This page has been archived and commenting is disabled.

Check Out These 8 New "Record Highs"

Tyler Durden's picture




 

Submitted by Simon Black of Sovereign Man blog,

There’s nothing like a nice cup of reality first thing on Monday morning.

If you’ve been a reader for any length of time, you know one of the things I periodically do is scan headlines for phrases like “record high” or “all time high”.

The results can often given an interesting big picture perspective of what’s happening in the world.

1) President Obama’s disapproval rating hits a record HIGH of 59 per cent

No surprise here, especially given the latest crash of the Obamacare website this weekend, just before the signup deadline.

2) “Frozen” enters the record books as highest-grossing animated film of all time

This weekend, Toy Story 3 was eclipsed by Frozen as the top grossing animated movie of all time.

2010′s Toy Story 3 had $1.063 billion in total revenue. Frozen just hit $1.072 billion.

Curiously, the average movie ticket price in the Land of the Free was $7.89 in 2010 according to NATO (no, not that NATO. This is the ‘National Association of Theater Owners.)

Today it’s $8.38. This obviously has had an impact. And it doesn’t even account for the rapid inflation in movie ticket prices outside of the United States, which is even more critical given that nearly 2/3 of movie revenue comes from outside the US.

3) Property Tax Revenue Reaches a Record High

Great news– in the Land of the Free, state and local governments are taking more of your money than ever before. This is, of course, in addition to tax increases at the federal level.

4) Corporate Profits Hit A New Record High Last Year

Wages are stagnating. Median household income levels are well below where they were in 1996 when adjusted for inflation. But corporate profits are at a record high.

If you’ve ever wondered where all that money goes that is printed by the central bank, now you have at least a partial answer.

5) S&P 500 falters after nearing record high

The US stock market ended February at a record high and has continually flirted with new record territory throughout the month of March. Now you have another part of the answer to the question above– ‘where does all that printed money go?’

6) French Unemployment At Record High

As it turns out, raising taxes, overregulation of everything, and chasing away your most productive citizens is NOT the path to prosperity. What a shocker.

7) Pricier beef ‘here to stay’ as food costs seen higher: USDA

Beef prices are at/near their all-time high. Not that there’s any inflation. Blame the weather.

8) RMB enjoys record-high activity on global markets in February

The use of the renminbi in worldwide financial transactions as tracked by the Society for Worldwide Interbank Financial Telecommunications (SWIFT) has increased to a record amount. And it’s growing.

The renminbi has already overtaken the Hong Kong dollar, Singapore dollar, and Swiss Franc in terms of its percentage of worldwide financial activity.

And while it’s still embryonic, compared to the dollar, the rise of the renminbi as a potential reserve currency is a trend that cannot be ignored.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 03/31/2014 - 15:34 | 4611594 no more banksters
no more banksters's picture

Greece: Debts for Public, profits for banksters through law!

http://failedevolution.blogspot.gr/2014/03/greece-debts-for-public-profi...

Mon, 03/31/2014 - 17:04 | 4611905 flacon
flacon's picture

Frozen... I downloaded it from torrent and had a family "movie night" on Friday. Let me tell you, this movie is promting the notion that women are to be loved perfectly day by day, and then men are to be infinitely intune with women's issues. Essentially it is entirely a fairy tale and totally makebelieve. 

Mon, 03/31/2014 - 20:20 | 4612438 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

"Essentially it is entirely a fairy tale and totally makebelieve. "

They should've named it "Stock Market" then.

Mon, 03/31/2014 - 15:36 | 4611605 Darth Raider
Darth Raider's picture

Yeah i hit a record High this weekend 

gone man solid gone

Mon, 03/31/2014 - 15:36 | 4611607 Grande Tetons
Grande Tetons's picture

Number 9

Record high smack use in the Green Mountain State. 

http://www.bostonglobe.com/metro/2014/01/19/amid-pastoral-splendor-heroi...

One can now pay for a night at the Startford Inn with a hummer. 

Mon, 03/31/2014 - 16:15 | 4611724 Canadian Dirtlump
Canadian Dirtlump's picture

Is that the shit that says "duty paid to NATO" on it?

