Quote :

"Check the budget, he has cut several discretionary areas"

so that's why education is asking for more. and the military is asking for more. and DOE is asking for more? give me a fucking break

2/15/2011 10:52:29 PM

you must have failed to read the part where I said check the budget.

[Edited on February 15, 2011 at 10:53 PM. Reason : ]

2/15/2011 10:53:20 PM

Quote :

"Two percent! That’s how much the price of EVERYTHING has gone up IN AMERICA since Christmas Day, just 6 weeks ago. This is according to the very reliable Billion Prices Project at MIT, which collects pricing data every day from online retailers using a software that scans the underlying code in public webpages and stores the relevant price information in the database. The daily online index is an average of individual price changes across multiple categories and retailers that provides real-time information on major inflation trends. "

Quote :

" "Wait," you might say – "If Ben Bernanke is that wrong about inflation, wouldn’t there be some other hard evidence?" How about racking up $76Bn worth of losses in the 3 month-old POMO program already? Yes, that’s right, in just 90 days the Fed has racked up $76Bn in losses on existing and new Treasury, Agency and MBS purchases, according to Zero Hedge. "Gosh that sounds like a lot of money," you might be inclined to say. Don’t worry about it, it’s not going to be the Fed’s problem – it will be yours. As Dr. Bernanke testified last week: "At the appropriate time, the Federal Reserve will normalize its balance sheet by selling these assets back into the market." As noted by ZH: "The Treasury is borrowing from the Fed, which, when it loses money on those loans, will then borrow from the Treasury, which will probably still be borrowing from the Fed" so this can go on for quite some time and "all" it does is add to the National Debt that you, your children and your grandchildren will be saddled with for the rest of their lives. "

This is just getting uglier by the day folks. We're fighting a losing battle. Well actually fighting isn't an accurate word. We're just laying down thanks to our fearless politicians.

2/15/2011 10:54:12 PM

http://finance.yahoo.com/echarts?s=%5ETYX+Interactive#chart2:symbol=^tyx;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

2/15/2011 11:08:31 PM

Maybe I'm not reading the BPP data right...on 12/20/2010 the index was at 101.2808. As of yesterday it was at 102.3769. I'm having a hard time understanding how this comes out to 2%.

I also notice this comes from old Rantin Phil Davis. I used to pay for his service for awhile and found the bulk of his posts seem to be on complaining about conspiracies in the market. I noticed one of his commenters on SA said the same thing about this article. It's good to see you continue to seek confirmation for your already formed world view. Great thing about the internet is everyone has a voice so you'll almost certainly be able to find that confirmation.

2/16/2011 6:33:19 AM

This is a better read about inflation with less of that "sky is falling" talk.

http://dailycapitalist.com/2011/02/15/a-note-on-inflation-its-here/

2/16/2011 7:02:13 AM

Quote :

"Like I said, this is like having cancer but the doctor wont do anything but cut your hair. Then he expects to be praised for improving things. "

sorry, let me update this for Kris.

This is like being told you have cancer, but the doctors getting together to talk about how to treat you, and THEN giving you a haircut.

Hell as long as they have people like Kris to support them, the idea of doing something is just as good as actually doing something. lol

nevermind it is getting worse daily. Hey look its a shinny new high speed rail.. Does that distract you? haha

I think he is just playing politics and waiting for the GOP to propose the cuts or changes to the entitlements so he can drum up the fears to get reelected. The problem with this is the cuts wont happen and we have lost time due to politics as usual.

2/16/2011 8:58:50 AM

Quote :

"nevermind it is getting worse daily"

Is it? The economy seems stronger each day, as far as the debt, it's a long term problem, Obama is approaching it with long term solutions.

2/16/2011 9:49:21 AM

^the longterm solution was to ADD to the debt?

Do you really believe the stuff you are saying?

2/16/2011 10:04:27 AM

Obama explained all of this himself, you should at least hear him out.

2/16/2011 10:16:24 AM

Quote :

"you must have failed to read the part where I said check the budget."

you must have failed to read it, too. everything is up since 2008. massively


yep, truly what a crack-head needs in order to get clean is more crack. works EVERY time.

2/16/2011 11:01:54 AM

Quote :

"everything is up since 2008. massively"

Things have been cut since last year's budget.

2/16/2011 11:52:35 AM

Quote :

"Hell as long as they have people like Kris to support them, the idea of doing something is just as good as actually doing something. "

2/16/2011 2:02:47 PM

Kris, it seems like someone on that serious debt commission likes my cancer analogy.

