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When They Say The Global Economy Is Growing They Really Mean This...
Forget "A Tale Of Two Cities," the entire world is "A Fiction Of Two 'Economies'"...
h/t @Not_Jim_Cramer
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Comparing apples and oranges.
Asset prices and balance sheets are both a financial snapshot of a particular moment in time. The unit is $.
GDP is a rate of flow. The unit is $/yr.
This article is like someone comparing length and speed. They are two completely different things.
So without the hike in CB assets and equity valuations, GDPs would be where?
http://www.zerohedge.com/users/occident-mortal
They lie about how bad things are in order to consolidate power while the American dream crumbles.
Documentary: The decline of the American empirehttp://www.planbeconomics.com/2013/11/documentary-decline-of-american-em...
So wealth has been moving from the economy to Wall Street and the Fed, what we've been seeing five years now. Eventually they end up with everything. Gosh, whocouldanode.
"So without the hike in CB assets and equity valuations, GDPs would be where?"
Exactly. When the debt accrued to get those debt-pumped GDP figures are subtracted from them, the US hasn't had an actual productive GDP increase since since the 1980s with large negative figures since 2008.
You mean there aren't any appanges?
There are orles though...
http://www.thefreedictionary.com/orles
DavidC
ABC new reports comet Ison was destroyed in its perihelion and that quantitative easing is responsible for green shoots across America.
The term green shoots is so 2009
Just be ready for the brown sharts.
Here is a closeup of ISON.
It was taken from this site.
Hey Tim.
It burned up.
Zetas wrong again! Muahahaaaaa
Suspicious0bservers has got nice pictures of Ison. It survived.
http://youtu.be/WZcQ9fNBm2c
It is very appropriate to compare apples and oranges, length and speed, or any two time sequenced values. When investigating trends it makes a lot of sense. For example you can overplot cost of oil (in $/bbl) and miles driven/yr and it makes a lot of correlative sense even though the units are not related. Another comparison plot may relate IQ of politicians vs. time vs. number of Massage Parlors in Washington D.C.
The goyim can still eat cake... or my ass.
Take your chip and buy some knee pads bitchez!
There's a return on commerce.
The chart suggests the possibility of privatization's return
consisting of mainly skimming from commerce in such
fashion as to cause commerce itself to shrink, probably
from diminished value (personal equities.)
The mirror image certainly is consistent with the possibility
of correlation.
when speed = 0, length = 0
when speed is negative (going backwards), length = negative
have a nice day
Great conversation Gents. I was looking where Sean Connery resides currently.
http://virtualglobetrotting.com/map/sean-connerys-house/
Bermuda! He's left his Scottish enclaves for sovereign-ness Marbella Spain as well...
James Bond sees' the shit storm coming!
Global serfdom; but with technology and mass transit not thatch roofs and walking in mud.
The new Dark Ages.
Agreed.
This uppity mob of middle-class people with their ability to choose their own direction and the financial means to pursue those choices..... very dangerous. They need to be impoverished, controlled, herded. And when necessary, slaughtered or stolen from. As has been the only truly stable way to run things for thousands of years.
Small number of rich, large number of poor and just enough middle class to service the rich.
What the fuck IS growth anyway? Rich bankers getting richer? Big government getting bigger? National debt getting larger? Home size amd mortgage getting more unsustainable? People getting more fat everyday until they can't stand on their own and need hoveround scooters to buy more food?
fuck growth
give me sustainability
Ask yourself what societies were the longest lasting throughout human history. Were they the ones with widespread "fairness", democracy and equality?
You really sure you want sustainability?
Oh, of course not. Not THAT kind of sustainability. Surely not. You want the "good" kind of sustainability. The one that hasn't been inveted yet. Just the right mix of this philosophy, that theocracy and that monetary policy.
It doesn't exist, buddy. You have a basic choice. Uncertain freedom or the certainty of slavery. It ain't beautiful or perfect, but those are your choices.
I guess I'm just too simple for this conversation.
I see sustainability in systems. Systems that allow for failure, that don't prepetuate it through an entitlement mentality that rewards failure. A system that does not use the concept of "investing" to create a means to steal and consume all future earnings and prosperity. I'm talking about a sustainable future of freedom, and its not perfect or even pretty most times, but it allows people to have a realisitic hope and belief in a future, not some fairy tail utopian nightmare that ends with revolutionary murder in the streets such as the french and Bolshevic ones.
Am I crazy?
