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The Dumbest Thing You Will Read Today... Maybe Ever
Dear Americans, meet your venerable central planners:
- FED'S EVANS: DOT PLOT CHART CLEARLY SHOWS US ECON DOING BETTER
So, according to the Fed's academic experts, the US economy is not, well, the US economy, it's not Y = C + I + G + NX, it's not the product of all goods and services created in the United States... it's this:
Which, for those confused, is precisely what it appears to be: a bunch of dots drawn on a piece of paper, not to be confused with this following random bunch of dots drawn on a piece of paper, which however is far more indicative of what the US economy is really like.
So the actual - you know - economy may be on the verge of a recession, but the Fed's model of an "economy" as represented by the dotted paint-by-numbers gibberish shown above, which only a cabal of arrogant academic hacks, who have never held an actual job in their lives and who can only do one thing: print money and make the rich richer while crushing the rest of the economy with trillions of debt, can deem is anything more than just that - utter gibberish - is recovering.
(Please just ignore the negative "dot", of course. That is what, in economic parlance, one calls a (non-GAAP) outlier to be ignored drawn by an angry, outgoing member of said cabal.)
* * *
And just in case anyone wants more, there was this:
- EVANS: STRONGER GLOBAL ECONOMY WILL BENEFIT EVERYBODY
Finally, this:
- EVANS: MAINTAINING CREDIBILITY IS KEY TO EFFECTIVE MONETARY POLICY
???
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In her first press conference as Fed chair in March 2014, Yellen told reporters "one should not look to the dot plot, so to speak, as the primary way in which the committee wants to or is speaking about policies to the public at large.”
http://www.bloomberg.com/news/articles/2015-09-16/how-the-fed-s-most-imp...
Bullshit confirmed.
Not that this applies to Mr Evans or the Fed, since they are not public servants (Evans) nor act in the best interest of the US (the Fed), as they pretend to, but...
There should truly be some kind of an SAT for people running for office. Especially for positions of higher office.
Test questions should be multiple choice, written paragraphs (limited to 1000 letters), and verbal exams, lasting 3 days, culminated by psychological profile and personality testing.
The topics should cover all the broad areas of modern life: Math (including the Exponential Function and Basic Statistics), Science (Physics, Chemistry, Biology), Grammar, Human and Societal Evolution, Evolution of Religions, Finance and Monetary Theory, History, Principles of Leadership and Personal Growth.
The Legislative branch or Parliament should also represent people from a wide range of careers and professions, and have a percentage limit on any one profession (the world needs only so many lawyers). Candidates must also have served their country in a civic and military duty (for different forms of courage), to round out their competence profile and temperament. Their theological and philosophical worldviews need to be well understood, especially when compared to their knowledge of the Natural, Social Sciences, Engineering & Technology.
The results should be a matter of public record, accessible online. If the 'fear' is that not enough qualified candidates would run, fear not. Quite the opposite would be the case, compared to the status quo.
Very nice.
I would be more than happy to push against your pollyanna, so that you can flesh it out some more.
Friday night is not good for me I feel an aphasia episode approaching.
Hit me anytime.ald
These are the fucking morons calling the shots........LOL, It Is Over
One question for this beta twink pos boy. Do you even lift?
The guy in the picture really looks like a major putz . . . . just saying.
How did a guy with Evans as the last name even slip into the Tribe's exclusive club?
And just to put it on the record - my sarcasm here can be harsh or brute but I don't care. I'm tired of giving the benefit of the doubt. The ENTIRE system is a complete fraud and scam.
File a UCC-1 against your straw man the Banksters established for you kindly at birth. Notify the IRS you are rescinding your voluntary willingness to pay federal income taxes (unless you live in D.C., Guam, Puerto Rico, or literally work for the United States Corporation). Try to avoid the vaccines, flouridated water, and GMO foods designed to kill you or at a minimum make you fat and dumb.
They need someone to push out the door to the crowds with pitchforks and torches. Someone with the name Evans works just fine...
