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"The Punch Line" - All The Ad Hoc Data That's Fit To Print... And Then Some

Tyler Durden's picture


Abe Gulkowitz has released the latest edition of his always delightful and informative newsletter (for lack of a better word) "The Punch Line": the best aggregation of ad hoc charts, factoids, and data points available anywhere. While by now even Deutsche Bank realizes that the US economy has entered a recession, here is the blow by blow of how we got there, where we may be headed next and 1001 other facts about the US economy and the world that you probably did not know...

To summarize:

Endless political bickering regarding the fiscal nightmare in the U.S. have combined with weakening economic signals and the lack of any easy solutions in the EU morass to trigger an unprecedented credit rating challenge to the U.S. and a market plunge that quickly spread around the globe. Two years into a so?called recovery and the contours of expansion remain far from obvious. Punishing losses in financial markets, culminating in widespread setbacks in risky assets, suggest that investor sentiment has soured ?? and decisively. The massive realignment in perspective is the worst since the Great Recession. The stock markets aren't alone in this reassessment. The Federal Reserve has joined them.What can be done about will be the pressing issue for some time. It underscores our worst fears that massive liquidity and stimulus did much to save the financial system at the time but little to generate sustainable job creation in any significant way; but created enormous distortions in its wake. And all the fiscal pressures can lead to only one result. Policymakers are hemmed in. Many are beginning to realize that we may be at only the first step in a long term spending pullback that may hit many industries including health care, defense, technology, and education sectors. Despite all the noise about the rating action by S&P, significant weight should be given to the series of large negative surprises in the economic data stream. While such data can turn around just as easily, there is now sufficient suspicion that job data will continue to disappoint , requiring a further downward adjustment to business outlooks. Whatever the policy response – the latest shock to household and investor confidence and the likelihood of a slower and more risky growth trajectory seem likely to prove more lasting.

Full presentation:



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Wed, 08/10/2011 - 21:45 | 1549535 thatthingcanfly
thatthingcanfly's picture

Is anyone else annoyed by the Goldline advertisements with that idiot Glen Beck's face plastered all over ZH lately?

Wed, 08/10/2011 - 21:52 | 1549558 reefermadness
reefermadness's picture

There's a Glen Beck contingent here at ZH. LOL!

Wed, 08/10/2011 - 22:26 | 1549628 Spitzer
Spitzer's picture

The worst part is, those fuckers rip people off. Glenn just doesn't know it.

Thu, 08/11/2011 - 09:56 | 1550606 snowball777
snowball777's picture

He may not (he's not that bright, even for a sold-out shill), but his accountant probably does.

Wed, 08/10/2011 - 22:39 | 1549659 gwar5
gwar5's picture

funny thing is that Beck has been more correct on calling the economy from 2 years ago than the "experts" and the Fed. go figure.

Wed, 08/10/2011 - 23:20 | 1549743 Manthong
Manthong's picture

If you either accept or just look beyond the preachy stuff, you will find that he has done more to educate people about economics and history than most any economist since Friedman, and made a ton of money doing it.

Thu, 08/11/2011 - 00:23 | 1549822 Libertarians fo...
Libertarians for Prosperity's picture

Glenn Beck is full of shit.  Tell me again how QE2 is the fault of American labor unions?

Anyone who can't see through the roiling miasma of right-wing swamp gas spewing from Beck's mouth is an absolute moron.  He's the worst of the worst in terms of political propaganda whores.

It's funny to watch all the idiotic, libertarian goons praise him, while just a few years ago Beck equated Ron Paul supporters with domestic terrorists.  Of course, Beck was at CNN then, and was paid to offer a different message than the fear mongering garbage he was paid to puke up at Faux.


Thu, 08/11/2011 - 00:52 | 1549882 Manthong
Manthong's picture

Well, nobody is perfect..

And you shouldn't compare Obama to Hitler..

Hitler was able to bring the Olympics to his country.

Thu, 08/11/2011 - 01:20 | 1549909 TreadwCare
TreadwCare's picture


I'm going to start using that every time I hear the Obama is Hitler reference.  I'll credit you.  Brilliant. 

Thu, 08/11/2011 - 02:52 | 1549967 BlackholeDivestment
BlackholeDivestment's picture

...that is fuuuuuny. ha haa haa haaaa. Tis a sick world. lol.

