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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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BUY THE TIPS!!!
Steak tips that is. While you can afford them.
"Let them eat dyed linen with dead presidents on it!" - Benny "The Bearded" Bernanke
Dr. Richard Head
They won't care if you eat at all
The Bernanke Cliffsnip
Central banks across the globe are about to launch a coordinated effort to boost inflation. You would be wise to prepare accordingly.
http://www.realclearmarkets.com/articles/2012/08/21/the_bernanke_cliff__99835.html
Maybe the plan is to get everybody on EBT cards. Certainly headed that way.
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.
Transitory.
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...)
look at these charts:
http://stockcharts.com/freecharts/candleglance.html?GLD,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....
Screw commodities....Let them eat cake!
What the fuck is wrong with you peasants? The fucking CPI is 1.7%. Move along assholes.
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.
I think they stopped with that excuse a while ago... Something about it being on going...
all your graphs are belong to us
One in each hand - double dip.
You know they read it upside down...get with it man!!
Bullish! How can anyone go hungry? Green shoots for every pot and a combustion, strike that, combustible car for every backyard!
somewhere I hear a chorus of terrified little chirping acolytes singing "but, but, they're all volatile" - volatile this, you fucking little hobbits
TODDLER FIGHT CLUB:
http://www.foxnews.com/us/2012/08/21/daycare-workers-accused-running-tod...
A fine example of the lofty heights of today's investigative journalism.
QE3 leading to world-wide food riots leading to WW3. Bullish!
"This is all drought related.....I told ya'll bitchez inflation is contained!!"
-Heli-Ben
Exactly, we need to print money because of the worry of deflation. [/sarc]
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.
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.
Best 20 second clip explaining it
http://www.youtube.com/watch?v=40hNSJEKUgo&feature=plcp#t=3m40s
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.
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.
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.
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....
Down here we grow sweet potatoes, aka yams.
Too cheap to chart.
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.
Hope you bought your year's supply of ammo, also. Those coldstone eaters are going to get really hungry for fresh cow.
Potatoes are bad for your health. Eat up, and go long insulin.
All dancing to the beat of the same drum.
And that beat comes out of the non-Federal non-Reserve.
but but phd economists say that's transitory!
rorschach images of paul kedrosky
those charts are most certainly bullish
Print more food... NOW!
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.
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.
The memory hole awaits all of this.
yeah ... and in other holes, we find huge caches of roman gold & silver coinage. pretty pure. ready to collateralize.
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)...
oooh nickels are heavy. they don't float, you know. nothing like a duck.
they're heavy as shit... Harder to steal than gold though... & FIAT price fluctuations are no bother...
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.
or gravy
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)
"You didn't inflate that!"
Oh yes he did..
Ctrl+P Ben..:!
Dumb ass Bernanke doesn't know how to read.
He can read a bank balance sheet. That is why he must print more.
Ben spots it. Thats why he is done. At least as far as we know.
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.
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.
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.
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.
Donning masks, try burkinis
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.
Come now. Where's the chart of the $USD and why not show the Finviz WEEKLY charts?....
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.
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.
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.
Is the answer -'All of these are food filler products used in Long John Silvers Fish and Chips?
We would have also accepted "All of these are food products that lead to obesity, liver disease, chronic fatigue, erectile disfunction, and diabetes."
Healthcare demand priming, bitchez!
It's those evil speculators!
"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.
where are the charts for oil and gasoline prices?
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.
America (still) gets to export it's inflation...
China and everyone else using USD to import staples are the ones that're fucked.
Fibre bitchez!
I am rusty on my chicken head chopping and de-feathering. I guess I better brush up.
Well, then your phlucked.
I thought all the real traders used line graphs ?
You mean co-lo'ed algorithm running computers? There aren't any others.
What similarity?
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.
OT: wow, DELL with still more bad earnings. Not good for Hewlett. Note to self: Short Hewlet.
Down pretty good in after hours. @11.91
Just out of curiosity, but what were the prices like during the dustbowl era?
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.
So you're saying he shot the peach tree borer bugs that destroy such orchards regularly?
BRoquet100
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
http://kclibrary.lonestar.edu/decade30.html
2012 Drought Rivals Dust Bowl
Hey Tyler you forgot to throw this chart in. http://www.google.com/finance?client=ob&q=NYSE:MON (click on 3 month)
We can just genetically engineer, our way out of it. /sarc
I always find these trick questions to hard.
'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'
jmo
thanks tyler
"as the mighty mississipi thirst for a full moon tide..."
Barge traffic slows as drought slams riversThe 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.
http://en.wikipedia.org/wiki/Four_Horsemen_of_the_Apocalypse
Feel like a gasoline bath?
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.
LONG Spam,and canned hams, Vienna sausages, and H2o.
Don't forget the DIY cardiac stent kits.
Soylent Green has decoupled.
I see hungry people.
"Dr" Paul Krugman: this is Glenn Beck's fault.
Two douchebags, one jug(of vinegar)...
we are so fucked
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?"
Spot the similarity...
hmm...
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!
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.
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.