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All consumption... no production...
Dow Jones Industrials points...
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Consume or die bitches
Yea, this is sustainable...... /s
Keep stacking.
https://www.youtube.com/watch?v=IGYaFMFU63U
That's called living off the seed corn.
They died of consumption...
Fuck Yeah!!!!
...we are America; we are the indispensable nation. We stand tall and we see further than other countries into the future....
- Marie Korbelova
Indispensable USA Policymaker/Mouthpiece
Consume AND die bitches
Bullish and sustainable!
love the way CNBS say the dow would have been up another 80 points if it wasn't for Chevron and Exxon, not that they ramped all the other shitt up in the first place to counter balance it ! LOL
i love how the MoneyChangers waited to take down the phony paper prices of Gold and Silver over thanksgiving day when only london was trading and then again today right before the Swiss referendum on sunday...
totally anticipated...
thats why i waited to add to the stack today...
DEATH TO THE MONEYCHANGERS.
Wait till those bubblevision idiots figure out putting the third largest oil producer in the world (that's us) out of business is
recessionary.
yep ... and subprime auto lending going bust ... FDIC Q3 report had non current loan balances on auto loans +10.8% ... but OCC has warned that much of problem is occurring OUTSIDE of regulated banking sector (shadow banking).
layoffs in auto & energy coming down the pipe
Yeah, well, "consumption" also means Tuberculosis.
*cough*
And Cancer
And total destruction by fire.
.... and I " produced " one hell of a big poop this morning.
Just another aspect of consumerism.
Waste Management, Inc (WM) has a real nice chart over the last 5 years.
Monpoly contracts on garbage collection. What a wonderful metaphor for the United Soviet States of Amerika?
Was not the long ago when they tossed Nike and Visa into the Dow. Smart move if lipsticking Ms, Piggy is the game.
All aboard!
Credit and chinese goods. Bullish.
Walmart up 18% in 30 days
Q3 report a joke
FINALLY had positive comparable sales (+0.5%) for quarter ... BUT quarter for 2013 ended october 25th ... whereas quarter for 2014 ended october 31st ... well, duh everyone buys candy for halloween week of ... and to top it off halloween on a friday ... which should have turbocharged it with increased parties.
having said that walmart guidance for Q4 comparable sales to be between 0% and 1%
Same with the trainwreck for McDonald's and P&G but their stocks keep going up
Betcha retail is gonna report superb Afro-American-Friday sales numbers (but the amount of profits, well...)
Interesting. Maybe the shut down of America means the NWO is saving it so that it can be brought back to life after all the fat fuckers and stupid people are removed.
You did consume that......
I disagree
ExxonMobil and Chevron are consumption too, and Nike is production, albeit foreign production.
Well...shoes don't count mister. You need to clue into the new world order. "You're poor and we're not!"
Now ignore all that debt.
Not with an EBT card, every kid in the family gets $100 Nikes.
So not only are the produced outside the US they're purchased by people who don't work.
We're talking about the USA. Exxon and Chvron are production because their refineries are here. They produce petroleum products. Of course those products will be consumed. Nike and Walmart products are produced outside the country and consumed here.
Why? Because we are the reserve currency of the world. The moment we are not, we won't be able to print up some fiat for other peoples stuff. That day is coming. Until then....PRINT!
And in the mean time, PM's are getting hammered, again...
All shell, no nut.
"OBEY" "CONSUME" "STAY ASLEEP"
And fight for the plutocrats when asked
WTI (at the moment) < $68
I'm not really seeing the problem. Walmart is the largest retailer, Home Depot is the largest chain of stores for building supplies, Visa is one of the largest creditors in the US. I'm not too sure what Nike does. I just know they make shoes.
my prediction
todays (along with last night) sales will be good ... followed by ghost town sat/sun
seen some "desparation" pricing ... might help sales ... but at expense of margins?
no way do i think we'll hit NRF's forecast of +4.1% for entire holiday retail season
Ladies and Gentlemen, introducing... Black Friday II
If you keep consuming with out producing, you don't see a problem? None of that stuff is made inside the US, but purchased and consumed insude the US. As for Visa, they're just another parasite taking 3% of every transaction.
Consume the seed corn before the banksters and governmnet steal it all.
An American, not US subject.
"Thou shalt not live on consumption alone", John 3:14 or somewhere, I forget. But spending the country's wealth is what is going on. Obviously we are too too wealthy and can get so much on the cheap, we have to buy, buy, buy. For how long is the question? Maybe we have to look at the UK as an answer/example. With oil cheapening they are on the way to bankrupcy
Coasting and out of gas isn't going to cut it, not in UK, not anywhere.
WTI down over 8%
wheeeeeeeeeeeee!
