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Where Did All The Hope Go?

Tyler Durden's picture





 

Following last night's expectations-filled State of the Union speech, we know that housing is rebounding and our stock market is rising but while these are pointed to as evidence that we are on the right track, it appears, from these three charts, that expectations for hiring, capital expenditure, and retail spending is bad and getting worse. Of course, the divergence between our current market's reality and an uncertain future is nothing new - but the spread is starting to become untenable as even with stocks at five-year highs, confidence remains weak. Simply put, the people know reality and only the talking-heads choose to ignore it.

Hiring Expectations are fading fast...

 

Capital Expenditure plans have rolled over and real spending is following...

 

and just as CEO expectations for retail sales rolled over - they were right - and retail sales growth is slowing rapidly...

 

it seems the only place where 'hope' is priced is the nominal price of the S&P 500...

 

Charts: Bloomberg Briefs

 


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Wed, 02/13/2013 - 09:54 | Link to Comment 100pcDredge
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It went to the secret supermarket to get the final Twinkie.

Wed, 02/13/2013 - 10:03 | Link to Comment notbot
notbot's picture

My hope is gone.  I can't believe I have to listen to four more years of stupid. 

Wed, 02/13/2013 - 10:09 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Don't fight it...just join the Cloward and Piven cult and take the lobotomy.

 

You'll won't feel better.....but you won't really care either.

Wed, 02/13/2013 - 10:19 | Link to Comment Sudden Debt
Sudden Debt's picture

they say mindless people feel better and are more happy...

http://www.youtube.com/watch?v=4SXLffvBpTY&sns=em

 

well...

 

after watching it myself...

I dissagree...

Wed, 02/13/2013 - 11:25 | Link to Comment krispkritter
krispkritter's picture

Hope got nailed in the backseat of the Choomwagon and is now knocked up and currently sitting on the couch watching Dr. Phil while drowing her woes in EBT-supplied Diet Coke and bon bons...4 years? Hell, I can't take another 4 minutes of this crap...

Wed, 02/13/2013 - 11:30 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

I suggest you take a break and see if Cabelas has any new ammo shipments.....something to take your mind off the time.

Wed, 02/13/2013 - 12:11 | Link to Comment espirit
espirit's picture

Ah yes, one in the hand will protect the Eagles in the other.

Wed, 02/13/2013 - 10:12 | Link to Comment Yes_Questions
Yes_Questions's picture

 

 

Only to be followed by four moar

Wed, 02/13/2013 - 11:30 | Link to Comment Woodyg
Woodyg's picture

It wasn't Hope and Change - it was Hopeless In Chains -

Corporate fascism financial coup d'état - housing? Not average owner occupies buying houses - it's large funds and the banksters buying the houses up for a 1/4 of the list price -
TPP - follow the loosest labor and environmental laws and corporate predators can then sue localities for the cost of said laws - race to the bottom and codification of corporate rule and pure destruction of the sham called democracy.
And it's not just 4 more years of a fascist bastard - lets count - prior to the oilybomber 8 years of the bush crime family and the false flag event called 9-11 that redefined the world. Clinton and his merry band of fascist banksters - 12 years of the bush crime family prior to Clinton - and on and on it goes -
The true problem is we already ravaged the easy pickings in the 3rd world - now it's our turn -

Wed, 02/13/2013 - 11:30 | Link to Comment I am more equal...
I am more equal than others's picture

My only hope is that I live long enough to watch the firing squad shoot these lying manipulating mother fu*kres.  Unfortunately, I'll be shot long before sense becomes common. 

Wed, 02/13/2013 - 09:55 | Link to Comment docj
docj's picture

It would be easier to count the things King Putt said last night that weren't blatant, in-our-faces lies.

Wed, 02/13/2013 - 10:41 | Link to Comment NotApplicable
NotApplicable's picture

Not in my face. If it weren't for the internerds, I'd had no idea that O'bummer was waving his lips about anything.

Pointless rhetoric is pointless.

