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Did Barron's Just Kill The American "Self-Sustaining Recovery" Dream?
The curse of the over-bearish (or over-bullish) magazine cover is well known. Of course, the media will only cherry-pick the "lows" as an indication that it's time to buy; as opposed to the exuberance-exhibiting article writers and their glaring headlines. To wit, this week's Barron's cover proclaims "GOOD NEWS - The US economy could grow this year at 4%... Forget the snow, consumers and businesses are ready to spend." Hhmm, it seems that Barron's forgot to look at the data...
The propaganda...
[As an aside - read the headlines on the left of the page also... quite the 'fair and balanced' perspective]
The reality (hope is fading fast and even the optimistic out-months aren't anywhere near 4%!!)
Simply put - the mal-investment-driven inventory-build (that among others, automakers are buried under) is coming back to bite - as Rick Santelli so eloquently noted...
Simply put, that is not the kind of "growth" and "consumption" needed to cover the massive inventory build
and so once again - thanks to Federal Reserve intervention - managers
have been 'fooled' into believing in the future sustainability, have mal-invested, and next comes another stagnation (and the cyclical downturn that we noted here).
h/t Bloomberg and @Not_Jim_Cramer
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Well, I "COULD" grow larger ears and fly to the moon,
but the odds are decidedly against it.
It's an election year (mid-terms), so the corporate whore media has to string the sheeple along for another 8 months or so with oodles of Hopium.
...Well, I "COULD" grow larger ears and fly to the moon...
Fly me to the moon?
Frank Sinatra ;-)
Silver and gold look like they are about to take a ride on Virgin Galatic.
In other news: YOU MAY HAVE ALREADY WON $1,000,000!!!!
Even if you could manage to grow ears large enough to grant you the gift of flight, you'd still need rocket power to reach outside the atmosphere. Ears wouldn't really work well at all :)
Solar wind dude!!
Duh!!
Ears also probably have a lot of drag and some air is required even in a well designed airfoil to get lift.
Not if they're eliptical ears like on a Spitfire cause that has minimal induced drag.
Then again delta wing ears have perhaps the best trans-sonic performance.
And who knows.. they could also be super critical air foil ears for all we know!
Better yet.. they're warp coil ears so fuck all that aerodynamics shit!
Then again fuck warp coil ears...
It's "Infinite Probability Ears" that kick ass!
I need more ice for my Irish whiskey...
I love how you think!
I don't think he was really serious about that ears/moon thing, you know?
More like Professor Farnsworth from Futurama
Farnsworth: "Good News Everyone! We are about to quickly experience a horrible death"
Hermes: [Anxiety Paniced] "How is that good news?!?"
Fransworth: "Why, it could have been a slow horrible death."
Every time I read 'Good news, everyone' no matter where or the context, it plays in my head in the voice of Professor Farnsworth, and there is naught I can do to stop it.
Recovery Summer 6.0
Never give up hope.
"Did Barron's Just Kill The American 'Self-Sustaining Recovery' Dream?"
No.
It was already dead. Barron's just signed the death certificate...
Once they were called gatekeepers. But the emperors of the media now are more like despots: Rupert Murdoch, who is fulfilling this role with an agenda contrary to the economic health of Americans, was imported into America by Robber Baron Edgar Bronfman.
For money and power, Murdoch in exchange does what the tyrants want. IOW, his power and wealth are facilitated by serving the interests of the rulers.
The revelations of Murdoch’s past operations in Britain demonstrate how closely he works with the rulers.
Here’s an excerpt on Murdoch from a post mortem on Edgar Bronfman,The full story is: The ‘King of the Jews’ Is Dead, January 11, 2014 AFP
Bronfman’s Stranglehold on the Media
It was inevitable Bronfman’s Seagram Co. would purchase a controlling interest in Time-Warner in 1993. Mob-connected Bronfman associates had already moved on this media empire, going back to a 1967 merger between Warner Brothers Studios and Seven Arts Productions, run by a frontman for Bronfman partner Meyer Lansky. The new operation—soon merged with Time publishing—became Time-Warner.
A sampling of holdings in the Time Warner octopus over the years:
• Time-Life Video; HBO Video; Warner Home Video;
• Cable franchises reaching 11.7 million subscribers;
• Turner Broadcasting, including all the CNN holdings;
• Magazines: Time, People, Sports Illustrated, Life, Fortune, Money, Vibe, In Style, Parenting, Martha Stewart Living, Sunset, Health, Entertainment Weekly, Cooking Light, Southern Living, DC Comics, and American Lawyer; and,
• Book Publishing: Little, Brown & Co., Time-Life Books, Warner Books, Book-of-the-Month Club.
