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Back-To-School Spending Is In Detention

Tyler Durden's picture




 

Perhaps summarising best how so many of the back-to-school shoppers feel, Reuters cites this insightful 18-year-old thus: "I feel like the economy is messed up [and it] feels like we are still in recession." The equity market's response, of course, is "whatev'" and while it has been three years since the 'official' end of the recession, unemployment among teenagers is the highest since 1964! The anecdotal evidence is starting to pile up as we see retailer after retailer cut outlooks - which is especially concerning since the back-to-school period is the second-biggest selling season after the winter holiday season and as the head of BizDev from Mall of America notes: "We used to see people starting [back-to-school shopping] in late July but I don't see that anymore" as "consumers have shown tentativeness in their spending habits" and are likely to push off the spend until September, and "just shopping when there is a good sale."

Once again, consumers have become conditioned to wait for discounts - and sure enough 20%-plus price reductions and more aggressive promotions are planned according to Accenture's retail practice.

However, one quote on 'thriftiness' struck a chord: "We are borrowing this year to fund a lot of things that we normally would not have borrowed to do. It makes me nervous, we are selling our second home to help pay for things" - oh, no - not your second home!

 

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Sat, 08/11/2012 - 16:31 | 2697749 Ahmeexnal
Ahmeexnal's picture

Yea……………

Nowhere to go…No place to go...
I'm real screwed up, my eyes are sore from smoking all that shit…
No place to go…
Bottomless heart, so big that everything just gets lost in there
And if it never comes out,… that's ok by me..
And on other side, ………..at the top there may light at the end of the tunnel
..I just don't think I'll be the same…
I'm just warning you…I'm warning you all..no crutches….no nothin'
…I am…going to live the end…apocalypse man….what the hell else is there to do?
I want a mission, not a gig or a good time, I want a mission
Scrawny stiff legs and despair come walkin my way with an achy step
Shipwrecked souls desolation paradise……
bountiful wonderland of lost souls staggering around arms out stretched looking…
for something…….lonely hero man sitting on the crest of the apocalypse
and our boy says something like uhhhh…..
hey sir, ..I'm a man away from home,… and my soul is out on loan,
could you throw us down a bone,…so I wouldn't be all alone
'cause I wanna see it all, and I wanna have it all, and I wanna see it fall,
and I wanna take it all away..
February 13th, birthday new shirt around my neck, shivers up and down my spine,
The time is mine and I'm feelin fine ..and I take this one thin dime
And I call my mom on the phone and say…
Say something to warm her heart..
Say uhh your boy done fucked up…
Had a bit of hard luck….went down a wrong trail, messed with the wrong people
And just lost his mind ..just lost his mind …just lost his mind…..
just lost his mind ……...just lost his mind ……..just lost his mind ……...just lost his mind
……….JUMPED!! …. get stuck in the trunk,.. got stuck in the jungle
and their jokes and their votes and their wrong side looks, and all the notes in the books,
and all the wrong turns and all the bad burns…
and he never learned to not get burned and he never learned
one more wrong turn led to another wrong turn….
YAAAA!!PEOPLE!! …these people.. are for real… they watch television….
They run in circles….they bark like dogs …they nip at my heals…..
They wanna put a collar around my neck…..they want me to be like them…….
Well I just walk right past, right over em, right though em, right on top of them…….
I crush their face….'cause it's easy…'cause their nothing ….'cause their nothing
……. little dogs….humping dogs…stickin' that thing in any crack that passes by……..
Dirt falling in my mind, ..dirt gets stuck in my mouth, dirt gets stuck in my eyes…
Seeing everything through dirt, all I see is dirt, all I know is dirt…..just talking dirt,
Talking dirt, Digging dirt, loving dirt, rolling in dirt………
Dirt river, dirt slithers, dirt lovers, dirt undercover, dirt over color

aaaaaaaaaaaaaaaaooooh …………..
I've felt dirty before, but it never felt quite like this,
I've seen dirt before but it never looked quite like this
I've talked dirt before but it never sounded quite like this………..
That's not the way it is….That's just the way it is around here…around these paats..
OOOH!!
........It took a long time to make a long rhyme,
It took a long time to make a story short
It took a lotta lives and a lotta lies to make this story what it is
And stretch it into a disgusting distortion and proportion and detail….
And you can retail that, and sell it to the market and see what you get
Bring back the proceeds and we'll spend it on …something that works..
Something that will save me, something that will get me out of here…
There's nothing I want more….like out…
there's nothing I like to roll in like dirt…. …….LOOK!!......
Ashamed of myself….I've looked at myself…I've hated myself……..
And if we could all just …..get together and hate a little…we could hate one another…
Hate our sisters and brothers in the sea of disuniTy….
Get my fill when the bloodspills, Get my fill when the bloodspills
Get my fill when the bloodspills, I get my freeze with the chillspells,
I get my thrills with the cheers feel, I get my thrills with the cheers feels,
the glass breaks….Chills up and down my spine and I'm feeling fine..
I was feeling fine the time is mine………………..
Spendin time to time getting my beer and all the gulls wing inside my head,
and alarms goin on and off ….
all fucked up…all messed up…open my eyes, too much breathing,
too much of that fucking dirty air…..makes me talk shit …makes me live shit…………………
makes me wanna kiss the ground, better than kissing you…dirt girl, …in that dirt dress…
what's up that dirt dress ..what's up that dirt dress….ain't nothing but a bunch a trash
ain't nothing but a bunch a trash ain't nothing but a bunch a trash
ain't nothing but a bunch a trash, but you seem to have me quite interested, …
quite interested, I think I'll walk your way, I think I'll say your name,
I think I'll come over to your house..
Eeeeeeeeuuuuuuuwwwww you got something for me! you got something for me!
I'm the man among men walking tall with a plan,
You can send it around the world, you can hold it in your hand
You can bring it on home, I'm Armageddon man giiirllll……
Armageddon man giiirllll!!!... Armageddon man giiirllll!!!
And I want the whole world …I want the whole world …………I want the whole world
I wanna make this place a better place……and send my shovel and face…everywhere….
A statue of my effigy ………..they erected a slum in my name …..
Henry Rollins memorial slum …. Henry Rollins memorial pit…..
Got a grave with my name…..I gotta grave that always looks the same ……
Through the eyes of a fuckin' bug !