Wed, 02/13/2013 - 11:10 | Link to Comment Etsh
Etsh's picture

What, you didnt realize that because of Obamacare health care costs are now coming down?

Wed, 02/13/2013 - 09:55 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Relax, Ben's got this.  It must be your lying eyes.

Wed, 02/13/2013 - 10:24 | Link to Comment Cdad
Cdad's picture

Where is the hope? It is in the big banks and the criminal syndicate known as Wall Street.  I hear that hope has been collateralized and is on offer in package form.  Later on this year, I am hearing that there will also be an ETF offering, HOPE, and that the ETF will track fund flows to the Bahamas.

Additional:  HOPE most certainly is not in the Iron Ore sector, as CLF implodes again, cuts its dividend, offers preferred shares, and generally pays for malinvestments.  Once again, the guys over at the Active Bear Fund HDGE hit another home run [that is about the 8th or 9th this quarter, all positions in their top ten holdings].  At some point, the arb trade is going to break there...and that dog is going to have one hell of a redemption day.

Wed, 02/13/2013 - 09:56 | Link to Comment LongSoupLine
LongSoupLine's picture

The fucking "hope" was shit out of obama's ass, monetised, and given to the fucking banks.

 

Fuck you obama, fucking chicago propaganda shitting fuckstick.  I hope someone jams a fucking telepromptor filled soap box down your fucking neck you prick eating asshole.

Wed, 02/13/2013 - 09:59 | Link to Comment clagr
clagr's picture

Don't hold back. Why don't you tell us how you REALLY feel?

Wed, 02/13/2013 - 10:29 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Ohhhh crap.

Wed, 02/13/2013 - 10:02 | Link to Comment Sudden Debt
Sudden Debt's picture

maybe if he started giving 3 hour mindless speeches hope would return?

WE ARE GETTING INVOLVED into your lives in a way you can't believe...

AND WE'LL PLAY A BIGGER ROLE IN YOUR LIFE as you'll be working mostly to pay your taxes...

BUT REMEMBER THERE'S NO EASY WAY OUT OF THIS because we'll be monitoring your every move...

 

Wed, 02/13/2013 - 09:58 | Link to Comment Sudden Debt
Sudden Debt's picture

well... hope is at 1650$ right now...

Wed, 02/13/2013 - 10:51 | Link to Comment NotApplicable
NotApplicable's picture

while change is at $31.

Wed, 02/13/2013 - 09:59 | Link to Comment Sudden Debt
Sudden Debt's picture

GLOBAL FREE TRADE WILL SOLVE IT ALL!!!!

unless everybody does it...

Wed, 02/13/2013 - 10:02 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Yes, I often wondered how the earth was going to settle it's account balance.  Gold from Mars?  What are we selling them?

Wed, 02/13/2013 - 11:08 | Link to Comment Sudden Debt
Sudden Debt's picture

we've send them multi billion dollar robot toys...

IT'S CALLED THE "CHINA TAKE OVER THE WORLD TRICK THROUGH PLASTIC TOYS"!!

SO NOW WE OWN THEM!

Wed, 02/13/2013 - 10:02 | Link to Comment HD
HD's picture

"Where Did All The Hope Go?"

There was never any hope - just propaganda. People may be ignorant of the realities of politics and financial markets but they can see what is happening to their own security, opportunities and civil liberties.

Printing trillions and giving it to the top 0.01% does not fix a damn thing - and even ignorant debt slaves understand that. It doesn't matter what the media proclaims, or politicians promise - reality is reality when you live hand to mouth.

Wed, 02/13/2013 - 10:38 | Link to Comment CheapBastard
CheapBastard's picture

Moar zero down loans so people can live beyond their means...moar EZ-to-get Student loans for those social science degrees....moar credit cards in the mail again....tyring to revive happy times on exhaust fumes....

