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Do You Believe In Miracles?

Tyler Durden's picture




 

Pray to the god of hockey-sticks...

 

 

h/t @Not_Jim_Cramer

 

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Fri, 05/02/2014 - 18:37 | 4722159 999.9
999.9's picture

Bullish

Fri, 05/02/2014 - 18:40 | 4722169 Xibalba
Xibalba's picture

so freakin bullishit

Fri, 05/02/2014 - 18:42 | 4722182 Arius
Arius's picture

Not_Jim Cramer? whats up with that?

 

myself, I like the guy ... he is a plain Con man and doenst pretend to hide it, he is open about it and proud of it ... which is fine in my book, it is your choice o buy his product, he is open to what he sells.

Fri, 05/02/2014 - 18:55 | 4722217 fonestar
fonestar's picture

fonestar believes he can fly.  With Satoshi we can touch the sky!  A whole new virtual world... a funky, cryptographic feeling....

Fri, 05/02/2014 - 18:58 | 4722231 Stackers
Stackers's picture

nothing some BLS seasonal adjusting cant fix

Fri, 05/02/2014 - 20:10 | 4722444 BraveSirRobin
BraveSirRobin's picture

And if that does not work, WWIII will break lots of windows.... then prosperity for all. You must learn to see the silver lining in Keynsian war.

Fri, 05/02/2014 - 21:20 | 4722622 mjcOH1
mjcOH1's picture

"fonestar believes he can fly.  With Satoshi we can touch the sky!  A whole new virtual world... a funky, cryptographic feeling...."

 

Inhaled.   Exhaled.   Drank the bong water.

Sat, 05/03/2014 - 06:40 | 4723239 svayambhu108
svayambhu108's picture

Bitcoin si like any piramidal game it makes sense in the system that supports it, when shit will hit the fan bitcoin guys will have the most problem recovering their money, bitcoins have no intrinsec money. At least with paper you can wipe your ass. 

Disclaimer I am not into finance I am into computers. 

 

Thumbs up for fone and banzai

Fri, 05/02/2014 - 19:01 | 4722239 MarsInScorpio
MarsInScorpio's picture

Fone:

 

I thought you died.

 

Hurry up and evaporate.

-30-

 

 

Fri, 05/02/2014 - 19:08 | 4722259 fonestar
fonestar's picture

Those who strive towards Satoshi conciousness shall achieve it if they are earnest.  They will become virtualized and go to that big ol' GOOG cloud in the sky and transcend life, death and the bit bucket.

Fri, 05/02/2014 - 19:12 | 4722283 logicalman
logicalman's picture

I thought BitCoin was a currency, not a religion.

 

Sat, 05/03/2014 - 02:06 | 4723106 Whalley World
Whalley World's picture

I am holding Bitcoin and I am pretty sure this dude is costing me money.

 

F* are you a shortin disguise?

Fri, 05/02/2014 - 20:02 | 4722428 Dick Buttkiss
Dick Buttkiss's picture

You crack me up, fonestar.  And please keep crackin'.

The future lies in Satoshi consciousness.  Which is to say, in money set free from the confines of the state and in the liberation of humanity that is poised to result from it.

In the meantime, and as always, the state can kiss my ass.

Fri, 05/02/2014 - 22:34 | 4722830 A Nanny Moose
A Nanny Moose's picture

You gotta respect his conviction, and his typically humorous responses.

They laughged at Noah...until they were up to their ears in water.

Sat, 05/03/2014 - 00:53 | 4723037 Al Gorerhythm
Al Gorerhythm's picture

Noah's weather report; "Scattered showers my ass"!

Sat, 05/03/2014 - 06:43 | 4723242 Bendromeda Strain
Bendromeda Strain's picture

Which is to say, in money set free from the confines of the state and in the liberation of humanity that is poised to result from it.

If that were actually true, then I would be more enthusiastic than Foney. There is no crypto in this "crypto", therefore it should always be in asterisks. Those who claim the elaborate hoops they jump through actually give them anonymity may be deceiving themselves even worse. If they didn't already know they can control it, they would have crushed it mercilessly. Go back and reread the absolutely mind bending bullshit mendacity of the State's Attorney in the Liberty Dollar case.

