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| Here's Your Mainstream Idiocy For Today in forum [Market-Ticker]
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Blackswan
Posts: 5564
Incept: 2007-11-06
Just outside of Philly
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Coffee 34 year high.. Clorox raising garbage bag prices 7% -- according to 1060 news radio.. No inflation. No margin or demand destruction coming. Party on.
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“It’s checkmate. Everywhere it’s checkmate.”
Hugh Hendry
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Starvingartist
Posts: 3430
Incept: 2011-01-03
Puff The Magic Dragon
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Cotton at 150 year highs.
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"The only solution that is mathematically sound is politically impossible.
All the should's in the world ain't gonna change that."
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Halfbrite
Posts: 2459
Incept: 2008-10-13
Arizona via California
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Quote:That which cannot continue will not continue.
Brace for impact;
Can I copy this as my new sig line? It's brilliant.
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"That which cannot continue, will not continue. Brace for impact!"
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Genesis
Posts: 130772
Incept: 2007-06-26
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Yep.
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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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Bertdilbert
Posts: 2662
Incept: 2008-12-22
CA
Online
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That is why I say we are going to be a nation of poor people, and poor people cannot support a consumer economy or pay taxes.
To support environmental regulation that congress critters love to pass means increased cost and that increased cost comes out ot the only flexible part of the businesses expense = lower wages. The writing on the wall there was when we were going to have all these environmental jobs created, but someone has to pay for all these new jobs which come as a liability to society. In essence it is just another hidden tax.
The air is a lot cleaner when nobody drives to work, and your carbon footprint is reduced when you sit at home.
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Dear Euroland: Relax, Germany has a plan for your money!
Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
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Trades50
Posts: 4217
Incept: 2007-10-30
Land of Tax and Spend
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And taxes.... Property taxes have increased 25-33%. Also other (fees, income and sales) taxes to make up for pension and revenue shortfalls.
License fees of all sorts have increased. Waste fees have increased all in the effort to maintain profits.
Something has to give.
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When the people fear the government, there is tyranny. When the government fears the people, there is liberty. - Thomas Jefferson
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Stillfishin
Posts: 159
Incept: 2010-10-04
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Seems to me that vehicle prices took a 25% jump almost immediately after the cash for clunkers bull****. Imagine that, the gov't tells us peons to conserve,do not be wasteful, etc. etc. Then they go throw away how many ****ing man hours of labor, not to mention materials all to prop up big business. Now tell me that isn't fascism?
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Yaldor
Posts: 2687
Incept: 2008-05-17
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I am amazed that "increasing debt" is still an option.
this is like the oxymoron that they had about "more affordable housing" - by taking bigger loans at lower interest rates....
DEBT is slavery not affordability.
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For every crash the probability of someone showing that he predicted it is near 1 .
For every prediction of an imminent crash the probability of it being correct is almost zero
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Eighty6thebs
Posts: 4183
Incept: 2007-06-26
It's contained to sub-prime!
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KD - What's rattled me lately is the earnings being turned in by stocks like Intel, Apple, Polaris, Wynn, CMG, F5, now Ford and others. If it's that bad, and I think it is, how are these stocks putting up these numbers? Are these special "best of breed" companies? What am I missing. It looks to me like the S&P wants to put in an inverse H&S and break out to new highs while the US economy, employment, gasoline all move in the wrong direction.
Dollar weakness alone does not explain to me the performance we're seeing in stocks right now. I'm truly stumped.
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"Sounds to me like you guys a couple of bookies" - Billy Ray Valentine
"No I am not scared, and neither should you be!" - Iraqi Information Minister
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Infidel
Posts: 5463
Incept: 2007-08-27
between here and there
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The Fed can stay deluded longer than most folks can buy beans. Ask them if they care.
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"DON'T BELIEVE THEM, DON'T FEAR THEM, DON'T ASK ANYTHING OF THEM." -ALEXANDER SOLZHENITSYN.
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Pcaldallas
Posts: 1343
Incept: 2009-03-02
Unicorn Ranch
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Is there any commodity that hasn't ramped to new or all time highs? One would think that eventually the hot money will run out of places to flow.
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"The appearance of law must be upheld, especially when it's being broken." - Boss Tweed, Gangs of New York
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Steviepointer
Posts: 1385
Incept: 2007-07-30
Bear Porn
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Eighty:
That's exactly what I've been feeling. I was talking to someone today about the earnings that are coming out.
I'm just not seeing it. Every day, people around me are getting crushed by higher commods, yet these companies are posting record profits.
I'm starting to question my sanity here.
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Debtpie
Posts: 534
Incept: 2009-12-17
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"They can't take on more debt. There's no capacity for it. "
Oh, yes there is...
Local stores are all offering 0% financing for 1 or 2 years.
My recent trip to a furniture store found a line at the finance office...plenty of capacity for 0% interest loans...ability to eventually pay them back is another question...
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A Leader, or an Opportunist? "A leader has the capacity of vision, the ability to see where things are headed before people in general see those things." Mitt Romney --- DebtPie's definition: a leader decides where "things" should head and "leads" us there.
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Steelhead23
Posts: 2043
Incept: 2008-09-09
Portland OR
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86, I seem to recall Dick Fuld telling investors that Lehman was strong - right up until he declared bankruptcy. So, are earnings reports accurate? Hell if I know - and I bet the SEC doesn't know either. Welcome to ScAmerica.
