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"The Economy Probably Sucks If..."

Tyler Durden's picture




 

Submitted by Lance Roberts via STA Wealth Management,

 

 

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Thu, 08/06/2015 - 09:03 | 6396805 JustObserving
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The economy does not suck if Old Yeller says so.  

We're an empire now, and when we act, we create our own reality

Thu, 08/06/2015 - 09:11 | 6396840 BullyBearish
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"The data will conform"

Thu, 08/06/2015 - 09:16 | 6396867 Richard Chesler
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September is not a good month to raise interest rates.

Neither is April, June, August, January, March, December, July, February, October, May, or November.

Thu, 08/06/2015 - 09:21 | 6396887 stant
stant's picture

Or any day ending in y

Thu, 08/06/2015 - 09:26 | 6396913 madcows
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except sundae

Thu, 08/06/2015 - 09:24 | 6396902 1000yrdstare
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WE ARE AMERICA!!!   WE CAN DO ANYTHING!!!!  DON'T YOU REMEMBER WHEN WE BEAT THE RUSSKIES IN OLYMPIC HOCKEY?!!!

Thu, 08/06/2015 - 09:32 | 6396936 Headbanger
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And invented the Frisbee !!

Merca!  Fuck yeah!

Thu, 08/06/2015 - 10:13 | 6397111 CharlieMike
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And lawn darts!

Only in murica!

Thu, 08/06/2015 - 09:48 | 6397014 XAU XAG
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"The Economy Probably Sucks If..."

 

 

There are more hookers on the street.....ECON 101

Thu, 08/06/2015 - 09:20 | 6396885 ZH Snob
ZH Snob's picture

in life, if it doesn't fit, you make it fit.

Thu, 08/06/2015 - 09:08 | 6396828 ShorTed
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There's a very fine line between being too early to a trade and being wrong.  Fortunately for me I can say that i was just early to the trade.

Thu, 08/06/2015 - 09:23 | 6396901 hotrod
hotrod's picture

Where  is Jack Lew.  I thought we were suppose to discuss increasing the DEFICIT.  Surely we will need 19 trillion plus to make it through the elections and then let the new admin. raise to 20 trillion as the economy collapses.

Thu, 08/06/2015 - 09:25 | 6396912 madcows
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Garbage in = Garbage out.

The garbage in is on purpose, of course.

Thu, 08/06/2015 - 09:46 | 6397001 XAU XAG
XAU XAG's picture

+100 for the G.I.G.O ......................comment

Thu, 08/06/2015 - 09:33 | 6396935 Smegley Wanxalot
Smegley Wanxalot's picture

Fixing the shitty economic growth is easy. If the government just says inflation is negative enough, then they can turn the eventual downtick in nominal GDP to areal GDP increase.

GDP = Gross Deceptive Product.

Thu, 08/06/2015 - 09:34 | 6396955 CHC
CHC's picture

Liars figure, figures lie.

Thu, 08/06/2015 - 09:35 | 6396957 donupstream
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Nice article Lance

Thu, 08/06/2015 - 09:35 | 6396960 Salzburg1756
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If you smoked during your wedding ceremony, you might be a redneck.

If you use the gasstation squeegee to clean your whole car, you might...

Thu, 08/06/2015 - 09:40 | 6396980 B2u
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Just buy back more shares and give the CEO a raise....

Thu, 08/06/2015 - 09:55 | 6397002 Crocodile
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QUOTE: "The problem is that the upward revisions to economic growth for the first half of this year does not particularly "jive" with what is happening in the "real economy." "- End

Great observation Sherlock; the old number doesn't "jive" either and the majority of consumer spending is from ObamaCareLess and shrink-inflation at the grocery and that number will increase by double digits in 2016 and so the confidence declines; happy times! Got Christ?

Thu, 08/06/2015 - 10:26 | 6397164 fowlerja
fowlerja's picture

For wall street....up is down and down is up...our economy is like an airplane flying on this rule..at some point it is going to have a rough landing...might even crash

Thu, 08/06/2015 - 10:38 | 6397215 I Write Code
I Write Code's picture

Food stamps?  Participation rate?  ZIRP? 

Your economy is probably in trouble if the country elects an unqualified gay commie Kenyan Muslim choom-head with a home-made birth certificate as president.

