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It's Bizarro Headline "Explanation" Day

Tyler Durden's picture




 

Ah, the wonderful life of a mainstream media journalist where everything is linear, where everything is perfectly explainable to an overeager public using "as" linkers, and where in the name of propaganda and keeping your editor happy, logic and objectivity is also known as "collateral" damage.

For example, take stocks, which can rise due to improving economic data...

 

But also, at the same time, stocks rise due to deteriorating economic data, and bets on more Fed stimulus...

 

But things are even clearer when it comes to gold, which in turn drops on good news as it "supports" the Fed's scaling back...

 

... and also drops on bad news, because in this case, deteriorating economic data (GDP miss) implies less inflation.

 

Sigh.

And now you know how "media" is done.

 

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Wed, 06/26/2013 - 11:29 | 3695024 Jahbulon
Jahbulon's picture

Bunch of wankers.

Wed, 06/26/2013 - 11:34 | 3695058 azzhatter
azzhatter's picture

Would be hilarious if it wasn't so corrupt and sick

Wed, 06/26/2013 - 11:45 | 3695143 aka Gil
aka Gil's picture

Regarding the term "journalist", as in "mainstream media journalist", didn't we resolve that yesterday? These wankers are not journalists, they're fascist collaborators.

Wed, 06/26/2013 - 11:49 | 3695173 icanhasbailout
icanhasbailout's picture

Sentence first, verdict afterwards.

Wed, 06/26/2013 - 11:50 | 3695186 Pladizow
Pladizow's picture

"Think of the press as a great keyboard on which the government can play. The tune does not matter, so long it is the only one the public is allowed to hear. Eventually they will all dance." - Joseph Goebbels  - Nazi Minister of Propoganda

Wed, 06/26/2013 - 11:56 | 3695222 NotApplicable
NotApplicable's picture

In other news, I see that Art Hogan is still a trusted mouthpiece.

Wed, 06/26/2013 - 12:11 | 3695334 Xibalba
Xibalba's picture

psyops bitchez

Wed, 06/26/2013 - 12:34 | 3695461 Handful of Dust
Handful of Dust's picture

I'd feel alot more confident if MSM told me again more and more people were quiting their jobs.

Wed, 06/26/2013 - 13:14 | 3695677 Atlasshruggedme
Atlasshruggedme's picture

Start Stacking.... FASTER! This boat is sinking, do your part and help off load the Silver/Gold

Wed, 06/26/2013 - 13:22 | 3695733 Divided States ...
Divided States of America's picture

THE FINANCIAL MARKETS ARE SO FUCCCCCCCCCCCCKED UP. Its like you prefer watching porn and jerk yourself off rather then sleep with a girl....tangible assets such as gold gets smoked while paper stock certificates goes to da moon.

Wed, 06/26/2013 - 13:25 | 3695770 James_Cole
James_Cole's picture

I don't know, this is pretty par for the course. Unfortunately you'd have to go to a library to get the real archive but I collected financial articles for a couple years for personal amusement. Other than FT most of the coverage tends toward nonsensical.

Wed, 06/26/2013 - 13:33 | 3695822 Tremain
Tremain's picture

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”

 - Joseph Goebbels 

 

Wed, 06/26/2013 - 18:35 | 3697098 ersatzteil
ersatzteil's picture

And I just spit coffee all over my desk...

Goebbels never said that...and it appears you've fallen for the Big Lie.

You are among the very "people" this quote says will believe in a lie repeated often enough.

Thanks for the laugh

Wed, 06/26/2013 - 11:50 | 3695177 nope-1004
nope-1004's picture

The western economic world is a complete fallacy, based on lies and selling populist stories.  These headlines simply show how stupid journalism has become, which is in line with the overall aptitude of western economic 'thinkers'.

Can't expect good headlines from the same idiots that take cues from their more powerful idiots in charge.

 