Sat, 05/03/2014 - 08:39 | 4723327 Dick Buttkiss
Dick Buttkiss's picture

On the contrary, “If Bitcoin dies, there are a dozen or more other cyber currencies waiting in the wings to be the next Bitcoin.”

http://www.theguardian.com/money/us-money-blog/2014/apr/09/why-bitcoins-matter-digital-currency-future
Sat, 05/03/2014 - 09:34 | 4723390 OceanX
OceanX's picture

Could you please tell me why BitTorrent has yet to be crushed?

Fri, 05/02/2014 - 21:36 | 4722660 Fail2Deliver
Fail2Deliver's picture

I give you an up vote every time you post fonestar. Can not get enough fonestar!

Fri, 05/02/2014 - 20:40 | 4722510 Baldershymn
Baldershymn's picture

To Alpha Centauri bitchez!

Fri, 05/02/2014 - 19:34 | 4722351 surf0766
surf0766's picture

He helped to destabilize the market in 2008 and should be in jail for it

Fri, 05/02/2014 - 20:08 | 4722440 what's that smell
what's that smell's picture

hey jim.

it's nice to see you're posting here.

trolling for viewers in the basement of zerohedge is desperate.

good luck.

Fri, 05/02/2014 - 18:47 | 4722184 TeamDepends
TeamDepends's picture

If I was in your shoes, I'd be uh,

Leaving!!!

What a good idea!

Fri, 05/02/2014 - 18:57 | 4722230 fonestar
fonestar's picture

Don't check out until the party gets started.

Fri, 05/02/2014 - 19:06 | 4722256 TeamDepends
TeamDepends's picture

Mind if we dance wif' yo dates?

Fri, 05/02/2014 - 19:45 | 4722380 observer007
observer007's picture

MERS deadly disease: First victim in US

 

Health officials have confirmed the first case in the United States of the deadly Middle East Respiratory Syndrome , a virulent and relatively new condition first reported in Saudi Arabia in 2012. The unnamed healthcare worker arrived in Chicago about a…

Latest:

http://tersee.com/#!q=mers&t=text

Fri, 05/02/2014 - 19:55 | 4722409 Amish Hacker
Amish Hacker's picture

...to Otis Day and the Knights. Otis! My man!

Fri, 05/02/2014 - 22:38 | 4722840 A Nanny Moose
A Nanny Moose's picture

you owe me a beer and a keyboard.

Lessson: Don't drink and type.

Fri, 05/02/2014 - 20:56 | 4722555 garypaul
garypaul's picture

Yes it's bullish. It beat the estimates!!!

Fri, 05/02/2014 - 18:38 | 4722163 Seasmoke
Seasmoke's picture

Wayne Gretzky could not save this

Fri, 05/02/2014 - 18:52 | 4722209 LetThemEatRand
LetThemEatRand's picture

Time to trot out his daughter to distract everyone.

Fri, 05/02/2014 - 19:13 | 4722285 logicalman
logicalman's picture

He doesn't have to.

She trots herself out.

I think he might be kind of embarrassed.

 

Fri, 05/02/2014 - 19:27 | 4722334 LetThemEatRand
LetThemEatRand's picture

So kind of like Kerry?

Fri, 05/02/2014 - 19:35 | 4722354 logicalman
logicalman's picture

On a scale of 1 to 100

Wayne: 5

Kerry: 1,000,000

Fri, 05/02/2014 - 20:12 | 4722451 what's that smell
what's that smell's picture

hey john.

nice to see you posting here in the basement of zerohedge.

desperate is as desperate does.

keep up the good fight and please say high to goldman saks, bank of america, charles hughes, jim cramer, and the other silly bitch fonestar/max keiser/bitcoin/maxcoin

Sat, 05/03/2014 - 01:24 | 4723064 WeeWilly
WeeWilly's picture

Why the long face, John?

Sat, 05/03/2014 - 03:01 | 4723148 CuttingEdge
CuttingEdge's picture

Kerry doesn't get embarrassed. He IS the complete embarrassment package.