Mon, 03/31/2014 - 16:25 | 4611750 Hovel Downs
Hovel Downs's picture

Too bad meth is priced out of the market...at least her yard would be clean

Mon, 03/31/2014 - 17:18 | 4611935 Citxmech
Citxmech's picture

Where's BitCoin on that list?

Oh wait. . . .

Mon, 03/31/2014 - 15:40 | 4611612 disabledvet
disabledvet's picture

i say "phuck diplomacy" too
http://www.youtube.com/watch?v=D1TpLWiCcno

I feel so graced by your Peonic Presence Simon Says but as they say "never get out of the boat."

Mon, 03/31/2014 - 15:42 | 4611622 Frank N. Beans
Frank N. Beans's picture

#9  Denver is now the 8-mile high city.

Mon, 03/31/2014 - 15:42 | 4611625 LooseLee
LooseLee's picture

You forgot 'HOPIUM'---setting new records almost daily...

Mon, 03/31/2014 - 15:43 | 4611626 Kirk2NCC1701
Kirk2NCC1701's picture

9. The number of US Subject working on no longer being its Subject, is at record highs also.

Kirk is waiting for the Warp Drive to get fixed, and is puttering along on Impulse Drive.

One waiting to beam up. ;-)

Mon, 03/31/2014 - 15:50 | 4611656 Grande Tetons
Grande Tetons's picture

Risk is our business. 

Captain Kirk or The Fed...or Both! 

https://www.youtube.com/watch?v=_cOlJdObNlc

Mon, 03/31/2014 - 15:46 | 4611639 Dr. Engali
Dr. Engali's picture

For a minute there I thought I was suckered into another Michael Snyder list, but I see it's just Simon.

Mon, 03/31/2014 - 16:06 | 4611695 salvadordaly
salvadordaly's picture

all of Snyders is atleast 25+. That's when you know it is Snyder.

Mon, 03/31/2014 - 17:52 | 4612014 NotApplicable
NotApplicable's picture

I believe I've seen a 23 or two. I've lost track though, as I've mostly quit clicking on any posts with a numbered list.

Mon, 03/31/2014 - 15:46 | 4611640 GreatUncle
GreatUncle's picture

Can't beat it really in the wortld of ever increasing highs this is the new growth courtsey of the Keynesian / Fiat money systems.The one problem the central bankers are struggling with is the justification of this new value if nobody can pay it and the only reason they demand inflation is to sustain the debt nobody can afford.

Mon, 03/31/2014 - 15:49 | 4611643 Bill of Rights
Bill of Rights's picture

Get out there and borrow some money you stiffs ( Waves American flag ) get your yellow magnets here! 3 for $5 bucks!....

 

CONSUME

Mon, 03/31/2014 - 15:56 | 4611672 Pure Evil
Pure Evil's picture

Pretty soon we'll all be crack whore's for the cause.

Mon, 03/31/2014 - 15:48 | 4611644 wmbz
wmbz's picture

The price of beef will be going way up now that the EPA is going after cow farts! These lunatics are hell bent to screw damn near any and everything up. In the name of a complete scam.

Mon, 03/31/2014 - 21:15 | 4612557 ebworthen
ebworthen's picture

Just wait, the E.P.A. will have a methane tax (fart tax) for us human beings 'ere long.

U.N. report released today saying that climate change due to humans "can no longer be questioned."  Yes, and it is plain to the eye that the world is flat.

Mon, 03/31/2014 - 22:11 | 4612691 chindit13
chindit13's picture

Is that what they mean by the Flat(ulation) Tax?

 

Mon, 03/31/2014 - 15:48 | 4611645 RSloane
RSloane's picture

Aren't we all experiencing a new 'record high of pride' in our local and federal government for taking more of our money than ever before. We can see the results in great infrastructure improvements, better preventative care, better housing, better improvements in our parks, and who knows..at this breakneck speed of improvements our public school systems may soon be producing middle school students that can finally beat the students in Ruanda for math and reading comprehension!

Yessir peak proud. Ain't it grand.

Mon, 03/31/2014 - 16:09 | 4611706 madcows
madcows's picture

hahaha... Rawanda?  Man our schools suck.

