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2015 US Economic Data Is Worst Since 2009
As Steve Ricchiuto explained to a stunned CNBC audience, the US economy is not as awesome as the narrative would proclaim. In fact, based on the underlying data (as opposed to anecdotal perspectives like Jim Cramer this morning dismissing hard data - "I am no longer using these aggregate retail sales reports" - in favor of rose-colored glass half-full CEO expectations from earnings calls) 2015 has seen US macro data deteriorate and disappoint the most since 2006... and weakest absolute start to the year since 2009.
Umm, Yellen we have a problem... worst relative start to a year since 2006
Not decoupled at all.... worst absolute start to the year since 2009
But there is one decoupling...
Charts: Bloomberg
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Print fasterer ;-)
you mean get fucked/fleeced FASTER
lol...its for your own good dontcha know, these are the very best & brightednest financialized wizards of smartness power the planet has to offer!
Its all about Equaliteee!...and the law givers.
Suck on it serfs ;-)
Basically Jim Cramer is saying, "I reject your macro reality and substitute my own."
He's singing to his choir. In his mind the worst thing that could happen to him is if he becomes irrelevant. He already is, but not in his mind....which is all that counts.
but I thought "Everything is Awesome"?
https://www.youtube.com/watch?v=StTqXEQ2l-Y
There's never been a better time then now to be a Banker.
Yeah, it’s great to be banker now! But the party has to end eventually. People are waking up to their lies. I wouldn’t want to be one once we hit critical mass. I try to educate my friends and family on the real state of our economy. I talk them about how the Federal Reserve is a private organization ran by the banking cartel. How they can’t print an entire nation’s currency supply, and not have an audit. I show them pictures comparing the dollar to monopoly money (do startpage image search on ‘monopoly money vs us dollar’)
If someone is starting to get how worthless the dollar really is, I like to give them once of these candles with a silver coin prize (https://www.etsy.com/shop/ScentSavers?ref=hdr_shop_menu) . They will see first hand that their silver coin is worth over 12 times its face value!
Rather than eliminating them, the Dodd-Frank legislation has created a greater number of larger, too-big-to-fail banks.
I know bankers are as popular here as guys named Moshe in Sauid Arabia, but are we all so sure it is a great time to be a banker? They are not making or paying much on loans and they know the game is rigged as well by the Fed and other central planners. They have loans out that do not get paid in a severe downturn. I did not look at the latest P&L's but they could go 2008 again and worse. As long as we can limp along they can get along but they are not financing into any roaring economy.
Oh My Good Gracious!
Cog, did he really say this??
"I reject your macro reality and substitute my own."
What a truly BIZARRO world he lives in!! Making up his own reality and all .....
If things are so bad then why did the S&P make a new all time high just now?
I call it the Obama affect, where everything is a fucking lie and what you see and hear is a distortion of the truth!
you mean the "liberal effect" with a "Williams curve". All President spin their information it is suppose to be the media who get the scoop. Now we have the media aiding and abetting
You mean the same "liberal media" that brought us the yellow cake in Niger and WMDs in Iraq stories over a decade ago? THAT "liberal media"?
Some liberal media.
There IS no liberal media. The conservatives who own all of our media outlets would never allow it to be. Statist media, sure. But liberal? Not on your life, peasant.
Statist media? Maybe. But conservative? Not on your life, delusional elitist.
If true conservatives owned the media outlets, would they hire the likes of an Al Sharpton, a Rachel Maddow, a Brian Williams, an Arianna Huffington or a Paul Krugman? Would a conservative owned news media downplay the IRS targeting conservative groups as right wing paranoia?
There are about six corporations that control 90% Of the media outlets in America:
http://www.businessinsider.com/these-6-corporations-control-90-of-the-me...
Progressives will deny the media has liberal bias unless they have images of Marx on their headers. Every poll has shown the vast majority of those working in media vote overwhelming democrat and we see presidential debates moderated by Fox boycotted by the left. And Fox, while presenting more conservative perspectives, has removed every real conservative voice to maintain their sycophant desire to get democrat approval. Every analysis of reporting shows absolute liberal bias. The media IS the mouthpiece for progressivism and as it has not been 100% effective in its desired effects, progressives will claim it the bastion of conservative ideology.
Damned funny if not so sad. Every seen a conservative school of journalism?
The widely held assumption that major media outlets uniformly tilt to the left does not match reality. If anything, the media often appears to tilt to the right, and especially on issues related to finance, banks and corporate culture.
Anybody who can't see the blatant left wing bias in the media has a special level of stupid that is beyond hope.
What crap. Apparently you have never watched anything on TV, because you obviously do not know what, or how they report.
+1
Indeed!
If you like your decoupled S&P, you can keep it.
Yes we can !
.
Absolutely, Dollar, when I made the empircal case for the Casino's in Atlantic City cheating, the argument was made, they don't have to cheat, they win anyway.......to wit the software engineers that set up the roulette wheel told me......THEY CHEAT SO THEY CAN TAKE EVERYONE'S MONEY THAT MUCH FASTER ! Sound familiar ??
But, but, 70% of the companies met or beat analyst 4th quarter estimates...
It's like we should be surprised.
Why else would Barry & the NeoCONS try to distract the USSA sheeples with Global Wars?
When things are going well then WAR is put on the back burner; when they're not well . . . .
How the fuck can you ignore that? Insanity reigns supreme in todays upside down world...
