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We're Not Japan But One Can Always Hope
In a brief 42 seconds, Bloomberg TV perfectly describes the sad reality that we are facing in the US. Conjuring images of gold medal winners and years of effort, this brief clip notes that not only is the current recovery the worst since WWII, it is worse than the poster-boy for dismal 'lost-decade' economy's - Japan. Somewhat ironic in its dysphoria given Larry Meyers' counterfactuals and the massive stimulus so far - but we do still have hope (and change). It seems we should forget 'Citius, Altius, Fortius' since reality is 'weaker, slower, longer'.
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Pure BS if you know anything about Japan. Big gov't/banking/big corp collusion, BAD demographics (elderly sitting in offices doing nothing while young PhDs working at McDonalds), etc.
Elizabeth Warren says she wishes the US was more like China. Go back to the '60s Liz!
geez snakeeyes in US we have no collusion? nor underemployment problem? i feel better now, it was my own personal paranoia that led me to believe that was true---thanks for clearing it up
I know the Tyler's like to show the facebook charts etc. I would love to see a chart of the miners at 9:32am today. Unless it has yet to be reported that mines blew up all over the world, there was a major knockdown that just took place in advance of this stupid announcement today.
Someone wants out of GDX in a bad way. I'm picking up a little, but this is crazy.
Some weird shit is going on.
Nice pick up slope. Way to have some guts,
Well, I'm in at $41.36 today, but the volume is huge. As was commented, some weird shit is going on.
I hope it works out. You may be a bit early to the game though. Good luck.
... by 2050 Japan will have the same number of people as South Korea.
OMG. What will the Japanese do then !
Somebody call Kyle Bass !
Everybody buy GOLD !
Revolution is the answer.
but what about corporate profits? stunning increase in profits despite shitty wage increases and shitty job growth.
mostly through job cuts which are simply not sustainable.
Gotta shove all that FREE MONIES somewhere!
That supposed cash pile created by corporate profis is an illusion,as are
the profits.
Those pension fund shortfalls,if correctly accounted for,will wipe them out..
We all know that this problem is going to be dumped on the taxpayer somehow,
giving the excuse for the gvt. to nationise ALL pension funds.
Bob Doll was classic.... "APPLE IS CHEAP!!! Everyone should have some."
And while Geithner is overseas giving unsolicited advice, somehow it's ok if we 'muddle-through' for the next 50 years? It sure is gonna be intesting to see how that plan turns out. (since it seems to be Plans A, B, and C).
"There's never been a better time to buy FB."
...or Zynga.....
...or a house....
Thank you Tylerz for yet another crucial contemporary term:
DYSPHORIA
They haven't seen anything , the worst is yet t come.
Algo's blowing up right now. Also ISM sharted. Crazy.
FORWARD. TO FORECLOSURE.
OT:
Cramer was talking about low volume and the bidless collapse of Chipotle and other stocks recently and Melissa Lee said to the affect, "I heard some talk that the purpose of Draghi's comments was to put a floor in the markets, since summer volume is so low, there was worry about a big drop."
cue *no response*, cutaway to some new drug ad
Doesn't unveil anything around here, but, thought that was an interesting (unnintended) slip. Was expecting somebody to hit her! ;)
Been propped-up by the financial wizard of Oz , Ben Bernanke and this is all we have to show?
All those trillions thrown at the banks and this all we have to show for it. J C Penny and others gonna dump more employees.
There is a vast labor labor pool pushing down wages while the central bankers debase the currency. Nice combo.
GDX lows did not happen today, this chart was bad for a while
Japan's lost decade was less lost than ours because the Asians are better at Math. (j/k!)
Our leaders are more determined... to cram two decades of despair into one.
All the despair could have been condensed into 1 year, if we had a liquidationist at the helm.