• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Bernanke Speech Wordcloud And Text Summary: Mentions Of Inflation: 7; Deflation: Zero

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Fri, 08/26/2011 - 11:23 | 1604323 achmachat
achmachat's picture

can't find "helicopter"!?

Fri, 08/26/2011 - 11:28 | 1604342 trav7777
trav7777's picture

maybe because DELFATION is not a word

Fri, 08/26/2011 - 11:31 | 1604361 SheepDog-One
SheepDog-One's picture

To hell with delfation.

Fri, 08/26/2011 - 11:34 | 1604378 bankrupt JPM bu...
bankrupt JPM buy silver's picture

I cant find HOMOTRON

Fri, 08/26/2011 - 11:34 | 1604381 Bananamerican
Bananamerican's picture

Death to Word Clouds...

they tell you precisely, squat

...especially when they are seeded by "leaders"

Fri, 08/26/2011 - 11:39 | 1604418 franzpick
franzpick's picture

Chopper pilots who have landed after power failure know the missing word is 'auto-rotation'.

Fri, 08/26/2011 - 12:01 | 1604518 Careless Whisper
Careless Whisper's picture

Rick Perry to take credit for keeping Bernank from committing treason.

 

 

Fri, 08/26/2011 - 12:53 | 1604697 el Gallinazo
el Gallinazo's picture

Rick Perry was annointed by the Bilderbergers to torpedo Ron Paul's campaign by trying to co-op his message.  Paul is the only candidate who isn't currently bought and paid for.  Perry is a lying whore bag of shit who is totally in the cartel's pocket.

Fri, 08/26/2011 - 12:23 | 1604607 smore
smore's picture

The missing word is 'pulchronomics'.

https://www.economist.com/node/21526782

Fri, 08/26/2011 - 13:08 | 1604671 smore
smore's picture

'Hypergamy' is missing too.  Doesn't this man know anything about economics?

https://dontmarry.files.wordpress.com/2009/03/sexualutopia.pdf

 

 

Fri, 08/26/2011 - 18:45 | 1605998 jomama
jomama's picture

silicone is really gross looking under the skin

Fri, 08/26/2011 - 11:41 | 1604431 Bananamerican
Bananamerican's picture

the "Delfations" btw, were a popular 70's soul band

Fri, 08/26/2011 - 11:32 | 1604369 Falkor
Falkor's picture

LOLLOLLOLL

 

Fri, 08/26/2011 - 11:33 | 1604375 Stuck on Zero
Stuck on Zero's picture

The helicopters have been grounded by Irene.

Fri, 08/26/2011 - 12:18 | 1604573 boiltherich
boiltherich's picture

<-----  who needs helicopters when you have a fleet of these?

Actually they went to fuel them up but were told their credit cards were maxed out.

Fri, 08/26/2011 - 16:11 | 1605444 sgt_doom
sgt_doom's picture

I read over Chairman Bernanke's speech, and it can be summed up in a single compound sentence:

There wasn't really any recovery, and please hope for the future.

Fri, 08/26/2011 - 18:03 | 1605857 Cistercian
Cistercian's picture

Other words are also strangely omitted:FAIL, CRIMINAL, THEFT, THEIVE-O-MATIC,SCUM,OLIGARCH,KLEPTOCRAT,HFT,

 and...EVIL.

 The dolt.

Fri, 08/26/2011 - 11:25 | 1604329 Racer
Racer's picture

Recovery? How dare he mention that word when there has been nothing but collapse since he  started meddling. Poor people, the old and unborn children have been sacrified at the banksters altar

Fri, 08/26/2011 - 13:19 | 1604778 Quinvarius
Quinvarius's picture

Rumpelstiltskin!  I may have just saved some of the babies.

Fri, 08/26/2011 - 11:26 | 1604333 oogs66
oogs66's picture

the algos like the word cloud? 

Fri, 08/26/2011 - 13:24 | 1604789 CPL
CPL's picture

yup...part of the programming is to screen news sources for key words.  Just like head hunters comb 100k+ resumes.

Fri, 08/26/2011 - 11:30 | 1604334 augie
augie's picture

"there is a hurricane headed towards the east coast too, please be affraid and go buy supplies. thank you."

