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You Asked For It, And Here It Is: The First GDP Downgrade Due To The Polar Vortex 2.0

Tyler Durden's picture




 

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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Thu, 11/20/2014 - 10:42 | 5469493 idea_hamster
idea_hamster's picture

Polar Moartex

Thu, 11/20/2014 - 10:45 | 5469506 ParkAveFlasher
ParkAveFlasher's picture

Time to crank up the hedonics and overweigh the impact of wooly pom-pom caps and hot cocoa packets.

Thu, 11/20/2014 - 10:51 | 5469536 TeamDepends
TeamDepends's picture

AlGore!!!!!!!!!!!!!!!!!!! (shakes fist at cosmos)

Thu, 11/20/2014 - 11:01 | 5469588 Headbanger
Headbanger's picture

Natalie Merchant is really an ECONOMIST!!?

http://www.youtube.com/watch?v=gm0ZWbMhWrE

Thu, 11/20/2014 - 11:21 | 5469681 Killtruck
Killtruck's picture

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!

Thu, 11/20/2014 - 11:48 | 5469814 gladih8r
gladih8r's picture

QE - 2015   here we come.......

All because of global "warming" this time.

Thu, 11/20/2014 - 12:20 | 5469914 Shaznardickleze...
Shaznardickleze the Doon's picture

When the Gubmint blames weather for a bad economy, you know theres not much left of an economy.

Thu, 11/20/2014 - 10:44 | 5469505 Sudden Debt
Sudden Debt's picture

SO HELL DID FREEZE OVER??

Thu, 11/20/2014 - 10:54 | 5469553 101 years and c...
101 years and counting's picture

DC was barely impacted by this vortex.  so no, hell is still burning.

Thu, 11/20/2014 - 17:42 | 5471184 Pitchman
Pitchman's picture

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

 

Thu, 11/20/2014 - 10:45 | 5469508 Miss Expectations
Miss Expectations's picture

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.

Thu, 11/20/2014 - 10:49 | 5469527 ParkAveFlasher
ParkAveFlasher's picture

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

Thu, 11/20/2014 - 10:59 | 5469577 TeamDepends
TeamDepends's picture

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?

Thu, 11/20/2014 - 10:59 | 5469578 Osmium
Osmium's picture

Judging by the last few snow shovels I bought, I think they already do.

Thu, 11/20/2014 - 13:31 | 5470205 KnuckleDragger-X
KnuckleDragger-X's picture

Much better if your shovel is on the front end of a tractor....

Thu, 11/20/2014 - 11:10 | 5469627 Sudden Debt
Sudden Debt's picture

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 :)

Thu, 11/20/2014 - 11:23 | 5469699 GetZeeGold
GetZeeGold's picture

 

 

 

Go to the Superdome......you'll find sanctuary there.

Thu, 11/20/2014 - 13:32 | 5470212 KnuckleDragger-X
KnuckleDragger-X's picture

Being prepared is for the weak, the magic fed fairies will provide....

Thu, 11/20/2014 - 10:49 | 5469519 Dr. Engali
Dr. Engali's picture

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.

Thu, 11/20/2014 - 10:48 | 5469521 Cangaroo.TNT
Cangaroo.TNT's picture

This is killing my snow vending machine business.

Thu, 11/20/2014 - 14:08 | 5470373 Incubus
Incubus's picture

here's a business idea for free:

 

Sell the snow-water as ultra-pure SNO water

Purified by mother nature herself. 

Thu, 11/20/2014 - 19:17 | 5471532 Pitchman
Pitchman's picture

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

 

Thu, 11/20/2014 - 10:50 | 5469523 firstdivision
firstdivision's picture

"Has the whole world gone crazy? Am I the only one around here who gives a shit about the rules? Mark it zero!"

Thu, 11/20/2014 - 11:45 | 5469798 EINSILVERGUY
EINSILVERGUY's picture

This isn't Nam. There are rules

Thu, 11/20/2014 - 10:51 | 5469526 NoDebt
NoDebt's picture

<---  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.