Not crazy. I just thinkg it's too far gone.
The problem with sustainability is that Yurtle the Turtle doesn't get to sit at the top of the pile, have a great view, and act like a complete ass.
"Aping other people" to get ahead is both literal and figurative in human society.
People devise and use systems as a means to an end. Both process (systems) and end result are important. One influences the other. Before devising and using systems it is important to decide what one is aiming for and willing to accept as part of the cost of acheiving one's goals. The objectives need to be agreed upon in advance. This is what is missing in modern society.......we are pursuing objectives that we have not discussed and approved in advance.....or they have not been approved by the majority. It may be that the path we are on is just fine for some....but I doubt the average person understands why we are on this path or feels it is the right path. There has to be a philosophical basis for our actions......capitalism/free enterprise/the American way don't really cut it any more, do they? They are just descriptions of the process not the result.
A system does not have to be man made. We observe many sustainable and functioning systems in nature. I think most of us would see nature and natural systems as free as they are not restrained by artificial laws that can be altered at will. I see capitalism in a free market environment a free and natural "system" in that we choose freely to exchange goods and services. While we would all see some value in constructing some artificial rules to create an easily understood format for exchange, once we enter the realm of Fed policies and all of the artificial constructs of fiat, fractional banking, printing and all the rest, we know it is full fledged artificial and therefore ideological. It is a system devised to pursue a result goal rather than to pursue freedom. Just as our governments pursue policies that attempt to guarantee equality of result over equal opportunity, and end up with neither. This is not sustainable.
Systems in pursuit of Freedom/Liberty. Obviousy you are quite unhinged.
:}
PS: I get physically upset every time I hear that POS Kudlow start talking about King Dollar and unlimited growth. Time for Larry to head to the Alzheimers home.
Are you match challenged?
Do you not get it that there cannot be perpetual growth on a finite planet?
Fuck, talk about being out of touch (though, you're right in line with what TPTB want you to believe).
So scary. Yet so true.
You keep making functions smaller and there are still quite a few growth opportunities. And asteroid mining.
"give me sustainability"
I'll give you a hug for using "sustainability" here! (which would be no growth [not "postive," not "negative'])
For me sustainability implies balance. Balance is never static requiring continual shifts or rebalance. A free system that allows failure to occur also allows for an appropriate response, a rebalance. An ideologically driven system perpetuates the ideology, not balance.
+100
Balance is what makes the world stay on an even keel between spirituality (now the virtual world/ethical sustainable commerce) and crass materiality (depleting resources/pollution/search for ST profit).
As the philosophers of the christian thread said, notably Thomas Aquinas : Arsitotle separated from God is not the solution.
His subservience to christian dogmatic logic (for those who believe no explanation is required, for those who disbelieve no explanation is sufficient) did not cloud his instincts from seeing the requirement for balance in all human constructs; as was true for the bards (Homer) and philosophers of old. All morality/ethics of the Greeks and ancient cultures is about balance and consequence.
Today, Arsitotle's world rules but primacy of fact has led us down the path of binary choices : growth or stagnation etc.
We have forgotten the instinctive intelligence of Man which is domain of human wisdom unquantifiable in binary mode and rooted in spiritual considerations which have bequeathed us holistic reasoning; allowing us to look around corners and see whats coming up; stepping off the moving escalator of space-time to look outside the box from conventional binary logic of red/blue type.
Balance and sustainability; in the real world it requires that we flush the toilet from time to time to evacuate build up of accumulated entropy; aka the AUgean stables, legacy of past momentum; in today's world the MIC/Bankster legacy of the New Templars. Those who started the Neo COn crusader age of Pax Americana.
Down the shute with that would be a beginning.
Anyways, the Gods above, aka the cosmic entropy effect, will do it for us if we don't do it ourselves.
The Vedic civilization called it Dharma; the circle of Life; and man's destiny : Karma.
Not bad conceptual tools of instinctive wisdom to outfool the over logical binary mode fool.
How's that for breakfast corn flakes?
Execpt the moment the mother ship departs to meet her reward, the whole system crashs upon itself in a mad dash of sudden insanity, fleeing the accounting and in denial about the consequences of their actions. But they had lots of fun playing the head games while it lasted.
The great stagnation is already well underway. But monetary expansion will continue unchecked in the hope that expansion will trickle down.
ZERO \\is the difference between difference & DECISION Bitchez
WHy doesn't the chart have any labels on the y-axis?
are they pecentages of the starting point?
