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Guess Who The Dirtiest Dirty Shirt Is
We continue to hear that the US is the cleanest dirty shirt or that the US economy is doing 'relatively' well as a reason for buying stocks now. Not only is this plainly incorrect (as we have pointed out rather vociferously in the recent past) it flies the face of the disconnect between macro and markets. The fact of the matter is that year-to-date, the US economic data performance is the equal worst (with Japan) of all major economic nations and regions. That is a bucket-load of hope for the second-half of the year - or, as we noted recently, is it just plain silly.
Year-to-Date move in Citigroup's Macro Surprise Indicators...
...so if you are buying stocks on the macro 'cleanest dirty shirt' you have been misled. If you are buying stocks on the market 'cleanest dirty short' perhaps your money is best spent in Argentina or Japan - both up considerably more than the US market this year (which must be a good thing?)...
Charts: Bloomberg
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Do we dare call it a Brown Shirt?
The US data is just bright sided, meaning far too optimistic.
That explains the usual Bloomberg rubbish.
Hell, California isn't as bad off as Japan. Get real.
Check out the new Kuroda Music Video: http://www.youtube.com/watch?v=ZsCU1p58g5Q
the graph is Great News for investors in the us.
the fact that equities have taken off like a rocket amid all the bad-graph-surprises can only mean an even more spectacular rise when the us stops being the dirtiest dirty shirt
or as maw-maw says: the dirtiest wet spot in the vip lounge
Argentina? you must be crazy or completely ignorant of the reality of what is goin on there... a 25 year prosecutor recently said that the criminals are mmetastasized into the government...
As a rule, I dont trust ANY news source when they are commenting on their own home country. They all say they are the cleanest shirt.
So i guess I need a new source for info on Switzerland now. :)
Beige shirt.
hair shirt, LOOK OUT
Get to work Mr. Chairman.
love that line. throw in 700,000 on the terror watch list (it's really 700 million in my view) and "craziness in Cincinnati" and i think we have the makings of real wild time here. can you say the word "proxy" El Doctor? as in "how am i responsible for something that was signed for not directly by me but as if i was in charge"? of course you'd need a Judge to sort that mess...which is why we do all in power to stay tight with the law!
Do Not Berate American Exceptionalism.
(rolling eyes, slight wheezing sound, discomfort from sitting on own scrotal sack)
PS. If this is a "surprise indicator", then why is it published?
ah hem
yea, but is anyone wearing clean underwear?
Charts make me Dizzy.....
Not for very long we suspect
I have been saying this for years.
The creditor European and Japanese currencies are in better fundamental shape then the US dollar.
The dollar is the most fundamentally flawed currency in the world. No currency has amassed such a trade deficit ever. No currency has amassed such a debt in history.
Spitzer: does that mean the Chinese yuan is also in better shape? Just curious. Thanks!
SHUT UP AND TAKE MY MONEY!!
The shirt isn't dirty. It's bloody.
I wonder if any of the schools that have MBA programs bother to point out the divergence between the national economy and the stock markets. Such insights are obviously totally lost on the national elected officials and anyone affiliated with the Fed.
sunny
As long as Benny-ching is doing the laundry, stocks go to the moon and the economy can go to the devil.
Its the dollar that is the most bewildering.
How many hand gernades the world is willing to jump on to save the dollar remains to be seen. Australia cutting rates is the most blatant one yet.
I have a suspicion that this article is taking a shot across Martin Armstrong's meme....