Wed, 06/26/2013 - 12:21 | 3695378 francis_sawyer
francis_sawyer's picture

First banking... Then main stream media... Then political activism... & lastly, 'jurisprudence', to make sure the perps never pay...

~~~

I gotta put on my thinking cap to try & imagine which subset is asymmetrically represented in those areas...

Wed, 06/26/2013 - 12:30 | 3695433 BigJim
BigJim's picture

People whose last names end in "-stein"?

"Stein", of course, is the German word for "beer glass", so it's obvious that all these people are descended from German brewers.

How on earth did they garner so much power? I mean, beer is great and all, but still...

Wed, 06/26/2013 - 12:48 | 3695541 francis_sawyer
francis_sawyer's picture

May the Schwartz be with you...

Wed, 06/26/2013 - 13:27 | 3695783 Divided States ...
Divided States of America's picture

Yet you have many GOLD-steins and SILVER-mans all trying to take down the precious metal complex for their own manipulative agendas. Hell it reminds me of that David COPPER-field putting on a illusion trick where all my money just dissappears from my pocket and into their pockets.

Wed, 06/26/2013 - 13:13 | 3695665 michael63636
michael63636's picture

"Stein", of course, is the German word for "Stone":

http://translate.google.com/#de/en/stein

 

So they are all stoned.

Wed, 06/26/2013 - 13:41 | 3695868 Pegasus Muse
Pegasus Muse's picture

"First banking... Then main stream media... Then political activism... & lastly, 'jurisprudence', to make sure the perps never pay..."

 

We now live in a nation where doctors destroy health, lawyers destroy justice, universities destroy knowledge, governments destroy freedom, the press destroys information, religion destroys morals, and our banks destroy the economy.

- Chris Hedges

Wed, 06/26/2013 - 15:37 | 3696444 francis_sawyer
francis_sawyer's picture

other than that it's fine [because we've all learned how to be 'politically correct' & to live together & accept diversity]... We're 98% of the way there, but that last 2% is rather stubborn...

Wed, 06/26/2013 - 12:35 | 3695467 More_sellers_th...
More_sellers_than_buyers's picture

Well ... truth be told if they did report the truth, what difference does it make.  The Fed simply would negate any semblance of truth.  So it's all BS.  

Wed, 06/26/2013 - 11:52 | 3695194 Deo vindice
Deo vindice's picture

Isn't it the job of reporters to report?

And when you report something, don't you report facts?

And if your job is a reporter and the job description is to report facts, doesn't it require a modicum of fact-checking on the story you are going to write to make sure you are doing your job?

The MSM does not have financial or economic reporters any more. They have mostly non-thinking, non-fact-finding story-tellers writing opinion pieces.

No wonder they are becoming increasingly irrelevent.

Wed, 06/26/2013 - 12:52 | 3695562 spekulatn
spekulatn's picture

Bad things happen to (real)reporters who report.

http://www.guardian.co.uk/commentisfree/2013/jun/19/michael-hastings-fri...

Wed, 06/26/2013 - 13:30 | 3695803 Crash Overide
Crash Overide's picture

They aren't reporters anymore, they are repeaters...They all read from the same script.

 

https://www.youtube.com/watch?v=dguiAWrUGMM

Wed, 06/26/2013 - 14:00 | 3695941 Lore
Lore's picture

The poster nicknamed 'Pladizow' nailed it by quoting Goebbels.  It is no coincidence that we refer to these people as 'media.'  The word 'media' is plural for 'medium.'  A medium is a middleman; an intermediary; a channeler: "one who conveys thoughts or energy from a source believed to be outside the person's body or conscious mind."  Can you imagine a better definition for today's Talking Heads? 

Thinking about who owns the modern Ministry of Channeling, and how much is at stake, it's naïve to expect mediums to provide balanced, honest coverage of all but the most mundane issues.  Rather, we should expect reinforcement of authorized narratives.  Classic 20th-century bogeymen marketed by extensive media saturation coverage are "The War On Terror" and "Global Warming."  In the first case, the evildoer is invisible. In the second, as the scriptwriters put it, the bad guy is "humanity itself."

It's not just the financial complex and the economy. Scratch the surface, and EVERYTHING in our society is revealed as a grand Potemkin Village.

Wed, 06/26/2013 - 12:33 | 3695452 csmith
csmith's picture

Not corrupt at all...just dumb.

Wed, 06/26/2013 - 13:13 | 3695668 cifo
cifo's picture

Never ascribe to malice that which is adequately explained by incompetence. - Napoleon Bonaparte

 

Wed, 06/26/2013 - 11:35 | 3695076 YC2
YC2's picture

well, its a better storyline than "random walk"

Wed, 06/26/2013 - 11:58 | 3695237 candyman
candyman's picture

I used to read the comics as a kid, marketwatch, bloomberg, and the rest are todays 21st century replacements for humor. Great low information articles, just stunning!

Wed, 06/26/2013 - 12:19 | 3695373 Midasking
Midasking's picture

Fed is modern day coin clipper. People used to go to jail or worse for that... now it is called stimulus? I'm confused.http://tinyurl.com/mem7o7x

Wed, 06/26/2013 - 13:07 | 3695635 DavidC
DavidC's picture

Probably all written by algorithmic computers anyway!

DavidC

Wed, 06/26/2013 - 13:33 | 3695817 Jack Burton
Jack Burton's picture

'Wankers"?  "Daft cunts" more like!