I default the answer to Son in Law with Pauly Shore:
"INBREEDERS!!"
He looks like the offspring of Randy Quaid and a wharf rat.
Is that a Jackson Pollack painting?
Another Deep State puppet.
That man is the living embodiment of the term brain fart.
Your avatar image is so creepy it startled one out of me... at least i thought it was a fart.
That's my wife's passport photo!
Pardon me, congratulations!
Duh, negative rates and more QE. My parrot can repeat it over and over again.
These bone-heads get a PhD for it.
Some of these pompous dumbfucks teach our youth to be just as full of.
Using their broken economic models.
Same dot plot from 2012, and will look the same in 2018. Always just another year of ponzi printing. Just a reminder like all good servants these clowns take their orders from someone else. Does anyone really think the people that own this country would leave their well being to academic clowns like this.
Please almighty oligarch's get some more imaginative liars.
They know becasue they connected all the dots with crayons during "time out". Now they are back making even more graphs based on invented data points and it is time to get out the crayon again to make sense of it all but unfortunately the fool ate it.
This character looks as inbred as many of the criminal bank$ters he repeatedly sells his soul for. Room temp IQ in reality, he needs an immediate douche swirly of his brain, and repeat as necessary.
That and Yellen and no wonder we are so fucked.
Looks like Spicoli's achievement test.
OMG, who is this guy? He looks like Gomer Pyle's retarded cousin. Who takes these people seriously?
I was thinking Randy Quaid, except for the hair.... Shitter's Full!
What a way to end off a Friday!
This guy looks like he's mentally challenged.
Oh his pretty dot chart. Maybe Yellen gives him a gold star for it.
God help us when we have clowns like this in charge of things.
Guess he's helping Illinois and Chicago go into the economic abyss as well.
Okay. So raise the FFR already motherfucker!!!
Sorry .... just can't stop picturing Evans with a Hitler mustache ... not beause I think he could or would act anything like Hitler. It's just because, you know, photographically it seems to fit.
You really have to be one dumb mother fucker to listen to these clowns.
Gold Bitchez.....I pick up pennies
Where is flying caveman? I would rather see his avatar than this dolt's face.
False alarm. It wasn't his dot plot he was looking at, it was his "Lite Brite".
Every family has one.
i think we have had enough years under globalization, i think its time for local economic developement instead, globalization has failed because its not energy efficient, from a logistics point of view its not logical to burn billions of gallons of a finite resource to transport potatoes from usa to china
LIfetime tenure, professional adulation, generous speaking fees, and high social status are enough to corrupt the sanity of A-N-Y-O-N-E.
Where there is a sufficient incentive to discount reality, reality will be discounted, and madness ensues.
So, when you wonder whether the power elite are stupid, corruptly deceitful, totally mad, or actually believe the nutty ideas they offer there answer is:
D) ALL OF THE ABOVE
Because what is power, if not the ability to (at least temporarily) suspend reality? And why suspend reality unless you prefer something other than reality?
The power elite are literally mad.
Weak chin, we are in big trouble.
Dumb charts to dumb people.. works fine.. it has been working for YEARS!!!
Dumbest thing I'm reading today is stocks are higher
Couldn't let the best week in years end on a sour note
Draghbama: "Whatever it takes"
Yea, these assholes are "in charge". That's fucking scary.
Dats nuts.
In grammer school, even the whimpy kids beat the shit out of him. Because he looks like he needs it. In highschool, everybody beat the shit out of him. Because they knew he needed it. Just look at him. His face and looks cry out to be smashed. we haven't even got to why or how this early social treatment led to his perverse view of the world. But in the end the biggest question is whose dick did he suck to get this current job; or was he just bending over for the chance to become one of our leaders.
... _ _ _ ...
Looking at that droog makes me want to whip out a Thompson Water Cooled Sub Machine Gun and go Bonnie and Clyde on the fucker..........
