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"Reality" is not "perception"
Charts: Bloomberg
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Music still playing . . . crackheads must . . . keep . . .dancing . . .
That chart is all the more impressive when you consider that there are loads of commodity companies in the S&P 500 index.
the inverse of that chart is coming...it won't be too much longer.
until then take advantage of the low phyzz price sale and stack the fuck out of it while you still can.
I am betting the farm on this.
https://scientiasalon.wordpress.com/2015/01/22/quantum-mechanics-and-sci...
Of course the market is rising--you can get all your raw materials for free, and ship them for free too! <s>
Don't bet your farm , you will need that milk cow.
above comment
she will have two farms, one at a big discount, ha...
text of article
this exactly what i'm railing about. big time deflation being masked and railed against by the fed by buying assest left and right. they have a huge fucking problem. 10 trillion worldwide and the air is coming out. negative rates? wtf.
looking from outerspace and seeing the big pic, it just don't look very good.
china on deck to devalue next. i see no rate increase, they can't do it unless they want to implode this mess. the treasury markets saying LOUDLY, run take cover fast as you can. NEXT-qe to revive the patient-will it work?
just picked up some more today ;) everytime the idiots knock it down I go get some on sale
good job! picked up 40 more myself early this morning. It was payday...that means I trade in worthless FRN's for real phyzz money. ;-)
Oh silly, that chart only looks like that because they are now transporting items through these pods like in the movie the fly
..Also, it seems everyone is 3D printing Gold, Silver and Oil so..no need to go to market... It's a shame we still can't 3D print our food
but what happens when the customers become too impoverished to buy?
They are borrowing money and buying their own stock. By the time the fit hits he shan, these company execs will be in St. Barts on their yachts registered in the Caymans or the Marshall Islands.
Bingo!
true- insiders converting options big time. cash out and one way ticket to their den of theives...
What happens is your handlers own everything and you are their slave.
stocks high, what's wrong?
What's wrong:
1.) correction pending
2.) "price discovery" pending
3.) Reset pending
4.) dodgy, unfair reset attempted
5.) revolution pending
6.) fairer reset tried. accepted by the masses, but within it contains the seeds of a future repeat crisis decades ahead
S&P = escape velocity
BDI/S&P=WTF!
Clever!
Spot the hockey stick.
Elections in another year and a half. It will be interesting to see what our political sponsors on Wall Street have planned in the run-up to 2016.
maybe the republicans gonna pay back the Dems for 07/08 when the last crash happened during the election so democrats came in to save the day and bush got blamed for 5 years now it will be the black guy so the next will be a woman republican so she can totally fuck this up Sara Palin anyone?
I don't think there's gonna be any presidential elections after this one pops.
that's great to we need a new system where the honest hard working American people who love thier country and all is supposed to be can clean it up. I have nothing against Sara or for sure women . I just looking at this game and she would fit the bill as a real card
There is a problem.
Humans have an undying need for something for nothing. The only thing that has saved us from ourselves in the past is that relatively few have been afforded it. That has changed over the last four decades or more. Increasingly more people have had their weakness enabled through debt, either directly through consumer debt or government debt. This weakness constitutes an addiction that will not be denied and will not respond to austerity. Once addicted, these people will pursue their need for "something for nothing" until they are forced to violence. This FSA will be herded into a force, initially a voting force to empower the government with the needed power to steal, take, redistribute to this army of need, but eventually, when reality strikes and there is nothing left to steal or redistribute, they will materialize as a mob, with demands. Demands that will require violence. Theft and revenge.
And let no person claim that this impending disaster is an accident, an unintended consequence or simply the result of resistance to enlightened doctrine.This is deliberate and will lock the powers of tyranny in place for decades if not centuries.
When you say FSA I figure you're talking about the 1% that owns half of this planets wealth? Or the 50 million Americans and 125 million Europeans that are on or below the poverty level and live on food stamps because they are to poor to afford food?
FSA= Free Shit Army. So, the latter...
Elizabeth Warren. The growth of the Free Sh!t Army nearly guarantees it. I'd say that even Jeb Bush will vote for her in a competition against her.