Fri, 05/02/2014 - 19:47 | 4722293 HardlyZero
HardlyZero's picture

W. Buffet will be at the bottom providing support.  He's been getting free shots all week without any defense.

Warren will be there levitating above the Black Hole.

https://answers.yahoo.com/question/index?qid=20100201175330AAxiLnj

Fri, 05/02/2014 - 18:39 | 4722166 kaiserhoff
kaiserhoff's picture

Real estate agents don't like to cry in public.  But they are certainly blubbering, whining, pulling the last of their hair out in my area.

Leading indicator?  Think so.

Fri, 05/02/2014 - 19:14 | 4722287 seek
seek's picture

There's more for sale signs in my area (Phoenix) than there were when '07-'08 blow-up happened... And they've restarted construction as well. Time to sell has been increasing, prices set at delusional levels, real estate investing class signs sticking out of the ground on the side of the roads, every top sign you can imagine is there.

Fucked R.E. market 2.0 countdown is on...

Fri, 05/02/2014 - 19:18 | 4722304 Oldwood
Oldwood's picture

but i thought bubbles were a positive economic indicator.....

Sat, 05/03/2014 - 08:59 | 4723347 Keyser
Keyser's picture

Hell, in Texas prime real estate stays on the market less than 24 hours after being listed... I missed a property 2 weeks ago and I offered the sellers asking price... The winning offer was $20k over asking price... A subtle by-product of not having a local economy that sucks eggs... 

 

Fri, 05/02/2014 - 19:26 | 4722308 HardlyZero
HardlyZero's picture

One of the most inflated RE markets is Las Vegas.  I've had a few friends involved there.  If you time it right and need a lifestyle change, then get some cheap property there in the hyper-polarization (after the vertical down), then become a bartender for the end times.   Or repair/service electronics for the slot machines and extravagent lighting arrangements.  All sorts of action 24/7.   But, if you have a family, morals, and commitments then there is no simple or good end-game.

Fri, 05/02/2014 - 20:10 | 4722443 DoChenRollingBearing
DoChenRollingBearing's picture

A guy at the LCS where I buy my gold just got laid off today.  Hmm, sure re recovery and jobs.

Fri, 05/02/2014 - 18:39 | 4722168 Stoploss
Stoploss's picture

.     .

  0

Sat, 05/03/2014 - 01:09 | 4723052 IridiumRebel
IridiumRebel's picture

Holy shit that's funny!

Fri, 05/02/2014 - 18:41 | 4722172 Charles The Ham...
Charles The Hammer Martel's picture

The jig is up. People are finally realizing they are running out of time and the EBT cart keeps getting lighter and lighter. I wonder if people can remember what blades of grass taste like? The Romans knew around 400 AD.

Sat, 05/03/2014 - 08:14 | 4723300 Oleander
Oleander's picture

Dandilions taste better. Young Hosta shoots are great. It doesn't hurt to know what plants in your yard are edible, just in case you ever need to.

Sat, 05/03/2014 - 08:59 | 4723348 Jimmy Carter wa...
Jimmy Carter was right's picture

Dandelion leaves for salad. Flowers for wine. You can dip the whole plant with a flower bud, into a flour and water batter and deep fry, serve with a sprinkle of salt. Just watch out where the doggies go weee.

Fri, 05/02/2014 - 18:42 | 4722176 Parrotile
Parrotile's picture

If based on the more believable Shadowstats data, this is pretty terrible.

If based on the "massaged, Hedonically-adjusted, 'Modern method of calculating results', present-the rosiest-picture-possible BLS data", things certainly are "getting interesting".

Surely nothing at all to do with those sanctions having an "unexpected consequence" I trust . . . . . .

Fri, 05/02/2014 - 18:42 | 4722179 Yen Cross
Yen Cross's picture

  Please Tyler? No moar broken (left) legs.

Fri, 05/02/2014 - 19:11 | 4722278 CrashisOptimistic
CrashisOptimistic's picture

Heard a guy on CNBC radio saying he sees a GDP Q2 print well north of 4%.

There was a moment of dead silence.

Fri, 05/02/2014 - 19:23 | 4722317 HardlyZero
HardlyZero's picture

They must have hit the mute button as they were giggling on the set.   Silence is the tip...it may be right there in front of our noses.

