The "Contrarian" Permabull's Ultimate Guide To The Non-Zombie Economy

Tyler Durden's picture

Presenting, with little comment, the ultimate arbiter of the truth - First Trust's Brian Wesbury - discussing his "Mark-to-Market accounting is to blame for it all; the economy is fine and is not reliant on Fed QE; 80,000 jobs creating; Facebook wealth-building" view of the non-zombie economy. So we presume: Forget China, ignore Europe, the fiscal-cliff is a molehill, and once the government stops spending/growing (which is his angle) then all will be well with this thoroughbred economy - as opposed to his non-zombie plough-horse (that unfortunately just leads us down a path of low/slow growth, labor force participation-lagging, deficit spending, social welfare dependent dysphoria).

 

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fonzannoon's picture

This guy is so awful. Is he human?

NotApplicable's picture

He certainly seemed to cover most of the fraudulent bases. How a human could be that detached from reality and still function is beyond me.

Perhaps he's one of those "Greys" that Icke goes on about?

idea_hamster's picture

"once the government stops spending/growing"

AAAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHA!

Wait -- no, wait!  Stop it!  URKILLINGMEHERE!

AAAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHA!

Mr Lennon Hendrix's picture

Dinglebury also runs ZH hit pieces.

TruthInSunshine's picture

ZH needs to come up with a top 10 list, or deck of cards, or some list, of the biggest permatardbulls out there in lala land (whether they're subjectively being genuine in their analysis and prognostication or knowingly shoveling the sell-side bullshit).

Jeremy Siegel's #1 or the Ace of Spades in my deck.  This Wesbury guy probably makes the cut of the top 10 based on his failed predictions of the past and his ability to maintain a poker face while heaping mountains of bullshit in such short intervals of time.

nope-1004's picture

Who the hell is Brian Westbury?  And who the hell cares?

 

lineskis's picture

Not quite like Alice in Wonderland but close enough...

FEDbuster's picture

As long a Jim Cramer gets both Joker cards, count me in for a pack.

Kitler's picture

Brian Wesbury? Forget all that nasty criticism cuz I love you.

First Trust... First Trust... let's see...

Yes yes... found it!

... and SHORTED with extreme leverage.

(It's just like taking alfalfa and oats from a permacalf! :)

earleflorida's picture

Wesbury's claim to fame was as a line dancer when CNBC was still in its infancy as a banana/commodities level program -- they liked Brian's choreographic style -- sample [here he is in the middle]

http://www.youtube.com/watch?v=gMVGJVgsoHg&feature=related 

SheepDog-One's picture

RIGHT any minute the gubment will stop spending/growing! SURE!

LeBalance's picture

pwease Mr. Andromeda Strain, pwease stwop gwowing! pwease!

Unbezahlbar's picture

2 more houses up "For Sale" in the Hood today....$42 psf./two story.

They need a ton of cleaning up inside -- I peeked when I saw the "House renovator" truck pull up. The guy said this is par for the oucrse these days...."for some reason people get angry at their house" as he shrugged his shoulders.

Walls bashed in....carpet and wood flooring torn up...apliances trashed (sorry for the pun). Scary stuff. I don;t think this is as "bullish" as Wesbury says it is. Guess I grew up in a different era...with different values.

Mark Carney's picture

Alright ZH you know what to do.  Full frontal attack on this douches twitter.

 

I could not even finish watching that, what did Krugman shit this guy out one morning and forget to flush??

I think I need to buy a gun's picture

if i'd had listened to this guy 5 years ago, 4 years ago, 3 years ago i would be bankrupt, broke and busted,,,,,,,

TruthInSunshine's picture

His track record is lower than The Hon. Jon S. Corzine's conscience.

He'll say that he did well with his non-stop equity market bull case since the "Doug Kass" bottom of 2009. Of course, any permabulltard, including the incontinent and senile Barton "Smallie" Biggs, did just as well during that special and unique period of unprecedented targeting of equities by Bernanke, Geithner, Dewey, Cheetam & Howe, PLLC (using trillions in deficit derived and freshly conjured fiat, doled out to the best friends forever of the New York Branch of the Non-Federal Reserve-less Non-Bank).

If you peek under Brian's skirt, and back before that 'bold call' and constant refrain of his regarding the way back lucky strike in 2009, he's a one man wrecking crew of wealth destruction.