 

EDIT*

Hey tyler, you think we could get a volume stand. dev. chart like the one posted a day or two ago?

thanks

Fri, 08/26/2011 - 12:20 | 1604587 Lets_Eat_Ben
Lets_Eat_Ben's picture

Does anyone one else print these out and post them all over the walls and ceiling so they can scour over them and pretend to hallucinate in order to crack the great code a la "A Beautiful Mind" ?

Fri, 08/26/2011 - 11:27 | 1604339 snowball777
snowball777's picture

Analyze it with two-word fragments and see if 'recovery' morphs into 'slow recovery' (aka deflation).

Fri, 08/26/2011 - 11:27 | 1604340 DavidC
DavidC's picture

Phew! Glad Delfation wasn't mentioned...

DavidC

Fri, 08/26/2011 - 11:28 | 1604343 CPL
CPL's picture

There is a reason.  Let's just look at food inflation from the first handful of links...please note the people would serious problems own nukes.

http://www.washingtonpost.com/world/asia-pacific/lower-food-prices-no-mo...

http://nation.com.pk/pakistan-news-newspaper-daily-english-online/Region...

http://www.gmanews.tv/story/230633/business/world-bank-global-food-price...

http://www.stuff.co.nz/national/health/5509857/High-food-prices-alarm-nu...

http://www.theglobeandmail.com/report-on-business/economy/economy-lab/da...
(Retards on the left somehow are justifying it in Canada's nation fish wrap)

http://economictimes.indiatimes.com/news/economy/indicators/finance-mini...
(Can own nukes, can't supply it's own food.)

http://www.daily-mail.co.zm/index.php/politics/665-inflation-drops-to-83

(Just 8.3% in a month...that's lucky)

http://www.trust.org/alertnet/news/west-africa-un-plan-to-trial-emergenc...

(Considering that they couldn't organize a cat fight in a cardboard box...best of luck to them)

http://www.businessweek.com/ap/financialnews/D9PB87I80.htm

(Even the manufacturing of chicken asses, pig ears and cow hooves are pressed by price increases.)

http://www.sos-usa.org/newsroom/press-releases/Pages/Food-Prices-Unaffor...

(We just sent aid, guess what happened?   It all fell off a truck and sold a block away on the open market.  Like every other UN venture, failure.)

http://www.businessday.co.za/articles/Content.aspx?id=151765

(Read between the lines...the high food prices are going to stay)

http://www.military.com/news/article/dodds-raises-school-meal-prices.html

(Subsidies and handouts collapsing)

http://www.jordantimes.com/index.php?news=40803

(Demand for Food falls during Ramadan, knock me over with a feather considering the Muslim tenet of fasting is observed, aka who is eating, nobody until after dark.)

Fri, 08/26/2011 - 11:33 | 1604376 LawsofPhysics
LawsofPhysics's picture

I was hoping that someone would point this out.  Americans may not be starving (thanks to food stamps), but many well-armed countries are now realizing that they will have to deal with the direct fallout of the kleptocracy in the U.S.

Fri, 08/26/2011 - 12:31 | 1604637 Sudden Debt
Sudden Debt's picture

This week I saw a food inflation lift Europe versus America.

A 42% DIFFERENCE!! FOOD PRICES HAVE EXPLODED HERE IN THE EU.

America has a hughe advantage and thats it produces most of it's own food.

But once the farmers start to realize that their profits can double if they export it all, that will be when the US will have it's massive inflation.

For you guys a dollar keeps being a dollar. For us a dollar is something we trade with but which has become worthless.

 

Fri, 08/26/2011 - 12:36 | 1604653 CPL
CPL's picture

Ten years ago, you could squeeze the last inch out of a twenty for a full week.  Now $100 doesn't last until friday.

Fri, 08/26/2011 - 13:08 | 1604748 Spastica Rex
Spastica Rex's picture

Dried legumes and grains. Seriously.

Fri, 08/26/2011 - 13:18 | 1604773 CPL
CPL's picture

Those work until your first Kidney stone.  Then both are off the plate.

Fri, 08/26/2011 - 15:11 | 1605203 JohnFrodo
JohnFrodo's picture

You can store brown rice up to 15 years with dry ice chips and a sealed container.

Fri, 08/26/2011 - 12:40 | 1604662 CPL
CPL's picture

That's just a small sample of the roughly 1200 hourly.

 

I have a theory that once the articles surrounding food prices (not even noting food production) goes to 2000 per hour that'll be the point when the first of the missles fly over a bag of rice and corn.

