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Did Barron's Just Kill The American "Self-Sustaining Recovery" Dream?

Tyler Durden's picture




 

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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Sat, 02/15/2014 - 14:48 | 4439847 kaiserhoff
kaiserhoff's picture

Well, I "COULD" grow larger ears and fly to the moon,

  but the odds are decidedly against it.

Sat, 02/15/2014 - 14:51 | 4439856 TruthInSunshine
TruthInSunshine's picture

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.

Sat, 02/15/2014 - 14:56 | 4439869 Looney
Looney's picture

...Well, I "COULD" grow larger ears and fly to the moon...

Fly me to the moon?

Frank Sinatra  ;-)

Sat, 02/15/2014 - 15:01 | 4439891 smithcreek
smithcreek's picture

In other news:  YOU MAY HAVE ALREADY WON $1,000,000!!!!

Sat, 02/15/2014 - 15:12 | 4439916 Gief Gold Plox
Gief Gold Plox's picture

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 :)

Sat, 02/15/2014 - 15:16 | 4439941 Headbanger
Headbanger's picture

Solar wind dude!!

Duh!!

Sat, 02/15/2014 - 15:22 | 4439954 lasvegaspersona
lasvegaspersona's picture

Ears also probably have a lot of drag and some air is required even in a well designed airfoil to get lift.

Sat, 02/15/2014 - 15:41 | 4439974 Headbanger
Headbanger's picture

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...

Sat, 02/15/2014 - 15:46 | 4440030 Citxmech
Citxmech's picture

I love how you think!

Sat, 02/15/2014 - 19:23 | 4440613 MisterMousePotato
MisterMousePotato's picture

I don't think he was really serious about that ears/moon thing, you know?

Sat, 02/15/2014 - 16:55 | 4440227 AGuy
AGuy's picture

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."

 

Sat, 02/15/2014 - 18:45 | 4440501 RafterManFMJ
RafterManFMJ's picture

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.

Sun, 02/16/2014 - 13:32 | 4442266 SDShack
SDShack's picture

Recovery Summer 6.0

Sat, 02/15/2014 - 14:52 | 4439859 remain calm
remain calm's picture

Never give up hope.

Sat, 02/15/2014 - 16:18 | 4440129 Pool Shark
Pool Shark's picture

 

 

"Did Barron's Just Kill The American 'Self-Sustaining Recovery' Dream?"

No.

It was already dead. Barron's just signed the death certificate...

 

 

Sat, 02/15/2014 - 16:59 | 4440239 JR
JR's picture

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

Sat, 02/15/2014 - 19:14 | 4440589 Ralph Spoilsport
Ralph Spoilsport's picture

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).

Sat, 02/15/2014 - 17:52 | 4440385 swmnguy
swmnguy's picture

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.

Sat, 02/15/2014 - 14:51 | 4439852 seek
seek's picture

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.

Sat, 02/15/2014 - 14:53 | 4439864 stacking12321
stacking12321's picture

it's not paranoia if they really are out to get you!

Sat, 02/15/2014 - 15:08 | 4439913 Terminus C
Terminus C's picture

Just because you are paranoid, doesn't mean they aren't out to get you...

Sat, 02/15/2014 - 15:13 | 4439927 Smegley Wanxalot
Smegley Wanxalot's picture

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.

Sat, 02/15/2014 - 16:16 | 4440121 Mr Giggles
Mr Giggles's picture

Schizophrenia. yes sir, take two NSA tablets.

And let customs  fondle your bum.

Sat, 02/15/2014 - 14:56 | 4439871 Uber Vandal
Uber Vandal's picture

@ Seek

They were offline for a while early in the morning today.

Sat, 02/15/2014 - 15:02 | 4439897 seek
seek's picture

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.

Sat, 02/15/2014 - 15:35 | 4439998 PontifexMaximus
PontifexMaximus's picture

As long it is in switzerland......everything is ok!

Sat, 02/15/2014 - 16:17 | 4440125 seek
seek's picture

Whois shows both are the same Swiss ISP, so you should be happy.

Sat, 02/15/2014 - 16:23 | 4440147 lostintheflood
lostintheflood's picture

Whois shows both are the same Swiss ISP

hey seek, thanks for watching out for that stuff!

Sat, 02/15/2014 - 16:29 | 4440171 PontifexMaximus
PontifexMaximus's picture

Thought everything is ok for tyler.............

