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Spot The European Economic Recovery
As we recently exclaimed, European macro data is deteriorating rapidly (even as talking-head after talking-head simply ignore this 'fact' and steer investors into EU stocks because, well, they are going up). That "Europe is recovering" meme appears an unarguable truth - except when you look at the truth of the following chart.
Top-down...
and bottom-up.
There is a silver lining: as nobody can afford cars, more and more Europeans will ride bikes. Oh wait, it was America that had an obesity epidemic. Oh well.
Source: Natixis, Goldman and @Not_Jim_Cramer
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lol, long DAX bitches
No wonder Euro Stoxx have been performing so well. That absymal economic performance points to more printing:
http://dareconomics.wordpress.com/2013/11/04/around-the-globe-11-04-2013/
Look it!
It's right there.
There!
Right where the line stops at the bottom of the chart!
Yeah!
There!
There's no more paper for it to go any lower so it has to level off or rise.
That's modern technical analysis.
It's good.
All good.
yeah
over there
look a pony!
I remember when I got paper chart books mailed to me every two weeks; for all the commodity markets., During the interim you had to keep the previous paper chart up to date with phone calls and a ball-point pen. It turned out that running out of paper doesn't stop market deterioration. I clearly remember taping on a half-sheet of paper to the bottom of the printed page with clear tape and charting on into "space", before the new chart book arrived. Those were the days ! Paper Charts and Iron Traders ! Now all you pussies have to do is press a button on your computer and bingo; more opportunity to make mistakes pops up then you can deal with. Progress is so wonderful.
As US-UK goes, so goes EU and the Eurozone. It's really a race to the bottom, so either one may hit rock bottom before the other.^ "All Four Wheels Come Off The Anglo-American Juggernaut"
http://cosmicconvergence.org/?p=2127
There are over 80 million people in Germany, while long is good for now (even though overbought) those charts say nothing about the relative strength of the economy compared to the other countries.
What's your point? You do understand they have a "common currency"? right? Right. In other words, chained together at the neck until dead. Is there some part of this you don't understand?
But the wealthy are buying up exotic Italian cars like they are going out of style. Doesn't all that wealth trickle down and raise all boats? I'm writing to Santa right now to get to the bottom of this.
Re: I'm writing to Santa right now to get to the bottom of this.
Which exotic Italian car are you going to ask Santa for?
He'll ask for a Ferrari, but get a Fiat.
But the Fiat will be from "Uncle Bennie" right?
There was a time I really wanted pretty much any of the leading options. Not so much any more. First, I've realized that having an expensive car does not solve all of life's problems, and if I had the money I would spend it elsewhere. Second, when the SHTF, I want to be in something less conspicuous.
Re: I want to be in something less conspicuous
Oh man, the people on here are so pessimistic.
You can't have an endless parade of high-end-hotties without an expensive Italian sports car!
I think this site just doesn't have its priorities straight sometimes.
Make sure its something you can run on electricity. It will be the last to go and you can generate it easy with horses or humans and a generator. Gas wont be found anywhere after only a few days after the crisis.
Now that you mention it, I guess I could keep the Italian job in the garage when the collapse comes.....
That's not your garage.
Pebble Beach Auctions 2013: A $27.5 million car and some other stuffhttp://www.roadandtrack.com/go/news/classic-cars/news-classic-cars-pebbl...
Darn! The magic of saying 'things are getting better' isn't working any more. WTH?
Who'd a thunk?
WINNING
Not true. Italian car registrations are going to increase and housing & property boom is hotter and hotter in Germany and Nordic countries.
All that nut-racking has to cut into the native birth rates some more too.
Awesome!
REAL growth is BAD in the new normal.
There's 8 million bicycles in... Euroland.
So the PIIGS are vampire (Germany) food, I am just shocked, shocked I tell you...