Thu, 08/11/2011 - 03:00 | 1549972 BlackholeDivestment
BlackholeDivestment's picture

P.S. Obama is not Hitler, no no no, glock unt shhhhh ...peel the banana.

...he is           ...he is     ...he is



                      ...THE HOST OF DEE Devil... aaah haa haa haa.

Thu, 08/11/2011 - 05:36 | 1550037 fredquimby
fredquimby's picture

Adblock plus bitchez

Wed, 08/10/2011 - 23:21 | 1549747 Blotsky
Blotsky's picture

But Beck is just as owned as the politicians.


In the end the TPTB are throwing this information in the face of the sheeple and are laughing their *sses off because they know very few will believe and even fewer will prepare.


Oh well.

Wed, 08/10/2011 - 22:54 | 1549691 BlackholeDivestment
BlackholeDivestment's picture, Becky is a bit twisted on the whole Mormon underware bullshit and he's a complete moron when it comes to many things like 911. The dipshit is like Ron Paul and most idiots that claim 911 not an inside job, At this point you cannot get away with being clueless or a tricky evil bastard. The fallen will offer a 1000 truths to get one lie through. Every dumbshit in the world can look at a pyramid on the dollar and try to deny the masonic mark upon it but, that is delusional.

...madness, I am in agreement with everyone that knows the prophetic last generation is now at hand. Make no mistake, Christ is confirming, have no doubt. You are going to witness the fulfillment of the whole story in the coming years. Watch! 

Wed, 08/10/2011 - 23:13 | 1549729 Gringo Viejo
Gringo Viejo's picture

I don't wish to be rude, but as you've attacked the man's religion, I feel obligated to point out, that you might learn to spell underwear before calling others "moron".

Wed, 08/10/2011 - 23:28 | 1549758 Spitzer
Spitzer's picture

anyone who watches a movie called spare change, made by a couple anarchists on LSD, that says that the pentagon shot a missile at itself, needs their head examined.

Wed, 08/10/2011 - 23:40 | 1549777 johngaltier
johngaltier's picture

Loose Change...?


Wed, 08/10/2011 - 23:44 | 1549783 Hugh G Rection
Hugh G Rection's picture

Koooooool Aiiiiiiiiiiid


Good use of rule #5


Don't debate facts or physics, just make fun of people. Lots easier!


Explain how an airplane fit in that hole. How thermite was found in the rubble. How BBC reported #7 fell, 25 mins early. How a building not hit by a plane falls freefall.  Ahhh screw it, drink away.

Thu, 08/11/2011 - 01:13 | 1549903 i-dog
i-dog's picture


But don't waste your time on him ... you can't fix stupid.

Thu, 08/11/2011 - 03:42 | 1549993 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

Of course, there is no shortage of people who witnessed the jet fly into the Pentagon.  I live in DC and personally know one such eyewitness

Thu, 08/11/2011 - 04:35 | 1550016 Pay Day Today
Pay Day Today's picture

There should be thousands of eye witnesses, that plane had to level fly right next to the ground for hundreds of yards before impact! Not something you can do after a few hours training in a light plane.

Thu, 08/11/2011 - 06:14 | 1550050 centurain
centurain's picture



As an Army bomb tech I will just inform you that the main component in thermite is iron oxide aka RUST.  That is where all you 911 truthers need to stop with all your whiny conspiracy theory BS.  Not to mention that over 30,000 people on I95/I395/I495 aka the Beltway around D.C. saw the plane fly into the Pentagon.  Just stop trying to convince rational people that the government who cannot keep any secrets for more than 1 day without Chuck Schumer secretly informing the NYT could have a cover up of this magnitude all the while thousands of Americans actually saw the planes doing the damage.  By the way steel doesn't have to melt in order to lose structural integrity Rosie O'Donnell, it only has to reach 700 degrees before it loses strength.

Thu, 08/11/2011 - 06:55 | 1550061 the tower
the tower's picture

30.000 saw it... and in the age of camera phones NO-ONE shot even 1 photo?


the pentagon... 1000's of cameras everywhere, and not one taped the plane?

Thu, 08/11/2011 - 08:35 | 1550269 maximin thrax
maximin thrax's picture

They were all on the phone.

How much time do you think a low-flying aircraft emerging from ground clutter at several hundered miles an hour affords an observer to get a camera out and start filming? Five seconds, maybe?

