"It's the economic trend, stupid!"

Fantastic! The 1 percenters.

And the lib mutual masturbation begins. Mop up when you're done and turn out the lights.

Gas prices on the rise and unemployment growing and all CORKY can think about is his rich 1%. CORKY why do you hate the poor?

Painocan, why do you hate economic measures that contradict your "Obama is a Soshlist who hates America and is bad for Business" bull crap?

Why is it the first fav retort from Rwingers is to project their repressed homoerotic thoughts about others, eh, Peocon?

Try getting your mind off what you'd like to be doing with other guys for a few minutes and try really, really hard to focus on economic trends that are good for your country, if not so good for your Insane Klown Posse Party.

LOL! Economic treands that are good for the Country unless you're unemployed or poor.

Really? And here I thought the GOP mantra was that a rising tide floats all boats.

Wussy is a RINO!

Not to mention 24 straight months of private sector job growth.... so i won't mention it.

Wussy is a RINO!

Posted by Corky

Wrong. I just thought you lefties cared about the poor and downtrodden. Guess you embrace whatever good you can in this 3 year shitstorm.

WHOO HOOOO This will be great news for the average working man when Gas hits $10 a Gallon because the President wants to keep the liberal enviromental whackos happy,,,

Yeah! What the poor and downtrodden need is a multimillionaire Hedge Fund Manager in Chief offering Cayman Island Bank accounts for all!

Not to mention huge tax breaks for the wealth and a whole $34 for everyone else!

Here Is Why The Dow Just Passed 13,000

Wondering why the DJIA just passed 13K again? Wonder no more: as the chart below shows it is entirely due to the nearly $7 trillion pumped by global central banks into the world stock markets just in the past 4 years. As Sean Corrigan from Diapason notes, the aggregate global central bank balance sheet has doubled in four years, after doubling in the 5 years before that. We would add that with the entire centrally planned ponzi scheme hell bent on preserving the illusion of nominal gains, global liquidity is now fungibly sloshing from one market to another with absolutely zero resistance whatsoever. At this rate, it should double again in 3 years, then 2, and so on. Will the Dow hit 52K in 5 years in that case? Why most certainly. Just ask any remaining citizens of the Weimar Republic. They know all too well about exponential stock market rises. They also know absolutely everything about the self-delusion that comes with chasing NOMINAL numbers. Oh, and before we forget, expressed in spot gold price, the central bank aggregate tally has moved from being the equivalent of 10 billion oz of gold, to just 8 billion. Guess what is 20% underpriced.

This one is for Danforth

As Dow Passes 13,000 In Nominal Terms, Here Is The "Real" Picture

Three charts that perhaps will calm the nominal euphoria as Dow 13000 screams across the screens. Since May 2008, the Dow is unchanged in price and down 50% in 'real' gold terms. The picture is just as disheartening from the start of 2011 and 2012. Next stop Dow 20,000 and Gold 20,000?

"It's the economic trend, stupid!"

Fo Mo Years!

"Tyler Durden" roflmao!

"Zero Hedge is a costly operation (apparent access to data services, number of staffers working what appears to be close to if not full time) and that does raise questions about its ambitions. It may be seeking to become a new media type of platform, but the combination of missionary fervor and possibly commercial aspirations is a mix that (per comments I have gotten from readers) leaves some perplexed.

The mysteriousness has served Zero Hedge well thus far, but the messianic zeal and the sometimes strident tone serves to undercut their typically good content. It clearly boosts traffic (ZH has become popular in a very short period of time), but does it in the end serve his cause?
In the long run, it raises question about credibility, and and I worry not just his/theirs, but of financial blogs generally."

#12
Funny how whenever well-accepted economic or job numbers don't support the current GOP disaster meme, flunkies like Pcon pull out "shadow numbers" exposing the Vast Left Wing Conspiracy to fool the poor and innocent.

They are like that, you know, concerned all about the poor and innocent.

In the years to come you idiots are going to be looking at your investments and rubbing ass and wondering if anybody got the number of that train that ran over your ass. I did, is was the Obama Bernanke express right out of the FED and it was on the qualitative easing track.

"Since May 2008, the Dow is unchanged in price and down 50% in 'real' gold terms."

What an idiotic barometer. So if gold drops, suddenly that 13,000 number becomes "real"...?

