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S&P Now Down For The Year Again Indexed For Plunge In Dollar
As silver is about to break $45 any second, we thought we'd take a minute to show the change in the S&P in real terms, i.e. adjusted for the plunge in the dollar. When one compares the YTD change in the S&P compared to the YTD change in DXY, one gets... the following. To all those who hold stocks: congratulations - you have only lost 0.18% in purchasing power year to date. To everyone else: we can only hope Goldman's next downgrade of crude is more effective. That, or take a bicycle to work.
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too big to bail, bitchez
Man, am I glad to have Skinamax HD On Demand....I really needed to take that edge off.
the dollar is looking bottomless here.
I'm gonna roll the dice here and short the EUR/USD based on the 74.26 support for the DXY....if that breaks...it's canned food and shots baby...canned food and shotguns.
But, but... Uncle Ben said a weak dollar isn't important if you buy American made products! At one of his hearings in front of Congress a few years ago. So who am I to believe?
Listen to Timmy Weasel Githener boy. I hope we can aordrop the MOFO in Pakistan and get this over with.
Airdrop Wanker Timmay Jeethner into Pakistan with a "CIA" tee shirt on...
LOL, or a nice 'I heart the FED' t shirt. Wait, thats Robos favorite t shirt.
Yep, Ben certainly did say that to Ron Paul during one of the first testimonies during the beginning of the crisis... (Notice the F-U nosewipe the Bernank gives Dr. Paul at the end)
http://www.youtube.com/watch?v=8pEiLHnjAiw
74.35 USD, ouch!
Is this the strong dollar policy Tim Geithner went on record saying the United States was pursuing?
Thanks Blythe.
Come on Molycorp, pull up and give me some gainzzz
Gainzzzz U.S. Gold or Silver Standard-style baby, yeah!
What American made products- Ben's finest two-ply?
Man this site rocks. Could the biggest conspiracy of all be the fact that the majority does not believe there is one?
most "conspiracies" are merely ugly truths the masses refuse to accept.
Let's start by playing a little word association. I'll say a word, and you think of the first word that comes to mind."Conspiarcy"....................."Theory" is what most people think of. We've all be conditioned to associate the word conspiracy with the word theory. Because, after all, no conspiracy could possibly be true, they're all just theories aren't they?
Some people will want to deny what they learning is the truth.
Others will try to hide from the truth and discredit the messanger.
And there will be a third group of people that will sit back in their EZ chair and say "I'm not surprised, I knew it all along." (Those people are ZH readers).
Evil's most powerful trick is to convince you that it doesn't exist.
this little stat pokes a big hole in the conspiracy theory of fed stealing to juice the assets of the wealthy....they are down in $ terms if they hold equities? hardly a big win. commodities I imagine is a different story.
(not counting the AIG robbery and TARP theft)
I already do take a bike to work, have fun sitting in traffic or on a sweaty cattle car.
The masses in the USA are ina dumb down mode.If you were to remove American Idol or remove the IPHONEs they will be lost. Look around and you can see the dumbness.
Whaaaaa?
I watch American Idol AND own the shit outta silver...and planted a huge Benthereisnoinflationinfoodprices Garden. Gotta be multifaceted in this fershit world.
The greatest trick the devil ever pulled off was convincing the world he did not exist.
I had to revise my opinion of you upwards
by SheepDog-Oneon Wed, 04/20/2011 - 10:29
#1187959
The greatest trick the devil ever pulled off was convincing the world he did not exist.
Weird, whats up with that ghost double post?
It's a glitch in the matrix Sheepdawg; nothing to see here.
stabler has thrown deep to you, SD1! catch it!
tyler +++ for putting the inflation-adjusted "GDP Growth" figures up! now, with a bit more reflation and a tiny bit more slowdown from the japan/"just-in-time" supply side clusterflock, we have, indeed, The Recession of 2011. or, at least its beginnings, as negative real "growth", "reflation", and "Quantitative Easing" becomes America's latest version of My Pet Goat.
as the payroll-bloated goobermints of our womanly nanny states struggle to protect ALL from everything & everybody, especially germs (!) GDP growth, er, real economic strength, may just hafta wait. as long as we can continue to enjoy butter on our guns and pot for every chicken, what the hell, huh?