Edgar Bronfman Jr. operated Seagram as his personal plaything after Seagram bought Hollywood giant, MCA, bringing MCA subsidiaries—Universal Studios and Universal Music—and TV channels in Europe and Latin America into Bronfman hands.
Last but far from least: With the Rothschilds, the Oppenheimers of South Africa and the late Armand Hammer, Bronfman money bankrolled the move into the U.S. by Australian media tycoon Rupert Murdoch, now a major influence over the American “conservative” movement.
https://americanfreepress.net/?p=14550
Fucking Bronfmans played a major role in destroying the DuPont company. They are not welcome in Wilmington (as if they would ever want to go there).
Kaiserhoff: You said, "Well, I "COULD" grow larger ears and fly to the moon, but the odds are decidedly against it."
Nonsense. It's about a 50/50 proposition, I'd say. You either will or you won't.
I keep having a vague feeling the bottom is about to drop out again like 2008, and this cover does nothing to make me feel better.
mildy OT: ZH appears to have moved their servers (but within the same ISP, unless something nefarious is going on.) It'd be nice if ZH/Sac would comment about such things to ease my paranoia.
it's not paranoia if they really are out to get you!
Just because you are paranoid, doesn't mean they aren't out to get you...
If they commented on it to ease paranoia, it will only be because the NSA that really runs ZH doesn't want people to get suspicious and blow their cover.
Schizophrenia. yes sir, take two NSA tablets.
And let customs fondle your bum.
@ Seek
They were offline for a while early in the morning today.
Probably due to the move.
I use a super-restrictive firewall (it only permits contact with specific IPs) and both ZH and Drudge were both offline for me this AM. After recovering from the near heart attack, I found ZH moved from 178.209.48.13/14 to 185.32.215.118/119 -- both blocks are owned by the same ISP.
As long it is in switzerland......everything is ok!
Whois shows both are the same Swiss ISP, so you should be happy.
Whois shows both are the same Swiss ISP
hey seek, thanks for watching out for that stuff!
Thought everything is ok for tyler.............
@Sacrilege
What's up with moving and not letting the neighbors know?
I've had 178.209.48.13 in my "Barry's Kill Switch Countermeasures" file since at least November 2012
I have noticed very slow response time lately. Even tho I have very fast internet connection.
Same here. I have ultra fast upload/download & ZH has either been slow or even non-responsive for several days.
I normally use Firefox but it was freezing,started using IE and it's better.
>> to ease my paranoia.
Even paranoid people have enemies.
True, but I doubt my enemies would go through the trouble of rerouting ZH's servers just to watch me.
There'a healthy paranoia and there's mental illness, with a fine line between them.
Isn't it @ www.nine.ch?
It was, but it looks like they might have switched to Ortcloud. WHOIS seems to have overlap on the tech side but from the legal side they look like distinct entities.
http://www.moneyhouse.ch/u/ortcloud_gmbh_CH-170.4.010.803-1.htm
http://www.moneyhouse.ch/u/nine_internet_solutions_ag_CH-020.3.025.970-7...
Better go for zefix.ch, choose Kanton Zug, better info
Btw, tel no (after area code i.e. 044 etc.) 535........ are voip numbers, u can be down in Argentina or Alaska .......
Thanks, I should have known there was an extra office for that at the Federal level. But I can't blame them for the VOIP. Before I moved from Geneva to Zurich we went VOIP for the primary fixed lines since Swisscom wanted a ton of paperwork and money just to redirect the old numbers- so now I have free movement of persons (and corporate persons) within Switzerland at a much lower cost.
This is a natural filtering process involved here. Those people who can afford to waste money on a Barron's subscription have more money than brains. Barron's will kindly show them what to do with their (excess) money.
]
Who the hell reads Barron's.
My eyes are bleeding from reading the other headlines on the left:
"It's a boom time for doomsayers."
"The job market is better than it looks."
"Comcast deal is the future of TV."
"Gulf oil driller could surge 50%."
"American Airlines: ready to fly higher."
"CVS clinics should increase profits."
AND LAST BUT CERTAINLY NOT LEAST
"Stocks may jump as much as 12%."
Hilarious. Basically, everything is "better than it seems" according to these clowns.
Sure it is.
It is 'better than it seems' ..... for them
"Who the hell reads Barron's."
Probably the same people who watch CNBC.
Barron's is owned by Dow Jones, which happens to be the news content provider for CNBC.
So there you go.
Liers are everywhere...BE AWARE!
Never ask a barber if you need a haircut.
Never ask a banker if you should take out a loan.
I love all the uber bullish sub-topics to the left too. Especially the one that states "its a boom time for doomsayers'...can only imagine what rubbish is stated in that one. No wonder I haven't read that periodical in years.
Lies, Lies, and more Lies.
there will end up being reality/noreality.
