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Just Wait 'Til 2016!!
At the end of 2012, 'economists' looked to 2014 as the year global growth would break out above the 3% trend and the world could rest back in Utopia... that never happened. At the end of 2013, 'economists' looked to 2015 as the year global growth would break out above the 3% trend and the world could rest back in Utopia... that expectation has now collapsed back to a mere 2.88%. And now, at the end of 2014, guess what...
2016 - The year of living dangerously fast? Or another case of daju vu downgrades to come all over again?
Chart: Bloomberg
h/t @Not_Jim_Cramer
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Hope springs eternal in the human breast. Lies spring eternal in Economists' forecasts. It must be the audacity of hope, which is as good an oxymoron as any.
The Perfect Storm. Amnesty Hits Obamacare.
https://www.youtube.com/watch?feature=player_embedded&v=LDFvh80w9ZE
What's wrong with you? We're doing fine....
Merry Fucking Christmas.
So now it's Obamakaraoke
Just like the Cubs:
There's always next year...
I don't think I can wait until 2016 anymore..................
Twenty what.. that was.. 2017? Oh, oh...no, you said 2016, oop, rather make that 2015, which should have been 2014. But as we can see, only government approved economists are eternally optimistic. ZH readers are, oh my...realistic!
Let's see who's today's winner is on this edition of "Think of a number"......
The Dismal Science strikes again.
Rush Limbaugh slams Eric Holder on race issues during rare TV appearance:
http://tinyurl.com/lardctm
Both play for same team.......stop taking so much Soma
http://www.youtube.com/watch?v=yuBe93FMiJc
2016 is gonna be wonderful....or something...
Or something.
i bet all my money for or something...
USA! USA! USA!
https://www.intellihub.com/c-130-aircraft-seen-dropping-massive-raindrop...
BELGIUM IS NOW ALSO ASKING IT'S GOLD BACK FROM THE FED!!!
MUST BE BECAUSE THEY ALSO BELIEVE IN THE RECOVERY!!
217 TONS!!! BRING IT BABY!!!
What's the chance that Belgium gets its gold back if Germany could not? NSA was spying on Merkel since 2002. Belgian politicians are above reproach like Lot's wife?
Remember that massive Begian purchase of US treasuries a few months back out of the blue? Nothing like a little persuasive leverage.
Netherlands got theirs back now these guys. Whats the rush all the sudden, you know we are good for it.LOL
Could it be because the Brics nations are fast tracking the Brics banking system and predict it to be up and running by May? Enquiring minds want to know.
Switzerland and Ukrane your SOL.
The euro is in big trouble, if it breaks down to 1:1 with the dollar, that could cause a enormous problem for the european debts that are made in dollar.
Suddenly, debts would spike 30% and more.
Well the fact that the USD has been levitating is a trend that cant continue and is based on fabrications.
Watching the USD, Euro and the Yen is like watching 3 turds in a toilet and betting which one will sink the fastest. The banks are all under investigation for FX manipulations keeping this little charade going a few more years.
Come May, all Russia, China,India,Brazil and others have to do is utter a simple two word phrase...... gold backed, even partial and they own the planet. They only at this point have to grow the balls to grab it and the willingness to lead at this point, as most of the world knows who has been buying the shiny for the last decade. India dropped import taxes on gold last month. Them and China could require that citizens deposit just some of their stash in the system and Its over, those 3 little manipulated turds all sink at once and the world goes east to peg and the investment money right behind it.
I figure between now and May. Putin will become the Antichrist and they will get amadant about WWIII. They are already screeching at the top of their lungs. If you read that bill that just passed here, I think it was bill 758, about Russian aggression it was all pure unadulterated lies passed as law.
People all over the world need to refuse to fight their fiat banking war, let em fight it out with drones and robots and computer screens but not your sons, fuck them.
If there is nothing to pay said debit with it is either rolled over or written off; a jubilee is easier than war
War with Oceanna should be going well enough by then to prop up the market
China’s J-31/FC-31 POS
U.S. Gives Russia Free Military Equipment
U.S. and Russia Sell Arms to Both Sides of India Pakistan Tension
Fake Russian and NATO Jet Aggression
Boeing Delivers Ten Apache Attack Helicopters To Egypt…..Russia Delivers Them S-300 Missiles As Well
Quebec Firm Wants To Sell Helicopter Engines To China
China Holds Drills With Both India and Pakistan
NATO Forces Poland To Alter Thier Russian MiG-29 Fleet
Chuck Hagel ‘Endless Wars To Define The New World Order’
http://newworldorderg20.wordpress.com/
Problem is, when you are at war with the entire planet, bombing their countries and/or exporting our inflation to them, I'm trying to think what countries are left to buy those T notes?
I could be wrong, but I believe systemic world problems will hold global average growth well below 3%, we may not trust government statistics as regards GDP growth, so lets say 3% officially. In reality, I suspect the growing number of systemic crisis around the world will keep real world average growth to 1% tops!
Look at a list of nations in recession, then add nations in dperession, then add nation in collapse, finally add nations at war or civil war. That is an impressive list if you made one!
I am not sure what to make of the global collapse in oil prices. A prefect storm of Saudi seeking to kill US energy independence, along with a Washington DC war on Russia, which has low oil prices as a component. Finally weaker than reported economic activity. Oil remains a mystery and a wild card as to what will happen.
Growth now days is mostly a function of rising populations. More people means more economic activity. Next wealth growth for each person is stalled or declining. Next standard of living is shrinking in many places. Quality of life is in free fall in many places! I urge you to consider quality of life as a real indicator of the future, even middle class people are seeing quality of life in free fall. Think of public schools, cost of health care insurance, crime, job pressures, threat of job loss, demands for dual job families. I think quality of life is in total free fall, in every sense!