He looks kind of like the guy who used to sit in the back of class, fart and pick his nose and wonder why everyone avoided him.
He looks like an extra from Tod Browning's movie "Freaks"..Has anyone checked to see if he has flippers,instead of feet?
he looks heavily medicated...which might explain what they are doing.
Well, they say picture is worth a thousand words.
I'll be damned if I am going to write the word "duh" a thousand times.
A picture used to be worth a thousand words.
Because of the Fed's inflationary policies, a picture is now worth a trillions words!
The guy in the picture looks like an athlete in the Special Olympics with his mouth open.
He's got a face that my fist would love to smash!!
Evans was obviously 'home schooled' so he would not get beat up for looking, and sounding, and being, retarded. It is entirely understandable how he wound up being hired at the Federal Reserve to be spokesperson when SHTF. It takes the heat off of Old Yeller whom we all love & admire.
Do I see drool on the lower lip or is that,,,, nah.
ZH would ban me forever if I went there!
Just look at his face. There is definately something wrong with him.
Double post. Damn
He is a and looks like an academic. If you look like that outside academia you don't last long.
https://en.wikipedia.org/wiki/Charles_L._Evans
It seems that these days I read more dumb or retarded things than things that makes sense, or is it just me?
I starting to suspect I retarded because I waste time read it.
....Everyone thought the Stork was brain damaged....
He even looks that dumb!
Do you suppose he'd look like Ben Bernanke if he grew a beard?
I just like the word Retarded.
Evans is the sofa king
Sofa king we Todd did
just looking at that prick should have sent the Dow LLD, I still can't fathom why the market rallied after listening to that retard Yellen the first time!
Now thats your Forrest Gump!
.
Is it just me or does this guy look like Watto, Anakin Skywalker's owner? All he needs is short faerywings! This guy is Jedi-proof!
Lol. That's a classic comment there. Zerohedge comments are mostly funnier than those liberal retards at The Onion.
His comments were take out of context - what he really said was
Fuck you savers - fuck you main street business - we don't care about you.
Dot plots? Really. Sure look like gunshot groups to me.
You beata me to it - we agree.
Looka like someone finished their target practice.
If you asked 3rd graders to put an IQ number on Evan's picture, I'd predict a high no greater than 50. Adults assigning the number would probably even come in lower.
while crushing the rest of the economy with trillions of debt
The problem is not debt. Responsible traders take on debt all the time and pay it back. The problem is government counterfeiting. It is very important to recognize this if we are ever to install a better MOE management process. And one must never forget, a rollover is a DEFAULT on a trading promise.
Yes, we have Counterfeit Government.
Thanks for asking. lol
No, I agree. Lots of loss of integrity = counterfeiting.
Asians and other take advantage with their fake labor force rights and wages and environmental regulations in the financial scheme called "free trade".
But our corporations fake lots of stuff too like accounting rules, financial ratings, financial disclosures, and their profits which get taxed minus all the perks, benefits, remodeled offices, auto fleets, limos, airplanes, apartments, houses provided by the revenue.
Interesting topic since we also know about naked short selling.
and to think this Moron is on what? $2 Million a year?
That picture alone should have sent Gold to $2000 instantaneously LOL
Gomer Pyle at age 58.
Gomer Pyle at age 33. https://www.google.com/search?q=gomer+pyle+images&biw=1366&bih=647&tbm=i...
Americans, don't waste your time watching "One Flew Over the Cukoo's Nest" because now you are living in a nation of insanity run by psychos.
According to Bank of America Merrill Lynch:
https://app.box.com/s/0o21rzvo4bdff5ka4hk3lvd1d3fmower
The real cost of QE
QE was not a free lunch after all
Eight years after the crisis, we are still debating about the recovery and whether the Fed should hike from zero rates. The world economy is actually losing momentum. Things could have been worse, in our view, without aggressive central bank easing. However, we argue that relying too much on unconventional monetary policies could be a reason for market turmoil this year.