Mon, 03/31/2014 - 20:16 | 4612430 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

I knew a brown sugar girl named Rawanda, man was she fine!

Mon, 03/31/2014 - 16:57 | 4611881 ILLILLILLI
ILLILLILLI's picture

Record high colonics...

Mon, 03/31/2014 - 20:16 | 4612427 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

It's Rwanda pal.

Tue, 04/01/2014 - 01:27 | 4613048 gdogus erectus
gdogus erectus's picture

No, I think he meant Raw Wanda.

Mon, 03/31/2014 - 15:50 | 4611651 SWCroaker
SWCroaker's picture

I despise the modern trend of including a number in the article title: "10 things your _____ will never tell you", "You don't know these 7 things about ____", "Check out these 8 _____".

It's like the world is drinking stoopid sauce on a mass scale.

Mon, 03/31/2014 - 16:03 | 4611687 madcows
madcows's picture

you should probably stay away from market watch then.

Mon, 03/31/2014 - 16:30 | 4611768 Hovel Downs
Hovel Downs's picture

used to be the lists came out in the new year. Kinda kool than. Fuckin bastards ruin everything

Mon, 03/31/2014 - 20:15 | 4612424 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

I just wrote an article, "10 Reasons Why All Those Articles That Talk About A List Of 10 Things Are Fucking Stupid".

Wait a second...

Mon, 03/31/2014 - 15:53 | 4611662 SmilinJoeFizzion
SmilinJoeFizzion's picture

I paid $20 dollars for a freaking skirt steak this weekend at the grocery store-  10 years ago they were 2 bucks. 

 

Mon, 03/31/2014 - 15:56 | 4611671 10mm
10mm's picture

You didn't have to buy the steak.

Mon, 03/31/2014 - 16:28 | 4611761 Winston Churchill
Winston Churchill's picture

Hedonistically adjusted Alpo.

Mon, 03/31/2014 - 16:40 | 4611810 Hovel Downs
Hovel Downs's picture

You didnt buy that steak.  Somebody else built that road to the store.

Mon, 03/31/2014 - 16:41 | 4611817 Hovel Downs
Hovel Downs's picture

Somebody else killed the buffalo to make way for the beef.

Mon, 03/31/2014 - 16:02 | 4611682 Stuck on Zero
Stuck on Zero's picture

Stop chasing skirt.  It always gets you in trouble.

 

Mon, 03/31/2014 - 16:02 | 4611684 agstacks
agstacks's picture

"Next time try the Alpo, I hear it is fantastic."

 

-Hugs

Benny Bubbles

Mon, 03/31/2014 - 20:12 | 4612419 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

Bernake would rather U tried a "reverse-Alpo".

Mon, 03/31/2014 - 16:11 | 4611715 salvadordaly
salvadordaly's picture

With the invention of fajitas that is when the change came in price. That skirt steak used to be discarded as waste or scraps. Still alot to pay for a piece of meat that that you have to perform surgery on to eat!

Mon, 03/31/2014 - 16:34 | 4611781 Hovel Downs
Hovel Downs's picture

jou mean carne asada

Mon, 03/31/2014 - 19:25 | 4612307 Nick Jihad
Nick Jihad's picture

It's just that people have finally clued in that skirt steaks are really, really tasty, and take only a minute or so to cook. They were underpriced before.

Mon, 03/31/2014 - 21:18 | 4612573 Miffed Microbio...
Miffed Microbiologist's picture

I was feeling exceptionally loving the other day and told Mr I would fix anything his heart desired for dinner. " Oxtail stew" was the request. As I lifted 2 packages out of the display case and saw the price I exclaimed " 6 bucks a pound for a damn tail! You've got to be shitting me!" A little old lady walked over to me. " My my dear. During the depression these were thrown out as garbage by the butcher and my mother would collect them from him to stew so we children could have a bit of meat occasionally. That's po' folk food. " I guess po' folk food is trendy now? I wonder what the price of entrails runs today.