#16

Mother Peocon, Psychic Projections from Tyler Durden, Only Fiddy Cents!

"it was on the qualitative easing track."

Don't you just love taking financial advice from someone who doesn't even know the terms?

-who doesn't even know the terms?

Yeah, but he sure knows his political thongs!

Mitt's Magic Mormon Thong is only slightly less popular than the hot and frothy new Santorum Throw-Away Thong.

"Guess you embrace whatever good you can in this 3 year shitstorm."

Well, when the last guy left a 750,000/mo job loss mess, good is important, especially since the shitstorm was in full thunderclap mode under Dubya.

50% in 'real' gold terms.

A bubble is a bubble is a bubble.

"Dow Crosses 13K for First Time Since 2008 Bush Recession"

Obama's fault!
~ Pissed Pantaloon Tiightie Riighties

Isn't it amazing what a few trillion dollars of new money can do for the stock market.

What an idiotic barometer. So if gold drops, suddenly that 13,000 number becomes "real"...?
#17 | Posted by Danforth

It's not such an idiotic barometer as you like to think. Over the past ten years, gold has increased five times in price while the general stock market has gone nowhere.

Over the past forty years, the general trend is for the dollar to drop against gold. About 95% so far. It's only a question of how many more years until the dollar drops 100% against gold.

"It's not such an idiotic barometer as you like to think."

So in the 90s, the value of the stock market was much higher than the numbers, due to the price of gold? What a crock.

"Over the past forty years, the general trend is for the dollar to drop against gold."

And rise. And drop. And rise. And drop.

"It's only a question of how many more years until the dollar drops 100% against gold."

Yeah, and a few years ago, it was only a question of how many more months, right? And it's only a matter of time until Dow 1400, right?

-Don't you just love taking financial advice from someone who doesn't even know the terms?

he doesn't have access to google?

the hot and frothy new Santorum Throw-Away Thong.

now there is a term leftists understand.

Dow Crosses 13K for First Time Since 2008 Bush Recession

Obama's fault! Damn-it!

Signed:

paneocon
afkabl2
glasshouse

#26 | Posted by Danforth

Government destruction of money is commonplace. If you think it can't happen here, you are in for an expensive lesson.

"he doesn't have access to google?"

So you actually needed google again to learn what paying attention in Econ classes would have done?

Time to ask for a tuition refund.

"If you think it can't happen here, you are in for an expensive lesson."

Oh, I know it can happen here. I'm just laughing at the guy who's been wearing a "The World Will End _______" sandwich board for years now, scrawling in new dates every few weeks.

#29 | Posted by ZOT

I think you should run right out and put all your money in the market. If the market goes tit's up for some reason your government can always save your ass.

#31 | Posted by Danforth at 2012-02-21 02:32 PM | Reply | Flag: proving post after post that he never took Econ.

Oh, I know it can happen here. I'm just laughing at the guy who's been wearing a "The World Will End _______" sandwich board for years now, scrawling in new dates every few weeks.
#32 | Posted by Danforth

If lying makes you feel better, so be it.
Gold is close to breaking new highs.

-Over the past forty years, the general trend is for the dollar to drop against gold

no, the last 10 years have been very good to gold, no doubt.

But if you go back further, gold hasn't done well at all.

"proving post after post that he never took Econ."

What a riot. You clearly can't handle the truth, and have a severe inferiority complex about anyone who's actually educated.

Last night made it clear; you had to research stuff I knew a decade ago: we had no recession in 2001. It turned out you didn't have a clue what you were talking about.

Thanks for the laugh, Beverly.

"this is like arguing with danforth.."

You mean the other guy has those pesky facts on his side?

-and have a severe inferiority complex about anyone who's actually educated.

after 2 post in any exchange you have with anybody here, you resort to insulting the other's intelligence...every time.

I think we know who is suffering from an inferiority complex.

"If lying makes you feel better, so be it. "

If pretending you never proffered a date certain which came and went, so be it.

Your problem is I actually read and pay attention to what you say. Your theories are spot-on; I just chuckle at the doomsday dramatics.

-You mean the other guy has those pesky facts on his side?

well, he has an internet connection.

so he's tied with you.

"you resort to insulting the other's intelligence...every time."

Fat talk from someone who resorts to calling someone else's experience a lie.

"I think we know who is suffering from an inferiority complex."

