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Spot The Similarity

Tyler Durden's picture


A problem with increased difficulty*

* For the BLS that is. Somehow all of the above has to be spun as deflationary.


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Tue, 08/21/2012 - 15:58 | 2725052 PrintingPress
PrintingPress's picture


Tue, 08/21/2012 - 16:01 | 2725066 Gene Parmesan
Gene Parmesan's picture

Steak tips that is. While you can afford them.

Tue, 08/21/2012 - 16:10 | 2725106 Dr. Richard Head
Dr. Richard Head's picture

"Let them eat dyed linen with dead presidents on it!" - Benny "The Bearded" Bernanke

Tue, 08/21/2012 - 16:16 | 2725131 LMAOLORI
LMAOLORI's picture




Dr. Richard Head

They won't care if you eat at all


The Bernanke Cliff


Central banks across the globe are about to launch a coordinated effort to boost inflation. You would be wise to prepare accordingly.


Tue, 08/21/2012 - 16:31 | 2725200 Hype Alert
Hype Alert's picture

Maybe the plan is to get everybody on EBT cards.  Certainly headed that way.

Tue, 08/21/2012 - 16:35 | 2725218 mr. mirbach
mr. mirbach's picture

They are going to skip the card and implant an RFID chip. Then they'll just load your monthly credits in the system for your slave labor job, like out of some Heinlein novel.

Tue, 08/21/2012 - 16:42 | 2725247 malikai
malikai's picture


Tue, 08/21/2012 - 17:03 | 2725254 ZerOhead
ZerOhead's picture

Spot The Similarity

Corn, rice, soy and wheat all way up.

Biofuels are finally becoming more popular?

(I can't wait until they get those corn-fired power plants up and running... at least things will smell nice downwind for a change although the 'popping' noise may prove deafening...)

Tue, 08/21/2012 - 17:35 | 2725401 AldousHuxley
AldousHuxley's picture

look at these charts:,SLV,COW,JJU,JJC,...|C|C20



which one is different?


grains etf...especially starting mid summer since the drought hit. You could have predicted this from VERY mild winter. no snow in ski resorts ---> no water for farms in the summer.


snow caps are nature's natural water reservoirs....

Tue, 08/21/2012 - 17:55 | 2725452 JPM Hater001
JPM Hater001's picture

Screw commodities....Let them eat cake!

Tue, 08/21/2012 - 18:30 | 2725532 economics9698
economics9698's picture

What the fuck is wrong with you peasants?  The fucking CPI is 1.7%.  Move along assholes.

Tue, 08/21/2012 - 19:41 | 2725692 FreedomGuy
FreedomGuy's picture

You have to put the charts in context. Actually, you can argue it is deflationary. The prices are up not because of a weakening dollar but because of shortage. It i just the other side of the supply and demand chart or more precisely a price-demand chart. Since the supply is down there is more price competition for the remaining supply, i.e., a stronger more competitive demand for each unit.

Incomes are flat. Personally, I think they are decreasing outside of government jobs. So, people will spend MORE on food while making the same or less. This puts downward pressure on other prices. People eat out less, cancel some or all of their cable, etc. Add gas prices to it and it actually might be deflationary.

What we see these days to me is a fascinating confluence of two powerful economic forces. One force is the coordinated effort of all governments worldwide to reflate or inflate to get out of debt. The other force is the amazing ability of those same centrally planned governments to wreck their own economies causing deflation. I cannot tell which will win out, but I tilt to deflation these days when I see legislation like Obamacare and tax hikes.

Tue, 08/21/2012 - 18:39 | 2725547 NidStyles
NidStyles's picture

I think they stopped with that excuse a while ago... Something about it being on going...

Tue, 08/21/2012 - 22:04 | 2726068 prains
prains's picture

all your graphs are belong to us

Tue, 08/21/2012 - 19:07 | 2725606 Papasmurf
Papasmurf's picture

One in each hand - double dip.

Tue, 08/21/2012 - 16:25 | 2725169 max2205
max2205's picture

You know they read it upside down...get with it man!!

