Recent comments by yuan

ResistanceIsFeudal wrote:

Bah! In the progressive future, we will all be living in 1/3 that much space in ultra-urban metroplex cultural centers! With light rail! And added sophistication!

e.g. Portland.

Ass Burger Blog Destruction 2014 PPV fight

Wright Model B vs RobRuh-roh

Funniest part is Seb your not wrong the data you rely on is. Bottom line it's fabricated , why you fail to see this is puzzling to me and I'm sure many others.

This is why we hire Indians to copy edit in the USA.

Online Copy Editor Jobs - H1B Visa Jobs

I choose the Q1 2014 GDP.

I choose the Q2 2008 GDP!

:rolls eyes:

Did everyone note that the Kiev coalition government has collapsed?

The government has not collapsed. This is how parliamentary systems in europe work.

This option was probably agreed on by political parties seeking elections and the president.”
The government and the current parliament will keep working until new institutions are formed, he said. Olga Lappo, Yatsenyuk’s spokeswoman, declined to comment when reached by phone today.

Seb:

and get me some darker ones, as things are getting brighter...

Ba-da-boom-TISH

The unemployment rate fell from 8.19% two years ago down to 6.1% now. Doesn't seem unreasonable at all that it could drop another 1% in another two years.

But this might lead to inflation increasing more than 1-2% per annum!

In other words, TEOTWAWKI!

bearly:

[Motor fuel was up sharply in June]
Lucky for us that doesn't contribute to cost increases elsewhere or we might actually get broad based price increases.

AWOOOOOGA!
Inflation truther alert!
AWOOOOOGA!

Graph: Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma - FRED - St. Louis Fed

Via BR.

Maybe the Fed should try lowering interest rates.

Fixed It For Ya

Maybe the Fed should have tried negative interest rates.

Pigged

yuan wrote

PS: I purchased a box of wheat thins and was horrified to realize that it now weighs 9 ounces when it used to weigh 10 ounces.

RiF responded:

That could seriously cramp your standard of living! How many boxes of wheat thins do you normally buy in a year?

They are a substantial part of my diet. I tried to hedonically adjust to saltines but they snap and crumble when I try to scoop up hummus or tuscan bean dip.


The Inflation Truther Crank Index - Bloomberg View 

Owners equivalent rent has rightly been criticized for its role in understating inflation. (See e.g., How Housing Lowers CPI).

Today, owners equivalent rent is creating the opposite problem.Lack of credit has driven people into the rental market, driving up rents and overstating inflation

Obviously Barry effing Ritholtz does not buy wheat thins!!!!

That could seriously cramp your standard of living! How many boxes of wheat thins do you normally buy in a year?

They are a substantial part of my diet. I tried to hedonically adjust to saltines but they snap and crumble when I try to scoop up hummus or tuscan bean dip.


The Inflation Truther Crank Index - Bloomberg View 

Owners equivalent rent has rightly been criticized for its role in understating inflation. (See e.g., How Housing Lowers CPI).

Today, owners equivalent rent is creating the opposite problem.Lack of credit has driven people into the rental market, driving up rents and overstating inflation

Obviously Barry effing Ritholtz does not buy wheat thins!!!!

On a year-over-year basis, CPI is up 2.1 percent, and core CPI is up also up 1.9 percent.

It burns! The hyperinflation burns me!

PS: I purchased a box of wheat thins and was horrified to realize that it now weighs 9 ounces when it used to weigh 10 onces.

What is clear to me is how convenient this argument is for certain folks whose only other option is to admit to having been stupid and greedy. Exhibit A, our favorite Tan Man, whose transformation from “I got into this business to help poor brown people” in the 90s to “those brown people made me do it” is nothing short of nauseating.

Love

PS: conjure bag reference in the comments.

Steel Toed Bunny Slipper !

PS: does this mean it's always a good time to buy 2 or more houses again?

They could Automate NASCAR to make it more bang & boom....

nah...part of the atavistic attraction of nascar is that drivers and/or spectators could die.

“will have a high impact on transforming what both law enforcement and its adversaries can operationally do with a car.”

suicide car bombs without the suicide?

Here's What Obama's 'Part-Time America' Really Looks Like - Derek Thompson - The Atlantic

it just goes to show that republican political "truths" are the exact opposite of Delong's Krugman rule:

  1. Republicans are full of shit.
  2. If you believe republicans are not full of shit please see #1.
Why a virtual goat video game is making real money – Quartz

Rock Simulator 2014 | Indiegogo

Hilarious summary of Obamacare derangement syndrom by Sarah Kliff:

7 predicted Obamacare disasters that never happened - Vox

Seb wrote:

More onward and upward, with the objective evidence outpacing the flat denial, resulting in an on-going, sustainable uptrend.Smile

And hopefully some more buying opportunities. Smile

Kruggles on ACA derangement syndrome:

If this thing is actually working, everyone who yelled about how it would be a disaster ends up looking fairly stupid.
But, you know, sometimes looks don’t deceive.

...74% of millennials, according to Reason, want the government to guarantee food and housing to all Americans. A Pew survey found that 59% of Americans under 30 say the government should do more to solve problems, while majorities in all other age groups thought it should do less.

socialism is coming...