Fri, 05/02/2014 - 19:24 | 4722322 Yen Cross
Yen Cross's picture

 @ CrashisOptimistic   You're a better man than I!   Why do you torture yourself in such ways?

  CNBS radio? Do you have an "vested" interest? 

  P.S. I love your concise honest comments...

Fri, 05/02/2014 - 19:31 | 4722341 CrashisOptimistic
CrashisOptimistic's picture

I have satellite radio in the car.  Switch between CNBC, Bloomberg and BBC wherever I happen to be driving.

He was on CNBC.

Fri, 05/02/2014 - 19:38 | 4722358 Yen Cross
Yen Cross's picture

     It's a crying shame when you have to use payed or "front run" news subscriptions to drive your(new BMW) car to work every day!

 Wouldn't you agree CrashisOptimistic ?

Sat, 05/03/2014 - 03:24 | 4723159 Haager
Haager's picture

If the numbers itself don't get better you still have the option to change statistics to get the desired outcome. Let's add hot air and weather predictions. 

Fri, 05/02/2014 - 18:42 | 4722180 Truther
Truther's picture

FUCK THE LYING FED..... The sheeple will rise one day.... Hopefullly start jumping over fences too.

Fri, 05/02/2014 - 18:46 | 4722195 Pareto
Pareto's picture

This chart is why QE will go on forever.  And Bonds will continue to rise - yields fall, and so on and so on and so on.  Its the most efficient way of socializing the entire US economy without a peep out of anybody in the process.  And when it is finally realized and a passified public comes to their senses - by then - it will be too late to do anything about it.  Fucking shame really.  Happy Friday.

Fri, 05/02/2014 - 20:14 | 4722454 newdoobie
newdoobie's picture

What? That is old news, why are you still talking about it?

Fri, 05/02/2014 - 18:50 | 4722202 LetThemEatRand
LetThemEatRand's picture

Less than Zero [Hedge]?  Who does Blankfein need Jamie to blow to get another hit of the good QE?

Fri, 05/02/2014 - 21:02 | 4722575 DoChenRollingBearing
DoChenRollingBearing's picture

Uncle Janet?

Fri, 05/02/2014 - 18:55 | 4722219 Relentless101
Relentless101's picture

But I believe!

Fri, 05/02/2014 - 18:58 | 4722233 davidalan1
davidalan1's picture

70% consumer spending = GDP hmmmmmm

life leaves clues

Fri, 05/02/2014 - 19:02 | 4722245 Grouchy Marx
Grouchy Marx's picture

My ex-broker would say buy that dip.

Fri, 05/02/2014 - 19:15 | 4722294 logicalman
logicalman's picture

You are broker after you listen to their advice.

There's a clue in there somewhere!

 

Fri, 05/02/2014 - 19:03 | 4722248 Bernoulli
Bernoulli's picture

Chart wrong way round and error in the y-axis. Turn around your screen clockwise 180° ---> super bullish!

Fri, 05/02/2014 - 19:40 | 4722357 HardlyZero
HardlyZero's picture

Ahh yes...gently and free-falling up during this inception.

http://inception.wikia.com/wiki/Kick

 

Fri, 05/02/2014 - 19:08 | 4722260 LetThemEatRand
LetThemEatRand's picture

Next Fed minutes preview:  "Turn that red frown updside down!  No, seriously.  Turn the chart upside down or we'll blow this shit up.   Jim, here are the minutes.  Start typing."

Fri, 05/02/2014 - 19:38 | 4722360 Citxmech
Citxmech's picture

Tyler vists a Fed board meeting:  http://www.youtube.com/watch?v=3efW4AziWCg

 

Fri, 05/02/2014 - 23:54 | 4722968 ILLILLILLI
ILLILLILLI's picture

Perfect! Well played!

Sat, 05/03/2014 - 05:19 | 4723201 lakecity55
lakecity55's picture

hohoho, that is the best joke I have seen in a while!

all it was missing was 1 of the chimps holding a hand grenade.

Fri, 05/02/2014 - 19:08 | 4722264 reTARD
reTARD's picture

Here in the US we also play hockey upside-down.

