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Six Warning Signs That The Economy Is In Trouble
Submitted by Tony Sagami via MauldinEconomics.com,
On July 14, I wrote about the danger developing in the transportation sector, and things are looking even worse today. Here’s what I mean:
Look Out Below #1: Royal Dutch Shell reported its quarterly results last week—$3.4 billion, down from $5.1 billion for the same quarter a year ago—and warned that “today’s oil price downturn could last for several years.”
In anticipation of tough times, Shell slashed its 2015 capital expenditure budget by 20% and is going to lay off 6,500 high-paying jobs (not Burger King-type jobs) this year.
Look Out Below #2: UPS is a very good barometer of the consumer end of our economy: It’s the largest component of the Dow Jones Transportation Average both by sales and market valuation.
And UPS isn’t very confident about the US economy. Here is what UPS CEO David Abney said in a recent conference call with analysts:
If you just look at in [sic] January, the GDP forecast we thought was going to be about 3.1%. Now the thinking in July is about 2.3%, so let’s say a pretty significant decrease.
Why so glum?
The continued strength of the US dollar and I think this impending rate hike by the Fed appears to be holding back some US growth.
Abney has good reason to complain: UPS’s revenue fell 1.2% over the last 12 months. Not good.
Look Out Below #3: Rolls Royce may be best known for its luxury limousines, but the heart of its business is making engines for jet airplanes. Along with General Electric, the company dominates the aerospace engine business.
Business isn’t so good. Rolls Royce just issued its fourth profit warning in the last year and a half and is shutting down its $1.56 billion share buyback, introduced a year ago, to conserve cash.
The problem? Weak demand for its jet engines.
Hey, if Rolls Royce doesn’t want to buy its own stock… why should you?
Look Out Below #4: The reason Rolls Royce is suffering is that the airborne freight market is shrinking. While the passenger cabins you and I sit in may be full, the belly of the plane where the cargo freight is held is growing increasingly empty.
The International Air Transport Association (IATA) reported that air freight load factors have dropped to lows not seen since 2009.
“The expansion in volumes we saw in 2014 has ground to a halt, and load factors are falling… we have to recognize that business confidence is flat and export orders in decline,” said the CEO of IATA, Tony Tyler.
Look Out Below #5: The trans-ocean freight business isn’t doing any better; the number of idle container ships has increased two months in a row.
The number of idle ships (over 500 20-foot-equivalent units) has jumped from 82 to 108. Yup… business is so bad that the owners of 108 ships don’t have any business whatsoever.
“The traditional peak summer season has so far failed to provide a boost to vessel demand, as the weak cargo outlook is forcing carriers to cut back on their capacity deployment plans,” reported Alphaliner, a container shipping watchdog.
Look Out Below #6: The reason why all these transportation companies are struggling is that global trade is simply shrinking.
Moreover, world trade is falling at the fastest pace we’ve seen since the last financial crisis. Global trade shrank 1.2% in May from the previous month, and the little-followed World Trade index (which tracks import and export volume) fell to 135.1 in May.
Look, transportation companies prosper when the economy is rocking and rolling. However, they are among the first to feel a business slowdown when things turn downward.
My bashing of the transportation industry is just as much of a warning about the overall economy as transportation stocks. Do you have a contingency plan to protect your portfolio when things turn ugly?
The best time to prepare for trouble... is before trouble arrives.
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Reality is distorted through perception.
Ignorance is shelter from reality. Willful ignorance is shelter from reason.
Knowledge is power. Ignorance is futile.
Don't worry, be happy!
Ignorance is bliss! The link below is to an article that is a tribute to some of the cute little sayings and witticisms that lace their way through our culture and vocabulary. It centers on the thought that the more we know the more difficult and complicated we realize the world really is. The article salutes those happily living within a world of "see no evil, hear no evil, speck no evil". Just tell yourself it is going to be alright, then go have a drink from your lucky cup.
http://brucewilds.blogspot.com/2015/07/ignorance-is-bliss.html
This must be the Recovery!
They mocked me when I said higher energy prices would pull us out of this funk.
Yeah but nothing short of a big ass debt jubilee will return us to growth. Not like I am advocating for that. But that is what it will take.
