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A Keynesian Wet Dream: "700 Trillion Cars And Light Trucks Need Recalling"
And for today's fake press du jour release we go to Marketwatch which amusingly carries the following headline/story, which has since been rebroadcast by Bloomberg and other wire services:
700,000,000 Million Cars and Light Trucks Need Recalling
PETERBOROUGH, ONTARIO, Sep 19, 2011 (MARKETWIRE via COMTEX) -- Editors Note: There is a video associated with this Press Release.
Automotive engineers are sleeping at the wheel blinded by their own wipers.
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Yep. 700 trillion cars in need of recall. Paul Krugman just discovered tantric sex.
And yes, the algos totally fell for it. Note the volume surge at 10:13 PT as the PR hit:
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700 trillion cars recalled = Krugman nocturnal emission. Had there been 700 trillion fatalities? Krugman says "even better."
Release the Kraken, bitchez.
Clean up at Krugman's desk. Clean up at Krugman's desk.
Stan's dad plays Krugman in this short skit. - http://www.southparkstudios.com/clips/183608/covered-in-ectoplasm
Tantric sex, missionary style (for the Queen), or a Dirty Sanchez = Krugman doesn't care what kind, as long as it's stimulative.
He even doesn't mind HIV+, crabs, the clap or herpes pustules, as he's debauched whatever merit any portion of Keynesianism may have once had. He's just a cross-dressing, whacked out night walker in 4" stilettos looking to turn a fast fiatski-rewarded trick, jonesing for his next fix.
Krugman gets sick to his stomach any time anyone quotes this, so here goes (words from his hero):
J.M. Keynes on inflation in The Economic Consequences of the Peace (p. 235-6):
No kidding. Too bad this particular quote is not known by all. The central bank and fractional reserve banking hand is what creates the inflation. I wonder what J6P thinks as the cause of inflation? Greedy corporations would be my guess.
Here is my favorite -
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
Henry Ford
Do you know what else is a way to screw the masses besides currency devaluation? Set up a tax code that serves only one purpose: Being a game for Buffet, Kerry, Immelt, Steve Jobs, and your local gormet cupcake shop to "win" at.
Then, with your reward, buy your solar panels from those dumb chinese who dont pursue worthwhile intelectual rewards! Put BDO on the GSA vendor list, not G.E.!
http://www.zerohedge.com/news/guest-post-shtf-austria-soon
less than what the americans thought this euro comma meant posted by one of the Euro Tylers, 1.7 quadrillion??
It wasn't my day to watch them. And I do applogize for having a american centric view sometimes.
But isn't the problem with greece primarily that they refuse to pay the taxes and they refuse to give up thier services?
In america the people who use the most services pay the least taxes, or in some cases, receive money back from the government for the effort they put into not paying any taxes.
I admit that I am not as sophisticated as most here. But when I try to explain keynesian economics -- to even less sophisticated people -- the US tax code grants the simple baby step metaphor as follows:
The answers typically are:
The more sophisticated types typically answer as follows:
it's all a natural result of atlas shrugging.
http://expose2.wordpress.com
http://www.patiastephens.com/2010/12/05/ayn-rand-received-social-security-medicare
Social Worker: SS? Medicare bene's?
AR: <shrugs>
I think the 700 trillion is including all wheeled vehicles back through ancient Egypt?
That would have to include a galactic recall by Krugman's aliens.
incl donkey carts and Lama wagons ...
That's a lot of waste no matter how you put it. These cars ought to be recalled and hopefully they will be fixed in time to be put again in circulation. The truck manufacturer should better start working with an auto donations program to regain people's trust in these cars.
Krugman is all over this literally... and it's kinda gross. Creepy little dwarf he is!
What were we talking about, oh yea! cars...
Dwarf? I thought he was an Elf!
Interesting... it is my understanding that E.L.F. members do enjoy destroying vehicles with IC engines, the bigger the better too... you could be onto something here.