Quote :

""This deficit and debt is like a cancer and is going to destroy our country from within." — Alan Simpson, Co-Chairman,White House Deficit Commission "

2/16/2011 3:20:48 PM

You should be proud of Obama for having created it, additionally you should be happy to see him pass a budget so he can, as he's said, begin working on solutions with both parties.

2/16/2011 3:40:47 PM

^dude. He didnt pass anything. Do you know how govt works?

And his PLAN is to INCREASE the debt 6-7T over 10 yrs. Which is a CUT to him, seeing how it grew 5T in 2 yrs.

2/16/2011 3:56:51 PM

I didn't say he passed anything, but if you want me to reword it: "see him help get a budget passed so he can"

I think that was implied.

Quote :

"And his PLAN is to INCREASE the debt 6-7T over 10 yrs. Which is a CUT to him, seeing how it grew 5T in 2 yrs."

Correct, he's cutting the growth rate, which is a start.

2/16/2011 4:23:53 PM

Quote :

"The economy seems stronger each day"

By what metrics? The stock market in nominal terms is about all I can think of.

2/16/2011 6:33:35 PM

The SP is up far more than inflation, so you could use real or nominal, cash and short term holdings are down, treasuries are still selling well, and the Fed seems pretty confident. Employment generally lags behind, but with companies reducing cash, I'm feeling fairly optimistic that the employment numbers should start looking better soon. What metrics are you worried about? (I won't start debating you, I'm simply interested in hearing) Frankly the recent market performance genuinely surprises me given the recent turmoil in the middle east.

[Edited on February 16, 2011 at 6:56 PM. Reason : ]

2/16/2011 6:55:07 PM

Quote :

"The SP is up far more than inflation"

Up compared to what?

Quote :

"cash and short term holdings are down"

What cash? What short term holdings?

Quote :

"Employment generally lags behind"

It generally doesn't lag the end of recessions by years. Rather, in prior recessions the jobs recovery has been better this far in.

Quote :

"but with companies reducing cash"

Which metric is this? That is, where can I see it?

Quote :

"treasuries are still selling well"

Of course they are selling well, the Fed is taking them off the primary dealers less than a week after they purchase them. Yields are going up, foreign investors are reducing exposure. So I'm not quite sure what "well" means in this case. It's almost as if you're saying so long as they are selling then they are selling well because the alternative is a failed auction which would like be a very nasty shock. Fortunately, so long as the Fed continues to monetize (and they always will, without question) I suppose this is a scenario we don't have to consider.

[Edited on February 16, 2011 at 7:06 PM. Reason : .]

2/16/2011 7:05:14 PM

Quote :

"Things have been cut since last year's budget."

we didn't have a budget last year.

2/16/2011 7:11:18 PM

Quote :

"Up compared to what?"

Up in stock price.

Quote :

"It generally doesn't lag the end of recessions by years. Rather, in prior recessions the jobs recovery has been better this far in."

In fairness, this recession is different from others in a number of ways.

Quote :

"What cash? What short term holdings?"

Quote :

"Which metric is this? That is, where can I see it?"

http://www.bloomberg.com/news/2011-02-16/cash-hoards-shrink-at-s-p-500-for-first-time-since-09-as-obama-woos-ceos.html

Quote :

"Yields are going up, foreign investors are reducing exposure."

They're down from last week:

Date		1 mo	3 mo	6 mo	1 yr	2 yr	3 yr	5 yr	7 yr	10 yr	20 yr	30 yr
02/11/11	0.08	0.12	0.16	0.30	0.85	1.40	2.38	3.05	3.64	4.49	4.71
02/14/11	0.09	0.13	0.17	0.30	0.87	1.41	2.37	3.04	3.62	4.46	4.67
02/15/11	0.11	0.13	0.17	0.30	0.84	1.39	2.35	3.03	3.61	4.45	4.66
02/16/11	0.10	0.12	0.16	0.29	0.86	1.40	2.37	3.04	3.62	4.46	4.67

2/16/2011 7:17:18 PM

Quote :

"Up in stock price."

Over what time period asshat.

Edit.
Oh, I see, so you like to extrapolate the weekly noise you see into longer term trends. Gotcha.

[Edited on February 16, 2011 at 7:21 PM. Reason : .]

2/16/2011 7:20:30 PM

Quote :

"Over what time period asshat."

week, month, whatever

oh and you're getting mad again

Quote :

"Oh, I see, so you like to extrapolate the weekly noise you see into longer term trends. Gotcha."

The trend is there if you look at it over a long period of several years (I posted this in another thread if you want to see it), but if I'd have posted those numbers you simply would have nitpicked

2/16/2011 7:24:33 PM

Which trend? The 30 year yield has been on a steady upward march since QEII became a reality.