Tue, 08/21/2012 - 16:13 | 2725112 Biggvs
Biggvs's picture

Bullish! How can anyone go hungry? Green shoots for every pot and a combustion, strike that, combustible car for every backyard!

Tue, 08/21/2012 - 16:21 | 2725158 aint no fortuna...
aint no fortunate son's picture

somewhere I hear a chorus of terrified little chirping acolytes singing "but, but, they're all volatile" - volatile this, you fucking little hobbits

Tue, 08/21/2012 - 17:06 | 2725313 Juan Wild
Juan Wild's picture

A fine example of the lofty heights of today's investigative journalism.

Tue, 08/21/2012 - 16:21 | 2725159 slaughterer
slaughterer's picture

QE3 leading to world-wide food riots leading to WW3.  Bullish!

Tue, 08/21/2012 - 17:35 | 2725403 Dingleberry
Dingleberry's picture

"This is all drought related.....I told ya'll bitchez inflation is contained!!"



Tue, 08/21/2012 - 16:00 | 2725056 Hype Alert
Hype Alert's picture

Exactly, we need to print money because of the worry of deflation.  [/sarc]

Tue, 08/21/2012 - 16:05 | 2725084 silver500
silver500's picture

But Bernake says commodity prices are determined by global supply and demand for each commodity and not fed policies.  Any correleation is therefore coincidence.  Of course Bernake claimed credit for the increase in the S&P500.

Tue, 08/21/2012 - 16:12 | 2725115 Dr. Richard Head
Dr. Richard Head's picture

And targeted inflation of 2-3% is good and the Fed is working well within that mandate.  Additionally, it depends on what the definition of inflation is.

Tue, 08/21/2012 - 16:12 | 2725118 silver500
Tue, 08/21/2012 - 16:17 | 2725143 Hype Alert
Hype Alert's picture

Yes, it's perfectly fine to inflate the cost/price of companies and Bernanke's skills are so fine tuned as to not inflate the cost/price of commodities.  The only problem is trashing the currency they are priced in.  I'm sure if he, or anyone else, thinks about it long enough, they can figure out the relationship.

Tue, 08/21/2012 - 19:07 | 2725605 Lewshine
Lewshine's picture

To: Hype Alert  "I'm sure if he, or anyone else, thinks about it long enough, they can figure out the relationship".

I'll take that bet all day long!! You offer far too much credit to the cognitive perceptions of your fellow man.


Tue, 08/21/2012 - 16:00 | 2725060 HoofHearted
HoofHearted's picture

Oooh ooohh, pick me, Mr. C.

These are all things that are not growing in most peoples's back yards. See. I knew I could get it.

Tue, 08/21/2012 - 16:22 | 2725163 Midas
Midas's picture

I just harvested my Yukon Gold potatoes from my garden.  Those bastards are tasty.  They really do taste like they have been buttered.  Easy to grow, but I probably should have planted more than four....

Tue, 08/21/2012 - 17:03 | 2725226 hedgeless_horseman
hedgeless_horseman's picture



Down here we grow sweet potatoes, aka yams. 

Too cheap to chart.

Tue, 08/21/2012 - 17:15 | 2725333 startingnow
startingnow's picture

Bought my year's supply of hay for my cattle this A.M...   At the price, you all better get used to stone soup heated by hot air from our leaders.  That's all most people will be able to afford.

Wed, 08/22/2012 - 00:43 | 2726337 ShakaZulu
ShakaZulu's picture

Hope you bought your year's supply of ammo, also.  Those coldstone eaters are going to get really hungry for fresh cow.

Tue, 08/21/2012 - 19:10 | 2725610 Papasmurf
Papasmurf's picture

Potatoes are bad for your health.  Eat up, and go long insulin.

Tue, 08/21/2012 - 16:02 | 2725061 PaperBear
PaperBear's picture

All dancing to the beat of the same drum.

And that beat comes out of the non-Federal non-Reserve.

Tue, 08/21/2012 - 16:01 | 2725064 Comay Mierda
Comay Mierda's picture

but but phd economists say that's transitory!

