This page has been archived and commenting is disabled.
Mizuho's Ricchiuto Wipes The Floor With Deutsche's Lavorgna: "Why Do I Even Bother?"
The last time Mizuho's Chief Economist Steve Ricchiuto was on CNBC, we suspected he would never be invited back. However, today, he dared to unleash the truthiness of the US economy, debating 'truth' with none other than Deutsche Bank's meteoroconomist Joe Lavorgna. As soon as Ricchiuto stated unequivocal 'facts' about growth, productivity, and earnings; the smiling Lavorgna started talking over him to which Ricchiuto blasted "why bother... why do I even bother?" and Lavorgna fell back to the "well he has been short the market for 400 points" argumnet which Ricchiuto rebuffed aggressively...
One of these guys is thoroughly pissed off... the rest are smiling.
The fireworks begin around 3:00 (but watch the intro for some facts)
As a reminder, this was Ricchiuto's last appearance...148 seconds of awkward uncomfortable truthiness...
While Steve had a number of hard to hear quotes for the CNBC anchors - such as:
"There is no acceleration in underlying economic activity," and
"There's this wrong concept that I keep on hearing about in the financial press about the acceleration in economic growth... It's not happening!"
A stunned Simon Hobbs rebuffs, "That's a long list of non-ideal situations we find ourselves in," to which Ricchiuto snaps back "and we can keep on going!"
"After a string of dismal data on durable goods, retail spending, and inventories, we get a good jobs number and everyone saying the economy's good - it's not good!"
* * *
And here is why Joe Lavorgna gets paid the big bucks...
»
- 147464 reads
- Printer-friendly version
- Send to friend
- advertisements -
let it burn
Look at 'is 'ead mon, its 'uge!
https://www.youtube.com/watch?v=IqycJpRdVaY
Regards,
Cooter
Joe said: "Stocks peak right before the onset of the next downturn."
I am speechless. I mean, truly stunning and amazing insight these banker whores have.
Was that Harvard? Yale? Amazing......
TPTB dont want to fix anything...they like slaves.
RIPS
The DB culture, more than any, rewards rewards the biggest liars....always has, always will
Pronounced the Douche Bank.
Joe LaVorgna has a sensitive clitoris.
If he is the chief US economist for Deutsche, why am i not selling every ounce of precious metals i own and shorting DB stock? Please someone talk me off the ledge.
Why bother
Lasagna looks like Smeegle from Lord of the Rings
It's totally surreal when most talking heads/economists including that fucking liar and moron Lavorgna use 100% made up numbers as basis for their entire work and belief system. The whole economy and 99% of the people involved look like a Monty Python sketch. What a fucking mess.
MASSIVE FREQUENCY LIST!!!
With all the talk of "fun camps for adults" and troops runnng around people's back yard, we thought now might be a smart time to make sure our SIGINT is all up to date and good. Here is a massive list of frequencies for y'all to plug into your scanner or shortwave receiver. Make sure you have lots of extra batteries too!
A few notes about the list:
* This was compiled from recent and trusted sources, not lists floating around the internet since 1994 for radio systems long since sent to the landfill.
* Many government agencies share frequencies and INTEROP channels, so the list may not be 100% on who is doing the talking.
* The list is for national frequencies, obviously we cannot list for every LEA in every county and town.
* Many frequencies listed as business are also used by GOV.
* A P25 capable scanner is best, assume that the frequencies are APCO-P25 but you may be able to pick up analog FM conversations.
* Most of the important P25 traffic will be encrypted. Most INTEROP will not be and chatter is still chatter.
* Canadian frequencies have been included for those in Canada and close to the border.
* Even though analog TV and analog paging has largely been phased out, frequencies have been included both for historical reference and because old gear can be turned on post-SHTF.
* You can achieve faster scan rates by entering frequencies from lowest to highest and not randomly (eg. 154.100, 154.200, 154.300, etc)
* If you only have a scanner, just pay attention to the left-most column. The second column is for repeater inputs and the third is for tones.
* Remember when to practice radio silence and remember that Charlie is listening!
http://www.filedropper.com/frequencies
Joe kinda looks like Timmmaahh?
