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You Asked For It, And Here It Is: The First GDP Downgrade Due To The Polar Vortex 2.0
And here come the excuses:
BMO Capital Markets economist Sal Guatieri notes that the BMO Economics team has lowered its U.S. fourth quarter gross domestic product (GDP) growth estimate to 2.5% from 2.8% due to weaker housing starts and a view that November’s activity could get chilled by polar vortex 2. While October was relatively warm, November has been anything but. However, he does not expect the sort of massive hit that GDP suffered in the first quarter of 2014 due to cold weather.
Because remember: the only thing more unprecedented for the US economy than heavy snowfall in one winter, is, gasp, heavy snowfall two years in a row! Of course, there is Art Cashin who apparently was not a Keynesian-indoctrinated voodoobot apologist, when he said "The weather is always with us." Banish the thought.
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Polar Moartex
Time to crank up the hedonics and overweigh the impact of wooly pom-pom caps and hot cocoa packets.
AlGore!!!!!!!!!!!!!!!!!!! (shakes fist at cosmos)
Natalie Merchant is really an ECONOMIST!!?
http://www.youtube.com/watch?v=gm0ZWbMhWrE
But I thought I got to keep my existing GDP?!
This has been a hell of a week for Al Gore. First Kim Kardashian tries to break the internet with her greasy equine ass, and now this inconvenient polar vortex business. Fire up the 23rd fireplace, servants!
QE - 2015 here we come.......
All because of global "warming" this time.
When the Gubmint blames weather for a bad economy, you know theres not much left of an economy.
SO HELL DID FREEZE OVER??
DC was barely impacted by this vortex. so no, hell is still burning.
It's Hell on earth and never a word from Zero Hedge regarding the literal Killing Raytheon and Northrup Grumman are making with their Geoengineering and Solar Radiation Management programs.
In Raytheons case why rely on having to predict the weater (they supply weather forcasting and modeling for NOAA and NASA) when you can manufacture it.
Do not let this be such an affront to your ego that you do not do your own research.
Check out "Owning the weather by 2025". Check out "geoengineering patents", who owns them, , the chemicals used, and methods of application. Check out the explosion of Aluminum, Barium and Strontium levels found in rainwater and soil. And then look up.
And wake up.
It is well documented; global geoengineering/weather modification programs are completely disrupting the planets natural weather patterns from top to bottom. The entire climate system is so totally out of balance at this point that it is swinging radically from one extreme to another. These massive fluctuations are being “forced” by the global climate/weather modification programs known as “solar radiation management” (SRM) and “stratospheric aerosol geoengineering” (SAG).
These opperations never make it into the flase global warming debate and the fact you have never read a word about it here on ZH, a supposed alternative media outlet, says alot about their actual indpendence. - Inflection Point
Seems to me you need to buy lots more stuff when it's cold vs when it's hot. Need some same store sales data from WalMart Buffalo.
All we have to do is manufacture snow shovels that only last one season, and feel that bump in prosperity every time it snows. Planned obsolescence, ftmfw
Walmart corporate buyer to Chinese manufacturer: Hello, Xin? Yeah, hey how ya doin'? Great! How's that one child? Wonderful. Listen, we need you to make those shovels 20% flimsier, capisce?
Judging by the last few snow shovels I bought, I think they already do.
Much better if your shovel is on the front end of a tractor....
Let's see how many prepared and stocked up :)
cue starving and freezing people in... 3..2...
WHERE'S THE GOVERNMENT??!!
WHERE'S OBAMA??!!!
BOEHOEHOEHOHAAHAHAHAHAHAHA
I wonder when New York will run out of fuel again :)
Go to the Superdome......you'll find sanctuary there.
Being prepared is for the weak, the magic fed fairies will provide....
Save us Al Snore..... It's snowing in winter time.... Oh the humanity! maybe we should bring some carbon producing factories back to warm this place up.
This is killing my snow vending machine business.
here's a business idea for free:
Sell the snow-water as ultra-pure SNO water
Purified by mother nature herself.
Sure, for a docile, confused and better controled public you can get it from Mt. Shasta snow water run off; It's Aluminum inhanced, yum.
http://sonomanewstoday.blogspot.com/2009/03/chemtrails-polluting-shasta-...
http://www.geoengineeringwatch.org/citizen-concern-lingers-over-aluminum...