Paul Krugman just discovered tantric sex.
Bwhahahhaaa!
LMFAO!
We're just so used to "trillions" now that "milliions" just doesn't get headlines.
Chalk it up to "Zero Stroke"
Smells Oniony.
lulz
What would be the difference between an Onion piece and actual MSM news today? The Onion news has far more credibility?
With numbers like those do you really think he can hold it in? I bet he sees all those zeros, and just explodes. I'm just sayin...
Isn't it 7 Oh Oh Oh Oh Oh Oh Oh Oh Oh Oh Oh OH OH OH! Cars?
Show us your 0 face?
$1,200,000,000,000
Enough 0s for you?
I had a car like that.
sunny
epic headline
Recall them all and crush them. Finance some new ones. Good for more trillions in debt and supposedly good for the environment (cars do not require mining or production, they grow in fertile organic fields).
Besides a basic math course, the headline writer "needs educating." Cars and trucks need recalling?
Maybe the cars forgot something?
Obviously you are not as conversant in Austrian as the headline writer is.
Epic that the algos bought it.
That's even funnier.
If the dream is too wet, it will impair your field of vision.
Krugman will not like this. The problem, if solved, will reduce accidents and thus make it so folks will need fewer cars, repairs, services, etc. Bad for the economy, fewer broken windows.
You are looking too far down the road.
They call it the unseen for a reason.
Hey, if every car in the galaxy has just been recalled, there is no need for auto insurance. Thus, the most (mis)used justification/analogy for Obamacare just went out the window (pun intended).
Clean flexible wiper blades are a bigger issue and while I don't consider it a safety issue I live in the NW and have been driving in the rain and wondered why they didn't reverse the throw of the wipers. It would work better.
Just go long Rain-X
I'll tell them how to fix this cheap and easy. Install a small plastic lever on the right side wiper blade that lifts the blade off the windshield on the upswing and allows it to wipe on the downswing. Cost per vehicle is less than a Dollar.
I have a cheaper option: remove the windshield. See problem solved :P
One should break the windshield out in true Krugman fashion. This way the clean up associated with the broken glass would create new jobs in a variety of areas. First off, broken glass would likely escape to floor causing numerous automotive tires to be punctured. Someone would have to replace these tires or plug them minimally. Additionally, clean up crews would see a spike in employment, as much of this glass would have to be cleaned up. Finally, makers of vacuum cleaners would see a surge in purchases, while many who attempted to clean up their own glass without government approved clean-up crews would inevitably be faced with broken household vacuums. This is net-net positive. This entire process would allow for a growth in employment, as well as correcting a fatal error in windshield visibility.
Holy FUCK!!!!! I just wrote my thesis for my Economics PHD. Do you think I can get a column in WSJ?
I have submitted you for the Nobel Prize in honor of the Nobel Prize for Economic magically thinking in anticipation of your thesis acceptance.
No need to thank me.
In other words... we need a good war in order to break a bunch of shit.
Sarcasm in the first degree. AttackWatch has been notified.
Your avatar is appropriate.
I've actually noticed this myself and wondered why they dont build it the opposite way (much more noticeable with snow). Why would the inverse cost more money on new models? Obviously its cost-prohibitive on existing models and you can understand the logic. But on new models?
If you think about it a little how water and snow would actually behave if the vipers were reversed you have the answer.
There would be a constant spot of water and snow on the top left portion of the windshield in front of you that would not be wiped away. The left viper now goes all the way to the corner cleaning it completely. In the cars that have steering wheel on the right the (top) right portion of the windshield is kept clean.
The author of that video must be joking. If he's serious he'd kill a lot of people.
Vipers, lol. That actually gave me an idea: what if the wipers were not rigid but would change form to maximize the cleaning area.
Is this a problem in England, Japan, or Jamaica?
Luxembourg
Gobi Desert
Now I'm not an electriciian or mechanical engineer, but can't you just swap the power connections and make the wiper motors run backwards?