Sat, 08/11/2012 - 19:06 | 2697968 smiler03
smiler03's picture

Saturday night is Mushroom night!

Sun, 08/12/2012 - 09:24 | 2698570 GMadScientist
GMadScientist's picture

And every night is Saturday night-ight-ight-ight.

Sat, 08/11/2012 - 19:06 | 2697969 engineertheeconomy
engineertheeconomy's picture

I got Arthritus from trying to scroll past all that...

Sat, 08/11/2012 - 22:51 | 2698176 Sokhmate
Sokhmate's picture

I got carpool tunnel syndrome from scrolling.

Sun, 08/12/2012 - 05:23 | 2698450 slackrabbit
slackrabbit's picture

Are we there yet?

Sun, 08/12/2012 - 09:43 | 2698597 TrainWreck1
TrainWreck1's picture

I got diabeetus from scrolling

Sun, 08/12/2012 - 08:30 | 2698539 Tijuana Donkey Show
Tijuana Donkey Show's picture

TL;DR

Sat, 08/11/2012 - 16:22 | 2697754 Atomizer
Atomizer's picture

All members of ZH, please report to Room #101 immediately. Code Red, I repeat code Red.

 

Atomizer: Thank you for arriving on such short notice. We’ve received a dire request to assist in new ways by providing mathematical miracles for the DNC 2012 election.

Atomizer: This asset is paying high dollar value to help his puppet employer run new commercial ads to reach out to his voting support group and explain common math problems.

Atomizer: I forwarded this to our Asset.

Y = C + I + E + G 

Y = GDP

C = Consumer Spending

I = Investment made by industry

E = Excess of Exports over Imports

G = Government Spending

**Consolidating core manufacturing units will enable higher returns on risk investments. ;)

Asset: We already know about this. Our policies are not working. Do you think we’re that insane by sharing this information to our voting support group?

Asset: Fuck you Atomizer, you’re fired!!

Sat, 08/11/2012 - 16:41 | 2697777 Yen Cross
Yen Cross's picture

 That's why China sells $'s Atomizer! You just won the " Golden Unicorn" award!

Sat, 08/11/2012 - 17:02 | 2697810 Atomizer
Atomizer's picture

I have to decline that award. Appears someone already holds the title. Smirks.. Not going to fuck with than cutie!

Click here

Sat, 08/11/2012 - 17:30 | 2697860 Yen Cross
Yen Cross's picture

 She's an ASSASSIN, and did I mention the "Golden Unicorn" XAU Knuckles?

Sat, 08/11/2012 - 17:48 | 2697879 Atomizer
Atomizer's picture

tisk tisk, I try to leave my dark humor at the ZH gatekeeper login. You always seem to catch me. Winks

Have to log off and enjoy life. Take care!

Sat, 08/11/2012 - 21:36 | 2698095 Never One Roach
Never One Roach's picture

Just please tell me that no ZH readers are sending their kids to first day of school wearing socks with their sandals....What a fashion blunder!

Sat, 08/11/2012 - 22:13 | 2698137 unwashedmass
unwashedmass's picture

 

no, we spent all our money on the coolest pocket protectors. 

Sun, 08/12/2012 - 08:33 | 2698542 Tijuana Donkey Show
Tijuana Donkey Show's picture

Shit. I got my kid a new Palm Pilot, so he can keep track of his schedule. The future is now!

Sun, 08/12/2012 - 09:21 | 2698566 FEDbuster
FEDbuster's picture

My kid is a senior in HS.  I asked him what he needed for "back to school" clothes, shoes, school supplies, etc....?   His reply, "nothing".  I bought him ten 15 cent notebooks and a ten pack of G2 pens just in case he needs to write something down.   Next year off to college where the expenses will get "real".

Sun, 08/12/2012 - 09:28 | 2698575 GMadScientist
GMadScientist's picture

White pantsuits after Labor Day.

Sat, 08/11/2012 - 16:24 | 2697756 OldE_Ant
OldE_Ant's picture

lol.  Push off spending.   How about cut it out completely.   Hell one could sit there with a digital camera and 'take notes' - forget about notebooks.  Pencils/pens - I have a i-pod or laptop and my teacher accepts e-mail homework submissions.   Hell the day is coming for tests the teachers will just put the test out on wireless and wait for returns - school supplies will become superfluous (already are in a lot of places).

Heck with computers and the internet - who needs to learn anything anymore?

And higher education is just an overpriced party!  So hell take your college loan, start throwing parties and you too can be the next Risky Businessman.

End of Line

Sat, 08/11/2012 - 16:42 | 2697778 HungrySeagull
HungrySeagull's picture

Been there done that. WHen I was in University, the textbooks we bought were sold back unopened.

Yes unopened.

It's all Google Baby,

Sat, 08/11/2012 - 18:43 | 2697946 TrainWreck1
TrainWreck1's picture

Wonder if Obama sold his books back?

Sat, 08/11/2012 - 23:49 | 2698255 benjamin_1114
benjamin_1114's picture

Had a garage sale in a upper middle class neighborhood in MN the last few days with a lot of kids clothes for sale.  They pretty much all sold to people saying it's cheaper then shopping at Target/Macy's.  My wife is now fired from buying new clothes for the shorties.  I might have to sleep on the couch for a while, but that's better then the massive hole she leaves in my checking account the end of every summer.

Sun, 08/12/2012 - 05:19 | 2698446 slackrabbit
slackrabbit's picture

How about a trade in for a cheaper model ;-)

Sun, 08/12/2012 - 10:54 | 2698665 aerojet
aerojet's picture

The difference between being considered a super guy and a fucking worthless deadbeat is about $10,000 over a lifetime.  Food for thought.  I have nothing against hand-me-downs and the occasional used clothing, and kids grow out of clothes really fast, but you need to be careful here--the "cheap bastard" label is not applied suddenly, it is a matter of precedent, especially with women.

