Recent comments by sum luk
dilbert dogbert wrote:
Wow that would be a combo! Scientology (sic) and creationists.
... (sic) and (sick) ~ where's the conflict ?
poicv2.0 wrote:
life is too short to be angry all the time.
Republicans say U.S. headed toward ‘armed revolution’: Poll - Washington Times
Rob Dawg wrote:
There will be no warning like we could expect in normal economic cycles.
... wowser, I've been thinking that very same thought - except it's more like a feeling. Still it's hard to reconcile with Ben's plan. Nevertheless, it's hard to shake the feeling.
arthur_dent wrote:
maybe my understanding is flawed but in "aggregate demand" it does not matter how wealth is distributed
.. entirely possible my understanding is flawed as well, but to me "aggregate demand" is attempting to measure total purchases by anybody - rich or poor. It's just that there's so many more of 'em thats poors and not so many thats already rich that have the capacity to increase their marginal propensity to spend. Hence, I have trouble associating the term "aggregate demand" with QE.
arthur_dent wrote:
Ben is hoping long enough to destroy anyone who will not jump on the "aggregate demand" train ride.
... I'm sorry but I don't understand your use of "aggregate demand". I thought that referred to j6p consumers buying things. Ben's only handing out money to the folks who already have the ability to spend as much as they want and still accumulate wealth. How is that "aggregate demand" ?
from: Forced Buyers of Risk
In a world of zero rates, where $19.4 trillion of government bonds (that’s 48% of the total market) is trading below 1%, it’s little wonder the “lust for yield” is as strong as it is. Last week Rwanda offered 6.875% 10-year bonds to borrow $400mn, an amount equivalent to 5.5% of its 2012 GDP. The offer was 9-10X oversubscribed. And Panama successfully issued a $750mn 40-year bond with a 4.3% coupon (note that in the past 50 years the US 30-year Treasury bond has traded below 4.3% for just 10% of the period).
In what universe does it make sense for people to fight to loan Rwanda money at 6 7/8 percent?”
-
- so this is back to a political blog ??? I'm perdy sure I've got better things to do even if you guys don't.
... this kinda says it all: from: Surprise! Inflation is too low almost everywhere on earth
The biggest conclusion to draw from all of this is that warnings that massive quantitative easing efforts would spark explosive inflation are turning out to be as wrongheaded as can be. In the United States and Japan, central banks now have open-ended policies of printing money to buy assets. But while the money seems to be finding its way into asset markets, such as for stocks and corporate debt, it isn’t being circulated so widely as to drive up prices for consumers.
...before they "fix" inflation, mebbe they should create some decent paying jobs.
shill wrote:
DXY Index Quote - US Dollar Index Future - Spot Price Index Quote - DXY Quote - DXY Index Price
... wowser, kinda brings home the point that we're not so much trading in a market as we are playing dodge ball. ....at least all the CB's are on the same team.
Sebastian wrote:
But it was also assumed that Greece was going to default and abandon the Euro, crashing our stock market and economy. Portugal. Spain. Italy. Cyprus. The Eurozone recession.
Here in the U.S. it was the budget ceiling debate. The sequester.
None of these events ever actually brought about the "widely assumed" (and catastrophic) outcomes. Maybe the effect of removing QE will turn out the same way.
....
.... yes, and maybe there is no gravity. The market is a basket ball and the earth simply sucks.
Bespoke Investment Group - Think BIG - Gasoline Inventories Rise More Than Expected.
.... wowser, with that much excess. you'd think they'd lower the price instead of raising it. ....what, you say oligopoly !!!! ...is that really capitalism ?
Outsider wrote:
Remember the Texaco.
YouTube - Vintage TV Commercial - 50s - Texaco Gasoline (Jack Benny ~
... is this where the fed got the idea for QE ?
last thread, Sebastian wrote: In the absence of a recession signal from a serious leading indicator, this latest data is simply a down-month that just randomly occurs from time to time and not meaningful. It will most likely be higher next month.
from: Political Calculations: Clarity and the S&P 500
It appears that investors have set their forward-looking focus on 2014-Q1 in setting stock prices, which means that the current rally continues to be both fundamentally driven and likely to continue.
black dog wrote:
will be fun to watch the bullz spin
... bulls don't need to spin to keep things swirling; Ben floats their boat. .....just ask when he show up for the afternoon save.
monthly changes in ppi finished goods: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/05/PPI%20May.jpg
RayOnTheFarm wrote:
Florida is a recourse state.
... as I recall, LL indicated Florida was non-recourse
RayOnTheFarm wrote:
The economy of the 17-nation bloc shrank by 0.2% in the January to March period, according to the EU's statistics office Eurostat, with nine of its members now in recession.
from: Marc to Market: Great Graphic: Bearish Euro Pattern
This Great Graphic is a weekly bar chart of the euro on Bloomberg. It appears to be carving out a large head and shoulders pattern since last September.
The neckline is being approached near $1.2750, which is why we bring it to your attention now. The important point about technical patterns is the price projection. The pattern, from head to neckline is about 9.5 cents, suggesting an initial target of around $1.18.
sporkfed wrote:
I'm guessing this means money velocity is slowing.
... issat still possible ?