Thu, 08/11/2011 - 13:30 | 1551446 Hugh G Rection
Hugh G Rection's picture

O you're a bomb tech.  Well then thanks for completely solving all the "coincidences" for me!  Now I can go back to my old neocon paradigm, after that "catastrophic and catalyzing event". Right Uncle Wolfowitz?


USA, USA, USA!  Bomb dem durty Arabs!


Building 7 committed suicide cause it was sad 1 and 2 fell down.  Dancing Israelis? They were just there to "document" the event.. thats why the feds sent em back to Israel. They aint no Mossad, thats silliness. Israel be our friends, its dem durty mooslems thats hates our freedums!  


Operation Troll ZH compromised.

Thu, 08/11/2011 - 01:37 | 1549924 BlackholeDivestment
BlackholeDivestment's picture

911, lol, Pentagon, lol. Spitzer lol, You are funny. That's ground breaking comedy, lol, ''Home Run''!

Hey Spitzer, when you get done with the remote control, is it before or after shoveling shit on 911 1941?

...I was at the Pentagon, after I decided to answer the phone call on my day off. Anyone call you, to wake you up that day ...boy? Strange, I told the person, who called, this was going to happen. At the time, I lived by the Pentagon. The person that called worked there. I wonder, who would be the most ''ironic'' person you could get a call from like that? I doubt you would even imagine, muchless believe. lol. That person you can't image did call. lol. Grow up Spitz. Aaah movie? ...come on Jacob, all you see is ''underwear'' still? There's more to the picture than lucky tail 77, boy. lol

You and  the Wuff Wuff ...aah Nitwitz must be fun at the Citi Bank Parties when Deutch is passing out secrets. Yall lost your security clearances why?

Thu, 08/11/2011 - 05:16 | 1550033 spdrdr
spdrdr's picture

Um, Black Hole, I'm afraid that those nice young men with the long white coats and butterfly nets are assembling at your front door as we speak.

Do NOT answer the chime.


Happy re-programming...... 


Thu, 08/11/2011 - 06:15 | 1550051 BlackholeDivestment
BlackholeDivestment's picture have a good eye. lol.

...but last time (FBI woman) one was really smart (cuz she agreed, lol) and attractive. It's not every day that that happens.

Thu, 08/11/2011 - 06:52 | 1550059 the tower
the tower's picture

show me the footage of the plane crashing into the pentagon, show me

Thu, 08/11/2011 - 00:52 | 1549885 BlackholeDivestment
BlackholeDivestment's picture

...I hear yuh Gringo, the mirror image of the accuser is a moron. I would be the devil of course, in the eye of a Mormon, Jew, Muslim, Hindu etc... atheists, Chairsatan and even the so called Patriot flag waving ...Bitchez of the nations. lol.

Spelling, lol.


Wed, 08/10/2011 - 23:29 | 1549759 Deepskyy
Deepskyy's picture

Damn that thermite an all the other Truther bullshit.

Physics is a bitch aint it.



Thu, 08/11/2011 - 09:19 | 1550413 mourad88
mourad88's picture

Thermite, bitchez!!!!

Wed, 08/10/2011 - 23:32 | 1549762 Hugh G Rection
Hugh G Rection's picture

I used to listen to that fat mormon fuck religiously.  Thanks Glenn for demonizing the 9-11 truth movement, otherwise I might not have found out what a sellout piece of shit you are!


What happened to the Alex Jones doc that was supposed to come out, The Glenn Beck Deception???


Beckadict Arnold, gatekeeper, globalist puppet, douchebag.

Wed, 08/10/2011 - 21:52 | 1549559 Yes_Questions
Yes_Questions's picture

Its like a constant reminder to watch A Christmas Story.

Wed, 08/10/2011 - 21:54 | 1549562 alien-IQ
alien-IQ's picture

Firefox + Ad Blocker Plus = No more ads anywhere.

works beautifully.

Wed, 08/10/2011 - 22:30 | 1549640 Whatta
Whatta's picture scooped me.

Thu, 08/11/2011 - 05:43 | 1550040 fredquimby
fredquimby's picture

oops, me too. Sorry! :)

Wed, 08/10/2011 - 22:39 | 1549658 ThatGuyEhler
ThatGuyEhler's picture

Sure, but if we all used an ad blocker then Tyler couldn't keep stacking silver coins... :(

Thu, 08/11/2011 - 09:48 | 1550577 citta vritti
citta vritti's picture

pay with your eyes and attention, or donate

Thu, 08/11/2011 - 03:51 | 1549996 bookwurm
bookwurm's picture

Dont forget No script and Ghostery...