We should have known something was wrong
The Fed “taper tantrum” could have been the first signal that QE had gone too far. The second warning may have been the across-the-board EM sell-off that started in mid-2014, as QE tapering was coming to an end and the market started pricing Fed tightening, a sell-off that intensified substantially this year.
The point when things started going wrong
The Fed and other major central banks were the first to act when the global crisis started and we believe their actions helped avoid another great depression. However, at some point monetary easing appears to have become the “go to” policy tool to address every problem and risk in the economy, when action in other policy areas might have been more effective.
This is when market behavior started to change, reacting positively to bad news. Wall Street was increasingly deviating from Main Street, which in our view was not sustainable. We believe that excessive reliance on unconventional monetary policies has had side effects. We have been experiencing these side effects this year, and there may be more to come.
Now what?
The story of the year so far may be that of a negative feedback loop leading to a bad equilibrium. First, risk assets sold off expecting the Fed to tighten. Then, the sell-off went too far and started affecting the real economy, including in the US. Now, the Fed is not tightening as a result. However, postponing Fed tightening does not necessarily increase the demand for risk assets. This is a new regime, in which bad news is bad news. This is how it is supposed to be, but the adjustment back to normal has not been and is not going to be smooth, in our view.
In the very short term, risk assets could find support from oversold levels. We would be tactically short the four major G10 currencies, against almost everything else, as major central banks either stay on hold (Fed, BoE), or probably ease even further (ECB, BoJ). Our analytical tools also support this view.
However, our risk-on FX recommendations are only tactical. If the US data improves in the months ahead, the Fed will likely tighten and risk assets could sell off again. If the US data remains weak, or weakens even further, we would expect risk aversion, as the threshold for QE4 by the Fed is high—and even were it to be enacted, more QE may not be as effective.
it makes perfect sense if you understand that the fed ultimately measures economic activity in terms of banking and finance activity adding up to some target(secret) aggregate amount. those dots represent the targets for where bansters want growth to go or not, supplying liquidity where they want it.
According to Macquarie Research:
https://app.box.com/s/bh0unh5y596z3ktwi6rwivmsnuyhwl1r
Equities – irrational exuberance?
In our latest commentary we ask whether equities are appropriately assessing risks or whether higher FICC volatilities are more rational. Both cannot be right.
Are equities reflecting fundamentals? Most leading and trade indicators seem to be highlighting that despite aggressive monetary easing by 20+ central banks, deflationary pressures remain strong and growth rates in both DMs and EMs are rapidly slowing. In response, FICC are signalling an elevated level of risk.
However, equity investors seem to be assuming maintenance of ‘goldilocks’: low rates & ample liquidity; slow (but steady) growth and low (but positive) inflation.
Who is right? We argued here that most leading indicators have lost their informational value as private sector no longer has any LT visibility, and hence survey-based responses frequently send misleading signals. Given that FICC investors tend to be intensive macro data users, they are highly susceptible to whiplashes of false signals. As long as public sector continues to dominate macro outcomes, FICC investors are at the mercy of unpredictable shifts, driven by CBs rather than fundamental drivers. Therefore, our traditional assumption— that whenever there is a conflict between FICC and equities, the former is almost always right— might no longer hold, as FICC investors are now just as ‘blind’ as equity investors. Hence, equities just might be right.
However, we are concerned on two counts: (a) global economy continues to reside on a de-facto US$ standard and the US is not generating enough US$ to enable continuing global leveraging (absent strong recovery or QE4, supply of US$ is falling at ~5% clip); and (b) efficacy of conventional monetary policies seem to be largely exhausted. As global velocity of money declines, incremental QEs required to grow liquidity are on an ever increasing scale (~US$1.5tr+ in ’16 and escalating to infinity). Hence, there is a need to re-assess nature of QEs.
We doubt that the alternative of CBs abandoning desire to regulate and ‘smooth cycles” and letting deflationary business cycle to reset itself is on the cards.