Fri, 05/02/2014 - 19:09 | 4722272 Cycle
Cycle's picture

Hide the decline!

Fri, 05/02/2014 - 19:36 | 4722319 HardlyZero
HardlyZero's picture

Where do you hide a Hockey Stick ?  ;-O

Fri, 05/02/2014 - 19:10 | 4722277 Oldwood
Oldwood's picture

Question:  can we have 100% employment while having no real GDP?

Answer:  yes, if everyone works for the government.

Fri, 05/02/2014 - 19:25 | 4722325 davidalan1
davidalan1's picture

nods...

Sat, 05/03/2014 - 07:16 | 4723270 messystateofaffairs
messystateofaffairs's picture

I want the job where you dig and fill in holes for a bowl of rice at the end of the day.

Sat, 05/03/2014 - 08:23 | 4723306 Oldwood
Oldwood's picture

And you shall have it sir!

Fri, 05/02/2014 - 19:14 | 4722289 Nikki Alexis
Nikki Alexis's picture

"Do you believe in miracles?"

YEEESSSSSSSS!

Fri, 05/02/2014 - 19:15 | 4722292 Oldwood
Oldwood's picture

do we have any choice?

Fri, 05/02/2014 - 19:26 | 4722331 Nikki Alexis
Nikki Alexis's picture

So who else got the "hockey stick/Al Michaels 1980 'Do you believe in Miracles'" reference? 

Fri, 05/02/2014 - 19:18 | 4722302 logicalman
logicalman's picture

The biggest miracle I see is that this thing didn't go tits up long ago.

Never believed in 'em, but there it is.

Fri, 05/02/2014 - 19:24 | 4722320 q99x2
q99x2's picture

You don't need miracles. US GDP is defined by what you are told it is.

Fri, 05/02/2014 - 19:45 | 4722348 Yen Cross
Yen Cross's picture

      I'm retracting my comment. I'll leave it to the experts.

 

Fri, 05/02/2014 - 19:49 | 4722388 QQQBall
QQQBall's picture

Put it in perspective

 

Things are getting better, but we still have moar work to do.

 

Signed,

Obomber

Fri, 05/02/2014 - 19:59 | 4722416 B2u
B2u's picture

If only you believe....Jefferson Starship...

 

https://www.youtube.com/watch?v=Cj3W9rt3GTE

Sat, 05/03/2014 - 06:41 | 4723240 Bearwagon
Bearwagon's picture

"Got a revolution ... got to revolution!"  Jefferson AIRPLANE ....
https://www.youtube.com/watch?v=RiFinULU3eA

Fri, 05/02/2014 - 20:23 | 4722470 ebworthen
ebworthen's picture

Ooops.

Will the FED have the guts to keep cutting QE?

Sure, if enough individual investors are "in" and Wall Street is "out".

Ass rape #3 in less than two decades: 2001, 2009, and then...2015?

When will they ever learn?

Rigged casino!

PONZI!

U.S.A.!

(NOT).

Sat, 05/03/2014 - 00:21 | 4723001 bardot63
bardot63's picture

The Fed is not cutting QE.  The Fed is not tapering QE.  The Fed is printing like no tomorrow.  The Fed is lying about tapering.  If you don't believe the other lies, why believe this one.   Evidence is everywhere.  $16T printed and given secretly to Europe in 08 and 09 (google it).  $134B in Treasurys sold to Belgium this year.  No one else will buy them so why Belgium?  What's the trade?  The Fed will never stop printing until there is no Fed to print.  The Fed has no other choice.  It's that or the guillotine.

Sat, 05/03/2014 - 00:43 | 4723025 newworldorder
newworldorder's picture

Please save this and repost as often as possible.

Sat, 05/03/2014 - 06:54 | 4723249 Latitude25
Latitude25's picture

All total Belgium has bought $341 billion in US bonds.

http://blogs.marketwatch.com/thetell/2014/04/15/belgium-is-buying-up-ton...

Sat, 05/03/2014 - 01:37 | 4723079 jmcoombs
jmcoombs's picture

They reduce bond purchases through the front door for all to see and increase bond purchases through the back door for no one to see. It's the only way they can keep rates low. The Fed is the only buyer.