Wed, 06/26/2013 - 11:29 | 3695026 Yen Cross
Yen Cross's picture

     Welcome to the matrix.

Wed, 06/26/2013 - 11:42 | 3695121 Oldwood
Oldwood's picture

The Matrix presented options and motivations. This mess is like trying to bet on a drunk driver as to which wall he will run into first. Addicted gamblers will bet on anything. Are we supposed to take our clues from them?

Wed, 06/26/2013 - 11:51 | 3695190 sodbuster
sodbuster's picture

Which color pill am I supposed to take? Maybe one of each?

Wed, 06/26/2013 - 12:08 | 3695314 astoriajoe
astoriajoe's picture

Just one?

Wed, 06/26/2013 - 11:30 | 3695027 Hippocratic Oaf
Hippocratic Oaf's picture

That's ok, I got the truck idling to back the mother fucker up one more time.

Wed, 06/26/2013 - 11:30 | 3695029 slaughterer
slaughterer's picture

The movement in PMs since cash open should drive a wedge into any "Fed Stimulus Bet" meme.  

Wed, 06/26/2013 - 11:42 | 3695120 gjp
gjp's picture

It seems to me PMs aren't trading on stimulus bets any more, rather they are in full control of the manipulators ...

There just isn't a reasonable explanation for S&P outperforming gold by 50% in six months with printers on overdrive and earnings estimates heading down.  They're going to take paper futures to zero it seems.

When are the emerging markets going to draw the line with this western manipulation?  India's currency is crashing now as its love of gold now tarnishes its current account balance and value of savings.  The gold stockpiles of emerging markets are being devalued according to what the western paper traders say it's worth?  How long are they going to put up with it?  Now is the time to demand payment for exports in gold.  You'll get a lot more of it!  (if they actually have any left)

Wed, 06/26/2013 - 11:50 | 3695153 derek_vineyard
derek_vineyard's picture

its my opinion that the powers that be seem to hate PM's.  they delight in their demise.  even if they have to crash their own market to crash the PM's.   but wtf do i know.

the game is all about stocks...thats why their dividends are taxed at cap gains rates---couldn't be more blantant than that

Wed, 06/26/2013 - 11:53 | 3695200 gjp
gjp's picture

of course they hate PMs, they are a competitive threat to their fiat currencies.  But do the Asian powers that be hate them too?  I would think not, but it makes me wonder as they stand idly by and let western shenanigans go unchallenged ... wtf do I know either, it's just another day in absurdistan

Wed, 06/26/2013 - 12:12 | 3695337 astoriajoe
astoriajoe's picture

I suspect the Asian powers that be will eventually hate them them too. Its just that currently PMs help undermine western powers that be, which can benefit APTB.

Wed, 06/26/2013 - 12:16 | 3695360 gjp
gjp's picture

I agree, as Asia takes over global financial power they will be the fiat abusers manipulating PMs eventually.  But for now, low PMs, by supporting western fiat, is enabling continued payment in trash for their valuable exports.  How long do they let this go?  Aren't PMs part of the final power handover?  What happened to the rumours of China preparing some kind of gold-backed currency to replace the dollar?  Please somebody flip the switch, the cognitive dissonance is driving me crazy!  (Speaking of CD, where has he been ...?)

Wed, 06/26/2013 - 12:55 | 3695578 eclectic syncretist
eclectic syncretist's picture

JPM customers have been allowed to sell short more gold than JPM has available to deliver from their warehouse, thus JPM needs to accumulate in order to deliver and not default at the end of the month, which is only a couple of days away.  This is one possibility why it is being manipulated down. 

Wed, 06/26/2013 - 13:36 | 3695845 Crash Overide
Crash Overide's picture

Eventually PM's will be gone, there won't be any left to acquire. Going to get interesting when that happens.

Wed, 06/26/2013 - 11:30 | 3695031 fonzannoon
fonzannoon's picture

If by bizarro we mean the usual then yes it is bizarro headline day.

Wed, 06/26/2013 - 13:23 | 3695753 gatorengineer
gatorengineer's picture

The bond rip sure got sold....

Wed, 06/26/2013 - 11:32 | 3695034 derek_vineyard
derek_vineyard's picture

the reporters have to write something, they cant just leave the page blank but some reporter some day will write' "i dont have clue why the market acts like it does, but im on the payroll so i just make shit up or write what my boss wants you to hear"

Wed, 06/26/2013 - 11:36 | 3695078 nonclaim
nonclaim's picture

A large part of these "reports" are automated anyway. The human operating the system just fill in a few blanks and press [publish]. I'm sure there's an [I'm feeling lucky] button as well that puts random data and hopes for the best.

Wed, 06/26/2013 - 12:07 | 3695298 Jonas Parker
Jonas Parker's picture

"Algo-journalists" strike again!

Wed, 06/26/2013 - 12:32 | 3695443 CrashisOptimistic
CrashisOptimistic's picture

Guys, I comment very little on gold threads (the converse for gold folks is NOT true; they try to drag gold into all threads), but I will offer up a new reason for gold's decline -- desperation.

Things are bad and getting worse.  People have bills to pay.  Gold may have to be sold to pay them.  Period.

Wed, 06/26/2013 - 12:40 | 3695498 fonzannoon
fonzannoon's picture

You think that is the catalyst in this move?