If conventional QEs lost potency and aggravate global deflationary pressures, why do equities assume that lack of tightening and further QEs would guide economies towards ‘goldilocks’? We believe that it is a simple ‘Pavlovian reflex’. In the past, this relationship worked because QEs were generally successful in temporarily reducing deflationary pressures. However, short of massive rise in monetary stimulus, it seems that incremental changes would no longer be able to achieve such an outcome. Are we ready for more extreme policies? The next stage is likely to be CBs directly funding fiscal spending, investment and consumption. However, to accept such a radical shift requires ‘accidents’ and a severe slowdown. Over 12-18 months, chances of both are high but low over ST.
Hence in the ST (3-6 months) we anticipate neither aggressive QEs (with at best limited efficacy) nor extreme unconventional policies. Therefore, as investors progress into ’16, supply of US$ is likely to continue contracting, deflating global demand and constraining liquidity. This would lead to regular bouts of volatility rather than goldilocks and could easily reverse current equity euphoria.
Hence, we are reluctant to back weaker EMs, and continue to play ‘safe’ by emphasizing countries with trapped local liquidity, some flexibility of monetary & fiscal policies and countries that do not excessively rely on commodities. This continues to tilt us towards India, China, Philippines and Taiwan and away from Indonesia, Malaysia and Thailand. We also continue to emphasize our ‘Quality & Stability’and ‘Sustainable Dividends’ portfolios. When would be the time for our ‘Anti-Quality’ portfolio? Probably sometime later in ’16-17.
So, you are saying we have a chance?
Yes, a chance to start over after everything falls apart. ^^....
We allow this. Shame upon us all. Deep, deep shame and embarrassment while it all falls apart.
If you superimpose the first dot plot over the second you get a picture of a unicorn.
Is that a unicorn? I thought it looked more like Janet Yellen's ass.
Please, keep your Carnal Knowledge to yourself.
Sorry, I just had to share.
The U.S. Economy is stagnant /dry.
The Global Economy is in free-fall.
Emerging Markets are eviscerated.
No room for growth, and there are too many barriers to entry, startup capital required for any meaningful business that you could support a household off of are too high.
The Jobs numbers are "fluffed" because everyone who has a job has two, so the jobs numbers for the past decade are atleast over stated by atleast double.
If there are 100,000 jobs created, thats really like 40-50,000 people who got two jobs (if you even believe the jobs reports).
So whatever "growth" happened for 10 years, cut that number in half and you probably are beginning to approach the real numbers.
As for the modern art that they call a chart, I dont really care what they are trying to say about it because its obviously meaningless.
space invaders
He looks dumb as fuck.
That's an insult to fuck.
Mook
Douchebag
Villiage
Dot plot Bob
Lawdy, Lawdy......
Locks his car doors but leaves the windows rolled down.
And had to call his wife the other day to bring the other set of keys so he could get out of the car.
The day is still young. Has Krugman opened his trap yet? See this is the thing about having or making a list of the dumbest things said. Its gets very long all to fast. This week alone we had some cake takers.
Think Im wrong? Turn on the news tonight.
Clearly the Fed's code is so advanced it can only be run on a computers like the Zenith ZWL-184-97.
Oh WOW. How cool is that? I just noticed that if you connect all the dots in sequence, it clearly spells out... "The reason Janet Yellen couldn't finish her speach the other day was because she crapped her pants."
I use to do IP/SNMP management for a number of large telecom corporations in the 90's and this diagram looks like what we use to call the endless ball of string or "harry eyeballs" when you ran discovery of your network segment(s) that had thousands of nodes on them using tools like HP Openview before you made order out of the visual chaos with filters and containers to properly represent each of them...
This is both too dumb and too scary to contemplate with respect to what this is supposed to represent, and the fact that the Fed even used this without a detailed explanation of the modeling tools and data used should tell you they are completely insane or sniffing glue and as a result killing brain cells in their delerium of abusing their job as stewards to the health and welfare of the economy.
