If You Believe In The Recovery, Do Not Look At This Chart

Tyler Durden's picture


Just a few moar years of unlimited open-ended quantitative money printing and we are sure this will all be fixed...



via @Not_Jim_Cramer


Of course it does beg the question Rick Santelli asked...

"[What the Fed minutes said] is, listen, we have to wait for bigger confirmation that the economy is doing better; and for that, we're going to look at the employment side. [At the same time] we have the fewest people working that can work in 30 years, and all-time-record-high profits for corporations. Now, does that strategy sound rational to you?" It seems, now that Bernanke has seemingly promised that it will really never end, that Santelli's question will become increasingly critical in this country.



How does this end?

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Tue, 10/22/2013 - 09:26 | 4079126 toe
toe's picture

everthing is so fuckeddd....



buy anything not nailed down.

Tue, 10/22/2013 - 09:32 | 4079152 GetZeeGold
GetZeeGold's picture



That damn Tea Party caused this....didn't they?

Tue, 10/22/2013 - 09:40 | 4079185 Seasmoke
Seasmoke's picture

No George Bush did. He doesn't like the Tea Party either. 

Tue, 10/22/2013 - 09:48 | 4079211 john39
john39's picture

tea party is just part of the control system.  exhibit A, Ted Cruz' wife is a goldman sachs exec.  need i say more?

Tue, 10/22/2013 - 09:56 | 4079222 SafelyGraze
SafelyGraze's picture

these charts are incredibly misleading

first, they neglect to show the numbers of computers and robots that companies have been employing

these numbers have skyrocketed

also, they neglect to show the number of human employees who happen to be located offshoer

when you take these factors into account, you will see that 'employment' (when measured properly) has never been higher


Tue, 10/22/2013 - 10:32 | 4079349 Shocker
Shocker's picture

Recovery, don't look

Layoff / Business Closing List



Tue, 10/22/2013 - 10:40 | 4079376 outamyeffinway
outamyeffinway's picture

You can blame Billy Clinton mor than Bush. Fuck you Clinton! You destroyed US!

Tue, 10/22/2013 - 10:53 | 4079432 Chump
Chump's picture

But, but, but...he ran a SURPLUS!!!11!!!1!eleventy!!1!

Tue, 10/22/2013 - 11:09 | 4079481 moneybots
moneybots's picture

"You can blame Billy Clinton mor than Bush. Fuck you Clinton! You destroyed US!"


Only one republican in the Senate, Shelby, voted against dismantling Glass Steagall.  Bush's SEC gave leverage waivers to the investment banks.  They all crashed in 2008.

Clinton certainly does deserve blame, but take off the blinders.



Tue, 10/22/2013 - 13:06 | 4079864 bh2
bh2's picture

Then why were Dems unable to bring back G-S when they controlled both legislative branches as well as the white house? This isn't a problem of differing views of the main parties. It's a problem of majority agreement to continue with corruption.

Wed, 10/23/2013 - 02:19 | 4081946 TheRedScourge
TheRedScourge's picture

For anyone wondering, corporate profits are at all time highs because they're cutting capex because they don't know what crazy emergency legislation might come next, and they don't want to be half way through some expensive project only to suddenly find it's been buggered up by the O team.

Tue, 10/22/2013 - 10:59 | 4079456 lcs
lcs's picture

Sarcasm is a dish best served cold.

Tue, 10/22/2013 - 11:24 | 4079545 Honey Badger
Honey Badger's picture

As a result of the American Recovery and Reinvestment Act passed by Congress in February 2009, many unemployed people can receive up to 99 weeks of unemployment benefits; this may depend on State legislation. Before the passage of the American Recovery and Reinvestment Act, the maximum number of weeks allowed was 26 weeks.


If you pay people to not work, they won't work.

Tue, 10/22/2013 - 10:15 | 4079296 kridkrid
kridkrid's picture

That's fantastic... I wasn't aware. She also worked for Condi Rice. It's interesting to hear the media press the "the most divided the country has ever been" meme... such molding. Remarkable to witness.