"Lasagna looks like Smeegle from Lord of the Rings"
More like Larry from the three stooges. Deutsche Bank has been taken over by "Dewey, Cheatem & Howe".
"Joe LaVorgna has a sensitive clitoris".
Thanks for giving us the porn watchers view. It is way underepresented here at ZH.
His clitoris is highly sensitive to weather changes.
Flapping in the wind?
Judging by his tweets, that cunt should have been a meteorologist.
Ha!
You can't question the experts! How dare you.
Everything down is a sign to buy the dip. Every thing up is only a confirmation that its getting better. Everything in the middle is a sign of life...yet another opportunity to buy.
When you're selling, there is no down side. The worst that could happen is a crash in the markets (like I give one flying fuck about the markets) and historically they always come back...in five or ten or twenty years. So what's the worry?
I giggled
...and peed myself.
Funny
I hear he says buy low sell high too! The guys a fucking genius
I wonder if the converse is true. Do stocks bottom right before the onset of the next upturn?
Maybe we should ask Joe for his insight.....
Indeed. Basis the video, my thoughts were 'Lavorgna is a dick'. But what do I know?
DavidC
Gossip and cat fights from CKGB?
Why?
CNBC is doomed anyway.
It will be gone in a year
So why give a shit?
Algos still watch it.
Won't anyone think of the algos?
A whopping ratings mark of 177,000 watching that tripe so they fire the messenger. I wonder of that 177,000, how many had it muted as I, when I watch it.
One guesses that a huge percentage of those 177,000 are lobbies, waiting rooms, and lounges.
Isn't CNBC the Shark Tank channel?
If it is my brain dead wife and son watch it religiously.
At present I think it may be the offset channel to those DWTS and Surviror fans...of which both wife and son are fans of.
CNBC idn't goin' anywhere.
I can only say one thing:
Fuck those guys!!!
Tell me one thing most here don't already know. I've heard it will crash bla, bla. It almost did in 2008.
Or did it really. Yes for everyone in the growng bottom rung. Some of our kids, friends and family have been affected or better yet INFECTED.
Fuck those guys!!!
Definition of HELL: spending eternity with Joe La BoringYou and Steve LIESman
Did 5 head just say, "stocks peak before the onset of the next downturn"?
Holy shit i wanna knock that stupid grin off his face
edited cuz I'm so angry I can't type
You'd have to get in line to light him up.
Dick with ears.
If you were making a few million/year plus a new secretary to blow you each month, you'd have a cocky smile too.
"Holy shit i wanna knock that stupid grin off his face "
Patience. All accounts wil be settled shortly...
Your account will be settled in hyperinflated cash that is restricted from withdrawal at your bank by a thirty percent withdrawal tax.
Thank you, happy citizen.
My last pay check was $9500 working 12 hours a week online. My sisters friend has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. This is what I do... www.jobs-review.com
it was easy? or you were Easy.. lets be clear here..
https://www.youtube.com/watch?v=-rdmG0k8S8k
Lavorgna: Deep Thinker
Joe LaVorgna is really Timmy Geithner in disguise?
Right?
So he pulls down two salaries now, one from Warburg Pincus and one from Douche Bank?
So that's why he's smiling.
TPTB are banking on the TPPA making these kinds of discussions either history or illegal.
Just u wait to see what the New World Order's idea of "hate speech" really is!!
and if that doesn't work-well then there's always the DRONZ!!
Joe LaVorgna looks like the asshole from every 80s movie.
yeah he just needs a sweater tied around his neck and a red fiero to complete the look.
A red Fiero. That's freaking funny.
For the record, LaVorgna looks like Harold Ramis (Egon from Ghostbusters, plus a milliion other comedy movies)
If you could peal the skin off his head, he'd look like the skulls they keep finding in Peru.
http://geekologie.com/2011/11/18/alien-skull-4.jpg
Peter MacNicol, Ghostbusters II.
He reminds me of Timmy "TurboTax" Geithner.
And both resemble Beavis.
+1 for the Beavis reference.
So I watched the vid and agree with the fat guy and think the the Geithner doppleganger is a fucking moron but the real problem is that most of the mentally challenged population will take away the exact opposite from the clip and think The Douche Bank fella was the boss.
