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Peak Propaganda: Meet "Joyflation"
Everyone has heard of "inflation" and "deflation" and, when things go really bad and another recession is just around the corner coupled with soaring prices and plunging wages like in Japan for example, "stagflation." But have you heard about its optimistic, happy-go-lucky cousin?
Meet Joyflation!
This is the term which has been coined by Oxford Economics Ltd. to describe the combination of the oil-driven slowdown in inflation and accelerating economic growth.
Remember: according to central bankers deflation was the root of all evil, but not anymore, at least not when it involves declining commodities... or food... or LCD TV... or iPads... or pretty much anything. Because when inflation isn't there and stocks keep going up, it is time for even the most hard-core Keynesian to go, what else, Austrian!
From Bloomberg, on the semantic of __flation: "It’s an uplift that counters some of the pessimism from the end of last year,” said Scott Livermore, managing director of macro forecasting at Oxford Economics, which advises companies and governments. “From a U.K. perspective, the fall in oil comes at a very good time."
Uhm, we appreciate a good verbal joke as much as the next guy, but can someone please explain how what we wrote a month ago in "It's A Huge Crisis" - The UK Oil Industry Is "Close To Collapse" leads to "an uplift that counters some of the pessimism from the end of last year."
The non-GAAP deflation acrobatics continue:
While that risks setting off alarm bells, Livermore says it will be a form of “good deflation” because cheaper energy boosts the spending power of consumers and companies. “Bad deflation” is caused by depressed demand and high unemployment, and tends to become endemic.
“It’s like we’ve had a big tax cut, but one paid for by the oil-producing nations overseas rather than by the Treasury,” he said.
Which is great...for a few months. What happens next is described in painful detail in "How The Petrodollar Quietly Died, And Nobody Noticed" in which among everything else, we noted the following:
The recycling of petro-dollars has benefited financial markets liquidity conditions. However, this year, we expect that incremental liquidity typically provided by such recycled flows will be markedly reduced, estimating that direct and other capital outflows from energy exporters will have declined by USD253bn YoY. Of course, these economies also receive inward capital, so on a net basis, the additional capital provided externally is much lower. This year, we expect that net capital flows will be negative for EM, representing the first net inflow of capital (USD8bn) for the first time in eighteen years. This compares with USD60bn last year, which itself was down from USD248bn in 2012. At its peak, recycled EM petro dollars amounted to USD511bn back in 2006. The declines seen since 2006 not only reflect the changed global environment, but also the propensity of underlying exporters to begin investing the money domestically rather than save. The implications for financial markets liquidity - not to mention related downward pressure on US Treasury yields – is negative.
This was written in early November. Since then both forecasts: an even greater collapse in liquidity and even lower Treasury yields, have been validated.
And what happens after, is even worse, which is why we can't wait for someone, not Oxford Economics, to trademark the logical follow up to Joyflation: Deathflation.
At the end of the day, however, since the statistic in charge have now devolved to coming up with "clever" terms to disguise reality, there is a far simpler definition of the __flation word in question: propaganda.
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propaganda overload ...the internet never existed
http://www.philiacband.com/propaganda.html
prop-flation?
The U.K. economy is about to get a dose of "joyflation." That's the term coined by Oxford Economics Ltd. to describe the combination of the oil-driven slowdown in inflation and accelerating economic growth.
We must be at the point where Wile E. Coyote has ceased forward motion, yet hangs in mid-air; soon he will look down and then ... Splat.
Decrosion caused by prolonged immersion in bullshit.
Propagandurbation.
So is joyflation anything like funemployment?
Not sure but I do expect a 'happy ending'..
The beatings continue until morale improves...
IridiumRebel...not my choice of a happy ending.
No, "joyflation" is when the little fireman inflates when it was doubtful he would.
I never doubted you him for a second. ;-)
Allow me to introduce myself. My name is Wile E. Coyote, genius. I am not selling anything nor am I working my way through college. So let's get down to cases: you are a rabbit, and I am going to eat you for supper. Now, don't try to get away! I am more muscular, more cunning, faster, and larger than you are, and I am a genius. Why you could hardly pass the entrance examinations to kindergarten. So I'll give you the customary two minutes to say your prayers.
