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America's Consumers Are Dropping, Not Shopping

Tyler Durden's picture




 

Submitted by David Stockman via Contra Corner blog,

McDonald's latest results confirm that something is very much amiss on the consumer side. Total global revenue grew only 1% Y/Y, including new store launches and acquisitions.

However, as has been the pattern since 2012, US comparable store sales lagged markedly. The rate of contraction in Q1 was actually the worst in more than a decade.

 

ABOOK Apr McD Same Store US

Even if you believe that the cold and snow of January and February played a role, it could not have explained that comparison. There is simply no way that anything other than consumer exhaustion can create the chart above.

One need only glance at the revenue history of companies in the S&P 500 to see that in full effect. If McDonald's persistent travails are limited to the company, or even the fast food industry, there is no way that the revenue pattern for MCD would so match closely that of the entire S&P 500. The commonality screams macro.

ABOOK Apr McD SP 500 Revenue

Current projections for the first quarter add up to about 2.5% revenue expansion across S&P 500 companies, but, as last quarter showed, that is likely overly optimistic (fourth quarter revenue was believed to be expanding at near 3% at the outset of earnings season in January 2014, only to be revised lower to almost 0%).

In comparison to the pre-collapse portion of the Great Recession, current results are much worse.

ABOOK Apr McD SP 500 Revenue 08 Comp

The first nine months of 2008 were incorporated into a technical recession, though I wonder how much of the last three months of that year and the first three months of 2009 have colored people's recollections and skewed perceptions about what a recession might look like. The second phase of that event, utter collapse after the panic, is not likely to be repeated without financial threat and ruin of similar proportion. We should not expect similar downfall proportions (particularly factoring the preposterously weak "recovery" thereafter). That puts a spotlight on the comparisons with the first phase, which in its own right would have been the worst recession since 1982.

At the time, it was assumed that the economy was experiencing a "muddle", though that was not the term used then. If you go back and read contemporary commentary, particularly from the orthodox cohort, that is exactly the narrative that was being formed (regardless of actual data).

YELLEN. The strong incoming data on spending eased my fears that we are in or are approaching a recession regime of the sort embedded in the last two Greenbooks. However, given the numerous large and worsening drags on spending, a couple of months of data aren't enough to convince me that we are on a solid trajectory…

Janet Yellen's comment above, from June 2008, sounds no different than what is being said right now. What looked like "drags" on tepid growth trajectories was, at that moment, something worse – and would only grow far, far more destructive further on.

If there is one striking difference between then and now, it would have to be the evident bifurcation and stratification of economic station. There is a very narrow channel into which financial and asset inflation is fostering the impression of economic activity on the mend (autos, mostly, now that housing is in reverse). However, these results shown here conclusively dismiss any and all ideas that expect such narrow benefits to be the catalyst for more widespread economic revival. In fact, what we see, particularly in the comparisons to the first phase of the Great Recession, is that such doctrine of asset inflation and the "wealth" effect are wholly incorrect toward this updated "trickle down."

As is the case with so many other data points, there is clearly no imprint of QE 3&4 anywhere to be found. This is the only place where monetarism has been outwardly "successful", though I sincerely doubt it will be styled as such at some point in the future.

 

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Sun, 04/27/2014 - 11:19 | 4700995 VD
VD's picture

endgame nearing...no kook phd can levitate foreva...

Sun, 04/27/2014 - 11:26 | 4701007 kaiserhoff
kaiserhoff's picture

I was talking to the manager of a local Goodwill complex last week.  He owns a house, bought in better times.   He and his wife both work.  He's run the numbers.  Obamacare is going to wipe him out.  They simply don't have a grand a month to waste on shit sick care.  Many of his friends are in the same boat.

He could look for another job, but if there were jobs he wouldn't be fucking around with retail.  As this phases in, so will the depression. 

Sun, 04/27/2014 - 11:30 | 4701014 svayambhu108
svayambhu108's picture

http://www.globaltimes.cn/Portals/0/attachment/2011/6845aea4-705d-4e85-8...

 

US sufers a chronic phobia of bears:

Russia's bear

China's panda

Bear Market

Sun, 04/27/2014 - 11:39 | 4701035 El Oregonian
El Oregonian's picture

We are being stripped "BARE" of our wealth.

It's not a phobia anymore.

Sun, 04/27/2014 - 12:24 | 4701106 El Vaquero
El Vaquero's picture

It's a crime.

Sun, 04/27/2014 - 12:34 | 4701131 Colonel Klink
Colonel Klink's picture

Not if government officials do it.

Sun, 04/27/2014 - 12:36 | 4701133 El Vaquero
El Vaquero's picture

I have a different idea of what constitutes a crime than the government does. 

Sun, 04/27/2014 - 12:42 | 4701138 The Big Ching-aso
The Big Ching-aso's picture

I'm not YELLIN but a lot more higher paying jobs could prolly help.

Sun, 04/27/2014 - 12:57 | 4701161 Colonel Klink
Colonel Klink's picture

They don't care.  Their laws are enforced at the end of a gun.  Eventually the population will have to enforce their own at the end of theirs.  Same as it's always been.

Sun, 04/27/2014 - 15:50 | 4701599 FreedomGuy
FreedomGuy's picture

A lot of this is our own fault. I guarantee you not a single Congressman who voted for Obamacare knew how it worked or even if it would work. Very few if any even worked in healthcare. Yet, they voted for it and the leftist lemmings of the press and the larger population were all for it. We actually often support the things that will impoverish us.

The single most important impoverishing thing the general population supports is the general idea that there is some elite group of central planners that can run all economic endeavors better than free people. This near religious belief also trusts that these empowered central planners will work for the common good rather than their own good or the good of a highly connected private elite. I am not a conspiracy theorist but this precisely sets the stage for "bankster" elites and other invisible influences.

A lot of our own continuing economic weakness is in fact, our own fault. The problem is that those of us who do not believe the above are still forced to participate and suffer the consequences.

Sun, 04/27/2014 - 16:31 | 4701752 LooseLee
LooseLee's picture

"the general idea that there is some elite group of central planners that can run all economic endeavors better than free people."

This is the very definition of COMMUNISM!

Sun, 04/27/2014 - 18:17 | 4702049 Supernova Born
Supernova Born's picture

The invisible hand cannot function when the iron fist of baseless fiat makes a mockery of markets.

 

Mon, 04/28/2014 - 07:39 | 4703342 Tengri Temujin
Tengri Temujin's picture

We have a choice, we can do what the Euros do, spend less on military and socialize health care.  Or we can just keep building aircraft carriers and opening up military bases and run our country into the ground.

