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For all your late Friday night chartporn needs.
Source: Gluskin Sheff
OHhhhhh Chart-Porn........ DING!
Here's further chart porn:
The Oil contract is trading at a 35% discount to Gas-Price predicted Barrel price.
easily excited ;-)
This document is highly uninteresting.
Numbers are hard. I need Obama to boil it down to an easily digestible soundbite so that I can properly blame his political opponents.
That's easy! It's Bush's fault.
Just loved the rolled up sleeves today, Mr. President. Booyah!
What are the Duties of the President of the United States?
To convince the people of America and the wrold that the knurled (AS a machinist, I thought you might appreciate that Michael) rod being ground up their dry backside is actually good for them.
Liar-in Thief! :-)
POT is US!
I do solemnly swear (or affirm) that I will faithfully execute the Office of President of the United States, and will to the best of my ability, preserve, protect and defend the Constitution of the United States.
lol. yea. right.
Duties binclude supplying the CHOOMWAGON.
Let me be clear:
I have done nothing major without bi-partisan Republican support,
and whatever I did was always to prevent Republicans doing even worse things with my support.
Damn! It's still too long a soundbite for most voters to grasp.
Um.. I think they are going to need to adjust the scale on the right hand frame of chart 5 and double or triple the values of the vertical axis.They will need the overhead room for the rest of the year..
It's Bush's fault. That little scamp.
It took me a really long time to get an erection from this article.
Great chart port. Glad I picked up this spiderman towel at the bank last week...
Those stands can get sticky....
I don't get chart 35- household net worth in US is $500,000. Lets take out the 0.1% and redo this chart.
Otherwise good info on the employment 55 year olds vs the teenages - 25-34 year olds.
Net worth is the greatest brainwash I have ever heard. After all debt is paid back, there is no money anymore. How can you value someting in dollars then.
I believe the number ... 30% of all homeowners in the US own their homes outright - no mortgage. And anybody mid-life that has worked in any corporate America job for their entire careers has to have at least a couple hundred thousand in a 401K.
I know sometimes its easy to think that everybody is underwater in their house, and everybody carries a credit card balance, and every industry has suffered the job loses that the realestate/finance/construction industry has ... but it's just not true.
And you expect what 'suply' to your 'demand', from who?
1. As a mean average, $500,000 could be credible.
2. More clarity would be provided by dividing net worth into top 10%, bottom 10%, etc.
3. Against "net worth" list your share of future gov't liabilties, so you know where your NW is heading in the future.
On any balance sheet- liabilities tend to be a little less mushy than assets.
Or in the case of bank balance sheets, the best description is promises, promises.
Otherwise, David it was a good read.
what correlates to bond yields most? FED POLICY at 88%!
He writes well. But rather a difficult when he writes that one of the reasons there will be no amageddon is because Mitt Romney is neck and neck with Obama. That was beyond my comprehension.
Nice charts too.
Now I get it. He is writing that for his clients and a really bad thing would be if they pull their money. Cool.
About a year ago I emailed Rosie about how he dealt with confirmational bias. I was surprised when he actually gave the time and thought to respond to my question. He stated then that he keeps in mind that the sell side must remain bullish. Now as a bond bull he is on the sell side, supporting your closing thought. So, you must fight his confimational bias when reading this article. He is one of the best economists out there, so his bias is probably correct. He has demonstrated courage and honesty to make unpopular calls in the past and in a manipulated market politics is critical. I suspect he has contemplated the effect of the campaign on the market with much more clarity than you or I can comprehend, supporting your opening thought.I did give you an up arrow for recognizing his bias.
What a surprise... not.
Ya. God only knows what they are saying about Alex Jones.
They lost their opportunity, too late now. The ideas are out there and gaining steam regardless of whether or not Paul gets the GOP nod.
Will be nice when we can blame the weather again.
Whoa Wood, careful what you ask for, you just might get it.
Mommy Nature is acting like a woman during a bad "Cycle" right now.
"The weather" is the last resort of a scoundrel.
- Nouriel Roubini
Yes yes all true. But there's way too much effort expended on trying to assign blame rather than trying to address key issues which are perpetuating economic imbalances. There are key unrecognized structural flaws that remain unadressed by either monetary or fiscal policy. The rabbit hole runs deep. But economists, financiers, bankers and politicians fail to see the obvious problems. And so we'll be mired in deep, sticky brown muck for years, even decades.