Kinda like the same way the Empty Suit who sleeps in The White House can barely put together a couple sentences much less a coherent thought and yet, AND YET even those who oppose everything the man does will go to great lengths to say how fucking intelligent he is.
So when Lasagna, Loboringa or whatever his alias is makes statements like "Stocks peak right before the onset of the next downturn." he is viewed as some sort of fucking guru.
The tweet list is fucking priceless. But then Winter is a new phenomemon so...
Reminds me of the dickhead from Billy Madison
"Eric?!? You can't give the company to Eric! He is a bad, bad man"
Heheh.
lulz he does remind me of the dweeb (Burke?) from Aliens
Burke: Okay, look. What if that ship didn't even exist, huh? Did you ever think about that? I didn't know! So now, if I went in and made a major security issue out of it, everybody steps in. Administration steps in, and there are no exclusive rights for anybody; nobody wins. So I made a decision and it was... wrong. It was a bad call, Ripley, it was a bad call.
Ripley: Bad call?
[Ripley grabs Burke by his vest, shoves him against a wall]
Ripley: These people are *dead *,Burke! Don't you have any idea what you have done here? Well, I'm gonna make sure they nail you right to the wall for this! You're not gonna sleaze your way out of this one! Right to the wall!
Yes! You nailed that one on the head!!!!
Douche Bank = Douche Employees ?!?
He could rent that forehead out for advertising space. Fkn thing is huge.
Too bad there is nothing behind...
Joe LaVorgna literally has a big head. He naturally looks like a bobblehead.
...
Yep.... he should meet up with Joe Black from the late 90's.
Lavorgna is exhibit A for smug, manicured, punch-me-in-the-face-please market cheerleader cum economist. Arrogant twerp.
Lasagna reminds me of a dumb version of Ackman
Hey Ricchiuto, being ridiculed and laughed at by the noiZ-media's talking shills is Schiff's job.
Liberty is a demand. Tyranny is submission.
P.S. Always check your breaks.
Every asshole from every 80's movie""
His boyfriend will get mad at you!
"why bother... why do I even bother?"
I find myself saying that a lot
Doesn't he understand that nobody wants to hear that shit? They just want further confirmation to buy, buy, bye, baby.
I said the same thing, in different words, to my boss several times today. He gets what I'm saying and agrees, but looks at me like "You shouldn't be telling ME this stuff." He's a working manager doing the same job as me, so he gets it. He just can't condone my shitty attitude.
No serious person gives a shit about the clown show, good for some laughs maybe. We are approaching waterfall status, see what happens.
Everythingz AWSSSSSUUUM, when you pimp for the team,
life is a front running FED printing, CNBC dream
dribble and riddle me that Liesman.
Schweinhundts. Dus $ 4 B investment in das Casino....VUNDERBARRRRR...
how about next year...steal from the rich and give to everyone else. Confiscate all capital gains/income/Bonuses all financial players(Buffet, Goldman, anyone that has donated to Obama).....and lets see what happens. Everyone making less than $1 Million ZERO INCOME TAX anyone making ZERO get a onetime $75k! Then see what happens to the economy.
Lavorgnanomics: the study of consensus-based economic forecasting that blames all bad outcomes on non-economic variables, while giving full credit to government for positive outcomes.
All bad outcomes get revised later to be positive outcomes. What a circus!
Putting the rest of us critical thinkers in straight-jackets is precisely their objective.
Fuck the lot!
Joe Lasagna = Fucking Banker fuck shill
If we would just have those nice warm winters with no snow in the north that little prick Lasagna might be correct. Mother nature is a bitch, every year she brings winter. Fuck you Joe and take Dimon's dick out of your ass when speaking
And if the Patriots weren't cheating fucks....
Fuck football too. And boxing.
Trickle down Morality from TPTB...
Or as a skinny kid from Minnesota once said, "You don't need a weatherman to know which way the wind blows."
"I don't think stocks are peaky, stocks typically peak before the next downturn. "
I gotta get his job.
"stocks typically peak before the next downturn."
I didn't watch the clip, but he actually said that? Oh...my...God...
Stocks ALWAYS peak before the next downturn. They would kinda HAVE to, wouldn't they?