It's desperation by someone, that's for sure.

Wed, 06/26/2013 - 13:01 | 3695606 eclectic syncretist
eclectic syncretist's picture

Desperation by JPM, who has sold short almost 3 tonnes more gold this month than it can deliver.  The shit may be about to hit the fan, as they only have two more days to get it unfucked.  They need to buy three tonnes of physical quick.  I know I've been harping on this but on the face of it at least it looks like it might be a big deal here.

http://www.dailypaul.com/290559/how-will-jpm-settle-junes-comex-delivery...

Wed, 06/26/2013 - 13:09 | 3695643 gjp
gjp's picture

I thought COMEX positions could be settled in cash?  i.e. no obligation to deliver physical?

Wed, 06/26/2013 - 13:13 | 3695667 slightlyskeptical
slightlyskeptical's picture

So they buy it back and make a quick buck before expiration. Next month rinse and repeat. At some point they will go long instead, but it probably won't be for a while.

Wed, 06/26/2013 - 11:31 | 3695039 crzyhun
crzyhun's picture

Straight up, I needed a laugh...

Wed, 06/26/2013 - 11:33 | 3695048 Captain Benny
Captain Benny's picture

Well "duh" !! Gold and silver should only go down on good and bad news.  Anything not good or bad is a "fluke" and should not be traded on.  Hasn't anyone else read Algorithmic Trading For Dummies?  Or was that "Working at the Federal Reserve without looking like a crook" .... ah man I can't remember.  Where is Krugman to explain this all away?

Wed, 06/26/2013 - 11:33 | 3695050 frostfan
frostfan's picture

When markets are up, it's Obama's policies.  When markets are down, it's Bush's policies.  Got it.   And when the going gets tough, everyone blames the oil traders and bankers. 

Wed, 06/26/2013 - 11:33 | 3695054 JJ McApe
JJ McApe's picture

better sell that worthless gold...

lol not

Wed, 06/26/2013 - 12:34 | 3695462 CrashisOptimistic
CrashisOptimistic's picture

See comment above.

Worthless or not, irrelevant.  The family has to be fed.  Things are so incredibly bad that there may be no choice.  Bills have to be paid.  Liquidation of gold may be the only source of cash people have.

Wed, 06/26/2013 - 13:54 | 3695953 Herd Redirectio...
Herd Redirection Committee's picture

Which means we are seeing the weak hands empty, one final time?

Wed, 06/26/2013 - 11:33 | 3695056 starman
starman's picture

I want a gold Iphone when were all done! ah actually I hate Iphones, gold Android!

Wed, 06/26/2013 - 12:14 | 3695349 astoriajoe
astoriajoe's picture

still waiting for the fully open source, linux phone with open circuit design as well.

Wed, 06/26/2013 - 11:34 | 3695061 SheepDog-One
SheepDog-One's picture

It's all good, because stuff is worse...and we be sufferin because of shortage of burrito toppings and Brawndo has what plants crave....but DON'T WORRY! This 'Not, Sure' guy GOT this shit!!

Wed, 06/26/2013 - 11:34 | 3695062 Yen Cross
Yen Cross's picture

    Hopefully the dipshits that wrote those pieces read or know someone who reads Z/H, so they can see what moronic idiots they made of themselves.

Wed, 06/26/2013 - 11:35 | 3695066 AL_SWEARENGEN
AL_SWEARENGEN's picture

The propaganda is strong.  But the only one's who believe it are the one's whose minds have already been conquered.  Lies will be believed by some, but never everyone.  Peak propaganda has been reached.  My imagination resists what these evil cocksuckers will do next now that their lies are faltering more than they are sticking. 

Wed, 06/26/2013 - 11:35 | 3695069 Hedgetard55
Hedgetard55's picture

This is why I only read here.

Wed, 06/26/2013 - 11:37 | 3695085 EclecticParrot
EclecticParrot's picture

Perhaps this explains today's action:  difficult to trade sine wave algo with a general downtrend, but with very quick stop-hitting spikes every 10 minutes.  I imagine the spikes are to allow distribution on the way down, SPY reaching up to touch VWAP a few times but not the Russell.  Often wonder if these 'zig-zag' patterns we see are designed by one big player, or are the combination of competing programs offset slightly in time (I vote the latter).

In any event, with volatility looking like its rolling over a bit from the top near 11:00, wouldn't be surprised to see a few successful VWAP runs, though again the bulls can 't preen too loudly yet.

Wed, 06/26/2013 - 11:48 | 3695171 Awakened Sheeple
Awakened Sheeple's picture

Looks like we're coiling around 1600 until closing time. Vol scalps made... Fuck it, I'm going bowling.

Wed, 06/26/2013 - 11:49 | 3695175 FieldingMellish
FieldingMellish's picture

RUT may end negative today. Its certainly not a happy bunny at the moment.

Wed, 06/26/2013 - 12:04 | 3695277 EclecticParrot
EclecticParrot's picture

You may be right, but knowing the Russell ninjas as I do, it'll probably not come until 3:51 in a big spike, and in the meantime they'll find some way to ramp toward opening levels before 2:30 (as I type this the ninja boys are flexing, a ruse to trap longs, or standard abuse of shorts? -- only time will tell)

Wed, 06/26/2013 - 11:44 | 3695089 aleph0
aleph0's picture

Yep , it's all one big Matrix with controlled CENTRAL BANK MSM.

Even German Radio mentioned "German Consumers are spending lots of money again" ... like hell they are.

German Flee markets are getting so big and numerous these days, you can't even park within a mile.