Sat, 02/15/2014 - 15:49 | 4440036 Urban Redneck
Urban Redneck's picture

@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

Sat, 02/15/2014 - 15:04 | 4439893 asa-vet52
asa-vet52's picture

I have noticed very slow response time lately. Even tho I have very fast internet connection.

 

 

Sat, 02/15/2014 - 15:14 | 4439929 TruthInSunshine
TruthInSunshine's picture

Same here. I have ultra fast upload/download & ZH has either been slow or even non-responsive for several days.

Sat, 02/15/2014 - 16:39 | 4440200 nightshiftsucks
nightshiftsucks's picture

I normally use Firefox but it was freezing,started using IE and it's better.

Sat, 02/15/2014 - 15:04 | 4439902 greatbeard
greatbeard's picture

>> to ease my paranoia.

Even paranoid people have enemies.

 

 

Sat, 02/15/2014 - 15:09 | 4439918 seek
seek's picture

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.

Sat, 02/15/2014 - 15:45 | 4440026 PontifexMaximus
PontifexMaximus's picture

Isn't it @ www.nine.ch?

Sat, 02/15/2014 - 16:01 | 4440053 Urban Redneck
Urban Redneck's picture

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...

Sat, 02/15/2014 - 16:16 | 4440122 PontifexMaximus
PontifexMaximus's picture

Better go for zefix.ch, choose Kanton Zug, better info

Sat, 02/15/2014 - 16:25 | 4440158 PontifexMaximus
PontifexMaximus's picture

Btw, tel no (after area code i.e. 044 etc.) 535........ are voip numbers, u can be down in Argentina or Alaska .......

Sat, 02/15/2014 - 17:04 | 4440249 Urban Redneck
Urban Redneck's picture

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.

Sat, 02/15/2014 - 14:52 | 4439857 29.5 hours
29.5 hours's picture

 

 

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.

 

 

]

Sat, 02/15/2014 - 14:59 | 4439882 Skateboarder
Skateboarder's picture

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%."

Sat, 02/15/2014 - 15:48 | 4440035 Citxmech
Citxmech's picture

Hilarious.  Basically, everything is "better than it seems" according to these clowns.

Sure it is.

Sun, 02/16/2014 - 12:36 | 4442142 Vendetta
Vendetta's picture

It is 'better than it seems'  ..... for them

Sat, 02/15/2014 - 17:44 | 4440361 dontknowcrapabo...
dontknowcrapabouteconomy's picture

"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.

Sat, 02/15/2014 - 14:53 | 4439861 ms8172
ms8172's picture

Liers are everywhere...BE AWARE!

Sat, 02/15/2014 - 15:59 | 4440075 logicalman
logicalman's picture

Never ask a barber if you need a haircut.

Never ask a banker if you should take out a loan.

Sat, 02/15/2014 - 14:53 | 4439865 Its Only Rock N Roll
Its Only Rock N Roll's picture

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.

Sat, 02/15/2014 - 14:58 | 4439879 Mr Giggles
Mr Giggles's picture

Lies, Lies, and more Lies.

there will end up being reality/noreality.

How is a dollar better than an ebt card?

Sat, 02/15/2014 - 15:00 | 4439887 whatthecurtains
whatthecurtains's picture

Barron's sucks Yellen's teat's.   

Sat, 02/15/2014 - 15:02 | 4439898 Ignatius
Ignatius's picture

Stop that.  I gotta sleep tonight.

Sat, 02/15/2014 - 16:51 | 4440216 Offthebeach
Offthebeach's picture

That's not her tit.

Sat, 02/15/2014 - 16:00 | 4440079 logicalman
logicalman's picture

ARRGGHH - now I need a mind rinse!!!

Sun, 02/16/2014 - 05:31 | 4441673 StychoKiller
StychoKiller's picture

Time for some eye bleach, stat!

Sat, 02/15/2014 - 15:00 | 4439888 Ignatius
Ignatius's picture

Well, I wouldn't expect  "It's Over, Shoot Yourself" as their headline.

Sat, 02/15/2014 - 16:22 | 4440144 the not so migh...
the not so mighty maximiza's picture

"It's Over, Shoot Yourself with a Nail Gun""

Sat, 02/15/2014 - 18:50 | 4440514 RafterManFMJ
RafterManFMJ's picture

...nine times! In your head!

Sat, 02/15/2014 - 15:02 | 4439896 Mr Giggles
Mr Giggles's picture

Oh Yea you gota pay tax on the dolla

Sat, 02/15/2014 - 15:04 | 4439900 Sudden Debt
Sudden Debt's picture

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...

