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Cleanest Dirty Shirt Or Just The "Most Hopeful"?
We have shown the endless hockey-stick-like charts of hope that are the coming margin expansion, dramatic earnings growth, and revenue increases (all juxtaposed against the reality of a labor-destroying cost-cutting and growth-disabled global economy) but perhaps nowhere is the 'hope' in the US more evident when compared to the rest of the world. Around the world, analysts and strategists are comfortable marking down expectations for British, European, Asian, and Emerging Market nations but not the good ol' USofA. We cannot help but believe that while momentum in US equity markets dominates all sense and rationality, it would appear the US will struggle to realize these 'hopeful' expectations if the rest of the world is collapsing... unless of course, Mars does indeed start importing Fords and GMs.
The normalized forward expectations for EPS... Spot the odd one out!
and this as US Macro data appears to have topped out... with the biggest two-day drop in 9 months!
Chart: Credit Suisse and Bloomberg
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David Stockman Is Outraged — And A Lot Of Powerful People Won't Like What's In His New Book http://www.businessinsider.com/david-stockman-is-outraged-2013-3 via @bi_contributors
This is a history book. It’s a detailed account of the key events since the Depression that have shaped modern finance. I love history, and I’m familiar with those events. Stockman’s spin on financial history makes for a very good read. There’s something for everyone.
For example, were you troubled by the bailout of AIG, and TARP? If so, you’ll love this chapter:
Paulson’s Folly – The needless Rescue of AIG and Wall Street
Do you worry that Bernanke has overplayed his hand with monetary policy? Stockman rips him apart:
The Bernanke Bubble: Last Gift to the 1 Percent
or
How the Fed Brought the Gambling Mania to America’s Neighborhoods
Do TV talking heads influence Fed policy? Stockman says “yes”.
The Rant That Shook the Eccles Building: How the Fed Got Cramer’d
Worried about US indebtedness to foreign central banks? That’s covered in: Monetary Roach Motels
My only disappointment with The Great Deformation is that there is very little in the way of what could be done, versus what is being done. Stockman does offer up a few thoughts of what might be considered. These will get more than a few eyebrows raised on Wall Street and in D.C.:
- Abolish deposit insurance, strangle the Fed and shrink the banks.
- Adopt a Super Glass-Steagal. Abolish bailouts.
- Eliminate the Electoral College and establish strict term limits.
- A balanced budget, eliminate economic subsidies, shrink the federal government.
- Impose a 30% tax on wealth to reduce debt to 30% of GDP (assumes a $10T tax on the top 10% – think Cyprus on steroids)
- Eliminate income taxes and replace it with consumption taxes.
http://www.zerohedge.com/contributed/2013-03-30/david-stockmans-out-rage
Its because the US has Obama, no one else has such a brilliant leader, savvy business man, and honest politician, who can call on friends like Beyonce, Flavor Flav and Ice for economic solutions!
First glance and I read "cleanest dirty shit"
The biggest fish in a small pond, the prettiest girl in an ugly bunch, the most empathizing psychopath... you know, the most honest man in a bank.
We're all watching the wrong game...
The cleanest shirt has been classic cars, coins and stamps...200%+ returns over the past decade.
http://www.planbeconomics.com/2013/03/returns-on-classic-cars-fine-art-w...
Boris is learn hard lesson in youth. More is inebriated, prettier is girls. But next day, wake up sober and realize pretty girl is really fat pig.
And heavy with little Boris.
As we country boys here in USSA like to say Boris: "she wa a 10 at 2:00am and a 2 at 10:00am".
Good thing Boris is sleep until 12:00!
man that macro is forming a flag...and you know she is just getting ready to blast off to the moon, which by the way is made of cheese....
The best looking horse!
At the glue factory!
Best is looking hog!
...
No, that is not work...
So you forgot about that Congress thing, too, eh?
As you type... You might also see that we are predisposed to wanting "a brilliant leader."
On a long enough timeline... that's how it all goes bad.
In a country where black people and jews can do no wrong, we will get fucked by black people and jews.
... and Albanian Gypsy hords.
Cleanest Dirty Shirt Or Just The "Most Hopeful"?