Sun, 08/12/2012 - 13:09 | 2698843 rambo1028
rambo1028's picture

Target and walmart are sometimes a little too expensive for my nudget, however I have managed to keep my son in childrens place and gymboree clothes by using craigslist and garage sales. I pay $2 for what your wife bought for $16.99. Anyone who pays retail these days is insane. Another bonus is, the clothes from gymboree and childrens place are made so well that I can then resell them most times.

Sun, 08/12/2012 - 09:29 | 2698577 GMadScientist
GMadScientist's picture

Did you ever go back a second day?

Sat, 08/11/2012 - 21:40 | 2698101 mofreedom
mofreedom's picture

My kinder g has to buy kleenex and papertowels for school.   I have a stockpile of napkins from Mc Donalds that should suffice.  And the lovely smell if fries...

 

Sun, 08/12/2012 - 10:51 | 2698662 aerojet
aerojet's picture

I don't think taking photos of a whieboard is going to help you learn anything as compared to actually taking notes.  There are few shortcuts to actual learning.

Sat, 08/11/2012 - 16:26 | 2697759 shinola
shinola's picture

In 1934 did anyone know that they were in the middle of the Great Depression?

Sat, 08/11/2012 - 17:38 | 2697871 Skateboarder
Skateboarder's picture

Unlikely - they read the newspapers and wondered what the hell was going on. Fast forward almost 70 years later, replace newspapers with TV and internet, and only a few of us know that we're in the middle of being raped right now.

Things that went up: stupidity, false security, population, debt, centralization.

Things that went down: critical thinking, freedom, responsibility, wealth, self-reliance.

Yep, we're fucked alright.

Sun, 08/12/2012 - 09:28 | 2698574 FEDbuster
FEDbuster's picture

History will look back on The Greatest Depression or Great Depression v. 2.0 wondering how the governments and central banks were able to cover up the misery and kick the economic can for so long.  Of course when they can't anymore, everyone will "wake up".

Sun, 08/12/2012 - 10:55 | 2698668 aerojet
aerojet's picture

Do people even watch news or read newspapers?  I don't bother.  Maybe old people do, I don't know.  I think Americans know that things suck ass and they have tuned out because who needs to keep hearing hte same message over and over?

Sun, 08/12/2012 - 09:37 | 2698585 GMadScientist
GMadScientist's picture

I talked to my grandmother before she passed about it; she was in her early teens in 1929 so she remembered quite a bit. Yes, they knew they were in a depression (dumb fucking question), but no, they didn't have a clue whether it was a half-way point or not. Everyone had seen hard times before, but the scale of it and the dustbowl made looking to a brighter future next to impossible. She remembered hoboes coming to their backdoor to beg for food, how their diet changed radically to adapt to what they could afford, and about the near-constant fighting over money it brought out in my g-grandparents. They had it relatively easy by comparison and knew it.

I honestly don't think babyboomers and Gen-X-ers will be able to handle the coming shitstorm while retaining anything like dignity.

Sun, 08/12/2012 - 12:31 | 2698779 JimmyCDN
JimmyCDN's picture

I think you are right.  Most of the BBs & Xers are spoiled and self-entitled.  Some of us have, at the very least, have mentally prepared.  It is in these times of great adversity that true, community building leaders will emerge...

Sun, 08/12/2012 - 12:59 | 2698827 Overfed
Overfed's picture

I'm a "gen-Xer", and I see pretty clearly what's going on, doing my best to prepare. Most folks my age (early 40s) have a mortgage, car payment, payment on a couple of quads and a trailer to haul them, boat payment, credit card payment, student loans, etc. They're fucked.

My only debt is my sub-$600/mo. mortgage. I could make that flippin' burgers.

Sun, 08/12/2012 - 15:39 | 2699087 Jena
Jena's picture

Talk to your grandparents (or ask your parents if they remember any of the stories).  They knew.  Mine sure did.  Lots of stories of how many hours they worked for how many cents or how many burlap bags of cucumbers, flats of strawberries, bales of hay they sold for how little money.  My husband's grandmother had to leave her father and her home to live with neighbors at about age eleven after her mother died because he couldn't afford to raise her.  

Life was tough.  They knew.

Sat, 08/11/2012 - 16:27 | 2697760 ShortTheUS
ShortTheUS's picture

In a society like ours - where people work jobs they hate to buy shit they don't need - it's refreshing to see pepole starting to act thrifty.

Staples has sales from time to time where they send a rebate check for practically the entire purchase. Or they make it free outright. If you wait long enough, you can get just about everything for free.

My new motto whenever I shop there or other places is: "If it ain't free, I'm not buyin'."

Sat, 08/11/2012 - 16:46 | 2697784 Yes_Questions
Yes_Questions's picture

 

 

Are you trying say something about me driving my leased BMW to my job certifying foreclosure documents?

Sun, 08/12/2012 - 09:29 | 2698576 FEDbuster
FEDbuster's picture

Now THAT was funny, I don't care who you are.

Sun, 08/12/2012 - 09:39 | 2698589 GMadScientist
GMadScientist's picture

Your ethics may indeed count as a handicap, but please leave that space for those with actual physical ailments. ;)

Sun, 08/12/2012 - 13:16 | 2698855 A Nanny Moose
A Nanny Moose's picture

Do you hate your job?

Mon, 08/13/2012 - 00:03 | 2700101 Lucius Corneliu...
Lucius Cornelius Sulla's picture

Now that's a secure job!

Sat, 08/11/2012 - 18:31 | 2697934 Totentänzerlied
Totentänzerlied's picture

Thrift can be viewed as an effect.

If the cause is that consumers are simply strapped for spending money, they are merely adjusting to the reality of reduced purchasing power, ability to consume. Just a fancy way of saying that, if they could continue to consume a greater amount, they would, but they can't. This is what we are seeing, nothing more.