Sat, 02/15/2014 - 15:09 | 4439917 Mr Giggles
Mr Giggles's picture

American dream + kill boss

Sat, 02/15/2014 - 18:53 | 4440525 RafterManFMJ
RafterManFMJ's picture

SD if I won a million dollars I'd buy you a fur coat (but not a real fur coat - that's cruel).

Sat, 02/15/2014 - 15:05 | 4439904 RaceToTheBottom
RaceToTheBottom's picture

Barons is focused on the Barons.

Sat, 02/15/2014 - 15:06 | 4439910 Bunga Bunga
Bunga Bunga's picture

So what? 80% will buy it. Hope always sells well.

Sat, 02/15/2014 - 15:07 | 4439912 Mr Giggles
Mr Giggles's picture

Silver is real peoples money.

stack hard friends.

Sat, 02/15/2014 - 15:13 | 4439926 skwid vacuous
skwid vacuous's picture

Hopefully the curse of Barron's front page will strike again soon...

Sat, 02/15/2014 - 15:14 | 4439930 andrewp111
andrewp111's picture

So what is the point? Is Barron's a good contrary indicator? We know Jim Cramer is.

Sat, 02/15/2014 - 15:16 | 4439937 Father Lucifer
Father Lucifer's picture

Rally on till August with JANET. Double dose on Tuesday.

Sat, 02/15/2014 - 15:22 | 4439952 larry david
larry david's picture

Consumers are ready to spend...as long as the store accepts EBT cards. 

Sat, 02/15/2014 - 16:33 | 4440182 Mr Giggles
Mr Giggles's picture

Is it rely yours. honestley or are bonds stawks & re just a game.

 

Sat, 02/15/2014 - 15:23 | 4439958 larry david
larry david's picture

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. 

Sat, 02/15/2014 - 15:25 | 4439963 Chuck Knoblauch
Chuck Knoblauch's picture

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?

Sat, 02/15/2014 - 15:27 | 4439971 Chuck Knoblauch
Chuck Knoblauch's picture

Without government spending money it doesn't have, GDP would be negative since when? 1998?

Sat, 02/15/2014 - 15:54 | 4440054 Chuck Knoblauch
Chuck Knoblauch's picture

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!!!

Sat, 02/15/2014 - 16:12 | 4440112 deflator
deflator's picture

 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.

Sat, 02/15/2014 - 16:29 | 4440165 Chuck Knoblauch
Chuck Knoblauch's picture

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.

Sat, 02/15/2014 - 18:57 | 4440535 RafterManFMJ
RafterManFMJ's picture

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.

Sun, 02/16/2014 - 01:21 | 4441449 stacking12321
stacking12321's picture

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 !?!?

Sat, 02/15/2014 - 15:36 | 4439979 no life
no life's picture

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.

 

 

Sat, 02/15/2014 - 15:45 | 4440027 Chuck Knoblauch
Chuck Knoblauch's picture

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!

Sat, 02/15/2014 - 15:51 | 4440045 no life
no life's picture

A slow-motion train wreck..

Sat, 02/15/2014 - 17:31 | 4440330 Haager
Haager's picture

Time well spent, but you need to change the picture-theme each several years to come.

Sat, 02/15/2014 - 15:33 | 4439991 Mr Giggles
Mr Giggles's picture

Wheres the confidance man /s

Sat, 02/15/2014 - 15:36 | 4440004 RobCrash
RobCrash's picture

It was satire.  You fell for it.

Sat, 02/15/2014 - 15:38 | 4440013 the grateful un...
the grateful unemployed's picture

the Onion strikes again

Sat, 02/15/2014 - 15:37 | 4440009 Mr Giggles
Mr Giggles's picture

Is them ZIM Dolaz same as them us dolas.

Enquiring minds want to know

 

Sat, 02/15/2014 - 15:37 | 4440010 the grateful un...
the grateful unemployed's picture

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.

Sat, 02/15/2014 - 15:41 | 4440019 ATG
ATG's picture

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, Welfare

 

http://usnvrepcan.blogspot.com/2014/02/middle-class-paying-for-illegal.html

Sat, 02/15/2014 - 15:49 | 4440040 Chuck Knoblauch
Chuck Knoblauch's picture

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!

Sat, 02/15/2014 - 16:03 | 4440087 Citxmech
Citxmech's picture

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.