Years, perhaps. Decades - not possible.
War. Or a massive health epidemic that wipes out billions. Or a cataclysmic atmospheric event. Or mass starvation and dehydration.
Or a mix of these, or all of them.
Whatever will happen, won't take decades.
I think you're optimistic. 20 years of marching and sleeping in brown muck is worse than a black swan storm that hits and passes over fast followed by sunny skies.
Who said anything about any sunny skies?
And how in the hell could I ever be classified as being "optimistic"?
Chart Porn: When a V-shaped chart results in parabolic move with a blow off top.
We're looking into this, but we can confirm: There's something called the 'Greek Drachma (post Euro)' that's shown up on the Bloomberg terminal.
it made it's own story on the Hedge yesterday. Check it out. Interesting comment section too.
Gotta warm 'er up
...that's a lot of charts (36 pages) to state the obvious...seemed more like a coming-of-age movie re-make that should not have been made or the old showtime soft porn of the late 90s rather than the real hardcore porn that the SEC watches...and to think of all the money, and all the man power...i take much comfort in having/knowing the same info as a chief economist and "doing it all by myself"...master-chart-bation.
mmm. That hit the spot.
Double bottom. Sexy....
You guys didn't miss the fine print at the end where it says: BUY GOLD WITH BOTH HANDS! Did you?
Slow night, Tyler? :)
(If that is your real name ....)
Give Rosie our best ....
I'm gonna need popscicle sticks and a lota' tape to get my junker long and hard over those porn charts.
It's going to take Charlize, in-person, naked, and willing to work hard, to give me any hope of seeing anything firm again.
Yeah, "Preserve Capital".... in canned beans, bottled water, and a forced-sale cabin in the mountains.
I just got home from dinner with 3 people who have advanced degrees. They have no idea that "the trouble in Greece" is a minor hot-dog stand appetizer, for the sumptuous banquet cooking in Spain.
And the Market dumped because of a one month job report.
If Reality hits the ground in the woods, does it make a sound, if nobody is paying attention?
i still think the number one issue at hand for the Fed is to remind "the folks" that "they've been all over this shit like white on rice." not only can the same NOT be said of Europe and China...but the fact of the matter is their wrong headed policy responses have had a deleterious impact on our own recovery. C'est la vie. We're still growth oriented (but diversified. Has there ever been a recovery where diversification as critical wasn't more obvious?) and do our best to keep at what was famously called in the 90's "the hedge hog strategy"...but the bottom line is that state and local governments and an out of control and ugly media are heading directly towards a catastrophic scenario...one of their own making i might add.
The Fed forecasts are totally wrong again because of all of the QE bullshit. I paid 6 bucks for my K Cups today instead of 9 . 3 bucks in my pocket. And so on. STOP PRINTING
According to Reuters today at 5:11 AM ET: "The latest poll to be published on Friday by agency Public Issue showed a six-point lead for the radical leftist Syriza…”
Greece: SYRIZA leading by 6% in final election poll
By Katerina Nikolas
Jun 1, 2012 - 16 hours ago in Politics
Athens - SYRIZA, the Coalition of the Radical Left, has taken a dramatic six percent lead in the final poll allowed before Greece holds elections on June 17, polling 31.5 percent.
Poll results cited in Ekathimerini show that SYRIZA has soared ahead of New Democracy in a dramatic turnaround since the polls published in the Greek press on Sunday, which gave New Democracy a slight lead.
The latest poll places SYRIZA on 31.5%, New Democracy on 25.5%, and PASOK on 13.5. Of the smaller parties the Democratic Left, which has stated it will be willing to form a coalition government with SYRIZA, is on 7.5%, whilst the Communists KKE has 5.5%.
Support for the far-right Golden Dawn has dropped from 7% in the May election to just 4%, still enough of a percentage to gain the party entry to Parliament.
In spite of SYRIZA's strong showing in the latest poll, Ta Nea reported voters have questioned the suitability of Alexis Tsipras to become Prime Minister. Fotis Kouvelis, leader of the Democratic Left is the most popular choice as leader.
