The ORIGINAL gathering place for a merry band of Three Percenters. (As denounced by Bill Clinton on CNN!)
Looks like that "jobless recovery" isn't working out too well for the brainiacs at the Fed.Oh, well. They can just print up another $4.3 trillion to piss away. Yeah, that oughtta work.Idiots and liars, not necessarily in that order.
"Fed policy is opaque, confusing and rudderless. " is the understatement of the century. The harder these idiots try to fix the problem the worse it gets. The only question is does the "civil" war start because of federal stooge overreach a`la Waco or does it start because the economy implodes.
"A healthy King Dollar is a good thing, and so are falling energy prices."Energy prices can fall for two reasons, ample supply or anemic demand. The relative health of the dollar can likewise be produced by a strong U.S. economy or a weak global economy. Only one of each of those causes of a "healthy King Dollar" and "falling energy prices" is good. Energy demand is weak because it doesn't make much sense to invest in new manufacturing output in this economy (everyone remember how long it took for ammo companies to decide the increased demand for .22lr was real?). That's a real problem. The dollar has 'surged' against other currencies because the global economy is collapsing. That's not good at all.Ignorance of such basic distinctions is unlikely for a serious economic analyst. Kudlow is either lying about his competence or lying about what he sees.
On the other hand, the ghosts of Tom Joad are rolling on the floor in unmitigated laughter.
One of the more intelligent economic commentators (Peter Schiff or David Stockman?) was showing how rail shipments have been down in all categories except one - new car shipments - and that the worst decline is in oil and oil product shipments. I thought it kind of odd, that while easy financing and lease deals have stimulated a bubble in auto sales, apparently nobody is buying gas to go drive anywhere in their new cars, except for the minimum essentials, even with much lower gas prices. Maybe after the car or lease payments, there is no money left over for even cheap gas?
The average person knows that job creation is the foundation of a healthy economy. MBAs apparently do not realize this, and continue to merrily close US factories and permanently ship jobs out of the country, because it causes stock prices to rise incrementally. People need jobs, in order to purchase products. With so many Americans stuck in low paying service industry jobs, we are now at risk of having our natural resources, including land, sold to foreign investors, because there is little left to sell. The plutocrats will happily sell them too. I don't claim to have an answer, but nearly everyone knows something is dangerously wrong. People want to buy American products, and even scour markets, on and off the internet to look for them. We are certainly capable of making them. Perhaps, small business will bring them to us once again. This highlights one flaw in our economic system. We seek short term gain, while other economies plan for the long term.
So - those 'powerful economic levers' ... are not actually attached to anything!Ma Duce
Dry bulk shipping index also at all time lows. Capital goods orders down. So many signals appear to flash deeper decline. The Potemkin recovery orchestrated to fool us since 2008 is now worn, and there's either no whitewash left to slap on a fresh coat, or the facade has deteriorated to such an extent that additional whitewash will only trigger quicker deterioration.
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