Mon, 04/28/2014 - 14:15 | 4704680 PTR
PTR's picture

"the general idea that there is some elite group of central planners that can run all economic endeavors better than free people."

This is the very definition of COMMUNISM!

And Hubris.

Mon, 04/28/2014 - 16:39 | 4705280 crazybob369
crazybob369's picture

Quite right FG. Same reason why so many believe in a God that's up there looking out for our well being and will protect us from evil, if we simply believe.  Easier than taking responsibility for our own well being.  Heck, if there is a God, for all we know he might be some really smart 3D programmer who created the universe because he was bored.....Oh, wait, isn't that basically what the Bible tells us.  Crap!  We're screwed.

Sun, 04/27/2014 - 15:01 | 4701444 kchrisc
kchrisc's picture

And guillotine time.

Sun, 04/27/2014 - 12:11 | 4701083 mt paul
mt paul's picture

polar bear ..?

Sun, 04/27/2014 - 13:07 | 4701185 swmnguy
Sun, 04/27/2014 - 14:41 | 4701399 svayambhu108
svayambhu108's picture

Bearn Bearnake  is the captain :D

Sun, 04/27/2014 - 11:32 | 4701020 Colonel Klink
Colonel Klink's picture

I think you nailed it Kaiser.  After the passage of ObamaSCAM, corporations pulled back, consumers pulled back, and it will be a long slow grind downwards with no reversal in sight since the Rethuglicans (fuck both parties) agree that it's not going away.  Next nail in the coffin will be amnesty for ILLEGAL aliens.  And here I thought CONgress said back in 1985 it would be the LAST time.  Our "leaders" don't care about the health of this nation, only their own interests.

Best thing everyone can do is to go into survival mode.  Spend as little as you can.  Minimize your tax profile.  Eventually starve the eCONomy and the feral Federal Government.

Sun, 04/27/2014 - 11:58 | 4701066 therover
therover's picture

" Spend as little as you can.  Minimize your tax profile"

+1000 on that one Colonel.

For the second one, I am buying physical gold and silver via a LCS that only takes cash.

Fuck all politicans from both parties. They are bought and owned by the billionaires and corporate/banking elites,  and suck their cocks any chance they get in order to fullfill their own interests.

The only way to kill a snake is by cutting off it's head. Choke off their money supply....fuck it, they are chocking off ours.

Sun, 04/27/2014 - 12:12 | 4701085 Colonel Klink
Colonel Klink's picture

Yep, that's a good course of action to take.  Why "lend" your money to the banks when the courts have already ruled in their favor that it's no longer your money if they can't repay it.  Works the same for the banksters, starve their system.

Sun, 04/27/2014 - 14:21 | 4701356 therover
therover's picture

Colonel...you should see the look on the faces of some of my family and friends, when I tell them once they put their money in the bank, it's not theirs anymore.

They cannot comprehend that, but I think the more people start realizing that, things will change.

At this point, money in a bank is all risk and NO reward. Have just enough in there to pay the bills and that's all.

Sun, 04/27/2014 - 15:20 | 4701506 Colonel Klink
Colonel Klink's picture

It's hard to break through the societal brainwashing but it's much easier to do it with court rulings.

Sun, 04/27/2014 - 12:12 | 4701086 mt paul
mt paul's picture

starve the beast ...

Sun, 04/27/2014 - 12:32 | 4701121 El Vaquero
El Vaquero's picture

I've been known to kill and eat rattlesnakes.  I killed one once, gutted it, skinned it and took its head off.  15 minutes later it was still moving.  Creepy as fuck.  I think our government is the same way.  It's dead, but it doesn't know it yet.  So goes the dollar...

Sun, 04/27/2014 - 15:40 | 4701564 Oracle 911
Oracle 911's picture

" Spend as little as you can.  Minimize your tax profile"

 

I is easy if you don't have money and live from paycheck to paycheck. LOL

Sun, 04/27/2014 - 12:42 | 4701139 JerseyJoe
JerseyJoe's picture

I call it - find a tax bomb shelter.   I live in NJ.  My real estate taxes on a 100X150 lot went from $1900 per yr to over $13,000 per year and no end in sight.   AND NJ is the most insolvent state in the union.  So does anyone in their right mind think taxes won't be going up to pay up in NJ.  (I sold my house before all the baby boomers wake up one day and realize they have to retire and their MacMansion is too expensive.  And who will buy? With higher rates and higher taxes and lower take home due to things like Obamacare.  Meanwhile jobs and people are exiting the state. 

AND...the Fed is holding rates artificially low, what do you think will happen to the interest load on states and the USG when rates start moving up?

BTW Liberal Obama supporter Bon Jovi lived near me - his real estate taxes were reported to be $450 per year on his massive river front mansion... Why?  He had the acreage to be a farm...so all he did was raise bees.  Libs love to tax people as long as it ain't them.  

But the lesson and back to your point...buy a little farm and raise some christmas trees or some food...for when the SHTF.  

Sun, 04/27/2014 - 12:59 | 4701165 Colonel Klink
Colonel Klink's picture

I believe there's a christmas tree tax already.  I'd stick with food.  You can't eat christmas trees....for long.  You'll be pining for real food.

Sun, 04/27/2014 - 14:04 | 4701320 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Christmas trees only sell during about 1 month in the year.

Sun, 04/27/2014 - 15:21 | 4701508 Colonel Klink
Colonel Klink's picture

Last I checked, food sells year round.

Sun, 04/27/2014 - 15:53 | 4701611 FreedomGuy
FreedomGuy's picture

But Christmas trees take no work or real expertise or time. If the tax dodge is your goal it is much easier. You can even hire someone to come cut them down for you.

Growing food and doing it well is work. Short of the economy tanking and food shortages, I would do Christmas trees or something else that is very simple.

Sun, 04/27/2014 - 16:03 | 4701650 post turtle saver
post turtle saver's picture

yep, Christmas trees are a perfect cash crop for small acreage and it's basically "fire and forget"... good call... grow Scotch Pines and charge the buyers extra for shearing at Christmas time to get it in the shape they want... easy money

Sun, 04/27/2014 - 22:04 | 4702668 DirkDiggler11
DirkDiggler11's picture

Easy money, except to grow them you need literally tons of herbicides and pesticides. My "neighbors" on three sides of me grow those damn things and they have their workers out in fucking space suits spraying the trees 4 times a year with tons of chemicals. Fuck the live Christmas Trees.

Grow food, not chemical coated BS.

Mon, 04/28/2014 - 07:47 | 4703346 Tengri Temujin
Tengri Temujin's picture

I totally agree, fuck the Christmas trees, I just do a Menorrah and a little fake plastic Christmas tree for the family.  Everyone is happy, they just care about the presents and nothing else.  Heck I can just put the presents in the middle of the living room and they wouldnt even notice absence of a menorrah or Christmas tree.  Fuck the holidays and the retailers.