Wed, 02/13/2013 - 10:51 | Link to Comment tango
tango's picture

As one of the Tylers has pointed out, higher gas, food, rent prices and a return to the former SS rate dictates that folks will hit the debt button again. I can't figure how someone with an average income is making it without living paycheck to paycheck.  Then again, if someone had ever told me we would pay such huge amounts for phone or TV I woud have laughed. 

Wed, 02/13/2013 - 10:04 | Link to Comment Water Is Wet
Water Is Wet's picture

Today will be another day of manipulation in the markets.  Yesterday featured a state pageant so the market needed to be maintained to present the right atmosphere for the pageant.  Today the market must be maintained to present the appropriate atmosphere for permeating the correct reaction to the pageant.  As for upcoming days which will not see the mandatory implementation of behavioral finance, ....

Wed, 02/13/2013 - 10:03 | Link to Comment new game
new game's picture

I am now thinking the hope comes down to being is a state that says goodbye you fed fucks.

we are our own soveriegn nation and there is now 49 states left to avoid with a passion.

strict border control with anyone from ca or ny allowed to enter for visits only!

Wed, 02/13/2013 - 10:06 | Link to Comment Whiteshadowmovement
Whiteshadowmovement's picture

I wish there was honestly 1 state that had the balls to secede. A dissolution of the Union might be the only real game changer. 

Wed, 02/13/2013 - 10:11 | Link to Comment new game
new game's picture

texas and/or oklahoma(maybe wyoming) only chance i see. not over run by libtards yet...

Wed, 02/13/2013 - 10:24 | Link to Comment semperfi
semperfi's picture

Or a seccession bloc:

Idaho-Montana-Wyoming-Utah-AZ-Dakotas-Nebraska-Okla-Texas-Kansas.

I don't know what to do about Colorado & New Mexico since they suck and are in the middle of this bloc. Ideas?

Wed, 02/13/2013 - 11:14 | Link to Comment earleflorida
earleflorida's picture

"NSA Utah Data Center: Biggest-ever, domestic spying Lab? [3/17/12]

http://www.rt.com/news/utah-data-center-spy-789/

*Construction was started way back in late 2005 and should be completed in late 2013... Nice!!!

 

Wed, 02/13/2013 - 11:05 | Link to Comment Whiteshadowmovement
Whiteshadowmovement's picture

As much as I love Texas, everything is bigger there, including the talk. At the moment its nothing more than a catchy slogan to put on a belt buckle. I would love to see it, but its a beautiful dream that I dont think will ever happen. Not only will TPTB never allow it as North America has become far too integrated, besides what will they do with all the Yankees that moved there in the past decade?

Wed, 02/13/2013 - 10:53 | Link to Comment tango
tango's picture

Just wait.  All it will take to start the ball rolling is a California or Illinois or New York going belly up and the other states bailing them out to start the talk.  Texas could attract several surrounding states and probably will is things continue to the logical conclusion. 

Wed, 02/13/2013 - 12:07 | Link to Comment earleflorida
earleflorida's picture

'two can tango...'yesknow?

Wed, 02/13/2013 - 10:24 | Link to Comment new game
new game's picture

like a reverse prison - keep the libtards out, expell anyone that doesn't own a gun and know how to use it. strict adherance to the constitution, border controls with cordgible visits :), no wars on anything-drugs legal/strong rehab, unions with no collective bargaining, and so on. flat tax with government bound by exact amount collected from taxation-one flat ass tax on everything-more u consume the more you pay.

Wed, 02/13/2013 - 10:32 | Link to Comment new game
new game's picture

done dreaming, back to reality- (as you shake me) wake up, WAKE UP!

 

Wed, 02/13/2013 - 16:35 | Link to Comment tango
tango's picture

The more tightly defined the rules, the more authoritarian regime.  It's happened too many times to count.  Most social contracts evolve naturally for a reason - family, unions, government, schools, owners, workers, etc - and rigid rules never solved a thing.  Accepting or rejecting folks based on ideological purity has never - and will never - work for the obvious - nobody can be as pure as me.  

