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"Please Ignore Oil"
How many times have we been told "excluding oil-related firms" everything is awesome? Well, we have one question, why did Factory orders ex-transportation just plunge a depression-like 7.5% YoY - the worst since the great recession in 2009...?
Charts: Bloomberg
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move along, nothing to see here
Nixon(Yellen) has a secret plan to win the war...
"Mein Fuhrer, I can walk!".....
Icahn to CalPers take in the arse with a $ 1.3 trillion smackdown in energy
http://www.bloomberg.com/news/articles/2015-08-04/the-oil-crash-has-caused-a-1-3-trillion-wipeout
Seems them paper promises aren't really wealth after all, eh?
I found this article to be far more fascinating. Bill Gates bought a 6 acre Vidalia onion farm in Georgia for $6.68M. Then started illegally moving non-Vidalia Florida onions through its processing facility.
http://www.bloomberg.com/politics/articles/2015-08-04/bill-gates-foiled-...
Strange days...
Ignore oil, other commodities, factory orders, earnings, consumer spending, consumer sentiment, workforce participation rate, underemployment rate, poverty rate, the money supply, the debt, home ownership rate, rental costs, and the number of people receiving government assistance.
Based on Tyler's chart it stands to reason that all stawks will go up, except those in the transportation business.
/sarcsam?
A depression today is measured...if a banker misses a bonus payment....that is it!
You're forgetting one important factor... it's different this time.
It is different. In 2001 and 2009 the stawk market tanked. Maybe oil is just a little early to the party.
Just wait till the next generation realizes theres places like rent-a-center. Then it will all pick back up, but pay no attention to the massive sub-prime bubble in TVs and home appliances. A sign of how bad things are when an entire buisiness model is based on people not even being able to afford home appliances without credit. And the stupidity of people who would pay at least %100 more for something they dont need when they could save and purchase it outright but just have to wait a little longer. Like an idiot who buys a house and goes broke when it inevitably needs repairs and they didnt save anything for that obvious cost down the road. Then they clamor for home repair insurance so they can just throw money at a company to figure it all out for them and in the end create a massive mispriced market just like health care.
I believe I saw an ad for 0 down, 0% for 60 months on a couch. A fucking couch.
Yah, but you need $1000 a month to rent a container to furnish.
those are the best couches ya got there...
Furniture store in Houston offering 8 year financing on tempurpedic mattresses....seriously.
Mattresses cost more now than my first car
Good luck reselling that fucker when you send the muscle to repossess. I think the secondary market for beer, jizz and ass-sweat stained couches is quite thin.
Ignore everything except what comes out of that Fed F*cktard Bullard's mouth.
Is it just me or did factory orders go red the month the Fed stopped their bond purchases? Probably just a coincidence.
yup ... November 2014 ....coincidence
but this chart screams "raise rates now!!" doesnt it?
I guess GDP has been so massaged it will never show another recession.
People have been doing their level best to ignore oil ever since the Hirsch Report came out.
http://www.netl.doe.gov/publications/others/pdf/oil_peaking_netl.pdf
Why? Just lucky I guess.
Bullish!
"These are not the numbers we are looking for."
"These aren't the numbers we're looking for... 2100... Move along!"
YoY, yeah, yeah.
Durables minus transportation and defense were up 9.4%, MoM. are we done playing pick-a-chart?
Also very quiet about the stellar July auto sales numbers so its pick a data set as well.
Google is your friend.
http://www.zerohedge.com/news/2015-08-03/here-reason-why-gms-july-car-sa...
YEAH, except your stellar july auto sales were mostly government purchased.
And there goes gold after the Comex pit close... wait... there is no more Comex gold pit.... damn you algos!
Understand 'gold' and you can prosper.
The price is determined only by paper and it is always being sold. So short paper gold.
The supply is completely inadequate (ask China, they can only get 100 tons per year) so buy physical and wait. Eventually physical will need to be repriced to get any to flow...which it must.
For goodness sakes do not buy gold derivatives. Imagine you are a bullion bank and need a few billion dollars. You just short some 'gold' knowing you can always short it later to keep the price dow. With the Fed at your back...you'll be fine...if you are a bullion bank that is...
I know. I know...
...because we are in a depression?....
Perfect. Lets raise interest rates and see what happens.
But it has to be pretty plain, even to the most casual observer, that the only "commodity" that matters in the end is, ironically, the almighty dollar; everything else is a sideshow.
meeeh...it's not falling fast enough.