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When Wall Street's Weathermen Begin To Panic
Having promised silver-linings after each and every disappointing data item of the last two months, it appears even the sell-side's most ardent optimist has thrown in the towel (along with Goldman) as Deutsche's Jo Lavorgna stokes the "no rate hike please" meme after today's dismal durable goods data...
#Durablegoods orders excluding transportation were down -0.2%, the 6th drop in a row which hasn’t happened since recession.
— Joseph A. LaVorgna (@Lavorgnanomics) April 24, 2015
What made up his mind?
As it seems the sell-side is waking up to the possibility that it's not just the weather...
As a reminder... it was the weather...
Now it seems real!!??
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Savers and pensioners need a rate rise, and then the real economy can get some money instead of the corrupt one. Set of thieving bastards
Back currency to gold then we'll talk about what needs to happen.
Again... So when does this "den of thieves" start killing each other to get out of this lie of a ""market"" they created?
Watch for something like another another "666" SPY order or some such omen to start the bloodbath.
Oh yeah.. And we better put on some splatter proof trash bags when it starts.
And stock up on scotch in the mean time
Or Luksusowa and cabbage rolls!
And some helpful terms when you go to Polka hour:
http://www.polamjournal.com/polka/poldict.html
It's amazing what you can learn here
Like it or not.
When all you have is a hammer, all the world is a nail. Reality must be avoided at all costs, since it would break the magic money machine......
Todd Gross, TV Meteorologist: Look, look at this. We got Hurricane Grace moving north off the Atlantic seaboard. Huge... getting massive. Two, this low south of Sable Island, ready to explode. Look at this. Three, a fresh cold front swooping down from Canada. But it's caught a ride on the jet stream... and is motoring hell-bent towards the Atlantic. What if Hurricane Grace runs smack into it? Add to the scenario this baby off Sable Island, scrounging for energy. She'll start feeding off both the Canadian cold front... and Hurricane Grace. You could be a meteorologist all your life... and never see something like this. It would be a disaster of epic proportions. It would be... The Perfect Storm.
… whether he can or whether he can’t weather a spell of bad weather !
A suit coat hanger has more value than this POS
Joey Baloney strikes again! He's as accurate at guessing where lightning will strike too.
Please, please Mr. Sugarman give me MOAR SUGAR!
Hey it's all gooood! The worse the news the bigger the Fed's POMO purchase order!
What QE?
lolz
"How could we had node things were gonna be so bad? " - Taper Monkeys
We had to jew a few people.
With the recent changes to the Atlanta fed GDP chart~ the Atlanta fed gpd now is so GDP earlier this month as all they did was call it GDPnow and put the chart on DELAY as I knew they would the second they call it NOW like taking candy from the babies!
The Feds control what the GDP number is (they control what the inputs are) so if its going down, it is doing so cause they want it to.
Make it RAIN!!!!!
After 6 years, 6 fucking years they're still trying to pretend that the economy is good and yet can't raise FED FUNDS rates even a .25%. I know its been said for years and years but I'm bored and can't believe that even a .5% or 1% could kill this great roaring economy. There I fixed it for you sell side analcysts. The whole world ponzi, is letting anyone with any sense at all know, that its a ponzi.
Joe I know it's hard to understand with your big forehead and all so I will say it slowly; it's not a recession, it's a D-E-P-R-E-S-S-I-O-N.
pretty obvious when you subtract the annual growth in debt from their dismal growth numbers, the economy's been in decline for years, and with ever larger gov't accompanied by more rules, regulations, and taxes we're losing our ability to compete and come out. we've already squandered most of the wealth and prosperity of centuries of hard work as supplier to the world for idiotic feel good wealth redistribution programs....it's all about pretending
1.3% GDP Growth doesn't cut it while the Fed Gov't ontinues to add to our debt at a rate of 5-10% of GDP...which doesn't include include the Fed's funny money inflation stimuli devaling the cash in our pockets.
"Severe weather" my ass. Everyone I know gets up and goes to work unless they are literally snowed in with blizzard. You don't don't go to work, you starve. What a pussy.
Steady as she goes. Been that way for 6 years and can continue for another 6 with no problems.
I can tell things are getting bad cause every tick in the market is to new new all time highs.
It would be nice to have Joespeh LaVorgna stop by my central Texas wine+spirits store; if not to just witness his behaviour, then to at least see what arrangment of ethyl alcohol he prefers and at what price point...there is much to be noticed in the human's behaviour in the taxable sin den (seriously, Karl Rove's behaviour (and his wife's abesnse of it) spelt out much that the MSM could never afford me).
Don't you mean Joe Bologna
Scrap steel 125 a ton , #1 copper 2.28, brass holding up the best at 1.30. Deflation bitchez
damn i've lost my job cause the weather !
Head to DC, where it rains gumdrops and lollipops. Go hunt the wiley skittles shitting unicorns. They've got your money.
Welcome to your recession. Now what?
Someone should send the picture of all of his "weather" excuses to him. Wonder if he even realizes that he blames the weather that much? It's comical (or pathetic) to see all the weather references like that.
Alex Jones vs The Mainstream Media https://www.youtube.com/watch?v=bc4V0thnpqE
Its an election year. In 1979 the Fed raised the rate to an unprecedented all time high, for no apparent reason other than to make Jim Carter repeal anti-usury laws and to financially crush the voters, blaming him. Reagan didn't win, Volcker's international criminal syndicate did. Expect the same.