If ever the cause was to be something, like, say, a realization that the overpriced junk they've been conditioned to value above all else is not only largely useless AND poorly made, but ALSO not the solution to their unhappy, empty, and pathetic lives, THEN we'll be on to something worth rolling out of bed fo. It's a shift in mentality from conspicuous consumer to ... something else.

Sat, 08/11/2012 - 20:36 | 2698037 Freddie
Freddie's picture

I used to go to Staples and Office Depot usually once a month.  Now it is once every 4 months.  The places are usually empty too.  It is so weird.  I have shopped at those stores since probably 1986.  They are ghost towns now. More Hope and Change.

Sun, 08/12/2012 - 09:40 | 2698591 GMadScientist
GMadScientist's picture

You still drive to brick and mortar stores. LOL

"Everybody's lost but me!"

Sun, 08/12/2012 - 11:05 | 2698680 aerojet
aerojet's picture

Oddly, I can drive to to four different Target stores within only an eight-mile radius of my house.  There is also a Wal-Mart about two miles from us.  Then I read that not one, but two more Wal-Marts are being put in within the same radius.  What the hell?  Same store sales--anyone at corporate HQ driving these ships?  There are plenty of Office Maxes and Staples stores around, too, but I don't know where they are because they have nothing I need.

Sat, 08/11/2012 - 16:29 | 2697763 buzzsaw99
buzzsaw99's picture

gadgets take priority over clothes and books and chit

Sun, 08/12/2012 - 09:41 | 2698594 GMadScientist
GMadScientist's picture

But they've got apps, so you can post pictures of your clothes, and books, and chit.

Sun, 08/12/2012 - 13:20 | 2698860 A Nanny Moose
A Nanny Moose's picture

Nothing wrong with wearing worn, patched jeans. Retail outlets charge double for shit that looks like it's been run over by a dump truck, rode hard, and put away wet.

Sat, 08/11/2012 - 16:31 | 2697766 Yen Cross
Yen Cross's picture

 Slightly used " Christmas lights" for sale.  Contact; BKRupt Santa.com

 

Sun, 08/12/2012 - 09:42 | 2698596 GMadScientist
GMadScientist's picture

How much for Rudolph? Does anyone have a lien on the sleigh?

Sat, 08/11/2012 - 16:40 | 2697776 Dapper Dan
Dapper Dan's picture

Here is a letter I gave to my daughter, as she is leaving home soon , for first year of college.

 

Lydia,

This letter was from John Adams to his daughter, offering his memorable advice on choosing a husband that, in sum,  expresses what I value most in a man and what I  so struggle to be myself and have through most of my adult life:

 

  Daughter, get you an honest man for a husband, and keep him honest.  No matter whether he is rich, provided he be independent. 

  Regard the honor and moral character of the man more than all other circumstances.  Think of no other greatness but that of the soul, no other riches but those of the heart.

 An honest, sensible, humane man, above the littleness of vanity and extravagances of imagination, laboring to do good rather than be rich, to be useful  rather than make a show, living in modest simplicity clearly within his means and free from debts and obligations.

This is really the most respectable man in society, and makes himself and all about him most happy

Sat, 08/11/2012 - 16:47 | 2697785 I am Jobe
I am Jobe's picture

Send her abroad. Not in the USSA. None left. I wish you and your family the best.

Sat, 08/11/2012 - 18:53 | 2697938 Freddie
Freddie's picture

John Adams and his daughter were not bombarded by the elites from Mousekowitz et al with Hollywood and TV.    Today - John Adams would be warning his daughter about beer chugging contests, STDs and other "acedemic" pursuits at Student Loan Slavery State U. 

But hey they have a good ball team and their stadium holds over 100,000.

Americans ttraded liberty for a clicker and HD.   

Sat, 08/11/2012 - 19:03 | 2697964 engineertheeconomy
engineertheeconomy's picture

Student Loan Slavery State University

Excellent!

Sun, 08/12/2012 - 09:44 | 2698600 GMadScientist
GMadScientist's picture

They traded it for an SUV and talk radio.

Sat, 08/11/2012 - 16:47 | 2697786 LetThemEatRand
LetThemEatRand's picture

In a round about way, this article hits on an important point -- a lot of Americans are drawing down savings (401Ks, investment properties, etc) to service debt and/or stay even with spending that was previously fueled by the home equity loan ATM and/or decent paying jobs that no longer exist.  As more and more people exhaust those reserves, the economy slides further and further into the abyss.

Sat, 08/11/2012 - 17:00 | 2697805 max2205
max2205's picture

Winters coming; save those statements so you can throw them on the fire and stay warm

Sun, 08/12/2012 - 09:41 | 2698595 FEDbuster
FEDbuster's picture

I am currently recycling over a hundred AZ "Clean" Election booklets which were 90 some pages thick, into bricks to burn in my woodstove.  The booklets were left by people at the post office (junk mail) by the recycling bin.  I bought this great fire brick maker that makes them into paper mache like bricks.  Link:

http://www.kotulas.com/deals/4in1-paper-log-maker

Sat, 08/11/2012 - 17:37 | 2697869 A Lunatic
A Lunatic's picture

Maybe we need to go into the Abyss so we can see what's in it............

Sat, 08/11/2012 - 18:44 | 2697948 TrainWreck1
TrainWreck1's picture

Pelosi, sans makeup

Sun, 08/12/2012 - 02:28 | 2698383 Uncle Remus
Uncle Remus's picture

The whorer... The whorer...

Sun, 08/12/2012 - 14:46 | 2698599 FEDbuster
Sat, 08/11/2012 - 19:26 | 2697987 Offthebeach
Offthebeach's picture

Serfs, slaves, peasants have to be made. Even the doltish idiot, if left alone to his own devices, will over time make an rough shelter and improve year by year upon it. Mt Vernon, Washington's estate started as a single room. So, as the Marxist say, condition must be made to bring the masses into the new order. They will not directly accept the theft of generations of labor. Not directly, clearly. No, debt must like a knife slipped into a clam shell be introduced into every thing, product, service untilled the masses awake and find that they haven't, and will never own anything, not even their own person. And, they will think it good and be happy.