All I can say is get out the "Mark Dice" and have him gin up some bullshit of what it's supposed to represent wandering through the streets of La Jolla asking the everyday American with a clipboard "yes" or "no" if they agree with Mr. Evans that the economy is sound with nothing but "good times" ahead of us!
Who says Hitler wasn't fascinated by the mentally challenged , here's proof right there.
Guy looks like a dumbass, on purpose of course. Because when your paycheck (or your life) depends on ignoring the truth, that's exactly what you do.
FUCK YOU Evans!
America will not rise until the FED is no more.
Just say no to the Fed Acid, its starting to really freak people out.
Time for the Winchester brothers (Sam & Dean) to kick some ass.
Especially Dean.
These butt-heads at the FED truly ARE Monsters, with a capital "M".
LOL , Look at that Fucks Face , what else do you think he is going to say...
The longest run looks like a Christmas tree. Has he been applying rorschach (inkblot) test to predict contrarian market stigma.
Joke:
Market Muppet: I've got some ice cream, you want vanilla or chocolate?
Contrarian: um, do you have rainbow flavored?
He's a model of the progressives idea of equal employment opportunity. There were others who were equal, but also qualified, but that was not in the specs...
I makes me sick to know that guys like Evans actually are getting paid to come up with this -- stuff ..
2 weeks ago. 2 Mondays ago. I got a tip for a referral from a friend that works for a major (a very well known product in virtualization) IT firm. (I'm an IT guy). I was supposed to have an interview this past Tues.
The day of the interview, a got an email announcing it went poof. I'll spare you the bloody details. The thing is, the compensation would have been such that more than I have ever made in my entire human existence.
That was one of 6 applications I submitted at this firm. So, supposedly I'm still in contention for the other 5. The thing being that these five are salary with bennies and relocation. (I'm in Texas. All 5 positions are out of TX.)
The one that got cancelled, at the very last minute (less than 24 hours notice), was a short term contract. And they simply opted for local candidates. But they could not tell me that, the previous Friday, when I agreed to an interview, that which was Skype in nature, and I had to purchase a good webcam, with my very few hard earned USD/FRNs. Which thus far has become a waste, because I could have utilized those precious 25 bones in other more practical endeavors.
I was supposed to get an update on the other 5 positions by today, but my clock reads 5:01 PM on Friday, and being Monday a paid holiday for most, people are thinking more of a 3 day weekend, rather than any so-called important work that needs to be done.
My guess is, based on experience, the other 5 positions are going to move very slowly. By the time they come to any decisions, it will be closer to Nov., and way too many decision makers will be thinking of the holidays. And fiscal budgets generally are expiring about this same time. So most likely, I'm looking at 1st quarter '16 on any of those.
I recall a similar situation in Oct '10. The recruiting process took until Mar. '11 to actually get an offer. I did get and take the offer. Lost it all in the summer of '12. So what is the use. And to compare either '10, '11, or especially '12 to the present in terms of recovery? Please don't make me laugh.
I'll share with you Greg Hunter's latest, and his hand-drawn labor participation chart ..
https://youtu.be/C_OcqyzeKc4
I'm a strong critic of everyone. (Some more than others) Hunter especially included. I let him know via fooser77 ..
...
Dude are you serious? You're pissed because VM Ware is moving their jobs all over the place and you are being inconvenienced?
You sound like a good and qualified candidate. You will most probably get one of the positions and somehow this all about the government something or other?
For fuck sake -- You work in TECHNOLOGY and it change about every 15 minutes.
Don't mean to make fun of people's appearances but doesn't he look like Goober on Andy of Mayberry in a suit? Goober might as well be a be a director of the Fed.
See, radiation does effect our ability to think.
I think.
Hate having to goto work, its all yours faults! Petrodolla
Seriously this is as close to a photo of a retard as you could get and you half wits over the pond are taking monetary policy decisions from him and his like. Then again you elected Bush x 2 and Obama. I would like to believe there are still people in America who can think for themselves but my hope dies by the day.