What do you cats think about silver - Mint Sealed boxes are $8,970 delivered right now.
I'm contemplating a move on 1 box.
humans at their best
WE have living consumer zombies walking around not humans anymore
Gold, oil, miners and refiners are on sale again for the liquid and astute.
Alibaba Massive Fraud
Unrelated, but I believe highly important none the less. We have some smart people on ZH and curious if anyone else has heard or read about this. I am hoping someone that has the time and resources can look in to this and do some homework.
I was listening to The John Batchelor Show one night about a week or so again. He is on the radio and can be found online. Incredibly well versed on many international topics and world history. I highly recommend you tune in to him when you have a chance.
In any event, he had three guests (from China) on and the discussion was surrounding a massive fraud at Alibaba. The story goes something like this. Alibaba is a marketplace and they collect a fee on each purchase from merchandisers that operate via their website. Alibaba understands net profits and margins are of little concern to Wall Street, but growth in revenues and now we are talking. Many multiples for "growth" in a global economy that is barely creeping along. So, Alibaba hires a network of thousands to simply buy and return products all day. If Alibaba held inventory this fraud would be somewhat more difficult to pull off, but with thousands of businesses connected to Alibaba it is very easy to hide the costs of labor and returns in underlying (most likely very closely held) companies. Afterall, billions of $'s in stock price appreciation will pay a lot of people to sit on a computer all day and buy and return stuff on their website.
This is massive securities fraud and according to the guests, the scheme is "well known" in China. Besides the financial statement fraud, one would have to wonder what type of due diligence was done by the investment bankers that brought Alibaba to market?
I don't know about you, but I think this could be a watershed Enron-like, Madoff-like story.
Big Oil can manipulate their profit/loss by simply changing their investment/upgrade to their plants. Get a grip people. This is not a trend. You really think Facebook is worth more than Exxon?
No kidding? There is nothing else! Let’s look at the Keynesian ‘New Normal’. People see their stock portfolios soaring and buy a BMW, or a vacation home, or more toys. Companies buy back shares using cheap Fed $. Most big companies borrow cheap $ from the banks then loan their customers the money to buy their products, i.e. GM, CAT, IBM,GE, etc. They then book the sales and the profits, even though the loan(s) may never be paid back. When it finally falls apart, bailouts must be done, e.g. GE Capital., GMAC, etc, etc.
Yes, it is all a Ponzi scheme, but there is nothing else. Consumers must be allowed access to cheap credit and must be encouraged to buy everything, even what they don’t need and can’t afford. Rampant materialism must be encouraged. ‘Black Friday!’ An entire nation of consumers? Really? A new Chinese-made I-Phone every 6 months. No money? You can lease it! Home flipping is back. Wall Street, the government, the oligarchs and their bankers, do everything they can to push out more debt to hide the rot. The markets cannot be allowed to fall. Companies hire mostly low-paid temp help, but there are EBT cards and disability checks and credit cards. $1.2T in student loans; many never will be paid back. It was a delaying tactic, to keep unemployment numbers down and make things look better. Facebook, a drug for the masses. 'Austerity' coming? Right, lay off a half-million unneeded government workers who will then have to quit shopping, and watch the fun begin.
What choice do they have now? Take away the punch bowl and watch our cities burn?
Good comment. Would make a good ZH blog post. Are you listening, Tylers?
America imports around five hundred billion dollars more from other countries every year than they export. This means we have a giant trade deficit, when we add this to our enormous government deficit it is easy to see that we are living far beyond our means. The Fed has been superbly entrepreneurial when it comes to Ponzi schemes or pseudo-economics hocus-pocus that has allowed the current situation to develop.
The Fed must at some point begin to ponder a real exit strategy and end the massive and corrosive stimulus that the economy has come to expect. To make matters worse little has been done to address our structural problems and make America more competitive, this will massively thwart growth going forward. Debt does matter, more on why Fed policies are destined to fail in the article below.
http://brucewilds.blogspot.com/2014/06/exit-strategy-from-qe-remains-elusive.html
Reports from the local mall and surrounding stores started coming in around 6:00AM from my "shopping team" on the morning of Black Friday. They shocked even me, not only were the parking lots empty but many of the stores had more employees working than customers. This was something I felt was worth seeing first hand. My office is across from the second largest mall in my state so as I went into work an unplanned visit seemed in order.
Foot traffic inside the mall was far less than I imagined, most of the shoppers were younger women and older girls. These are considered the "core" and most diehard of shoppers. Many were carrying few if any bags, this indicates little in the way of buying. The article below includes a picture of foot traffic at 7:00am and looks at why animal spirits in reaction to Black Friday were far less enthusiastic than in the past.
http://brucewilds.blogspot.com/2014/11/retail-sales-expectations-should-be.html