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Why December's Front-Loaded Gain Will Be January's Pain: Biderman Explains
Wondering where the somewhat out-of-character economic improvements of Q4 2012 data came from - given Sandy and the fiscal cliff uncertainty? Wonder no longer. Charles Biderman, CEO of TrimTabs, has done the data-mining and explains, quite succinctly in this clarifying clip, just what happened in Q4 2012. To wit, after-tax income saw a somewhat impressive (but "don't get too excited" he adds) post-election spike as individuals (and small businesses) front-ran expectations of tax-rises in 2013 by pulling forward income and bonuses etc. into 2012. Q4 income rose by over 6% YoY, which , he believes means Q1 2013 income will be correspondingly lower. Following an epic rant/exposition of the higher taxes US citizens will be paying, Biderman batters GDP (and the government's infinite idiocy) instead focusing on the real recession of lower after-tax take-home-pay and expects Q1 to see the US plunge with the "US economy starting out the new year on its butt!" Then, as a bonus, he destroys the nonsense myth that the US housing recovery is leading us forward.
From around 3:50 Biderman explains the recent improvements and what that means for 2013 going forward...
followed by (at around 5:00) his discussion of why the housing recovery is 'not'...
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ECB wins case to conceal Greek debt secrets Secret documents revealing the extent of the European Central Bank’s knowledge of Greece’s concealed debt issues prior to its €240bn (£195bn) tax-payer funded rescue have been withheld in a "disturbing" EU court ruling.http://www.telegraph.co.uk/finance/financialcrisis/9713651/ECB-wins-case...
Economic warfare, so easy a child could do it
DEBT REPUDIATION, YES WE CAN!
If Bider-Black is right, then short SHW. Even Robo was talking about this trade today on Wall Street Bears.
Bederman looks like shit.
Biderfag.
Don't short anything.
Don't be long anything.
Stop trading. It's not a market.
Find a way to own farmland in a venue where there might actually be enforcement of property rights, before it's too late.
when on said farm go long your wife and short the taxman.
And make sure you have enough cash and PMs to pay the property taxes...
And save-up canned goods, shotgun shells, and learn how to take-out your own appendix! Do u sleep in your bed or underneath it?
That's an easy one- 30 times earnings, wait til their report at the end of the month and find out they're explaining slowing revenue........
Well you must be fucking retarded to bring a case before the European "Court" of Justice, as there are no actual judges there :). They are bureaucrats (read tools) of the European Council and/or Commission. Some the judges are:
Endre Juhász of Hungary, whom gratuated from the famous ! Szeged Law School at an unknown date joing the ranks of the communist aparatus afterwards
Eleanor Sharpston, which is an economist
Alexander Arabadjiev - google his picture :)
The list goes on.
This is not a court, its a joke, a tool of the Commission and Council.
I called my poor old mother.
I asked if there was any hope.
She hit me with her favorite Neil Diamond album.
http://www.angrysinner.blogspot.kr/2013/01/yesterday-dragon-lady-served-egg-rolls.html
Biderman is good to listen to.Amusing,thoughtful and well versed in the ongoings of that crossroad of economy and politics that increasingly is contemporary reality.He is also wrong.Dead wrong.He like so many other contributors to ZH take the absurdity at face-value and assume that this will implode by it´s own sheer weight.I may very well but Biderman and associates believe this will happen ...like this year or at the latest 2014.They are wrong.Dead wrong. What we now can observe is the ongoings of socialism.Distilled concentrated ultra evil socialism.It´s well cloaked and masked but that is what it is.There is no historical precedent that a socialistic corporativistic system just keels over and suddenly dies after 4- 8 years.On the contrary it has taken the lenght of average life span of a citizen before it just slowly withers away.And what´s left is not pretty.
Boris Jeltsin once stated correctly that a great misfortune was that radical socialism also known as communism was able to root itself in a vast country.Had it taken over - let´s say Luxembourg it would have lasted 10 - 20 years , but not so with Russia. There were so many resources to abuse in that gigantic country Russsia that spans 11 time zones.
I think the best would be that Americans and in particular the ZH´s came to realise that you are in for the long haul.The only solution is political and the imperative is to just quickly abolish all these crazy ideas out of D.C.
There is so much people and so many resources to suck dry before this ends by itself.The weight of historical evidence shows that opinion has always underestimated the strength in manipulation,debt,forced work or outright confiscation and eventually armed conflicts and other government GDP multipliers.
This can will and can be kicked down the road for a long,long time.
That is exactly why we see the push for icreasing integration within EU,the North American Trade Union,increased cooperation between EU and Russia.... and so on
Looks like a cave in job to me.