Wed, 02/13/2013 - 10:29 | Link to Comment Winston of Oceania
Winston of Oceania's picture

What about out here in the West Virginia part of NY? ie Finger Lakes Region

Wed, 02/13/2013 - 10:05 | Link to Comment mess nonster
mess nonster's picture

We are at war with Eastasia. We have always been at war with Eastasia.

Wed, 02/13/2013 - 10:27 | Link to Comment Winston of Oceania
Winston of Oceania's picture

I've been saying that for like soooo long...

Wed, 02/13/2013 - 10:06 | Link to Comment SheepDog-One
SheepDog-One's picture

You can only pump the bubble so full before something blows out.

Wed, 02/13/2013 - 10:24 | Link to Comment ShorTed
ShorTed's picture

Obama blows.  Does that count?

Wed, 02/13/2013 - 16:39 | Link to Comment Borrow Owl
Borrow Owl's picture

No.

I just had a horrific mental image of Hillary's balls bouncing off of his chin.

I think I may be scarred for life.

 

Wed, 02/13/2013 - 10:07 | Link to Comment holdbuysell
holdbuysell's picture

GE, a bell weather, announced a multi ten billion dollar accelerated timeline stock buy back. That money WON'T be used for CapEx.
You have GOOG's Schmidt selling nearly half of his Google stock worth 2.5B.
Of course, no one will have seen it coming.

Wed, 02/13/2013 - 10:11 | Link to Comment mess nonster
mess nonster's picture

Anyone buying anything except ammo, seeds, draft animals and remote arable land with defensible characteristics, they aren't seeing it coming.

Wed, 02/13/2013 - 12:40 | Link to Comment espirit
espirit's picture

Concur.  Best to practice a bit in all those aspects because "having" them without knowledge to utilize is at best a novelty.

...and try it without electricity.

Wed, 02/13/2013 - 10:11 | Link to Comment sudzee
sudzee's picture

There is a glimmer of hope left. Minimum wage going up to 4 - 1964 dimes. Maybe wages will continue up to equal 1913 levels.

Wed, 02/13/2013 - 10:12 | Link to Comment NumberNone
NumberNone's picture

Hope is inflating the stock market to 20,000 with fiat currency and hoping people it believe means that everything is great in the U.S. 

Wed, 02/13/2013 - 10:15 | Link to Comment semperfi
semperfi's picture

I know I'm preaching to the choir here but: 

The hope is just a deception, manipulation, a grande lie, that fooled enough idiots, including a lot of my relatives who are so gullible they still believe it today.   

Wed, 02/13/2013 - 10:25 | Link to Comment TrustWho
TrustWho's picture

The hope is Obama's hope. His hubris does not allow him to thank all those who hoped he cared about them.

Wed, 02/13/2013 - 10:29 | Link to Comment Falconsixone
Falconsixone's picture

Bil Ayers Quotes :

 

  • "We are a guerrilla organization. We are communist women and men ... deeply affected by the historic events of our time in the struggle against U.S. imperialism."
  • "Our intention is to disrupt the empire, to incapacitate it, to put pressure on the cracks, to make it hard to carry out its bloody functioning against the people of the world, to join the world struggle, to attack from the inside."
  • "The only path to the final defeat of imperialism and the building of socialism is revolutionary war."
  • "Revolutionary war will be complicated and protracted. It includes mass struggle and clandestine struggle, peaceful and violent, political and economic, cultural and military, where all forms are developed in harmony with the armed struggle."
  • "Without mass struggle there can be no revolution. 
    Without armed struggle there can be no victory."
  • "We need a revolutionary communist party in order to lead the struggle, give coherence and direction to the fight, seize power and build the new society."
  • "Our job is to tap the discontent seething in many sectors of the population, to find allies everywhere people are hungry or angry, to mobilize poor and working people against imperialism."
  • "Socialism is the total opposite of capitalism/imperialism. It is the rejection of empire and white supremacy. Socialism is the violent overthrow of the bourgeoisie, the establishment of the dictatorship of the proletariat, and the eradication of the social system based on profit."
Wed, 02/13/2013 - 10:33 | Link to Comment shovelhead
shovelhead's picture

I still have hope.*

 

*I hope I don't end up in a frozen lasagna.