She's too rich to run for Preznit as a Democrat.
Funny how nature do that.
Anyone who tells me that my lifetime of work to build a small business is owed to the thieving fucking government, will get my vote in hell.
Fuck her and redistributionist, big government asinine ideas.
If we only had more regulations and taxation....sure.
Think it could happen? Declare a crisis and suspend presidential term limits?
The naked emperor could go down in history as a three-term prez and biggest failure ever.
95% civil war.
Or, CIA decides to Martyr their puppet and use that as an excuse to 'lock down' America. Currency controls, bank holidays, etc. Blame it all on those evil terrorists. Works every time. I think the killer's name will be somethin' like Lee Harvey Bin Laden.
Nah. It would be a Tee-Pah-Tee-Ah with an "assault rifle." Go for gold, make him an Oathkeeper.
A returning vet with combat fatigue or PTSD whatever they call it these days.
Or a novo-Russian from Donetsk.
Or a Russian spy in NYC.
Or a Syrian loyal to Assad.
Or a Yemeni from the new regime.
Or Chinese.
Or Nork.
Pick who you want to go to war against.
Your first one is good. I made my call based on the idea they want to go to war with us. Villianize anyone who might seem to be unhappy with the status quo.
Three term president? Possible.
Perhaps his contract with the people who put him in power does not extend that far into the future.
Whichever, it would seem to explain a lot. He certainly seems sure of something going forward based on his emperor act.
How about this--he keeps escalating unconstitutional executive orders, up to and including elimination of term limits, forcing congress to impeach (which, to everyone's surprise, will be led by the democrats). He'll create such a rukkus that he's not only impeached, but removed from office (remember--they are two separate votes).
Suddenly he'll become the left's martyr. He'll be leading orchestrated marches in the streets (back to his role as community organizer) and will elevate himself to the level of MLK. His impeachment will be framed as proof that the old white men leading the country are just a bunch of raysisses (even though he'll secretly embrace impeachment--back to the golf course and choom!).
His entire abysmal record will be vanquished in one swoop. To even reference his incompetent past will become a litmus test; to do so will prove one is rayciss (which is why the democrats would love for it to happen). His diplomatic failures all over the world, social failures, economic failures--would all go out the window. A breath of criticism would mean instant banishment.
Within two years, Front Line and PBS will have hours of documentaries framing the great naked emperor and the holiest man to have ever lived, sacrificing himself at the political altar to expose the evil rayciss machine. What a selfless saint he was--all hail the great leader! Amen.
He, in conjunction with the MSM, will return a level of 'respect' to the role of activist that's been lost since MLK (it'll be pseudo-respect, but such is the nature of propaganda). He'll be top dog among the Jessie Sharpton crowd and he'll become the broker of activist issues. Suddenly, race-baiting will become mainsteam and '(pseudo)-respectable' in the political machine, and BHO will be around for decades making millions in speaking fees and TV appearances.
He'll never go away....
There is a bright side, but it's minor--The last few months of office will be filled by Biden. Six months of worthless drivel at the end of a wasted presidential term and Joey B's meglomania will be satiated. He can finally be put out to pasture once and for all. At least he'll go away for good.
Everybody gets to vote, except the people locked up in the gulags (i.e. 2/3rd of the country).
Yellen gonna bust out the lotion soon. It's all good. Ride the wave--what could happen?
Keep calm and buying companies with no earnings, what can go wrong?
Stupid Zero Hedge, how dare you not comform to mainstream ideology?
Tyler, might wanna update the chart now that Baltic Dry is at 608... We are so close to SHTF, I can just feel it.
down 5% just today. new lower low.
Always wanted a supertanker because of all the space. Getting close to buy time. Problem is a trailer to get it to the midwest.
Flat Pack specialist:
https://www.linkedin.com/company/flat-pack-specialist
I have always been a "realist", scoffing at every numbscull idea I have ever hear. I've always believed in hard work and the honest buck, while the rest of the world laughed. I have watched as those business that had pursued excellence in their products and services one by one faded away. Meanwhile, I have watched others, that made no sense at all, did things I perceived of little value, prosper greatly.