Oh ... any of course "Gold 3 year low" everywhere etc. etc. etc.

PS:
Just in from Titanic Satire Magazine :

http://www.titanic-magazin.de/news/das-aktuelle-konsumklima-5783/

The consumer climate in Germany better than ever since a long time.

A Wall Street high pressure area is movng in , which flushes much liquidity into the shopping areas as the afternoon approaches.

In the evening, moderate to strong wind moves through the wallets, sometimes in gusts.

As of Thursday , contunous Money-Rain will ensure a good upmarket shopping mood, in the east and for individuals without a credit card three will only be isolated showers.

 

 

Wed, 06/26/2013 - 11:37 | 3695096 Dr. Engali
Dr. Engali's picture

Newspeak bitchez!

Wed, 06/26/2013 - 11:38 | 3695097 km4
km4's picture

Newspeak is a reduced language created by the totalitarian state as a tool to limit free thought, and concepts that pose a threat to the regime such as freedom, self-expression, individualitypeace, etc. Any form of thought alternative to the party’s construct is classified as "thoughtcrime."

http://en.wikipedia.org/wiki/Newspeak 

Wed, 06/26/2013 - 11:52 | 3695197 Unprepared
Unprepared's picture

In this particular case it's NEWS-PEAK.

Wed, 06/26/2013 - 11:38 | 3695098 Oldwood
Oldwood's picture

Or try Fox Business

FOX Business: Capitalism Lives Here

The markets extended the previous session's rally as traders continued capitalizing on buying opportunities despite a batch of disappointing economic data.

Read more: http://www.foxbusiness.com/markets/2013/06/26/tepid-data-fail-to-sap-wall-street-buying-appetite/#ixzz2XKxzEVsc

Wed, 06/26/2013 - 11:39 | 3695104 Oldwood
Oldwood's picture

Anyone placing bets on this crap is the most delusional of them all.

Wed, 06/26/2013 - 11:47 | 3695162 FieldingMellish
FieldingMellish's picture

BOOYAH!

Wed, 06/26/2013 - 11:42 | 3695124 SheepDog-One
SheepDog-One's picture

Not 'up-beat' economic data? 

I didn't get a 'HARRUMPH' outta that guy! Looks like some financial reporter is looking for a beating!

Wed, 06/26/2013 - 11:41 | 3695116 Inthemix96
Inthemix96's picture

Bloomberg???

Take a hike Bloomberg, fuck off and dont come back, there isnt one person I know would believe a single article posted by that bunch of fucking 'Toe The Line' fucking pariah bastard propaganda idiots.  Fronted by the insane cunt who thinks 32 Ounce drinks are 'Dangerous'????

Listen up Mike you cunt, Bloomberg, meaning you and the wankers who run it are a far greater danger to the publics health with your gob-shite bullshit than any soft drink you fucking clown.

Bloomberg???

Cunts.

Wed, 06/26/2013 - 11:47 | 3695157 Tenshin Headache
Tenshin Headache's picture

Cogently stated, sir.

Wed, 06/26/2013 - 11:42 | 3695122 IridiumRebel
IridiumRebel's picture

I came here from Marketwatch. I guess it was good for that. The propaganda is nominal on those sites. Only a fool would think otherwise. I am awake now. 

Wed, 06/26/2013 - 12:20 | 3695377 SmallerGovNow2
SmallerGovNow2's picture

Me too IR.  Their old blog was the main reason and the ticker.  The new blog system sucks.  Cheers...

Wed, 06/26/2013 - 12:32 | 3695442 IridiumRebel
IridiumRebel's picture

I remember you there....Cheers!

Wed, 06/26/2013 - 11:43 | 3695130 Frastric
Frastric's picture

Divide the masses, bombard them with conflicting and contradictory information and all those who don't use their brains lap up anything given, whilst all those that do use their brains pick the story as according to their confirmation bias. Finally everyone else is a paranoid wreck for they can't trust anybody for fear of disinformation and lies.

Even ZeroHedge I do not fully trust, nor am I naive enough to believe the Tylers are above disinformation... So that's how fucked up our world is if you can't really trust any information source. Bleeding intelligence agencies, Zionists and their masters...

Wed, 06/26/2013 - 12:40 | 3695495 V in PA
V in PA's picture

Well said.

Wed, 06/26/2013 - 13:06 | 3695630 LongBallsShortBrains
LongBallsShortBrains's picture

BUYER BEWARE applies to what goes into our heads as well.

Wed, 06/26/2013 - 13:58 | 3695977 Frastric
Frastric's picture

Information has, is and will always be the most precious commodity.

Wed, 06/26/2013 - 11:44 | 3695136 BullyBearish
BullyBearish's picture

Bernanke:

* Steals savings from retirees, forces them into risky assets

* Steals money from precious metals owners to punish them by allowing naked short selling

* Steals money from the middle class by devaluing the dollar and forcing up prices of food and energy

* Globally enriches the super-wealth by transferring the future earnings of the middle class

A true criminal and "traitor" to this country

Wed, 06/26/2013 - 11:52 | 3695191 NotApplicable
NotApplicable's picture

Well, if only "countries" existed, then you might be onto something. As it stands however, statism is nothing but an abstract cloak to obscure the unaccountable individuals within, who work non-stop at perpetrating fraud in order to empower and enrich "them."

The idea that a person who I've never met has control over my life is asinine upon its face. Yet we've allowed this insanity to be institutionalized, enslaving all of humanity.

Wed, 06/26/2013 - 13:11 | 3695655 LongBallsShortBrains
LongBallsShortBrains's picture

Great observation, and well stated, NA.

Ann yes ... Countries. Another group of people.

