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Are You Smarter Than A 3rd Grade Economist?

Tyler Durden's picture





 

Presented with little comment aside to hope that it is clear just what this 'recovery' is all about...

 

 

Chart: @Not_Jim_Cramer

 


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Fri, 07/12/2013 - 20:50 | Link to Comment Temporalist
Temporalist's picture

And they shut down my lemonade stand...

Fri, 07/12/2013 - 20:54 | Link to Comment astroloungers
astroloungers's picture

truth from the mouths of babes

Fri, 07/12/2013 - 21:00 | Link to Comment NoDebt
NoDebt's picture

That kid is gonna get thrown outta school.  Guessing it's one of the Tyler's kids.  Love that the search-world on the article is Jim Cramer.  Very funny.

Fri, 07/12/2013 - 21:20 | Link to Comment Say What Again
Say What Again's picture

The only thing missing from that chart is the growth rate of the total compensation for CEOs / Board-Members from the top 100 companies in the SP500.  That would exceed the growth rate of food stamps by a significant margin.

The bernanke is not working to improve "jobs" for the average person in the country.  Rather, he is working for the CEOs mentioned above.

Fri, 07/12/2013 - 23:44 | Link to Comment Element
Element's picture

third-graders can't do log graphs

Sat, 07/13/2013 - 06:04 | Link to Comment Manthong
Manthong's picture

Here is an interesting thing you might wish to do
Go to your next school board meeting and ask the super who is banging down a six figure salary and has an outrageous retirement  if he/she  knows Pi  to 3 or maybe 4 decimal points.
I bet he/she does not.
Go have some fun

Sat, 07/13/2013 - 07:30 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

And they shut down my lemonade stand...

 

You will hear rumors of tyranny....you should ignore them - Barack Obama

Sat, 07/13/2013 - 11:38 | Link to Comment Sudden Debt
Sudden Debt's picture

and subsidised the crachouses downtown.

Sat, 07/13/2013 - 15:21 | Link to Comment Boris Alatovkrap
Boris Alatovkrap's picture

Even in Russia, can make lemon stand easy.

Sat, 07/13/2013 - 04:22 | Link to Comment All Risk No Reward
All Risk No Reward's picture

"The Debt Star will be finished on schedule."
~Da (rth) Bernank

The CEOs are hired help.  It is THE OWNERS for which they all work.

They Live portrays THE OWNERS as aliens and the CEOs, government operatives, Fed operatives, etc...  are like the humans that align with the aliens.

No, I don't think THE OWNERS are physical aliens.  They are human.  But their thought process is alien to almost everyone outside their "club."

 

Fri, 07/12/2013 - 21:36 | Link to Comment HowardBeale
HowardBeale's picture

Obama has proven--thousands of times--he doesn't have a problem with killing children; and he doens't have a problem with assassinating whistleblowers. Thus, this girl's parents should enjoy the remaining time before the drone strike.

Sat, 07/13/2013 - 03:28 | Link to Comment TPTB_r_TBTF
TPTB_r_TBTF's picture

 

 

and Obama so loved the poor

that he created millions more

Sat, 07/13/2013 - 10:07 | Link to Comment imapopulistnow
imapopulistnow's picture

The greatest irony on the Obama Era will be how its policies served to destroy jobs and incomes for the poor.

Sat, 07/13/2013 - 15:21 | Link to Comment Arnold
Arnold's picture

Nice, I borrowed it as a quote, with out attribution.

If it is yours, I will gladly and quickly make it so.ald

Sun, 07/14/2013 - 03:57 | Link to Comment TPTB_r_TBTF
TPTB_r_TBTF's picture

quote's not mine.  it is making the rounds in a chain email.  pass it on...

Fri, 07/12/2013 - 22:27 | Link to Comment Skateboarder
Skateboarder's picture

Graphs are weapons of mass information.

Fri, 07/12/2013 - 22:56 | Link to Comment CPL
CPL's picture

http://www.youtube.com/watch?v=L1JYHNX8pdo

 

This is awesome misinformation with humourous effect.

Fri, 07/12/2013 - 23:45 | Link to Comment Skateboarder
Skateboarder's picture

Holy shit dude. As a Bay Arean, I find that amazingly funny and utterly racist at the same time. You don't realize how many Asian people there are here, especially in the South Bay. Surprised that shit even aired!

Sat, 07/13/2013 - 01:45 | Link to Comment A Nanny Moose
A Nanny Moose's picture

Bang Dae Ho

Sat, 07/13/2013 - 12:28 | Link to Comment Manthong
Manthong's picture

Dear Lord in Heaven..

please make this part of some delusion I am having from the alcohol, drugs or whatever..

it is too insane to think that this could be really put on some broadcast.