How is a dollar better than an ebt card?
Barron's sucks Yellen's teat's.
Stop that. I gotta sleep tonight.
That's not her tit.
ARRGGHH - now I need a mind rinse!!!
Time for some eye bleach, stat!
Well, I wouldn't expect "It's Over, Shoot Yourself" as their headline.
"It's Over, Shoot Yourself with a Nail Gun""
...nine times! In your head!
Oh Yea you gota pay tax on the dolla
AND I COULD WIN THE LOTTERY IF I WOULD BUY A TICKET!!!!
I REALLY COULD!!!
I'll send a update if I ever buy one guys...
American dream + kill boss
SD if I won a million dollars I'd buy you a fur coat (but not a real fur coat - that's cruel).
Barons is focused on the Barons.
So what? 80% will buy it. Hope always sells well.
Silver is real peoples money.
stack hard friends.
Hopefully the curse of Barron's front page will strike again soon...
So what is the point? Is Barron's a good contrary indicator? We know Jim Cramer is.
Rally on till August with JANET. Double dose on Tuesday.
Consumers are ready to spend...as long as the store accepts EBT cards.
Is it rely yours. honestley or are bonds stawks & re just a game.
Even ignoring the total bullshit that "spending drives the economy," if the GDP grows 4% that just means that either government is making up numbers again or that inflation is at least 4.01% despite the shit they tell you. Total joke.
What is the real government spending percentage of GDP, direct and indirect? I consider private spending of receipts collected from their biggest customer, the government, in the calculation. So, that would make the government percentage like 75%, yes?
Without government spending money it doesn't have, GDP would be negative since when? 1998?
Yes, I forgot about the bogus inflation deflater used to cook the books. I heard real inflation is 10% if you include unneccesary fuel and energy components. Who needs food and energy? That's discretionery spending? LOL!!!
They originaly excluded food and energy because they didn't want skew their inflation figures downward. This was at a time when food and energy prices were very low because of abundant sources coming online in emerging markets.
Logic dictates that a real inflation rate include the costs associated with maintaining life. I would include food and energy, and any other cost that is a need for survival.
Food, energy, ammo, rent (it be too damn high); these are not part of the calculation.
I predict within 10 years inflation will be calculate on only one metric - the cost of ink.
cost of ink? you mean, cost of digital ink, which is...yeah, you got it! electrons! energy! as in oil. because it always comes back to fucking oil, doens't it !?!?
Two predictions that have been made since the very beginning of the recession:
-We are about to see a self-sustaining recovery.
-We are about to see a cataclysmic market crash.
I'm going to go look at some pictures of Kate Upton while I wait for one of these to come true.
Wages aren't going to rise, so demand is dying. The government is acting like an iron lung for a broken economy. This is not sustainable until wages move higher, but we know that's not going to happen. So, what is going to happen? Another sub-prime pump and dump in the real estate market? Looks likely with lenders extending credit again to high risk borrowers. It looks like a train wreck is coming soon. Enjoy the last tsunami wave before the crash everyone!
A slow-motion train wreck..
Time well spent, but you need to change the picture-theme each several years to come.
Wheres the confidance man /s
It was satire. You fell for it.
the Onion strikes again
Is them ZIM Dolaz same as them us dolas.
Enquiring minds want to know
just don't get, engage in channel stuffing, mark down inventory, take a hit on the bottom line, rinse and repeat. wait a minute the clothes keep getting dirtier with each cycle. then add the Feds new OxyClean! cleans up dirty balance sheets! by allowing companies to finance opertions with easy money and buy back shares. maybe the dead christmas shopper will be resurrected by easter. but the inventory has to go someplace, so does that mean they drive it all the landfill, load it into overseas containers and send it back, or the fed stocks the shelves in the basement of mariner eccles to look like uber preppers. its all very weird.
Ever wonder why the middle class is disappearing?
Middle Class Forced to Pay for Illegals' Cellphones, Children, Education, Foodstamps, Healthcare, Heat, Housing, Jobs, Rehabilitiation, Retirement, Taxes, Transportation, Welfarehttp://usnvrepcan.blogspot.com/2014/02/middle-class-paying-for-illegal.html
Sub-prime lending is back just in time (JIT) for all the new citizens with spotless (non-existent) credit histories. Kowa-Bunga dude! Surfs up for the last wave to wipe America as we know it away forever! COOL!
http://www.reuters.com/article/2014/02/14/us-banks-subprime-insight-idUS...
We could put every illegal up at the Four Seasons with free hookers and blow and wouldn't come close to the amount we pump into treasuries to keep the stock market and TBTF banks alive. Immigration is a problem - but it is barely a blip on the radar compared to SS, the MIC, and TARP/QE.
