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The "Good News, Bad News" Wreckovery (In 1 Cartoon)
About that 'low-gas-price' tax cut...
h/t @RudyHavenstein
Just to confirm... no low gas price tax cut stimulus...
and about those surging auto purchases...AND DELINQUENCIES
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so more good news since less cars on the road gas will be even less.
Wreckovery. Is that a quote from Elmer Fudd?
Be vewy vewy quiet, I'm hunting the Middle Class. Heh, heh, heh, heh.......
Middow Cwass, but yeah, vewy, vewy, Elmah.
Kill da wabbit
I question the simplistic argument; the Saudi's purposely oversupply the market to force the mothballing of the fracked wells. So, cheap goods are bad? The oil crash in the 80's hurt the energy states. The rest of the country flourished. The problem is not cheap oil, it is the diluted currencies of the world. The underlying commodity - money - is the problem. Something much bigger and more dangerous is going on.
The devaluation of 99% of human life to benefit the 1% if you go down the rabbit hole far enough.
"Change you can believe in!"
"SSSShhhhhh... I'm hunting tewwowists "
"My name is Elmer Fudd, I own a mansion and a yacht!"
Love those Looney Tunes, so apropos for our current insanity.
"I am Elmer J Fudd, millionaire.
I own a mansion and a yycth"
Fixed it -
AlGore is going to have to find a new gig since 'Murika will have a much smaller carbon footprint from all this.
Maybe he and Brian Williams can launch a new news channel.
Perhaps he can expand his house(s) so he can eat up more gigawatts each day.
Yes. And from what I see here...a lot less HOT AIR !
Fiat to zero.
Nature reversion to the mean...until next time.
If Al Whore would just stop talking, we would have global cooling.
HAHAHAHA!!!!! We are so Fucked!
armagovery is next !!
West Coast 29 port weekly shutdowns will also cause issues with delivering any foreign made cars...unless they can float across the Pacific under thier own power.
I saw a Lotus that could do that once. Owned by a man named Bond. James Bond.
Back up the truck! Long towtrucks
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com
Need more recent repo data than 1st qtr 2014.
Hey, if you didn't figure it out in 2007, well, you had your chance and you blew it. Walk, suckers.
Most traders don't have your forsesight/ Seven years('08-'15) is a long time to re~indoctrinate useless basement babies.
I'm giving you a greenie because you were smart enough to identify the problem.
If you want to understand economic cycles, it is all above.
Economic activity down = oil down
Economic activity down = lower income and or fewer jobs.
Lower income and or fewer jobs = lower demand for goods and services no one can afford or lower economic activity.
Spiral.
Deflation.
Which will then set the conditions for inflation or even hyperinflation.
Hmmmm, seems like we need the ability to put on some more debt.
Thats the ticket....
The recent divergence between US Macro and WTI basicly illuminates the fraud in the US Macro chart. US.GOV trying to prevent a recognition of the REALITY of what is happening in the real economy (see WTI for the REAL economic performance). WTI entirely reflects reality. US Macro is just number made up by souless minions in War-Shing-Ton.
Clearly larger lies are necessary.
Spin machine to overdrive...!
Crash,economic pain felt to get rid of the corruption. Then print when everybody learns it lesson . Everything else is just fake.
In Illinois the cheapest gas prices are in the middle of nowhere, most expensive by about $2-3 higher per gallon are in Chitcongo and the collar counties where everyone lives.
I don't see eye-to-eye with the argument that lower commodity prices are not an economic stimulant, as lower material prices lower the costs of production and thereby increase economic return on capital.
Even when one considers the argument that producers of commodities earn less and must downsize, that is comparable with thinking that higher union wages are an economic stimulus because workers get more money.
Cigar, to a point your right but when production ceases and job losses start things begin to shift, dependent upon severity of those losses in production and jobs.
unavailable website screen got me tripple posted sorry all.
Ditto.
tripleguns
Must be a drilling.
There is too much fraud, that is what a bubble is. It was pumped up on fake demand (speculation, manipulation, and misrepresentation). The fall will take us through the floor rather than stop at a new sustainable level because productive capacity is going to be destroyed in this deflation. If cycles were allowed to be normal ups and downs, you would be correct. IMHO.
Lower oil prices are not a stimulant when you have an economy built on waste.
Yeah I have to agree. To be fair, lower prices seem to be indicating lack of demand which is symptomatic of deflating global economy.
Still, whether the economy is growing or shrinking, I want to pay less if possible. I'll take this horse and not balk about it's teeth. Oil prices are not the problem, just a symptom.
Lower oil prices is just another side of the broken window fallacy. The net gain to the economy is at best zero, and more likely negative.