2/16/2011 7:35:03 PM

The fiscal collapse is a certainty at this point.

Kris will wait until we sell our debt for 20 cents on the dollar and say "see people still want our debt!"

Who cares if Kris goes hungry... I'm stocking canned goods. They will outperform the S&P easily.

2/16/2011 8:23:03 PM

Nah, bro. You wanna get rich? Borrow some money from the fed, buy bonds, then sell em right away. All you have to do is become of the Fed's primary dealers. If you find the application to become one, send it my way, thanks.

The fucked up thing is that the banksters will continue this wealth destruction game, get out right before shit hits the fan, and live the rest of their lives in perfect comfort. I'm disgusted with the entire thing, and there's nothing that can be done because these fucking thieves have the support of the entire god damn state.

2/16/2011 9:21:38 PM

GDP is growing

However, the admin seems to be ignoring the fiscal problems.

The magic unicorn rail will save us.

2/16/2011 9:43:17 PM

Quote :

"Which trend?"

Do you only read the first three words of any response I make? I stated the trend.

2/16/2011 11:38:26 PM

^^^so raise your fist and march around, just go take what you need

2/17/2011 12:10:04 AM

^^^Fuck the GDP as a measurement of prosperity and the well being of a country's citizens.

2/17/2011 1:12:54 AM

Quote :

"Do you only read the first three words of any response I make? I stated the trend."

I have to ask because some idiot on the internet is claiming the stock market is up and his time frame included "whatever".

I guess I could assume you mean since the bottom but you didn't state it. So, until you specifically state the time frame, I'm going to assume you meant from the all time highs, therefore, as usual you are wrong again.

2/17/2011 6:04:42 AM

Oh, I see the issue now. You quoted my reply about the 30 year but then you were talking about stock prices. Congrats on the reading comprehension yet again.

2/17/2011 6:39:18 AM

So let me get this right, I post "the economy is looking stronger every day", you ask me for metrics, I provide them, what are you mad about again? Is it not obvious what timeframe would be used considering the statement I originally made?

2/17/2011 11:15:56 AM

The US economy doesn't appear to be getting much stronger.

We are still dependent on our imports (real goods) being exchanged for our exports (debt).

Our currency crisis is rapidly approaching and our debt crisis looks completely unavoidable.

What numbers are you referring to specifically when you say "better"?

2/17/2011 6:56:52 PM

He's talking about the employment number that came out today. That one was improved!

2/17/2011 7:44:20 PM

Quote :

"The SP is up far more than inflation, so you could use real or nominal, cash and short term holdings are down, treasuries are still selling well, and the Fed seems pretty confident. Employment generally lags behind, but with companies reducing cash, I'm feeling fairly optimistic that the employment numbers should start looking better soon. "

2/17/2011 8:19:45 PM

you need to google "structural imbalances" and figure out what it means.

The rest of the stuff you cite is short term noise.

2/18/2011 7:49:13 AM

The economy seems stronger each day.

2/18/2011 2:01:22 PM

Stagflationary is a more apt description.

2/18/2011 4:59:07 PM

Doubtful that we would be seeing this level of stock growth in a stagflationary environment.

2/18/2011 5:11:53 PM

lulz

2/18/2011 5:41:14 PM

KRIS WHERE ARE YOU. PLEASE TELL ME HOW WRONG I AM WOW OIL GOES UP 7 PERCENT IN ONE DAY. PLEASE


DO YOU NEED LIMA BEANS? I HAVE SEVERAL CANS OF THEM. SHOW ME THE GOLD NOW THOUGH I HAVE AMMUNITION IN MY SHED TOO YOU KNOW

[Edited on February 22, 2011 at 10:13 PM. Reason : a]

2/22/2011 10:13:08 PM

it went up 7pct in one day? I'd be shorting that fucker tomorrow, lol

2/22/2011 10:25:04 PM

what a retard

2/22/2011 10:39:58 PM

im a retard?

I thought I was living in a dream.

Now that dreams are reality, who is the retard?

Fiscal collapse is another step closer bojam.

2/22/2011 11:55:49 PM

2/23/2011 12:14:33 AM

Where's your god now?

Another day closer to fiscal collapse. $100 oil.

2/24/2011 12:15:49 AM

So what happens when it goes back down after the unrest in the middle east calms down? I assume you'll either ignore it or twist it into some sort of evidence to validate what you want to believe.

2/24/2011 5:49:15 PM

^^ What are you invested in to ride out the hyperinflation that is coming?

2/24/2011 5:50:29 PM