On the flip side; stocks always hit a bottom before an upturn.
Lol!
I caught that too.
What a retarded fucking comment. And the smug fucking look on his ugly fucking face with the oversized forehead just makes me want to kick his teeth in.
I feel better now.
Joey Balogna is Douchebag Banks ultra permabull come rain, sleet, or hail there he will be buying all the things at a higher bid.
'Stawks usually peak right before the downturn'....LOL that's the Ivy League grade shit that gets you a 7 figure salary? Pathetic.
Another Wall Streeter wanting an appearance on the Weather Channel.
Clueless. DB deserves this schmuck...........
Joe La Bologna is a barrel of laughs. I guess he missed the deficite blow-out and how Q-1 GDP will likely be revised to negative.
Joey states all the things will be revised higher shortly.
Another reason to never do business with Deutsch Bank again.
Whomever decided to put that d-bag on TV should be taken out and shot.
The twitter "weather" report is also priceless.
PS All those lavender shirts and ties are a sure sign of underlying mental illness according to the Luscher Color Test and the APA.
The twitter feed is definitely priceless..!! The kind of shit that keeps me coming back for more. Well done, Tylers...
Might as well get economic news from the weather man who needs these other ppl
Fuckin' yuppies.
I have been using Lavorgna as a contrary indicator for years he is the ideal "talk my book" perma bull. He is the epitome of a hack. Who knows how long the ponzi scheme goes on but today we had Yellen leting the cat out of the bag "stocks are high" that my droogs is the tipoff that in a short time we go down 10-20% easy. Last time bernanke did the same to cover his butt later it was not immediate but when it hapeened it was shit storm and this time will be no different.
theeseer:
+1000 for the droogs reference.
Bernanke? Was he the derivatives expert?
droogs? I like that too
Tom Waits - Strange Weather (Acoustic Demo)
https://www.youtube.com/watch?v=02oKHUCvqVs
have to come back at ya with a Emotional Weather Report
https://www.youtube.com/watch?v=-sUyYGLTUss
Tom Waits
Well since I we're watch CNBC you might need a
Step Right Up
there must be something to this waits
shit cause it never gets old and i
really can't ever get enough of it.
thanks.
it is the kind of thing that makes
a person wish for more hours in a
day, it must be good. ipso faco and all
that.
https://www.youtube.com/watch?v=whPzJbntlnY
seems more appropriate
imo, this is an extend and pretend to get us through the 2016 presidential election. Pass the buck to someone else.
That's what we heard all thru 2010....all the pumping was just to get Obummer his 2nd term, then all bets were off. Using this hypothesis, stawks would never have to fall again because there's always some election coming up.
LaVorgna keeps on tweeting #notanksinbagdad until the barrel sticks out of his nose. What an unbelievable douche(bank)
CNBC is still on?
The CEO channel.
Eighth wonder of the world that electricity is still used to bother transmitting and receiving the rubbish.
Well obviously Joseph LaVagina is on form!
Something stinks... quick, someone call a gyneconomist!
What a Meatball that Joe Lasagna is....
Half Baked.
ps
How many funny variations can we have on this guy's name?
I'll play!
Joe Scleroderma
Joe Will Cornya
I'll play.. J. Geitner Jr.
Cal Lavorgna
As ethically and morally bankrupt as the state.
Joe Jabroni.
I can't fucking stand pricks who learned to "win" debates by talking constantly over an adversary. I see that all the time these days with certain types of people in business and politics. It's the moronic, "He who shouts loudest and drowns out the other guy wins". It's such an obvious cheap trick I wonder how they could possibly think it is a worthwhile tactic.
Reminds me of this Ron White classic...
https://www.youtube.com/watch?v=L_B8joWR8BY
'debating' such people is similar to waging war on a tactic
Talking heads just keep repeating the BS
Joe LaFornicateya, a member of the Joe (Kernen) Claptrap Club
CNBC=Insanity
The fat guy reminds me of Dennis Nedry from Jurassic Park. He's right, but very very fat and people tend not to take fat people seriously.
What about Oprah, The Buddha and Alex Jones?
For every Buddha, you have a Jerrold Nadler, or Guv Christie.