Exit polls conducted after the May election showed SYRIZA's massive gain is due to support from younger voters under 50, and from the unemployed. Additionally, SYRIZA's gain, along with that of the smaller parties, was primarily due to total disillusionment with the traditional two parties of PASOK and New Democracy.
Read more: http://www.digitaljournal.com/article/325846#ixzz1wbHNC2dj
Reuters 13 hours ago: “On Friday, the conservative Kathimerini daily newspaper, which had just released a poll putting SYRIZA in the lead, published a front page editorial defending its polls.
"’Publishing the polls cannot depend on whether or not we like the result,’ it wrote.”
Not good! Meanwhile, Merkel is playing games with Putin & Hollande over Syria!
Still trying to decide if the Fed charts on page 8 top show a patient going into cardiac arrest and dying or if it is how a drunk driver would conduct monetary policy.
Ok, so I see how you want to protect my capital, but you have yet to convince me how this is relevant to protecting my physical well being. Am I to conclude that holding wealth in some diverse portfolio of quasi-contractual agreements of good faith are going to stop the zombie horde from beating down my door and eating my face off.
Do I get a sticker stating:
"Occupant's assets managed by Gluskin Sheff, So Piss Off"
to place in my front window?
Now that's personal protection!
Read all 36 pages and not one mention of a diversified portfolio of firepower.
Interesting thing about the corporate bond charts on page 21, is just how fast things change when the SHTF, as in '09 -- months.
I'm running silent, I'm running deepFirst thing you learn, ......you better not make a peepAnd if you move in a straight lineThem ghosts 'll barbecue your behind
I'm running silent, I'm running deepFirst thing you learn, ......you better not make a peepAnd if you move in a straight lineThem ghosts 'll barbecue your behind
"Zig-Zaggin' Through Ghostland" (Ed Volker)The New Orleans Radiators, 1989
Rosenberg... This guy was bearish from 666 SPX all the way to 1422... around 1410 he starts talking bullish -- queue market implosion!! Stupid Motherfucker. How does he sleep at night?!
Is this the kobayashi maru of finance?
Yes, and James T. Kirk is dead...
That's some good chart porn! I used (ctrl) (minus) to read it!
Sarenna Lee, that just came out, sorry.....
I have the weirdest boner.
Here's more chart - I can't say it.
Could be primary wave 3 down - http://bullandbearmash.com/index/djia/weekly/.
Not much left hold this up.
Best line of the whole presentation. Points to why the general populace is not clueing in to how bad things really are:
The reason why nobody considers this to be a modern-day depression is because nobody can see the soup and bread lines that were so visible during the 1930s. That’s only because these days, you receive your bread and soupfrom Uncle Sam either electronically or in the mail
Getting soup in the mail, that's pretty stupid. I guess bread might cut it, and maybe dried soup, but the way you presnet this is just plain wrong. I wish you people would quite bashing the Post Office. They are having a hard enough time as it is.
It would be interesting to see how many govenrment workers are on SNAP, btw. Maybe then you would be nicer about things.
charts are great at telling you what has already happened.
Thus charts are known as "lagging indicators". They do serve a very useful purpose in demonstarting events, mainly through interpretation (lecturer or viewer or both) of the data, that allows the learner to comprehend and perhaps avoid or replicate (if the desired outcome is presented in the charts) certain behaviors in the future. It is a classical way of conveying knowledge.
It is far more difficult to present leading indicators, however, not impossible. For instance, if there is a high correlation between events, with one event leading to another it can be said the they first event, let's call this event 1, can predict event 2. The degree of predictablity of course being dependent on the correlation of the two events.
A good example would be striking someone on the head with 14 oz. fiberglass handle hammer. I think few in this room would argue that event 1, the stiking of the aforemention skull with the hammer, would lead to event 2, a swelling of the skull or perhaps a cracking where cranial matter might be visible depending on the amount and/or type of hair on the person being struck. So a chart showing the number of strikes to the head in with a hammer (singly or as multiple strikes per the same episode) would lead you, the learner in this instance, pretty much certain that someone had a sore noggin'. the leading indicator would be knowing someone had been hit in the head. You would predict some sort of head trauma. The lagging indicator would be the head trauma and you might have to speculate as to the nature of event 1 at that point.
Looks like Rosenberg’s secret midget porn collection to me.
Looks like Dave has finally sold-out. What a pile of bullshit that presentation was.
(see reply to css1971 above)
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