Yes. Yes we do, Beverly.

-you had to research stuff I knew a decade ago:

no, I spent 9 minutes reading something to clarify you have spent 10 years googling and wasted 100 posts arguing wtih someone with no conclusion in sight.

I wrapped it up in 9 minutes and 4 posts on the subject. The rest of it was just poking at some self-loathing gay rat in his cage.

#37 | Posted by Danforth

You got an ass kicking on that and for you to pop on here and claim otherwise shows you are just plain ignorant. The list of financial organizations and news services who acknowledged the 2001 recession is long but there stands Danforth the great economist of Google telling all who care that it not so.

-Fat talk from someone who resorts to calling someone else's experience a lie.

just the part where you took Econ. Not all of it.

typical leftist....been caught lying and now wants to play the victim.

"well, he has an internet connection. so he's tied with you."

Gee, you have one too, yet you had to use it to get the answer I already knew. That would put me ahead.

Now go ahead and fall back on your desperation, and tell me I'm lying. That seems to be all you have anymore.

"just the part where you took Econ."

What a fuckin' moron.

Did you miss the part where I paid for a portion of my college by being the TA in the Econ department, or are you going to fall back to your "you can't possibly have grown up Catholic"-type of imbecility again?

"typical leftist....been caught lying and now wants to play the victim."

Typical Beverly...can't deal with someone who actually knows more than he does, so he claims the guy is lying so Beverly can save face.

Dow passes 13 and our economy is still in the dumper, shows us why we should be putting up many regulations to this market and how little the corporate world contribute to the aid of our country's economy.

"You got an ass kicking on that"

Bwahahahahaha! You didn't even know the definition of the word you were arguing about, and still don't.

When the DOW ruined us under slick willy the left said "The President don't have a THING to do with the market".
Now we are talking about *Bush's* recession? hmm

I'm sure all the middle and lower class people who own no stock (the ones Obama claims to care about the most) are jumping for joy.

-Danforth the great economist of Google telling all who care that it not so.

watch, it won't be long before he is making the same argument in reverse and ignoring a wikipedia definition and, instead, deferring to an organizaiton similar to the one you cited yesterday that referred to 2001 as a recession.

To be honest, it's worth arguing whether or not it was a recession and both sides have at least some merit.

"The list of financial organizations and news services who acknowledged the 2001 recession is long"

And all are based on the NBER, which didn't use the classic definition of the word. Even Beverly admitted it wasn't "technically" a recession, although he had to use teh googles for that.

-yet you had to use it to get the answer I already knew. That would put me ahead.

so when you are masterbating with your gay friends in the theatre, do you argue with them that you don't use the interet to get off when they have to?

oh wait...not even the gays in the theatre like you either, do they?

"Typical Danforth...can't deal with someone, anyone, at all....."

ft

I think we all can agree that the increase in stock values is a very wonderful and important trend. I am making lots of money. If Mitt manages to flub the Republican nomination and if the Dow also hits 14,000 by November, I may actually vote for Obama. Money talks baby!

No citation necessary.

Your problem is I actually read and pay attention to what you say. Your theories are spot-on; I just chuckle at the doomsday dramatics.
#40 | Posted by Danforth

I don't want to spoil your fun. I say that whatever the Dow does, gold will do better for the next ten years as it has for the past ten years. Within that time, one ounce of gold will be the same price as the Dow.

"To be honest, it's worth arguing whether or not it was a recession and both sides have at least some merit. "

Yeah: one side uses the definition, and the other side makes up a different definition and still calls it a recession.

Then the lapdogs who never passed an Econ class start barfing up talking points without ever doing the research.

Two simple questions: What's the definition of recession? Did 2001 meet that definition? If you answer the first question honestly, the answer to the second question is NO.

If you make up a different definition, though, you can get any answer you damn well want.

-And all are based on the NBER, which didn't use the classic definition of the word.

which danforth knew already.

just ask him.....he'll tell you.

""Typical Danforth...can't deal with someone, anyone, at all.....""

Too rich, coming from the guy who couldn't even get along with me when I was supporting Huntsman.

"which danforth knew already. "

And Beverly didn't, despite taking three whole Econ courses.

(Maybe someone should tell him repeating 101 twice doesn't count.)

-That seems to be all you have anymore.

well, I have google too.

And i admit when I use it.