Fri, 05/02/2014 - 20:31 | 4722490 FieldingMellish
FieldingMellish's picture

Weather.

Fri, 05/02/2014 - 20:38 | 4722505 dexter_morgan
dexter_morgan's picture

it ain't over till it's over

Fri, 05/02/2014 - 20:41 | 4722513 buzzsaw99
buzzsaw99's picture

usa public debt > $17T

usa fudged gdp < $14T

#WINNING!!

Fri, 05/02/2014 - 21:04 | 4722577 DoChenRollingBearing
DoChenRollingBearing's picture

Both?

#WINNING!!

Fri, 05/02/2014 - 22:04 | 4722744 naughtius maximus
naughtius maximus's picture

God forbid the media has to admit there might be a recession? What would their daddy Government think?

Fri, 05/02/2014 - 22:23 | 4722799 crash commando
crash commando's picture

Ker Plunk!

Sat, 05/03/2014 - 00:44 | 4723028 NoDecaf
NoDecaf's picture

I don't know what to believe anymore, every other number seems to be faked or a market is rigged. I suppose the BLS could have some flies run around on graph paper with ink on their feet and produce something just as meaningful.

 

 

 

Sat, 05/03/2014 - 02:10 | 4723112 Rock On Roger
Rock On Roger's picture

Mouche a merde

Sat, 05/03/2014 - 00:59 | 4723043 holdbuysell
holdbuysell's picture

Finally, a chart that's not going exponential...well up in any case. /s

Sat, 05/03/2014 - 01:16 | 4723058 jonjon831983
jonjon831983's picture

"North Korea releases list of U.S. ‘human rights abuses’: ‘The U.S. is a living hell’"

http://www.washingtonpost.com/blogs/worldviews/wp/2014/05/02/north-korea...

Sat, 05/03/2014 - 02:42 | 4723136 besnook
besnook's picture

in the formerly real world one might pile money into bonds for a good old fashioned rally. today it means btfath.

Sat, 05/03/2014 - 03:20 | 4723157 Haager
Haager's picture

The buck stops here - Ahh, gone...

Sat, 05/03/2014 - 03:50 | 4723171 katchum
katchum's picture

I still believe in the miracle, because the ISM PMI rose in April which indicates an increase in GDP growth.

Sat, 05/03/2014 - 05:50 | 4723214 Youri Carma
Youri Carma's picture

Hot Chocolate - I believe in miracles ... singsong https://www.youtube.com/watch?v=JIN36NweL6I

Sat, 05/03/2014 - 06:06 | 4723225 justsayin2u
justsayin2u's picture

green shoots

Sat, 05/03/2014 - 06:16 | 4723229 smacker
smacker's picture

If anybody wants to know why the long planned face-off with Russia is happening, one look at this chart explains why.

Sat, 05/03/2014 - 06:57 | 4723255 Latitude25
Latitude25's picture

And even the red curve is a lie.  Based on US energy consumption, which is negative, the US is dropping into a depression.

Sat, 05/03/2014 - 09:05 | 4723353 Jimmy Carter wa...
Jimmy Carter was right's picture

Dropping into......hahahaha good one mate

Sat, 05/03/2014 - 07:09 | 4723266 messystateofaffairs
messystateofaffairs's picture

GDP info is very crude to useless. Having said that Shadowstats has GDP negative since 2001. Makes sense to me based on my own anecdotal observations.

Sat, 05/03/2014 - 08:13 | 4723297 therearetoomany...
therearetoomanyidiots's picture

The government number on GDP is very crude to useless.   That should fix it.

Sat, 05/03/2014 - 08:55 | 4723344 d edwards
d edwards's picture

If you think about it we're in a deflationary DEPRESSION-the only thing that keeps the economy afloat is massive infusions of QE4EVA.

 

Cannot end well.