Fri, 08/26/2011 - 11:41 | 1604428 Bring the Gold
Bring the Gold's picture

I agree the overlords need to let some of that steam settle in Eurasia/Africa. I think events may be outpacing the banksters. I wonder what the over/under is on homicidally angry people especially in MENA? I think we're reaching a point where the frog realizes he's in a boiling pot, get's out and grabs his AK-47.

Fri, 08/26/2011 - 12:39 | 1604661 boiltherich
boiltherich's picture

MENA hell, have you shopped at Safeway lately?  Food inflation might not be uniform but overall prices here are a good 30% higher than when the the recession "ended" in June 09. 

I was so relieved when wheat dropped from those stygian heights because bread had gotten insanely overpriced, I like a good sourdough French with dinner a few times a week, used to be 1.29 a loaf but often on sale at 99 cents, and wheat has dropped back to 7ish a bushel, but they just raised the price from 1.79 to 1.89 a loaf yesterday.  It is a one pound baguette with 12 cents worth of wheat in it. 

  • 1 cup water
  • 2 1/2 cups flour
  • 1 tablespoon white sugar
  • 1 teaspoon salt
  • 1 1/2 teaspoons bread machine yeast
  • 1 egg yolk
  • 1 tablespoon water
  • The sum cost of the above ingredients is less than 15 cents and even less for a bulk buyer such as a baker.  Are the increases due to the gas used in the ovens?  Nope.  From the diesel used by the delivery trucks?  That can account for a penny a loaf at most, and then you have to round up ruthlessly.  How about the salaries of the delivery men?  Most have not had a raise in several years so that is a no go.  Is yeast gotten to be an endangered species perhaps?  Fuck it, we all know corporate pigs use rumors of food inflation to jack up profits.  We also know that lack of credit means every entity in the production chain now has to charge enough not only to cover the real costs but to service all the debt they have taken on over the years.  Debt that was not used to make their production larger or more efficient, but to build a bigger manse for their CEO's. 

    Bimbo bought out Sara Lee which had bought out Oroweat, so now a loaf of Honey Wheatberry is priced at $5 and a few wealthy folks that buy what they like without concern to cost keep that brand alive, but I pretty much no longer can buy bread. 

    Fri, 08/26/2011 - 12:41 | 1604664 CPL
    CPL's picture

    I love making bread.  The one I've been trying to nail down recently is Tiger Bread.  It's so good.

    Fri, 08/26/2011 - 14:31 | 1605029 oldman
    oldman's picture

    CPL

    If you go into the jungle or your local zoo and wrestle down a lady tiger with cubs then you can milk her. You'll need about two cups, but if you really want a 'good tiger bread', it may be worth the effort. Tigers like mushrooms---well,  the Mexican variety, anyway. That's what I used on them for my last tiger bread and it was the best ever. Just grind up the 'shrooms, boil for one minute and let stand for five minutes; then mix with the tiger's water, wait seven minutes and walk right in the cage-----they are going to love you.

    When you get the milk, let me know and I'll send my own recipe----you'll love it        om 

    Fri, 08/26/2011 - 14:38 | 1605067 CPL
    CPL's picture

    lol..ass

    Fri, 08/26/2011 - 13:26 | 1604790 Quinvarius
    Quinvarius's picture

    You have obviously given this bread thing a lot of thought.  I find it seriously disturbing that you say you cannot afford it after that kind of rant.  Because, it is probably true, and you probably are not the only one in the situation.

    Fri, 08/26/2011 - 14:20 | 1604963 boiltherich
    boiltherich's picture

    Well, yes I have given it a lot of thought, but also it makes me so angry when $trillion$ are given to a few hundred bankers and they seem determined to pay for that by cost of living rises that will take hundreds of millions of people in austerity for decades to pay for it. 

    Of course I can afford bread in absolute terms, but the cumulative increases are getting so large that I find myself pinched hard and I like so many millions of others are reaching the end of the ability to substitute crap for the quality we used to take for granted.  I already abandoned my house and mortgage in part because the cost of living has so outstripped the COLA's they have granted, I am a disabled veteran on a fixed income (I can't fathom why they call it a fixed income when it is so obviously BROKEN) and the real motive behind all the bitching and venting rants is not the prices so much as the lie that prices are stable, there is no inflation.  Not only is there 10% price increases in the last couple years it seems to be accelerating in the last couple months.  Like Bud going up 10% last week, I don't even like domestic beer unless it is over 90* out, and it will be 100 today here. 