LOL Bye Bye Biderman's back? Listen to this guy and say Bye Bye to your money!!! LOL
I miss Uncle Charlie.
Between him and uncle larry k, it's the RR to hell compliments of your law enforcement.
To wit, after-tax income saw a somewhat impressive (but "don't get too excited" he adds) post-election spike as individuals (and small businesses) front-ran expectations of tax-rises in 2013 by pulling forward income and bonuses etc. into 2012...
That was utterly predictable. Those extra withdrawals and special dividends will weigh on stocks eventually if reality ever has its way.
Biderman? Seriously?
All i know is Mrs Rainman made a new year pledge to dump her shoe shopping addiction for a year. Look out below !
ZH: Why are you posting clips of this clown Biderman? Look how stupid he was in 2006 vs Peter Schiff:
http://www.youtube.com/watch?v=MIFGfgKHrwU
I like the video to view the bay area. Sausalito, Nor Cal and California is general is a beautiful place destroyed by horrible libtard people and idiots plus gangs including unions. Sausalito is breathtaking but it is filled with trust fund arseholes and sillycons valley money and other ill gotten loot.
The geography in CA is beautful thanks to God, Gaia, big Bang or whatever.
The people are shit and they have destroyed the state. Most are east coast transplant scum. The Dems control everything and the place will be destroyed by them and Fukashima.
When u get up in the morning, do you kiss the mirror you staring into? Face it, Freddie-boy, your a stupid redneck w/ very little education that hates people of color. Get rid of the libertards and dem's and everything I'll be peachy, right! Why am I even wasting my time typing this? Nothing good on TV!
Who mentioned people of color? Stop projecting your bigotry. CA is known bankrupt shithole now - it is a fact. Deal with it. People who make the mistake of even crossing the border into CA usually end up being taxed for something. Most of the union scum who did this are white so that blows your theory. A few of the biggest AH's I know are white Kalifornians. The nicest one is a (mexican) American and he is not a libturd.
Get back to TV doofus.
U have, moron! In past posts! When r yea running for office? Fuck man, u got it all figured out! Your obviously a legend in your own mind! Got my vote!
LOL! Nice rant. Hopefully you live in CA so you can be taxed to death and get dusted by Fukashima. If you live in CA, please stay.
Plse stay where u r! Most of the fruits and nuts in California r your friends. You see, jerk-off, most of the screw-ups in Cali are from other parts of the country. They really missed-up (where ever there from) and come here to start over. They actually, start over to screw-up again! The only difference, is they now do it in Cali. I can tell from your past posts of the last couple months that your a complete doe-doe with dog shit for brains. I'm sure were gonna see you here in Cali soon. OH, by the way, did mommie fold your underwear alright? ps. any jerk that would post his HS picture is a real dummie.
if he gets dusted in California , so do a lot of people .
a lot of people get taxed to shit in California.
Does that make you happy you stupid wanker?
Does it really matter what u say when your still at home eating your mommies cookies and not paying any rent. Blame the world and not yourself, loser! You'll feel better....
http://www.zerohedge.com/news/disinformation-how-it-works
Trolls use a wide variety of strategies, some of which are unique to the internet, here are just a few:
1. Make outrageous comments designed to distract or frustrate: An Alinsky tactic used to make people emotional, although less effective because of the impersonal nature of the Web.
3. Dominate Discussions: Trolls often interject themselves into productive Web discussions in order to throw them off course and frustrate the people involved.
4. Prewritten Responses: Many trolls are supplied with a list or database with pre-planned talking points designed as generalized and deceptive responses to honest arguments. When they post, their words feel strangely plastic and well rehearsed.
7. Straw Man Arguments: A very common technique. The troll will accuse his opposition of subscribing to a certain point of view, even if he does not, and then attacks that point of view. Or, the troll will put words in the mouth of his opposition, and then rebut those specific words.
Sometimes, these strategies are used by average people with serious personality issues. However, if you see someone using these tactics often, or using many of them at the same time, you may be dealing with a paid internet troll.
SanOvaBeach, you'd have better luck trolling on 4Chan because you are way out of class on ZH.
To borrow the words of akak; make me laugh.
Okay! Can I have your autograph before I call you a cab?
sans ovum b...h
The original version of your user name would be much more appropriate.
LLove the attention! Have a nice day!
after watching the video, he does look like a fucking idiot! nice condo in Sausalito, though...................
Thanks for the video Arkel. Watching that it is obvious Biderman just uses past data for his arguments while Shiff can predict the future. No contest. Shiff wins easily.
OT: Just ran payroll; I'm gonna have a whole lot of pissed off employees on Monday.
Thanks for saving us, cocksuckers!!
