| User Info
| Aw Crap: Jobless Claims in forum [Market-Ticker]
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Bagbalm
Posts: 4325
Incept: 2009-03-19
Just North of Detroit
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Figured it was more than Obama tipping the "2" up there...
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Gamma
Posts: 5733
Incept: 2008-01-20
Northern CA
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No longer can we make no mistake.
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This stuff we're going through, this is nothing compared to the Middle Ages.
They told me if I voted for John McCain, an idiot would be a heartbeat away from the presidency. Sure enough...
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Mule65
Posts: 34
Incept: 2009-06-09
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KD, I read daily and agree with most everything but maybe once a year you could find something positive to blog about. Maybe I missed that day.
Cheers,
Mule
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Digitlman
Posts: 351
Incept: 2011-03-04
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Green shoots!
I'm sure the blame will go to the Japan earthquake, or more snow, or sun spots.
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Zappafan
Posts: 1821
Incept: 2007-11-30
Atlanta
Online
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Is the August date a reference to folks rolling off of extended unemployment bennies, i.e. the 99-ers finally running out?
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The alternative to not borrowing from a counterfeiting cartel is to be priced
out by those who do
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Genesis
Posts: 131488
Incept: 2007-06-26
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No Zappa, it goes back to when I started talking about the inflationary pressures and flow-through events.
The typical lead time from when you see the indications in the PPI to when it flows through and starts horse****ing the economy is approximately nine months. This also means that once it's happened and you sat on your ass and did nothing (as The Fed did) there's not a damn thing you can do about it, as whatever you do to "fix it" also takes nine months.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Blattdorf
Posts: 20
Incept: 2011-03-06
Warsaw
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Has the economic threat level just increased? Yikes.
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Steviepointer
Posts: 1385
Incept: 2007-07-30
Bear Porn
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Gen:
Thanks for the confirmation. I've always used the rule of thumb of 8mo.
Looking at our current commod prices, I can't believe what we will be seeing in another 8mo.
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Dashingdwl
Posts: 9816
Incept: 2007-06-26
los angeles
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Ben said inflation is transitory. He has a PHD.
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When you are hard and disciplined, you can be principled. People fear you because they have no leverage against you. It's the truest form of Liberty.
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Mckinnemon
Posts: 56
Incept: 2007-12-06
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Gen: "The typical lead time from when you see the indications in the PPI to when it flows through and starts horse****ing the economy is approximately nine months. This also means that once it's happened and you sat on your ass and did nothing (as The Fed did) there's not a damn thing you can do about it, as whatever you do to "fix it" also takes nine months."
KD, don't you think this time, it might be slightly different? I think we may have to look at the "third world" economies for clues. If a producer can't price an item above cost then we develop shortages--right?? Thanks for site!
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Janedeaux
Posts: 287
Incept: 2009-09-16
Mississippi
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As I said in a previous thread, I'm so tired of the numbers spinning. PPI comes out with a number then revises it down. Why can't they give us the right number the first time? Also, when they lie about the first number, how can you believe the second one? This govt makes me want to puke!
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A nation of sheep breeds a government of wolves.-anon
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Mannfm11
Posts: 3617
Incept: 2009-02-28
DFW, Tx
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382 must have been revised upward to 385 after 388 was revised upward to 390 something. The upward revisions would make a nice weeks worth after a year or so. Makes you wonder what this one is going to be revised up to? Maybe it will be revised downward? Think the government might be wanting to make a plea for more stimulus, stating the strong economic recovery they keep boasting about isn't so strong and could be killed with budget cuts? As far as the PPI goes? I just wrote a post based on what I perceive I read in the weekly commentary of John Hussman. Hussman quotes Plosser of the Fed, who is talking about a swift move to 2.5% on the Fed funds market, which would be accomplished by selling $1.25 trillion of their security holdings. Maybe through the looking glass, the Fed has solved part of the banking equation, restoring the holdings of treasuries through the back door. Treasuries equal reserves in banking. They also equal immediate liquidity, something the crap the banks were originating didn't equal. What they don't equal is solvency and the system is insolvent and the bankers won't gain solvency until the system does. Being the capacity to survive financial hardship revolves around being able to write a good check, I doubt the bankers are going to go too far out in the limb, once the market reverses. Holding onto day to day solvency might be the difference between going to prison and living a happy retirement. http://mannfm11.blogspot.com/
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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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Lenguado
Posts: 1285
Incept: 2010-01-12
Orlando, FL
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DOOOPPPPPP....
(Or is that 'DOPE'?!?!?)
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I just realized... they aren't saying, "Keynesian Economics" they're saying "Kenyansian Economics". Grass Huts for everyone!  Welcome to history’s first Double Dip Depression |