Wed, 08/10/2011 - 22:04 | 1549585 lsbumblebee
lsbumblebee's picture

Glen Beck? I thought that was the bukkake lady.

Wed, 08/10/2011 - 22:15 | 1549602 lostintheflood
lostintheflood's picture

there are ads on zero hedge?

Wed, 08/10/2011 - 22:29 | 1549637 Whatta
Whatta's picture

Two words...well, more than two words...


...Firefox and the Adblock Plus add-on (and get Better Privacy also).

Presto. What ads?

Wed, 08/10/2011 - 22:40 | 1549661 ThatGuyEhler
ThatGuyEhler's picture

What ads? The ads that pay bandwidth bills, that's what.

Wed, 08/10/2011 - 22:53 | 1549689 cartonero
cartonero's picture

I'm not sure about this, but I believe advertisers pay by the page view whether their ads are visible to you or not. 

Wed, 08/10/2011 - 22:51 | 1549683 windcatcher
windcatcher's picture

Yeah, every time I see a Goldline advertisement it reminds me how successful criminals have become. Has anyone heard how the criminal charges against Goldline for their gold Swiss franc “Helena’s” scam turned out? Goldline made millions on that “spread” (40% on selling and 40% on buying with a 10% transaction fee) scam. Crime does pay! Goldline targets old people who “Trust Beck and Joe Battaglia host American Advisor radio program”. In short, they are confidence men who have swindled thousand of people out of their money. Zero Hedge should ban Goldline from advertising on their site.

That scam is easy to break, ask your local coin dealer what he will buy and sell gold Swiss Franc for and he will tell you spot price plus a small transaction fee.

Wed, 08/10/2011 - 23:21 | 1549749 yabyum
yabyum's picture

Wait, wait? Glen beck buys his gold there right.....right. Criminal bastards.

Wed, 08/10/2011 - 23:16 | 1549736 Oracle of Kypseli
Oracle of Kypseli's picture

@ thatthingcanfly

Are you annoyed with the fear mongering ways to sell you insurance?

Are you annoyed with the loud car sales on TV? 

We should not stop anyone from making a living.


Thu, 08/11/2011 - 00:27 | 1549846 FIAT_FixItAgainTony
FIAT_FixItAgainTony's picture

no, not at all because i see no ads.  how is this possible?  well, i'll tell you...

1 d/l firefox.

2 install firefox.

3 d/l the add-on Ad Blocker Plus (ABP).

4 activate ABP.

5 surf without ads.

BTW, i see no ads on youtube videos either.

Wed, 08/10/2011 - 21:45 | 1549538 tom a taxpayer
tom a taxpayer's picture

How about this ad hoc data:

Spontaneous ejaculations on Wall Street.

A Chinese laundry favored by Wall Street insiders says Wall Street executives dropped off more than 2,800 custom-tailored suit pants for dry cleaning after the Fed's free-money-til-mid-2013 announcement and resulting 430 point DOW spurt on Tuesday August 9.  According to Mhee Noh Seee, manager of the laundry,  the spike in dry cleaning volume was not the only thing unusual in the afternoon spurt in business. Normally, executive laundry is dropped off by mail room clerks, secretaries, or executive suite maids. But Tuesday after the 4pm close of stock market, most Wall Street executives brought their own soiled pants to the laundry in expensive leather cases or client-presentation portfolios, indicating they did not want underlings and the public to know about the Fed-induced ecstasy of free money til 2013.

Mhee Noh Seee inspected the soiled pants to see what his good fortune is owed to. As an expert witness in such cases as the Clinton/Lewinsky stained blue dress affair, Mhee instantly recognized the BSD bull semen spewed on Wall Street's finest suit pants: $6,000 Brioni,  $5,800 Kiton,  $4,200 Canali, $3,800 Bottega Veneta, $3,595 Giorgio Armani, etc..  

