pay.

Fri, 12/17/2010 - 14:12 | 813374 High Plains Drifter
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Have you ever bought something that you had to assemble via instructions? I am just sayin.....

Do NOT follow this link or you will be banned from the site!