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?

Do NOT follow this link or you will be banned from the site!