Sun, 04/27/2014 - 13:12 | 4701198 yogibear
yogibear's picture

"(I sold my house before all the baby boomers wake up one day and realize they have to retire and their MacMansion is too expensive.  And who will buy? With higher rates and higher taxes and lower take home due to things like Obamacare.  Meanwhile jobs and people are exiting the state. "

 

"Libs love to tax people as long as it ain't them. "

It's  True. They yell and scream when their hit with taxes.

 

The key is to get out of places like NJ and IL where the unions will keep demanding higher and higher taxes for the unions and pensions. The politicians will keep giving the uinions what they want.

Sun, 04/27/2014 - 13:19 | 4701210 Colonel Klink
Colonel Klink's picture

IL and NJ, two of the biggest shithole states there are, right along with NY and CA.

Sun, 04/27/2014 - 13:39 | 4701265 SmilinJoeFizzion
SmilinJoeFizzion's picture

If Illinois didn't have Chicago it would be Afghanistan

Sun, 04/27/2014 - 14:41 | 4701406 Uncle Remus
Uncle Remus's picture

Sounds like an improvement.

Sun, 04/27/2014 - 15:59 | 4701633 snr-moment
snr-moment's picture

another bass ackwards ill-annoyin.

Sun, 04/27/2014 - 16:08 | 4701671 post turtle saver
post turtle saver's picture

aw c'mon now, that's bs... IL would be ten times as productive as it is now if Chicago and Springfield didn't bleed downstate dry with taxes... easily some of the best farmland in the world... I have several relatives up in east central IL that operate 2000+ acres and the yields they get on corn & soybeans would stun you... there's a reason ADM is based out of Decatur folks, and it's not for the ambiance

Sun, 04/27/2014 - 16:09 | 4701673 Greenskeeper_Carl
Greenskeeper_Carl's picture

Chicago IS Afghanistan.

Mon, 04/28/2014 - 14:20 | 4704700 PTR
PTR's picture

Because Illinois has Chicago it is Afganistan

FYP. =)

Sun, 04/27/2014 - 20:59 | 4702491 TruthTalker
TruthTalker's picture

funny I'm from NJ and my BF is from IL - both states suck -

Sun, 04/27/2014 - 15:57 | 4701629 snr-moment
snr-moment's picture

Sell it or rent it to a family with 10 kids at a great deal for them.  That'll help starve the beast.

Sun, 04/27/2014 - 18:07 | 4702014 mumbo_jumbo
mumbo_jumbo's picture

I sold my house before all the baby boomers wake up one day and realize they have to retire and their MacMansion is too expensive.  And who will buy?

 

and there is the rub right there, who will fucking buy?  5 families of illegal (now made legal)peasants?  millennials with $50K in student loan debt making $10 an hour?  i know a boomer who has 5 houses and when we talk he says shit like "it'll come back it always has"  and i always reply "until it doesn't" and all i get is that deer in the headlights are you crazy stare as he ponders that thought.

Sun, 04/27/2014 - 11:32 | 4701021 kchrisc
kchrisc's picture

Obamacare could be the concrete block that breaks the camel's back.

Sun, 04/27/2014 - 11:50 | 4701051 surf0766
surf0766's picture

das racist

Sun, 04/27/2014 - 12:16 | 4701091 N2OJoe
N2OJoe's picture

You misspelled Rayciss, mah brotha.

Sun, 04/27/2014 - 13:11 | 4701192 SmilinJoeFizzion
SmilinJoeFizzion's picture

Word

Sun, 04/27/2014 - 13:23 | 4701219 Funny Money
Funny Money's picture

Werd

Sun, 04/27/2014 - 14:42 | 4701407 Uncle Remus
Uncle Remus's picture

Wurd

Sun, 04/27/2014 - 19:33 | 4702252 jackstraw001
jackstraw001's picture

Foshizzle

Mon, 04/28/2014 - 00:46 | 4702984 StychoKiller
StychoKiller's picture

Wyrd

Sun, 04/27/2014 - 13:57 | 4701300 kchrisc
kchrisc's picture

NSA?! Is that you?!

Mon, 04/28/2014 - 07:51 | 4703353 Tengri Temujin
Tengri Temujin's picture

Yes it is and the kiddie porn on your computer even though deleted can still be recovered by our forensic experts who put in on your hardrive and then deleted it a few months back remotely through our BackDoorSCREWYOU program

 

Sun, 04/27/2014 - 16:06 | 4701666 grid-b-gone
grid-b-gone's picture

That bad weather came just as 8 million people cut back shopping to pay their new health policy premiums.

If consumer numbers pick up later this year, expect the numbers to show the newly-insured have been dropping coverage. 

Mandates make economies less efficient. Expect more of the same going forward. There's probably little chance of converting a community organizer into a free market believer.

Sun, 04/27/2014 - 11:42 | 4701044 Jumbotron
Jumbotron's picture

Recession 2015.

Eric Janzen over at iTulip.com has nailed the last 3 bubble and 2 recessions.  Here is a link to his forecast from last year going into 2014 and beyond.  Recession 2015 and beyond.

http://www.itulip.com/forums/showthread.php/26677-2013-Review-and-2014-F...

Sun, 04/27/2014 - 11:56 | 4701062 post turtle saver
post turtle saver's picture

"You can't run a consumer economy on capital gains, you need incomes."

undeniable

Sun, 04/27/2014 - 12:52 | 4701151 813kml
813kml's picture

You know that a society is morally bankrupt when the "health" of its economy is measured by the unhealthiest food one can put in one's body.

Sun, 04/27/2014 - 13:24 | 4701221 25or6to4
25or6to4's picture

@813
You consider MacDogshit food? That's a stretch. I haven't eaten there in 25 plus years. That dogshit comment goes for all fast food.

Sun, 04/27/2014 - 18:13 | 4702045 lotsoffun
lotsoffun's picture

it's all a copy of a copy.  it resembles food for people with no memory, and actually no imagination.  because if they had any brains, and any imagination, they would realize how closely it is made to resemble something really - but actually isn't.

 

Sun, 04/27/2014 - 15:57 | 4701626 zipit
zipit's picture

But can they levitate for Q Eternit...  

Oh, I guess not.

Sun, 04/27/2014 - 11:21 | 4700999 Make_Mine_A_Double
Make_Mine_A_Double's picture

Wait till gas hits 4.50-5 bucks/gal. The effect on the consumer as almost instaneous toxic shock.