I can clean myself up.. but I don't think they could.

but I guess you can't blame the poor talking head..

some clown had to give the copy to some drone to type the headings into the whatever video suite they use.  

Sat, 07/13/2013 - 16:13 | Link to Comment shovelhead
shovelhead's picture

Lol,

My daughters good friend is Korean and even she herself says she should be arrested for 'Driving while Asian'.

Apparently they know their limitations as she was never asked to be designated driver during various college 'off campus activities'.

Sat, 07/13/2013 - 09:57 | Link to Comment Curt W
Curt W's picture

It is incredible the woman did not realize what she was saying.  I laughed so hard I almost peed my pants.

Sat, 07/13/2013 - 11:39 | Link to Comment escargot
escargot's picture

And of course, she says "the NTSB has CONFIRMED (emphasis mine) that these are the names of the pilots...."

Do these news networks just make shit up as they go along now?  I remember the day of Sandy Hook there were many reports that the state police had CONFIRMED that there was a second shooter in custody, then of course that went down the memory hole.

Ergo, that was funny, but people should be furious about reports that use words like CONFIRMED when it's obviously utter bullshit.

Sat, 07/13/2013 - 04:28 | Link to Comment All Risk No Reward
All Risk No Reward's picture

Got graphs?

Poverty is not a Choice (it isn't a bug, it is a feature!)
https://www.youtube.com/watch?v=yeIS0QyMXvo

Debt Money Tyranny
http://www.keepandshare.com/doc/4768883/debtmoneytyranny-6-1-pdf-60k?tr=77

Weapons of Mass Debt
http://www.keepandshare.com/doc/3324744/wmdebt-graph-3-79k?tr=77

Renaissance 2.0
https://www.youtube.com/watch?v=96c2wXcNA7A

Debunking Money
https://www.youtube.com/watch?v=7_yh4-Zi92Q

How to be a Crook
https://www.youtube.com/watch?v=2oHbwdNcHbc

Last, but not least...  Organic GDP (GDP minus debt games) is contracting $500 billion a quarter and falling fast (third chart down):
http://market-ticker.org/akcs-www?singlepost=3216019

Sat, 07/13/2013 - 00:21 | Link to Comment Georgiabelle
Georgiabelle's picture

Actually, if you turn the chart sideways and squint at the blue bar it kind of looks like the barrel of a gun, which, of course, is grounds for expulsion at most public elementary schools these days.

Sat, 07/13/2013 - 06:10 | Link to Comment Flagit
Flagit's picture

kids are some of the brightest minds on the planet. at this stage their brains are not clogged up with the stress and mess that is todays world. they have yet fully vested in the stock market of insanity. not to get paranormal, but its along the same lines as a child being more likely to see a spirit or a whatever. saw it in a movie once.

they really tell it like it is.

http://www.happyplace.com/3907/unintentionally-inappropriate-test-respon...

Sat, 07/13/2013 - 04:22 | Link to Comment Wile-E-Coyote
Wile-E-Coyote's picture

My three year old sending articles in to ZH again.

Sat, 07/13/2013 - 09:19 | Link to Comment TrulyBelieving
TrulyBelieving's picture

It's not that kids got smarter, it's that adults got dumber. Only willful ignorance could believe in tptb's lies and deception, and our kids just aren't as exposed to their propaganda, yet.

Fri, 07/12/2013 - 21:02 | Link to Comment Croesus
Croesus's picture

That is a future goldbug in the making! 

Fri, 07/12/2013 - 21:19 | Link to Comment old naughty
old naughty's picture

Let's be positive:

Future leader in the terminator states.

Fri, 07/12/2013 - 22:17 | Link to Comment xtop23
xtop23's picture

"Awwwww, look mommy, little Johnny Connor is drawing a bar chart."

Fri, 07/12/2013 - 21:36 | Link to Comment treasurefish
treasurefish's picture

If they are corrupted absolutely, at what point did we give them absolute power? I have a feeling we didn't, but it was taken on a dark, obscure island off the coast of Georgia during Christmas of 1913.

Sat, 07/13/2013 - 06:29 | Link to Comment de3de8
de3de8's picture

Send out the drone

Sat, 07/13/2013 - 11:33 | Link to Comment Smegley Wanxalot
Smegley Wanxalot's picture

Take it away?  No.  You can have your lemonade stand.

You just need to follow the rules:

1) apply for city, county, state, and local permits.

2) pay bribes to civil servants to be approved.

3) obtain all insurances.

4) obtain and pass training in food handling.