Mhee Noh Seee asked that we not report on the spontaneous ejaculations on Wall Street. We agreed until we learned that a roughly equal number of Wall Street executives (3,000) decided to preserve their semem-stained pants as a souvenir, a fond memory, like a first boyhood ejaculation. Several executives have already mounted their semen-stained pants on the office walls next to photos of their trophy wives or trophy mistresses. With so much joy on Wall Street, over 5,000 spontaneous ejaculations triggered by the Fed, we can't keep the Fed's free money good news in our pants.

Wed, 08/10/2011 - 23:09 | 1549720 UGrev
UGrev's picture

You should write for the Onion. 

I'll never wear a suit.. ever.. not even when I'm in casket. 

Thu, 08/11/2011 - 00:11 | 1549823 trav7777
trav7777's picture

Brioni suit pants do not cost $6000, and Kiton is typically more expensive than Brioni due to the thinner wools they tend to use.

Thu, 08/11/2011 - 00:17 | 1549830 gangland
gangland's picture


just bought 3 wool suits, 3 shirts, 3 belts, 3 socks, 3 silk ties, 3 silk handkerchiefs for $199 plus tax, for the interviews at panda express.  individual suits were $66, they have 2 labels on them, one says designed in france, the other, made in china, lmao.


Thu, 08/11/2011 - 10:10 | 1550659 snowball777
snowball777's picture

Trav, the Brioni jabroni.

Thu, 08/11/2011 - 04:18 | 1550006 BlackholeDivestment
BlackholeDivestment's picture

Tommy, that was purrr fect... lol

...I got ah T shirt

             ...made in China

...pair of nick ...nick ...nickers ...made outta mexican levizzzz

 Monsanto gold cotton skiv ...eezy baby

               boots made outta somebody's hide ...yeah

 streakin into Oh! ...drop the Bomb ...oblivian


Wed, 08/10/2011 - 21:50 | 1549556 Yes_Questions
Yes_Questions's picture

there is now sufficient suspicion that job data will continue to disappoint..

Suspicion? How about downright certainty the labor market is woefully insufficient and cannot be turned around.. easily?

Wed, 08/10/2011 - 21:54 | 1549561 km4
km4's picture

Nearly three-quarters of Americans say they have little or no confidence in Washington to repair the economy. Confidence is down 21 percentage points from October 2010, and is less than half its 2002 levels. Roughly four in 10 say they have no confidence at all in the federal government when it comes to dealing with the economy.

Wed, 08/10/2011 - 21:58 | 1549572 ReeferMac
ReeferMac's picture

November may ACTUALLY prove to be interesting this year....

Nah, probably not.

Wed, 08/10/2011 - 21:55 | 1549563 Taku
Taku's picture

Dylan Ratigan for office.

Wed, 08/10/2011 - 22:02 | 1549581 Yes_Questions
Yes_Questions's picture

Dylan Ratigan for UBS anchor!

Wed, 08/10/2011 - 21:56 | 1549567 TheFourthStooge-ing
TheFourthStooge-ing's picture

Whatever the policy response, you can pretty much be assured that it will make things worse.

Being long gold is functionally equivalent to shorting the integrity and competence of politicians and paper pushers.

If you simply must own stocks, these are the only ones I can recommend.


Wed, 08/10/2011 - 21:59 | 1549575 reefermadness
reefermadness's picture

If they release that Tesla free energy technology I might rethink my positions. 

Wed, 08/10/2011 - 23:11 | 1549723 UGrev
UGrev's picture

Flip the regime and you can spelunk in the halls of the hidden. Free energy tech would change the world.. when do we start? 

Thu, 08/11/2011 - 07:15 | 1550077 spdrdr
spdrdr's picture

When do we start?

Right now, bro.  LFTR energy. 

Why no progress down this path?

Endangerment of traditional income streams, I suspect........

LFTR is so cheap to produce that residential metering is FREE - it costs more to meter than just giving away the residential power for free. 

Google is your least worst enemy.


Wed, 08/10/2011 - 22:02 | 1549582 JW n FL
JW n FL's picture

at least china, india and brazil are doing well in manufacturing!

that means russia must be going gangbusters with oil @ $70 something! LOL!!

Thu, 08/11/2011 - 00:12 | 1549824 Eally Ucked
Eally Ucked's picture

You must be talking about Canada, Rusia sell their oil at Brent crude prices.

Wed, 08/10/2011 - 22:05 | 1549587 Marcuz Aurelius
Marcuz Aurelius's picture

God i love punch lines ...

Nikola Tesla and Kondratieff reigning superemly even at this day !