Tue, 10/22/2013 - 11:07 | 4079473 hedgeless_horseman
hedgeless_horseman's picture



"the most divided the country has ever been" meme... such molding. Remarkable to witness.

Indeed, the most ruled, too.


Tue, 10/22/2013 - 11:42 | 4079614 Ghordius
Ghordius's picture

"She also worked for Condi Rice". for the US Security Advisor which wasn't fired although on her "watch" 9/11 happened or on the Chevron supertanker called "Condoleeza Rice"?

Tue, 10/22/2013 - 09:46 | 4079205 Sudden Debt
Sudden Debt's picture

Obama would be able to do a much better job if there wouldn't be any other parties besides his and when he gets his 3rd term! And 4th and 5th!

Tue, 10/22/2013 - 11:02 | 4079465 lostintheflood
lostintheflood's picture

That damn Tea Party caused this....didn't they?

if you are a citizen of the united states, and you want to know who to blame, look in a mirror...

Tue, 10/22/2013 - 09:44 | 4079197 Sudden Debt
Sudden Debt's picture

37 WEEKS...

I feel a movie script comming up... where braindead "people" roam the streets without any real goal but to feed themselves...


Tue, 10/22/2013 - 09:57 | 4079231 Agent P
Agent P's picture

I've already got a title for the sequel: "Social Security Disability"

Tue, 10/22/2013 - 10:02 | 4079247 Cursive
Cursive's picture

@Sudden Debt

Hmmm.  I'm thinking that the Hollywood types can turn this into a romantic comedy.  Coming to a theater near you, "37 Weeks," a light-hearted romantic comedy.  Justin can't find a job and he can't find a woman.  But his helicopter divorcee' mom has just the right plan to get him out of her basement: she's taking a night time job as a pole dancer to scrounge up some extra cash and find a girlfriend for Justin.  But will her co-worker, Ambrosia, be head-over-heels for Justin?  Laughs a plenty as this hottie bisexual whore finally deflowers Justin, but really has eyes for his hot-as-fresh-pancakes pole-dancing Mom...Who's gonna end up with Ambrosia?  Find out this December, in a new twist on a Christmas classic....

Tue, 10/22/2013 - 10:19 | 4079310 Chump
Chump's picture

Awesome.  You have a bright future producing shit movies!

Tue, 10/22/2013 - 10:21 | 4079316 marathonman
marathonman's picture

You have a gift.

Tue, 10/22/2013 - 11:19 | 4079525 RichardENixon
RichardENixon's picture

If I were a bankster rolling in fiat I would bankroll that movie Cursive. It has that "Instant Cult Classic" sound to it.

Tue, 10/22/2013 - 12:36 | 4079791 TBT or not TBT
TBT or not TBT's picture

Cursive's casting couch is ready to go.

Tue, 10/22/2013 - 11:04 | 4079469 Groundhog Day
Groundhog Day's picture

You mean real life walking dead? 

Tue, 10/22/2013 - 15:22 | 4080402 AGuy
AGuy's picture

"37 WEEKS...I feel a movie script comming up... where braindead "people" roam the streets without any real goal but to feed themselves..."

Which begins in 10 days when the Food Stamp Cuts take effect (Nov 1, 2013). I fear your movie will not be a fictious horror film, but a documentary!


Tue, 10/22/2013 - 09:47 | 4079198 SheepDog-One
SheepDog-One's picture

As long as it's a useful commodity, buy it. This stock ramp scam is to convince people what they need is paper.

Tue, 10/22/2013 - 11:08 | 4079477 hedgeless_horseman
hedgeless_horseman's picture



What about my investment in tulip bulbs?

Tue, 10/22/2013 - 11:43 | 4079617 Agent P
Agent P's picture

They should hit their peak sometime in the spring.

Tue, 10/22/2013 - 12:03 | 4079686 KrazyMax
KrazyMax's picture

This pretty well describes our situation!