Wed, 02/13/2013 - 11:17 | Link to Comment new game
new game's picture

best to keep an eye on your horses first

Wed, 02/13/2013 - 11:04 | Link to Comment Tombstone
Tombstone's picture

Hope was the password that got 'em in the door and now change has become "chains" where the gov enslaves the rummys who believed it all in the first place.

Wed, 02/13/2013 - 11:23 | Link to Comment earleflorida
earleflorida's picture

hope is the change in ones pocket-- avoid at all cost rubbing twowoodden't??? nickles together for fear of spontaneous combustion when your empty pockets serve only as hand warmers...

Wed, 02/13/2013 - 11:12 | Link to Comment rosiescenario
rosiescenario's picture

The Hope CHAnGed

Wed, 02/13/2013 - 11:32 | Link to Comment MFLTucson
MFLTucson's picture

Where Did All The Hope Go?

It was all just a lie, you are surprised?

Wed, 02/13/2013 - 12:11 | Link to Comment Shizzmoney
Shizzmoney's picture

All of that "hope" is sitting in corporate balance sheets:

While corporate profits are booming, debt relative to corporate net worth is actually still very high. In fact, corporate debt relative to net worth is just shy of recent highs and still extremely high in terms of the last 50 years. Now, this doesn’t mean corporations are necessarily so weak that they can’t spend and invest, but it does throw some cold water on the idea that corporate America is benefiting from the recent surge in profits and just refusing to contribute to the recovery.

http://ftalphaville.ft.com/2013/02/13/1384802/on-cash-hoarding/?

So basically, all of these "profits" corporates are reporting, are really just really huge lies.  They are using these "profits" to take on more debt, and then using that debt to buy up commodities and acquisitions to expand the assets they "own" on their balance sheets (and then, higher up execs and managers take what they can off the top).

In essense, they are refusing to contribute to the recovery with these "gains".......but are doing so in a sort of survival mode by buying up their own shares to feign "growth", or outsourcing labor to China. 

You'll never hear this from corporates during this "recovery" - so you serfs out there, just keep your head down and go back to work (for a lesser wage that valued in USD that is worth less)!

This isn't the hope and change you are looking for.

Wed, 02/13/2013 - 11:46 | Link to Comment Sach Mahoney
Sach Mahoney's picture

More like Hope and Blame.  We don't have a spending problem, but I hope I can confiscate all of your money real soon and I Blame Bush, Big Banks, Big Oil, Big Insurance, the House, the weather, the EU, Asia....

Wed, 02/13/2013 - 14:35 | Link to Comment Falconsixone
Falconsixone's picture

Joseph Stalin: When we hang the capitalists they will sell us the rope.

 

or did he say Hope?

Wed, 02/13/2013 - 14:56 | Link to Comment Miffed Microbio...
Miffed Microbiologist's picture

Today was the first day I met someone with true hope in many years. I had my vet out to float my horses teeth and he told me quite a tale. 10 years ago there were 15,000 horses in our area of San Diego, vet business was booming. Today there are now 2500 horses. He puts more horses down per week than provides care ( hmmm I think I found the source of the horse meat scandal). I started to feel really bad for him until he said the international vet market is exploding. Vets with good skills in race horses, grand prix jumpers and Olympic equestrian teams are hot ticket items. The 0.1% are dumping money in this area sinking millions in a single horse. He is flying all over the world. China, Kuwait, Germany. Money is no object. So my small town country vet has landed in clover and I am so happy for him. It's good to see someone find a way out of this morass. So, there is hope. That is, if you are a very very fortunate Remora that can find a shark you have Hope. Everyone else? God help you.

Miffed;-)

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