Wed, 08/10/2011 - 22:09 | 1549591 Caviar Emptor
Caviar Emptor's picture

Factoid: The bills are coming due for the biggest debt blow out in history. Factoid: Don't open the enveloppe till you're in a safe place, it's gonna kill ya. 

Questioinoid:Huobàn, can you spare a Yuan? 

Wed, 08/10/2011 - 22:26 | 1549626 Yes_Questions
Yes_Questions's picture

Yuan? Shit, can you spare a Yob?

Wed, 08/10/2011 - 22:19 | 1549607 gookempucky
gookempucky's picture

Nice article for the punchline one should keep an eye on the chinese rice paper...currently broke 640 and now at and nimble everyone.

Wed, 08/10/2011 - 22:25 | 1549624 Whatta
Whatta's picture

That is an interesting scan-through.

China auto sales is the one that really caught my eye. Huh? That's saying sumpin'....?

It's dropping faster than a fully invested 401k.

Wed, 08/10/2011 - 22:28 | 1549635 sasebo
sasebo's picture

Square one -

- Manufacturing produces cars, appliances, furniture, hardware, etc.

- Housing produces houses & apartments

- Farming & food industry produces food (what else?)

- Energy companies produce energy (what else?)

- Health care companies produce drugs & takes care of sick? people

- Guvmunt collects taxes from the above & their workers & gives it to themselves & their constituencies

- Somebody tell me again what the financial industry & fed does besides print paper money & gamble with it. 

Thu, 08/11/2011 - 00:33 | 1549858 FIAT_FixItAgainTony
FIAT_FixItAgainTony's picture

i believe it's called "not a damn thing".

Wed, 08/10/2011 - 22:30 | 1549639 Spitzer
Spitzer's picture

Robert Prechter was on Bloonberg today, i missed it. I wonder how he is doing...

Wed, 08/10/2011 - 22:38 | 1549657 disabledvet
disabledvet's picture

we're set up perfectly for a wave of municipal defaults. goes a long way towards explaining "the standing around" and "normalcy." these are not publicly traded instruments but "fiat debt" issued by banks. if the banks fail the debt will have to be traded at market rates. sounds just like Greece to me. since all tax revenue flows to the Federal Government now and massive quantities is consumed in transfer payments all of those state and local "black box" debts look ready to spring forth. of course Meridith Whitney has "all the answers" once her doom machine is unleashed. Ummm, ummm, ummmm:

Wed, 08/10/2011 - 22:49 | 1549677 JW n FL
JW n FL's picture


Almost 1,500 Millionaires Do Not Pay Income Tax

By AMY BINGHAM Aug. 6, 2011


At a time when America is borrowing about 40 cents of every dollar it spends because tax revenues cannot keep up with government spending, hundreds of America's wealthiest households are paying no income tax at all.

Wed, 08/10/2011 - 23:45 | 1549785 johngaltier
johngaltier's picture

I wish the vote down button was still alive.

Thu, 08/11/2011 - 12:16 | 1551215 JW n FL
JW n FL's picture

You people who offer the world nothing other than bitching.. should be branded, on your forehead so that people could see that you are a total waste of fucking time without ever having to engage you / your kind.

Thu, 08/11/2011 - 00:12 | 1549826 trav7777
trav7777's picture

why are you still fixated on taxing?

Thu, 08/11/2011 - 12:18 | 1551200 JW n FL
JW n FL's picture

listen pig..

I am fixated on people paying what I pay!

I am fixated on people paying their fair share!

I am fixated on NOT! Paying a billionaires share of his Taxes! becuase his CPA / Esquire Bounce Monies all over the World!

so save your Republican Brain Washed Idiocy for the next guy you put in hand cuffs before beating him or shooting him in the back you fucking coward.

and if you dont like what I am saying you can always Hop a Flight to Florida! I PROMISE I am not calling the Pigs on You! and we can settle it like men.. but we both know you lack the back bone needed to be a man let alone the balls.

Thu, 08/11/2011 - 00:29 | 1549852 UGrev
UGrev's picture

I wouldn't pay taxes if I could figure out a way not to as well.. fuck that shit. I earned it.. I'll keep it.  Abolish the IRS and go Fair Tax. 

Thu, 08/11/2011 - 12:14 | 1551207 JW n FL
JW n FL's picture

yes, everyone should pay their fair share as opposed to the middle being saddled with the bulk of the weight / Tax Burden! I agree!

