Because one chart is worth a thousand Fed Chairman press conferences...
Courtesy of Sean Corrigan of Diapason
'transitory'
so says pimcos EL
If Pimpco thought inflation was transitory.. they sure as hell wouldn't be 23% net short treasuries.
"Prices are contained."
http://4.bp.blogspot.com/_djgssszshgM/SzdoYZdpgHI/AAAAAAAABFw/z1C0Mdd6lu...
More like transitionary...As in transitioning to stagflation.
+100!
Well done.
SCORECARD OF TRUTH:
Actual Unemployment Rate = 22% (see John Williams SGS *Shadow Government Statistics* alternative unemployment rate reflecting methodology that includes "long-term discouraged workers" that the Bureau of Labor Statistics in 1994 under the Clinton Administration redefined away from those considered "unemployed." http://www.shadowstats.com)
Real Inflation Rate = 8.8% Annualized (with a head of steam baked into the cake to possibly accelerate this significantly by Q3)
Government Net Transfer Payments = 51% of U.S. Population
1 out of 7 Americans on SNAP (aka Food Stamps)
U.S. Deficit (Annual Revenues - Expenditures) = -1.9 Trillion
U.S. Debt = Officially stated as 15 Trillion as of 2011 (actual is 56 Trillion to 202 Trillion; reference David M. Walker & Laurence Kotlikoff) - U.S. Is Bankrupt
U.S. Government Spending as % Component of U.S. GDP at Present = Approx. 1.6% (so if GDP is stated as 3.2%, U.S. 'Organic' GDP is only rising at 1.6%)
Approximate % of GDP Growth that is Nominal & Attributable to Inflation = 1.1% (so that 'Organic' 1.6% Growth in GDP is closer to 0.5% - not enough to stop further job losses and close to the point whereby we could start contracting again very soon)
You're Doing A Heckuva' Job, Bernank! (crushing consumption and organic economic & job growth while ratcheting inflation higher, all in one fell swoop)
Growth in GDP is closer to 0.5% - not enough to stop further job losses and close to the point whereby we could start contracting again very soon.
Thomas Jefferson, Andrew Jackson, Charles Lindbergh Sr. and all the rest…they wouldn’t be surprised at this development for they foresaw what happens when a thriving nation is surrendered to a central bank. Thanks for your hard work, TruthInSunshine.
Good comment x 2!
Notice how the chart volatility steadily increases over the years. It almost looks like a seismograph leading up to a major earthquake and then BOOM! Notice the return of the volatility in large directional movements. Yup, it's bad folks and we can expect another major shock to the global economy very soon just by looking at this chart. Game over.
Or hell think of like a heart rate monitor. Goes all crazy like then all of a sudden... Buuuuuuuuuuuuu (flat lined).
And the Bernank is all out of epinephrine, or any other cardiac drugs.
An AED (Automatic External Defibrillator) will work to restart a dying heart once or twice (QE1, QE2), but eventually the efforts to prolong life will fail, and the patient will expire.
Nearing Escape Velocity once again --- but in which direction !?!
It's like the old tv show for BB and crew:
"We control the horizontal, We control the vertical"
but they CAN'T control the Outer Limits
Totally agree. Plus the other thing you notice is that there has never been a controlled landing in prices. As much as the Fed likes to think of themselves as a moderating force, it always ends up in wildass swings. "Contained" is not the word I would ever use to describe this mockery.
instead of OBL this is the picture they should hide
we all know this anyway from living life
Imitation is the sincerest form of flattery
http://xcapekey.blogspot.com/2011/04/this-is-not-inflation-you-are-looki...
Why does the chart start @ 1990? Why not 1980? Would put things into perspective.
I want to know why it says 8.8%. Should be 6.2%, no?
http://www.bls.gov/news.release/cpi.t02.htm
EDIT: Ahh, this uses non-seasonally adjusted numbers, FYI. So, perhaps more volatile than it should be.
Would be interesting to overlay the SPX / DJIA on top of this..............
Kinda sorta looks like an oil chart
They all pretty much look the same. (or exact opposites) All the same effects.
All the commodities more or less look like that.
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