Sun, 04/27/2014 - 11:34 | 4701027 Winston Churchill
Winston Churchill's picture

We might find out this week if Obozo and the EU impose
real sanctions on Russia, the largest oil producer in the world.SA could not even begin to take up that slack,
TPTB know we are in another spiral down , they see the real figures before massaging.A Russian scapegoat will do to
placate the sheep for a while to buy them time.

Sun, 04/27/2014 - 12:50 | 4701142 813kml
813kml's picture

Unfortunately, that's why I see a war as inevitable.  TPTB will be loathe to take responsibility for an economy and country that they destroyed.  Things are moving quickly, I think that shows just how desperate US gov has become.

Whatever sanctions the West pulls out of their ass will have far more effect on Europe than Russia.  Russia is more diversified and well-positioned than Iran was to wait out whatever economic stupidity the West has in store.  Only bullets and bombs can further the Western agenda.

It appears that US strategy is to light fires on multiple fronts and see which starts burning fastest.  Obama siding with Japan over the disputed "islands" gave China a loud-and-clear message that the US is becoming hostile.  It seems that Syria is heating up as well, Turkey could use a war of its own to distract from domestic problems.

Israel is remarkably silent because the winner of coming events is unclear.  Israel, like the sneaky rat it is, always has self-preservation in mind.  They will be very busy fighting for their own survival if the rubber truly hits the road in the ME.

The next few months should be interesting.

Sun, 04/27/2014 - 12:53 | 4701154 Winston Churchill
Winston Churchill's picture

When all else fails,war.
"Just as well courties don't act like that in the 21st
century". Our secretariat of state says so, so it must be true.\s

Sun, 04/27/2014 - 13:38 | 4701262 El Vaquero
El Vaquero's picture

Botox Boy Kerry does seem to be a good contrarian indicator when it comes to how shit actually works.

Sun, 04/27/2014 - 13:46 | 4701278 813kml
813kml's picture

I don't know if you caught any of Kerry's press conference last week but even he didn't seem to agree with the BS that was pouring out of his mouth.  He seemed very agitated, I think dark days are ahead.

Sun, 04/27/2014 - 13:52 | 4701291 Winston Churchill
Winston Churchill's picture

He looked scared to me.

Sun, 04/27/2014 - 14:00 | 4701306 El Vaquero
El Vaquero's picture

I caught a few very short snippets, but not enough to get a feel for what Kerry thought of what he was saying.

 

I also have to wonder if the WH and the oligarchs are looking back at the post WWII era thinking that a massive war would be good for an economic recovery.  WWII was a special case for the US, as we were the only country that hadn't had its factories bombed into oblivion, we had a lot of room for growth and FDR was no longer calling the shots on price controls, etc...  We don't have the room for growth that we did back then, and I would argue thta 550kt warheads dropping on the US would be bad for the economy, as well as "national security."

Sun, 04/27/2014 - 11:44 | 4701046 Jumbotron
Jumbotron's picture

Here in Northeast Florida.....we are approaching $4 dollar for regular unleaded now.  Average is around $3.78 while Middle Grade is $3.99 and Prememium is $4.05-4.15.  Diesel is higher than that.

Sun, 04/27/2014 - 12:06 | 4701076 Winston Churchill
Winston Churchill's picture

Same here in Martin county.PBC is another 0.15 higher.

Sun, 04/27/2014 - 11:24 | 4701001 El Oregonian
El Oregonian's picture

Finally, a cure for the "Buying Useless Crap Syndrome" (B.U.C.S.)

Sun, 04/27/2014 - 11:24 | 4701005 yogibear
yogibear's picture

The Wall Street banksters are running out of debt slaves.

Sun, 04/27/2014 - 11:28 | 4701011 gdogus erectus
gdogus erectus's picture

This can't be true. I would have heard about this on TV.

Sun, 04/27/2014 - 11:30 | 4701016 Professor Fate
Professor Fate's picture

Tapped out...broke...busted.  Higher rents, shorter work hours, miserable job outlook.  Yup...that Quant Easing work out well. You are now in the "Death by a Thousand Cuts" phase of the "Great Reset" as every new tax, medical expense, gas increase, inflated food price and cut in work hours salts the open wounds of consumers.  Its coming!

Fate the Magnificent
"Push the Button, Max" 

Sun, 04/27/2014 - 12:24 | 4701103 RafterManFMJ
RafterManFMJ's picture

I'm shopping at Woolworth and low discount stores
I'm dropping my standards so that I can buy more...

-Low Budget, The Kinks

Sun, 04/27/2014 - 12:34 | 4701128 sethstorm
sethstorm's picture

Those are all choices made by employers (save for higher rents).  They simply feel entitled to pass on the misery to Someone Else.

Mon, 04/28/2014 - 06:11 | 4703237 Hobo Sapien
Hobo Sapien's picture

+1 lol.

"Oh! Oh, throw more brandy! Throw more brandy! Hahahahahahaha."

Sun, 04/27/2014 - 11:40 | 4701019 Smegley Wanxalot
Smegley Wanxalot's picture

I have completely cut off consumerism can flat out say that I spend only about 5% of my gross income every month on average.  That's not 5% on just discretionary, but in total except for taxes on both discretionary and non discretionary (living, shelter, utilities and fuel, etc).

Fuck the gawdammed economy.  Withhold your money from this fucking rigged hellhole and let the fucking world rot. Spending money only feeds government and banks.

Oh yes, and what I do with the remainder (after taxes) is nobody's fucking business.

Sun, 04/27/2014 - 11:52 | 4701056 Jumbotron
Jumbotron's picture

Quite right.  I work where we get company branded shirts every year....and also at events that we work at as swag.  Fleece jackets, caps, hats, tote bags, backpacks and rain jackets sometmes as well.  All free.  Already stocked up 2 years ago on 3 dozen pair of underwear and socks.  Only have 2 pair of pants to my name....same number of shorts.  I only own one pair of shoes....steel toe boots....and wear them to the office, to events, to church, to dinner occasions.  They're about to rot off my feet....but not until my foot comes completely through will I replace them.

Don't do cable or satellite.....only stream on ROKU with Netflix my only only paid subscription.  The rest are the free channels on ROKU and don't have that much time to watch....even if I wanted to.  $35/month flat fee all you can eat cell phone service.

I'm long bags of rice, beans, and 2 for 1 meat specials that promptly go into my freezers.

Fuck this consumerism hell hole we have created.