We have shown the endless hockey-stick-like charts of hope that are the coming margin expansion, dramatic earnings growth, and revenue increases (all juxtaposed against the reality of a labor-destroying cost-cutting and growth-disabled global economy) but perhaps nowhere is the 'hope' in the US more evident when compared to the rest of the world.
Around the world, analysts and strategists are comfortable marking down expectations for British, European, Asian, and Emerging Market nations but not the good ol' USofA.
We cannot help but believe that while momentum in US equity markets dominates all sense and rationality, it would appear the US will struggle to realize these 'hopeful' expectations if the rest of the world is collapsing... unless of course, Mars does indeed start importing Fords and GMs.
The normalized forward expectations for EPS... Spot the odd one out!
and this as US Macro data appears to have topped out... with the biggest two-day drop in 9 months!
Martians are really more into the Yugos... it's the Venutians who are hot on GM's, especially that spiffy looking Cherokee.
"Adopt a Super Glass-Steagal. Abolish bailouts."
+100000000000
It worked as long as it was in place. The moment Clinton killed it - all the troubles started.
All those trouble will continue and get worse and worse. As nowadays bankers have the say and politicos are just bankers servants anymore.
ONLY another 1929ff - great depression with all its tragedies and international aftermath finally leading to WW2 -will force the public (all those nowadays ignorant J6Ps) to wake up and protest in the streets in millions - which is the only way another (Super) Glass-Steagal will be implemented - and the bankers thrown out of governments.
All that is needed is to stop banks gambling with their clients money.
But greed is soo huge and widespread in the elite that there is no chance for change anymore.
So all you can do is - to protect yourself. And that is to get of of the financial system as you know it. That also means to convert some of your assets into not visible assets - as whatever will be visible will be taxed to death. Before that house of financial slavery comes down again. Like it did in 1929ff.
Mark the dates 05-05-2013 and 02-02-2016. +/- 2 weeks. That is where I think we will see the major turns of markets. And a replay of the events of 1929ff. Checkout when Indices peaked in 1929. Greece and Cyprus are/were just the tip of the iceberg arriving.
ACT NOW - because later it might be too late.
Wish, THINK, REALIZE!
None of this will happen.
anybody in there right mind seeing any of the right things happening, fuck no.
it is getting worse; EVERYWHERE EXCEPT ICELAND!!!!!!
tptb are firmly in control and WILL use the force of police and military to back their policies.
we are firmly locked into facism. the grip is FIRM.
wake the fuck up and quite wasting your mental energies thinking there will be a better set of policies
governing america or anywhere on this globe.
dont get me wrong, i too wish that we could put stockman or paul craig roberts in control. but i have
moved on to a better place(mentaly) - planning for the inevitable- anarchy til new forms of government evolve. This is the HISTORY lesson that will take place in your lifetime (if you are under 80 years old).
all i am saying these people sounding the alarm are correct but POWERLESS to make any change and most importantly IT IS TOO LAtE -ALREADY.
can't raise rates or allow them move to market adj. - bonds implode. without printing rates would rise and kill the budget, not to meNtion dumpage, and most iMportantly the dollar is heading to the cliff. all these policies converge to a meltdown and chaos.
any change in current policy causes major disruptions such as no check in the mail to MILLIONS of humans or bond dumpage, all while the brics are setting up trading paths around the almighty dollar. shalom has so fucked us all and he is getting backed tighter and tigher into a corner of which there is no way out without major, major market disruption or collape of life as we know it.
wish think realize and
plan accordingly...
JMFO
Amen brother.
But, but ... Obama says the economy is getting better!
And Paul Krugmann agrees!!!
Two wrongs don't make a right
No, but three lefts do.
Q: How many progressive liberals is take to screw incandescent bulb?
A: After replace all incandescent bulb for CFC and set up cap and trade, all efficient source of energy is kaput, so is not even bother.
The US economy IS doing better ....
on account of a lot of foreign investment ....
from places like, well, cyprus, for example ....
Linsten to Stockman's interview about it with Chris Martenson here: He pretty much discusses everything in this 1 hour interview. Dude's pissed.
David Stockman: We've Been Lied To, Robbed, And Misled
pissed.
yeah.
controlled-opposition type pissed.
even shakes his fist at the nank.
woo hoo.