- PPI: Actual -0.7%, consensus -0.5%, prior -0.6%
- Core PPI: Actual 0.1%, consensus 0.1%, prior 0.2%
- Empire Manufacturing: Actual -1.4, consensus 3.5, prior 3.1
Read more: http://www.briefing.com/investor/markets/bond-market-update/#ixzz2TMetP0gs
Under Creative Commons License: Attribution
Follow us: @Briefingcom on Twitter | Briefingcom on Facebook
same source:
.... the chart below shows what these respondents are planning to do now that their income has decreased. We see a disproportionate shift toward primarily reducing spending. Regardless of what consumers reported doing with the increase in take-home pay over the last two years, a majority report that they will cut back on spending.
from NY Fed: My Two (Per)cents: How Are American Workers Dealing with the Payroll Tax Hike? - Liberty Street Economics
...how did U.S. workers use the extra funds in their paychecks over the last two years? ...we present survey evidence showing that the tax cut significantly boosted consumer spending, with workers reporting that they spent an average of 36 percent of the additional funds from the tax cut. This spending rate is at the higher end of the estimates of how much people have spent out of other tax cuts over the last decade, and is arguably a consequence of how the tax cut was designed—with disaggregated additions to workers’ paychecks instead of a one-time lump-sum transfer. We also found that workers used nearly 40 percent of the tax cut funds to pay down debt.
.... gotta go: sr. partner has just pulled out the ultimate weapon "but you promised"
..trade well.
arthur_dent wrote:
if you look at the details of the non-housing debt, it basically bottomed in Q1 2011 and has been rising since.
... but look at the next graph - which breaks out non-housing debt - and mouse across it
ResistanceIsFeudal wrote:
leveraged deleveraging
... different looks: Household Debt and Credit Report - Federal Reserve Bank of New York
ResistanceIsFeudal wrote:
Rob Dawg wrote:
Is it deleveraging when you walk away from a $200k asset (house) and $300k debt (mortgage) at the same time?
... in lotsa places, that -$100k sticks with you and doesn't stay behind
Bruce in Tennessee wrote:
if you want to argue red or blue, fine...I'd just like to see someone with real common sense run the thing for awhile. Give me more of that Buck Stops Here religion...
http://ftalphaville.ft.com/files/2013/05/Pew-6.png
source: Of stereotypes and the slow end of the European affair | FT Alphaville
Mary wrote:
"This genetic diversity was then modified further by a series of incoming [!HORDES] and expanding cultures from Iberia and Eastern Europe [!] through the Late Neolithic."
Making of Europe unlocked by DNA
Rajesh wrote:
Russia should just adopt the Yuan as its currency. Problem solved.
... wowser, a special on humble pie.
Outsider wrote:
Russia’s Plan For The BRICS To Dismantle The Dollar System « naked capitalism
Hmm.
... you hold your breath, and I'll tell you when your pallor changes to blue.
from Pragmatic Capitalism: NY Fed: Household De-leveraging Continues
"Mortgages, the largest component of household debt, fell in the first quarter of 2013. Mortgage balances shown on consumer credit reports stand at $7.93 trillion, down $101 billion from the level in the fourth quarter of 2012. Balances on home equity lines of credit (HELOC) dropped by $11 billion (2.0%) and now stand at $552 billion. Household non-housing debt balances were roughly flat, with increases in auto and student loans, by $11 billion and $20 billion respectively, offset by decreases in credit card balances ($19 billion) and other consumer loan balances ($10 billion).”
poicv2.0 wrote:
In more important news, rumors abound that Taco Bell is bringing out a new Waffle Taco
... equally good news, Wendy's has stopped offering breakfast: Wendy's Breakfast Was A Total Failure - Business Insider
Cinco-X wrote:
If consumers are deleveraging, isn't that deflationary?
... only if they are actually spending less. Of course if they have no new MEW, are paying down their credit card debt and have more time on their hands from their part time jobs, then, obviously, it's a miracle.
last thread Rob Dawg wrote: The Brent/WTI premium is down to $8.
from: This is a raid, oil price reporting edition | FT Alphaville
The Commission has concerns that the companies may have colluded in reporting distorted prices to a Price Reporting Agency to manipulate the published prices for a number of oil and biofuel products. Furthermore, the Commission has concerns that the companies may have prevented others from participating in the price assessment process, with a view to distorting published prices. Any such behaviour, if established, may amount to violations of European antitrust rules
Oman wrote:
Strange how the events are unfolding.
... yep, hurry and get out of the safe financial assets and into the risky ones because, globally, there is no recovery. .... the logic ~ it's hurting.
.... CIRCLE THE WAGONS - - CIRCLE THE WAGONS
Stocks are up because of rampant QE, which is squeezing investor flows out of bond markets and into equities. And the reason we’ve got rampant QE is the continued lack of near-term economic recovery globally, which is manifestly bad for industrial commodities.
source: Chart o’ the Day: The Stocks / Commodities Disconnect | The Reformed Broker
... yeah, this is great: less MEW, less credit card debt, less employment: EDITORIAL; This Is No Time to Cut Food Stamps - NY Times
Vonbek777 wrote:
So sometimes you need a horde to spread the blessings of liberty across the fruited plains?
... ya gotta remember that, at least in England, the nobility established their prowess by aggressively throwing lots of serfs at the enemy.
Cinco-X wrote:
Of course, the election is a long way away, and there's plenty of time to the
Rajesh wrote:
The cost of goods imported into the U.S. dropped in April, propelled by retreating fuel costs.
... it's just a little ironic, cuz our gas prices jumped 30¢ yesterday
Citizen AllenM wrote:
... again, from: Republicans say U.S. headed toward ‘armed revolution’: Poll - Washington Times