TPTB have failed. shit happens, even to the worst of us! Plan B = enslave every non-elite SOB to the NWO and the new IMF "commodity-based" fiat, and make them pay what they now owe b/c we bankrupted their fuking goobermints!
nah! WE prefer default. if ya don't like it, just send about 1/2 of the nanny state "employees" home, and we can work with the debt and the liabilities, ok? really. but, you can't keep paying these worthless asswipes so much of what WE kick down in so many taxable ways and still have yer damned goobermints function. duh!
personally, i think it makes more sense to send abt 60% of the goobermint(s) home, forever, BEFORE we default, or crash the currency, or melt the markets up or down. nannies everywhere suffer the vapours over this "unemployment" i know! but, get your food stamps and start selling yer toys and hocking yer jewels. you didn't seem too fuking disturbed when 10's of millions of us had to "retrain for entry level" so, just go with the flow, please. we're no different from greece or iceland or ireland in many respects. TPTB have failed quite globally with the whole bankster cartel passed out @ the Bubble Machine.
it is now set on : "Goobermint Debt Bubbles"
so, maybe, being human, and also unable to leave the planet to escape us, TPTB may be willing to (gasp) listen.
probably not, tho...
perhaps it would be appropriate to offer one of slewie's "practical suggestions" to TPTB, here.
hundreds of years ago, the mercantilist nations, if you will excuse the term, outlawed the selling of insurance to persons who did not have an "insurable interest" in the life, the cargo, the building, whatever. too many long-shot murders, sunken ships, and fires, perhaps.
with modern financial derivative "insurance" just BTFD! the evidence is not wanting that lehman's and AIG took a little pressure from folks who might be, somehow, "short" and these same bankster types have also left their fingerprints around "selling add-ons" re: Greek debt.
really. some of those poker chips are simply criminal-enabling crimes in themselves. like repealing Glass-Steagall. if some of TPTB are getting pissed at the banksters, too, maybe they will stop fuking around for another 3 years and actually fix a few things, for pete's sake.
i know! might be bad for the "economy" OMG!!!
the political arena has been dealing with false choices for so long, living generations of voters know nothing else. still...
It's the small lies that need to be kept secret. The big ones of kept secret by public incredulity.
incredulity is one of the funnest words to say in the entire English language
Almost all the mainstream media is following the FED crumb trail.
In today's newspaper, on page 27, in a side colum, there was some mentioning about the european problems (must be a journalist who got canned that day).
Besides that, all is well in lalala land. Not a word about te chinese bailout for spain.
And the Greek problems (also mentioned in that 10 line text) could actually turn out to be good for us...
Not a word about finland, not a word about silver and gold, not a word about inflation...
The banksters not figured out how to hide the inconvenient fact that commodities increases in thier fiats are displaying exactly how worthless their colored pieces of paper are.
If the banksters could figure out how to build ships, airplanes, trains, food, and energy from paper they would indeed have a wonderful world for themselves.
Commodities are what pulls the curtain back.
Your a "conspiracy theorist"! I'll hear nothing further from you!
Hmmm, wonder what AAPL's earnings might look like laid across the same chart...may have to go tinker tonight.
Robo polishing his gilt edged equities, which are down for the year no matter what. Walls closing in on ultra risky equity fanboys.
There is an eery calm in al silver related stocks I track right now. Every thing sitting just below daily highs, pretty much at the open. Wondering if the start of the JPM raid was put off an hour today. C'mon . . . dip baby . . .dip . . .
The rise in equities during the 80s and 90s was a result of wage deflation and increased consumption through credit provision.
The central banks will have to step in to provide money rather then credit stopping the above dynamic in its tracks.
Embrace QE - there is no other way other then outright default on bank deposits.
Good thing I walk to work.
On the other hand, my pay isn't indexed to value of real money.
Shit.
The Market Ticker:
Rumor: China To Revalue Yuan 10% This Weekend?Probability of happening: about 0%
Page not found.
Hey Tyler, what happened to all the Fukushima articles? I thought the world was supposed to end last month? Is it safe to eat sushi again?
Doesnt anybody ever do their own research?
Yep, it's safe! And cheap now too. Eat all you want.
How dare you provide "real" numbers. The markets want only "nominal" numbers.
Shhhhh....the 401K market bubble is designed to keep the rubes at the table after the housing wipe out. Althought they won't understand the chart they might get reflexively twitchy.
Thats the only point to all of this, keep the 401K rubes placated for a little while. The FED now basically owns their ass and everything in their 401K has actually been monetized, Treasury takeover of their own 'assets' any day now. Bernanke will claim the 401K's are simply being transfered under their wing for 'safe keeping'. Satan is so proud.
The employer of a "friend" of mine is having a big 401k education push nationwide to try and promote more participation..... I wonder why?
what about this rumored revaluaton of the yuan this weekend? Watch for the King Dollar whipsaw, sharp down, then sharp back up.
Fuck Bicycles. Im waiting for Apple to come out with an an I-Cycle.