The GOP self-destruction is complete: millennials officially hate conservatives | Ana Marie Cox | Comment is free | theguardian.com 

Inflation Calculator | Find US Dollar's Value from 1913-2010

That site is all sorts of neocon/libertarian fail. CPI is a crap measure of inflation and they should be using a chained series.

According to this Eeexelent! you need to earn 130 grand to be considered middle class:

The American Dream is alive but it will cost you $130k a year - Yahoo Finance

socialism is coming...

Who benefits from disinflation?

More on Class and Monetary Policy - NYTimes.com

TL;DR: The 99% are rent-seeker bitchez.

Debating about a bike ride when it cools down.

ride and then drink beer. my summer sunday routine.

Everything in moderation, is the one adage that seems to prove true over the ages.

or not. there is no need to free-base heroin or consume mickey d's "in moderation".

But yes; the increase in inequality is those who own equity, until we decrease unemployment. I'm still waiting for road and infrastructure replacement/repair, shovel-ready or not, but apparently Con-gress will wait until interest rates double or triple. Rhythm method economics.

Feature, not bug

Bill's claim that "inflation is increasing a little" is wishful thinking. A tiny blip upward on a very noisy series is evidence of fuck all.


Krugman rightly mocks the know nothings who refuse to acknowldge our Keynsian reality:

Slump Stories and the Inflation Test - NYTimes.com

Bill's claim that "inflation is increasing a little" is wishful thinking. A tiny blip upward on a very noisy series is evidence of fuck all.


Krugman rightly mocks the know nothings who refuse to acknowldge our Keynsian reality:

Slump Stories and the Inflation Test - NYTimes.com

Sebastian wrote:

We are about to enter the part of the expansion cycle where the Fed's easing of short-term interest rates will reverse to tightening as the economy demonstrates that it no longer needs the assistance.

Sebastian Rose Colored Glasses http://www.newyorkfed.org/research/capital_markets/Prob_Rec.pdf 

I hate the inequality of our corrupt crony-takes all capitalist system but, imo, Seb is dead on. We are going to see increases in inequality, speculative asset prices, and wages of the upper quintiles in coming years (absent catastrophic events).

Arthur Dent wrote

read that article, oddly enough there was no discussion of currency debasement, asset inflation or leverage ratios.

OMG!!!! look at all the DEBASEMENT!!!!!!!!!!!!!!!!!!!1!!!!!~1111!!!!!!:

$DXY | Index Price Chart for US Dollar Index

OMG!!!! look at all the ASSET INFLATION!!!!!!!!!!!11!!!!!!!11!!!!1:

http://www.barchart.com/etf/research/ETF-charts.gif

The FED recently increased leverage ratios and the TBTF banks were very unhappy:

FRB: Press Release--Agencies adopt enhanced supplementary leverage ratio final rule and issue supplementary leverage ratio notice of proposed rulemaking--April 8, 2014
Big Banks to Get Higher Capital Requirement - WSJ

Arther Dent wrote:

it is a knee jerk reaction from the uber keynesians and CB apologists, to shout down any talk of currency debasement or the end of reserve currency status. Interesting enough, Jeffrey Gundlach(one of the bond kings) gives it serious thought. His presentation(June 10) charts out the Roman experience with silver and the US on a similar trajectory since 1910

Austrian Economists, 9/11 Truthers and Brain Worms - Bloomberg View

The next blow against the brain worms came with the plunge in the price of gold, which by the end of last year had fallen more than 35 percent from its 2012 peak. Gold is central to the Austrian worldview. To them, the yellow metal represents freedom from government control -- which, since Austrianism mixes politics with economics as shamelessly as unscrupulous Chinese companies mix melamine with milk, meant that rises in gold prices represented the triumph of good over evil. The rise of gold from 2000 through 2011 told Austrians that the power of the vile government-bank alliance was finally breaking, and a new era of freedom was on the way. Unfortunately, gold returns actually had more to do with foreign central-bank purchases, falling real interest rates, speculative demand, and the bursting bubble that wreaked havoc on the wealth of anyone who had bought into the worldview of gold-flogging sites like Zero Hedge.

When the Austrian brain-worm invades, you start believing things like: 1) Federal Reserve money-printing is a government plot to boost big banks, 2) prices are rising much faster than anyone thinks, 3) real “inflation” means money-printing, not an increase in prices, 4) printing money can never boost the economy, 5) academic economics is a plot to use mathematical mumbo-jumbo to cover up government giveaways to big banks, etc., etc.

Made me think of hoocoodanode for some reason.

Austrian Economists, 9/11 Truthers and Brain Worms - Bloomberg View

On topic prediction: the ninja will return.

Off topic political soapboxing:

Looking for inflation? Try asset prices - The Tell - MarketWatch

I love the absurdity of the filthy rich and their media whores arguing that we should increase interest rates because of asset "inflation". I guess the solution to the rich getting richer is to increase the interest we pay them.
Bwahaahahahhahaha!

F*ck the Fed!
Bwahaahahahhahaha!

The funny thing is that the bubbas and bubettes who have seen their economic prospects decrease for more than a generation will likely buy this Orwellian nonsense hook, line, and sinker.

Got Popcorn?

The hyperinflationistas will eventually be right. After all, in the long run inflation is infinite!

I can assure you the Pentagon has done a number of studies on this. Also the U.K. military.

And I believe that the deniers who run congress wanted to forbid the pentagon from performing these studies. In 'murrica politics trumps national/planetary security.