In my twenties I pursued building custom Harleys and hotrods. I decided that it was a waste as it seemed that most of the customers were losers spending their kids shoe money on foolishness. Today and for the last decade I have watched as these types of businesses have bloomed everywhere, around the world. Who would have thunk it?
I look at the money that professional sports generates. In my youth there were sports heroes of a sort, but most were not considered super wealthy and while there was money in it, nothing like we see today.
Nothing makes sense anymore. In today's markets, the path to wealth is to come up with the most useless, wasteful concept, preferably one that accomplishes nothing except to stroke someones ego or bedazzle them with alien technology. We have developed emotional dependencies on things that thirty years ago would have been laughed at, and discard anything that would be considered productive in actually making something.
There is just no place left in the world for practicality, only toys and distractions from reality. How can an economy survive this?
hard work, intelligence, practical work, great customer service. all swirling the bowl while the most insane, inane, mundane things all create great wealth.
you have hit the nail on the head. but how do we figure it out and rewire our mentality and character to deal with it?
It is important for man to know his weaknesses. Those who think they have the strength to overcome them usually fall prey to them. The only sure way is to avoid them, and I believe debt and the "something for nothing" is every bit as addictive AND destructive as any drug. Worst of all it is contagious as others witnessing the apparently "free"shit will eventually find it irresistible, especially when no real consequence for the actions presents itself. These consequences are being deliberately delayed and obscured as any pusher would attempt to minimize the worst of withdrawals with his clients if it ensured future sales. The pusher wants the whole world addicted to his drug as long as they can beg, borrow or steal to support the addiction. Addiction severs us from our rational mind and you will see this when engaged in a discussion with them.
Ultimately,while it is OUR fault for falling prey, I fear the solution cannot be in the expectation that these addicted persons will see the light and clean themselves up. As with drugs, it will require the elimination of the network of dealers if it is to be reversed. If it comes down to violence from either side,it will not be reversible,it will cycle downward to a complete collapse. Death in the gutter.
Storm....only through an entire system reset will the tech zombies and free shit foot soldiers come to realize how wrong they were, change or die
Sadly, It will not. Austrian Econ emphasizes the subjectivity of value and, for the most part, I agree with the premise However, it's hard for me to see the things I do and not be critical of the value generated. Like porn, I like to think I know it when I see it.
You are absolutely right. Families and relationships have gone by the wayside. When I drove the freeways of Southern CA, most cars only had one occupant. In Mexco which still has a strong family oriented culture, most cars have more than one occupant. What does that tell you?
Morals for the most part are not valued as they once were in respect to lying, stabbing someone in the back to suit your own needs, stuff like that.
People do not value the Constitution and what it represents as they have had it too good for too long and gave their leaders the keys to open hell's gate.
As a custom furniture maker it concerns me to think that the person who invented the testicle ball sack we see suspended under back bumpers of pickups is likely living a much wealthier life than most. Normally I don't think I would care. I'm not a large ego person and not very jealous either, but when I see the whole world placing its values on worthless toys and entertainment, or worse still, worthless scraps of paper gambling chips.
I love my brass-coated truck nutz.
What's next? Donkey dick windshield wipers?
https://m.youtube.com/watch?v=hpJQwQvKniE
Honest business simply can't compete with central banking's infinite checkbook that enables ZIRP.
Easy money isn't so easy after all.
What you're describing is 40 years of currency debasement. In this world, fools get paid for nothing and fags get paid to marry.
Opposite George knows the feeling.
http://www.youtube.com/watch?v=cKUvKE3bQlY
When you change money - you change EVERYTHING.
fuck the money changers.
When I was young in Public School I was in IGC, That stood for 'Intelligently gifted children'. We all scoffed at the lowers tiers and most specifically the lowest track that was full of retards and glue sniffers.
NOW,...flash forward to 2015
The glue sniffers are all tatt'ed up and have great govt. jobs or unioun jobs.
IGC idiots like me are unemployed.
:(
Financial Managers are another upside down career. In reality these guys shouldn't be making 7 digit salaries. Why would you want to hire someone that expensive to do any job? I believe these guys all underperform the S&P500 and in many cases they lose money in the long run. Its like bringing your car to a mechanic that charges you $1000/hr and takes 2 weeks to repair your car, only to get it back with more problems. What an F*ed Joke!