I want implosion, as every single damn thing gets more expensive while salaries rise minimally. So we slowly sink our asses deeper in the hole, all the while shouting GROWTH, GROWTH!
The thing that pisses me off the most is that it doesn't have to be this way. We don't HAVE to live by this exponential function.
GD bankers and government.
pods
Yeah but nothing short of a big ass debt jubilee
Word is that's happening next month....it was on the Simpsons.
Full Layoff / Closing List: http://www.dailyjobcuts.com
Enough said
-
" Awesome! "
Far far far from that
"The Economy Is In Trouble"
Bullish.
I just saw a job posting by a small local electric utility for an engineer.
They want ONE engineer to be the entire department doing all the work in five or more separate technical areas including the generators, power lines, TCP/IP, embedded control systems, web page development.
Fucking hilarious and goes to show what the latest batch of MBA-tards believe is possible.
Seventh warning sign...
The EBT card buys 30% less than it did one year ago.
So lets see what the score is:
Taxes, fees, and annual fees for everything you touch in this country
Practical educated workforce at all time low
Debt of the average person at all time high
Stagnant wages in most sectors
Goods and services more expensive
I bet you all could name a 1000 more...
Maybe people don't believe the lies anymore that you should keep playing the game by buying stocks and new cars, or better yet the people left that aren't on the government handouts are literally scrapping by to meet the cost associated for breathing on this fucking greed planet.
The people are tapped out...
@Headbanger
The funny thing about that job posting, is that even if the 1 in a million chance that employer would find an applicant with that much skillset, that super engineer would just start his own business. He wouldn't waste his time with a salary and working for knuckleheads who couldn't get the enterprise off of the ground.
That's why I laugh at "job creation" and all of these silver spoons born on home plate who acted like they hit a homer like Mitt Romney advocating it constantly.
Even FT is starting post articles on what's been obvious to me over the last decade. They coin it the "gig economy". The days of a lengthy career at a big corporation for benefits is pretty much obsolete. Having employees on a payroll is pretty much obsolete.
The trend is small startups hiring other small startups to provide goods and services.
For those of you who missed it, just type in "FT gig economy" into Google and read that article. It was on Drudge this past week.
I guess the whizs over at FT have been reading my comments on Zero Hedge because that's usually all I ever talk about on here. Whining about jobs, jawbs, jawbs, and expecting some greasy politician regurgitating tired talking points isn't going to provide for your family. One has to go out there and create a business for themselves and other businesses.
Fuck that. With the overhead that is required by government (federal, state and local) I am done creating businesses, employing people and working insane hours only to
be buried in paperwork for multiple agencies during what should be my free time.
I will stick with working a salaried job while I can.
Put in my 8 hours per day, have paid holidays and vacations.
I might no earn as much, but chances are that my per hour wage is about the save.
The people are tapped out...
"Jobless recoveries make my head hurt."
Headbanger: I'm old enough! I could have learnt all that stuff by now! I'd probably want to learn the computer stuff last though, otherwise it would be all out of date. But imagine the size of the student debt! I bet they wouldn't pay enough to cover it. The other problem would be lack of social skills from too much study. I could easily imagine the potential-employee-of-their-dreams being rejected because he failed the interview.
=P
P.S. Were they also looking for a 25 year old with 30 years of experience?
Wow! All those up arrows!
Yeah, the job listings I see for engineers are insane or written by some HR newbie who just throws together all the requirments they ever had.
But here's one for ya.
I got talking to an old timer main frame guy I often see in the check out line
Turns out he's making a good chunck of money fixing and selling.... ASR-33 terminals!!!
Apparently they're considered cool collectables by rich old farts that were the first computer terminals they used.
So if you know of one.. DON"T junk it!
I wonder if the "old timer main frame guy" has figured out how to connect an iPhone to those acoustic couplers that accepted the old fashioned handsets.
I also look at engineering jobs from time to time just to see what's out there. Some of the qualifications that are required are pretty stupid. I think to myself have I ever met anyone that knows how to do all of this stuff?
In Civil Engineering, which is probably true for most engineering, a person needs at least 10 years to become good at just one thing. And like an old project manager would always say, whoever says they know everything knows nothing. Seems to hold up very well for any profession.