Sat, 08/11/2012 - 16:50 | 2697791 Meatballs
Meatballs's picture

You sorority girls want truth? Look to fiction- https://www.youtube.com/watch?v=16K6m3Ua2nw&feature=player_embedded

Best rant I've heard in a long time. If only the politicos had the hair.

 

 

Sat, 08/11/2012 - 16:51 | 2697793 ebworthen
ebworthen's picture

Selling the second home?

Heavens!  What a tough time for them!

Um...so...what are kids going "back to school" for?  To learn how to rehypothecate and steal other people's money, how to be a professional Mandarin, or how to file for EBT?

Sat, 08/11/2012 - 17:40 | 2697875 Yen Cross
Yen Cross's picture

I pay attention.  I like that " Collegiate" rehypothecation, "ONLINE I'm assuming" Certification program/sarc.

Sat, 08/11/2012 - 18:50 | 2697952 AustriAnnie
AustriAnnie's picture

Its not likely that their first and second homes were owned free and clear.

Don't make the mistake of thinking that a second home makes one wealthy.  It might just mean they are in double the debt.  We are seeing a lot of households realize that they cannot have everything now and have it all on credit.  

Sun, 08/12/2012 - 09:46 | 2698604 GMadScientist
GMadScientist's picture

Shooting sports and locksmithing.

 

Sat, 08/11/2012 - 17:13 | 2697831 Motorhead
Motorhead's picture

He, was soll denn der Scheiss?

Sat, 08/11/2012 - 17:30 | 2697858 govttrader
govttrader's picture

somebody tell this to my GF...she won't listen to me...i'm just a work from home prop trader..i don't know anything

http://govttrader.blogspot.com/

Sat, 08/11/2012 - 18:52 | 2697956 AustriAnnie
AustriAnnie's picture

"i don't know anything"

+1

Sat, 08/11/2012 - 17:51 | 2697884 q99x2
q99x2's picture

'unemployment among teenagers is the highest since 1964'

Who's got the acid?

 


Sun, 08/12/2012 - 09:49 | 2698605 GMadScientist
GMadScientist's picture

Run, do not walk, from that ignorant slitch.

Sun, 08/12/2012 - 10:50 | 2698659 monad
monad's picture

true. she's funny anyway

Sun, 08/12/2012 - 04:54 | 2698440 slackrabbit
slackrabbit's picture

Me first...and second....Ok so I'm a hoarder :-D

Sat, 08/11/2012 - 18:19 | 2697914 Dr. Engali
Dr. Engali's picture

The good thing that may come out of this is ,people will hopefully start to appreciate what they have. One thing that's always disgusted me is how we have become a throw away society. And that people feel the need to have a different outfit or pair of shoes for every day of the month. Then you look around you and you see people who are lucky to have a pair of shoes or a coat. There's something wrong with that.

Sat, 08/11/2012 - 18:45 | 2697949 Totentänzerlied
Totentänzerlied's picture

Some people are thrifty by nature, most only by necessity.

What you're hoping for has a chance of happening on a wide scale in Japan, maybe in Canada too, but not in western Europe and definitely positively absolutely not in America --- until and unless there is no longer any choice.

The developing world is rushing to become more like us, not less. The sustainability rhetoric remains just that - rhetoric. The economic paradigm of permanent growth has pervaded all aspects of life.

Sat, 08/11/2012 - 18:46 | 2697951 TrainWreck1
TrainWreck1's picture

Look at the way we throw away posts. All the brain cells that strain to squeeze out comments (like this one) must be asking themselves, 'is this our fate?'

:(

Meanwhile, in another lobe, the cool brain cells are hoarding the alcohol...

 

Sat, 08/11/2012 - 18:53 | 2697957 Dr. Engali
Dr. Engali's picture

Well I disagree that we are throwing away posts. I like the free exchange of ideas we have. There is a lot to be learned from others and I put great value on that.

I will be partaking in a couple adult beverages later on this evening.

Sat, 08/11/2012 - 19:11 | 2697975 Landrew
Landrew's picture

I agreed wholeheartedly my friend:) I will miss your witty ways, I will be working in Chile for the next month. Data from the telescopes take priority over ZH ha!

Sun, 08/12/2012 - 00:52 | 2697986 Dr. Engali
Dr. Engali's picture

Awesome! I love astronomy. I dabble in it myself when the kids allow it. It's hard to get out as often as I would like. Thank God for the internet.Good luck in Chile, which just happens to be one of the locations I'd like to go to observe.

Sun, 08/12/2012 - 02:48 | 2698393 slackrabbit
slackrabbit's picture

Agree.
There are plenty of good posts on ZH and Ihave learnt much.
Especially from the alcohol induced ones.
This one courtesy of a Bloody Mary in Kokopo, Papua New Guinea where I got 2 weeks work....yipee.

ZH is one of the few sites where you get both good articles, good posts and sardonic entertainment.

Time for another drink; but damn this place is expensive...

Sat, 08/11/2012 - 19:33 | 2697991 Peter Pan
Peter Pan's picture

Perhaps we will see US schools adopting a school uniform, which in turn will save parents a great deal of money given that there will not be the need for so many outfits and the need for students to out do each other. Just a thought.

Sun, 08/12/2012 - 13:39 | 2698881 rambo1028
rambo1028's picture

Funny that you say that...my daughter has always had to wear uniforms. Most of my friends kids never have... my friends in the past have always said it's too bad she has to wear uniforms. This year two of them have said "I wish my kids schools would go to uniforms." Times they are a'changin. Even the moms who love mall shopping and don't mind spending ridiculous amounts for a tshirt because it says aberzombie on it are starting to feel the strain.