Thu, 08/06/2015 - 10:49 | 6397254 Kickaha
Kickaha's picture

At least these charts verify what my eyes are observing on a daily basis:

Young people dressed in animal costumes dancing around roadside with signs pointing at the adjacent strip mall saying "We buy gold".

McMansions that used to have immaculate yards and landcaping, now having weeds in all of the flower beds and maybe a shingle ot two missing from the roof.

Roads that jar my teeth.

Gleaming high rise office buildings with prominent "For Sale" billboards erected on their now-raggedy front greenbelt, and weeds growing in  last year's mulch where there used to by colorful annuals.

Strip malls half or fully vacant, with the only tenants being party stores, nail salons, tattoo parlors, and pawn shops.  The ghetto has come to suburbia.

Vacant factories rotting in the sun.

"Industrial malls" with 9 out of ten buildings vacant.

Large shopping malls surrounded by rusting fencing with 8-ft thistles growing up through the ashphalt parking areas.

Lots of houses obviously vacant and untended, but mysteriously sporting no "For Sale" sign out front.

Lots of vacant houses with "For Sale" signs out front.

Lots of signs in front of houses saying "We'll pay cash for your house".

Lots of houses with "For Rent" signs in front of them in areas where houses were never before rented out.

All food retailers throughout suburbia prominently displaying banners proclaiming "We accept EBT cards".

Lots of 15 or 20 year-old cars on the road.

Just about everybody dressed like bums in clothing that looks like hand-me-downs or something purchased at the Salvation Army store.

I don't think there is really an precedent for this.  Exactly how long does it take for the richest country the world has ever known to exhaust all of its savings and defer all of its capital expenditures in a quietly desperate attempt to fill the gap between current income and current expenses in a truly horrendous economic contraction before max effort no longer maintains the outward illusion of ongoing prosperity?

If GDP, adjusted for the true 7-8% average inflation rate since 2008, shows a true annual decrease of 5%/yr., and if actual production is somewhere in the neighborhood of 65% of what it was in 2008, and if a lot of that "production" includes a historically record high number for the "financial sector" which actually produces nothing of value, and another big chunk represents online vehicles producing nothing but advertising, exactly how deep is the shit we are wading into?

How long will people keep believing the "everything is great" meme and disbelieving their own lying eyes?

 

 

 

 

 

 

 

Thu, 08/06/2015 - 11:00 | 6397313 MuleRider
MuleRider's picture

The Bureau of Egotistical Assholes (BEA) is matched only by the Bureau of Lying Shitheads (BLS) in their "massaging" of key data points.  

Thu, 08/06/2015 - 22:10 | 6399856 much obliged
much obliged's picture

Quote: "With 80% of companies already reported, S&P 500 sales are on pace to decline (year-over-year) by 3.1%, the second consecutive quarter of negative growth."

Really can't expect nor wish for anything better than negative growth on an overpopulated planet. Only reason that "negative growth" is a negative concept is because fractional reserve banking can't afford interest payments without growth. Whatever else happens in the impending financial crisis that everybody in this forum is talking about, fractional reserve banking has to go or the current impending crisis looks like a dress rehearsal for the next crisis. Circa 2025?

Thu, 08/06/2015 - 22:23 | 6399865 much obliged
much obliged's picture

Quote: "With 80% of companies already reported, S&P 500 sales are on pace to decline (year-over-year) by 3.1%, the second consecutive quarter of negative growth."

Really can't expect nor wish for anything better than negative growth on an overpopulated planet. Only reason that "negative growth" is a negative concept is because fractional reserve banking can't afford interest payments without growth. Whatever else happens in the impending financial crisis that everybody in this forum is talking about, fractional reserve banking has to go or the current impending crisis looks like a dress rehearsal for the next crisis. Circa 2025?

Thu, 08/06/2015 - 22:21 | 6399880 much obliged
much obliged's picture

Quote: "With 80% of companies already reported, S&P 500 sales are on pace to decline (year-over-year) by 3.1%, the second consecutive quarter of negative growth."

Really can't expect nor wish for anything better than negative growth on an overpopulated planet. Only reason that "negative growth" is a negative concept is because fractional reserve banking can't afford interest payments without growth. Whatever else happens in the impending financial crisis that everybody in this forum is talking about, fractional reserve banking has to go or the current impending crisis looks like a dress rehearsal for the next crisis. Circa 2025?


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