Sounds like a threesome to me.
There is no US. It is gone. People need to start using new words already. What planet am I on for crissakes.
Was lasagna the model for Beavis or Butthead I forget.
Which one had the forehead?
he looks more like Butthead, without the braces, and much whiter teeth thanks to Dr. Zizmor
U.S. = Unsavory Spectacle....
"My baloney has a first name, it's J-O-O-E-Y
My baloney has a second name its' L-A-S-A-N-Y-A
OHH... I like to eat shit every day...
and if you ask me why I'll say...
... cuz Deutsche Bank has a way with signing my pay checks, every day..."
"how's that ?"
I’m proud to say I have never once been swayed by anything Joe Lavorgna said.
However, I do admit to once buying a used car from a dealer.
Beavis' and Tim Geitner's long lost abandoned love child.
dafuq?
that was disturbing.
Lavorgna assclown, smiling and laughing, talking over Steve...
and the douchbag hosts.. boys boys.. great converation. all that for alike 20 secs worth of info. thats what passes for tv today. 20 secs, of bullshit.
and now a note frfom our sponsor.. jpmorgue...
long guillotines bitchez
P < P + I
Watch closely - Lavorgna's title is "EONOMIST". Explains it...
Like we never had freezing weather ever before. What a friggin joke.
How many times did that pussy mention "revised upwards" or "revised"?
Just go ahead and tell it like it is Joe, a fucking sham.
It's revised until they get the numbers to match the narrative. It's odd how they all focus on the numbers but fail to see that the patient is dying.
Never trust a guy who smiles a lot.
Sharks smile right before they eat you.
Joe correctly indicated that rising 10 Year yields in the 3.5 -4% range would be a problem for the economy. Problem is, he doesn't think it's going to happen... he's wrong.
http://www.globaldeflationnews.com/10-year-u-s-treasury-index-yieldellio...
People are so morally bankrupt; they can't even have a civilized discussion...we have reached the "point of no return" as a nation (people) and world. Since we have turned our backs on the fixed moral standards, given to us by the Being who created all beings, that are given for our good; we have rejected them and the result is He has rejected us and who can blame Him? No one successfully. We are broken and beyond repair; each and every one of us from the top of the heap to the bottom.
------------------------------------------
One generation plants the tree and another enjoys the shade; what shade have we provided our children and grand children? See California as a practical example of what we have done; all of us. https://www.youtube.com/watch?v=NMlv21zGARM
---------------------------------------------------
To the thumbs downer; truth and reality are one in the same....come back to reality or keep your head in the sand. There is one Hope; His name is Jesus Christ. Spend 5 minutes thinkg...oh never mind; what's the point...be damned.
Don't use the words Moral and Bank in the same sentence.
Because there is no such being, by calling upon the moral authority of it, you actually create the deepest core of the deepest corruption.
The lie that there is a god is the biggest lie that ever was told and it taught everyone else that to lie is to live and to lie a lot.
And they are.
You reap what you sow
how come buddha never met him? is he racist?
Please don't use Jesus as a scapegoat. He realized 'Truth' and tried to parlay it. All the BS about 'saviour' and such being 'literal' is ignorance and fear's friend. Those things are 'metaphysical'. No one returning from death coming back to help you. Understand his teaching and forget the BS. My guess is he would reject 100% of those who call themselves 'Christians' today....
Lavorgna looks like Timothy Geithner; maybe that explains his demeanor. Why bother? I wouldn't.
http://www.telegraph.co.uk/finance/economics/gilts/11587787/General-elec...
On the flip side; stocks always hit a bottom before an upturn.
Everyone knows from experience that markets go up and down. So, when your market forecasts are always bullish, simple logic proves you must be wrong at least half the time. And, when it comes to bullshit, it doesn’t matter whether the glass is half full of it or half empty. You’re still full of it. Joe might as well paste a sign on his forehead that says so. Seems like he’s got plenty of room for that.
Can I Hurl now?
Really, who the hell still watches CNBC?
I hope I live to see 24/7 infomercials on this channel and Joe L. on a perp walk......
Joe be right one time about the weather, day he gets hit with lightning...then he can blame the weather.