But I'm honest.

LOL...fighting over the use and definition of a word.

The economy is in a dumper, we all know it and it doesn't matter what the definition is and by using such a definition to adjust the economy is just idiotic.

Our economy can't be run by the old definitions. Inflation is through the roof in reality but we have changed the definition to keep it down and so our interest rates are also fucked up which makes the total economy numbers all fucked up.

"oh wait...not even the gays in the theatre like you either, do they?"

I love the smell of desperation in the afternoon.

"But I'm honest."

Liar.

Too rich, coming from the guy who couldn't even get along with me when I was supporting Huntsman.

yeah, I forgot about that.

another lie.

Maybe someone should tell him repeating 101 twice doesn't count.)

oh, maybe you should have used google to learn that econ isn't even a 101 level course. I seriously doubt it ever was.

But you didn't know that, did you?

I wonder why?

#66 | Posted by Danforth

By the way if you had taken the time to look at the excel spread sheet I linked this morning you would have found your two quarters of decline. But you know better so never mind.

"I love the smell of gay desperation in the afternoon....and their feet"

ft

-But you know better so never mind.

of course. His Econ 101 course told him so.

#66 | Posted by Danforth

we cheered too soon.

now the market it down.

but I'm not complaining. It's all good....

"maybe you should have used google to learn that econ isn't even a 101 level course. "

Good God, you are one stupid son-of-a-bitch.

Dude, if pretense at this level is what you honestly need to get through life, you go right ahead.

Paneocon, I'm glad you posted that.

Now gayfroth can claim he got his grand education on the.....wait for it.....the internet.

either that or claim he took at a juco.

or just tell the truth about the fact that he never took it anywhere.

Good God, you are one stupid son-of-a-bitch.

well, I never took Econ 101.

wow, and you complain I call you a cheerleader and yet you use the "stupid son of a bitch" line on everyone here.

-LOL...fighting over the use and definition of a word.

exactly. it's why I jumped in yesterday and poked fun at danfroth in the first place.

;

funny, "Bush recession"

#12 | Posted by paneocon

I credit Obama with every tidbit of good news and every tidbit of bad news to Bush...because I can't help myself.
--- Corky ---

funny, "Bush recession"

#79 | Posted by Maverick

More like a Depression...

Regardless, the people who lost their jobs and homes didn't think it was very funny.

Except the recovery isn't real. Its a big fat fucking lie.

Regardless, the people who lost their jobs and homes didn't think it was very funny.

#81 | Posted by donnerboy

They still don't, ass munch.

based on the average earnings and jobs growth estimated by the Bureau of Labor Statistics for the twelve months to January 2012, our model predicts a corresponding year-over-year tax receipt growth rate of between 4% and 5%.

For the four weeks to February 9th, 2012, however, we see an actual year-over-year growth in tax receipts of 3.0%. Since we are in the midst of bonus season, which our model does not cover, we cannot yet draw a clear comparison between what would be expected from BLS reported employment growth and what currently is observed. Clarification must wait until April, and the end of bonus season.

As pointed out in the last review in December, the annual bonus season masks the impact of regular payroll earnings on tax receipts.

from shadowstats

The Dow at 13000 is not reality in spite of the hopes of some. The Dow at this level is due to the vast amount of liquidity floating around in the country. It's due again to "kick the can down the road" due to fiscal and monetary hyper money pumping into the system. This will ultimately again end badly since deficits and debt will continue to outpace economic growth. A recent study considered the debt of the 34 largest economies in the world and listed them in order with 1 being in the best shape and 34 the worst. The US ranked 28 and was lower then Greece. Things are not good regardless of the stock markets.

Dow Crosses 13,000 and closes at 12,965.69. Corky demands refund from Cialis. Full story at 10.

Things are not good regardless of the stock markets.
#85 | POSTED BY MATSOP

The joke is on these brain-dead liberals. The dollar is not real money; it's debt. Real production drives down prices. But debt drives UP prices - until it collapses.

-++-The joke is on that brain-dead von Mises Randian who predicted a 1400 Dow and got 13000 instead.

)- I credit the Koch Bros with every tidbit of good news and every tidbit of bad news to Obama...because I can't help myself.

Kouldn't Be More EASY.

My client's and I have benefited from stating long.

Staying.....