Sat, 08/11/2012 - 20:10 | 2698017 takinthehighway
takinthehighway's picture

I try to take advantage of the throwaway mentality. My wardrobe runs the gamut from suits to bib overalls. I have as many name brands as the next guy. I own 17 pairs of footwear - everything from insulated hunting boots to wingtips. I'd be willing to bet that I don't have $400 in the whole lot. Those bib overalls I mentioned were brand new, and I paid twenty cents for them at a church sale. I don't have a problem with buying used - after all, once you've worn a garment one time, it's used. Tools, furniture, vehicles - quality at a serious discount thrills me to no end.

Sat, 08/11/2012 - 21:29 | 2698084 Dr. Engali
Dr. Engali's picture

I do a lot of the same thing. It's a pretty amazing thing how much you can find at a garage sales. People Practically give away some pretty good stuff.

Sat, 08/11/2012 - 21:29 | 2698079 Dr. Engali
Dr. Engali's picture

Oops. Responded to myself. You know what they say about people talking to themselves......

Sun, 08/12/2012 - 02:37 | 2698389 slackrabbit
slackrabbit's picture

Yea, its the only way to guarantee intelligent conversation ;-)

Sat, 08/11/2012 - 23:53 | 2698261 Miffed Microbio...
Miffed Microbiologist's picture

Dr E. You have struck upon the one thing we have done right raising our girls. We basically didn't buy them anything but basics, they had to work and find a way to get anything extra. At 16 my eldest was asked to a formal school dance. I felt bad when she asked for a $100.00 dress which would have been appropriate for the occasion and I had to tell her no I couldn't in good conscience spend that kind of money for a dance. I offered 15 dollars and said see what you can make of that. She took it graciously and said she would try. The day of the dance she was in a beautiful flowing blue gown, I didn't ask details. When I picked her up the boys mother came to me an rebuked me for spending so much on a simple dance, she was embarrassed her boy wasn't appropriately attired for her as a date and my daughter was the best dressed at the dance. Driving home curiosity finally got the better of me and I asked where she got the dress. She said " I realized to get a high end dress I had to go where the rich were so I took a bus to La Jolla. Then I found a consignment shop there. I still couldn't afford the dresses so I asked to talk to the owner. I did some bartering and spun a few yarns but I got her to sell me the dress for $20. So it cost me $5 plus bus fare. I laughed myself silly all the way home.

Miffed:-)

Sun, 08/12/2012 - 00:53 | 2698313 Dr. Engali
Dr. Engali's picture

We try to do the same thing with our kids. We screwed up with the first and bought her everything and anything, but we learned quickly about that error. So we do the same thing, but them food and everyday clothes , school supplies , and such. But if they want the extra stuff they have to work for it. It was not easy getting my oldest used to it ,but we feel she is better off now not getting everything she wants.

Sat, 08/11/2012 - 18:24 | 2697921 Amish Hacker
Amish Hacker's picture

"We learned more from a 3-minute record, baby,

Than we ever learned in school..."

 

The Boss

Sat, 08/11/2012 - 18:29 | 2697929 Freddie
Freddie's picture

Springsteen = Obam loving prick

Just like that other Jersey Shore tool Bon Jovi.

Sat, 08/11/2012 - 21:11 | 2698065 ZeroAvatar
ZeroAvatar's picture

I never did care for either one.

Sat, 08/11/2012 - 22:31 | 2698157 Freddie
Freddie's picture

I was joking with a friend tonight on the phone about Springsteen might do some dumb song about how the management was shuttin down the unionized steel mill in Asbury Park, NJ. 

The guy writes dumb songs about working class guys getting screwed over or other stuff.  He has lived, played in and got his experiences in a Jersey Shore party beach town. 

Sat, 08/11/2012 - 22:58 | 2698186 arby63
arby63's picture

I was joking with a friend tonight on the phone about Springsteen might do some dumb song about how the management was shuttin down the unionized steel mill in Asbury Park, NJ.

He needs to throw in some lyrics about how the union staff were all down at Wal Mart buying chinese trinkets and complaining about the loss of good manufacturing jobs...

Sun, 08/12/2012 - 00:43 | 2698311 Freddie
Freddie's picture

+1

The only thing worse than Springsteen's typical dumb working class victim songs is his (hopefully only) one Christmas song.

Gawd it is horrible.  "Merry Christmas baby..."  

The only thing worse is Gloria Estefan Christmas songs.  I try to avoid stores at Christmas because it is commercial, "buy more shit" for Christmas - Christmas and go into debt Christmas. 

Sun, 08/12/2012 - 09:55 | 2698611 FEDbuster
FEDbuster's picture

"A Festivus for the rest of us" since 1997.  Sold or tossed all the Christmas crap in the late 90's.

http://www.youtube.com/watch?v=c8g4Ztf7hIM

Sun, 08/12/2012 - 09:52 | 2698610 GMadScientist
GMadScientist's picture

Because management would totally give back the profits if the staff raised a fuss?

People like you deserve to be sold down river.

Sun, 08/12/2012 - 02:32 | 2698386 slackrabbit
slackrabbit's picture

Add to that Bob Dylan who got his US Medal for Freedom from buddy Obama.

He should change his 'The times they are a changing' to Bob Roberts 'The times they are a changing back'.

Wow, he really did change his tune!

Sun, 08/12/2012 - 11:11 | 2698691 aerojet
aerojet's picture

What was it they learned?  I hate the whole Springsteen "blue collar, hard-working man" bullshit.

Sat, 08/11/2012 - 18:27 | 2697923 Freddie
Freddie's picture

The equity market's response, of course, is "whatev'"

LOL!  Hey Tyler - who did you ask about the equity market - some algo trading robot?   Skynet was bullish yesterday on Man U. 

Sat, 08/11/2012 - 18:51 | 2697955 Totentänzerlied
Totentänzerlied's picture

Heavens, not the second home! Stop this austerity madness before it destroys the service economies of Martha's Vineyard and the Hamptons!

Give me a fucking break, America. In the immortal words of Randy Bachmann, " B-B-B-Baby, you just ain't seen nothin' yet." So, so much further yet to fall.

