• Sprott Money
    05/26/2016 - 05:58
    How many “emergency” “secret” meetings do the central planners around the world need to have before the citizens of the respective countries begin to fully understand and take notice that something...

The Hopium Is Now Depleted

Tyler Durden's picture


Hope - it appears - peaked at the start of the year in the US, following the global coordinated central bank pump which ramped it from lows to highs within a few months. All that hope - and then some - has now apparently faded. The General Business Conditions expected six months forward dropped to its lowest level since March 2009. What is perhaps worse, given the focus on jobs jobs jobs, is that for the first time since April 2009, the employment outlook for employment turned negative - suggesting firms are looking to reduce employees at the fastest rate in over three-and-a-half years. The hopium seems to have been depleted...




Date: Bloomberg

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Thu, 11/15/2012 - 10:16 | 2983733 So Close
So Close's picture

I'm givin her all I can capin!

Thu, 11/15/2012 - 10:24 | 2983782 AU5K
AU5K's picture

Its Sandy's fault.

Thu, 11/15/2012 - 10:24 | 2983783 aint no fortuna...
aint no fortunate son's picture

You're doing great scotty... was it you that just jacked up the EURUSD on the news, or Captain Ben?

Thu, 11/15/2012 - 10:46 | 2983875 slaughterer
slaughterer's picture

There is a sexy Princeton post-doc currently doing a biography of the Bernanke with total access.   They were seen playing chess together at the Marriner Eccles VIP lounge playing footsie under the table.   Word is that the Bernanke is re-thinking his tenure as Fed Chairman with the convenient sex scandal red card.   

Thu, 11/15/2012 - 10:53 | 2983900 aint no fortuna...
aint no fortunate son's picture

what's the guy's name?

Thu, 11/15/2012 - 11:07 | 2983973 derek_vineyard
derek_vineyard's picture

made it until election day...thats all that was required

Thu, 11/15/2012 - 14:53 | 2984995 _ConanTheLibert...
_ConanTheLibertarian_'s picture


Thu, 11/15/2012 - 10:57 | 2983918 TrumpXVI
TrumpXVI's picture

Any more QE & Hopium and the dilithium crystals are gonna' BLOW!

Thu, 11/15/2012 - 10:17 | 2983735 icanhasbailout
icanhasbailout's picture


Thu, 11/15/2012 - 10:19 | 2983740 So Close
So Close's picture


Thu, 11/15/2012 - 10:19 | 2983744 mrktwtch2
mrktwtch2's picture

fine but we will bounce today..

Thu, 11/15/2012 - 10:21 | 2983764 GMadScientist
GMadScientist's picture

Yo-Yos don't actually "bounce", they're pulled up by the friction on the string.

Thu, 11/15/2012 - 10:43 | 2983796 Beam Me Up Scotty
Beam Me Up Scotty's picture

Im waiting for the baseless rumors that the Fiscal Cliff has been resolved to make the algos ramp like rumors that Europe has been fixed did.  Those should start flying in the not to distant future too.

Thu, 11/15/2012 - 10:20 | 2983747 HedgeAccordingly
HedgeAccordingly's picture

the "walk away" sell off .. no one getting short.. just exiting altogether 

Thu, 11/15/2012 - 10:20 | 2983748 new game
new game's picture

dirty shirt, dirty needle; just not looking good....

Thu, 11/15/2012 - 10:20 | 2983751 firstdivision
firstdivision's picture

Bernak is sexting women now in hopes of having to resign before there's a fire sale on pitch forks and torches.

Thu, 11/15/2012 - 10:22 | 2983765 fuu
fuu's picture

He could just sign one of the secession petitions and get deported. As a hedge to the sexting thing.

Thu, 11/15/2012 - 10:22 | 2983774 edifice
edifice's picture

It'll be like prospecting for gold in the 19th century... The guys who sold the supplies made all the money. Long pitchforks and torches. Hedging with tar and feathers.

Thu, 11/15/2012 - 10:25 | 2983791 HurricaneSeason
HurricaneSeason's picture

And go on his $100,000 an hour speaking tour before the dollar loses half it's value and he cant buy a million acre ranch outside the country. He was crying after the election because he "won" and it wont be fun.

Thu, 11/15/2012 - 10:20 | 2983753 bania
bania's picture

This wouldn't happen if we used dihopium crystals.

Thu, 11/15/2012 - 10:20 | 2983755 TheSilverJournal
TheSilverJournal's picture

Hope might be gone, but this bursting of this bond bubble will bring lots of change...