Tue, 10/22/2013 - 09:27 | 4079132 SandiaMan
SandiaMan's picture

Limp Dick Dictator

Tue, 10/22/2013 - 09:28 | 4079137 Cognitive Dissonance
Cognitive Dissonance's picture

"But this time is different." - Ben Bernanke Janet Yellen

Tue, 10/22/2013 - 09:32 | 4079155 bigdumbnugly
bigdumbnugly's picture

picturing a bald, unshaven janet yellen...

Tue, 10/22/2013 - 09:37 | 4079173 TeamDepends
TeamDepends's picture

Can't y'all see that Yellen is Bernanke in a wig with a little shin-reduction surgery thrown in?

Tue, 10/22/2013 - 09:39 | 4079179 therevolutionwas
therevolutionwas's picture


Tue, 10/22/2013 - 12:39 | 4079800 TBT or not TBT
TBT or not TBT's picture

By which you meant Nooooooo!, presumably.

Tue, 10/22/2013 - 10:41 | 4079378 krispkritter
Tue, 10/22/2013 - 09:29 | 4079144 LawsofPhysics
LawsofPhysics's picture

Once this chart reverts to the mean 15 week duration, then we might get a real "recovery", certainly not before.

Tue, 10/22/2013 - 09:29 | 4079146 Cdad
Cdad's picture

It ends...with every nation on the planet Earth selling US treasuries.  

Tue, 10/22/2013 - 09:38 | 4079174 Cunnial
Cunnial's picture

Yeah but King-Krug said that won't matter... So we'll all be fine...

Oh wait... Who?!

Tue, 10/22/2013 - 10:22 | 4079320 onewayticket2
onewayticket2's picture

how does it end?  collapse, confiscation, global governance.

Tue, 10/22/2013 - 09:40 | 4079187 LawsofPhysics
LawsofPhysics's picture

I'd like to know what percentage of American debt is actually held by other countries.  If the the Fed owns the entire market, then who gives a shit, just get the fuck away from FRNs.

Tue, 10/22/2013 - 10:24 | 4079326 Joeman34
Joeman34's picture

$5.588 / $18Tr = ~30%,  http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt

Of course this does not include unfunded future liabilities...

Tue, 10/22/2013 - 11:10 | 4079484 LawsofPhysics
LawsofPhysics's picture

Had no idea that Brazil had such a large share.

Tue, 10/22/2013 - 11:58 | 4079649 Ghordius
Ghordius's picture

I note that even Ireland holds 117bn. that's quite a feat, for such a small country (pop of 4.5m). and it's an increase from last year's 91.8bn

per (Irish) head, that's cool 26'000 bucks, and the Y/Y increase of 25.2bn is, again per head, 5'600 USDs

Tue, 10/22/2013 - 12:03 | 4079677 tip e. canoe
tip e. canoe's picture

now you know how & why the Irish bailouts a few years back.

spread the paper (pain) baby, quid pro quo style.

Tue, 10/22/2013 - 11:17 | 4079517 Crime of the Century
Crime of the Century's picture

Of course this does not include unfunded future liabilities...

Say that in a mirror three times and Landotfree shows up

Tue, 10/22/2013 - 09:59 | 4079239 stormsailor
stormsailor's picture

so what if they do?  they have to be paid off in frn.  so the federal reserve just batter whips up a couple hundred decimal places and pays them. woohoo.  and when they try to buy commodities with the frn, you might think the price would go up, but woo,hoo,  whip up a couple hundred decimal places and short the piss out of the market, same for gold, grain, all commodities.


the selling of our treasuries will not do anything, and the t-bill holders are selling, just not all at once.  and are buying gold, and properties, etc. it is in their best interest for the charade to go on.


maybe krugman is right

Tue, 10/22/2013 - 11:00 | 4079459 yogibear
yogibear's picture

"It ends...with every nation on the planet Earth selling US treasuries."

Them are fighting words and good enough for the elite to start a major war.

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