This page has been archived and commenting is disabled.
Because, as financial media keeps propagandizing, it's all about the fundamentals...
Charts: Bloomberg
- advertisements -
Contact Information:
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Suggested Reading:
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
It would be very wise of you to study our disclaimer, our privacy policy and our (non)policy on conflicts / full disclosure. Here's our Cookie Policy.
What do all these squiggles mean?
They simply mean get longer.
< Surreal.
< Sure real.
51 Years today
https://www.youtube.com/watch?v=SYOGQQFWHys
John Barbour & Jim Marrs on the JFK Assassination
Published on Nov 22, 2014
Reminds me of this one goalie who got a bloody face from saving penalty kicks in the face - that's the markets, bloody surreal:
https://www.youtube.com/watch?v=lw2m-iU8gKE
Reality is dangerous so must never be mentioned.......
Its been a very long time since over-promise and under-deliver became the buy of century.
THe MSCI index is 57% weighted to US stocks so of course it's going up relative to world GDP. Why ZH finds this so confounding I do no know.
ZH should also know that stock markets can rise despite the real economy stagnating.
http://www.msci.com/resources/factsheets/index_fact_sheet/msci-world-ind...
Buybacks!
Buybacks are fundamentals too.
Fortune said a plum can say a lot. Especially when it smacks.
The down squiggles are when the Wizard of QE had to take a bathroom break, and the up squiggles are when he got back.
means go with the flow.. until the flow stops.. reverse
http://hedgeaccordingly.com/2014/11/has-qe-ended-the-era-of-using-the-10...
"In time, Strangefolk found their way into the higher reaches of the mountain,
and it was there that they found the caves of unimaginable Sincerity and Beauty.
By chance, they stumbled upon the Place Where All Good Souls Come to Rest.
The Strangefolk, they coveted the jewels in these caves above all things,
and soon they began to mine the mountain, its rich seam fueling the chaos of their own world.
Meanwhile, down in the town, the Happyfolk slept restlessly,
their dreams invaded by shadowy figures digging away at their souls.
Every day, people would wake and stare at the mountain.
Why was it bringing darkness into their lives?
And as the Strangefolk mined deeper and deeper into the mountain,
holes began to appear, bringing with them a cold and bitter wind that chilled the very soul of the monkey.
For the first time, the Happyfolk felt fearful for they knew that soon the Monkey would stir from its deep sleep.
And then came a sound. Distant first, it grew into castrophany so immense it could be heard far away in space.
There were no screams. There was no time.
The mountain called Monkey had spoken.
There was only fire.
And then, nothing."
Gorillaz part spoken by Dennis Hopper
YeeeeeeeeeHaaaaaaaa we're all about to die.
Speak for yourself, I got a bunker and three years of canned chicken I need to finish before the use-by date.
Diversify: Duck Confit
i hear canned potato is nice
With that much canned chicken you'll be shitting eggs before you know it.
Hopefully Golden...
Ignore the use by date. As long as the cans aren't compromised It'll be edible looong past that.
And Spam. Spam and terrorists don't mix. It's hard to get anything at my house that hasn't got very much Spam in it. :-)
https://www.youtube.com/watch?feature=player_detailpage&v=snTaSJk0n_Y
Is that a shoulder on the right?
Yes, but it ate the head.
No, sir. Pricing is absolutely not an issue here...
means MOAR
Yes, the solution is clear.
>Bullish
>Bull-Shit
All time high leveraged all time high debt all time low growth.
Should work out fine.........for somebody.
'
'
'Might be missing something but wouldn't a graph line showing the actual World GDP be nice…
•?•
V-V
Anyone that's traded the markets for any significant number of years sees the "writing on the wall"...
~ Anyone that hasn't traded OPM
"I always tell truth...Even when I lie". Tony Montana> circa 1984
" When things get serious you have to know how to lie". - Jean-Claude Juncker> circa 2011
May 2011, he told a meeting of the federalist European Movement that he often “had to lie” and that eurozone monetary policy should be discussed in “secret, dark debates”
Jean-Claude Juncker profile: 'When it becomes serious, you have to lie' - Telegraph
"i can never tell a lie" george washington 1776 barack o'bama 2008,9,10,11,12,13,14
Personally, I pefer the Goldman Sachs 'Swirlogram' to this richter scale non-sense. Plus, I just feel like I can put faith in Goldman's numbers.
(sarc)
Great value in brefity !
I think credit spreads are starting to tell the story.
Knowing we're in the holiday season, and the tax implications for Corps. not making purchases before 12-31, this "pigs purse" will get spun into an "evening gown" for Cinderella.
Faux/News had their resident Brownie talking about mortgage approvals and first time home buyers.
When you lift the hood, as you would do when purchasing any used car, the first thing(s) you check are the "dip stick & air filter". We're gasping for breath and the economc crank is full of metal filings.
Then, if you adjust those curves for real price inflation...
Q to the motherfuckin E !
https://www.youtube.com/watch?v=un3NkWnHl9Q
"If you repeat a lie often enough, it becomes the truth." Joseph to the motherfuckn Goebbelz
Add in the push of wealth to the top .001 %?