It's RIGHT THERE, can't you see it?
kill the car industry and build the bicycle industry
ass backwards takes on new meaning everyday
thanks to all you socialists/central planners for making all of this happen and bringing forth all this prosperity
Re: this prosperity
Well "prosperty" isn't just an amount of money.
Maybe all the ISM people are too hung-up on "properity" being GDP. A bicycle can be as useful as a car in a european city.
Whatever happened to usefulness?
Socialist? Central planners? I thought McCarty had long gone...
So much for the bankster's euro common currency experiment. One huge mountain of bubble and bust collapse per graph # 1 .
Where's Cyprus on the "cars sold" chart? Don't they do negative bar graphs anymore?
Fat bottomed girls.
PIGS will be pigs
My usual wise ass self aside, I follow Irish real estate prices closely and even though the prices have fallen quite a bit, what's keeping them up? I can understand speculators in Dublin but who's buying houses out in the West and Northwest? 300,000 euros for a house in Cork. You have got to be shitting me. How many people in Cork make that kind of dough? Decline, yes. Collapse? Nope.
Great Max Keiser show for the Ireland followers:
http://www.youtube.com/watch?v=fcESeKY3L_w
As far as I know; unless they have an unknown secret internet Porn Web; nobody in Cork made any money. God only knows who is closing on these house sales. Retired Ukrainian Prostitutes ?
So....their market will go up because this allows them to print lots of money?
DAX hits new 5y high at Wall Street close!, what a farce
Clearly conditions are getting so bad for the poor and middle class that the central banks will be forced to hand more trillions to the mega-rich.
Motherfuckingbullish!
My local Buick dealer made an advertisement with a 60 something black couple dancing on a porch telling them they can lease a new Buick Verano for $80 a month.
I though the ad was very racist. Telling black people they can only afford $80 a month for a car.
I think we've hit peak GM.
$250 due at signing, $35,000 due at end of lease (worry about that tomorrow...er...2019).
That's one magical residual.
Shit they can rent a new Buick on their EBT card. What a scene.
Short Crysler - Fiat is fucked. Making mid sized sedans or even eco cars in Europa is dead as a door nail. This is not cyclical but very structural.
That said Italy still has the hottest pussy in the world bar none.
Ukrainian; Latvian; Hungarian. Lot of pussy out there; don't be too quick to judge; do a long term survey.
Dick loves Spot, run Spot run, as Dick throws Spot a ball!!!
Awwwww, forgive the nostalgia, and let me wax morons in the EU, poor beggars! Lie, steal, cheat and still can't catch a break, what's the woild turnin' to!!!
The trick is on them, problem the treat will be ours? How ironic?
Prepare accordingly!
Economic "recovery": http://memegenerator.net/instance/37082591
This is just a correction. The european stock market will keep going up. Its one yr. into a bull market so its just getting started.
prices are falling in Spain and Italy actually. Same is true for Greece apparently. Lot's of upgrades for Spain all of sudden but it sure is hard to see a recovery coming anytime soon.
I'm not saying that this is a recovery, but the stock markets will go up in Europe just as they have been going up in the U.S. for 4 yrs.. I also think both are unsustainable and will come crashing down, but this isn't going to happen anytime soon. It takes time for empires to fall.
The EURO; the little currency that sounds like a urinary track disease, another interesting experiment by the French; world authorities on currencies who drove two of their own currencies to zero in the same century; without a foreign war. Real experts on paper, they are.
I don't get that last chart, total cars & bicycles sold. What does it have to do with anything? I guess someone is trying to insinuate Europeans can't afford cars anymore, so they're switching to bicycles. They may be right, but even in that case, they should've produced a chart showing how the respective figures have developed over time.
The city structure is very different in Europe than in the U.S. In the U.S., the most popular places to live are in suburbs, hence you need a car. In Europe, the most popular/expnesive places are in downtown, inner cities, close to town squares, piazzas, whatever. Hence, people buy lots of bicycles, scooters, tiny cars, as those are more convenient.