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"Give me control of a nation's money and I care not who makes it's laws" —Mayer Amschel Bauer Rothschild Benjamin Bernanke
For-profit commercial banks are a menace and should be eradicated
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Mo
Posts: 12158
Incept: 2007-06-26
Pa.
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Quote:Is there any commodity that hasn't ramped to new or all time highs? Yes, rice. Apparently rice is off-limits to the banking vampires, as 3rd world lives are much more valuable to the oligarchy than American or European lives.
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Welcome to Pottersville
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Starvingartist
Posts: 3430
Incept: 2011-01-03
Puff The Magic Dragon
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I noticed that too Mo, rice is down. Good thing I like rice :/
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"The only solution that is mathematically sound is politically impossible.
All the should's in the world ain't gonna change that."
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Grashopa
Posts: 2624
Incept: 2009-02-03
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The Asian countries learned from 2008 that rice causes riots, the first deaths from commodity prices were due to rice then. This time obviously they are intervening.
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Theft is evil
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Gsholz
Posts: 126
Incept: 2008-06-06
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86, regarding the astonishing results of some companies vs the malaise in the US.
What you are observing is that multinational companies are doing very well, companies focused on US not so much. For example, Intel makes 65% of revenues outside of US. Strong demand in Asia, resource-rich countries and a weaker dollar supercharge their earnings.
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Seedyrum
Posts: 417
Incept: 2009-04-09
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Thank you Genesis for seeing what we don't see, understanding what you see, and then reporting it.
I must say I like you because you are willing as a other, to speak out against the others. You still, however, have a ways to go, to be there. Many loyal others are but lemmings. Better, I likened them to Jews. They followed and vote even against their own interest even if the leader is wrong. There is a disconnect.
Did some our companies collude to raise the price of things to charge more but while keeping salaries down? One to ponder. Since some of them are raising the price on some commodities but keeping salaries low, whats their motives??
I am not shocked by anything these days. Well, I am. Shocked that it took too long for some folks to wise up to the quadruple dealing that's going on.
Selling your soul to make a dollar.
Gas chambers, here come some of us, as some of us don't ask tough questions of our leaders. Depression for some of us. Lap of luxury for the rest of us.
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USA IS EGYPT May God Have Mercy On Our Souls and Even That Is Not Enough.DIVIDE AND CONQUER
Reason: I was told to make changes.
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Eighty6thebs
Posts: 4183
Incept: 2007-06-26
It's contained to sub-prime!
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GS - 100% agree. Do you think that can be sustained without the US consumer over a longer period?
Can US companies prosper long term with declining purchasing power of US consumers more than offset by growing international demand? Can international growth continue with a wounded US consumer who can't buy as many of their products?
Is this a new global growth story where the US is left behind and the Fortune 500, less a few names solely focused on the US market, continue to grow earnings?
My thinking has been that the growth story in the Pacific will falter once the US is forced to remove government stimulus and our economy adjusts for that but is that true?
I'm questioning my approach to being out of US equities even if they have a majority international exposure.
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"Sounds to me like you guys a couple of bookies" - Billy Ray Valentine
"No I am not scared, and neither should you be!" - Iraqi Information Minister
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Genesis
Posts: 130772
Incept: 2007-06-26
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Seedy: And your alternative is?
Partisan political rants on a non-partisan Ticker, when the Democrats have done the EXACT SAME THING, is a great way to lose an account around here, and I'm in the mood for it today.
Care to revise and retract?
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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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Harrisonact
Posts: 1754
Incept: 2010-10-04
canada
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Quote:Yes, rice. Apparently rice is off-limits to the banking vampires, as 3rd world lives are much more valuable to the oligarchy than American or European lives.
explains my $5.97/20lb. bag find.
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bilge
My playbook speaks español. Deal with it. Im too lazy to fix it.
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Mannfm11
Posts: 3548
Incept: 2009-02-28
DFW, Tx
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Paradoxically, drawing down savings in sum is a liquidation of debt, someone elses debt. We have a massive slice of GDP reflected as corporate profits. Leverage and transfer payments is making that possible. If these corporations had to rely on the purchasing power of their customers alone, most would go broke
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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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Sushihorn
Posts: 7802
Incept: 2007-10-22
Arlington, TX
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Quote:What's rattled me lately is the earnings being turned in by stocks like Intel, Apple, Polaris, Wynn, CMG, F5, now Ford and others. If it's that bad, and I think it is, how are these stocks putting up these numbers? Are these special "best of breed" companies? What am I missing. It looks to me like the S&P wants to put in an inverse H&S and break out to new highs while the US economy, employment, gasoline all move in the wrong direction.
Dollar weakness alone does not explain to me the performance we're seeing in stocks right now. I'm truly stumped. In the short-term, dollar weakness also increases reported earnings. Notice that it's the multi-nationals where you see this, which have a lot of sales and profits in other currencies. Translate the earnings into a weaker dollar and suddenly it looks like "growth" when it's really just debasement. If a company has costs mostly in dollars but sells a lot in other currencies, this effect is greatly magnified for earnings. IBM is one of the few companies that explicitly breaks out currency effects - but only for revenue. Their revenue growth was 8% reported but 3% of that was due solely to a weaker dollar. This will help multinationals for a little while - until the higher prices in dollars begin to offset the dollar weakness. Of course this all implodes on any dollar reversal so be on the lookout for that.
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