I have my notes somewhere on his past calls on particular equities and the market in general, and will post them when I find them, but suffice it to say that Brian is all bull 24/7/365, and for the past 13 years, the last time equity markets were around this mark in NOMINAL TERMS (not counting the roadkill that went to $0 or has been delisted that he had high hopes for), and about 60% lower in REAL TERMS.

They don't call these secular bear markets for nothing, Brian. You stay classy.

Rasna's picture

Wait...

The government is spending?  Where's the money coming from?

stocktivity's picture

....and up we go into the close....It's all Bullshit!!!

Sofa King Confused's picture

Mr Wesbury,

 

As I have enjoyed your video, and with it, the inifinite wisdom about the markets and the economy, I implore you sir, to please STFU!

FMR Bankster's picture

What's happened to Westbury is very common on the street. He started out knowing what the hell was going on (very strong supporter of Austrian economics)and as he needed to maintain a job in the business he's turned into a perma bull. He once told me he had read Mises Human Action twice cover to cover (that was in the late 90's). Looks like he could use another refresher course.

vast-dom's picture

what he sees is the cloud of hopium just obscuring the fast-running zombie about to rip his fat fucking face off!

ZeroChance's picture

Got Delta Bravo?

Why, yes, yes we do here.

ZeroChance's picture

He's right, LOL, there's so much "good" that has come....

- Fracking (straight face? bravo!)

- FaceBook's "billions" (Muppet losses? Squid gains? vaporized retail market)

- and so on....

Seriously though, what was the thesis that he was trying to put together here that "Zombie" economics is conventional thinking ... really?!  That don't forget about entrepeneurialism and innovation .... that government is a problem ...... DUH?!  The people that know it's a zombie economy need to hear these words of wisdom from you?

Good thing it's a "101" program, can't wait to see what your upper-level bullshit sermons will be about later...

Stoploss's picture

See??  Full moon retards travel in packs..

Two more days.

Unprepared's picture

Thanks to people like this, I have a stonger conviction I'm right (i.e. the reset is coming)

The trend is your friend's picture

someone actually pays this guy for advice?

Eireann go Brach's picture

This Paul Krugmans son in law, he has been mentoring under the nobel prize winner since 2008!

slaughterer's picture

Be a contrarian.  Be a mindless bull.  

banksterhater's picture

Second biggest, wait... 3rd biggest idiot arsewhole to Joe LaFornicia and Ron Insomnia.

Ivanovich's picture

The fact that the word "Trust" is in any financial institution whatsoever is paramount to fraud.

Unprepared's picture

They don't call them anti-trust laws for nothing.

MillionDollarBoner_'s picture

"paramount" - did u mean 2 say "tantamount"?

Friggin' Yanks, destroying our language - keep it up and we'll come take our country back... 

EvlTheCat's picture

Right, and cockney is the pinnacle of vernacular achievement.  Get bent.

Mr Lennon Hendrix's picture

permabulls, permabears, anyone putting shemselves in a catagory is a dumbass.  Economics relies on the "rational consumer model" and fiat "money".  Anyone thinking inside the system is an idiot.

surf0766's picture

If he thinks it true, it will be

TheFourthStooge-ing's picture

"the 28th consecutive month of job growth"

BATHSALTY LULZ!!!!1!!

banksterhater's picture

We're bleeding 375K a week but 75K a month will do for these assholes and Westburied-my-head-up-there keeps spouting off. STFU!

Praetorian Guard's picture

Who the F is the tool in this video?!?!?!?!?! God damn, so many people playing the Obama skin flute! He is desperate for your money... which he will promptly keep when it goes south...

FB created billions in wealth? Bwahahahahaahahahahahahah....

This guy is a used car salesman... maybe he works for Leman...

razorthin's picture

I suppose the zombies on the floor agree.  Look at the end of day ramp once again.

adr's picture

So I can walk into any bank, ask for $1 million and walk out with the money?

Or is it that what the stock market's job is. I put $10k into stocks and Facebook makes me a millionaire. IT'S SO EASY. Why doesn't everybody do it?

CrimsonAvenger's picture

We should tell all the poor people about this. I bet they'd want to know.

MillionDollarBoner_'s picture

but, but, but...then they wouldn't be poor any more...

Tirpitz's picture

As long as 'the economy' equals tax evading 'international corporations', things look dandy for sure. After all, profits are at record heights.

If we count in the countless tax paying sheeple, however, we may be in for a major surprise. Disposable income keeps declining without end in sight.

Conman's picture

I subscribe to the PPT theory of buying anything at 3:30. Ah what a wonderful theory, works 100% of the time and is sanctioned by god himself.