The Federal Reserve will have a reflection on their own piss poor actions. The magic and denial of illusions will still prevail since taking control, granted in 1913. Another magic act will begin in 2017.
The "Reality" is "Manipulation" which make "Perception" seemingly "Reality" in the S&P 500.
i see the baltic and the commodities crossing over the equities before every big drop. not seeing that now
patience young Pastafarian, the black stuff isn't done falling just yet, deflation will do the rest...
"I like nonsense; it wakes up the brain cells." - Dr. Seuss
"From there to here, and here to there, funny things are everywhere." - Dr. Seuss
Some interlude music:
https://www.youtube.com/watch?v=eYnROWi_SZY
Best on 11
Just shows how completely useless equity market indicators are as a measure of economic and systemic reality.
Yep everything is manipulated,you can't compare the present time to anything.
BT GOD DAMN FD!
OT: BMW's ConnectDrive hacked
http://www.tomsguide.com/us/hackers-unlock-bmws-remotely,news-20385.html
Silicon valley doesnt really need commodities.
iPhones come right from the Apple store.
W do but not big amounts.I work in SV in mfg and if we did have a war the company I work for would be screwed,a lot of our parts are made overseas.
Made overseas with, yep commodoties. Fuck me, you kids are stupid.
A lot of readers here like myself have been through economic downturns before.
This one is different and scary. Why?
I've always said that technology is our biggest threat. That is a big reason small businesses are expiring quicker than they are being created. Multi Nationals like WalMart and MacDonalds would have a much more difficult time expanding like they have done if it were thirty or forty years ago as everything was pretty much done manually, inventory control, accounting and so on.
They move into a town and grocery stores, clothing stores and more feel the heat of competition they can't compete with. Even the local computer store can't build custom computers and compete as a person can buy them from a super store at a fraction of what it costs the little guy to make.
I am a software developer and a project I am working on now will probably cost three or four employees jobs as the machine will do it. I feel bad for them, but if I don't do it, someone will and I need work too.
Go one step further and the drone that landed in the White House lawn illustrates no one is safe, no matter what .gov and Homeland Security thinks it can do.
Robots are working assembly lines from auto to electronics factories. Secretaries, customer service personnel, printers and so many more are losing to the machine and soon cab drivers, bus drivers and truck drivers will be replaced. Who will make money to pay all this if there is no work and the odds of making it in small business are too high to risk? A person also needs money to start a business.
This will blow up, one way or the other.
So if consumers don't have money who will the robots sell their services to? Things will even out after the bumpy ride/ the next 5 - 10 years.
I read Daemon when it first came out in 09'. It seems most of the more scifi aspects are now reality. Kill Decision was released in 13' and already appears to be obsolete. Scary times but good popcorn.
What you are describing is creative destruction and it has happened many many times before. The difference now (and why there are so few new businesses being started) is that we have so over regulated that small time, unsophisticated entrepreneurs are shut out of the markets. If you can't show on paper that you can scale up quickly to a level of employment that justifies the costs of hiring, you don't get any start up capital. Especially in a ZIRP environment that sends the well heeled investors in to hoover up every last lendable buck (or yen) to use in financial speculation.
Let's call this the "luddite fallacy" - machines should be destroyed so inefficient humans can maintain there "jobs".
If we had a genuine economy (which we don't) that was backed by legitimate savings (which it isn't) an increase in the productivity of the worker INCREASES the standard of living. We've been through this time and time again. Yes, initially, in an industry such as the horse and buggy or VCRs, new technology, as the other commentor mention brings about "creative destruction" thus rendering the old industry and it's workers obselte as consumer preferences shift. However, this would open new jobs for those to work in the new industry to to develop skills to build machines in the new industries. The scenario you're describe is several fold, part of it is structural employment which is the fault of the employee to never have a "back up plan" so to speak, as this requires a LOT of time and effort especially in today's economic wasteland where you are required to be an "employee-preneur" in James Altucher speak.
