Here Comes The Double Dip Pt. 4 (merged) Archived

[kiwichick]

wow

from world bank figures gdp/capita

luxembourg
qatar
macau
singapore
norway
kuwait
brunei
u.a.e.
u.s.a. 9th

of course usa has probably declined further since then

[Lore]

And as recent commercials are reminding us here in the USA, we're falling down on the list of top math and science scores. How long can a nation excel when it continues to dumb itself down?

[vision-master]

Here lies the problem, modern society is so fixated with left brain thinking, maybe it's time we return to art, music, creative thinking and shaman's?

[Timo]

The true strength of an economy lies within its productivity capabilities. In this context, there is no economy that exists today nor any economy that has ever existed on the face of this earth that is more productive, and therefore more powerful and healthy, than the U.S. economy of today. But even more importantly, our future productivity over the next couple of decades is poised to grow exponentially.

You live in a complete fantasy world, don't you?

Back here in the real world, millions of US jobs have disappeared over the last four years. US wages have been falling. Poverty is at record levels. US family wealth has diminished by 40%. AND US productively isn't rising exponentially----its been FALLING.

A lot fewer jobs have been disappearing over the last four years than during the previous eight! In fact, we've even seen some of those jobs start to come back. Not enough, but it's better than where we were headed. Poverty, family wealth, i'll concede on those talking points. The ownership class is firmly in control of those factors.

[vision-master]

Until death do us apart - what is the point?

[OilFinder2]

>>> U.S. DOMESTIC OIL PRODUCTION REACHES 6.353 MILLION BARRELS/DAY LAST WEEK, MOST SINCE THE FIRST WEEK OF FEB. 1999 <<<

[ritter]

And as recent commercials are reminding us here in the USA, we're falling down on the list of top math and science scores. How long can a nation excel when it continues to dumb itself down?

Here in California, the gutting of education budgets continues! Soon, America will be nothing but fat, self-entitled pudding heads (if it's not already).

[vision-master]

What does education budgets have to do with fat self-entitled pudding heads?

[Lore]

What does education budgets have to do with fat self-entitled pudding heads?

I believe Ritter was comparing our preference for the grotesque feeding of the body over that of the mind. We are becoming a nation of a singular exceptionalism, that of physical consumption.

[Daniel_Plainview]

MAULDIN: WE'RE APPROACHING THE END OF THE END GAME

The ever-articulate John Mauldin is reiterating his bearish take on the global economy in a new interview with King World News. “What we’re seeing is the real end game” and “it is coming to an end,” he said. According to Mauldin, Europe isn't solving its problems, but rather making things worse. Greece's "fundamental problem is its trade imbalance." And "Spain has lost access to the bond market. They can’t fund themselves."

"What we’re seeing is the real end game," says Mauldin. "We’re coming to the end of government’s ability to borrow money to fund current spending that’s beyond the growth of their economy." ... "It’s going to end in the next 2 or 3 years, Europe first, then Japan, then the US. Hopefully we (the US) don’t end by becoming Spain and hitting the wall and losing access to the market, without the central bank massively funding ourselves and watching interest rates rise. ... That’s where Western governments are. They’ve run out of the ability to borrow money to finance their current consumption. This is a good thing that it’s coming to an end. I don’t see this as negative in the longer-term. It’s still going to be a bumpy ride for the markets. It’s certainly going to be (an interesting) ride for the business as usual crowd.”

[TheAntiDoomer]

WHAT'S THIS, NO QE3 Today!!!!?!?!?!? But DP told us it was inevitable!

ANOTHER Daniel Plainvew FAIL.

[dolanbaker]

http://www.bbc.co.uk/news/business-18527347
Federal Reserve to buy more bonds

The Federal Reserve has decided to extend its programme of swapping short-term bonds for long-term ones.

The programme, known as Operation Twist, will be extended until the end of the year, allowing an extra $267bn (£170bn) of bonds to be bought.

The idea of the programme is to cut the long-term cost of borrowing for businesses and households.

The decision by the Federal Reserve's Monetary Policy Committee was not unanimous.

here we go again!

[Daniel_Plainview]

The Unprecedented Decimation of the Middle-Class

The impact of the worldwide financial collapse has been catastrophic to most of the households in the U.S. A 39% decline in median net worth over a three year time frame is almost incomprehensible.



Even worse, the decline has surely continued for the average American household through 2012 as home prices have continued to fall. Median family income plunged by 7.7% over a three year time frame and has not recovered since the collection of this data 18 months ago. Even more shocking is the fact that median household income was $48,900 in 2001. Families are making 6.3% less today than they were a decade ago. These figures are adjusted for inflation using the BLS massaged CPI figures. Anyone not under the influence of psychotic drugs or engaged as a paid shill for the financial oligarchy knows that inflation is purposely under reported in order to keep the masses sedated and pacified. The real decline in median household income is in excess of 20% since 2001. The destruction of the blue collar jobs has been underway since the early 1970s. And the relentless decline in real blue collar wages has followed a bumpy downward path for decades.

[kublikhan]

Europe’s financial crisis is also supporting the value of the US dollar. A knee-jerk flight to safety into the reserve currency has been underway for some time already, and shortages of dollars are now increasing demand beyond supply. This dynamic has a lot further to go as dollar denominated debt, of which there is more than any other kind in the world, begins to deflate in earnest. Dollar liquidity will be in increasingly short supply.