Now take you knee jerk, republican brain washed response and stick it up your ass.

Thu, 08/11/2011 - 06:01 | 1550048 Pay Day Today
Pay Day Today's picture

Looks like a shitload of people still want to protect the top 0.1% even if the nation and the other 99.9% sinks under the weight of its own printing presses.

Wed, 08/10/2011 - 23:27 | 1549757 kito
kito's picture

warren buffett says there are NO SIGNS of a recession. therefore there is no recession.. i repeat, loooook into my eyes, there iiissss noooooo recessionnnn, now you are going deeper, repeat after me, theeeerree isssss noooo recesssion, now log onto your brokerage account and type in brk.a,..very good, now click buy...

Wed, 08/10/2011 - 23:37 | 1549769 dwdollar
dwdollar's picture


The United States of America is AAAA...

Repeat after me...

The United States of America is AAAA...

One more time...

The United States of America is AAAA...

Very good.

Wed, 08/10/2011 - 23:36 | 1549770 Deepskyy
Deepskyy's picture

Of course Warren Buffett sees no sign of a recession.  Hell if I had so much money that I had G-d's personal ATM code, I wouldn't either.


Now the rest of us poor fucks who deal with 9.2% unemployment and probably creeping on 7% inflation... not so much.


Thu, 08/11/2011 - 00:33 | 1549853 UGrev
UGrev's picture

Stop looking at the  U3 rate.. look at the U6 rate; i.e. the definition that was used as the u3 rate before dicky boy Clinton changed the defs to make it all look rosy.

...and don't forget that once your bene's run out, you're no longer counted in that statistic or any of the U-Rates. You effectivey disappear. In other words, by their logic, if everyone was unemployed, we'd have 100% employment. 

Thu, 08/11/2011 - 00:40 | 1549868 FIAT_FixItAgainTony
FIAT_FixItAgainTony's picture

agreed.  my personally conducted survey in the large city i am stuck in reveals a true rate of 33% unemployed.  BUT, that was done weeks ago so i'm sure we are pushing 40 % by now.....!

kinda seems like the goal is 85 to 90% unemployed.  seems stupid to me, but i'm not a politician so what do i know about proper target unemployment percentages.

Thu, 08/11/2011 - 00:47 | 1549877 Caviar Emptor
Caviar Emptor's picture

Yeeessss...we are all zombie spawn of the Oracle. We pray in the direction of Omaha. We are citizens of the Supremely Ecstatic Utopian States of WarBuffRica(TM). 

Thu, 08/11/2011 - 00:38 | 1549866 Caviar Emptor
Caviar Emptor's picture

Puuleeze! Don't be silly. We can 'financially innovate' our way out of debt. 

I happen to have thought of a few 'innovations' myself: Slicing and dicing debt a la CDO was the wrong idea. Melding debt into mega-bonds is better: combine residential real estate with municipal sewer bonds and Chinese internet startup junk bonds. That way the risks balance out and you're fully hedged. Mix it all up like a tossed salad. We'll think of a marketable cover name that sounds suitably bombastic

Thu, 08/11/2011 - 00:51 | 1549884 Hulk
Hulk's picture

latest Willie. He's spot on with his analysis on the current crisis. Used to think he was nuts, but know better now...


Thu, 08/11/2011 - 02:33 | 1549958 alexwest
alexwest's picture

#atest edition of his always delightful and informative newsletter (for lack of a better word)

@tyler, coverage is getting worse and worse,, LEO, BRUCE, and this junk
what happened???

how is it possible to call this document "delightful and informative
newsletter " if on pg 4 there's chart US debt/gdp ratio, so according stupid asshole who wrote it, in 2011 debt/GDP raio is less 70%.......

excuse me?????????
i stopped read same sec..


Thu, 08/11/2011 - 05:16 | 1550032 wharfdaddy
wharfdaddy's picture


The Trailer is Here!
Preview the New AE911Truth Documentary:
9/11: Explosive Evidence – Experts Speak Out


even a blind man knows when the sun is shining


Thu, 08/11/2011 - 05:28 | 1550036 sub Z
sub Z's picture

kind of miss discussing the subject, until half way down... yes, check those stats. and great observation up there, all the smart people are proving not so smart and the former nut balls are genius

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