The heart of the problem with technology, which you adequately addressed in bringing up drones, is the fact that the facist US government which all of its stolen "wealth" and ability to borrow and print at seemingly an endless rate, has the ability to regulate everyone into oblivion and has the "funds" and "technology" to wreak havoc on all of us. As Doug Casey always reminds us about living in Argentina, yeah - Kirchner is clinically insane, but at least her government is broke and can't spy on everyone all of the time and start endless wars with everyone.
Unfortunately, in Amerika, I think, we're getting to the point where millennials in particular and people in general will have to increase the mass exodus to other countries, such as Colombia, where the cities are innovating, the climate is warm and the cost of living is still low. Think of Singapore in the 70's.
"I've always said that technology is our biggest threat."
Not really, Technology has given us agraculture machinery. Go back 200 years ago, and farming was all hand work. Millions lose their farm work jobs and the machines replaced them, but these workers found better jobs, either building the machines or something better. Tech has created more jobs over the long term: Cars, trains, electronics, etc all create massive employee opportunities.
Yes, Software automations is killing jobs, there are three issues I see: One Gov't regulation that makes labor costly is driving business to replace workers with machines. For jobs that can't be replaced by machines, they are outsourced overseas. The second issue is that attitude of american workers has become piss poor. They don't give a crap and spend half the working day texting or gossiping about sports, celeberaties, etc. Third is poor worker skill sets. Americans (the entitlement generations) choose piss-poor liberal arts decrees that are useless. Useless degrees creates useless workers.
"Robots are working assembly lines from auto to electronics factories. Secretaries, customer service personnel, printers and so many more are losing to the machine and soon cab drivers, bus drivers and truck drivers will be replaced."
Robots need maintenance and need human guidance to run. Robots just replace heavy labor and are better suited to repeative jobs. Robots should reduce the cost of goods, freeing up capital to buy even more goods. If I have ten dollars I can either by two $5 items or five $2 items. If I buy more items, production needs to increase to meet demand which means more jobs overall. I doubt cab drivers will be replaced by machines. As soon as there is one major accident involving a driverlesss car, the lawyers will go medieval on the manufacturer(s). Since you are a software developer you should know that no computer can be programmed to address an infinite number of rules. It not possible to program Vehicle movement in the real world because of the large number of varibles. Weather, traffic, obstructions, human error, wild animals, fallen trees, and so on. Robots work because they are set up in a controlled enviroment and only have a very limited number of varibles to process.
What will blow up the worlds is declining resources, primary energy, as well as debt and unfunded entitlements. Either 2014 or 2015 will be peak oil production. Every year going forward the world will have to make do with less and less oil. This is like putting a bunch of people in a room with no exits and slowly compressing the walls in. It won't take very long for everyone in the room to panic and trying to kill one another as the blame each other for the crisis they put themselves in.
You have missed out FED QE.
Plot that as well and it all makes sense.
Though the other unexplained blip pre-1999 was the markets reaction to the new internet (the same as the reaction to the new tulips in 1600s Holland - Tulip Mania)
Looks like the jaws of a monster ready to chomp.
“There are no passengers on spaceship earth. We are all crew.”
– Marshall McLuhan
And we are powered by Upsidaisium, and organized in an inverted pyramid command sructure... sociopaths at the top.
Because the Fed and the sheeple have a hard on for equities. The chart even looks like a hard on.
the stock market is the government mandated retirement savings account (like their government mandated health insurance) they've forced you into the arms of the wall street wolf, then turned their heads away when regulation was needed. not only is the federal government on the hook the states are also obligated to meet pension fund shortfalls. if its a hard on, its one of those cialis hard ons, see a doctor if it lasts more than four years.
One need only look at the chart of SPX or INDU since the beginning of the year to realize that the markets have a massive hangover. The trend of lower highs and higher lows is starting. At best the markets are going to do well over the remainder of the year to just tread water.
Short of direct Fed intervention, I don't see these markets going anywhere.
just think how great it is going to be when the FED PAYS you to take money. The S&P is getting free or worse...NEGATIVE INTEREST MONEY!!! The market can go higher when Germany, Japan, Switerland or Denmark and soon the US give you money for taking a loan.