Central banks rebuilding foreign- exchange reserves at the fastest pace since 2004 are crowding out private investors seeking U.S. dollars, boosting demand even as the Federal Reserve considers printing more currency. After falling to an all-time low of 60.5 percent in the second quarter of last year, the dollar’s share of global reserves rose 1.6 percentage points to 62.1 percent in December, the latest International Monetary Fund figures show. The buying has left the private sector with $2 trillion less than it needs, according to investment-flow data by Morgan Stanley, which sees the dollar gaining 8.2 percent in 2012, the most in seven years.

While the Fed has created more than $2 trillion under its stimulus programs since 2008, the flows signal that there may actually be a shortage of dollars to meet demand as Europe’s debt crisis deepens and the global economy slows. The dollar has risen 3.5 percent since the end of April against a basket of the most-widely traded currencies even amid speculation that the Fed, which meets this week, may undertake the type of stimulus measures that weakened it in the past.

"In an environment where we see a global slowdown, the dollar will be well supported."

Capital Flight, Capital Controls, Capital Fear

[Daniel_Plainview]

WHAT'S THIS, NO QE3 Today

Poor Cornies. There are only five things that keep the Cornies afloat:

1. Massive govt deficit spending;
2. Massive Fed intervention (QE, ZIRP, debt monetization);
3. Massive bubbles;
4. Massive increases in student and consumer debt; and
5. Bogus, fudged, manipulated govt data.

They LOVE when the Fed intervenes and launches massive QE/printing and monetization programs ... thus they are VERY frustrated that the Fed didn't launch QE3 today despite the recessionary economy.

Today is a very sad day for the Cornies:


Poor Cornies.

The USS Cornucopia suffers yet another setback.


Poor Cornies ...

[OilFinder2]

They LOVE when the Fed intervenes and launches massive QE/printing and monetization programs ... thus they are VERY frustrated that the Fed didn't launch QE3 today despite the recessionary economy.

This is such utter and complete, ignorant bullshit it isn't funny! I don't know about AD, but personally I was just DYING that the Fed today would announce ABSOLUTELY NOTHING. No extension of Operation Twist, no new QE - NOTHING. When they announced an extension of Operation Twist I was actually quite disappointed, in part because I deem O.T. to be pretty much useless, and also in part because I don't think the economy needs any additional easing. On a more technical note, I'm not sure why they want to keep the yield curve flattened. If they were paying attention to the Federal Funds Rate, they'd be noticing it's been going up lately, and so by suppressing long-term yields via an extension of OT they're making it even flatter than when they announced OT last summer (since last summer the FFR had been going down since the start of the year).

You're so desperate to paint the Cornies as desperate, you're even accusing them of desiring something they have no desire for!

[ritter]

What does education budgets have to do with fat self-entitled pudding heads?

I believe Ritter was comparing our preference for the grotesque feeding of the body over that of the mind. We are becoming a nation of a singular exceptionalism, that of physical consumption.

Yep. It's hard to get much learnin when there aint no teachers in the shitty portables we call schools 'round here. So go eat some sh!t food and sit a bit, contemplating the latest battles of "wit" or "talent" on the television.

We have so totally lost our way.

[vision-master]

Why blame the teachers? Figure it out yourself. Quit being such 'another brick in the wall'......

[Daniel_Plainview]

They LOVE when the Fed intervenes and launches massive QE/printing and monetization programs ... thus they are VERY frustrated that the Fed didn't launch QE3 today despite the recessionary economy.

This is such utter and complete, ignorant bullshit it isn't funny! I don't know about AD, but personally I was just DYING that the Fed today would announce ABSOLUTELY NOTHING. No extension of Operation Twist, no new QE - NOTHING. When they announced an extension of Operation Twist I was actually quite disappointed, in part because I deem O.T. to be pretty much useless, and also in part because I don't think the economy needs any additional easing. On a more technical note, I'm not sure why they want to keep the yield curve flattened. If they were paying attention to the Federal Funds Rate, they'd be noticing it's been going up lately, and so by suppressing long-term yields via an extension of OT they're making it even flatter than when they announced OT last summer (since last summer the FFR had been going down since the start of the year).

You're so desperate to paint the Cornies as desperate, you're even accusing them of desiring something they have no desire for!

It's beyond question that the VAST MAJORITY of Cornies love and wish for QE, ZIRP, debt monetization, and other forms of Fed intervention. You've gone on record to endorse ZIRP and debt monetization.

As to QE ... I think that deep down, you really relish its outcomes (such as a temporary boost in the stock market) and the illusory impact it has on the economy. After all, the very essence of Cornucopianism is illusion, delusion, trickery, and fantasy.

I can guarantee you this: the day that QE3 is announced and the stock market spikes 5%, Antidoomer will gleefully post in the "Stockmarket Current News" thread that everything is wonderful and beautiful in the world. Admit it.

[ritter]

Why blame the teachers? Figure it out yourself. Quit being such 'another brick in the wall'......

I don't blame teachers. I blame a society that doesn't value education or intelligence. "Figure it out yourself" isn't actually possible without some basic foundation, laid down in the past and instilled in you by your and your educators' efforts. We are headed back to the dark ages, if we survive this perfect storm at all.