Why one year and
ow meanigful is it to aggregate "equity prices"?
Looks like they win and serfdom for us 99ers eh?
Looks like they win and serfdom for us 99ers eh?
So long as we obey them, yes.
If the core of a star contains more than 3 solar masses when it collapses, no force can stop it...No force remains to stop it from collapsing to a zero radius...Some theorists say that a singularity is impossible and that the laws of quantum physics must somehow halt the collapse at a subatomic radius roughly 1020 times smaller than a proton.
--Seeds Backman
The one at the center of the Milky Way Galaxy is something like 4 million solar masses which I believe is smaller than the financial black hole created by global central banks.
Now I know this is like comparing apples to oranges but there will likely be a whole lot of heaviness about nothing when the globalist's financialization collapses.
I suspect time stops and stops the collapse from finishing due to the effects of gravity on time before it can get that small. What we see when we look at a black hold is probably a part of the universe that is no longer aging and a serious drag on the fabric of spacetime. Kind of like a bank holiday that keeps the poltical order intact when the banking system is imploding.
The banks and Washington D.C. are the black hole, and US citizens are all part of the accretion disk.
iI dont suppose we have someone thats well versed in > l Trig<2>180cm torsional flex> ++>_ in
Uhhh.....you mis-spelled Roy Rogers horse.
Economy is just a code word for Banks. When you think that way, it all makes cents. Try it, next time you hear a speech by Obomba, Helicopter Ben or Old Yeller, just substitute every word Economy for Bank(s)
Stocks are way overbought and a correction is coming any day now.
admin
http://invetrics.com
http://www.reuters.com/article/2013/11/29/us-economy-global-stagnation-insight-idUSBRE9AS03O20131129
'SELF-INFLICTED DISASTER'
With Beijing repressing domestic consumption and holding down the yuan's exchange rate to give it a competitive edge in world markets, foreign direct investment poured into China to take advantage of cheap labour, land and other inputs.
Exports duly exploded. China's resulting current account surplus, though now declining, contributed to a glut of global savings that depressed U.S. interest rates and helped fuel the fateful boom in sub-prime mortgages.
China's foreign exchange reserves today stand at an unfathomable $3.66 trillion.
Tens of millions of people have been lifted out of poverty by the rise of China and other poor countries plugged into global supply chains.
But outsourcing of production has hollowed out skilled jobs in advanced economies in what British financial analyst Tim Morgan, in his book ‘Life After Growth' calls "a self-inflicted disaster with few parallels in economic history".
Jen added: "If you are a labourer in the West, you have been hurt. It's very clear. If you are a capitalist in the West, you have benefited immensely."
Dominic Rossi, global chief investment officer for equities at Fidelity Worldwide Investment, noted that labour's share of U.S. non-financial output held steady at between 61 percent and 65 percent for half a century.
"Then, something happened. From 2000, it plummeted and currently rests at an all-time low of 57 percent," Rossi wrote in the Financial Times. Over the same period, median U.S. household incomes have fallen in real terms.
"Overall, labour is not participating in economic growth as it has done in the past," he said.
The flip side is that U.S. corporate profit margins stand at 12 percent of gross domestic product, a record high, yet net corporate investment is only 4 percent of GDP, Rossi noted.
The picture of corporations awash with cash but reluctant to invest is mirrored in Europe.
THE ZERO BOUND
So what is to be done?
Against a background of high debt and depressed incomes and investment, former U.S. Treasury secretary Larry Summers posited at a recent IMF conference that real interest rates consistent with full employment could now be minus 2-3 percent.
"We may well need in the years ahead to think about how we manage an economy in which the zero nominal interest rate is a chronic and systemic inhibitor of economic activity, holding our economies back below their potential," Summers said.
He is not alone in worrying about the limits of monetary policy even as the risks of outright deflation grow.
Alan Blinder, a former Federal Reserve vice-chairman, expects inflation to be lower on average over the next half a century than in the past 50 years. As a result, central banks would keep hitting the zero lower bound (ZLB) on nominal interest rates.
"We have just experienced first-hand how difficult the ZLB can make it for a central bank to stimulate its economy out of a recession and, therefore, how large the potential social costs are," Blinder wrote in a recent essay.
Bill White, a former chief economist of the Bank for International Settlements, blamed central banks for wrongly analysing the strong disinflationary impulse imparted by the reintegration of previously isolated economies such as China into the world trading system.
