Topic: The Economy is Going to Implode

[Libertas]

If you've had your fill of bad news, take a pass, otherwise this is one of the better comprehensive efforts to illustrate how crazy things are across the globe...I kinda like the hand-written comments, being a sometimes margin-scribbler myself...

http://www.zerohedge.com/news/2013-11-26/punch-line-complete-macroeconomic-summary-and-all-chart-go-it

[Libertas]

http://www.zerohedge.com/news/2013-12-12/200-years-dollar-debasement

Can't wait for the next 200...

...days, not years...

...seriously I don't know how the Fed is going to keep a lid on things once the chain-reaction of total system collapse begins...

[Libertas]

Peter Schiff slams jackass politicans in latest rant.

http://www.zerohedge.com/news/2013-12-15/peter-schiff-bashes-feeble-and-fictitious-budget-deal.

God Bless Peter!  If only more of the great unwashed would open their ears and minds perhaps we wouldn't have so many spineless mindless asshats running things into the dirt!

Oh well, if if's and but's were candy and nuts everyday would be Christmas!

[oldcoastie6468]

...seriously I don't know how the Fed is going to keep a lid on things once the chain-reaction of total system collapse begins...

Storm troopers would be their only chance, and then the real war would begin.

[Libertas]

...seriously I don't know how the Fed is going to keep a lid on things once the chain-reaction of total system collapse begins...

Storm troopers would be their only chance, and then the real war would begin.

Goes sideways hard enough some of those caped clowns could be more worried about protecting the family and homestead than try to save the bacon of some rich bankers and asswipe politicans...

Here's hoping most of them are married with kids!

 

(Assuming the statists haven't gotten around to Stalineque threatening of family...)

[Weisshaupt]

Get Your Rose colored Glasses on!

This year, however, all should give thanks! Not just the 1%, but anyone that owns a house, an IRA, a 401(k), a pension plan, etc., because household net-worth is at all-time highs of $129 trillion. Further, the Wilshire 5000, which is roughly equal to the market value of all U.S. equities, is valued at $19 trillion versus its 2009 low of $7 trillion, which has an extremely positive “wealth effect” on consumption for the American consumer. This is a huge positive, as is the dramatic decline in gasoline prices. Obviously, this is a “feel good” accelerator for the American public. As my friend Barry Ritholtz writes, “The pessimists overlooked three big news stories this year.

Americans' debt burdens are as low as they've been in a generation.

Health care cost growth has plunged.

The federal budget deficit has fallen off a cliff.”

Additionally, Federal outlays have declined by 1.4% m/m in November and have been flat for nearly five years, Federal tax receipts have surged by 2.8% m/m, and personal income and corporate profits have soared. The federal deficit has narrowed to less than 4.0% of GDP, and the CBO is estimating it will narrow to 3.3% in 2014.

Gas Prices?



Hooray! They are down to just over $3! At a time of year when they are historically low! They wouldn't increase in the spring would they? I mean like they have ever year since they started keeping charts.


And real estate was better than expected?



Wow. Amazing recovery.  Hey I have a guess as to why "debt burdens are down"

Its  because people have gone bankrupt moron, 20% of the population is unemployed, and no one is GIVING LOANS anymore, and that is killing new ventures -be it buying a new house or starting a business.   That was money lost out of the system, and really its the only thing keeping the Fed Printing in check

And The growth in health care costs plunged? We are looking at plunges in derivatives because absolutes show growth still? Let me guess, you don't suffer from intellectual integrity?

But hmm, why would cost no longer be "rising" as much- Could that have anything to do with people no longer being insured? Or do you think its just because so many Doctors are either leaving the profession,  or simply refusing to take Medicare/medicaid? Oh, and this is all based on "projections" from a council directly under Obama's control.  Not hard data. But trust us. If you like your doctor you can keep your doctor. If you like your insurance you can keep your insurance.


And finally the federal deficit is "improving!' because Obama pushed 300 Billion out of the last Fiscal year and into this one, and changed how we actually measure GDP so the GDP number looks bigger. Or did you forget that the Federal government pretended to not spend a penny for 6 months? WOW! MANIPULATIVE MATH IS FIRM PROOF THINGS ARE BETTER. Meanwhile, the Gov's own projections still have us at over 100% of GDP even with the new methods. The debt for the Fiscal year(Began Oct 1)  is ALREADY 486 Billion as of today - more than ANY yearly deficit GW Bush Ran, and we have 9 More months of spending to add. But don't worry, It will be fine. They have fallen of a cliff. Or the economy will.

Its all sunshine from here on out folks!

[Libertas]

It's all unicorn's and skittles!   

/

[Weisshaupt]

Doing the math

http://www.zerohedge.com/news/2013-12-30/stock-market-2013-5-year-olds



EPS is "Earnings per Share" for the uninitiated..

Stock market is up! Good times are Here Again!  And its all printed money.
Seriously, if you are invested in stocks, you are first in line for the money. Rpvoded of course you get out AND spend it before the collapse.
 Think how much you could have made  just investing in an index fund since 2007 when the Dow was at 6500 - it will be 17000 before the years is out ( providing the collapse doesn't come before then)  - The stock market continuously went up in Weimar.. but the earning per share will be ever smaller, because the companies you are invested in will have an ever harder time making it in the inflationary environment .  We aren't there yet, and EPS will appear positive for a while - as long as costs and  prices can keep up with inflation.  At some point, they can't.