Groups are great for justifying the destruction of the rights of the individual. After all, who could argue that one individual has rights that are of equal value than the rights of a group?

Fuckin collectivists communist Marxist cunts.

Wed, 06/26/2013 - 11:54 | 3695215 InconvenientCou...
InconvenientCounterParty's picture

Bernanke:

Dramatically lowers the cost of USD hedging for savers by coordinating the sale of Central Bank gold on the open market.

Wed, 06/26/2013 - 12:06 | 3695289 Non Passaran
Non Passaran's picture

That's not a good example. You forgot to lie.

Wed, 06/26/2013 - 11:45 | 3695144 Oldwood
Oldwood's picture

So when you are happy you drink and when you are sad you drink even more? Is that how our "gamblers that drive the world" make their decisions?

Wed, 06/26/2013 - 11:46 | 3695148 Svendblaaskaeg
Svendblaaskaeg's picture

Another bizarro headline:

Forecast: Danish economy accelerates

Danish Bank lowers full-year growth but recovery ahead.

Danish Bank downgraded its estimate for GDP growth in Denmark from 0.4 to 0.1 per cent.

Huh?

Wed, 06/26/2013 - 12:05 | 3695280 Non Passaran
Non Passaran's picture

GDP growth is > 0%, so ... get it?

Seriuosly, the headlines are bullshit.

Bloomberg changes headlines on published articles, depending on market movements. If the markets dive they may add a paragraph and change the title to something like "Market craps out on <latest bad news that was published in T-60 minutes period prior to the drop>".

Algo-journ, algo-churn, whatever....

Wed, 06/26/2013 - 12:06 | 3695296 ziggy59
ziggy59's picture

Maybe theyre talking of the pastry...donuts are so passe

Wed, 06/26/2013 - 11:46 | 3695149 monopoly
monopoly's picture

Beyond words.

Wed, 06/26/2013 - 11:56 | 3695150 ebworthen
ebworthen's picture

"Do not worry."

Love that one, covers all the bases.

GDP down, money printing out the ass, but Gold getting crushed and markets up.

Rising rates supposedly won't affect home sales.

Fiscal responsibility if our fiscal irresponsibility brings about data points we may or may not act upon.

When I turned on CNBC this morning and saw and listened to Kocherlakota I knew for sure we are screwed.

Where does Gold bottom?  $1,100?  $1,000?  $900? 

It occurred to me Gold may be a leading indicator like Copper or Bond yields in forecasting the future of stocks.  Perhaps the drop is presaging a crash in markets, with Gold ramping back up after (?).

I don't know, I'm confuzzled by it all; there seems to be no consensus or common sense about anything.

Wed, 06/26/2013 - 12:02 | 3695265 Non Passaran
Non Passaran's picture

I thought it bottomed at 14 and 13 hundred, but I was wrong.

So far I've been doing okay with my latest prediction ($1,200)...

It's funny how before April it all used to be exact science ("resistance at $1,680"), while now a unit of price drop (but not price increase) is $100 :-)

Keep stacking. 

Wed, 06/26/2013 - 11:46 | 3695151 Dr. Engali
Dr. Engali's picture

We have this from Yahoo:

Stocks rise even as US economic growth slows

 

http://finance.yahoo.com/news/stocks-rise-even-us-economic-142808991.html

Wed, 06/26/2013 - 11:48 | 3695165 SheepDog-One
SheepDog-One's picture

Mushrooms rise in a nice bed of shit in a cool dark place.

Wed, 06/26/2013 - 12:07 | 3695290 OneTinSoldier66
OneTinSoldier66's picture

"The government reported Wednesday that the U.S. economy grew at an annual rate of 1.8 percent in the first three months of the year, significantly lower than the previous estimate of 2.4 percent. The Commerce Department said that consumers spent less than previously estimated, a troubling development in a country where consumer spending makes up more than 70 percent of the economy."

 

In addition, just the other day Bernanke said he found it puzzling that interest rates were rising.

BULLISH! Our economy is practically on fire!

 

I'll leave up to peeps to figure out for themselves what I mean by "on fire" in this context.

Wed, 06/26/2013 - 11:47 | 3695154 monopoly
monopoly's picture

Yes and the other one "Stay calm" Love that one.

Wed, 06/26/2013 - 11:49 | 3695178 SheepDog-One
SheepDog-One's picture

They're calming the sheeple herd quite nicely as they're led into the chute with the guy holding the sledge hammer.

Wed, 06/26/2013 - 11:49 | 3695179 IridiumRebel
IridiumRebel's picture

If you wanna see how fucked we are, stop by Facebook and see all of the herd posting about DOMA. Meanwhile, the banking system has AIDS.....Someone please work out a signal so I know who is ZH and who is not when we are all picking through the trash.

Wed, 06/26/2013 - 11:50 | 3695187 SheepDog-One
SheepDog-One's picture

Just look at the DOMA article here on ZH! Almost broke the all-time comments record in just 1 hour!

Wed, 06/26/2013 - 11:52 | 3695198 IridiumRebel
IridiumRebel's picture

Because five word quips are so easy in regards to DOMA. 

Wed, 06/26/2013 - 11:54 | 3695213 SheepDog-One
SheepDog-One's picture

Look at all the comments! They're not 'quipping' it's all-out war in the comments and now the religion ass hats have joined the fray too! LOL....the Overlords have NEVER had it easier! :D

Wed, 06/26/2013 - 11:57 | 3695233 McMolotov
McMolotov's picture

NBA and NHL finals are done, so a new distraction was needed. If all goes according to plan, we'll argue over them gay folk until the World Series.

