• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Rosenberg On The Revenue-Less, And Now Margin-Less, Recovery

Tyler Durden's picture




 
0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 11/01/2010 - 11:06 | 690549 SheepDog-One
SheepDog-One's picture

Pump anemic markets ever more GREEN! Only game in town, as insiders dump at a 6 month 3,000:1 ratio, 'cost cutting' is played out and growth will take a huge hit, way sooner than most people think.

Everyone finishing their last call drink while nervously eyeing the narrow exit door. And for those who think perpetual melt-up is the new normal, they'll be the ones trampled hardest.

Mon, 11/01/2010 - 11:11 | 690562 Cleanclog
Cleanclog's picture

The largest asset class, MBS, that barely existed 30 years ago, is the only place the Fed could actually make a shock and awe difference. And further screw up the mortgage/housing world by keeping real market actions at bay.

Everything else is just more of the same.  Lower rates have no juice anymore - they aren't driving any economic activity differently.

Mon, 11/01/2010 - 12:33 | 690825 Oh regional Indian
Oh regional Indian's picture

Clean, lower rates are all very well if you could actually get aloan at those lower rates, right?

That is the joke, low or next to nothing rates on savings and credit tap dry. I hear SME's are squeezed tight because no one is doing Working Capital loans etc. So yes, economic activity driving does not seem to be the goal here for CB's/FED.

It's the grab-all-you-can-as-ship-sinks time.

ORI

http://aadivaahan.wordpress.com

Mon, 11/01/2010 - 11:20 | 690589 billhilly
billhilly's picture

Damn, I wish this would hurry up and happen already, I'm getting killed on the short side.  Luckily I have some PM's that are helping but for all the negativity (reality) on this site (I'm not trying to complain) the downside sure hasn't materialized like one would have thought/believed.

Mon, 11/01/2010 - 12:58 | 690933 There is No Spoon
There is No Spoon's picture

Maybe the market's not going down because of rising inflation expectations, not because anyone really believes the economy is going to do well. As this site has pointed out, holding precious metals is a de facto short position on the stock market, so there's no point in taking the risk of shorting stocks if you're holding precious metals.

Mon, 11/01/2010 - 11:35 | 690624 jus_lite_reading
jus_lite_reading's picture

As expected, the largest amount of talk about "GROWTH" the day before elections. Reality. Bites. Hard.

Mon, 11/01/2010 - 11:38 | 690638 OutLookingIn
OutLookingIn's picture

 

 Cost cutting will work until it doesn't. Okay. Now it doesn't. Next step - close the door. More unemployment. Less consumers. More tax dollar support. Higher deficits. Less tax revenues. Government (at all levels) labor force shrinkage. More doors close. Re-load, wash, rinse, repeat...

Mon, 11/01/2010 - 11:56 | 690686 MachoMan
MachoMan's picture

bingo.  The biggest problem right now is that this is only largely happening in the private sector...  while the public sector (dependent on taxable revenues from the private sector) churns right along oblivious to its certain demise.  Eventually, the day where the productive (1%) shake the non-productive (most of us) off their coattails, will come...  and it will be unpleasant.

Mon, 11/01/2010 - 11:41 | 690645 Rainman
Rainman's picture

Between the gutting of capex and the tax windfall of NOLs, there's no reason to raise revenue or even have a sales, marketing or advertising department. Lots of " earnings " opportunities remain.

Mon, 11/01/2010 - 11:55 | 690682 drb48
drb48's picture

Apparently, "the markets" didn't get the word re future corporate profits - they're busy pushing higher.  Any wonder BTW, that the retail investor - i.e. me - won't go near the place?

Mon, 11/01/2010 - 12:02 | 690697 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

How long can they perpetuate this kind of fraud? As an engineer, I am waiting for the SHTF so I can get into the next true, organic big thing product. The way it is now, we are just defending the status quo sucking the life out of everything in the economy. It frustrates and sickens me to the core.

Mon, 11/01/2010 - 12:21 | 690786 aerojet
aerojet's picture

Yup, you're not alone. And what perplexes me most of all is all the new commercial construction going on where I live.  Who the fuck are the customers going to be?  Didn't we learn a single lesson 2008?

Mon, 11/01/2010 - 12:08 | 690737 Something Wicke...
Something Wicked This Way Comes's picture

Like most of us, my problem was always the issue of timing. That a collapse is coming is evident.

The stock market is the prize. That is the battleground. The government and the FED are absolutely willing to do anything to create the illusion of market health. They have to.

When the market has its grand mal seizure, the lie will be officially over. Every retirement fund in this country will be fucked. Politicians and the FED will be dragged to the square and hung. That is how serious it is. We know it, they know it, and thus we have this grand tug of war. Sooner or later, peeps are gonna see that the emporer has no clothes.

Mon, 11/01/2010 - 12:29 | 690812 No Mas
No Mas's picture

"Politicians and the FED will be dragged to the square and hung."

Hyperbole.  Don't leave home without it.

Mon, 11/01/2010 - 15:25 | 691369 Lucius Corneliu...
Lucius Cornelius Sulla's picture

Trying to effect change with the Demopublicans is kind of like playing a long game of Whac-A-Mole.  I'm guessing that's what's in store for us.

Mon, 11/01/2010 - 13:10 | 690971 Instant Karma
Instant Karma's picture

It's hard to generalize. Often, it's industry by industry, or company by company.

Wed, 11/03/2010 - 20:44 | 697740 cheap uggs for sale
cheap uggs for sale's picture

We have all cheap uggs for sale in our website http://www.salesuggs.org ! You can meet all your needs for UGG hot sale here and will certainly be satisfied with the top quality at low price. All UGGs on sale are made with the 100% genuine sheepskin from Australia and are hand-made in our own factory completely. So you need no to worry about the quality and the cheap UGGs for sale are all to be delivered in free shipping. Enjoy the large discount!
1.
UGG Amberlee
|UGG Kensington
|UGG Elsey
|UGG Langley
|UGG Roxy Short
|UGG Roseberry
|UGG Oliviya
|UGG Raya
UGG Brookfield Short

Thu, 11/04/2010 - 02:24 | 698652 cheap uggs for sale
cheap uggs for sale's picture
Many like to prefer this footwear for cheap uggs on sale. its stylish and comfort aspects that charms as well as eases your feet with utmost convenience. Earlier, people use to wear cheap uggs bootsto keep their feet warm in cold weather but now in modern time people prefer them to gain a great appearance.UGGS on sale.Such as:UGG Adirondack|UGG Bailey Button Triplet|UGG Brookfield|UGG Cardy|UGG Delaine|UGG Elsey|UGG Gissella|UGG Highkoo|UGG Kensington|UGG Knightsbridge|UGG Langley|UGG Mayfaire|UGG Roseberry|UGG Roxy|UGG Upside| UGG Amberlee| UGG Oliviya| UGG Gaviota|UGG Desoto|UGG Bailey Button |UGG Brookfield short|UGG Swell .
Fri, 11/05/2010 - 23:35 | 704631 cheap uggs for sale
cheap uggs for sale's picture

Welcome to our website-- http://www.ugghots.com , we are making the promotion for many uggs now.Here is a chance for you that you want to buy good ugg classic boots by cheap price.At present our hot sale snow boots has :
| UGG Delaine Boots
| UGG Gaviota Boots
| UGG Gissella Boots
| UGG Evera Shoes
| UGG Upside Boots

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