It's a question, cause I don't know.
Anyone?
more lulz
The wipers go back and fourth. It makes no difference which direction the wiper motor is running.
OK, just went and looked at my truck, and I think you would have to move the motors.
My car though, only has one wiper that whips back and forth pretty fucking fast....
You wouldnt want to.
If you want a real workable solution, it would be forced air.
Same as leaf blowers only stronger and more focused. They way water is removed faster then it collects.
But then you would have to 'engineer' a real solution instead of just blameing the wipers.
Remember engineers are stupid and lazy. Management has the for sight of a mole and are even dumber.
Which is why the harder it rains, the faster I drive -- forced air reduces water build up -- at least that is what I tell the police officer.
I wanna hire you - for a little nuclear project on the coast of NE Japan ...
Dudes, global population is 7 bln :)
... and they don't stop.
"transitory"
This is such bull fucking shit. The passenger side has a more obstructed view in the upper right corner. Go out and check.
http://www.madehow.com/images/hpm_0000_0007_0_img0131.jpg
See also: Zero Stroke
http://en.wikipedia.org/wiki/Zero_stroke
"Besides a compulsion to write endless strings of zeros, individuals that suffered from this condition would reportedly become confused when referring to numbers and would state that they were ten billion years old or had forty trillion children."
Just synchronize your blinking to the moment when the passenger side wipers throws water on the drivers side.
Ralph Nader, Abby Joseph Cohen, William Dudley, Paul Krugman & Joe Lavorgna are demanding that these cars be replaced with wiper-less, windshield-less models immediately.
Someone's been trading auto-recall derivatives?
OT don't know where to post.
Lloyds is suing Saudia Arabia for funding 9/11
http://www.independent.co.uk/news/uk/home-news/lloyds-insurer-sues-saudi-arabia-for-funding-911-attacks-2356857.html
That's it, the US needs to invade Iraq!! oooer, been done? Well nm: That's it, the US needs to put a stop to those Iranians!
Also OT, here is a question I believe every American should ask him/herself:
http://www.moronail.net/img/13079_i-want-a-canadian
Can suing the U. S. far behind?! Most "alleged" hijackers were U. S. assets and trained at U. S. military bases.
How about this-
One U.S. President needs recalling
But I'm trying to forget him...
Hauling those cars from colonies at Andromera galaxy is going to be a bitch.
To get an even bigger algo popping headline, just say 700 Quadrillion cars and trucks need to be recalled.
Beyond words guys. And. so far, notice. gold holding 1.770 bottom support. Time will tell. AAPL also amazing. NP
AAPL is the new "dummy hold" for mutual & hedge funds, as in held as a matter of autopilot (just as Jobs has resigned and it's probably at or very near it's all time highs).
Whats really funny to me is 3 weeks ago everyone said that stocks would have dropped 20% by now for QE3 to be ushered in....now all that needs to happen is a 1% drop in gold to give the all-clear for Bens QE3 trillions fest. Too funny.
This pattern is the same thing we saw in 2007-2008.
Everyone who has a vested interest in the can being kicked calls The Bernank a genius - right up until the time that equities crash 40% to 50% within a 9 month period of time (at which time Bernanke's critics roll the tape on all of The Bernank's incompetent past calls, once again).
What you're seeing is the process of manufacturing consent, where all ideas go from being initially preposterous to absolutely inevitable under the eyes of conventional wisdom.
Most of those cars and trucks were abducted by aliens. This recall will require the aliens to return. Krugman is *very* happy.
A Keynesian Wet Dream: "700 Trillion Cars And Light Trucks Need Recalling"
pretty funny ..... who gets props for comedy at ZH?
Yay! 2:30, no volume melt up time! (Shoot me please, I'm so fucking bored.)
If they all have broken windows it will be even greater for the economy!
QE3 or "civil unrest" Bloomberg says.