Thu, 11/15/2012 - 10:20 | 2983756 edifice
edifice's picture

The "Recovery" is the largest dead-cat-bounce... Ever...

Thu, 11/15/2012 - 11:25 | 2984075 OneTinSoldier66
OneTinSoldier66's picture

It's what happens when the money changers manage to hoodwink the entire world into being on irredeemable fiat currencies, have banks backstopped by government, have a free-for-all debt-is-money credit expansion, and then deem it all as being TBTF. This gives bankers the capability to blackmail nations into submission, hence...


Banker: "Bail me out, again and again if necessary, so that I get my multi-million dollar bonus or I guarantee your economy will crash!"


Politician: "Yes master. Need to drop Mark-to-Market or Generally Accepted Accounting Principles? I can help you do that master. Anything you want my master. QE3Infinity or whatever you need my master!"


The TBTF banksters, who own the government, have made certain they get their FDIC Government Insured Bonuses no matter what happens!

Thu, 11/15/2012 - 10:21 | 2983761 TwoHoot
TwoHoot's picture

Didn't the Obama people suspend the rules for announcing layoffs before the election? Businesses are just catching up with what was planned but not announced.

Thu, 11/15/2012 - 10:35 | 2983828 Urban Redneck
Urban Redneck's picture

The rules requiring the announcement of pending or even possible cuts for Gov, contracts are still suspended until the fiscal cliff is passed and cuts become official.  So we're not even playing catchup yet...

Thu, 11/15/2012 - 10:21 | 2983763 swissaustrian
swissaustrian's picture

Manufacturing and employment is for the Asians.

Printing is the name of the game for the Western World.

Thu, 11/15/2012 - 16:11 | 2985368 madcows
madcows's picture

um, Japan has more treasury debt than we do. 

Thu, 11/15/2012 - 10:22 | 2983770 Quinvarius
Quinvarius's picture

I am compelled to comment...BTFD!

Thu, 11/15/2012 - 10:22 | 2983771 Zero Govt
Zero Govt's picture

"..firms are looking to reduce employees at the fastest rate in over three-and-a-half years.."

nothing to do with the Congressional tax and insurance tsunami on its merry way in 2013

you can always look to the bloated parasites in DC for help towards enterprise in a recession

Thu, 11/15/2012 - 10:22 | 2983772 Cursive
Cursive's picture

Less employment --> less work -->  less productivity -->  less goods and services --> smaller economy.


The "New" Normal, brought to you by an avalanche of debt and pulled forward demand.

Thu, 11/15/2012 - 10:25 | 2983787 Timmay
Timmay's picture

Agreed. "Win the Future" was more like "Spend the Future".

Thu, 11/15/2012 - 10:35 | 2983832 LMAOLORI
LMAOLORI's picture



hehehe I think this is funny as hell 

Reid takes Social Security off the table



The 49 Percent That Defeated Romney: Young Voters


Thu, 11/15/2012 - 10:23 | 2983776 HurricaneSeason
HurricaneSeason's picture

90% of the worlds hopium comes from Afghanistan.  There will be a shortage when we pull out and the Taliban burn the crops.  The new hopium will come from California, Colorado and Washinton State. Good jobs compared to road resurfacing costs and solar panel costs.

Thu, 11/15/2012 - 10:32 | 2983818 tradewithdave
tradewithdave's picture

Don't give up hope now.  We're still working on a plan for the cats now that the people's pensions are taken care of. Never fear... Homer Simpson Bowles is here.  "Dough" will follow soon.



Thu, 11/15/2012 - 10:39 | 2983822 Winston Churchill
Winston Churchill's picture

Is depleted hopium the artillery round for piercing bull shit ?

Seems to work well.


Thu, 11/15/2012 - 10:38 | 2983835 Barry Mcokiner
Barry Mcokiner's picture

Do they have hopium salts?

Thu, 11/15/2012 - 10:38 | 2983843 adr
adr's picture

We move from Hopium to Forcium. You will be forced to buy stocks or the money will be taken away from you.

If you don't have a balance on your credit card, it will be added unless you buy stuff.

Hope is always followed by the point of a gun.

Thu, 11/15/2012 - 10:45 | 2983871 SKY85hawk
SKY85hawk's picture

Links, please!

ObooBoo will be seen to be relatively ineffective from here on.


Thu, 11/15/2012 - 10:39 | 2983845 Rip van Wrinkle
Rip van Wrinkle's picture

General Business Conditions expected six months forward dropped to its lowest level since March 2009


But, but, wasn't that when the recovery started? And doesn't it mean that things can only get better from now on? O'Bamy said everything was fixed.