Talking to an old boss I mentioned how I needed to hire someone to help do what I do. He said its really hard to find someone that can just take a sketch and redraw that in the computer properly. I have no idea how buildings will be constructed in about 20 years. Rubberbanded together I guess.
A physicist is someone who learns more and more and more about less and less and less until he knows everything about nothing.
A doctor is someone who learns less and less and less about more and more and more until he knows nothing about everything.
Something like that. Does anyone know the rest of that saying?
I make loads of applications for jobs, and it used to be a case of 3-4 programs a designer needed to know, now I see listings of up to 15 programs, these people have NO idea what it takes to learn these programs, and I don't mean generally, but to a professional level. I know +/- 20 myself, then I get told I am over-qualified, although I demand payola for my knowledge, it makes no sense to me, but no harm looking even though you are employed, insurance. It is absolutely crazy out there. I also notice companies constantly looking, it's a kind of window shopping, they will axe somebody as soon as they find somebody cheaper.
Was it a part time opening?
Banger, that's just it: a crucial quality to our predicament is that there is a massive disconnect from foundational reality.
It goes all the way down the line of management, as office workers irrationally direct operations. There is probably a correlation between shrinking office (that is, cube, that is 3x4 desk) space and functional insanity.
We jetisoned reality long ago in the quest to post better and better earnings without any actual improvement in innovation or authentic demand.
HR managers tend to be women, who tend to have poor reasoning skills to begin with. As one buddy put to me, HR Peggy tries to fill vacancies in the manner she looks for a husband: a 6'2'' 33 year old P90x grad who have an Ivy MBA, pulls in at least $250,000 a year, who will be a modern husband and a stallion in the bedroom- and for some reason will desire a bossy, fat, and unkempt office lady. Such a man does not exist.
And, likewise, the credentials they post for are held by no one. Thus, jobseekers have to play along with the kabuki theater, claiming to meet the nonsensical requirements, and companies begin to believe the utter BS that one person could have such a multivariat skill set such as the one you posted.
From 2000 to 2012: Biggest population segment - Baby boomers - reach their peak earning years.
2012 onwards: Baby Boomers start retiring. They earn less money, they don't need to buy so much - they already bought it all.
So what did happen to all that extra tax revenue that was generated when the largest population segment was in their peak earning years? Oh yeah, amongst other things, student debt went through the roof. I would have thought there would have been a glut of would-be university lecturers - driving down the price of education plus guaranteeing expert tuition to the young 'uns ...
Anyways, Economists define "demand" as the stuff people actually buy, as opposed to the stuff they want. Fair enough, it makes the calculations simple. And we gotta admit, we need stuff to be simple if we want an Economist to understand it. (...errrr, forget that remark. Once an Economist gets a job he is just the Propaganda arm of his boss. His boss tell him what he wants, the Economist dreams up a palatable way of explaining it to the masses.)
Ummmm, put all that on the back-burner for a minute. The point I'm trying to make is that in the real world PEOPLE DO NOT STOP WANTING THINGS. So we need Production. Production requires labour. WE GOT PLENTY OF SPARE LABOUR. Production requires Capital, Energy and Resources. No, I'm not so sure about Capital, Energy and Resources, we'll need to study that one. Production requires Research and Development. Actually, a lot of the Production that is needed is stuff someone already knows. We just need to make sure the knowledge is passed on to the next generations. Gee, there was a point to me mentioning student loans a minute ago. "I'll teach you how to survive in a modern world if you pay for my retirement". Something like that. The main point being that all our problems are not due to a lack of real stuff. It's all due to an inadequate shuffling of imaginary paper money in the system. It actually IS an "Imaginary Problem". But people tend to get quite upset when you re-arrange the Imaginary Stuff. Frankly, I don't blame 'em. Those who have the ability to redistribute the Imaginary Stuff are not known for being careful, fair, honest or conscientious in their dealings. Funny how the Real Problems are going to manifest, no matter what we do, because no-one can sort out the Imaginary Stuff.
If production is going to slow down, can we at least admit we're all fucked, take the afternoon off and go to the beach*? If we can't have anything, why do we have to continue to work so hard?
* I'm not that big on beaches - there are lots of exciting things I want to do, but I'm trying to use language we all understand.
I feel so guilty now reading that
Cause I just put my 13 year old car back on the road to save some miles on my 11 year old truck.