Nearly all economic wealth creation and welath transfer is proven to go to the 1% at the top. All the data confirms this, it is just a simple fact. The game is now totally rigged via central bank manipulations, and these rigged games all favor the 1%. Labor his zero leverage, in fact, labor is in total retreat across the board. Public sector still retains unions and fantastic pay and benefits, but the public will not tolerate that much longer, not as they are driven into the poor house by taxes to fund this elite public sector. Whre I live, and here is like much of fly over America, the only real ticket to the good life is Public Sector Jobs. And their pay and benefits still climb every year. The nearest medium size city, has teetered on the point of bankruptcy for a decade, ALL due to one expense. Health Care for employees, retirees and all their family members. It is insurance that costs city workers nothing, toally cost free, it covers 100% of all costs, no deductables, no copay, total drug coverage, total dental, total physical therapy. Limitless in other words! And the costs have kept the city near BK, and taxes rising.
Will be the hand off year for Barry to give the next president a bag of shit to deal with.
Criminal banksters, a shit economy, and race relations in the toilet.
Then there is the rest of the world.
This is funny. I had an account with (in)Fidelity a few years back. I cashed that bitch out and took the tax hit. Well, they sent me a snail mail saying that I still have an open account. If you turn the page over you see "Important Account Information" which deals with Order Flow Practices, Order Routing Disclosure and a FINRA Broker Check.
Here is the problem, I closed that fucking account almost three years ago and pulled the cash out. At least I thought I did. In fact, I am sure I did. It looks like they reopened the account for some reopened the account for some reason. I'm guessing that reason is so that they say have millions of investors. No you don't Fidelity so fuck off.
The enclosure goes on to say that Fidelity Investments shares your account balance and tranaction history, Social Security number and your assets and income. WHAT THE FUCK?! And then it goes on to say the following.
"When you are no longer out customer, we continue to share this information as described in this notice."
Well ain't that great. What is this lett supposed to prove? If I don't invest with you that you are going to fuck with me?
You may not be able to keep your health insurance and doctor, but you can keep your brokerage account.
An American, not US subject.
"Notification/privacy" clauses should be henceforth called, "Stasi clauses."
No kidding, I have been reading more and it's gets worse as I go. It says in the letter that this is effective June of 2014. What? Is my calender off? I'm pretty sure it is December of 2014. Well I closed that money losing bitch down in 2012. It's really unbelievable what these fuckers are saying and why now after all this time? It was three years ago that I did this. What's wrong just walking away? That is what I thought I did. It was MY fucking money anyway. I don't like your goods or services because they do not suit my needs. I choose to do business elsewhere. Is that OK? I guess not.
The letter might as well have said, 'Fuck you, you took out your digits from our brokerage and now we can't lend it all over the world so since you did that we will sell your personal data because we think we can do whatever we want." Now they are track financial assets? That is a good one. Track my physical holdings that are sitting in this room right next me? Well, good luck with that.
Fuck it, I am hanging this paperwork on the Christmas tree because I am the asshole again. I'm always the asshole it seems. It is always my fault. Shit man, I took my money out of the crack market. I paid the fucking taxes and I paid their fees. It should be the end of the story.
What is next? My neighborhood grocery store is going to send me a letter too saying that I didn't buy enough groceries this week?
It says here under "Investor Inquiry": "You can request your specific order routing and execution information for the preceding six months." What fucking orders are we talking about here?LOL I guess that all modicums of decorum are thrown out the window now even for retail. I'll call those fucktards tomorrow and thell them to shut the fucking thing down and I want paperwork explicitly stating that the account is closed. It would appear that trades are still somehow going through my supposedly still open account account. I do not want anything to do with that bullshit.
Imagine the power and pitfalls in FACTA.
They can send you a letter accusing you of having an undisclosed account in a foreign land, and basically say, "prove you don't." Beyond the obvious violations of the "Law of the Land," they now want you to call witnesses from a different and far off foreign taxing jurisdiction as well.
Enforcement of FACTA then becomes an Article 3, Section 3 violation.
An American, not US subject.
"Your honor, I call my guillotine to the witness stand."
If you like your account, you can keep your account. If you don't like your account, we'll keep your account. Surprising they haven't billed you for some bogus fees.
You read my mind because that is where this is going but I have not gotten to the bottom of the mail pile yet. I hope you get a thousand green votes for that statement silverer.
I would be more worried about the balance becoming neg with future applied taxes or other assoicated fees that you'll just have to pay...
I figure everything will fall apart late 2015. Or WWIII breaks out. Not sure which.
hang on the dates keep creeping here to - i mean wasn't alt stats saying hyperinflation in 2014??
Things never stopped "growing." Growth in fraud, theft, and treason, that is.
An American, not US subject.
"Save mankind, and maybe the whales too, and guillotine a bankster."
I though in 2010 is was "what out for 2012." Then it was watch out for 2013 then 2014 now its 2016-2017. Wake me up when we're hunting dogs for food.
If anything, 2016 will probably be the year when the stock market bubble finally pops.
Nope, I don't think so.
It'll fall apart in Sept-Oct 2015.
It's a Shmita year and God has been giving us warnings every seven years: 2008, 2001, etc..
It's going to continue until...
Go ahead. I'll let you write the official spin on that one!
It'll be different this time! otherwise it'll be....like, 3 bum ones in a row. And we don't want to bum some folks.
/s
Who's on first?
yes!