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transitory bitchez :)
Targeted inflation is the m.o. of the Federal Reserve. Too bad the target is everyone's sphincter.
What do we all have in common? Why do we all flock here?
Must be good news ... DJ futures down only 11
I'm pissed. My beer went up a buck. I can't drink any cheaper swamp piss than busch light. DAMN YOU BENNY!
I've pretty much gave up beer drinking. When Old Milwaukee and Schlitz are $6 a six-pack (up from $3 two years ago) it's time.
Wine, on the other hand, is about the same price as it was 3-4 years ago. Most vinyards are privatly owned and source grapes from local co-ops, most breweries are corporations that have to buy grains from the CME/COMEX and must feed an army of parasitic executives. Hmmmmm
global stagflation, from input costs, cost push inflation, from commodity bubble, from ETF financializing commodities. leverage ETFs cause price distortion using future options mechanism, and misallocation of capital. future adjustments, after ETF liquidity collapses, destroy markets.
case study: natural gas & UNG (ETF)
What happened to all the bulls lecturing us 'poor, hapless bears' I miss them and I hope theyre OK these days. All that fattened up dumb Kobe bull beef on the barbie I bet Wall St is enjoying it.
They're getting juiced up, ready to sky the market at the opening bell!
They are quietly waiting through the next few days so they can come back and say "I told you so" or "I sold at the high why didn't you?" depending on the outcome.
OH ok lol.
but will the Berstank hit the print button while inflation is still only running at 8% ? I'm thinking he better hurry before we get up into the high teens.. it will be much harder for him to justify at that point.
Bernanke whiffed a 3 at-bats to print....Europe threatened to print and didnt....no ones printing anymore, printing fools no one.
but I-pod prices are unchanged, whew! I almost panicked for a minute there.
YEA no doubt! ITune downloads still .99 cents.....WHEW no inflation in what matters!!
I ate my I pod... not bad.
They are still printing US Ts out their azz... Creating more debt and throwing it into the super black hole... From one hole to another, do not pass go, do nothing to help the Main St economy or create jobs.
Go OWS! Send some members to occupy DC! Catch carp from the reflecting pool and fry them in front of the Fed! Eat every damn thing in DC that is edible! Er, you can't eat gold but they don't have anything but paper. Bring some live stock to eat the grass and shrubs. Make a statement the azz hats won't soon forget.
There is no inflation, trust me, my name is Bernanke.
Can't we give stragegists a proper name?
Open to ideas.
Me think they desperately whish to print but they need higher dollar and lower PMs and Markets! Eh?!
Who is that supposed to fool anymore?
When you start messing with people's bread ... things get serious.
Bernanke's cake is getting stale and green is transitioning to black as mold flourishes.
QE3+++ is going to result in riots.
Washington ... you had better decide real quick whose side you are on.
There will be no QE3, false flag attacks will result in riots and WW3 is kicking off in Iran....prepare accordingly.
Are you serious? How many bullets have to whiz by your head to determine the people on the other end of the gun barrels have chosen the other side? How many decades have to go by where law after law is passed against the best interests (long term) of the nation before your suspicions start to arouse? How many times do we have to "vote the bums out" before we decide that it is the entire process that needs revision, not just its practitioners? [for a recent example, see democrats' wins in the mid 2000s under the rally cry of bringing the troops home... still waiting on that one... or where we elect an anonymous figurehead solely on the basis that he promises change (without really contemplating what change exactly)... still waiting on that one too].
Some rats will jump ship... others will play on the deck as the ship sinks. Tis just the nature of rats. Ultimately, we make the system, whether by being proactive or by apathy.
When did milk prices go down. They were just as high as ever last time I bought some.
You didnt catch that? There again milk prices just went down....back up again. Just have to be THAT fast!
as I said a few days ago---> trading range. We kissed the top and now all headlines will service the plunge back down to 1100. If it happens by Friday, expect the next installment of EFSF snakeoil to launch another rally back up, though the risk of a breakout to the downside on this round is greater.
Yep. I'll be taking half off the table if we get back down there, although this sucker is way overdue for cracking to the downside.
Isn't it more likely that producers will use hidden inflation (i.e. shrinking the size of their goods yet charging the same price) rather than take margin hits or pass the cost (ppi) in real price?
Most Americans will not realize if a box of Cheerios is .8% smaller...
They have been for months.
Well no more margin stories, let's hear about growth
This is bullish.....for inflation/food/energy/metals.
Biflation, bitchez. Biflation
I'm surprised gold is down so much given this data.
Nothings shocking, and we havent seen anything yet...how will markets react when they set off a nice little tactical nuke on Occupy I wonder? That will be some morning I bet.
The FX market is the easiest market for the Fed to manipulate.
With all the ggod news this morning complete with awesome earnings reports it's easy to see why the futures are recovering and looking to open green. Even BAC is trading up in pre-market. Now that the sarcasim is out of the way - what the fuck is going on with this broken ass market? Slew of horrible news and futures recover? WTF?? How the fuck do you trade this broken market? Good news is bad and bad news is good?
Trade it? Oh I got far clear of this joke a while ago.
lol--just saw that myself. Another screwball pitch--inflation bad for dollar, good for equities....oh yeah, and lest we forget Apple is going to singlehandedly employ all of China's indigent peasents and everyone at OWS. This day just got more interesting/complicated.
If you want a better picture of biflation to come:
UK CPI up to blistering 5.2% reported this morning, just as UK GDP hit 0.1%
The funeral for Keynesianism has been delayed until Bernanke gets out of rehab; meanwhile the corpse is rotting.
And the Trifecta Biflationary news roundup for this morning would not be compete without China:
China CPI 6.1% as GDP growth slows to 9.1%
Perfect trifecta: US, UK, China all the same pattern: CPI UP! GDP DOWN!
No need to worry about markets, theyre dead, trading at 1999 levels. These markets are the most irrelevant thing around today.
Twenty years of stagnating wages, highest unemployment rate in almost 30 years, and +6.9% Y/Y PPI.
Gasoline alone up almost 30% y/y.
Anyone (here's looking at you Charlie Evans) that says what US really needs is controlled higher inflation, doesn't understand how a march or #OWS turns into a revolution.
Macroeconomis really has FUCKED UP the world.
"The planet's fine, the People are fucked" --George Carlin
Just as Ben was astonished by the housing collapse, he is going to be shocked by rip roaring consumer prices.
Depose him now.
Tyler, you just don't understand the economics. this is good for the economy (according to bernanke) by increasing inflation it will cause people to spend instead of save. Of course this is wrong, but since it doesn't fir to justify their insane monetary poicy it won't happen.
And Gold and Silver are down? This is about as insane as it comes.
The baton is about to be passed. When the oldsters talk about penny candy and feeling rich holding a nickle. You can tell kids "There use to be a place you could go and everything on a special menu was only a dollar"
“as firms choose to absorb increasing costs rather than pass them along to consumers,” Is this a joke? That may be true for the micro and very small businessman, but not corporate america which is still feeding on 401K contributions, they simply put less in and charge the same as before.
10 pounds of potatoes is now 8 for the same price, that is a20% increase.
One pound is now 12 ounces, same price, this is 25% increase.
Numbers in fraction ounces and odd numbers of grams, so easy to stand and caculate at the store.
The only thing I see cheaper now is ...talk.
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