Sat, 08/11/2012 - 19:42 | 2697999 Peter Pan
Peter Pan's picture

The sale of the second home represents the deleveraging of the consumption and debt driven paradigm of the last decade. There is still a long way to go as we will eventually witness mobile phone usage shrink at least in terms of hours spent talking, the cancellation of cable subscriptions and the use of clothing for longer periods before being thrown out or passed on.

This deleveraging will cause the economy to dwindle in the process of returning to sustainability but will also cause all of us to realise that spending should not be a prerequisite for meaningful happiness.

Sat, 08/11/2012 - 19:56 | 2698007 cosmictrainwreck
cosmictrainwreck's picture

Holy cow, Pete.... you make it sound so orderly and --- and? what? minimal? Shrinking cell phne use? Cancel my [extra] cable? Oh Shit! A "dwindling" economy? I pray you're right, but I doubt it. My scenario looks more like FREAK-OUTS, NERVOUS BREAK-DOWNS, divorce, homicide, suicide, pig-iside (?) - you name it. Hope the fuckin' cell towers even still operate so we can shrink our use....

Sat, 08/11/2012 - 21:25 | 2698078 Peter Pan
Peter Pan's picture

Hey cosmic, take it easy. I didn't say it woud be an orderly process and for the USA it will probably be worse than anywhere else given the depth of the consumerist addiction.

Matters will become worse once Homeland Security becomes the new de facto government.

Sun, 08/12/2012 - 01:48 | 2698367 BooMushroom
BooMushroom's picture

You guys are probably both right. Some people will cut back on expenses, etc, and some people will go out in a blaze of fail. The problem is that most of our labor force is in the service industry. So I fear the proportions will lead more to flame-outs than wise trimming.

Sat, 08/11/2012 - 22:36 | 2698164 Freddie
Freddie's picture

TV, Hollywood and the media used to control the stupid sheep.  If you watch it then you support The Matrix.   Don't tell me you just watch Fox or the ball games.  Your cable bill or sat TV keeps all of these propaganda channels alive and they are ALL propaganda.  Keep watching and supporting it serf.    You are just a food source for their fkkkking Matrix.

Sat, 08/11/2012 - 19:51 | 2698003 QEsucks
QEsucks's picture

Don't you think it's a worsening of the conditions when a 1% hausfrau says they're borrowing for things they never borrowed for before. They're selling the second house. To me, this is significant. You don't pick up the second house until you can pay cash for everything and still have a few years of "moat".

Sat, 08/11/2012 - 21:49 | 2698112 zhandax
zhandax's picture

More than likely the 1% still buys 2nd homes for cash if they didn't inherit them.  This is probably the 2-5% hausfrau which points to the malignancy of the financial cancer which is consuming the middle class.

Sun, 08/12/2012 - 09:56 | 2698614 GMadScientist
GMadScientist's picture

You don't understand a thing about the 1% and their need to replace actual wealth with the affectation of same when they can't make ends meet.

None of these assholes "waited" to buy the second (third, fourth, etc) house...they all thought they were being clever "investors".

Not significant at all; just the usual game of pinning their ill-informed decisions on someone else.

Sat, 08/11/2012 - 20:03 | 2698011 adr
adr's picture

I did say back to school was going to be terrible didn't I?

Holiday is going to be worse. You can't sell more product than you ordered and orders are down 30-40%.

Of course that means books will just be cooked 40% more to make sure store comps keep rising. I crack up when I get EDI reports showing store sales fell off a cliff, and then the corporate press release says comps increased 12%.

It's too bad they don't give a Nobel for fraud. The CFOs today would give the judges quite a challenge. Oh wait I forgot, there already is a Nobel for fraud, Obama won.

Sat, 08/11/2012 - 20:30 | 2698029 Freddie
Freddie's picture

Orders for Chic-com crap from China for Christmas are down 30 to 40%?

I remember maybe Spring 2009 after the Christmas 2008 when the islamic won.

I went to a Panera Bread for dinner.  Next door was a Sears.  I wandered in and never go to Sears anymore.  There were racks and racks of markdowned mens clothes.  Endless racks.  The prices were still too high.  I was more likely to spend money then and I was not spending a dime. 

I have cut out all spending now and thank goodness I am better off than most.   i know some wealthy people who are doing fine.  The rest are holding on by their finger nails. I have never seen anything like it.  

Sat, 08/11/2012 - 22:12 | 2698136 mendolover
mendolover's picture

Speaking of finger nails, it's going to be a sad day when the manicure bubble bursts here is Fairfield County.  As with most tatooes, it makes you wonder where some of these mind numbed robots get the money for this crap.  I doubt the salons will suffer much with as many spoiled housewives as there are but the reset it coming.

Sat, 08/11/2012 - 22:40 | 2698166 Freddie
Freddie's picture

+100  my man.

I have noticed the same thing in my neck of the woods.  Lots of (probably illegal) Asians standing around in strip malls waiting for customers.   Taking a break from breathing in shitty chemicals and grooming fat slobs.  The whole thing is sick.

I think a lot of these women who get their nails done have incredibly low self esteem.  The tramp stamp tatooes are even worse.   Sick.

 

Sat, 08/11/2012 - 23:27 | 2698229 Miffed Microbio...
Miffed Microbiologist's picture

Great post Freddie! When my teenage daughters showed a remote interest in getting a tattoo I showed them a picture of Cher's butt. That really gave them pause for reflection. I promised I would fund any henna tattoo if they so inclined but they would remove all my respect if they ever chose something so permanently disfiguring. Funny, they never even asked for the henna tattoo. I've seen some gorgeous tattoos on some young, beautiful women but, in time when nature and gravity takes it's course, it won't be pretty. Sad so many live for the excitement of the moment without a thought for the future.

Miffed:-)

Sun, 08/12/2012 - 00:55 | 2698322 Freddie
Freddie's picture

+1

Good for you.  Cher's butt - ewe.  ;-)

Maybe I am old fashioned but as soon as I see a woman or girl with a tattoo - I lose all respect for them.  I immediately think they are tramps.  Maybe that is unfair but that is my impression.  I really feel sorry them but this society is so screwed up. Once again the garbage from TV, Hollywood, the crap magazines are the grocery store for women.  