The FedEx man just delivered me 10 Krugs and three sleeves of silver Maples. After 27 days of waiting, I'm going to enjoy my new stack additions over a single malt. So excuse me if I don't care about stawks this noir. :D
that's a lotta tungsten dude.
Wish it was. Then I won't feel so sad when my boat turns over next weekend.
Damn it...YOU are a GREAT AMERICAN!
You do know that ZH is an IRS site, right?
(really, sarcasm people)
what is bad for our unfair trading partners is good for us
what is bad for bad fair trade deals is good for us
nearly my entire life politicians and wall streeters have been moving jobs and opportunity overseas
the pendulum can swing no further in that direction
and it is probably a good thing for all considering the pollution, corruption, and radiation extremes
If these 'quantum statisticians' claim that 50-70% of corporate revenue and profit come from overseas, and the figures show a global slowdown (1st chart rtrs-credit suisse), then how in the hell can U.S. revenue/guidance be effectual on the overall earnings report? These fucking ass clowns have cake smashed in their faces.
I would rather hire TROOP of dyslexic Chimps to plot guidance for my company!
probably more accurate that 50% of profits are earned overseas and 20% is sheltered overseas for tax purposes to ensure the US remains in deficit.
the confiscation of deposits above anumber, say, 100 million, for individuals and where profits above 1 billion have not been reinvested for, say 3 years and held overseas, or that have been held by companies in the US for 3 years makes; a lot of sense, since this money cannot be spent by an individual in their lifetime and companies hve shown an inability to deploy cash, thus withholding it from the economy. used to be that baks would redeploy the funds held o deposit with them, but now those funds just pay for banksters to get fat with fat bonuses.
But stocks are the place to put one's money because we have Ben Bernanke. Other things like precious metals can only make one poorer. In stocks we trust!
Sieg Heil!!!!
Vielen Dank!
Bitte!
Heir komest die Sonne.
Sieg Heil!!!!
edit: there must be some kind of cyber-echo as I posted it only once
In stocks we trust,
But gold don't rust.
What happens when bernanke announces that he's had a liver transplant?
This pdf file is calendar year 2011. Notice the disparity (Overseas Profits vs Domestic) I'm digging deeper, so stay tuned.
We need moaaaar CON-fidence!
Did you cleanest dirty shirt?
Sorry but I was focusing on the missing buttons.
Here's the short version.
All sovereign currencies are fucked. They just don't know it yet. Like a hatchet on chicken's neck, it will run around a while before it bleeds out.
This includes the Euro, Yen, Pound, Canadian Dollar, Yuan, Baht, Rial, etc...
You're all in the financial event horizon - and you can't believe that relativistic effects will prolong your collapse to infinity. Before you're consumed whole by the greed you produce.
The chicken has been running around headless since August 15th 1971.
IMO Cyprus is just the beginning of the plan to collapse all currencies and usher in a new global currency and along with it the NWO.
Sort of like a controled demolition of a building.
" nowhere is the 'hope' in the US more evident when compared to the rest of the world."
That maybe because the US is printing more money than the rest of the world combined.
At present, QE equals hope?
When does unsustainable debt equal despair?
BLS Hacked! For God’s sake, please don’t tell anybody outside of the ZH forum, but I hacked into the Bureau of Labour Statistics (BLS) to find out how they keep making all those seasonally adjusted weather conforming ever improving economic stats. In a file called “statistics production generation methods” I found the answers. They use:
Anthropomancy – the entrails of recently deceased long term unemployed men are read to determine U6 figures.
They have a series of other methods to find other economic statistics. They include Gastromancy (U3) , Gyromancy, Myomancy, Omphalomancy , Onychomancy, Tyromancy, Belomancy and Necromancy (Necromanyc is for 401K stuff. You really do not want to know about the last one.....)
ZH readers can see the full report at: http://tinyurl.com/cwm8e3s
(a little humor to go with your Easter Weekend)
They will no doubt as usual revise them down the nearer and nearer it gets to reporting season and then the companies will magically beat expectations
A complete farce of a 'market'
It might be time to turn the shirt inside out
That's why we're richer than you ?