Sending out neeto nailgun merry christmas cards.
The convergence of the '13 &'14 global GDP estimates, are based on the QE-POMO from '13 being pumped into the system?
Let's call a spade a spade.
Without the POMO those lines would have crossed months before, and probably be "divergent".
Just like how Equity pe/ratios spike during selloffs.
Eat, drink, and be merry for tomorrow we may diet.
Central command.
Market is suspended until further order
EKM , we go back 2-3 years. I deeply appreciate your input.
There's no Pentagon Conspiracy/ I wish there was.
The Executive branch has been retiring Senior officers for 4-5 years just to avoid that situation.
The pentagon is controlled by the purse~strings of private lobbying groups.
I wish you were right, but unfortunately, you're not. The United Banana Republic, isn't post communist blok USSR.
I am not sure what conspiracy you are talking about.
This is main stream media news now
The "retirees" are back in favor with congress and spitting at obama right now
There's NO pentagon conspiracy EKM. You might as well" re.Name the N.Y.Fed {Pentagon Central}
EKM it makes NO sense for the military to control the Executive (AKA) financial body of government.
YC
Military controlled the Fed and the whole government since early 60s until soviet union collapsed in late 80s.
Then they gave up and have regretted it. They want it back and they will get it
EKM, you motivate me to study history. Instead of cleaning "air conditioning" ducts, you should be a history professor.
Non the less, We don't live in Egypt EKM?
Thanks for taking the time, and sharing some thoughts with me, EKM.
get outta here.
they never gave up anything.
first gulf war 1990
Kosovo war 1998
withdrawl from anti-balistic missle treaty 2002
second gulf war 2003
recruiting of ussr satellites into NATO 2004
Syrian rebellion 2011
silly you 2014
:-)
I meant full control of Federal Reserve. They "entrusted" it to Bank Lobby.
ekm1
I think you're confused.
Before the ussr collapsed in the late 80's, Alan Greenspan was appointed Chairman of the Fed in the early, late 80's (1987).
Did they lose control of anything when Greenspan became Chairman?
Where was their regret?
What would they have done that Greenspan would not willingly have done for them?
Greenspan did as told, crashed the market and extinguished dollars, hence maintaining dollar shortage world wide.
Regret was to allow bank lobby to control the system as opposed to just managing it, hence quantitative easing.
My bad, ekm, I assumed you were familiar with my tin foil hat theory that the military, who have run the show since Dallas 1963, when they saw that Hubbert's Peak oil theory worked in 1972, decided that they had had enough of American Democracy and American Capitalism, and that it was time for American Military Rule. Conserving the oil in the ground was their beholden duty for future American armies.
This involved a two pronged attack. First, invade and overrun countries with large proven reserves, put American and allied producers in charge of the fields.
Then strangle the demand of the world's supply. A world wide bottom up depression ought to do the trick. Have Fannie Mae start making many more sub-prime mortgages. If were a bad idea, surely Greenspan would object. Ditto the repeal of Glass-Steagall. Soon the appearance of MBSs and CDOs, subprime bubble, Second Iraq, Lehman and Bear, TARP and QE.
Blah blah. Culminating in Kiev, where an elected president was thrown out in a coup and when a part of Ukraine opposed the illegal move and began a counter revolution, the full force of America and her allies gathered armies and equipment at the border of Russia, America's long standing foe and obstacle to the American Dream of world domination.
So you think NSA is not part & parcel of the MIC?
They've got the goods on everyone.
My guess is they're answering to someone higher in the pyramid.
Yeah. They're called MIC lobbyists now.
Comparing world GDP to world stocks in a 4 year window is near meaningless.
Nothing surreal. Wealth/income inequality. The way life is.
The public, as usual, believe they are in an American dream. In a dream for sure.
What does this mean? divide the total capitalization of the stock market by gross national product. According to the World Federation of Exchanges, at the end of April total market capitalization of the world's equity markets was $62.5 trillion. With world GNP estimated at $74.3 trillion, the ratio is about 90%. This article shows that the trend is in the direction of a huge bubble. Zerohedge's question in this article is how much head room do we have?
The greater danger, however, is the threat of permanent gold backwardation. It is more than 17 months since central banks had to stop gold leasing because of the risk that gold would not be returned. We are on red alert there.
The Japanese stock market peaked in 1989 at a p/e of 79. The S&P 500 is only at 28 or so. To the moon, Alice!
I guess this indicates what a wonderful theoretical success Equilibrium Economics, and the central planning model of Economics, has become over time? If one measures success by the yardstick of the stock market inflated values of stock we are indeed a very lucky bunch of serfs whether we admit it or not. Be greatful that Alan Greenspan had no concept of basic mathematics or empirical logic because ignorance has always been, and will always be, bliss.
NOTE: Housing prices never go down and the stock market always
goes up too. This stuff is pure genius on the part of the financial alchemists. Hot dogs eventually get sold as sirloin steak when the logic of Economics is used IMO.