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Spot The Government-Subsidized, Channel-Stuffed "Recovery"
Compared to previous V-shaped recoveries, this one is not looking too rosy. From consumption to GDP, and from retail sales to consumer sentiment, the following charts show how we are doing in context. So, the next time someone on TV tells you how great we are doing, perhaps a glance at these charts will flush some of the recency bias away. There is one bright shining 'better than any other recovery' segment though... one that is dominated by record levels of stuffed channels - can you guess?
Charts: Barclays
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I sure need me a new car.
McDrive babeh.
Talk about stuffing! There was a hearing in the House on the FHA with Democrats arguing to keep it the same always. But this person has a good writeup of how government helped cause the problem in the first place and just wants to keep it foot stomped down.
http://confoundedinterest.wordpress.com/2013/02/06/mortgage-purchase-app...
Well, how else you think they kept GM in bussiness?
Not that I disagree with the article, but one really needs to know what was done 'to adjust for inflation' to evaluate the information.
Frankly, I am a bit dubious that things are as good as is represented, although I really don't get out much.
Ever wondered how every 17yo is driving a Lexus these days?
It´s a well known bubble for some time now. The new sub-prime besides student loans and mortgages once again, cause we all know that even a donkey..
Things don´t look that good to me if I see these charts.
I do have another song to cheer us all up a bit though:
http://www.youtube.com/watch?v=8Ts2U1mkfz4
Rick Astley -- I have not heard one of his tracks in years.
One of my favourites. Girls...the club scene...by God, the Eighties shall live forever...
http://www.youtube.com/watch?v=BeyEGebJ1l4&sns=em
Twas actually the Beatles: Baby you can drive my car.
But I thumbed you guys up anyway for knowing your classics (and man, need to make a gif of the girl in that clip. That or Rick pulling his shades up n down)
HoaX -- your avatar...Rick Astley, no ?
Classic Beatles -- but I repeat myself. And Fredo, Astley's tracks do bring back memories of nightlife past. Do you still have your Wayfarers ?
+1, gentlemen.
Yeah it´s Rick Astley, took me a while to make him loop properly.
Nice work, HoaX.
Classics indeed - I shall have to post a few more, from time to time. Some youngsters may have no idea who Prince, Billy Ocean, Sylvester, or Cameo were...Cheers --
http://www.youtube.com/watch?v=oRsmpQRbeuM&sns=em
Cameo---- the only time in 400 years that a cod piece did not seem strange at all /s
Murray Head.
http://www.youtube.com/watch?v=P9mwELXPGbA
My. That blonde in the bikini is just beautiful. Wonder what she looks like today?
Oh, not to digress, but there was something in the news eight or ten months ago about the woman who played the teacher in van halen's video. She's now in her sixties, but has aged incredibly well:
http://guyspeed.com/van-halen-video-hot-for-teacher/
Weeds!
Weeds growing up around cars.
Farmers fields and empty lots used for storing unsold inventory.
Talk about cash for clunkers! Some of these will be years old before they find buyers.
Or most probably crushed and reused as scrap to build newer ones!
"Busboy required on lot #243!"
Soooooo many foreclosures worth LESS than the land they're sitting on. Why? Because removing a whole house costs money. The banks are going to regret holding onto these deteriorating monstrosities. A home without a homeowner has no raison d'etre and quickly decays.
Everybody is trying to re-inflate the bubble.
The bads news.
Humpty Dumpty had a big fall.
And his brains are all over the pavement.
http://www.angrysinner.blogspot.kr/2013/02/yesterday-dragon-lady-served-steak-for.html
Corzine's parts were all over the pavement too, but they sewed him back together like Frankenstein, and today he is better than ever.
BRING IT ON!
Government motors for the election win!
Is it too late for me to get an Obama phone? OK, I'll just take some free minutes.
I wonder what the personal consumption ceiling is before spending reaches stall speed and they are forced to release the inflation on the economy through wages speeding everything up.
can I use my EBT card for my $700/month 2013 Escalade payments?
Depends- what color is your EBT card gold, or platinum? Platinum members are allowed an escalade plus an iphone upgrade every 6 months
Payments for something they'll never own. We're talking lease payments, which after the required upfront deposit (non-refundable) get turned back in at the end of the lease.
Everyday I just invest a little bit more in myself. When things finally get "Fucked up enough" all any of us may have is ourselves ...
Take your life back, turn off the TV.
And turn off the computer as well?
I'm giving up teh interwebs for Lent.
Me too. I turned my computer off last Saturday and put it back in the box. And I haven't turned it on since. Honest.
I've stop explaining that the US Dollar is a "NOTE" not money.
Shit, it says it on every US Dollar denomination.
They look at me like I'm crazy!
Fuck them all, like you my new strategy is to "... invest a little bit more in myself"
Thats the stuff +1
The best things in life are free
Read great literature, study history, and best of all see the entire library of all the great films ever made (all free on the piratebay- enjoy while it lasts!)
http://rogerebert.suntimes.com/apps/pbcs.dll/section?category=greatmovie...
http://rogerebert.suntimes.com/apps/pbcs.dll/section?category=REVIEWS08
Buy silver, ammo and beer.
Stay thirsty my friends.
Are they making engine blocks out of tungsten these days ? Aluminum can barely pick it's head up off the 09 collapse lows despite all the great car truck sales going on out there.
2001 and 2008 are pretty much non-recoveries. I wonder why that is? Couldn't be the cumulative mountains of debt, huh?
Peak Oil and falling EROI.
USA basically crewed up in the 60's, both economically and socially. everything since then is just a game involving expansion of credit and corruption.
In the 90's it was the stock bubble led by tech, then it was the real estate bubble (to cover the damage done by the tech bubble), and now it is the government debt bubble to fix the real estate bubble.
I guess my take is that this is the last hurrah and will end in tears.
Couldn´t help myself.
http://www.youtube.com/watch?v=gvarxGzIU3M
Get out of my dreams!
Not to bust your balls, but if you're going to provide a link to another site, especially to a video then at least jot down a synopsis. I like to know what I'm about to look at. No discription = I'm probably not going to click.
Know your classics, the description is in my text (hint, I only link songs generally, hence my avatar).
Btw, youtube is generally safe, just so you know I´m not spamming my own blog or shite.
Cheers anyway.
Anyway, here´s some non-song youtube link for ya, maybe it will lighten you up a bit? http://www.youtube.com/watch?v=EffPnse4WQs
In five years, we are going to remember this as the good old days.
when we drove our Trabants in the snow, uphill....both ways.
The GM bailout is paying dividends to the corrupt gov at the expense of the good ol' taxpayers.
Imagine if gasoline, which doubled since 2009, wasn't counted in retail sales. If the charts are inflation adjusted, what numbers did they use? Real inflation or the understated is an understatement government sponsored inflation number?
Considering most retail sales are self reported, you need to take that with a grain of salt as well.
Car sales are aslo the sales reported to dealerships, not sold to consumers. Judging by the overflow on most lots, a whole lot of the inventory produced in 2012 is still sitting there.
My local VW dealer still has 35 2012 Beetles, that would be last year's model. They even offered 72 months 0% on them, ended up selling four. I guess not everyone can be GM and sell a car to anyone with a pulse, preferably without any cash in the bank.
I'll buy one of those cars when they discount them 75% to get them off the lot.
As I just posted in a prior thread, the only requirement to buy is the ability to make one payment. After it gets repo'd, you can go back and do it again.
I think you can beat 75% with that.
Hang on folks. Deflation is right around the corner. And with this comes disappearing jobs and vanishing pensions.