But I spent a whopping $400 for rear brakes, exhaust coupling for it to pass inspection.
I feel your pain: the 20-yr old car is now the primary commuter as the 16-yr old truck has a difficult-to-diagnose battery drain. At least the spouse's 8-yr old car is running reasonably well...
??? If you're happy with your 13 year old car, you can keep ...
You've missed the point. There's plenty of other people out there who would love to buy a nice, new car. They should be picking up the slack for you. Except they have no munny! 'Coz they have no job. Maybe they could get a job selling cars (no point building them - I hear we have an over-supply) except no-one else who wants a car can afford to buy one. The labour is out there. The resources are out there (debatable). Why can't the labour solve their own problems? Why do they need you? Or anyone like you? 1. A lack of knowledge. 2. A lack of green pieces of paper or appropriately arranged electrons. Oh shit! Now I've just justified re-introducing debt to the system, including debt for education. Then again, why is debt necessary? Interesting thing about business loans: You pay a bank interest in return for acquiring Capital, which roughly translates into you paying a bank interest for the privilege of being stressed and working your guts out. The secret, of course, is to pay someone else to work their guts out ...
How many hours per week does it cost to own a car? If we've run out of people who want to "buy cars" then everyone should just be working less and spending the extra free time "at the beach"*. Sure, the country's GDP figures will go south but how could that possibly matter?
Or have I misunderstood you? Is your comment a re-action to a perceived "Blame the Baby-Boomers" in my post? On second thought, I guess my post could have come across like that - peak earning years (but I don't blame BBs for the actions of the taxman - I don't believe majority rules, I believe the govt does whatever the hell it likes but uses "majority rules" as an "excuse" when they can, because they can). BBs paying for the education of the youth so the youth can finance your retirement? This is what happens indirectly, no matter which way you look at it. The only reason people can retire is due to excess production. If there is no excess production then no-one can retire, regardless of how much money they have in the bank or gold they have at the bottom of the lake. Okay, the richest can always retire but everyone else will cop it in the guts.
*I can't mention that sentence without thinking of ObamaCare and its effect on the 29.5 hour week. 29 hour week would be alright if people could survive on that income, but as long as free money et al is propping up real estate prices, people are suffering from the lower hours. This is the reason I wondered, long ago, how much of our wealth is due to technology and how much is due to slavery (third world production at third world wages). We got machines that let one man do the job of a hundred. That would suggest the human race could survive working 0.4 to 0.8 hours per week instead of 40 to 80 hours per week. On the other hand, a lot of jobs (eg cleaning a small office) still take one person to do the job of one person. Remove slavery from the system, average out technology, how hard do we really need to work just to survive?
LOL! Really? Do you have a clip for this? That's hilarious.
"Word is that's happening next month....it was on the Simpsons."
Ah, GetZGold I wondered where you were. Broke out the old Kitco avatar I see.
Oh, by the way, you are still not funny.
...but, but, but the fudgepacker done told us everything is great and it itself done said it was a gud president.
Retreat into delusion. Not my style.
But have you tried any good glue??
Retreating into delusion isn't my style. Must I state it twice
Anyone want to comment on why $BDI is skyrocketing (more than doubled in 2 months) yet stocks like DRYS are getting hammered?
I assumed it was due to ships getting idled but was surprised that little change in the number of ships would cause such a drastic increase in shipping prices.
Would love to hear on the subject from those more knowledgable than I.
Baltic Dry is not something I prefer to use for measurement of trade because of that exact issue, hard to suss out whether the price changes are really meaningful if they don't connect to volume.
One that I do track that is demonstrating the slowdown in US trade.
https://www.aar.org/data-center/rail-traffic-data
but eMinis are up 13 points - I'm getting tired (and resultingly poorer) of the ZH doom & gloom
NoVa
Feel free to ask for a full refund of what you paid to ZH.
ZH should come with a warning:
"WARNING! Reading ZH will convince you that the world will end tomorrow. But then it doesn't. But the problems ZH rightfully brings to our attention are still there. Obviously other information is needed to complete the picture ... information that can probably only be obtained through wire-taps on the elite. But even if there is a simpler, less intrusive method, you won't find it at ZH."