Tue, 08/21/2012 - 16:01 | 2725065 bania
bania's picture

rorschach images of paul kedrosky

Tue, 08/21/2012 - 16:02 | 2725067 RacerX
RacerX's picture

those charts are most certainly bullish

Tue, 08/21/2012 - 16:02 | 2725068 francis_sawyer
francis_sawyer's picture

Print more food... NOW!

Tue, 08/21/2012 - 16:02 | 2725069 madcows
madcows's picture

No need to worry about the cost of food.  I've got an iPad.  I can look up pretty tempting pictures of food on it.  And, it's the latest version.. very fast internet.  It has lots of capabilities.  Much more than the previous version.  So, even though I paid twice as much, there is no inflation via hedonics.

Tue, 08/21/2012 - 16:15 | 2725130 ParkAveFlasher
ParkAveFlasher's picture

When the big hit comes all those gadgets will be scrapped for their silver and copper and recyclable material content. 

And that is how societies return to darkness without physical memory of what was, except what gets etched in stone or worked into pure metal. 

Tue, 08/21/2012 - 16:22 | 2725166 cougar_w
cougar_w's picture

The memory hole awaits all of this.

Tue, 08/21/2012 - 16:32 | 2725208 ParkAveFlasher
ParkAveFlasher's picture

yeah ... and in other holes, we find huge caches of roman gold & silver coinage.  pretty pure.  ready to collateralize. 

Tue, 08/21/2012 - 16:30 | 2725187 francis_sawyer
francis_sawyer's picture

On the Cu front... The $5k I've saved over the past 5 years NOT buying i-phones (or even using a cell phone)... I exchanged at the bank for US nickles...

I'm not sure where they are anymore though (or really ~ if I missed any calls or text messages along the way)...

Tue, 08/21/2012 - 16:31 | 2725199 ParkAveFlasher
ParkAveFlasher's picture

oooh nickels are heavy.  they don't float, you know.  nothing like a duck.

Tue, 08/21/2012 - 16:45 | 2725252 francis_sawyer
francis_sawyer's picture

they're heavy as shit... Harder to steal than gold though... & FIAT price fluctuations are no bother...

Tue, 08/21/2012 - 17:05 | 2725311 ParkAveFlasher
ParkAveFlasher's picture

who cares about the spot price?  TPTB are on a pan-generational timeline.

4 generations ago, the Federal Reserve was chartered.

3 generations ago, FDR criminalized possession of gold bullion.

2 generations ago, Nixon removed all hardness from the dollar, "temporarily".

1 generation ago, in fact a little bit less than a generation, the bull market started.

Tue, 08/21/2012 - 17:58 | 2725464 exi1ed0ne
exi1ed0ne's picture

or gravy

Tue, 08/21/2012 - 16:02 | 2725070 Nothing To See Here
Nothing To See Here's picture

Well guys, let's not fall into BLS-type fabricated data and put 3 times the same chart as if they were proof of 3 different things (soybeans)

Tue, 08/21/2012 - 16:02 | 2725072 Hype Alert
Hype Alert's picture

"You didn't inflate that!" 


Oh yes he did..

Tue, 08/21/2012 - 16:03 | 2725075 MachuPicchu
MachuPicchu's picture

Ctrl+P Ben..:!

Tue, 08/21/2012 - 16:03 | 2725076 YesWeKahn
YesWeKahn's picture

Dumb ass Bernanke doesn't know how to read.

Wed, 08/22/2012 - 08:02 | 2726641 Quinvarius
Quinvarius's picture

He can read a bank balance sheet.  That is why he must print more.

Tue, 08/21/2012 - 16:03 | 2725078 fonzannoon
fonzannoon's picture

Ben spots it. Thats why he is done. At least as far as we know.

Tue, 08/21/2012 - 16:11 | 2725113 madcows
madcows's picture

Ben is no dummy.  He's known about inflation for a while.  But, it is his goal to create inflation.  If he doesn't create inflation then the whole thing comes crashing down. He made very large loans to the treasury.  He want's to get paid back.  He can only get his money back in depreciated dollars.  TurboTim can't possibly pay him w/o dollar debasement. 