 

Sun, 04/27/2014 - 13:06 | 4701182 Midas
Midas's picture

You might be able to get your cell phone service expense down a bit by using www.ting.com  I don't know what your usage is like, but you can pull out your last bill and see how much it would have cost you with ting. https://ting.com/rates  If you use a lot of minutes 35 a month is a good deal.  I only use my cell when I am away from home so I save quite a bit with ting.  One catch, you have to provide your own phone, but after your contract with a cell plan expires that is easy enough.  Ting uses the Sprint network, so you will get the same quality as Sprint.   Keep squeezing those monthly recurring expenses, they add up brotha!

Sun, 04/27/2014 - 15:41 | 4701571 Jumbotron
Jumbotron's picture

Thanks for the tip.  Might come in handy one day if I need to switch.  But I have no land line....so my cell is my home phone.  My work cell is provided for me.  BTW you mention Ting uses Sprint.  I use Boost.  They are Sprint also.  I took advantage of their service that drops your bill down 5 bucks every six months if you pay on time.  Got it down to 35.  Unlimited calls....and a cap of 2 megs data download.  But I don't do downloads on the phone.

It was an easy choice.  No real cell service in my neck of boonies except for Sprint.  Kinda helps when your neighbor right next door owns the lot where they put a Sprint tower. ;)

And your right on the keeping the expenses down.  A penny saved is a penny earned.

Sun, 04/27/2014 - 14:52 | 4701420 mt paul
mt paul's picture

I've done the same thing 

fuck the game ,I'm out

spend as little as possible anymore

vanishing tax foot print..

starve the beast ... 

Sun, 04/27/2014 - 11:32 | 4701023 oklaboy
oklaboy's picture

well I am off to get my dollar menu smorgasboard...

Sun, 04/27/2014 - 11:33 | 4701025 zjxn06
Sun, 04/27/2014 - 11:34 | 4701028 NOZZLE
NOZZLE's picture

One of the things that disgusts me the most is the 25 deep line of cars at 5pm at the local McShitz.  1st, at least park your damm car and walk inside to order and pay for your food it'll save you half an hour of your time 2nd, the cost of that garbage $ 6 plus for a thin slice of chicken sandwich  a handfull of french fries and a cup of colored  corn syrup.

 

you could go in a grocery store get a whole cooked chicken for $9, a loaf of bread for $3, head of lettuce for $1, a 36 bottle pack of water for $3 and feed your family.

Sun, 04/27/2014 - 11:48 | 4701050 rsnoble
rsnoble's picture

I can get whole cooked chkns here for $5 and the loaf of bread for 99cent.

Good points you brought up.  Also fast food has caught up with low-level sitdown and not nearly as good if you know where to go.  And the people that work there want $15hr lol.  Or course in the US it's go! go! go! so people will still be breaking their necks to make there and back to work in 30min.

Sun, 04/27/2014 - 11:51 | 4701052 Squid Viscous
Squid Viscous's picture

that problem will be minimized soon when it costs more to have your car in idle for 15 minutes than a happy meal...

Sun, 04/27/2014 - 11:53 | 4701058 Jumbotron
Jumbotron's picture

Damn straight on that one.

Sun, 04/27/2014 - 11:36 | 4701031 Ellesmere
Ellesmere's picture

Yellen Tunnell Vision ?

Sun, 04/27/2014 - 11:39 | 4701036 Squid Viscous
Squid Viscous's picture

Get to work Mr. Yellen (someone had to say it...)

Sun, 04/27/2014 - 11:39 | 4701038 Offthebeach
Offthebeach's picture

Took the nieces and nephews to McD's. Got to be rich to eat there.

Thank God that German Food Relief agency ( nice Christian kids)comes by once a month with the sorghum. 22 kilo sack on my back, and half liter cooking oil, humped down to the van by the river gets me and the miss through the month. Throw in some can lunch meat and dented vegs from with her Dollar Store job employee associate discount and we get by.

Forward!

Sun, 04/27/2014 - 12:30 | 4701119 Headbanger
Headbanger's picture

I've read SPAM is making a come back and a lot goes with it!

http://www.youtube.com/watch?v=XZ6N5m8FpVg

 

 

Sun, 04/27/2014 - 12:46 | 4701145 roadhazard
roadhazard's picture

You can buy bacon flavored Spam now. They have a place of honor in my SHTF pantry.

Sun, 04/27/2014 - 14:50 | 4701422 Rubbish
Rubbish's picture

It should, I have 30+ lbs. in storage.

Sun, 04/27/2014 - 14:54 | 4701434 mt paul
mt paul's picture

when in doubt

buy a few more cans

of spam ..

Sun, 04/27/2014 - 11:45 | 4701047 SmilinJoeFizzion
SmilinJoeFizzion's picture

You want to see the real cross section of the country hit the magic kingdom on a summer afternoon. The average weight of each guest has to top 300 lbs. The kids are so fat they float

Sun, 04/27/2014 - 11:47 | 4701049 bankonzhongguo
bankonzhongguo's picture

Wandered through an outlet mall in Livermore, CA yesterday.

Crazy busy.  There was a line 30 deep to enter the Coach store.  A ton of Chinese and Indian families all shopping like it's 1999.  But then again they bring tour buses through there too.

Hours later, wade through an end-of-the-month Wal-mart looking for batteries. Fairly dead with the usual gut busting inbred slags sporadically pushing their carts toward serfdom.

Maybe this is an apple to oranges comparison, but there is an emerging bifurcation in the economy.  This is just the natural purging of the middle class from a disappeared industrial base and that declining purchasing power is going to leave a mark.

Between the Internets and lower real family wages, expect a lot more vacant commercial space and a lot more lost jobs.

Rich people are going to start being hated and targeted unless the economy turns around.

I would not want to be a scapegoat for this failed economy.

This childish unemployable broken-promised millennial class is going to lash out when their cell phones get turned off for non-payment and they are all living in their parents' borrowed cars.

Sun, 04/27/2014 - 11:52 | 4701055 optimator
optimator's picture

And the smart money uses things like real time satellite photos of parking lots as one item in measuring the economy.

Sun, 04/27/2014 - 11:57 | 4701065 Jumbotron
Jumbotron's picture

Pretty soon Wal Mart will be the biggest renter in the land renting out their parking slots to RV's housing displaced people at night

Sun, 04/27/2014 - 12:57 | 4701158 Offthebeach
Offthebeach's picture

Wal-Mart! I forgot about that. Got a temp asbestos removal job lined up that will really put me flush going into the summer. But it is away and requires me staying all work week. Now the Missus can defend the humble van castle with her improvised spear gun ( broom handle, inner tube, lawn dart ). But, crunching the numbers, 12hrsx5x $8( cash money!) doesn't leave lots of profit. So no campground.....sooo...super dark the 1991 Escort( 2 door ) windows, punch though the back seat into the trunk and Vola'. RV!. Picked up a 12v coffee maker at the truck stop so's I got hot sorghum for breakfast and soups. I'll park near the rich homeless like I'm their tow car. Just face was up at fast foods and full clean off the asbestos dust when I get back to the humble van were yon princess awaits her knight! Forward

Sun, 04/27/2014 - 13:31 | 4701242 novictim
novictim's picture

That is such a good point.  Those on the "in" have special access and they know exactly what the economy is really doing.  The rest of us have to guess but all the while be manipulated by NPR Jingoism and carefully crafted economic propaganda.