=The Dow at 13000 is not reality

Manswap again posts more words to less effect (other than unintentional guffawing) than anyone else here.

The joke is on Raystradamus, quoting "Tyler Durden".

Oh and there is this problem no one but the likes of zerohedge are describing, that's six trillion of stimulus. Withdrawaling...much less paying that back thru taxes will be a problem. I do like listeningyyo to the shorts get on their balls seem down their mouths on z.h.!!!

Dorky you have the mentality of a second grader if you had followed Ray you'd have tripled your money in six years.

The joke is on Raystradamus, quoting "Tyler Durden".

You stupid liberal. Zerohedge.com one of the best economic news sites on the web. It's what the MSM should be.

Liberals think debt can expand forever. How anybody can so stupid to think that is beyond me.

The economy is in a dumper, we all know it and it doesn't matter what the definition is and by using such a definition to adjust the economy is just idiotic.

Our economy can't be run by the old definitions. Inflation is through the roof in reality but we have changed the definition to keep it down and so our interest rates are also fucked up which makes the total economy numbers all fucked up.

#64 | Posted by moneywar

IOW--we are phucked up--;o)

They have happy feet over the Greece thing.

But that will last about four months when Greece will fail to make a payment and then default all over again.

-Then the lapdogs who never passed an Econ class start barfing up talking points without ever doing the research.

research on economics....on this place.

what a laugh.

....the lapdogs who never passed an Econ class

well, you have to take one first.

Bond Market....kiddies.

That's what holds up the value of money.

If just one group of bond holders fails to reinvest on the next issuance against the US Dollar, its all over.

And with the billions and billions of worthless money the Obama administration has flooded the world market with to keep the market numbers up, it won't be long before a no confidence vote if you will, will be cast by the bond buyers.

There absolutely no chance Greece will survive, but the Europeans keep putting money in to the country to keep the EURO alive.

Life boat rules kiddies, there is only so much food and water in the leaking boat, the weak go over the side....no exceptions.

What Obama is hoping for is that Greece, Portugal and Spain go down in flames as a total loss this will lessen the strain on Europe, but as that is happening Obama thinks the world will then invest in the US Dollar again because it LOOKS like its holding it own.

Then Obama will print more worthless money based on the projected value of the money that will be earned some where in the unnamed future.
Just like they are doing now.

Remember that stock or bond is only worth what you think or are willing to believe what ever I'm buying it with is worth any thing in the first place.
I could have a piece of gold as big as a bowling ball, but if nobody wanted it, I couldn't buy a pack of gum with it.

Ponzi any one.

.....NOPE IN NOVEMBER.....

=if you had followed Ray you'd have tripled your money in six years.

lol, at Ray's level I made more money in my business, thank you ever so kindly.

#103 As I said what a second grade mentality you have. A pure shit head.

Tripling in 6 years is like 20% interest. Only a douche bag shit for brains liar like yourself could sneer at that!

lol, at Ray's level I made more money in my business, thank you ever so kindly.

#103 | Posted by Corky

Not everyone can sell Obama Pom Pom's like you do.

"To be honest, it's worth arguing whether or not it was a recession and both sides have at least some merit. "

Yeah: one side uses the definition, and the other side makes up a different definition and still calls it a recession.

Then the lapdogs who never passed an Econ class start barfing up talking points without ever doing the research.

Two simple questions: What's the definition of recession? Did 2001 meet that definition? If you answer the first question honestly, the answer to the second question is NO.

If you make up a different definition, though, you can get any answer you damn well want.

#59 | Posted by Danforth at 2012-02-21 02:57 PM | Reply | Flag: Flag: (Choose)
FunnyNewsworthyOffensiveAbusiv
e

By definiton, you're right, we managed not to contract for two consecutive quarters.

Now, why did this happen? Did jobs return in any meaningful way? Did efficiency increase? What are the long term effects of the monetary and fiscal policy actions that caused this up swing?

"Meh, fuck the long term, Obama needs to be re-elected." - the left.

"By definiton, you're right"

Tell that to the idiots upthread.

"Now, why did this happen? Did jobs return in any meaningful way? Did efficiency increase? What are the long term effects of the monetary and fiscal policy actions that caused this up swing?"

You do realize we're talking about 2001, right?

No, I thought you made a typo. My bad.

According to RightIsRight he's been shorting the market.

Must suck to be him right about now.