But, he wants to string it out.  The longer he strings it out, the more interest he gets.  And, if he pumps in another trillion, the dollar falls too fast, the system collapses.  Poor Benny has to walk a very fine line.

Don't ever think that he's worried about you.  He's a banker.  he's concerned with earning money and keeping the current banking system going.

Tue, 08/21/2012 - 16:28 | 2725185 cougar_w
cougar_w's picture

These days he may also be concerned regarding what might come after the current banking system.

Our shit is now seriously coming un-wired. I don't give him past the middle of '13 for finding out what comes after.

1.5 billion rounds of hollow-points later.

Tue, 08/21/2012 - 16:37 | 2725224 ParkAveFlasher
ParkAveFlasher's picture

You know, all those hollow points to me mean that the federal govt.  is not relying on local municipial or even state police forces to bear arms for security.  The only reasons why local or state law enforcement would suddenly stop enforcing the law is if you took away their pensions (or funds crashed) or cut their salaries (municipial bond implosion).  Fed Gov will offset that loss to security by arming SMOKEY THE BEAR and WEATHERMAN BOB and SHAKWAYNE THE TSA GROPER to the teeth. 

Wed, 08/22/2012 - 00:37 | 2726331 ShakaZulu
ShakaZulu's picture

I'd prefer to watch a tag team wrestling match between Hillary/Pelosi on one side (donning masks) and Palin/Bachmann in bikinis on the other side.

Wed, 08/22/2012 - 05:48 | 2726515 tocointhephrase
tocointhephrase's picture

Donning masks, try burkinis

Tue, 08/21/2012 - 18:23 | 2725524 centerline
centerline's picture

Anything that changes too fast upsets the system.  Is a fine line indeed.

But, I think we dont give him enough credit in the smarts department.  The EU money running into the USD was part of the game.  These guys are all part of the same club.


Tue, 08/21/2012 - 16:04 | 2725082 Centurion9.41
Centurion9.41's picture

Come now.  Where's the chart of the $USD and why not show the Finviz WEEKLY charts?....

Tue, 08/21/2012 - 18:40 | 2725549 centerline
centerline's picture

I'll bite.  You mean the USD chart showing the recent strengthening of the USD which compliments the theory of the Fed being between a rock and hard place regarding a "idea" that we need to devalue the USD but against said hard place in terms of the potential impact on critical commodities (the ones that can create civil unrest in some places and domestically the impression that inflation statistics are full of shit)?

Serious question here.  No intent to poke for the sport of it.

Tue, 08/21/2012 - 19:06 | 2725603 Centurion9.41
Centurion9.41's picture

Yes Center.  That one.  It is needed if one were to look at a weekly chart of these commodities correctly.

The Fed is not in as hard a place as the short term charts imply.  Commodity prices will collapse with the collapse in the EU market; both from a demand side from the ripple effect to China and the spike in the USD.

The game is simple.

EU collapse, takes out China challenge.  China will collapse under the loss of EU demand.  That leaves Japan, who is screwed due to demographics and the zombie of her financial system.  The US is left standing.

That in my opinion is the macro TPTB plan.

It's all about using the $USD to force the EU & China to their knees.  They believe it will work IF they can pull it off before the demographic wave & resulting medical bills overtake the US political/economic situation.

In the end, China is not going to be able to attack the US - their army would be destroyed in the ocean and the Alaskan route is a choke point.  So the goal is to create a FSU situation where the people of China break up.  The concept is not a stretch for a country filled with cultural and linguistic differences that is being held together by thugs.

Anyway.  The point is the charts are meaningless.  If you look at the weekly version, the inflation fear is not nearly apparent.

Tue, 08/21/2012 - 19:42 | 2725693 centerline
centerline's picture

The wildcard in the back of my mind is whether or not interests are really behind the USD or whether TPTB have decided to move shop and orchestrate a sell out of sorts (orderly liquidation) - they know we are terminal due to our own form of internal rot.  Power and money holds no allegiance to any country.  But, a solid point to insert I suppose is that military power does have allegiance, which is what would prevent any sort of disorderly liquidation.  Lots of stuff to think about in what you said.  Thank you very much for the most direct and honest response.