"So what is the point? Is Barron's a good contrary indicator?" Yes. Most popular media is. You'll know it's time to buy stocks when they state that stocks are dead. (that was a real headline of some magazine before the longest bull market ever)
http://www.youtube.com/watch?v=rQKPdIni920
The Fed is going to talk tough about tapering until most of the tax revenues is collected in April. Fear will settle in around May. More QE will be the cry from Yellen. Stocks will move higher during the second half of the year when the fantasy of tapering vanishes, and the reality of a dead economy returns.
Gawd, when is this ponzi going down for good. Smart manipulators they are. But who will have the last say from the smoking embers.
Imediatly the poor. (many pointy stiks)
Agenda 21, baby! Read it and weep.
Time to deploy the Spiderman Towels..
I would like to see how the liberal media covers hell - I am sure it will be "better than expected."
Thats not rain on your back.
Oh man, you're right; it's warm and smells like asparagus.
A cheerleading media is one of the signs of a bubble.
From a purely logical standpoint, would we expect to hear such overbullishness at a market BOTTOM? Of course not! The media are historically cattle participating in a herd mentality. They don't lead; they follow!
They also tend to look back after crashes and second guess, asking, "Why didn't we see it coming?" Some in the media will even claim that, "NO ONE saw it coming," or that it wasn't POSSIBLE to see the crisis coming! Wrong again! Some did, but the propaganda press ignored and even ridiculed them instead of doing their jobs by raising red flags!
This is all a textbook case study in bubble behavior.
My wife complained just after Christmas that she didn't like that I had placed the majority of of her funds in fixed interest before the holidays. After all she had just learned that if January started out good it finished way up 80% of the time. No fucking way I'm telling her I just got lucky and chickened out in early December...
Wells Fargo is back in the sub-prime business. Other banks expected to follow. Amnesty and an expansion in the visa program making a market for new suckers to buy homes with no credit. This is what happens when no one is held accountable for liar loans. The liars are back in business. Why should you care? Well, if you don't mind bailing out Wells Fargo in a couple of years then you shouldn't care. If you want to pay a carbon tax in a few years to offset the next round of bailouts, then go back to sleep.
http://www.reuters.com/article/2014/02/14/us-banks-subprime-insight-idUS...
One story from the sub-prime bubble... A Hispanic guy goes in for a loan, they ask him what his occupation is, of course, and he indicates that he's a mariachi. OK, fair enough, but you gotta have proof of income. So he provided them a picture of him, standing in his front yard, dressed like a mariachi... and that was good enough to push the deal through.
The article is written by Gene Epstein, who has a near perfect record of being 100% wrong, so nobody takes his articles seriously.
Looking at the headlines to the left I assume he wrotes the whole magazine himself this time.
Oh sure, 4% growth, until SUMMER and HEAT strangely arrive and dastardly conspire to lower employment, hours, sales, and productivity.
Couldn't have anything to do with skullduggery in Washington and Wall Street of course.
Climate change is not responsible for fraud on Wall Street.
And if I told you you that wolverines would make a good house pet, would you believe me?
Man, I just love the weekends here at ZeroHedge.
Pump baby, pump and give it to me...its a fake hole.
Get ready for it...we WILL continue TAPER, the market WILL continue to go up, the masochists (myself included) WILL continue to provide fuel to break out of any dip, the .000001% WILL continue to suck up the country's future production, the FSA WILL continue to receive goodies (it costs nothing to the .0000001%) and stay quiet, the middle class (what's left of it) WILL continue to be: lied to, stolen from, spyed upon, boxed in, brainwashed, drugged, zombified and WILL continue to do nothing about it. Shillary WILL be the next president and since health care is now broken beyond repair, she'll go after the 401Ks/IRAs and to paraphrase George Carlin, "She'll get them"!
Thought Barron's went bankrupt a long time ago.
Only morally...
hey silver, wolverine is my wifes nickname and my term of endearment. She is a great house pet though I do sleep with one eye open. When the life insurance guy was humping my leg in his sales pitch to buy a million dollar policy I shared the one eye open sleeping thing and he backed off a bit. Never be worth more dead than you are alive with wolverine as the wife's nickname, Word of advice.
deerhunter,
much easier to tell someone that you have no problem killing them... imo
i would sure be ready to spend......IF I HAD SOME FUCKING MONEY TO DO SO!!!
where the fuck do these rags get their reality from? "consumers" make less now that the did 5 years ago.
Actually the 4% forecast is reasonable compared to some of the predictions and statements on the left hand side of the newspaper.
Ah c'mon! It's really a parody from The Onion!
4%
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
Etc.
The Robber Barron's are going to do quite well.... that's what they meant... their intended audience for their drivel.