Wed, 06/26/2013 - 12:29 | 3695427 nonclaim
nonclaim's picture

<self censored post about world series and gay folk>

Wed, 06/26/2013 - 11:58 | 3695240 Reader1
Reader1's picture

The twits in the office are all talking about it.  Ever spend a breath talkin' bout' the ecomony?  Nooope!   Gay marriage is much more important than your livlihood.

Wed, 06/26/2013 - 12:05 | 3695286 McMolotov
McMolotov's picture

Paraphrasing the Bible:

And why beholdest thou the weenie that is in thy brother's bum, but considerest not the mega-dildo that is in thine own arse?

Wed, 06/26/2013 - 12:04 | 3695250 ebworthen
ebworthen's picture

I steered clear of that whole posting because I don't think it matters one whit.

Wed, 06/26/2013 - 12:31 | 3695437 IridiumRebel
IridiumRebel's picture

I quoted stripes and a "who gives a shit" post and left.

Wed, 06/26/2013 - 11:55 | 3695217 NotApplicable
NotApplicable's picture

Glad I avoided it, then, as I tire of the idiotic machinations of the divide and conquer trick known as politics.

Not only do people not want to be free, they'll fight to the death to ensure their enslavement is "fair" in regard to the other slaves.

I guess nobody seems to care that marriage is none of the government's business (as if anything is).

Wed, 06/26/2013 - 11:53 | 3695204 stopcpdotcom
stopcpdotcom's picture

"Confused? You won't be, after this week's episode of...Soap."

http://www.youtube.com/watch?v=0BHQT3Omqtw


Wed, 06/26/2013 - 11:54 | 3695209 alien-IQ
alien-IQ's picture

and people ask me why I sometimes drink in the morning....sigh....

Wed, 06/26/2013 - 13:10 | 3695646 espirit
espirit's picture

Is there something wrong with that?

Just asking.

Wed, 06/26/2013 - 11:57 | 3695212 OneTinSoldier66
OneTinSoldier66's picture

contradictory, confounding, conflating headlines... congress counterfeiting up confetti money... it's all just one big CON!

Wed, 06/26/2013 - 11:56 | 3695227 shutupnsing
Wed, 06/26/2013 - 11:57 | 3695228 orangegeek
orangegeek's picture

Stopped reading most biz rags years ago. They're designed for the bagholders.

 

When ZH showed up, stopped reading MSM.

 

The market may not be going the way of the macros, but at least we know what the macros really are with ZH.

Wed, 06/26/2013 - 11:57 | 3695229 Unprepared
Unprepared's picture

This is daily occurence in the financial media. Somehow a descriptive headline looks more believable if it's associated with a made up cause - any cause. As Kahneman and Tversky showed, we are biased to think that a story with a lot of details and "because's" is more likely, while in fact it's less likely.

Wed, 06/26/2013 - 12:00 | 3695252 tmosley
tmosley's picture

Can't help but think of "Master of the House" from Les Miserables.

http://www.youtube.com/watch?v=3CaBdV8o4GU

Wed, 06/26/2013 - 12:07 | 3695303 Mike Cowan
Mike Cowan's picture

And to think NBC gave the world Bonanza. #CartwrightSilverMine

Wed, 06/26/2013 - 12:09 | 3695313 cloudybrain
cloudybrain's picture

who need news in a rigged market, market can move according to big player

Wed, 06/26/2013 - 12:11 | 3695331 Quinvarius
Quinvarius's picture

At least with PMs down here, timing a physical purchase is easier.  It just doesn't matter where you buy.  This is the cheapest gold has ever been in US history vs the money supply.

Wed, 06/26/2013 - 12:12 | 3695341 Downtoolong
Downtoolong's picture

I can’t help but notice how many financial reporters in the MSM now have an expression on their face which seems to say, “I’m really pissed I didn’t get assigned to the celebrity beat, world politics, or even field coverage of hurricanes and tornadoes instead of this shit.” 

http://i1277.photobucket.com/albums/y497/MESIMPSON1/Pic1_zps9a42a212.jpg

I can’t say I blame them.

http://i1277.photobucket.com/albums/y497/MESIMPSON1/Pic2_zpsc3907dd8.jpg

 

Wed, 06/26/2013 - 12:17 | 3695366 Clowns on Acid
Clowns on Acid's picture

Gays can marry, illegals get amnesty, the Fed prints fiat, Obama hands out deficit fiat for green projects, gold is a barbarous relic, .....Everybody wins a trophy.....

 Buy, buy, buy sez Cramer...

What could possibly go wrong ?

Wed, 06/26/2013 - 12:35 | 3695466 jomama
jomama's picture

who the fuck cares if gays are getting married?

is that fucking with your bottom line or are you just a bigot?

Wed, 06/26/2013 - 12:49 | 3695542 AynRandFan
AynRandFan's picture

There are reasons to be against gay marriage other than simple prejudice against homosexual practices.  Such as, a belief that marriage is about the procreation and raising of children, or that homosexuality is a mental or psychological disorder that should not be elevated to a cultural norm.  There are religious reasons, there are historical reasons, but I'm guessing that there are no reasons that suffice for people who fervently belief in nothing more than progressivism.

Wed, 06/26/2013 - 13:04 | 3695594 jomama
jomama's picture

i'll guess I'll be going with the bigot explination then, and you can go on thinking you should be dictating to people how to live their personal lives...  unless you can prove via scientific studies and rigorous data that being gay is a mental disorder, believing that is merely a projection of your own hatred or insecurity.

your ignorance in assuming this is a choice for 'progressivism'for these people is astoundingly narrow minded. 