Very nice.
Joke Time:
A bunch of bats are hanging on a tree branch.
BAT A: Hey look at Harry he's hanging the other way up!! (like a bird)
BAT B: He's been having these fainting spells all week.
what a joke folks
Inflation, deflation, stagflation, joyflation.
What next? Flatulation or perhaps mast...., .....oh what the heck.
The whole thing is like trying to count bubbles in a boiling pot.
No. I can't even bring myself to writing the analogy having to do with sex, bodily fluids, morning ablutions and the like.
Not even I.
Yes, it's that bad.
Sorry.
Damn Knuk, this one is like shooting fish in a barrel.
Guess I am on my own here to sell "joyflation" to the wife. Suppose it will consist of something along the lines of pulling more... good things are on the way!
"rapeflation" just doesn't roll off the tongue right
Damn, give us somethin Knucs!
Knuck's has cracked....
Fedflatulation
peek a boo, i see you
world go madness mod to deny everything outside their matrix box
It's worse than that as TPTB actually believe their own bullshit....
I thought Joy was an inflatable sex toy, but you are telling me that Joy is the inflator?
Ah, the new normal!
Long K&Y and tube socks (am to understand the socks prevent early chaffing).
Good idea for a fembot name 'joyflation'
Let's toss -flation in with -gate and just STFU.
Keep this outta sight!!
http://www.showrealhist.com/yTRIAL.html
edit
off topic:
http://news.yahoo.com/israeli-settlers-stone-u-diplomatic-cars-police-155253037.html
(Reuters) - Jewish settlers threw stones at the cars of a U.S. diplomatic delegation which came to inspect vandalism to nearby Palestinian-owned trees in the occupied West Bank on Friday, Israeli police said. The U.S. embassy in Tel Aviv and consulate in Jerusalem had no immediate comment on the incident outside Adei Ad settlement, which caused no casualties. Such incidents are rare though Washington disapproves of Israel's settlement policy. An Israeli police spokeswoman said the delegation arrived at Adei Ad in U.S. diplomatic cars without first having coordinated the visit with Israeli authorities. She said the purpose of the trip...
Right on Topic. Great.
I think the Chinese looking for Normalization in Treaty Issues Requested more USA Government Agencies Arm, Train, Get Weapons, Prepare for Extreme Activism, and prepare to repel US Citizens who are feeling disenfranchise... since this is a threat to Chinese Property & Business ownership in the USA.
- Do the Chinese & Europeans own US Debt & US Household Debt, or is that coming up in 2015, 2016, or just assumed through US Federal Debt (Federal Government Spending)
Fact is, all this joy will lead to shrinking 401k plans, pension plans, heck, any plan you have or can think up are going to suffer.
Planning is great when the world is right. Well, the world is not right. Now what?
Prepper's have seen it coming, ZH has seen it coming. Have you?
Lots of work to do!
...And all this time I thought Joyflation is what happens at Asian massage parlor!
My first GF was named Joy and was coincidentally also asian.
Her adopted father was also a minister, I think we earned enough frequent flier miles in the Sunday school room for first-class tickets to hell.
And here I always thought joyflation was a good erection.
Used in a sentence: Bill Clinton had some major joyflations with Monica.
Remember kids...
A smile is just a frown turned upside down.
Orwell must be laughing his ass off in the grave.
Like a street thief calling his robbing of the store on the corner "joy-relieving."
"I didn't rob them. I gave them joy by relieving them of their cash burden man!"
The banksters need to repay us.
Fraudulent-reserve banking is theft. Central banks are agencies of theft. And the Federal Reserve is a DC US cabal of thieves plundering the American country on behalf of the Zionists.
retards.
the dollar buys more oil than ever. the petro dollar isn't dead, it's stronger than ever before!. ahahahhaha.
dummbasses.
the dollar dies when it's too weak to buy oil, not too strong.
currencies all die by inflation not deflation.
Let us ponder this statement.
Stronger? Have you been to the grocery store in the last 8 years? Have you priced college tuition, car parts, or health insurance in the last 8 years?