Sat, 05/03/2014 - 08:14 | 4723299 fattail
fattail's picture

I heard Mark Zandi Moody's chief economist and another macro economist speak this week.  Zandi predicted 2.4% GDP growth, 3.0% housing price growth for the next few years.  His economic predictions were based on the belief there were 11 million consumers with credit reports between 700 and 750 that will benefit from the reduction in credit standards and begin borrowing money for housing he also stated there were 1.15 million households that need to be formed as his ment up demand.  He said if this happened the housing starts would increase from the current 1 million a year to 1.7 million in three years.  The extra 700,000 housing starts would provide another 2 million jobs based on the loose figure of 3 new jobs for every extra house.  The 2 million jobs would be enough to reduce the unemployment rate back to 5.5% or something close to full employment.   

He did not mention the labor force participation, social security/medicare/entitlements, budget deficits,asian slowing economies or chinese bubbles.  He only mentioned the stock market in relation to how awesome it is doing.  He mentioned QE as an aside and that the taper wil eventually lead to normalized interest rates in late 2015 2016.   

The other guy predicted 3.0% GDP growth and housing prices to be 61% (not a typo, 61%, no really 61%)higher in 5 years nation wide.  2.4% this year and 13% the next and then more good times.  Jobs were to add a little over 200,000 monthly.  Again no discussion of anything of relevance.  he did say that once the austerity measures work through they will stop being a drag on the economy.  

I was astounded at how two credentialed macro economists can have such myopic views of the economy, and completely ignore the most relevant topics.  Their views sounded like they came from their 2006 scripts.

Assuming they actually believe their own drivel, and this is not just a conspiracy to poison the well with a bunch of happy talk, I can not imagine how blind they general public is flying when they read headlines and hear these jokers masqurading as experts on tv.

Sat, 05/03/2014 - 09:07 | 4723356 Jimmy Carter wa...
Sat, 05/03/2014 - 11:29 | 4723571 AdvancingTime
AdvancingTime's picture

It sure is to Mark Zandi Moody's chief economist! I'm not nearly as upbeat. Matter of fact I expect things to get down right UGLY.

Sat, 05/03/2014 - 11:36 | 4723590 AdvancingTime
AdvancingTime's picture

Oh to the confident and suave television and news commentators, politicians, and the experts that speak with such authority, I include the pundits and so called specialist, to you I  say, I'm skeptical and dubious. Even when you mask your bias and your agenda is hidden, I must often remind myself that, you don't know that.

It is often not the message you put out, but how you project it. I can see you now, your head a bobbing and your arms moving all around, you state your case  with such brilliance and force that often we are swept away! The following rant is in reference to all the pundits and so called experts, about all the words that spew from their mouths, about the reams of material they write, and the large quantity of often misstated facts they put forth. It seems they never shut up!

http://brucewilds.blogspot.com/2012/03/you-dont-know-that.html

Sat, 05/03/2014 - 11:25 | 4723560 AdvancingTime
AdvancingTime's picture

 Yes it is about charts and computer driven lust!  Damn the reports of ebbing growth and problems across the world, FULL SPEED AHEAD! Leap before you look! Do not wonder if we have become to complacent to the dangers before us as asked in the following article.

 http://brucewilds.blogspot.com/2014/01/have-we-been-lulled-into-complace...

Sat, 05/03/2014 - 11:50 | 4723633 DeFeralCat
DeFeralCat's picture

Maybe i am just slow.. but did we not recalculate how the GDP number is calculate. I thought we now counted all the nonsense stuff America produces: copyrights on Rap songs, brillance of social media, selling are third-rate movies to third world countries. 

If we gamed the number only to came out at .1 percent annual growth, are we not the Schleprocks of the economic community? 

Sat, 05/03/2014 - 12:12 | 4723695 spine001
spine001's picture

The economy imho is smoothly landing into a negative growth region. What this means is that Q2 GDP will rebound due to regression of the mean. At that point everybody in the MSM will say that we are starting the recovery. When in reality they are just observing regression to the mean noise in GDP. The trajectory is set and unavoidable due to:

1. Demographic changes

2. Globalization bringing competitive forces of

A. Labor

B. Health care and social services

C. Lower regulatory costs and environmental costs

3. Lack of resolution of overleveraged companies and governments

4. QEs preventing the resolution of structural problems both political and physical

5. Destruction of market discovery of prices by overt manipulation of the CBs

6. Technological advances that make most unskilled non-service labor irrelevant

 

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