Yabut 100% of individuals who subsist entirely on gov't benefits say everything is hunky-dory.
Yabut how many of those could there possibly be? Oh.... uh, nevermind.
Out of so many, how is it that so few understand what is transpiring here. This is not algebra, calculus, robotics or forensic science. None of this needs a doctorate, a college education or years at a Harvard Business school. It is so fucking simple and makes perfect sense with facts to back up all of the commentary, illustrations and comments.
What has happened to this once great, intelligent country?
Please, don't answer. Oh, never mind, answer!
You are correct, it is common sense.
Unfortunately, we as a nation are lacking in that expertise and it is not taught anywhere in our current education system.
Edited to answer:
"What has happened to this once great, intelligent country?" It has been intentionally 'dumbed down' to forward the Cloward-Pivens Agenda.
Simple common sense and critcal thinking will lead you to the rabbit hole. Once there, it takes balls to accept/rethink what you are seeing, then adjust.
+1
Yes, it does indeed take balls of steel to take the 'red pill'.
to the
You became colony of type 0 of Federal reserve
Deficits don't matter, Debt doesn't matter, Porn-Charts don't matter.
Empty shelves, or non-working EBT/SNAP cards matter. Hedge accordingly.
Deficits and debt are going to matter when the FED gets audited.
Here's the rub.. the worstestesterer economy leads to higher and higher stock valuations
Fundamentals and data points only matter when there's no more disturbance in the farce
We had nothing but darker and bleaker outlooks since 2009 and S&P has tripled Bad is good for stocks and good is going to be bad for stocks
Germans have reportedly abandoned the market in large numbers despite the DAX run from 5000 to 11000
Fewer remaining participants and the index has increased, at least in Germany. Probably massive stock buybacks with corporate bonds just like in the US.
Where are the indexes 5 years from now? Double from here or cut in half? It's nothing but a gamble either way until QE ends and rates normalize.
Don't matter. Obola say we in recovery.
One man's recovery is another man's depression.
The fed needs to buy some macros.
Nothing we see make sense anymore. It all bunch of crazy people running around the place all time now. I don't trust them. I don't trust anything. I get out, man. I go save money in little interest bearing account where no risk. I sleep good now. No have to wake up in middle of night to see what happens anymore. I live lot longer, I think... because I no worry anymore and don't care about rest of world.
It dosn't make sense because there is SO MUCH printed money looking for a home.
Take good care, Arthur. And good on you for not trusting and doing the best you can!
Instread of capitalism we have creditism. The Federal Reserve will keep pushing assets higher with greater and greater amounts of QE.
QE cannot stop and it won't. So 100% chance of QE 4/5.
QE must continue otherwise it's a depression.
keep your f'ing datum outta the markets NEW HIGHS!!!!!!!
More record highs and QE to infinity.
Worst since 2009? Not if you seasonally adjust it enough!
hey, the buck starts here.
The bigger the bubble the more dramatic the burst.
Of course if we have "preventive war" and "pre-crime" why not have "pre-plunge protection"?
Kinda like bailouts on auto pilot. " Not even your own Government understands why they must.
BUT THEY MUST!"
Oh, yeah. America The Bagholder.
Wall Street is gonna take it to us even worse this time.
Hate to break it to ya folks but The Bunker just wasn't big enough, the Lunar Lander not strong enough?
WE ARE TOAST!
what's the plan, Stan?
LOL, right? I have never been able to understand his posts!
I'm sure they have a message ... somewhere (over the rainbow)
*-*
If things get all endtimey here, what's a good strategy?
I can't move to New Zealand, and I don't have any fire arms.
Are tribes and clans going to srping up to take care of their own - or is there going to be some kind of government monthly allowance instituted (GMI) in order to keep the US functioning?
I'm really not looking forward to any one world government scenario, since even at the local level governments don't seem to give a fark about the average citizen, so just imagine what a giant one world government would do.
Something's changing though. The jig is up.
Deleted.
You just slip out the back, Jack
Make a new plan, Stan
You don’t need to be coy, Roy
Just get yourself free
Hop on the bus, Gus
You don’t need to discuss much
Just drop off the key, Lee
And get yourself free
"All these years, the burden fell on the poorest. Our aim is to restore the sense of justice."
Somewhere Over the Rainbow - The Wizard of Oz (1/8) Movie CLIP (1939) HD
https://www.youtube.com/watch?v=PSZxmZmBfnU (2:42)
Winning!
invest in pitchforks, torches, and ropes?
Whoa, Obama said the economy is going gangbusters. You bette rrecheck your "data", you rayciss haterZ!
Who knows what evils lurk in the hearts of men?
The shadow do........
http://www.afr.com/p/business/financial_services/reserve_bank_and_canber...
http://www.smh.com.au/business/abs-chief-david-kalisch-dont-take-the-emp...
at least they dont pretend these stats are anything more than crap
you don't need an economy if you know how to BTFD
not so fast
Here in Ranch Mirage (visiting the bro) this is the best economy anyone ever saw. The only economic data that mean any thing are the closing prices on the NYSE. Today Visa (V) closed at $267.
Capisce?
You guys should hang with moar richies.
Either the macro data picks up or corporate profits go down. It is that simple. There is no other outcome possible. Do the math.
P/Es can't keep expanding forever.
wasnt 2009 the beginnig of the recovery? better buy now.