    The Fed has a dual mandate of price stability and maximal employment, it fails so badly on both counts that the only way they can avoid popular uprisings now is to lie about both unemployment statistics and inflation levels.  But, people are noticing the reductions in their living standards, and thanks to the clever manipulation of stats and the disinfo of the MSM the wider population is led to believe their economic plight is their own personal fault rather than the failures of leadership or worse, outright theft by the kleptoctopus.  The result is self destructive behaviors, internalized loathing at their failure, broken families, broken people.  I go to the store most days near here and the complex of big box stores and shops has a panhandler at every turn, there must be 12 or more working the Costco parking lot alone. 

    This is not about my pain, or whining about my lower living standards, it is about economic injustice, it is about broken promises, and it is about the danger of failure so vast that the USA might cease to exist as we know it and sooner than any of you would believe.  The current governance of the nation is a larger threat to our health and safety than the 20+ thousand nukes the old Soviet Union had pointed at us 30 years ago.  Hair trigger assured destruction. 

    Fri, 08/26/2011 - 14:25 | 1605003 chimp28976
    chimp28976's picture

    Meh... My local bakeries have been charging $4.69 for a loaf of bread with actual nutritional content for a long time... haven't really seen any price inflation there. I'd hardly call the above recipe "food", so I don't even think it falls into the category of food price inflation.

    I don't make a bunch of money, I just have priorities, and food's at the top of the list. I wouldn't buy Oroweat, or shop at a supermarket except as a last resort. I know it's the only option for a lot of people, but if you have a Safeway around, it's probably a big enough town to have a bakery too. Or buy your own wheat berries and make your own.

    The corporate pigs don't just increase prices, they've actually been suppressing prices for a long, long time through substitution of nutritionally-empty ingredients and by externalizing every human and environmental side effect of their psycho ag model. $5 feels pretty cheap to me for a decent loaf of bread. It will last you all week.

    Fri, 08/26/2011 - 11:29 | 1604348 narnia
    narnia's picture

    no "macroprudential"?  that should have been the big word in the middle.

    Fri, 08/26/2011 - 13:31 | 1604812 stewie
    stewie's picture

    Yes true.  But we're way past should've at this point.  Self-regulation is not a feature of Oligopolies, and nor is compassion.

     

     

     

     

     

    Fri, 08/26/2011 - 13:52 | 1604871 narnia
    narnia's picture

    someone with a grasp of logic & justice may just suggest that ENDING THE FED is macroprudential.  

    Fri, 08/26/2011 - 11:29 | 1604349 RobotTrader
    RobotTrader's picture

     

     

    Looks like TPTB has successfully engineered a "v-bottom", and yet another "Nipple Buy Signal" for the algos.

    I'm noticing names like QCOM, FFIV, ARUN, etc. which are going completely vertical off the lows.

    On Monday, we'll probably get a "Bernanke Re-Substantiation" rally, since nobody will be on Wall St. and the computers will be able to jam stocks huge on no volume whatsoever.

    Fri, 08/26/2011 - 11:32 | 1604368 SheepDog-One
    SheepDog-One's picture

    Yea just like your great rally from DOW 12,700.

    Fri, 08/26/2011 - 12:33 | 1604645 Sudden Debt
    Sudden Debt's picture

    Junk him : Yes.

    Respond to him : No

    Fri, 08/26/2011 - 13:09 | 1604750 Spastica Rex
    Spastica Rex's picture

    Trolls feed on negative attention. I was a middle school teacher for a long time. I know trolls.

    Fri, 08/26/2011 - 12:47 | 1604679 CPL
    CPL's picture

    Because they have no volume and they are classic bear shit companies.  You and I on a crappy trade day could shove around the price like a sumo without an HFT hitting F5 on a trade house web client.

     

    Russell isn't budging.  It's a resilent beast, versus the NASDAQ/DOW/SP flimflam.  When I see the Russell move, I'll move.  Until then, head fakes and wishes with no volume.

     

    This is neither investor or trader positive. 

    Fri, 08/26/2011 - 11:30 | 1604353 Everybodys All ...
    Everybodys All American's picture

    where is transitory ...

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