I figure for most of my folks the SS tax increase is about equivilent to a tank of gas, movie and dinner out for the month. The bigger earners, (middle managers), it is the cost of a short vacation. Gonna suck later this year when fuel goes back up and the check does not make ends meet.
... and not to talk about the new iPhone...
He avoided Citadel and Henry.
Biderman has been crying wolf (bear) for about years straight.
I had Charlie speak at a conference recently as part of an economic pannel. He rocked the house. You think he's crusty on these videos, he's 10X that in person. Crowd loved/hated him!
Your description reminded me of when Bob Hope did his Christmas special aboard my ship(USS Midway) back in 87. On camera he was clean as lily white snow, but when the camera was off he was as dirty as Chris Rock. Had us laughing so hard during the breaks that it just carried on through the stuff during the show. He sure knew how to work the audience.
If you go on Hollywood real estate websites such as realestalker there are posts almost daily of well known actors and celebs selling multi-million dollar bought properties for huge losses - sometimes a few million losses on a house.
If the US housing market was recovering then surely one of the first places we would see a recovery would be the LA celeb areas. If Hollywood actors are losing BIG money on selling their houses that is the sign of a declining housing market surely?
F Hollywood and F TV (which is done mostly in Hollywood and the same people). The nice thing about Hollywood Real Estate is it gets pretty good ongoing exposure to Fukshima.
Why anyone would want to live there near plumes of Iodine 131 and Cesium is beyond me. Blame Pelosi, Hillary (covering it up) and Obama in total denial. Maybe he gets some in Hawaii.
And last but not least, fuck you! Do you really feel big? Pounding on your keyboard, in the bedroom you grew-up in, in your underwear (of course) wondering what mommie is gonna make yea for breakfast tommorow morning!
Geez...San - sounds like the radiation has got to you already.....
Not really, jack-off! Got more than u.................. by the way. I won, asshole..........................
Your dumber than a rock! It stands out like a sore thumb that you have no understanding of how the world works. Your really that fuck'in stupid to think you could hide the fact of toxic levels of Iodine and Cesium on the West Coast of the US. Your an idiot beyond words!
And the -7 are all part of the moron squad. Have a nice day!
and chance of a transcript for those of us that don't have sound?
u need 2 take some typing lessons, slick! or perhaps some quick proof-reading before u post...................
wasnt that moron Biderman(no,he cant be Jewissh) "all-in" short stocks since sp aput 1250?
I don t like bankers, catholic , jews, protestant, islamic, mormon all the same, equal opportunity thieves. I like morons even less though.
Looks like he had a good new years party
Or constipated
Still i listen
I love the "infinite idiocy", you can feel the rage...lulz
Biderman isn't infallible, but I appreciate his input. Nice to see him get pissed, too. Santilli isn't always right but it's nice to hear him bitch too.
Here's your soundtrack Bider-butt: http://www.youtube.com/watch?v=OCUT932WytY
Is it weird that i just got a craving for spiderman towels? Anyways here is a tune with the same name as one of the most consistently douchy posters in this space. Damn fine tune....http://www.youtube.com/watch?v=6GDIkb5CDUY
Forgive me, i'm drunk.
Hi, Biderman...Where you been?
'Bout time you made it back to these parts!...
Always, good to hear from you!
I was thinking the same thing just a few days ago...
But yeah, ditto, good to hear from you Biderman.
I think i know why the IRS does not report capital gains. They only care about tax revenue, not economic analysis, and each individual sets off his losses against his gains on his schedule D. In my case, as a result of realizing losses since 2009, my net gains were zero or losses though each year sales resulted in about 10k$ in gains. I sold just enough losing positions cancel the gains. Thanks to the market and portfolio destruction that took place in 2008 i expect to be able to continue this manuever for the rest of my miserable life. I was foolish enough to own lots of bank stocks in 2007.
I'd make one more point. Corporate profits for the fourth quarter are higher than they otherwise would have been because it has been clear what has been coming in terms of higher taxes. Only fools would not have been taking proactive steps to curtail spending in advance so that they could maintain profit growth.
We have seen those changes reflected in the amounts companies have been willing to spend on invenotry building and reinvestment into expansion plans.
And despite these steps, the rate of year over year profit growth reported each quarter has sunk to i's lowest levels so far.
Once again, we are in the process of right sizing the economy based upon the public burden it is being forced to carry.
It's not going to be pretty.
I'd say that the Feds, didn't anticipate this, but then they were adamant about the extension of unemployment benefits. So I think they know.
Many ZH'ers have their ass'es so high up their ass, they are losing oxygen to their brains! But it must be fun proving it to rational folks!