Thu, 11/15/2012 - 10:43 | 2983860 Shizzmoney
Shizzmoney's picture

The system is crumbling. 

The punditocracy, paid by their elitiest overlords, refuse to acknowledge it. 

Corporations, whose only reason for survival is by abusing the system, refuse to acknowledge it.

Workers, who are over stresssed due to the over-finanicalization of their economies, stick their heads in the sand, refuse to acknowledge it. 

Central banks, who flood the system with worthless money that never hits the hands of the people, refuse to acknowledge it. 

Money is the lifeline of any stable economy.  The currencies of the world, are dirty, sick, and corrupt.....and no currnecy moreso than the US Dollar.

The Mayans talked about when the 13th Baktun ends that "the world would shift".  Terrence McKenna predicted that the world speeding up would eventually lead to a explosive crash. The 4th Turning is coming. 

Hedge accordingly.


Thu, 11/15/2012 - 10:47 | 2983880 slaughterer
slaughterer's picture

Silver bitchez! ...   Uh wait.  Nevermind.  

Thu, 11/15/2012 - 10:54 | 2983904 wagthetails
wagthetails's picture

as negative as i am...the charts say to BUY BUY BUY.  wish i leveraged everyhing i owned to buy stock in march of 2009. 

but i still think this is different.  we won't pop back from this so quickly.

Thu, 11/15/2012 - 11:17 | 2984027 Shizzmoney
Shizzmoney's picture

The "effect" of QE on stocks wanes each times they do it.....you are right that in 2009, 2010....that stocks were a BUY and those with the capital/on the inside made a killing.

However, the returns on stocks have waned from QE 1 to QE 3 to now.......and at some point, even the money printing and monetizing the debt cannot overcome the wave of fail the corportocracy has reaped for themselves.

Thu, 11/15/2012 - 12:05 | 2984262 expatincentam
expatincentam's picture

For all the whacked out, "holier than thou," pox on all their houses libertarian commenters here at zerohedge, some words from a Frenchman worth contemplating.  As a fellow traveler on the tiny libertarian train, there is much of substance here.

TO THE VARIOUS BRANCHES OF LIBERTARIANISM, whether followers of the cranky Dr. Ron "The Bane of the Fed" or hipsters swapping commodity traders’ jokes on Zero Hedge as they wink-wink-nod-nod "wait for the Titanic to sink". You who decided against opposing the Eurobama Project rather than banking on the R&R ticket who, despite all its shortcomings (whether real, perceived or invented) would nevertheless have been far more receptive to most Libertarian ideals and would have been easier to steer in the directions you favor than the Chicago Machinist will ever be, here is an enigma:

Have you ever heard about the French Libertarian Party?

Me neither. True, there’s a couple of pretenders to the title, but they are merely social clubs, where every now and then attendants get a tingling in the pants by quoting good old Ludwig Von Mises and Claude Frédéric Bastiat between connoisseurs. Their true distinctive feature when compared to the other French is that they won’t even bother entertaining any delusion of grandeur or relevance—they know they have no place in the French political process, and no chance to ever gain one.

So hear this, Friends of Gary the Third Party and other Principled Abstentionists: by choosing ideological purity over strategic thinking, you’ve effectively hedged your own political future in the one competing force that is most capable of propelling you into irrelevance and oblivion—as we say in France: Bravo!

Just as in France, once a majority of the US population—no matter how slim—has tasted the poisonous fruits of the State, they will demand the keys to the cornucopia and regard with disdain, scorn or hostility any soul brave or foolish enough to call it unsustainable and propose to lock the larder. The fact that you are right will not matter at all. Just as they do in France, the people will ask for more and tout de suite, never realizing or willing to acknowledge that they are effectively cannibalizing themselves and their offspring—as we’ve been saying in France for quite a while: Après moi le Déluge!

Thank in no small part to you, Obama now has more time to multiply the locusts, thus depleting your future ranks. You shall keep fancying yourselves as The Smart Ones, when compared to those Neanderthaloid Conservatives and Liberal Zombies, until one of you wonders aloud why the lights went off in the Libertarian cave, and hears only the echo in answer.

Thu, 11/15/2012 - 16:18 | 2985404 BlackholeDivestment
BlackholeDivestment's picture

Yeah, if you voted for Rosemary's Baby; now turned Masonic (g)od ''Apollyon 2012'' the Gray Horse, getting kicked in the ass, for admitting it, is required from now on. LMAO.

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