Tue, 08/21/2012 - 16:05 | 2725083 HedgeFun
HedgeFun's picture

Is the answer -'All of these are food filler products used in Long John Silvers Fish and Chips?

Tue, 08/21/2012 - 16:14 | 2725125 Dr. Richard Head
Dr. Richard Head's picture

We would have also accepted "All of these are food products that lead to obesity, liver disease, chronic fatigue, erectile disfunction, and diabetes."


Tue, 08/21/2012 - 16:17 | 2725138 ParkAveFlasher
ParkAveFlasher's picture

Healthcare demand priming, bitchez!

Tue, 08/21/2012 - 16:06 | 2725094 Sancho Ponzi
Sancho Ponzi's picture

It's those evil speculators! 

Tue, 08/21/2012 - 16:07 | 2725095 alien-IQ
alien-IQ's picture

"Bullish" = Economic psychobabble to keep average people thinking that things are getting better while keeping them from realizing that their cost of living is rising at an alarming rate while their wages stagnate or decline.

Tue, 08/21/2012 - 16:07 | 2725100 101 years and c...
101 years and counting's picture

where are the charts for oil and gasoline prices?


Tue, 08/21/2012 - 16:30 | 2725195 cougar_w
cougar_w's picture

The guy pulling all the charts together got to those, and then committed suicide. So they had to run with what they had.

Hate it when that happens on deadline.

Tue, 08/21/2012 - 16:15 | 2725114 css1971
css1971's picture

America (still) gets to export it's inflation...

China and everyone else using USD to import staples are the ones that're fucked.

Tue, 08/21/2012 - 16:15 | 2725128 bentaxle
bentaxle's picture

Fibre bitchez!

Tue, 08/21/2012 - 16:17 | 2725142 Mitch Comestein
Mitch Comestein's picture

I am rusty on my chicken head chopping and de-feathering.  I guess I better brush up.

Tue, 08/21/2012 - 19:13 | 2725618 Papasmurf
Papasmurf's picture

Well, then your phlucked.

Tue, 08/21/2012 - 16:17 | 2725144 Stackers
Stackers's picture

I thought all the real traders used line graphs ?

Tue, 08/21/2012 - 16:35 | 2725214 CrashisOptimistic
CrashisOptimistic's picture

You mean co-lo'ed algorithm running computers?  There aren't any others.

Tue, 08/21/2012 - 16:18 | 2725146 Black Forest
Black Forest's picture

What similarity?

Tue, 08/21/2012 - 16:20 | 2725153 geewhiz190
geewhiz190's picture

given that supply/demand measures vary very widely in these markets, the extreme coorelation must be a monetary induced event. natural market forces are not at work.

Tue, 08/21/2012 - 16:23 | 2725167 slaughterer
slaughterer's picture

OT: wow, DELL with still more bad earnings.  Not good for Hewlett.  Note to self: Short Hewlet.

Tue, 08/21/2012 - 16:28 | 2725186 Hype Alert
Hype Alert's picture

Down pretty good in after hours.  @11.91

Tue, 08/21/2012 - 16:25 | 2725174 BRoquet100
BRoquet100's picture

Just out of curiosity, but what were the prices like during the dustbowl era?

Tue, 08/21/2012 - 16:31 | 2725202 adr
adr's picture

My grandmother could bake one hell of a pie. She picked peaches from her dad's yard and traded a really good pie for some pork belly. Great Granpa had a really nice WWI rifle and sat on the porch every day watching over his peach trees.

There is your answer.

Tue, 08/21/2012 - 16:40 | 2725235 CrashisOptimistic
CrashisOptimistic's picture

So you're saying he shot the peach tree borer bugs that destroy such orchards regularly?

