- advertisements -
Cheap cars and refrigerators, bitchez!
Who's going to be able to afford gasoline for the car and electricity for the refrigerator?
Who's going to be able to afford gold and silver for their stash if there's no fiat left over after paying for the gasoline?
Timmmay Geithner is on to Recovery™ Summer™/Fall™ 3.0 now (this has to be some kind of incredible record in abject and total failure):
09-09 9:23: US Treasury Secretary Geithner says economy has good chance of maintaining moderate pace of growth, jobs plan will reduce risk of slowdown
Sure, if you are buying with gold and silver.
Nothing but air under that frayed net.
Just keep building it...someone will buy it...lol......we are all waiting for the Government to come in and buy it all....who needs a "market" when the government is in there
I am looking for some cheap silver?? cheap gold??
cheap non-toxic ammo??
Sorry I only have toxic ammo. It kills on contact.
Dammit, my wife works in auto industry (supplier) ...looks like they'll be shutting down soon for extended period (inventories way up) and her company is always one payment term from bankruptcy.
Don't even get me started on the chronic and persistent "shortage" of $175 LULU outfits.
The company can barely keep top selling merchandise in stock. They are now shipping stuff via FedEx from overseas.
That stock is still at $55, up from $5 3 years ago, trading at a 55 P/E ratio.
The urge to gamble and chase these high fliers remains higher than ever.
Thats because youre nothing but a momo chasing glam-stock fanboy.
Gee, I thought you said that everyone was on the bearish side of the boat. Looking at the action every down morning, it sure looks to me like the buy the dippers are running in every time. CNBC is nothing but an informercial for overpriced stocks. Not seeing the bearish sentiment, sorry.
I don't see it
Since you only care about bullshit corporations trading higher you never look at reality do you?
Lulu Lemon is dirtier than a mafia Laundromat. They are cooking their books hotter than an Iron Chef. The company is complete bullshit and there is no way they sell what they claim. I've been to a Lulu store and it is always empty. You don't see people wearing their stuff anywhere. Not like Under Armour and other corporations with sales as high as Lulu. Yoga is not a big enough business to sell $700 million in one year out of 134 stores.
Here's a nice fact. In order to reach the claimed sales of LULU you need to have a store sell $14,500 in merchandise every day 365 days straight. Do you think that is possible???? Fuck no. You would need over 100 people to purchase over $100 per day from each store. You might get ten or twenty to do that, maybe. Don't try the internet sales crap either because the numbers aren't there.
There is no shortage of their product. They create a fake inventory shortage story to pump up their stock at key times. The great Nintendo tactic. The people behind Lulu are some of the dirtiest people in the industry and they were underwritten by some very shady characters. Everyone in the apparel industry knows they are dirty and mass retailers won't touch them with a 10 foot pole.
Since Lulu owns and operates every store they stuff them with inventory and take it back at key times during the year so they can use inventory accounting tricks to ump up their sales. Lulu stores and Lulu Inc are operated as separate entities and inventory is "sold" to stores and counted as a sale to the parent company. Lulu doesn't have to sell a single item to a consumer to book hundreds of millions in sales. It is a common tactic today and I am surprised the cover hasn't been blown on this a thousand times already. I guess it would expose the Wall Street publicly traded ponzi.
I am sure there is a shadow corporation registered somewhere that is booked with the losses Lulu incurs every year. The corporation has always been a hedge fund money laundering operation and will disappear as soon as it isn't useful anymore and retail stockholders will be left holding the bag.
The company is bullshit. Don't want to believe it, fine. It is the honest truth.
I'm sorry; did you say that you're higher than ever?
Surely they are just building up inventory in preparation for the onslaught of holiday shoppers...
yes because everyone will be able to afford a new car by December!
China's consumer price index eased to 6.2 percent in August, the National Bureau of Statistics (NBS) said Friday. August PPI rises 7.3 pct year-on-year Retail sales up 17 pct in August Industrial value-added output up 13.5% in Aug. Fixed-asset investments up 25%
I just bought a 2011 car to do my share in getting rid of fiat and locking in someone else's capital at a ridiculously low rate. (To mention it, I feel like a bank!)
In fact it is one of those radiated cars from Japan so I am hoping to have superpowers soon. Wish me luck.
I too just took advantage of 0% 60 months of GMC stuffing. I hated doing business with GM but Denali's and free money are good for larger families and too hard to pass up. No super powers coming my way but I'm hoping it's the last car I ever buy. I was led to believe we would be living like the Jetson's by now but that never materialized.
"I'm hoping it's the last car I ever buy."
That's probably a fairly safe bet, I suspect.
Mine will be a diesel Land Rover. You can at least grow biodiesel if you really have to. Rapeseed grows really well around here, actually.
never mind, Ben will spend another 3.5 billion on POMO today,
that should bring it all down to zero again in the welfare states...
it is hardly a 'POMO' if is only REinvesting the proceeds of the existing bond portfolio, is it?
Is it just hoarding until the inflationary tide comes in? Interesting what the economic animal is revealed to have done after the fact. Unless of course it is "just in time logistics" failing hard. Then we are seriously fuked.
of course, if anyone is so adventurous as to look at the Source of the above chart, it is immediately clear the that the thread title is a classic ZH fabrication. a longer term picture shows Inv/Sales to be at historically very low levels, and in fact is just moving up from the lowest reading in something well over a decade.
the term "inventory stuffing" or "channel stuffing" imputes intentional build up of inventory for the purpose of deception. that is a completely baseless claim here, even if it does make for another catchy headline.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.