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But... Joe Lavorgna Said...
Wondering why once again everything is crashing? Here is all you need to know:
“We’ve got the proverbial 800-pound gorilla -- the consumer,” said Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities Inc. in New York. “Households are more fixated on the good news here, and a big part of that is the labor market. The U.S. is going to be pretty immune to the rest of the world.”
Confused? See Groundhog Phil vs. Joe LaVorgna Prediction Success Rate
Source: Bloomberg
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I don't see a difference, both are rodents that should be exterminated. Is this another trick post on ZH?
http://i.imgur.com/larzeKQ.jpg
The 800lb gorilla is an EBT shopper at Walmart.
Who is Joe LaFock and who cares what he says anyway ?
Look at the head on that potato.
He's not Jewish? Is he?
Bill de Blasio killed Phil, rumor has it Phil was anti FED...
http://www.washingtonpost.com/news/post-nation/wp/2014/09/25/report-staten-islands-famous-groundhog-died-after-bill-de-blasio-dropped-it/
51%...... Winning!!!
What do you have against groundhogs? Not all rodents are bad. Only the ones that are vectors for pestilences are. LaVorgna is a vector for an all new kind of contagion.
How the fuck this cunt is an 'economist' at a bulge bracket blows my mind. He is a fraud.
He is a fraud
Which proves he is an economist.
I thought it's vice versa
lulz
The criteria has changed over the years.
Every economist is a fraud but not every fraud is an economist.
He and his ivy leage pals missed the economy. That's why they call themselves econo-missed. Funny, eh?
What is he 12 years old?
actually a 12 year old could do better...
Two people should slap his fivehead at the same time.
pods
Now we know who the 'brains' behind the operation at Deutsche bank is
Even the groundhog looks smarter than that douche on the right
Quite distinguished looking, actually.
he's got an italian last name but a jew fro'. Must be a mix of stupid and evil.
The time of the fags is passing.
And he'd be right about them focused on good news and ignoring the rest of the world...outside the newspaper selling headline word of Ebola, what average American could tell you anything that is really going on anywhere...have you seen the nightly news lately!!
They took that from the Fed.
[quote]
...And the Fed sticks to their plan to end QE 3 in October, an infamously volatile month for stocks. Why didn't they just choose October 29 for the official end date, and call it the Black Wednesday Stock Declines Initiative?
[/quote] -- from Jesse's Cafe Americain
Yes, the Farce is indeed with us!
oh, good news in the labor market?
No matter, BTFD...
Dude with the substantial forehead is obviously high
High and dry...
Joe is right. America definitely has plenty of 800 pound consumers courtesy of food stamps.
Too fat to shop is the problem with the economy.
So why isn't Joe Lavorgna wearing his "dirty Sanchez" from last night courtesy of Jack Lew and Stan Fischer?...
If everyone suddenly ate good food and only enough would the us be in a recession
is he human?
One of these animals must have a big brain.
Where are the circuit breakers....circuit breakers!!!!!
Never mind, hockey stick recovery in the cards today...BTFD!!!!
I wonder how much money that little punk is getting paid.
He's no different to 99% of the other 'independent' advisors/commentators. They're just shills....whores... acting under direct instructions.
magician's assistant
#2 Jackarse Arsewhole, behind Joe-Blowhard Kernen
Exactly whatt households is he referring to?
they have a section on the cfa exam: how many lies can you tell with a straight face. Joe aced this part. in fact, he is a legand.
Lavorgna is still in the ring with Random Chance. He's punching above his weight with a groundhog.
My stopped clock is right more often than Joe La Vagina.
Joe LaVorgna...living proof that there is little correlation between intelligence and the distance between a person's eyebrows and hairline.
Yeah, it seems the only thing "pretty immune to the rest of the world" is Joe's coiffure.
Could he? no! but could he be Bernankies adopted retarted son?
Why does he have my first name? It's embarassing!
Probably "Guisseppe" La Vorgna (Joe is easier to spell!)
It's always good news for the consumer when-
You hear how great government employment statistics are even though you can't find a job.
You hear how low inflation is but your grocery bill is now 20% higher than a year ago.
You hear how car makers are selling at a record pace but everyone on your block is driving 7 year old clunkers.
You hear how great the stock market is doing but you don't own any stock.
You hear how great the banks are doing while you add the $1.63 you got in interest last month.
Joe's parents, on vacation from Talos IV
[IMG]http://i60.tinypic.com/sn1452.jpg[/IMG]
He's CNBC's Larry "King Dollar" Kudlow's buddy and appears as a talking head on numerous financial programs. I don't know if he's Jewish but he's consistant in his talking points. And just judging him from who he hangs with (appears on their programming) should tell you he's pretty...lame-stream. Who signs his paycheck is just as revealing.
Ever wonder how a mob organically forms into a system?
WTF? He really said that?
Joe is describing the consumer who still has a job, and all those that are on Government wealthfare. He knows the Government cheese will never be cut.