I conclude from your post that you're either deliberatly ignoring (for some nefarious reason) the inflation that most Americans feel every day, or you're profiting from the lie and as Upton Sinclair once famously wrote "It is difficult to get a man to understand something when his salary depends on him not understanding it".
Also, you seem to not understand how the the USDX is calculated.
If you have time perhaps you should examine the Federal Reserve's inflation calculator at : https://www.minneapolisfed.org/
And even this source is not showing the full effects, because everyone knows the .gov understates inflation. But that calculator will show you why America is fucked.
Tradesmen I knew in the 80s made $15/hour for jobs like carpentry, masonary, drywall hanging/finsishing, auto mechanic, and auto body.
Guess what? today those professions pay that or less. When if salaries had kept up with 'officalially stated inflation", they should be making $32.93 per hour.
The only trades I know of that pay that much are in union shops or protected monopolies like healthcare.
THAT's the problem. Free trade globalism (labor arbitrage), currency debasement, growing government, endless new laws, and of course endless war on anything and everything.
No matter who's elected. No matter which party 'controls' the government, these things happen and continue and you'll never hear the MSM or big time politican discuss any of them or point out how those things, the core policies of the USGOV, are directly responsible for the shitty condition of this country.
The only people who can't seem to grasp that fact are those who are profiting from it.
Hello.
Just read that Jamie Dimon has cancer.
Jamie Dimon IS cancer !
It's only temporary.
How long should my joyflation last before I call my doctor?
Based on Japan, at least twenty years.
'
'
'
Take your hand off the shaft and it'll go away in a few minutes.
Trust me…
•?•
V-V
Have been enjoying life, taken some time off from ZH. Recently as of today Google has hacked my computer today. I have all kinds of tricks to send back a bloody false signal abortion of no revenue ad click sale for google advertisements.
Win7 IE 11 has been high jacked to use Chrome browser exclusively for YouTube viewing. Log into my wife's account to uncheck google settings (Her account. I have no Google BS, Always run naked without logging into some tracking account . Received this bullshit statement.
Enabling "Do Not Track" means that a request will be included with your browsing traffic. Any effect depends on whether a website responds to the request, and how the request is interpreted. For example, some websites may respond to this request by showing you ads that aren't based on other websites you've visited. Many websites will still collect and use your browsing data - for example to improve security, to provide content, services, ads and recommendations on their websites, and to generate reporting statistics.
Learn more
Google is going to get SonyGated. The culprit is the new Adobe flash upgrade for 64 bit. I loaded it offline, I know when something is on my computer. If the screen doesn't execute by a blink of your eyes, something is on it. It’s that fucking quick. It appears, Adobe installed a delta toolbar operating in the background. Gone.
See we won't need flash, java in future. HTML 5 doesn’t require it. I will blow away chrome, and this infected adobe piece of shit. If I cannot watch your video via by updated flashplayer. Don't care, revenue loss for you, not me. Will find information elsewhere.
Time to have fun cutting off this cyber infected computer generated by Windows and Oracle. Another example of fucking with our personal property, blaming it on China, India, Russia, and Iran. Not a spec of adobe, Google chrome will exist after a 3 sweep deletion process.
One lie begets anothe lie, begets another................
BTW, I can run 32 & 64 bit simultaneously. When dl Adobe, it asked to dl Chrome. I don’t uncheck. Computer states unsecure dl, gets to 68% and my computer throws you out. Secondly, dl Adobe, allow chrome to dl. Another unsecure dl ..run, save, cancel. My computer throws you out.
Next, dl Adobe with chrome and save as. As previously stated above, you shut down all browsers and even go into task manager to ensure no other Iexplorer processes doesn’t fucking interfere with your tiddlywink dl. Then you dl from saved as file.
Yeah, it works. Reboot, run the adobe test. Doesn’t work. It’s in my registry and file directory. Look at all this shit that was dl as malware and hidden delta fucking airlines toolbars. I have flown on Delta once. Never again. This is getting outlandish.