Tue, 08/21/2012 - 17:06 | 2725312 LMAOLORI
LMAOLORI's picture




American Cultural History 1930 - 1939

Average salary: $1,368 
Unemployment rises to 25% 
Huey Long propses a guaranteed annual income of $2,500 
Car Sales: 2,787,400 
Food Prices: Milk, 14 cents a qt.; Bread, 9 cents a loaf; Round Steak, 42 cents a pound


2012 Drought Rivals Dust Bowl

Tue, 08/21/2012 - 16:32 | 2725192 Yen Cross
Yen Cross's picture

 Hey Tyler you forgot to throw this chart in.  (click on 3 month)

 We can just genetically engineer, our way out of it. /sarc

Tue, 08/21/2012 - 16:35 | 2725215 Toxicosis
Toxicosis's picture

I always find these trick questions to hard.

Tue, 08/21/2012 - 16:39 | 2725239 earleflorida
earleflorida's picture

'as the mighty mississipi thirst for a full moon tide... the saltwater surge teases the stillwater draught with the worlds' hunger --- as mother nature takes her vengeance upon mankinds obloquy'


thanks tyler 

Tue, 08/21/2012 - 18:21 | 2725517 Disenchanted
Disenchanted's picture




"as the mighty mississipi thirst for a full moon tide..."


Barge traffic slows as drought slams rivers
Tue, 08/21/2012 - 17:10 | 2725319 Miss Expectations
Miss Expectations's picture

The third horseman rides a black horse and is generally understood as Famine.[3] The horseman carries a pair of balances or weighing scales, indicating the way that bread would have been weighed during a famine.[12] The indicated price of grain is about ten times normal, with an entire day's wages (a denarius) buying enough wheat for only one person, or enough of the less nutritious barley for three, so that workers would struggle to feed their families.


Tue, 08/21/2012 - 17:10 | 2725321 max2205
max2205's picture

Feel like a gasoline bath?

Tue, 08/21/2012 - 17:14 | 2725332 Nevermore Peabody
Nevermore Peabody's picture

If you add in the seasonal adjustment factor and the Spanish Drought Factor, you'll find that prices have been dropping for three weeks. This is actually quite bearish for commodities.

Tue, 08/21/2012 - 18:03 | 2725475 DosZap
DosZap's picture

LONG Spam,and canned hams, Vienna sausages, and H2o.

Tue, 08/21/2012 - 19:14 | 2725624 Papasmurf
Papasmurf's picture

Don't forget the DIY cardiac stent kits.

Tue, 08/21/2012 - 18:11 | 2725491 Bogdog
Bogdog's picture

Soylent Green has decoupled.

I see hungry people.

Tue, 08/21/2012 - 18:17 | 2725507 EmileLargo
EmileLargo's picture

"Dr" Paul Krugman: this is Glenn Beck's fault. 

Tue, 08/21/2012 - 18:24 | 2725526 Disenchanted
Disenchanted's picture



Two douchebags, one jug(of vinegar)...

Tue, 08/21/2012 - 19:03 | 2725597 cebri88
cebri88's picture

we are so fucked

Tue, 08/21/2012 - 19:30 | 2725668 shovelhead
shovelhead's picture

The BLS has no problem.

That $8.00 box of cornflakes will have to last 3 weeks instead of 1 which results in a net lower cost.

"Mom ? I'm still hungry. Can I have another cornflake?"

Tue, 08/21/2012 - 21:38 | 2725995 Van Halen
Van Halen's picture

Spot the similarity...


Oh! Oh! OH! OH!!! I KNOW!!

ALL these charts are being ignored by the driveby media in order to push their favorite candidate and his fairydust unicorn hope and change!

Wed, 08/22/2012 - 08:05 | 2726650 Quinvarius
Quinvarius's picture

In the end, they will say, "40 years was a good run.  Time for inflation".  And that is how they will make themselves feel better about the 40 years of printing they did while justifying the damage they did to the economy trying to delay the effects with manipulation.

Wed, 08/22/2012 - 08:07 | 2726659 Quinvarius
Quinvarius's picture

This monetary system that Richard Nixon came up with is certainly worth defending.  Too bad we didn't stay in "The Nam" like he wanted to as well.  The man was obviously an incorruptable genius when it came to economics and politics.

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