5) get a tax ID to collect/remit sales taxes on fast food

6) ensure you will not sell your lemonade in quantities exceeding 16 ounces.

7) subject your stand to lengthy safety inspection before opening.

8) be prepared to endure surprise health inspection during operations.

9) check the lemon supply chain for misuse of child labor

10) provide clean toilet facilities to the general public.

11) present your lemonade in a manner that is not demeaning to people of different races, ethnicities, religions, and all 41 unique gender identifications

12 - infinity) a shit-ton of stuff I forgot.

Now enjoy your Saturday afternoon selling lemonade, kid! And dont forget, we here at City Hall are here to serve!

Sat, 07/13/2013 - 11:38 | Link to Comment azengrcat
azengrcat's picture

I'm going to open a lemonade stand that allows EBT. I'm gonna be rich!

Fri, 07/12/2013 - 20:51 | Link to Comment UP Forester
UP Forester's picture

Ahh, W has graduated to crayons!

Fri, 07/12/2013 - 21:38 | Link to Comment HowardBeale
HowardBeale's picture

And before the crayons, his penis?

Sat, 07/13/2013 - 00:35 | Link to Comment ghengis86
ghengis86's picture

Yeah, I green'd you b/c I drunk.

Fucking d-bags can't take a joke on a Friday night

Sat, 07/13/2013 - 01:49 | Link to Comment HowardBeale
HowardBeale's picture

Appreciate the "green" vote; and I can't imagine why anyone would find the question unreasonable; i.e., what DID W use before crayons? I can easily picture him masturbating and cumming all over his parents while they slept. How is THAT NOT a representation of one's innermost thoughts...

Fri, 07/12/2013 - 20:51 | Link to Comment Creepy Lurker
Creepy Lurker's picture

Little Johnny is gonna get in trouble for that...

Fri, 07/12/2013 - 20:55 | Link to Comment tom a taxpayer
tom a taxpayer's picture

Five gold stars! Go to the head of the class!

Fri, 07/12/2013 - 21:31 | Link to Comment mt paul
mt paul's picture

stuff the gold stars

give him a gold coin ...

Fri, 07/12/2013 - 21:56 | Link to Comment Creepy Lurker
Creepy Lurker's picture

Bet he's smart enough to appreciate it.

Fri, 07/12/2013 - 20:55 | Link to Comment spankfish
spankfish's picture

Crap, that looks like the shit I turn in at work... except I can't color inside the lines.

Fri, 07/12/2013 - 21:22 | Link to Comment Say What Again
Say What Again's picture

If its not in powerpoint format, then it can't be true.

Fri, 07/12/2013 - 23:19 | Link to Comment SgtSchultz
SgtSchultz's picture

Is that a new Excel chart option?

Fri, 07/12/2013 - 20:59 | Link to Comment Yen Cross
Yen Cross's picture

  Ask Jeff foxworthy/ He's been accosted by 5th graders on occasion.

Fri, 07/12/2013 - 21:00 | Link to Comment One And Only
One And Only's picture

Whatever "kid" that wrote this is an unpatriotic terrorist.

Detain the child and send them to the patriot re-education camp principled by Paul Krugman.

Fri, 07/12/2013 - 21:00 | Link to Comment gwar5
gwar5's picture

Little Johnny Fukkerfaster: "Teacher, by the size of the nuts on that cat, I'd have to say that tail has been bolted on..."

Fri, 07/12/2013 - 21:29 | Link to Comment Say What Again
Say What Again's picture

I think you mean to say; "the tail has been STRAPPED on"

Fri, 07/12/2013 - 21:40 | Link to Comment HowardBeale
HowardBeale's picture

I don't get it, but I'm still laughing...

Fri, 07/12/2013 - 21:07 | Link to Comment Yen Cross
Yen Cross's picture

  Timmy Geithners' N.Y. Fed. application, before he discovered "Turbo Tax®"...

Fri, 07/12/2013 - 21:10 | Link to Comment B2u
B2u's picture

The IRS has scheduled an audit of his family, parents, grandparents, uncles, aunts, cousins.....

Sat, 07/13/2013 - 04:26 | Link to Comment Wile-E-Coyote
Wile-E-Coyote's picture

Also the kid will be put on meds for his own safety.

Fri, 07/12/2013 - 21:12 | Link to Comment q99x2
q99x2's picture

FEDs are moving in to take over CA because of its agriculture and the size of the State. If they can maintain the control of several key states it will prevent a revolution from toppling them.

Fri, 07/12/2013 - 21:21 | Link to Comment Totentänzerlied
Totentänzerlied's picture

Yeah, 100 years ago. Have you been living under a rock?