 

Satellite photos are the REAL INSIDER information.  Through indirect photo measurements they can even see the impact, positive and negative, from climate change on every area of the USA.  With that, they can predict the best up and coming real estate on a strategic level...while the rest of us, again, guess.

It feels even worse, more rigged and unfair, when one considers that those satellites are only their because the tax payers made it happen, invested in tech, and launched the space programs of the past.

Sun, 04/27/2014 - 12:02 | 4701069 Caviar Emptor
Caviar Emptor's picture

Maybe this is an apple to oranges comparison, but there is an emerging bifurcation in the economy.

Yet another facet of Biflaiton, buddy. Declining living standard for most 'Merikans, but increased standard for those closest to the money spigot. Wealth/capital will continue to be concentrated more and more at the top with very little but crumbs for the 99% crowd. Inheriting wealth is now more likely than ever earning it in a self-made way. The barriers to economic advancement are larger than ever

Sun, 04/27/2014 - 13:17 | 4701134 sethstorm
sethstorm's picture

Rich people are going to start being hated and targeted unless the economy turns around.

I would not want to be a scapegoat for this failed economy.

You wouldn't want to be the people protecting them either, since you would be part of the problem. 

 

This [derp redacted] millennial class is going to lash out when their cell phones get turned off for non-payment and they are all living in their parents' borrowed cars.

Hopefully they win.

Sun, 04/27/2014 - 12:53 | 4701155 malek
malek's picture

Well that mall in Livermore is a bit of an outlier. Go to Napa outlet mall for a comparison shock.

Sun, 04/27/2014 - 13:06 | 4701177 Typing Typer
Typing Typer's picture

"Outlet mall", that reinforces the message of this article, that discounts and bargains are being aggressively sought out as shoppers run low on funds.

As far as McCrappy's goes, people now know (after 5 years of depression) that the greasy food there makes you fat! Even if it does cost just .99 cents, so people are belatedly shunning that fatty garbage.

Remember in both India and China there are gargantuan populations, 2.3 BILLION people combined together, the few you saw here on buses are a tiny portion of them with enough money to be here and shop, and they are still going to outlets to save money (smart shoppers!). The majority in those countries are desperately poor.

Where I live I see the cheapest places full, and many other places empty, with a truly shocking number of store fronts closing on an even spread across the whole metro area. But sometimes I do see mall parking lots full in the middle of the day. Don't most people work during the day? Isn't money hard to come by? Sometimes it seems so, sometimes it doesn't. Definitely big "distortions" all over the place, to be expected from a manipulated economy and currency system, not to mention the news that is broadcast to the general population.

Sun, 04/27/2014 - 11:51 | 4701053 Manipulism
Manipulism's picture

What about the 70% GDP = consumer spending myth?

Also an "american dream"?

Sun, 04/27/2014 - 11:56 | 4701061 Caviar Emptor
Caviar Emptor's picture

Death of the yuppie? OMG SHOP! You consumers are a joke! You are letting your country and the world down by not being aspirational consumerists as you were pre-programmed to be. 

I suggest a massive re-indoctrinaiton program: All Amerikans will bre required to spend one week of vacation time this year at a FEMA Camp where you will be given instruction on how to be model citizens! Else be arrested in the name of the people. 

To paraphrase the words of a well-known endoctrinator: Shopping Shall Set You Free!

Sun, 04/27/2014 - 14:04 | 4701319 TalkToLind
TalkToLind's picture

The person who gave you the down vote has been identified and will be sent to Room 101.

Sun, 04/27/2014 - 12:04 | 4701071 BrigstockBoy
BrigstockBoy's picture

NWO mantra:

"When it becomes serious, you have to lie."

Sun, 04/27/2014 - 12:05 | 4701075 MedicalQuack
MedicalQuack's picture

The World Privacy Forum put out a report and it's well worth reading "The Secret Scoring of America".  It starts out with history on how our original credit scores were not available and the fight to give consumers the right to see what information is there.  Well the scoring doesn't stop there and there a lot more scoring going on.  In particular the one I think is a total sham is the FICO "medication adherence scoring".  We don't get to see how they score us and they have so far scored over 3 million people and FICO advertises that all they need is a name and address to score you to see if you will be a good patient and take your medicine.  It's a crock in my estimation and they are of course using proprietary formulas to do this, so it's like trust us and well find those bad patients out there.

FCIO sells the information to pharmaceutical and insurance companies.  They take this score and further query and score you as well.  It's rolls. The rest of the world is watching as sure it happens in other countries but nowhere like the US and the uptick is scary.  Nobody questions the formulas or is there an opportunity to replicate the formulas to check for accuracy with non linear math calculations being used. 

http://ducknetweb.blogspot.com/2014/04/world-privacy-forum-report-scorin...

Of course this affects what you can and can't buy when you get into areas like cars, homes, etc.  The data is flawed terribly.  I checked my own with a couple of data brokers and they have me listed as using an alias I have never uses and state that I have a friend, a name I have never heard of that should be looked at as well.  I didn't go that far but heck it could be some criminal as this is happening to people with flawed data and sham queries that are proprietary that you don't get to see.  In Phoenix a local TV station is become a big consumer advocate for helping people insurer United Healthcare as they too run queries that will give them numbers to justify denial of claims filed, again we have some scoring going on here.

http://ducknetweb.blogspot.com/2014/04/local-arizona-television-station....

Here's how the subsidiary Optum of United Healthcare now is soliciting doctors with pushing their analytics..an ad  "Moneyball Analytics"...sent to hospitals and doctors..not what I call ethical advertising, but you can form your own opinion. 

http://d3j5vwomefv46c.cloudfront.net/photos/large/849974089.png?1398441739

So yes we are not out there shopping and are trying to survive for sure and when you have tactics like this, not to mention the new Verizon tracking to allow companies like SAP to broker and sell more of your data...we are fighting analytical algorithms everywhere you turn.  The Verizon issue is where in addition to what you do on your phone, they want to also track everything you do on your computer so I suggest opt out when they want to give you some new great software.  They pushed it on me a while back in preparation.  The installer who connected my FIOS said it was mandatory for him to install this software.

http://ducknetweb.blogspot.com/2014/04/data-selling-grows-bit-more-today...