Wed, 06/26/2013 - 13:17 | 3695707 AynRandFan
AynRandFan's picture

Actually, I never said my position.  I simply said that being against the legalization of gay marriage is not necessarily bigotry.  However, I will say that calling someone a "bigot" simply because he/she believes differently is stupid.

Wed, 06/26/2013 - 13:19 | 3695722 jomama
jomama's picture

i wasn't calling you a bigot.  the reasons you gave were not based on any facts, they were based on emotions and fairy tale religions.

Wed, 06/26/2013 - 13:18 | 3695715 Mark_BC
Mark_BC's picture

Yeah, the prejudice is amazing. Coming from a biological background, this whole anti-gay marriage thing is such a non-issue. How can people concern themselves with such things when the world is falling apart .. unless of course one manages to delude oneself into believing that gay marriages are one example of the degeneration of society ... pure nonsense.

Wed, 06/26/2013 - 15:13 | 3696330 Clowns on Acid
Clowns on Acid's picture

First of all, fuck you. You are a the bigot and a MSM tool. Got it fuckstick. Good.

You rant against organized religion proves you are just another loud mouth Alinskyite using the berating method of argument encouraged by the MSM.

Secondly, think about dumbkoff - if it was of a natural order of the human species to be gay, then humans kind were born to be wiped out thru no birth.

Thirdly, I have no animosity toward gay people, or anyone else, but the "gay marriage" debate is simply an economic one, and one pushed by the Lawyer lobby. So don't make it into a moral or as you venousmously say "bigot" argument. Kneejerk jerk.

The argument is - do / should gay "civil unions" be given the same Fed and State tax treatment ... and federally mandated SS benefits as "married" couples. I will entertain that argument based on its merits... but you a holes start arguing from a 'moral" perspective it is a lame and indeed trojan horse argument.

The louder you shout and the more insults you throw ...the more I know that you are bullshitting.

 

Wed, 06/26/2013 - 15:23 | 3696390 jomama
jomama's picture

dafuq?  where did i insult you?  you obviously took it that way because you're so fucking paranoid and defensive that you have to project your insecurities in full force to further convince yourself you're correct. I asked you a question, which you apparently answered. the argument is not simply an economic one, as much as you'd like to believe.  besides, you wrote: " Gays can marry, ...what can go wrong".  The very premise of your initial post suggests a moral underpinning...choose your words carefully when flinging vitriolic comments around, lest they misconstrued. 

i'm far from a MSM tool, or a parrot for their talking points.  nice attempt at shredding my reply, however.  better luck next time.

 

 

Thu, 06/27/2013 - 19:47 | 3701444 MeelionDollerBogus
MeelionDollerBogus's picture

just another closet gay.

Wed, 06/26/2013 - 12:38 | 3695368 pashley1411
pashley1411's picture

"News" has long since the left the stable of facts, and is now used simply as a narcotic for low-information "citizens".

Its a permanent war-time condition, against reality.   "Reality", those bastards, don't give them an inch.

Wed, 06/26/2013 - 12:34 | 3695380 jomama
jomama's picture

(Kitco News) - Jim Fuckoff

Gold and silver prices sank to nearly three-year lows in overnight trading. Both markets have seen weak-handed long liquidation and technical short-selling in the futures markets due to several factors, including ideas the U.S. economy is getting strong enough that the Federal Reserve will begin to scale back its monetary stimulus program. Comex August gold was last down $39.10 at $1,236.00 an ounce. Spot gold was last quoted down $39.90 at $1,238.25. July Comex silver last traded down $0.866 at $18.66 an ounce.

 

head = spinning like the exorcist

Wed, 06/26/2013 - 12:28 | 3695420 Herkimer Jerkimer
Herkimer Jerkimer's picture

'

'

'

'

I'm glad somebody else is seeing this shit. I've been wondering if I should visit my shrink and have him up the quantity/quality of my anti-psychotic medicine for paranoid delusions.

 

I've been keeping a folder called "Contradictions" just to make sure I wasn't making it all up!

 

•?•
V-V

Wed, 06/26/2013 - 14:10 | 3696033 Herd Redirectio...
Herd Redirection Committee's picture

Put the anti-depressants down!

You are just getting sucked into the disinformation and divide & conquer.

Wed, 06/26/2013 - 12:29 | 3695426 NipponMarketBlog
NipponMarketBlog's picture

 

 

It is just human nature. We MUST have an explanation to what we are observing:

 

http://nipponmarketblog.wordpress.com/2013/06/11/investing-causality-and...

Wed, 06/26/2013 - 12:37 | 3695475 Zigs
Zigs's picture

Journalists are just one more subspecies vying for survival.  A totally predictable animal behavior.  Sadly, many of them believe they're enlightened.

Wed, 06/26/2013 - 12:38 | 3695481 oklaboy
oklaboy's picture

Say it long enough, and say it load enough, and it becomes the truth.....

Wed, 06/26/2013 - 12:38 | 3695483 oklaboy
oklaboy's picture

Say it long enough, and say it load enough, and it becomes the truth.....

Wed, 06/26/2013 - 12:39 | 3695487 oklaboy
oklaboy's picture

loud

Wed, 06/26/2013 - 12:39 | 3695488 oklaboy
oklaboy's picture

loud

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