Fri, 07/12/2013 - 23:15 | Link to Comment Yen Cross
Yen Cross's picture

  I love both you guys. +2    At least you're on the same page.  That's a good thing!

   You both agree that 'California', has been sodomized over the last 100 years <

Fri, 07/12/2013 - 23:48 | Link to Comment Skateboarder
Skateboarder's picture

No Mexicans working everyday in the Central Valley = no food. Simple as that. Cali's got an important place in the food chain.

Sat, 07/13/2013 - 00:03 | Link to Comment Yen Cross
Yen Cross's picture

 Are you suggesting illegal imigration, (harvest season) Central Valley, quantifies the agricultural multiplier of Californias GDP?

   Yen Cross calling Iridium Rebel ! I/R is married to a "Health Professional"....  Let's discuss costs?

Sat, 07/13/2013 - 00:14 | Link to Comment Skateboarder
Skateboarder's picture

What's the use of discussing immigration when the nature of law itself is compromised. iR is one of my favorites; let's hear his opinion on how important the farmworker is in CA.

CA's tech sector makes the world go a little bit rounder and bigBro a lot bigger, but someone's gotta feed all those hungry, lazy, amoral mouths.

Sat, 07/13/2013 - 00:51 | Link to Comment Yen Cross
Yen Cross's picture

  " What's the pointe' of discussing]] immigration?   LOOK SOUTH!

   I'm looking  NORTH!

Fri, 07/12/2013 - 21:15 | Link to Comment reTARD
reTARD's picture

Who's Fred Snap?

Sat, 07/13/2013 - 01:07 | Link to Comment CheapBastard
CheapBastard's picture

Fred's related to Ima Ebt.

Fri, 07/12/2013 - 21:27 | Link to Comment FleaMarketPete
FleaMarketPete's picture

I guess it depends on your political base.

Fri, 07/12/2013 - 21:29 | Link to Comment GeneralMunger
GeneralMunger's picture

Brilliant!

Fri, 07/12/2013 - 21:33 | Link to Comment jim249
jim249's picture

A bit off topic, China to release 2nd quarter GDP on Sunday night. Econs are expecting 7.5%. An article from WSJ stating that lower growth is acceptable from a Chinese offcial. Is this an advance warnig?

 

http://online.wsj.com/article/SB1000142412788732442520457860089053603759...

 

To get the full article, Google: wsj china gdp.

 

Fri, 07/12/2013 - 21:36 | Link to Comment Yen Cross
Yen Cross's picture

  Get ready for the squeeze.

 * all times are GMT-8 .

 

   
19:00       CNY             Chinese Fixed Asset Investment (YoY)           20.2%     20.4%      
19:00       CNY             Chinese GDP (YoY)           7.5%     7.7%      
19:00       CNY             Chinese GDP (QoQ)           1.8%     1.6%      
19:00       CNY             Chinese Industrial Production (YoY)           9.1%     9.2%      
19:00       CNY             Chinese Retail Sales (YoY)           12.9%     12.9%      
20:00       KRW             South Korean Trade Balance                 5.50B      
22:00       SGD             Singaporean Retail Sales (YoY)                 -0.5%      
23:00       INR             Indian WPI (YoY)           4.90%     4.70%      
Tentative       INR             Indian Trade Balance           -14.80B     -20.10

Fri, 07/12/2013 - 21:34 | Link to Comment otto skorzeny
otto skorzeny's picture

It'll be a slight beat followed by a later revision downward - duh.

Fri, 07/12/2013 - 21:45 | Link to Comment Tombstone
Tombstone's picture

Why work when the getting is so good from the Obummer cornucopia?  Isn't socialist craptopia the best of all worlds? 

Fri, 07/12/2013 - 21:48 | Link to Comment gaoptimize
gaoptimize's picture

My going-to-be 2nd grader is not.  I am.  She's happier, so who wins?

Fri, 07/12/2013 - 23:03 | Link to Comment Element
Element's picture

I bet you don't see that graph on CNBC.

Sat, 07/13/2013 - 00:01 | Link to Comment JailBanksters
JailBanksters's picture

The Chart proves, you can have Infinte Growth

Sat, 07/13/2013 - 01:07 | Link to Comment ebworthen
ebworthen's picture

FOOD STAMPS!!!

Got to sign up for that shit; get all my cash out of the banks and apply for that gravy.

Jamie Dimon and Chase and Wells Fargo and Citi and Fannie/Freddie and Wall Street have theirs, where's my cut?

Fuckers.

Sat, 07/13/2013 - 01:47 | Link to Comment Yen Cross
Yen Cross's picture

     Call me ;  www. Gov.Nine Ball/ fed inventory/ 17 t...