Do not believe a word you read or hear. Do your own research, draw your own conclusions and be the change. - Inflection Point
"Has the whole world gone crazy? Am I the only one around here who gives a shit about the rules? Mark it zero!"
This isn't Nam. There are rules
<--- Take a shit
<--- Wind my watch
I'm so damned jaded at this point, I don't even know what to think about stuff like this any more. Cold weather downgrages an entire country's GDP? Snore. Goldman Sachs has an inside guy at the NY Fed? Of course they do.
Somebody better amp this circus up to 11. I'm getting damned bored. And when I get bored I start doing mischievous things.
What if I aready took a shit and wound my watch? I know, I'll watch my shit wind it's way down the toilet bowl...... much like this country,
We too have Grubered this morning. Now, little to do but ponder the infinite.........ability of the Fed to print 1s and 0s.........in their mind.......whoa, dude, that's deep.......shut up, ya mow-ron......
You are about 3 times richer than you think .
It was predicted to the day , and you face many more in future .
See
http://andreswhy.blogspot.com/2014/11/slingshot-atmospheric-rivers.html
You can do something about it . If you can untangle the lies .
See
https://www.academia.edu/9405720/The_Economics_of_Disrespect_Update_I
or
http://andreswhy.blogspot.com/2014/11/the-economics-of-disrespect-update...
When you're a hammer that hates polar vortexes, everything looks like a polar vortex nail.
Downgrade GDP. Buy SPY and USDJPY. Check. We've almost reversed all equity losses. #winning.
FUCK THIS PLACE. STOP THE PLANET - I WANT OFF!!!
Uhh, people can just buy stuff online from the couch.
and Amazon delivers by drone!
BUT WHERE'S McDONALDS IN ALL OF THIS I SAY???
PEOPLE NEED TO EAT!
We truly do live in the (paper) Golden Age, but people can't see the faux forrest from the teevee....
The weather is probibly more controllable than the population...
The public has to be wound up for too long and can fizzle out, its not as good at providing the necessary "excuse" for the situation at hand (likely economy).
We have seen them try the race riot ala Zimmerman, ala ferguson, ala knockout game, etc.
Then ISIS.
Then it was the Ebola.
Now we have Vortex.
Take Away:
There are now NUMEROUS single events occurring that can provide a viable smokescreen for the declaration of emergency law at the onset of an economic collapse. Remeber "Shifty" Paulson testifying to a brick-shitting congress about martial law? Tanks in the streets?
If the reason for the emercency law is not a prosecutable entity and not the economic collapse... We been had... Again.
They will use these sideshow events to sneak through the rest of their agenda... Just wait and watch. Its all you can do.
I need an Al Goretex jacket to protect me from all this global warming
Somewhere a polar bear is smiling.
...or eating seals. Oh the humanity!!!
The liberals will twist the vortex to produce more grant money for their global warming cause.
Let me get this straight, a consumer can buy products off the internet, delivery may be lagged on weather conditions. A booked sale is an admission of activity. Keep blaming the weather and not the fact that the market is dying by a trillion paper cuts.
How can this be?
http://cci-reanalyzer.org/DailySummary/
Isn't the USA the whole world?
stop with your facts here, asshat.
this is a financial blog.
Go to geo hedge with your damned science.
Buffalo.......we will soon learn is the epicenter of the entire US economy; whodda thunk it?
This Global Warming is brutal.....just brutal I say!!!!
JACK FROST, SANTA CLAUSE, ELVES, POLAR BEARS, SEALS, WALRUS, PENGUINS = ECONOMIC TERRORISTS
Military is in en route to stop these fuckers; it's our god-given right to consume, you fuckers!
I like to open the door on my mama bear wood stove and look at the flaming coals. Then I like to go outside and look at my stacks of split firewood that will make the rest of the winter warm & fuzzy. On my mountain any Vortex only grazes my property as it goes by heading North and East.
Seasonally adjusted (again), bitchez!!
Just add some hookers, cocaine, and recycled welfare dollars to the already suspect figure.
That'll fix everything.
If you guys want to front run the market, I've got a hot tip that this thing called "winter" is going to drop like a bomb in about a month, I'm not sure if this is insider information but keep real tight lipped about this.
OK boys and girls grab them tin foil hats cause here it comes
Wait for it...
Somewhere in the outbacks of Alaska the fired up HARP and turned a powerful vortex. This pushed the cold air down to the lower states. This forced, man-made icecapade is just the right excuse for the covering of the new "bad" numbers they need to correct.
Problem solved.