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US Macro Data Surprises Are The Worst In Over 10 Years, Post-Thanksgiving
Remember that whole "cleanest dirty shirt" or "decoupling" narrative that gets trotted out day after day when any global turmoil prompts risk-off positioning and asset-gatherers and talking-heads proclaim T.I.N.A. but to invest in the "fundamentally strong" US... well... it's completely wrong! US Macro data surprises since Thanksgiving Day are the worst in at least 10 years...
Boom goes another market myth...
Charts: Bloomberg
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Bullish
Well this should cause a huge upswing in stawks! Cause who don't want a clean dirty shirt!
This shit is so twisted it makes a cork screw look like a straight line.
Canada lost 18,990 jobs in 24hours!
17,600 in Target, 1,000 in Suncor, 300 in Shell, 90 in Sony. 1000's more lost jobs in last 6 months:
Canada’s retail exodus: Here’s who’s closed stores in Canada
Sounds bad enough, but consider Canada's population is less than 1/10th the US. This is like the US losing 200,000 jobs in a day.
Also, these are only the jobs publicly reported, the vast majority of job losses aren't reported. Multiply by 2.
When this thing blows, I believe there will be chaos, so much so that we just may get a chance to hang some folks from lamposts.
Anyone in N.Y. or D.C. gets first crack.
I envy you.
1.74
10yr yield sez the band is playing on the foredeck ... free ice to anyone who wants some
cool ... it's catching down to my 3 month mega CD . This is fun !
TYX @ 2.40. All members of the band, please STOP PLAYING!
I will get Lady C to sing some opera tonight to get me in the right mood.
Only a size 10 opera singer(for real), but its time for the fat lady's intro.
No surprises there.
That means USA will need another QE?
'They' know the shit's real... First out will be some calming words. Following that - assuming the new 'trend' continues, a confirmation of delaying any rate hikes. Following that - assuming a cascade ensues, QE-4.
Much like the Titanic we are too big and advanced to ever sink. Who wants 1st class tickets?
you going to believe the Data or CNBC? lying eyes
:https://www.youtube.com/watch?v=5-NlR54PqLw
when? i've been going broke being "right but early" for quite awhile now.....
certainly looking like a refi is in the wind. cost of living getting damn cheap. liv like a king thanks to da fed. mortgage half of rent. gas half cost and wage stayed the same. all that counts is the monthly's. got rid of a gas hog. next on deck, oh deck chairs, ha, boarding the life boat, wanna join? empty right now...
You want another thing to add to the pile...
The port of LA has essentially been bottlenecked for almost two months. Nothing in and nothing out. Billions of dollars in inventory is sitting there and can't get to retail outlets. What was supposed to be in stores in January has no hope of arriving before the selling season switches. The product hasn't even made it into vendors hands. Clothing retailers are screwed because everything they sell is based on seasons and colors that are set up to two years in advance.
If summer clothes are supposed to be on racks at the beginning of February and last until April, what happens if the product can't arrive before April? Guess what, it doesn't go out to consumers. Bookings, orders, and ship schedules for fall inventory have already been set. You can't push back fall inventory because spring never showed up. Since the port of LA is so screwed up all traffic has been routed to other ports absolutely screwing up logistics for every corporation out there.
Take a look at the inventory situation and your favorite major retailer. There are a lot of empty shelves. So this spring nobody makes money and billions of dollars of inventory will go unsold. You are going to see a retail apocalypse.
What happened to make it such a bottleneck?
http://www.latimes.com/business/la-fi-port-traffic-20141226-story.html
it is an old article (xmas). haven't seen a recent update.
(edit) here is more recent...not improving:
http://www.latimes.com/business/la-fi-port-congestion-20150113-story.html
Once the Panama canal is finished being widened paid for by large corporations, CA ports are going to be abandoned. Most exporters to the USA is sick of the CA ports and delays by the unions. Texas will be getting the business along with New Orleans.
now see here dammit...
the fucking narrative on this site is that the USA is a land of worthless electronic fiat with nothing to offer the world at all except pain, lies, and misery...
so why is it the fucking case that people want to sell shit to us so bad that our goddamned ports can't keep up with the traffic? don't those sellers know they're getting nothing but paper and pillow talk in return? what the hell is wrong with these guys, they're supposed to be getting in bed with the BRICs and establishing a new world order of unicorns, rainbows, and gold-backed currency... someone didn't get the memo, I tells ya...
I have no idea what all the prerty colors mean but I do know which way the US economy is headed. Had a manager at a Best Buy store tell me to get stuffed (in so many words) when I suggested that a clerk's product knowledge and service was reflected in the market performance of their stock (contrary to Goldmans best buy suggestion). They just lost a $2000.00 sale.
US data in short:
Everybody has a job but nobody got anything to spend.
Is that like the expression " they pretend to pay us......."
its a fucken recovery
got any air jordans?? need a payday loan..well from AP here you go.
"A 16-year-old sneaker-loving teen is using the footwear to get a different kind of kick — he’s opened a pawnshop that uses high-end athletic shoes as collateral.
Chase Reed and his father, Troy Reed, opened Sneaker Pawn on Lenox Avenue in Harlem looking to capitalize on America’s multibillion-dollar athletic footwear market and the high prices sneakers can get being re-sold."Goin to be too many bare feet in Harlem - Obummer and Sharpton to hire a shoe czar.
"[H]igh end athletic shoes?" You mean expensive sneakers?
We decoupled some folks...
If you look at all of the lines, you'll notice each year gets worse.
A picture can tell a trillion words.
there, fixed it.
It was time to recalibrate the old adage IMO.
Just wait until the oil price drop gets factored in a couple months from now........
Can you say, SHIT STORM?