I think some women get them and later want to get rid of them.  It is pretty painful to remove them.  I assume the henna ones are easier.

Cher is an insane liberal loon.  i think the botox has gotten to her brain, assuming it was able to find it.  I think she is a terrible mother.  She is all for awards and other crap for her transgendered son.  She should be concerned about his hideous weight.  He is going to die with that weight.  She should worry about the kid's weight not the gender acceptance lifestyle choice whining.

Sun, 08/12/2012 - 02:17 | 2698380 slackrabbit
slackrabbit's picture

Don't knock tramps.

Leave the knocking to me!

(Slackrabbit, slumming it since 1969 ;-)

Sat, 08/11/2012 - 23:48 | 2698256 HungrySeagull
HungrySeagull's picture

You will have to reach a bit further and dig in to find out how the hair weaves are doing.

Sun, 08/12/2012 - 04:11 | 2698424 Disenchanted
Disenchanted's picture

 

 

"when the islamic won."

 

just explaining my down vote...

Sun, 08/12/2012 - 01:54 | 2698368 BooMushroom
BooMushroom's picture

Math!
Start with 100 stores.
Close 75.
Open 25.
Only your best 25 (that didn't close, and aren't brand new) count as comps.
Best 25 stores comp sales = +12%
Total sales = -38%

Easy peasy, Solyndra squeezy!

Sat, 08/11/2012 - 20:20 | 2698023 Trimmed Hedge
Trimmed Hedge's picture

Sandy Johnston, a 55-year old accountant from West Seattle, said he was pleasantly surprised when his 18-year old daughter opted to buy clothes at second-hand stores ahead of her freshman year at college. Johnston could use some help, especially as he will now be sending two kids to college instead of just one.

 

"We are borrowing this year to fund a lot of things that we normally would not have borrowed to do. It makes me nervous, we are selling our second home to help pay for things," he said.

 

Selling a house to help pay for 2nd-hand clothing?? Yikes....

Sat, 08/11/2012 - 20:21 | 2698024 Monedas
Monedas's picture

Buying new clothes to get a public education .... is like slopping the hogs in a tuxedo !         Monedas       1929        Comedy Jihad Quotable Notes On Life 

Sat, 08/11/2012 - 21:00 | 2698052 MrSteve
MrSteve's picture

Ben Franklin spoke a huge truth when he said : beware of all ventures requiring new clothes. For you jerks who have never read Ben
Franklin, get smart and read the classics. You're not dead yet are you? So you can learn from old dead smart guys. Good Luck!

Sun, 08/12/2012 - 05:19 | 2698445 MisterMousePotato
MisterMousePotato's picture

thoreau

Sun, 08/12/2012 - 12:58 | 2698826 hardcleareye
hardcleareye's picture

You might enjoy Morris Berman's blog site....  a link from Jesse's Cafe Americain.

http://morrisberman.blogspot.ca/

"The number of books that have appeared over the past decade, providing massive statistical evidence of the sheer ignorance and stupidity of the American public, has been quite impressive (Just How Stupid Are We?, Idiot America, etc. etc.); and if you look around at young people today—our supposed future—they can’t read. Their lives are comprised of cell phones and Twitter and Facebook. I am frequently in Mexico City, and I can’t tell you how often I’ve had conversations with taxi drivers about history, literature, and philosophy—all initiated by them. Try having similar discussions with a taxi driver in New York, see how far you get. Or just go out into the street of any American city, and ask the first person you run into how many justices there are on the Supreme Court, or what nation we seceded from in 1776, or where Europe is, or if they can define “retrograde” or “trachea.” If that doesn’t wake you up, my friends, nothing will. Bottom line: we are a collection of dummies, and dummies cannot “take back the country” any more than they can discuss the implications of the Second Law of Thermodynamics."

Sat, 08/11/2012 - 21:32 | 2698089 James
James's picture

.................but I thought it was old dead smart guys who got us in this mess.

Sat, 08/11/2012 - 21:58 | 2698121 zhandax
zhandax's picture

No, it was covetous dead smart guys who got us in this mess.  The live ones poured on the gasoline.

Sun, 08/12/2012 - 04:17 | 2698427 Disenchanted
Disenchanted's picture

 

 

" Reuters cites this insightful 18-year-old thus: "I feel like the economy is messed up [and it] feels like we are still in recession.""

 

Well I guess maybe that 18 year old could run on down to the Military Recruitment office, and get signed up to latch onto the Big Government teat. Then draw a Big Govt. check like the rest of the welfare queens.

Sun, 08/12/2012 - 09:40 | 2698592 Vooter
Vooter's picture

LOL...he should make sure to get nice and tatted up first, though--that's de rigueur when you want to look like authentic American Christian TRASH...

Sun, 08/12/2012 - 06:01 | 2698461 Clowns to the l...
Clowns to the left_ jokers to the right's picture

I wonder what the "official" unemployment rate for teenagers would be today if it was measured the same way that it was in '64. It was in '67 or '68 that 14 and 15 year olds were removed from the calculations. If the unemployment rate in 1964 counted 14 and 15 year olds and today's bogus U3 unemployment counted them now, what would the number be? Shoot, what would the number have been for the past thirty years when we entered the "Children as precious snowflakes" era?

 

Sun, 08/12/2012 - 08:02 | 2698527 Winston Churchill
Winston Churchill's picture

You have a good point.

However I tried to employ a seventeen year old here in Florida as an aprentice.

Could not do it.The red tape from the state was barely surmountable,but

the non availability of insurance cover, killed it.

The true figure,Anybody's guess.

Sun, 08/12/2012 - 08:17 | 2698533 rsnoble
rsnoble's picture

Oh so in other words we can look forward to HFT's ramping retail stocks over the positive headlines "record sales" while the real news "profit margins" is buried deep in the article, or not mentioned at all.

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