[Glock32]

It's all unicorn's and skittles!   

/

[Libertas]

Yup, buy the hope...there is no downside...until...well, why ruin the surprise?!

[Libertas]

Effin' Yellen could be in for one heck of a rocky ride as FedHead!

The Big Boys are bailing!

http://www.moneynews.com/MKTNews/billionaires-dump-economist-stock/2012/08/29/id/450265?PROMO_CODE=110D8-1&utm_source=taboola&site=nationalreview

Soros dumping bank stocks?  Damn, that is just a bit ominous!  And consumer staples?  Things people need to live...they think they'll be less demand for some reason...could be anything from a severe economic downturn to war and BITS!

2014 gonna be a beginning of the end, just like a lot of folks have been predicting?  We make it to the 3rd quarter before everything unravels I guess I'd be surprised....

[oldcoastie6468]

2014 gonna be a beginning of the end, just like a lot of folks have been predicting?  We make it to the 3rd quarter before everything unravels I guess I'd be surprised....

I'd be shocked.

[Libertas]

More shocking news...

Ruling Class Progs confirm fukkin' Yellen as Fed Chair.

http://www.zerohedge.com/news/2014-01-06/janet-yellen-confirmed-next-fed-chair

And insult to injury -

U.S. Senator Amy Klobuchar (D-MN), Vice Chair of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Senate voted to confirm Janet Yellen to serve as the next Chair of the Board of Governors of the Federal Reserve System:

 

“Janet Yellen’s wealth of experience directing policy at the Federal Reserve and her longstanding reputation as one of the country’s most highly esteemed economists make her well-qualified to serve as Federal Reserve Chair, and as the first woman to hold the post she will also be an inspiration to young women everywhere. I look forward to working with her as we focus on strengthening our economy.”

             

And a commenter found this gem -



Benny Yellen!   

Also, "it's Pat!" works!

[rustybayonet]

More indications of coming implosion - last nights local news; Compass [a banking & loan] in Birmingham, AL area to lay off 400-600 {after a small increase, a drop in local housing and buiilding is triggering the move}.  Then this morning on the net; Macy's to lay off 2,500.

[Libertas]

If the marketing campaigns for HARP are as voluminous and annoying elsewhere as they are here I am taking that as a sign that their not-so-secret desire to shore up shaky assets on their books isn't the big life-saver it was meant to be...all ostensibly to benefit the poor underwater mortgage holder of course!  There could be another wave of distressed banks hitting the skids...certainly the lackluster retail housing market indicates that, but the commercial market has been a pig sty for some time too.  2014 gonna be just a swell year, eh?

[ChrstnHsbndFthr]

More shocking news...

Ruling Class Progs confirm fukkin' Yellen as Fed Chair.

http://www.zerohedge.com/news/2014-01-06/janet-yellen-confirmed-next-fed-chair

And insult to injury -

U.S. Senator Amy Klobuchar (D-MN), Vice Chair of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Senate voted to confirm Janet Yellen to serve as the next Chair of the Board of Governors of the Federal Reserve System:

 

“Janet Yellen’s wealth of experience directing policy at the Federal Reserve and her longstanding reputation as one of the country’s most highly esteemed economists make her well-qualified to serve as Federal Reserve Chair, and as the first woman to hold the post she will also be an inspiration to young women everywhere. I look forward to working with her as we focus on strengthening our economy.”

             

And a commenter found this gem -



Benny Yellen!   

Also, "it's Pat!" works!

I say it's a match!!  (What I do not understand is that I had heard Benny was dead?)

[Libertas]

And a commenter found this gem -



Benny Yellen!   

Also, "it's Pat!" works!

I say it's a match!!  (What I do not understand is that I had heard Benny was dead?)

Maybe just recycled?!   

[Weisshaupt]

http://www.zerohedge.com/news/2014-01-10/people-not-labor-force-soar-record-918-million-participation-rate-plunges-1978-level


So how bout that recovery! Aren't the stock prices amazing!

Record Tax Revenues, Record Profits,  record index prices are all easy to achieve when  you have record prices on food, gas, fuel  and record breaking levels of corruption and cronyism. Wiemar also enjoyed a boom in stock market prices..while the companies they represented got less and less profitable under the hyper inflationary conditions.  Stocks will be a great way to at least keep pace with inflation -- till, you know, they suddenly aren't. Its Vegas Baby!
Have fun gambling! You know, if you aren't one of the people who can't get a job...

[Libertas]

It's like Reagan - Bush II never ocurred!

Welcome to the National Socialists States of Abject Misery, our chief steward is his Royal Highness Barack WhoSane? Obama Elizondo Mountain Dew Herbert Camacho.  Step forward and be branded a serf.

SSDD - http://www.zerohedge.com/news/2014-01-10/more-half-december-jobs-added-were-temporary

The beatings will continue...until nobody is employed or seeking employment...perfect zero!

[BigAlSouth]

This morning, I signed up at ZeroHedge. I strongly suggest that everyone here at IAL do the same.

Also, I plan to spend more time at this Topic than I have in the past. Check out a new thread I  am starting: "Assuming the Collapse, I Plan to . . ."

The sh!t  is coming folks. It will be worse than the thirties because the politicians in power, mostly Democrats, but a surprising number of Republicans, are strong enough to make the correct fiscal decisions. Too many Pubs are scared that the media is going to call them bad names if they don't go along to get along. In any event, the tipping point is here, it really ain't gonna matter.