How's that copper treating ya?
Bugs Bunny was real funny while tripping on acid.
I did not know the rabbit dosed...
Where did the term rabbit hole come from.
That rabbit is another matter. Go ask Alice...
When logic and proportion
Have fallen sloppy dead
And the white knight is talking backwards
And the Red Queen's off with her head,
Remember what the dormouse said:
"Feed your head,
Feed your head."
-Jefferson Airplane
I can still see my best childhood friend's face melt every time I hear that song... lol
not even then
Ally Bank , hooked to the hip with GM , plans to increase subprime auto loans from 9% to 15% of their loan biz. Disaster cometh !
http://www.reuters.com/article/2015/02/05/ally-financial-strategy-idUSL1N0VF1P320150205
The good news is that everyone has a smartphone and is connected! The bad news is that you probably should not complain about anything in the same area as the smartphone.
Phones didn't get smart. People got dumb.
Lower gas prices are a good START.
The next gear in the wreckonomy is: J O B S. Real jobs, paying jobs. With > 30 hrs/wk, > Min wage.
Screw you, fat ass Oligarchs! When was the last time you put in an honest day's work, where you actually produced something other than "Death by Powerpoint", a Memo or a PR* speech to employees or Wall St brokers**?
* Motivational speech about being ever more productive against people who are ever more productive.
** Better profit margins via: Global labor arbitrage and sourcing, low-interest loans, lower taxes (to improve EBIT). They had to get an Ivy League MBA for that?
Lower gas prices have already resulted in tens of thousands of layoffs of real paying jobs with >30 hrs/wk, that will surely be replaced by low-paying jobs with <30 hrs/wk. So how exactly will we get to the next gear of this wreckovery with even lower oil prices?
Volume!
Abbie, I detect fear in your words. Don't fear. The bad news is, the news gets worse. The rpicing in these markets has been controlled, now most economic engineering has failed (mostly because the system is so corrupt, new "money" is immediately vaccuumed up by the minions - this means that the most powerful players are now set for systemic failures, with a new system waiting in the wings - a much worse system).
Now you will see (some) actual supply and demand forces at work.. and it will probably not be pretty. So don't assume that those < 30 hr. / wk replacement jobs will be forth coming. Expect no jobs, unless it is you working on your property growing vegge and feeding chickens. You may get a plastic card for a bit, but soon you may need to take a stamp on your right hand or forehead, showing fealty, to recieve some form of subsidy, or such is prophesied at any rate - which seems to be the way Luciferians roll.
I probably wouldn't recommend the stamp. A little prayer I would recommend.
Back in 1955, a Detroit factory line worker made $50/hr in current US dollars. Sometime in the late 1980's, the money center banks decided that investing in offshore manufacturing was much more lucrative, and engineered a "strong dollar" for "The New Economy." When both the AFL-CIO and the NAM (National Association of Manufacturers) aligned to petition Congress to stop the exodus of work by letting the dollar fall in line with the current account deficit, instead they got an economically clueless and bought POTUS (guess the name) who repealed Glass-Steagall and opened the borders to the goods. What is particularly galling is that the same self-serving banksters and sycophants that captured the Fed and US Treasury, not to mention the SEC, are still plying the trade. Which at this point seems to be to keep repeating The Big Lie: there is an economic recovery in the US. Wreckonomy indeed! ..end rant..
The good news: Tickle Me Elmo, was a fun toy.
The Bad news: Tickle Me Elmo, was a pedofile.
The moral of the story is, "be carefull with stuft toys that offer comfort".
Examples; CNBS, TOTUS, Squids, Brian Williams, Car salesmen, Pentagon, Fed. ect~
lol
No worries ..just refinance your car loan and reduce your monthly payment.
Sure just roll your student loan, credit card debt, mortgage, payday loan ...etc into one manageable package and start all over again.
duh! We still have HELOC...extend and pretend bxtches!
uh, gas is on its way back up
Saudi production , I believe is the key to supply price.
Pennsylvania Gas price went up due to Tax increase, not alone in that.
Internet access set to go to the moon in two weeks with new regulations from FCC.
Drought and high silage prices are the reason Pork is now the meat you eat instead of beef.
Very liberal loan terms are the basis of most repos and foreclosures.
30 hour work weeks with excessively high health insurance deductibles and premiums put the working middies and poor at risk.
Fraud and under handed dealing goes unpunished, no rewarded, at every level and sector.
This is a difficult mind problem for many to solve but success depends on one key common factor to all of the above statements.
Your Government at work.
Pretty funny cartoon. Pretty shallow points.
Can the folks at Zerohedge start to show a little more balance? I am losing interest.