Fuck sake. We are all doomed.
He likes the little pictures which are similar to trade-weighted indices:http://fx.sauder.ubc.ca/fxidx.html
And also follows believes in Purchasing Power Parity:http://fx.sauder.ubc.ca/PPP.html
Then,all of a sudden he and others are worried about trend projections with other countries:http://fx.sauder.ubc.ca/trends.html
Him and Yellen seemed to be overly concerned about everybody else now!
The long term dots look like a Christmas tree. Reminds me of If if & buts were candy & nuts we would all have a merry Christmas.
I saw that guy in a SNL skit, he played the part of the blow up doll.
I hate to make fun of a face...but Evans..you do look like a "money" molester...
---
You know whats dumb? DUMB is miising this massive rally -- not making money -- and doing so because everything is a conspiracy and about to collapse and Putin is a hero and buy gold...
For fucks sake people...
What really happened:
Fed had scatter plot drawing contest for family members that are 5 years old and under.
Winning plot is presented as absolute concrete proof that economy has lifted off.
What really will happen:
See Hindenburg meets static electricity.
With the repeal of Glass Steagall and the resulting demise of the M's, the Fed has exactly zero idea what the monetary or capital base of the country is. When they talk about making decisions according to their "data points," what it amounts to is throwing shit against the wall and see what sticks. Sort of like that second chart, except it's all brown and gooier.
which dot is the 92,000,000 unemployed?
which dot is the $quad-trillion, anchored to thin air?
You guys need to be more careful what you are doing. I read this earlier today and it made me dumber. I just relearned how to type.
He's so far up somebody's ass you can't even tell where he ends and his master begins...
Mr. Micawber says that maintaining credibility is key to monetary policy. Indeed, yes.
That is why their last meeting was so damaging. It was an admission that they are no longer capable of managing events but are simply waiting around in hopes that the fire will burn out before it reaches their house.
They aren't calling in any more air assets. They aren't starting any more backfires. They aren't dynamiting buildings to create firebreaks. The fire is their master and they now know fear.
The caption underneath his picture should read:
"Duuuuuuh, which way did he go George?"
http://www.cbc.ca/radio/ideas/it-s-the-economists-stupid-1.3219471
This was a fascinating little chat on CBC called "Its the Econoimsts Stupid"
How economic 'modelling' is bunk....from an economic modeller.
Everyone that has a position of his own, is more or less biased to that side. What we do then, is search for information that confirms our view. And this is the result.
Candle Sticks say a lot about investor behavior as I believe it’s a representation of the market’s psychology. And after last week’s relentless short squeeze (so they say), I noticed a Low Energy day last Friday.
A Low Energy Candle Stick, is a candle stick that forms after a short term uptrend in which the close is at or near the open of that day. In my view, this pattern that we saw yesterday, is a sign of doubt in the market, at least for the short term. It doesn’t have to be a perfect doji.
What I did was the following. I searched for similar patterns as last Friday. And I found 28 periods in which this candle stick pattern popped up since DEC 2014. Strategy to follow: enter a short right before the market closes or at the open of the next day. Set your stop loss and take profit at 1.5%.
The outcome based on 28 trades (excl transaction fee and no leverage) adds up to 15%, which is equal to more than 300 S&P500 points!
http://tripstrading.com/2015/10/10/sp500-suffering-from-low-energy/
Most of what he says is lies. But one thing he can ctruthfully claim: He didn't get where he is by exploiting his looks.
The second one looks like a fetus brain sold by planned parenthood. Thank Gawd it wasn't shot first. What flies for intelligence in our governmetn is simply astounding in its stupidity.
Looks like weak chinned, inbred, sister fucker, to me.
There was a time when you had to at least look intelligent to work at the Fed. Between this zombie and the stumpy grandmother, it looks like the Fed is having a supply problem.