I'm hoping that one day a ZH 2.0 will arise where they dump all their idealism and propaganda and just stick to the best-of-the-best of their reporting. Instead of Tyler Durden, ZH 2.0 will have a certain Jack Nicholson theme with the tagline, "Zero Hedge. For all the truth that you can't handle."
pull out a long-dated BDI chart, 5-10 years
you'll see it always spikes from a midyear low to q3/q4 high, it's normal seasonal flux, the years that don't follow the pattern are the odd ones
plenty of human economic activity still follow the seasons of the planet
Ignorance is not bliss. The real question is if you are not ignorant then do you know your responsibility?
Yet, ah! why should they know their fate,
Since sorrow never comes too late,
And happiness too swiftly flies?
Thought would destroy their Paradise.
No more;—where ignorance is bliss,
'Tis folly to be wise.
-Thomas Gray
I have no idea why so many people down voted your comment? Perhaps they didn't read the attachement?
The article linked is excellent, but the question is "ignorance of what is bliss"?
"After years of economic propaganda, artificially inflated stock prices, dishonest accounting, laced with pandering and outright lies we find Washington and the media have hollowed out our culture lulling most unsuspecting Americans to sleep."
Who could disagree?
My neighbour Joaquin died a couple of years ago. He was was illiterate, yet he'd been to the Portuguese colonial wars in Angola, worked as a small hold farmer and nursed his sick wife for many years before her death.... He new little of the wider world that many out their would say was essential to know in order to be "intelligent" . He was the wisest man I new. He new himself, he his relations to others, he loved life, he accepted death. And he thought deeply about each statement h made.
Some people are just confused by what they think they know and what is important.
And the reason for those 6 items
Peeps have no money to spend.
What the hell are they doing with their $2400 healthcare savings?
@VFG
savings..............................ROTFLMAO
As soon as I saw Rolls Royes was down, I was thinking the same thing.
Maybe people figured out that they don't need a new one every year?
The best case for a view on how the company is doing is to look at Alladin.
That fund manages 17 TRILLION in the commodity sectors and has cut it's dividend with 50%!
It's actually the most political and most dangerous company in the world.
Rolls' main profit center is aircraft engines btw.
"Rolls Royce just issued its fourth profit warning in the last year and a half and is shutting down its $1.56 billion share buyback, introduced a year ago, to conserve cash."
Idiots. You finance the share buyback with someone else's money. Get a 0% loan. Dipshits.
This is quite an indicator... just a year or so ago luxury car sales were booming from all the rich folks who were still making tons of discretionary... now, maybe that's not the case and they are feeling some pain as well?
Why so many ignorant comments on ZH?
A direct reflection of the quality of post. They lead you poor people around like a pack of confused yesmen.
Perseus has spoken!
was thinkin' it spelled like "ignant"...loin sumpin' evahday...damn...
Our reality is manufactured...our life is a one giant cosmic lie...
Now it becomes clear...IRAN will be the catalyst for jumpstarting the global economy...ordering 80-90 Boeing jets with RR engines, F35s, F4 Phantom replacement parts, all in preparation for the mother of all battles with...
. . . . "The best time to prepare for trouble... is before trouble arrives."
What trouble? Mr Yellen will take care of everything.
The fed's old man is a television repairman, they've got this ultimate set of tools. They can fix it. [/Fast Times]
“The traditional peak summer season has so far failed to provide a boost to vessel demand"
Simple solution, just convert these cargo ships into Carnival cruise ships, load'um up with 5000 passengers and off to the Bahamas for drinking and shopping.
With all these unemployed and retired what else have they to do, travel and shop man!
Carnival may take SNAP & EBT cards, if they don't now they soon will be.
They should just park all these ships full of empty containers off of San Francisco and charge $2k per month to let people live in them.
And it would have a waterfront view...
Good times! I'm heading to Zillow now, always wanted to have a view of the Golden Gate.
You can't prepare for trouble, trouble will find YOU!
For the times they are a-changin'.
Ben Bernanke made a statement recently that I thought should have received a lot of attention. The former Fed Chairman said Presidents should have the power to declare economic emergencies along the lines to declare war.
The reason I think this should have received far more attention is that it screams massive risk still exist. After seven years the "System Is Not Ready!" and cannot adjust to what lies ahead. It is incredibly naive and pure folly to think that during a crisis a band-aid applied from Washington by any President is the solution or even a makeshift stopgap to economic carnage.