 

 

 


 

 

 

 

 


 

 


Sat, 07/13/2013 - 06:25 | Link to Comment fijisailor
fijisailor's picture

Here is what Jim Sinclair has to say about our situation in the US and why owning gold is a winner:

 

1. First interest rates rise affecting the drivers of the US economy, housing, but before that auto production goes from bull to a bear markets.

2. This impacts many other industries and the jobs report. An economy is either rising at a rising rate or business activity is falling at an increasing rate. That is economic law 101. There is no such thing in any market as a Plateau of Prosperity or Cinderella – Goldilocks situations.

3. We have witnessed the Dow rise on economic news indicating deceleration of activity. This continues until major corporations announced poor earnings, making the Dow fall faster than it rose, moving it deeply into the red.

4. The formula economically is inherent in #2 which is lower economic activity equals lower profits.

5. Lower profits leads to lower Federal Tax revenues.

6. Lower Federal tax revenues in the face of increased Federal spending causes geometric, not arithmetic, rises in the US Federal Budget deficit. This is also true for cities & States as it is for the Federal government.

7. The increased US Federal Budget deficit in the face of a US Trade Deficit increases the US Current Account Deficit.

8. The US Current Account Balance is the speedometer of the money exiting the US into world markets (deficit).

9. It is this deficit that must be met by incoming investment in the US in any form. It could be anything from businesses, equities to Treasury instruments. We are already seeing a fall off in the situation of developing nations carrying the spending habits of industrial nations; a contradiction in terms.

10. If the investment by non US entities fails to meet the exiting dollars by all means, then the US must turn within to finance the shortfall.

11. Assuming the US turns inside to finance all maturities, interest rates will rise with the long term rates moving fastest regardless of prevailing business conditions.

12. This will further contract business activity and start a downward spiral of unparalleled dimension because the size of US debt already issued is of unparalleled dimension.

Therefore as you get to #12 you are automatically right back at #1. This is an economic downward spiral.

I heard all this “slow business” as negative to gold talk in the 70s. It was totally wrong then. It will be exactly the same now.

Sat, 07/13/2013 - 07:16 | Link to Comment Apostate2
Apostate2's picture

OK, cute. Make the point about debt vs productivity. WE KNOW THIS. What  next?

Sat, 07/13/2013 - 07:25 | Link to Comment BattlegroundEur...
BattlegroundEurope2011's picture

This is BS.

 

That chart was "created" by a Media graduate from a top US College.

Sat, 07/13/2013 - 08:21 | Link to Comment U4 eee aaa
U4 eee aaa's picture

I would agree with you but the data on the graph and the conclusions it implies makes that an impossibility. No one from a top college would either come to this conclusion or dare to publish it fearing severe career damage

Sat, 07/13/2013 - 07:36 | Link to Comment Peter Pan
Peter Pan's picture

How about a bar graph showing the military deaths per year with the total military expenditure for each of those years.

And when I say deaths, I mean deaths. I don't want decent men who died in the helicopter whilst being evacuated, or dying in hospital not being included due to some new stupid definition that excludes men and women who did not die with their boots on the ground.

If the article on this link is correct, then Goebbels is alive and well.

http://www.viewzone.com/wardeaths.html

Does anyone have stats that prove these figures as being incorrect?

Sat, 07/13/2013 - 10:04 | Link to Comment New_Meat
New_Meat's picture

and bernays smiles gently with his hand on Joe's shoulder.

Sat, 07/13/2013 - 08:01 | Link to Comment Vince Clortho
Vince Clortho's picture

This 3rd grader is obviously a terrorist.

Homeland Security and Team Drone will be all over attack on the integrity of the USA.

Sat, 07/13/2013 - 08:18 | Link to Comment U4 eee aaa
U4 eee aaa's picture

That's not done with a PDF file. How is the NSA going to possibly file his dissident behavior? Fire his teacher!

Sat, 07/13/2013 - 10:43 | Link to Comment rosiescenario
rosiescenario's picture

Was the choice of colors a coincidence?

Sat, 07/13/2013 - 10:46 | Link to Comment rosiescenario
rosiescenario's picture

Food Stamps....the other bitcoin......but more easy to redeem.

Sat, 07/13/2013 - 14:27 | Link to Comment StarTedStackin'
StarTedStackin&#039;'s picture

That's the Hoax and Chains that white America elected!

Sat, 07/13/2013 - 18:23 | Link to Comment Manipuflation
Manipuflation's picture

I am going to show this to my wife and daughter as an example of good parenting.

Do NOT follow this link or you will be banned from the site!