Thu, 11/20/2014 - 10:53 | 5469550 Dr. Engali
Dr. Engali's picture

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,

Thu, 11/20/2014 - 11:12 | 5469625 TeamDepends
TeamDepends's picture

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......

Thu, 11/20/2014 - 10:49 | 5469534 limacon
limacon's picture

 

 

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...

Thu, 11/20/2014 - 10:52 | 5469541 replaceme
replaceme's picture

When you're a hammer that hates polar vortexes, everything looks like a polar vortex nail. 

Thu, 11/20/2014 - 10:54 | 5469554 Ness.
Ness.'s picture

Downgrade GDP.  Buy SPY and USDJPY.  Check.  We've almost reversed all equity losses.  #winning.  

 

FUCK THIS PLACE.  STOP THE PLANET - I WANT OFF!!!

Thu, 11/20/2014 - 10:56 | 5469559 john_connor
john_connor's picture

Uhh, people can just buy stuff online from the couch.

Thu, 11/20/2014 - 11:13 | 5469642 Sudden Debt
Sudden Debt's picture

and Amazon delivers by drone!

BUT WHERE'S McDONALDS IN ALL OF THIS I SAY???

PEOPLE NEED TO EAT!

 

Thu, 11/20/2014 - 11:15 | 5469657 TeamDepends
TeamDepends's picture

We truly do live in the (paper) Golden Age, but people can't see the faux forrest from the teevee....

Thu, 11/20/2014 - 11:00 | 5469584 Thanatos
Thanatos's picture

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.

 

Thu, 11/20/2014 - 11:04 | 5469593 SpanishInquisition
SpanishInquisition's picture

I need an Al Goretex jacket to protect me from all this global warming

Thu, 11/20/2014 - 11:08 | 5469605 alexcojones
alexcojones's picture

Somewhere a polar bear is smiling.

Thu, 11/20/2014 - 12:27 | 5469936 A Nanny Moose
A Nanny Moose's picture

...or eating seals. Oh the humanity!!!

Thu, 11/20/2014 - 11:09 | 5469615 yogibear
yogibear's picture

The liberals will twist the vortex to produce more grant money for their global warming cause.

Thu, 11/20/2014 - 11:14 | 5469653 Atomizer
Atomizer's picture

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.

Thu, 11/20/2014 - 11:17 | 5469665 Hohum
Hohum's picture

How can this be?

http://cci-reanalyzer.org/DailySummary/

Isn't the USA the whole world?

Thu, 11/20/2014 - 13:05 | 5470088 Incubus
Incubus's picture

stop with your facts here, asshat. 

 

this is a financial blog.

 

Go to geo hedge with your damned science.

Thu, 11/20/2014 - 11:24 | 5469711 TabakLover
TabakLover's picture

Buffalo.......we will soon learn is the epicenter of the entire US economy;  whodda thunk it?

Thu, 11/20/2014 - 11:41 | 5469778 Puncher75
Puncher75's picture

This Global Warming is brutal.....just brutal I say!!!!

Thu, 11/20/2014 - 11:48 | 5469817 Incubus
Incubus's picture

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!

 

Thu, 11/20/2014 - 12:11 | 5469897 roadhazard
roadhazard's picture

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. 

Thu, 11/20/2014 - 12:24 | 5469925 cooky puss
cooky puss's picture

Seasonally adjusted (again), bitchez!!

Thu, 11/20/2014 - 12:59 | 5470068 22winmag
22winmag's picture

Just add some hookers, cocaine, and recycled welfare dollars to the already suspect figure.

 

That'll fix everything.

Thu, 11/20/2014 - 15:22 | 5470637 Freedumb
Freedumb's picture

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.

Thu, 11/20/2014 - 16:57 | 5471011 KittyStix
KittyStix's picture

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.

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