Whether it be the result of a massive cyber-attack, war, or a major natural disaster it is foolish and a bit silly to think as a really bad scenario plays out the markets would continue to function as normal and without a hitch. The article below explores the scenario of how a "Flash Crash on Steroids" might occur and how it would change everything.
http://brucewilds.blogspot.com/2015/03/volatility-unleashed.html
Uhhhhmmm, regardless of what people may believe, the president isn't authorized to declare war.
Hasn't stopped him yet.
Of course neither has Congress....I think those guys might be dead.
fukem both... and where the hell is fukn karma justice for all thise elected miedras...
you meant mierdas
and we're a constitutional republic,,,, Yea,,,Tell all that to all those dying.
Fool me once, shambers on me, fool me twice, shambers ON YOU!
10 years in prison and 10 grand in fines.
http://jimbovard.com/blog/2006/12/06/the-great-gold-robbery/
Roosevelt labeled anyone who did not surrender his gold a “hoarder.” His executive order defined “hoarding” as “the withdrawal and withholding of gold coin, gold bullion or gold certificates from the recognized and customary channels of trade.”[7] Actually, Roosevelt was not concerned with the gold being in the “customary channels of trade”; instead, he wanted government to possess all the gold. And the notion that people were “withholding” their gold merely because they did not rush to the nearest Federal Reserve bank to surrender it was political logic at its best.
"Citizens had accepted a paper currency based on the government’s pledge to redeem it in gold at $20 per ounce; then, when Roosevelt decided to default on that pledge, he also felt obliged to turn all citizens holding gold into criminals. Roosevelt stated that the ban on private ownership “was the first step also to that complete control of all monetary gold in the United States, which was essential in order to give the Government that element of freedom of action which was necessary as the very basis of its monetary goal and objective.”[9] But the primary “freedom” government acquired was the freedom to default on its promises and to manipulate the lives of everyone depending on U.S. dollars in their daily transactions."
There were no boating accidents during Roosevelt's reign.
They didn't have nailguns, either.
That 'bandaid' was nearly $16 trillion (Bllomberg sued the Fed). The problem with the economy is, the entire system and every monetary system in the world is built on lies (fiat). You cannot have a foundation built on lies and expect the overall structure of the economy to stay intact. It is just a matter of time before it all comes down.
every monetary system in the world is built on lies (fiat).
So fiat and lies are synonymous?
Of course I don't agree with you, but agreement is not required for me to ask the following question:
What should we substitute for this fiat (lies)?
Dum dum, it should be whatever consumers choose to use voluntarily. There shouldn't be any one agency telling people what they must use as a means of trading in a free economy. Start with a basket of currencies. Hell, have a thousand if you want and a funny thing will happen........people will naturally gravitate towards the one that works in their own best interests and the retarded ideas will fall to the wayside. That's what happens when you give people true choice instead of regulating ideas with bureaucracy. For any system to work at peak efficiency, you must have choice, because without choice, mistakes get corrected very very slowly, if ever at all.
For any system to work at peak efficiency, you must have choice, because without choice, mistakes get corrected very very slowly, if ever at all.
So what's your choice?
10 cheeseburgers = 1 blow job = 1 oz silver.....whatever works for you, whatever you want to use as a go-between of two things that both sides see as having equal value. I don't have all the answers, obviously, which is why I don't assume to know exactly how it would all work out. That's for the people using it to decide.
I don't have all the answers, obviously, which is why I don't assume to know exactly how it would all work out. That's for the people using it to decide.
Well. You're a person. What's "your" decision.
When you go through the grocery line, it's probably a pretty good idea for everyone to be using the same thing ... and for the same reason.
The Fed is letting the s...t hit the fan now so they can bring the market back for Nov. '16.
I don't dispute the six factors, but in looking at the global trade numbers I have to wonder if it is based on total merchandise or total dollars. I suspect the bigger part of the downturn could be that $50 oil being moved around is not the same as $100 oil being moved around.
If so thats even more damning evidence. collapsing demand in the face of cheap(er) oil means economic weakness is far more entrenched and was masked by artificially high oil prices.
#6 Magic president queer's new cap and trade regulations
I bet there is a lot of gold going from the west to the east.....