Sun, 04/27/2014 - 16:47 | 4701804 WillyGroper
WillyGroper's picture

So a mis-diag with a shitload of scripts that didn't take care of the problem is going to get you a one way ticket to a FEMA camp with force fed med's?

Can't wait for the boil over.

Sun, 04/27/2014 - 12:18 | 4701095 BeerMe
BeerMe's picture

The trend in retail is not good.  Maybe we can blame taxes for the slow April?

Sun, 04/27/2014 - 12:21 | 4701100 I Write Code
I Write Code's picture

I just dunno, out in Woodland Hills (Los Angeles suburb) yesterday, and the parking lot at the main mall is filled, and the parking lot a half mile down at the strip mall is also filled.  Based on that indicator (not to mention estimating the value of the parked cars!), you'd think the economy is bursting at the seams.

I'm not sure the sales are as high as the traffic, but something is going on here.

Me?  I just looked at some stuff, had lunch, then picked up an LED bulb and an agave plant at Home Depot.

Mon, 04/28/2014 - 06:54 | 4703292 Hobo Sapien
Hobo Sapien's picture

LOL. I actually worked in a failing mall around 2006-7, manager of a framed print gallery. First 6 months were good, so much new construction around, lots of people looking to hang something on the walls of their new castles. Then it went quiet. The mall became a place for seniors to do their morning walk/hobble; the afternoons featured patrolling gangs of immigrant muscle/fat selling drugs with 12 yr old runners, older ladies window shopping to have an excuse to get dressed and socialise, and groups of teens waiting to commit a skateboarding infraction. Potential customers with cash became rarer than Bigfoot sightings. Don't know how it is now, but hard to imagine it's better. Last I saw it the mall had lost 2 of its 3 anchor stores, and was filled with import shops featuring persian rugs, knockoff purses/luggage, etc. - probably rent-free from the mall just to give it a semblance of life.

F'n malls. They'll still have some action (but maybe not transactions) as long as there are cougars.

Tue, 04/29/2014 - 05:56 | 4706894 Hobo Sapien
Hobo Sapien's picture

Nobody else been there? Really?

Sun, 04/27/2014 - 12:32 | 4701123 sethstorm
sethstorm's picture

Thank the private sector.

Sun, 04/27/2014 - 13:22 | 4701214 J Pancreas
J Pancreas's picture

You're a paid government troll if I've ever seen one. Every post you make is the same. .gov is desperate for misinformation among newly awakened minds. Go to Hell.

Sun, 04/27/2014 - 14:37 | 4701394 sethstorm
sethstorm's picture

Nope, but believe it all you want.

The private sector had all the choice but took the entitlement mentality route.

Sun, 04/27/2014 - 12:33 | 4701127 Seasmoke
Seasmoke's picture

I was very rich, then in 2012 I hit the credit limit on all my credit cards and I became very poor. 

Sun, 04/27/2014 - 12:47 | 4701146 q99x2
q99x2's picture

"2009 have '"colored people's"' recollections"

Haven't heard that one for a while David.

Yellen better start sending me more money that's all I know.

Sun, 04/27/2014 - 12:57 | 4701162 Bastiat
Bastiat's picture

Sure, blame the colored people.

Sun, 04/27/2014 - 13:45 | 4701168 buzzsaw99
buzzsaw99's picture

The chart asks the question: What happened here, in the middle of 2012? Nobody answered that question but I suspect that is because we all know what it was.

Sun, 04/27/2014 - 13:04 | 4701175 novictim
novictim's picture

What if the Federal Reserve were run by Oncologists? 

Fed Chairman/Chief Oncologist:

"A slow down in the economy is a good thing, for sure.  You don't want it getting out of control.  Even some "pull-back" by investors and an accompanying negative GDP growth rate would be a sure sign that we are heading into calm waters.  We need to shrink this before it is too late!"

The Fed went on to say:

"...and sustained high unemployment has been our goal all along.  With such levels, the Economy should really "Take Off".  The numbers are in and it is clear to us that the bags are all packed.  Finally, the economy can go on a long vacation with tequila and dancing girls for everyone!"

Asked about the long term prognosis, the Fed elaborated:

"Well, we have no Crystal Ball.  I've always made that clear.  We can only give the medicine and hope to achieve measures of success...uh...and those measures are sooo complicated I won't bore you with them.  You really need to have a PhD in economics to even grasp how successful we've been.  

But, suffice it to say, the cocktail of toxic MBS and ballooning asset prices, the Zero Interest Rate Policy that is so helpful in growing our partners and close friends in the financial sectors...Darn, I'll just say it! MIRACLE CURE!!!  

It is all just what the doctor ordered...and you're NOT a doctor, clearly, or you would not have that frown and ask these silly questions.  Look!  You have to get sick in order to get well...the sicker, the better.   If the Patient dies, it was meant to be... and we will all be better off for it.  Trust US!"

Sun, 04/27/2014 - 13:07 | 4701183 I am Jobe
I am Jobe's picture

Ah the future

Breast milk

Hookers

Pimping

Amerikas Consumer society collapse will mean other areas of opportunities.  Nothing like white girls sold of to Arabs and Chinks as slaves. 

Sun, 04/27/2014 - 14:36 | 4701389 sethstorm
sethstorm's picture

No, more like the US citizens plinking off those foreigners more often.

 

Sun, 04/27/2014 - 15:00 | 4701445 mt paul
mt paul's picture

took wife #2 to Dubai

tall red headed she bytch

left her there, traded for camels...

Sun, 04/27/2014 - 13:10 | 4701191 Bunga Bunga
Bunga Bunga's picture

How channel stuffing worked in the 1980s:

http://www.theverge.com/2014/4/26/5656288/construction-workers-unearth-l...

 

 

Sun, 04/27/2014 - 13:11 | 4701194 BullyBearish
BullyBearish's picture

Said it 6 years ago, feel it even more strongly today:

H O P E  =  How Our Prospertiy Ended

Sun, 04/27/2014 - 18:50 | 4702155 yellowsub
yellowsub's picture

Put that on a shirt and sell it before someone else does.

Sun, 04/27/2014 - 13:16 | 4701204 SmilinJoeFizzion
SmilinJoeFizzion's picture

Best paying job out there is to have NO JOB, feral kids and a reloaded debit card courtesy of uncle Sammy

Who knew the govmint cheese was Parmesan Regggiano

Sun, 04/27/2014 - 13:19 | 4701205 SmilinJoeFizzion
SmilinJoeFizzion's picture

What time is that's Clippers game?

Sun, 04/27/2014 - 14:53 | 4701431 Rubbish
Rubbish's picture

Any black people going to be there? The game is just magic.