"Globalisation constituted a significant, long-lasting and positive productivity shock that should have been met with tighter rather than easier monetary policy," White said in a speech to Omfif, a London think tank.
By leaning against what they saw as excessive disinflation, central banks have helped to create the imbalances now dogging the global economy and have postponed the adjustments needed to achieve sustainable, balanced growth, White argued.
"In short, ‘still more of the same' monetary policies since 2007 have left us, in my view, with old problems unresolved and some new ones added as well," he said.
Teacher. Teacher.
I have a question about economics.
I've listened to physicists and mathematicians as well as philosophers and the FED, the Central Bankers, when they speak they don't talk like they know anything at all about what they are saying. Is that because they are stupid or would a better job for them be online psychics? And, do you think it would be possible to arrest them?
http://www.paulchefurka.ca/World%20Oil%20Production%201900.JPG
Once Oil Peaked, Everything started to fall apart.
Oil Backed the Dollar, now that oil is running out/getting harder to find, the dollar is devaluing itself against oil.
At the end of the day , currency represents energy.
No Oil.
Oil is the problem.
The economy is lacking Inputs.
Not enough Oil IN and Stuff Out.
Dollars don't buy inputs.
Oil Buys Inputs
Oil grows the economy.
The economy grows with oil.
If oil production slows so will economic growth.
Or rather it might be Oil production vs. Population growth.
The problem is clearly ENERGY, money is not the issue since we are awash in it.
Why aren't people buying?
Why aren't people farming?
Why aren't people working?
Why aren't people driving?
Why is everyone going to school? for no reason?
Why is everyone buying cars when they can hardly afford the gas?
Why is the financial sector growing and mainstreet shrinking?
We can't run the world on money alone.
You can't eat money.
You can't eat bitcoins.
You are either speculating too much and not investing in the future enough.
Or
Something is terribly wrong with the input side of the economy.
We have de-volved into mindless gambling apes.
Instead of buying resources, investing in technology, innovating and creating wealth.... we are all sitting around throwing dung at eachother like wild apes, gambling on fucking computer Pixels.
This won't end well.
Its like suddenly, everyone on the planet decided they would rather stay home quit their job and gamble online.
One day everyone is going to wakeup rich, and realize they are poor because no one bothered to make anything for them to buy with their gambling pixels....everyone was to busy gambling to bake bread/farm/build/produce energy/maintain the power plants lol
I would lean more towards the central planners and government making any business an unprofitable waste of time. The mining industry is a prime example. On one hand you have central planners with unlimited margin accounts setting the price of your products below production costs. On the other you have government's taxing the crud out of your operations. You get the same problems in farming. But at least the farmers get subsidized in the back end so they don't need to turn a profit in the midst of food price rigging.
If you notice, the trend is that any company with no inputs and the government as a customer becomes successful. Internet companies that sell info to the government do well. Everyone else is being slowly strangled. And yet there are idiots who well try and tell you this is some kind of natural economic evolution. I say it is unnatural that anyone business which consumes materials or produces materials is unable to survive here.
wmt common is over 80 and that's all that matters. ho ho ho
this, is news, to who?
There IS a solution to the madness of a system that promotes the most psychopathic to the top of the money/power heap. ALL money systems do this - the psychopaths are the Ones willing to do ANYTHING to get and keep money/power over Others.
Given that money is an accounting of Our meaningful energy expended, if We add free energy (which I know personally that We have deep in black projects), the need to account for Our energy becomes like accounting for grains of sand: pointless.
For more, I invite You to read these shortish articles:
Analysis: http://www.thelivingmoon.com/forum1/index.php?topic=657.0
Solutocracy: http://www.thelivingmoon.com/forum1/index.php?topic=5607.0
The Plan: http://www.thelivingmoon.com/forum1/index.php?topic=5626.0
???
"If You want peace, take the PROFIT out of war."
"The LOVE of money is the root of all evil; remove the soil in which the root grows..."
"If the universe is made of mostly "dark" energy - can We use it to run Our cars?"
Incorrect - in both cases they are normalized to an index, where 100 is the value (appropriately) at a moment in time. The graphs show how the metric has changed from a specific moment in time, where it began at 100. This is an absolutely acceptable and appropriate method of comparison.
You could, indeed, measure apples and oranges in this very way. You could measure the price of apples and the winning time at the Indy 500 in the exact same way. It might not be logical, in that case, but in this case it most certainly is.
This chart is valid and a bit disturbing - because it is valid.