Those Easterner's might want to test it, just to be sure.
I bet there is a lot of gold going from the west to the east.....
Doesn't take a very big boat to move "all" the gold from west to east.
Moar trouble means moar printing. BTFD until everything vaporizes... us included.
Bad news is good news.
War is peace.
Intelligence is stupid.
and they found the Fukishima #6 core today; surfaced in Belgium
Of Shamanism and monday morning quarterbacking : His name; Kenneth Rogoff...it should ring a bell !
Here is this ex-Shaman, who was head of IMF techincal team at the moment the world came out of dot.com and went into the next spiral of bankster derivative madness : take off of Oil and concomitant take off of subprimes...
Now, having left the "economic HIT MAN" sphere to retreat back to his Alma Mater of egg-head cocooning, he has this to say :
http://www.marketwatch.com/story/there-may-never-be-a-second-greece-2015...
He presents two opposing viewpoints. Both of which are wrong.
Caught between a sweat and a shit?
a war could sink many ships and destroy lots of petroleum, creating lots of demand for shovels and fallout shelters.
rebuilding London and Berlin could employ millions.
surely there must be some evil needing destroyed somewhere.
when does Obama march on Stalingrad?
I've used before and I am not afraid to use it again.
https://www.youtube.com/watch?v=N_ZG6tRGMYk
The global economy is experiencing a slow drip, drip into the toilet. All it needs now for a full implosion is the proverbial Black Swan event. By definition a Black Swan event is one "under the radar" and totally unexpected. I nominate the evacuation of Japan, Hawaii and the Pacific Islands when the suppressed truth about Fukushima radiation becomes widely known. The amount of fallout over North America is staggering; yet nothing in the MSM.
thanks, I am actually heading to Brazil shortly on business. New Zealand keeps looking better and better.
There are literally quite a number of black swans in NZ. Beyond that, it has a lot to recommend.
NZ has always been well ahead of its time: first to give women the vote, first man to split the atom, and equal first to legislate bail-ins.
Hillary Clinton, Nuclear War, and Financial Shenanigans...
MSM serves the corporate interests not those of the unwashed.
Humm. Ghost cities in China filled with over a billion new consumers. Hmm mm.
I gladly welcome those from Japan and Hawaii to my neighborhood. It would be refreshing and a sure plus for me and my community when they evacuate thier areas due to bone marrow melting, thyroid glowing, neuron destroying radiation levels
I doubt the Chicoms want a second Japanese invasion, even if it's house-buying.
The amount of fallout over North America is staggering; yet nothing in the MSM
So THAT'S why my teeth fell out? I was worried I had scurvy.
I knew a few guys who were sent to clean up the RADCON nightmare, and the Navy wouldn't issue them TLD's. I remember them saying when they frisked the topside of the carriers the background was enough to label the area a high rad area.
I knew a few guys who were sent to clean up the RADCON nightmare, and the Navy wouldn't issue them TLD's. I remember them saying when they frisked the topside of the carriers the background was enough to label the area a high rad area.
That which cannot be sustained, won't be.
same as it ever was!!!!!
Get long black markets, sharecropping, and guillotines, beat the rush.
With that in mind I've paused my Au and Ag stacking in order to resume stacking whiskey, ammo, and 100-can cases of sardines.
Are the sardines packed in water or oil? Is the "Good 'til Date" a marketing statement or do they remain edible for how long?
Properly stored, i.e. cool conditions, five years at least.
I go with water packed for most of it and some tomato sauce and oil that I tend to eat first. Corned beef could last 100+ years if properly canned.
When Baltic Dry fails there's always North African Boat People in need of Shipping. Never let a good crisis go to waste, MF's . . chuckle . . snort.
It's a huge shit sandwich and we're all going to have to take a bite.
Please pass the ketchup.
soon ketchup will be a luxury item that many won't be able to afford
Ketchup is a vegetable
Agreed, horse face is a vegetable.
a tomatoe is a fruit you knuckle head, it comes from a flower.....
We'll soon find out why fire hot sauce spices are commonly found where food is not plentiful. And why men became the cooks. "I don't want to know" ::grasping knife and fork:: "Just give me something to eat."