Sun, 04/27/2014 - 13:31 | 4701236 bugs_
bugs_'s picture

Usually the last week of the month is slow for Walmart as most customers spend themselves out in the first 3/4's of the month.  This month (April) it was eerie how slow it was - much more so - was this the tax-time efferct?  (Expect larger than traditional delays on refunds)  If we were generating stats using the last week of each month and calculating same-store Y/Y on the last week it would be quite fugly.

Smaller businesses will be more competitive now with larger companies attempting to pass on Obama's mandate to their customers.  Customers will shop and try to find a better deal.  Some of the drop off in the charts may be due to competition rather than 100% being due to a recession within a recession.

Sun, 04/27/2014 - 13:33 | 4701251 whoisjohngalt11
whoisjohngalt11's picture

Need more buitter (as opposed to cowbell) http://youtu.be/EvMwCvbHHUY

Sun, 04/27/2014 - 13:36 | 4701254 WMM II
WMM II's picture

"McDonald's latest results confirm that something is very much amiss on the consumer side."

 

i'd hate to think that its because people have decided its bettor to eat food than to go to mcdonald's.

 

:)

 

 

Sun, 04/27/2014 - 13:44 | 4701275 yogibear
yogibear's picture

Go to a sandwich shop and pay $8.00 for a small sub and bottled water it's time to start brown-bagging or buying frozen.

 

Sun, 04/27/2014 - 17:19 | 4701882 yellowsub
yellowsub's picture

Doesn't seem Chipotle is affected.

Sun, 04/27/2014 - 14:55 | 4701436 Seek_Truth
Seek_Truth's picture

We're consumers. We are by-products of a lifestyle obsession. Murder, crime, poverty, these things don't concern me. What concerns me are celebrity magazines, television with 500 channels, some guy's name on my underwear. Rogaine, Viagra, Olestra.

Sun, 04/27/2014 - 15:55 | 4701618 Goldilocks
Goldilocks's picture

Evanescence - Bring Me To Life
http://www.youtube.com/watch?v=3YxaaGgTQYM (4:12)

Evanescence - Everybody's Fool
http://www.youtube.com/watch?v=jhC1pI76Rqo (3:36)

Sun, 04/27/2014 - 15:55 | 4701621 polo007
polo007's picture

According to Tullett Prebon Group Limited:

http://www.tullettprebon.com/Documents/strategyinsights/TPSI_009_Perfect_Storm_009.pdf

perfect storm

energy, finance and the end of growth

Summary

The economy as we know it is facing a lethal confluence of four critical factors – the fall-out from the biggest debt bubble in history; a disastrous experiment with globalisation; the massaging of data to the point where economic trends are obscured; and, most important of all, the approach of an energy-returns cliff-edge.

Through technology, through culture and through economic and political change, society is more short-term in nature now than at any time in recorded history. Financial market participants can carry out transactions in milliseconds. With 24-hour news coverage, the media focus has shifted inexorably from the analytical to the immediate. The basis of politicians’ calculations has shortened to the point where it can seem that all that matters is the next sound-bite, the next headline and the next snapshot of public opinion. The corporate focus has moved all too often from strategic planning to immediate profitability as represented by the next quarter’s earnings.

This report explains that this acceleration towards ever-greater immediacy has blinded society to a series of fundamental economic trends which, if not anticipated and tackled well in advance, could have devastating effects. The relentless shortening of media, social and political horizons has resulted in the establishment of self-destructive economic patterns which now threaten to undermine economic viability.

We date the acceleration in short-termism to the early 1980s. Since then, there has been a relentless shift to immediate consumption as part of something that has been called a “cult of self-worship”. The pursuit of instant gratification has resulted in the accumulation of debt on an unprecedented scale. The financial crisis, which began in 2008 and has since segued into the deepest and most protracted economic slump for at least eighty years, did not result entirely from a short period of malfeasance by a tiny minority, comforting though this illusion may be. Rather, what began in 2008 was the denouement of a broadly-based process which had lasted for thirty years, and is described here as “the great credit super-cycle”.

The credit super-cycle process is exemplified by the relationship between GDP and aggregate credit market debt in the United States (see fig. 1.1). In 1945, and despite the huge costs involved in winning the Second World War, the aggregate indebtedness of American businesses, individuals and government equated to 159% of GDP. More than three decades later, in 1981, this ratio was little changed, at 168%. In real terms, total debt had increased by 214% since 1945, but the economy had grown by 197%, keeping the debt ratio remarkably static over an extended period which, incidentally, was far from shock-free (since it included two major oil crises).

Sun, 04/27/2014 - 16:18 | 4701710 dizzyfingers
dizzyfingers's picture

Yelling: "The strong incoming data on spending eased my fears that we are in or are approaching a recession regime..."

No, see, we would have to reverse time to about year 2007 in order to undo the depression caused by Fed policies, then we might get to recession.

Sun, 04/27/2014 - 16:26 | 4701738 Youri Carma
Youri Carma's picture
So, when Felix Zulauf says that the U.S. is doing better than the rest of the world I don't agree. 11% of US GDP is exports while 70% of GDP is consumption. So no US consumption, no economy, simple as that.   Felix Zulauf on KWN, Sunday, April 27, 2014 – AUDIO http://kingworldnews.com/kingworldnews/Broadcast/Entries/2014/4/27_Felix_Zulauf.html
Sun, 04/27/2014 - 18:27 | 4702083 Magooo
Magooo's picture

WW3 will take your mind off all this negative stuff.

Sun, 04/27/2014 - 18:43 | 4702136 Hannibal
Hannibal's picture

<< I sold out of the USofA and spending my money in Costa Rica,...gladly.

<< Fuck the US!

Sun, 04/27/2014 - 18:53 | 4702165 Ban KKiller
Ban KKiller's picture

Playa Hermosa, near Coco Beach. Playing pool at the pub. 

Sun, 04/27/2014 - 19:01 | 4702189 pupdog1
pupdog1's picture

"There is simply no way that anything other than consumer exhaustion can create the chart above."

 

Well, that's just bullshit. How about...

   --Filthy stores, even at opening time. Zero chance of getting a clean table.

   --Having to go back in line because they forgot the salt and pepper and napkin, which you cannot help yourself to.

   --Food that is even more hideous than last week (for example, scrambled eggs that now consist of a bizzare solidified dark yellow substance).

   --You-are-a-rival-gang-member level of service.

   --One-in-five chance of getting a drive-thru order correct.

Sun, 04/27/2014 - 20:25 | 4702389 Kelley
Kelley's picture

Sounds like you had a bad day. Maybe you try eating somewhere else since that place has so many deficiencies.

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