I guess he means jobs, spending, capital investment and stuff like that, eh?
Ahhghh...agh agh agh....AAAaaaagghhh!!!
Here comes the depression trade. Are you ready? AMZN is eating everyone else's lunch except for supermarkets.
http://stockcharts.com/h-sc/ui?s=amzn
detroiasahi, planet of cars; The beings of this extraordinary planet are small cars and light trucks. They are just one of the dozens of worlds where this apparent phenomenon exists. Current estimates are that 8 to the 42nd as a round number of likely inhabitants. This figure is not likely to be accurate due to the lack of reporting from these planets and our reliance on field representatives who don't seem keen to go there.
If you intend to visit and are a carbon based life form be careful should you have any likeness or bodily potential to be proccessed and used as a hydrocarbon based fuel.
The Hitchhiker's Guide thanks you.
gov motors recall notice. engine sounds like monkey with hammer. recall notice work order "removed hammer from monkey"
Yes, this is bureaucracy, the good old fashioned way. Ted Kennedy would love it. Hire one crew to dig the ditch, hire another crew to fill it back in, and underwrite the project with the stroke of a pen. Now, a trillion is only a figure of speech. Following the money trail is fun that never ends.
http://georgesblogforum.wordpress.com/2011/09/16/the-four-money-questions-update-09-162011/
This is the fucken biggest problem the world is in right now. Any way here is the solution of your problem. Sit on the passenger side. Your problem solved...
This is so stupid. Clearly Krugman would be having a wet dream here...
THIS is the solution to the unemployment problem!
For safety, any car driven in the rain or snow needs someone strapped to the roof to make sure that water/snow thrown into the drivers field of vision is promptly removed.
If you figure these are minimum-wage jobs, they're perfect for teens, ex-cons, folks without higher education, etc.
700,000,000 million jobs overnight. 1 for each car that has to be recalled otherwise.
Ya, I remember when Nancy Pelosi was saying we'd be losing 500,000,000 jobs/month
http://www.youtube.com/watch?v=x8hMJVXt09E
Those pesky numbers.
- Ned
{OT--Came across this:
http://www.youtube.com/watch?v=cjCxq9a7XB4
Is it our very-own Mikey?}
This is "Most Heinous Fuckery"!
"I love Jim O'Neill. I love that Goldman Sachs guy. He says you either get it, or you don't. I don't get it. In the future there will be a Confucius saying: the wise man not invest in overcapacity. The flaw of the business model, at the center of it is a craving for power as opposed to profit."
- Hugh Hendry, 2010
=========
But, Hendry fails to comprehend that in every single country power brings in profit$ big time.
So when do they start recalling all babys born after 1913?
Oh, it's a real press release, and is still on Marketwire's site... ROFL...
www.marketwire.com/press-release/700000000-million-cars-and-light-trucks...
That's some real quality um, whatever it is you do...
It's headlines like these that make it obvious how much 'headline news' is actually just some press release somebody paid for but most people don't have a clue what financialcontent or any of those other 'aggregators' and website feeders really are. Most of the time the line between news and press release is frighteningly invisible.
This one is just a reminder why people usually hire PR companies to do their press releases, they are usually then at least intelligible...
The wipers are they way they are because they wipe almost to the left edge of the dirvers side. If you reverse them then there will be an arc of unwiped wind shield on the left side, obscuring view to the left.
JP MORGAN has 80 Trillion USD in derivative bets ???
http://www.youtube.com/watch?v=8OOXKrxStn0
start watching at 35:00
SBT Japan is the leading used cars exporter in Japan. The head office is at Yokohama,Japan but the company is operating several other offices in different parts of the world. It is the most reliable supplier of auctioned cars globally at affordable price.
SBT Japan | SBT Japan
Online car scam is frequently observed now, this is because car is an expensive purchase and it involves huge amount of money therefore one should be very careful about the fraud and phishing websites.
http://www.pmgt.co.jp/