Shit is better with mustard than ketchup. Heinz now makes a yellow musturd that they claim is better than French's. I hope this information is helpful.
It's a huge shit sandwich and we're all going to have to take a bite.
...so does this mean Ann Margaret's not coming?
Permission NOT to take Rafterman with me.
Buy the market, economy not good but fed is buying, money inflows and fake August down swings will be the rule for the next days
BTFDs
Things are good and even improving in our business.
The oil companies have been overpaying their people for year because they have been raping people with the price of oil.
It is about time they balanced things out. But is still makes me wonder what the big play is. Oil companies don't determine the price they sell at. That (and other commodity prices) is determined by banks.
Now, if only big banks started going out of business, we could reduce corruption and reconstruct a better world.
They used an oil flood to mitigate the last great downturn when they brought the Alaska North Slope and North Sea oil online at the same time. After a while, that gave Voelker enough room to jack up rates w/o killing the entire economy. Efficient companies with little or no debt benefitted.
Will they ever raise rates this time? Who can say? Just pointing out this appearently managed corelation between flooded energy markets and [in the present case, impending] financial market turmoil.
I will give you 1 BIG SIGN . The FED cannot and will not raise rates. The US is the new JAPAN>>>>
Nah, they are going to raise rates this fall even if it kills us.
They have no room to maneuver except NIRP and that would have the same potential effect on markets as raising rates so they may as well raise rates and see what happens. They have to move while it appears to be an option and not a reaction.
1 BIG SIGN...
You're right, everything else is noise.
As posted by another earlier: https://research.stlouisfed.org/fred2/series/BASE
After 7 years of accelerating the accumulation of assets while refusing their books to be audited our Congress continues to allow this criminal activity to occur. The fed has made our government obsolete and yet our (s)elected offficials are too blind to see they themselves are the ones the fed has decided have outlived their usefulness.
This struggle is entering the death throes of which organization will survive. The FED has determination and a plan, Congress, not so much. They don't even know why they're there.
imo.
What is with all the ads...ZH is becoming unreadable.
I don't see any ads. But then, I use Firefox + ADblock. It's not that difficult.
Yea,,, Internet was supposed to be the information highway.
It's been turned into a big sale billboard with very little information.
Use Firefox with 'NoScript' and/or 'AdBlock'
Yep, I don't get one ad.
Yes, but you need to look at all the data points. UPS meh, but FedEx was great. Air freight is down some, but passenger travel way up. Ship merchandise down, but Baltic Dry is up.
We're not bumping along the bottom. More like bobbing along on the surface in a life jacket, hoping to get rescued before we get hit by a rogue wave.
Man, I was sure this was going to be a Michael Snyder article ......
ditto
ditto x2.... wutta shocker
Soon Amazon drones will be whizzing everywhere droppin off packages, putting the delivery services out of business.
You can thank the kike noach Jeff Bezos.
If you're first out the door, that's not called panicking.
zh, I am asking yet again. What is your responsibility? You have been posting these signs of warning then suggest people to run and hide. I understand that you are annonymous and have already a place to run and hide, but what about others who for some reason are still ignorant. I will give you a hint this time. You still are not convinced about what you write. You still got doubts else you would have known your responsibility by now.
wait... what?
Obviously a former CNN reporter / 'corespondent' looking for enough work to move into better digs.
ZH is an information resource. That is their role/responsibility. The consumers of this information are the people responsible for what I think you're hinting at.
Under "normal" circumstances, what has been reported on ZH would have indeed foretold "The Apocalypse".
Under "normal circumstances, this would have occured some time ago.
Instead, the powers that be have done the unthinkable, and somehow kept the plates spinning.
They have pushed everything to the edge, borrowing from the future.
At some point, they will run out of "future".
It has always been difficult to predict this point.
We never believed they would do what they have done.
What are the limits to what they will do? That is the question.
Here are six more;
1) 0bama
2) Pelosi
3) Reid
4) Boehner
5) IRS
6) EPA
...all of em miedras....... all need their skin sandpapered off & buried in salt... fukem all
WTF? Banksters should lead the list...
I must admit. I'm starting to like the idea of President Donald Trump more and more every day. God help me.
He's nuts but I think that is the only path back.
Maybe 'Walker'
Interesting philosophy...Takes crazy to fix crazy, hmmm....