 

Sat, 02/15/2014 - 15:59 | 4440067 Spungo
Spungo's picture

"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

Sat, 02/15/2014 - 17:43 | 4440353 Chuck Knoblauch
Chuck Knoblauch's picture

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.

Sat, 02/15/2014 - 16:10 | 4440104 Playtime's Over
Playtime's Over's picture

Gawd, when is this ponzi going down for good.  Smart manipulators they are.  But who will have the last say from the smoking embers.

Sat, 02/15/2014 - 16:27 | 4440167 Mr Giggles
Mr Giggles's picture

Imediatly the poor. (many pointy stiks)

Sat, 02/15/2014 - 17:31 | 4440332 Chuck Knoblauch
Chuck Knoblauch's picture

Agenda 21, baby! Read it and weep.

Sat, 02/15/2014 - 16:11 | 4440110 no life
no life's picture

Time to deploy the Spiderman Towels..

Sat, 02/15/2014 - 16:22 | 4440146 NOTW777
NOTW777's picture

I would like to see how the liberal media covers hell - I am sure it will be "better than expected." 

Sat, 02/15/2014 - 16:25 | 4440161 Mr Giggles
Mr Giggles's picture

Thats not rain on your back.

Sat, 02/15/2014 - 19:00 | 4440546 RafterManFMJ
RafterManFMJ's picture

Oh man, you're right; it's warm and smells like asparagus.

Sat, 02/15/2014 - 16:33 | 4440172 sbenard
sbenard's picture

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.

Sat, 02/15/2014 - 17:23 | 4440305 Winston of Oceania
Winston of Oceania's picture

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...

Sat, 02/15/2014 - 16:39 | 4440196 Chuck Knoblauch
Chuck Knoblauch's picture

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...

Sat, 02/15/2014 - 16:52 | 4440222 no life
no life's picture

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.

Sat, 02/15/2014 - 16:40 | 4440201 YakTrader
YakTrader's picture

The article is written by Gene Epstein, who has a near perfect record of being 100% wrong, so nobody takes his articles seriously.  

 

Sat, 02/15/2014 - 17:28 | 4440314 Haager
Haager's picture

Looking at the headlines to the left I assume he wrotes the whole magazine himself this time.

Sat, 02/15/2014 - 16:43 | 4440203 ebworthen
ebworthen's picture

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.

Sat, 02/15/2014 - 16:45 | 4440206 Chuck Knoblauch
Chuck Knoblauch's picture

Climate change is not responsible for fraud on Wall Street.

Sat, 02/15/2014 - 16:45 | 4440207 Silver Bullet
Silver Bullet's picture

And if I told you you that wolverines would make a good house pet, would you believe me?

Sat, 02/15/2014 - 19:33 | 4440650 MisterMousePotato
MisterMousePotato's picture

Man, I just love the weekends here at ZeroHedge.

Sat, 02/15/2014 - 17:18 | 4440290 TrustWho
TrustWho's picture

Pump baby, pump and give it to me...its a fake hole.

Sat, 02/15/2014 - 17:43 | 4440359 BullyBearish
BullyBearish's picture

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"!

Sat, 02/15/2014 - 17:44 | 4440360 q99x2
q99x2's picture

Thought Barron's went bankrupt a long time ago.

Sat, 02/15/2014 - 17:49 | 4440372 FieldingMellish
FieldingMellish's picture

Only morally...

Sat, 02/15/2014 - 18:05 | 4440428 deerhunter
deerhunter's picture

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.

Sat, 02/15/2014 - 21:48 | 4440970 thomasincincy
thomasincincy's picture

deerhunter,

much easier  to tell someone that you have no problem killing them... imo

Sat, 02/15/2014 - 23:12 | 4441200 mumbo_jumbo
mumbo_jumbo's picture

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.

Sun, 02/16/2014 - 05:54 | 4441679 Peter Pan
Peter Pan's picture

Actually the 4% forecast is reasonable compared to some of the predictions and statements on the left hand side of the newspaper.

Sun, 02/16/2014 - 08:50 | 4441784 d edwards
d edwards's picture

Ah c'mon! It's really a parody from The Onion!

Sun, 02/16/2014 - 06:16 | 4441689 PubliusTacitus
PubliusTacitus's picture

4%

 

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

Etc.

Sun, 02/16/2014 - 12:37 | 4442144 Vendetta
Vendetta's picture

The Robber Barron's are going to do quite well.... that's what they meant... their intended audience for their drivel.

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