This is what we can do in home. Slip under your bed while you’re sleeping and unload a 30 blank clip semi-automatic gun.. After you stopped screaming, we advise you to upgrade a ADT unit or buy a dog to improve your security. Any new gun fire under your bed depends on whether you respond to our data mining sales request opt-out. Tit for Tat.
we joyflated some folks
How is this bad for consumers? Instead of sending $50/barrel a tribute to OPEC, we are now sending $5/barrel. Yes, as with any price change, there's going to be disruption. ISN'T THAT WHAT CAPITALISM IS ALL ABOUT?! So the people in Bakken who enjoyed a mini-oil boom will now have to deal with a bust. Gee, that hasn't happened to, e.g., farmers thousands of times over the millenia?
I laughed last week at the ZH reports moaning that 'consumer spending hadn't changed since the drop in oil prices'. First off, where does gas spending come from? Isn't it the same bucket (whatever .gov leaves in my paycheck)? So, spending on gas + all other consumer expenditures is more or less constant, as wages have been more or less constant at an overall level. (YMMV, of course.) What I don't spend on gas, I'm free to spend on something else.
I'm a consumer. Last January, with gas at $1.40 Cdn/litre, I spent $300 on gas. This year, with it less than $0.99/l, I will spend less than $200. I will spend that extra $100, but it might be on clothes, or dinner out, or whatever (I'd say hookers and blow, but Ms. Drakman occasionally reads my posts). In terms of overall utility:
Gast-1 = Gast + otherhappymakingthingt
So, the sum(otherhappymakingthing) is a net boost to whatever sectors it is spent on. Thus, more restaurant meals, more clothes, more cars, etc. The money gets spent (mostly) in my country, and doesn't go to indulging the appetites of Saudi/Kuwaiti/whatever ragheads for London based hookers and blow.
Please explain to me why this is in any way a bad thing except to people who are invested in the oil complex.
not for every ZHer
"Joyflation" The rush that a banker gets after that very last hit on the crack pipe and the first nail flys out of the nail gun.
The only thing that tops Joyflation is "Joyflation with Blumpy": http://www.urbandictionary.com/define.php?term=blumpy
Deleveraging versus Inflation:
Las herramientas del sistema
Everywhere I look, I see chronic cases of "cynic-flation" and "skeptic-flation"...
Too bad these economaestros can't figure out how utterly incompetent thay are at predicting the future...
I've been collecting and reading the books of Harry Elmer Barnes (1889-1968) because of his unparralleled insight into the practical mechanics of how Orwell's Ministry of Truth operates. To wit. There is no centralized authority which decides specifically what facts, words, people, etc. need to be erased from "common knowledge."
Rather, Barnes' erasure via the Historical Blackout was the result of intellectual herding and groupthink that operated in a peer-to-peer fashion by independent actors encouraged by the almost irresistable lure of fortune and fame, sticking to the safety of copycatism in their circle jerk of political correctness.
Can someone here please give me some names of living writers who are trying to carry the mantle of Huxley, Orwell, Mencken, Barnes, etc.? Hunter S. Thompson and Gore Vidal are no longer with us. Is there anyone writing in English who does anything at all like the names mentioned above?
The only living writers that come to mind are Paul Craig Roberts and David Stockman but they're well over 60 and both rightly make no claim to expertise in history or sociology. Nobody can hold a candle to Barnes' petticoats.
Where are the Young Turks of critical social thought?
co-opted, buried, discredited, incarcerated, or, when deemed necessary, cancered.
you see: "Everybody knows that the war is over, everybody knows that the good guys lost." L Cohen
And that's how it goes when everybody knows.
co-opted, buried, discredited, incarcerated, or, when deemed necessary, cancered.
thanks! but the overt targets are most surely miniscule in comparison to the multitudes who see what happens to those who speak up. all you see is the tip of the iceberg.
humans are very much follow-the-leader when it comes to pretty much anything. the big social changes of the 1960s and 1970s were spearheaded by a very small number of folks with most everyone just joining the already-established crowd.
most of the people here, there, and everywhere seem to genuinely desire to be zombies.
very very few are capable of original thought. and no wonder because the only reward they usually get is scorn and avoidance.