Miffed;-)

Mon, 03/31/2014 - 17:59 | 4612032 NotApplicable
NotApplicable's picture

Well, at least beef prices are partially in response to market conditions. Given the drought over the last two years, cattle herds are much smaller, as hay prices went nuts.

Mon, 03/31/2014 - 16:00 | 4611677 Stuck on Zero
Stuck on Zero's picture

President Obama’s disapproval rating hits a record HIGH of 59 per cent

Am I wrong or isn't that worse than Putin, Erdogan, Hollande, and Maduro?


Mon, 03/31/2014 - 16:31 | 4611773 SheepDog-One
SheepDog-One's picture

Yes but here in 'Murka the media takes care of things like record high disapproval ratings by informing you that you actually think he's awesome and Tha Messiah. Move along smartly and consume moar now.

Mon, 03/31/2014 - 16:48 | 4611849 pies_lancuchowy
pies_lancuchowy's picture

your argument makes no sense, as we all know, that Russian democracy is not democratic, while American one is. 

Mon, 03/31/2014 - 20:11 | 4612417 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

NYET!

Mon, 03/31/2014 - 16:06 | 4611697 Gandalf6900
Gandalf6900's picture

Tyler, please cover whats going on with the Iraq Dinar. I think a lot of us would like your take on it.

Mon, 03/31/2014 - 20:10 | 4612415 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

I'd rather know about an Iraqi Dinner or eat at an Iraqi Diner.

Tyler please give us your take on that.

Mon, 03/31/2014 - 17:27 | 4611953 mumbo_jumbo
mumbo_jumbo's picture

And while it’s still embryonic, compared to the dollar, the rise of the renminbi as a potential reserve currency is a trend that cannot be ignored.

 

this is getting kinda old and seems to me the only way this happens is a global economic meltdown or a world war, just like how the US became the reserve currency....you as the author even call it "embryonic"

Mon, 03/31/2014 - 19:28 | 4612315 Nick Jihad
Nick Jihad's picture

Isn't a country with an "embryonic" reserve currency, kind of like a bar with an "embryonic" bouncer?

Mon, 03/31/2014 - 19:36 | 4612335 Remington IV
Remington IV's picture

My bank account ..... didn't hit a record high

Mon, 03/31/2014 - 20:18 | 4612435 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

They should've named it "Stock Market" then.

Mon, 03/31/2014 - 20:57 | 4612517 ben_bernanke
ben_bernanke's picture

Durden is such a moron.

 

"Wages are stagnating. Median household income levels are well below where they were in 1996 when adjusted for inflation. But corporate profits are at a record high.

If you’ve ever wondered where all that money goes that is printed by the central bank, now you have at least a partial answer."

 

You think money printing means record corporate profits? How about cost cutting and productivity, which LAYOFFS have been a key component in helping business achieve. It's basic economics and business, and YES, record highs in stocks are justified along with record profits.

Mon, 03/31/2014 - 21:05 | 4612538 francis_sawyer666
francis_sawyer666's picture

Most of the TRILLIONS of FED-FIAT is sent out the back door to Brussels, to TEL-AVIV, to ASIA, South America,... where they buy USA corporate product and the asset balloon continues to inflate.

Trickel down to the corporations.

Good workers are offshore, customers are offshore, most USA jobs to be automated. The future say's to build factory's offshore near the customer, the US consumer is full to the gill with shit, and broke to boot. The USA died a long fucking time ago.

Tyler has a specific gig, to talk about economics and finance to a high-school/college audience, and pretend that the USA is a tax payer funded gubmint, that the government borrows money when it spends more than it takes in.

All is fucking bullshit,... once you understand that their is no DEBT, that all is funded by FREE INFINITE FIAT, then the story is complete.

But that would mean no more daily shit to be fed to the mushrooms, so Tyler chooses not to take ZH there, so instead we get this same-same high-school econ 101 forever like ground-hog day.

*

IMHO ZH is part of the zio-bank, to perpetuate the notion that USA-FIAT is debt that is real, ... and its NOT USA FIAT is no different than BITCOIN, ... its just bullshit, albeit backed by murder.

 

Mon, 03/31/2014 - 21:11 | 4612548 ebworthen
ebworthen's picture

Article written by Simon Black.

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