There's an app for that.
"That, or take a bicycle to work."
Thanks TD - I already do! - I am well hedged against the oil shock - I can commute up to 30 miles a day round trip with ease. I actually spent more on buying my bike than my car is now worth.
Bring on the oil wars I say!
just wrote about a similar thing for month to date S&P performance. expect rally into month end: http://www.hedgefundlive.com/blog/its-april-time-for-the-market-to-rally
Shut the fuck up troll.
Site must be shit if you have to spend all day advertising it elsewhere.
ZH does no trolling - it's pure word of mouth.
Quality vs Quantity
ZH 1 - the others 0
I enjoy the Jeffersonian comments posted periodically by commenters at Zero Hedge that remind us of the inherent corruption in banking, but I think you have to go a long way to beat the perspicacity and foresight of the great "Dubya".
"This sucker's going down." George W. Bush 2008.
...but who was the sucker....?
You presume it was the economy, however it might have been Rumsfeld.
funny
OT... My county no longer accepts VISA CARDS for payment of vehicle registration, titles, plates, sales tax on vehicles. The county continues to accept other credit cards, personal checks and cash. County is Volusia in State of Florida.
I have posted this several times in hope of finding if other states, counties, cities are refusing Visa cards. Anyone?
My sister and her husband just got back from Canada business trip, said it was very difficult to exchange dollars there they were not eager to take dollars. The great untold story, many countries dont want any part of the dollar any longer.
I've got some left over Dollar travellers cheques from my last holiday - I'm keeping them as a souvenier....something to tell the kids about.
"...there was this way of currency see....called the King dollar - accepted everywhere....but a Mr Ben decided to wreck it in order to avoid the 'greatest depression' - and now we trade with turnips"
Wide eyed they will be...
SDOne... I don't want dollars. I want more gold/silver which I have been buying with fiat for many years. My Visa is through my local credit union and is paid off at the end of each month (actually on the 25th).
I thought it very telling that a Florida County Government is no longer accepting Visa Cards for payment of fees and taxes. Odd that this is slipping under the radar.
Best place to change money when traveling is at an ATM from a major bank. I have found the rates are the best when compared to physical transactions at the cambio's or at a bank teller or at a place of bussiness. My bank said Visa controls the foriegn exchange transactions on my bank card, and since they are instantaneous they are at/near spot with no transaction fee other the the normal card usage fee.
Small bussiness's who take your FRN's must track and speculate with the exchange rate and with Canada the rate is a seesaw. The small bussiness owner then has to pay fees' at the bank when they deposit the FRN's. This can amount to a percentage and a transaction fee. Bottom line is the bank doesn't want to hold the physical FRN's as they can depreciate and make t painful for small bussiness to handle them.
I'll accept FRN's in payment, but at the appropriate discount.
dupelicate
Fukushima!!!! Run for cover! LOL
Credit Card fees reduce the amount of revenue for municipalities, expect to see more cash discounts for even retail locations going forward.
Dollar? What's that?
The market is "shrugging off" bad news; it is "strong" and "hitting new highs for the quarter". Like it has a personality and a soul of some kind?
"Pay no attention to the crashing dollar, and gold and silver and oil up 2% this morning."
Where is that Caterpillar and his hookah!?!?
just a short note
I'm ordering business supplies this am and notice UPS shipping fees have increased by about 27-30% from 10/10
Didn't have much to talk about last week at Rotary.
Just for a goof, I stood up before breakfast and told everyone that since we were all witnessing the domestic money supply being vaporized while food/fuel inflation was getting so bad, I stated that I was willing to settle local accounts in silver or gasoline/diesel fuel rather than dollars. I spoke a little more about pre-64 coinage and "junk silver."
I sat down thinking it was more funny than anything else.
Afterword, I was late to work because of the 3 people that wanted more information. Now folks are going home and sorting all their sock drawer change. One guy - general contractor - asked about the unused (sterling) silverware in his dining room for barter. He's got 3 kids.
Ag crimes going up again now that diesel is getting close to $5/gallon and the weather is nicer. Just had a 4500 gallon tanker stolen - fuel street value ~ $20,000 - better haul than a bank robbery. Last time it was this high, we caught a 1977 Econline van outfitted with a 500 gallon tank, electric pumps and a hole cut in the floor trolling around town and sucking the fuel from gas stations' underground tanks.
May you live in interesting times.
Yeah; some crybaby on the news this weekend was complaining how it hurt to shell out $3K to fill the tank on his party boat.
My heart bleeds.
Well, at least I have my unicorn to ride into the sunset...