tag:blogger.com,1999:blog-65319587225664569992024-03-05T11:54:11.274-06:00ASTROBULLISHnotes from the quest.the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comBlogger212125tag:blogger.com,1999:blog-6531958722566456999.post-46914249397935359992013-05-21T20:07:00.000-05:002013-05-21T20:07:28.742-05:00Letters to The President<div class="tr_bq">
</div>
It's that time again. If you'd like to send a comment to President Obama you can do so through the whitehouse.gov website, or click the <a href="http://www.whitehouse.gov/contact/submit-questions-and-comments">link here</a>.<br />
<blockquote>
<i>Dear President Obama -</i></blockquote>
<blockquote>
<i>I hope that you can honestly say that did not know about what was going on with the IRS, but if you did, you should be ashamed of yourself. For a free thinker it's easy to understand that one man cannot possibly control the actions of millions of government employees. Anyone that has ever been a part of a corporate bureaucracy can understand that fact if they are being truthful to themselves. I think that if most folks considered reality they would realize that your contingent is as zealous as any superstar's. For that you can be thankful, but the fallout from the dark side of this dichotomy cannot be excused.</i></blockquote>
<blockquote>
<i>Additionally, I implore you to gather the Council of Economic Advisors and come to whatever agreement must be struck behind closed doors with respect to corporate taxation. These congressional roasts of corporate executives are divisive and tired. Dragging a company in decline before a group of polarizing figures runs completely counter to the innumerable fiscal initiatives our country presently executes.</i></blockquote>
<blockquote>
<i>If in the course of study genuine underhandedness has arisen then the company should be notified so they can plan the </i>[repercussions]<i> accordingly. Otherwise, it appears as though you'd like the public to turn against corporations and that will not advance our country or civilization.</i></blockquote>
the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-79539776425292792592013-05-21T11:18:00.003-05:002013-05-21T12:35:50.067-05:00On Water.The hardest working and most voracious reader I know, <a href="https://twitter.com/smallcapanalyst">@smallcapanalyst</a>, sent me an article called <a href="http://www.consumeraffairs.com/news/water-is-becoming-a-more-precious-resource-051913.html">Water is becoming a more precious resource</a>. Quote following, emphasis mine:<br />
<div>
<blockquote>
<i>Viewed from space, Earth appears to be a watery planet and in fact it is, with water covering 70% of the planet's surface.</i></blockquote>
<blockquote>
<i>But in a cruel irony, most of the water is not the kind people or animals can drink. We require <u>fresh water, which makes up only about 1% of the earth's water</u>, while the vast oceans are filled with undrinkable salt water.</i></blockquote>
Recall the ridiculous overcapacity in dry bulk shippers accumulated during the middle of the last decade and pictures of those ships anchored in Far Eastern bays during 2010. To ease the glut some ships were scrapped while others were converted into LNG tankers. Now that the US looks to become petroleum independent, a wise consideration might be for crude tankers to consider how water will be refined and how they could serve those in need. Whether tankers carry refining equipment aboard, or move water from refineries at sea or between nations something must meet this implicit demand.<br />
<br />
Also considering the demographic and economic gulf facing Japan, they must soon address an abundance of power capacity. I propose they consider deploying nuclear to distill sea water for export.</div>
the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-1425286525953469052013-05-15T09:56:00.001-05:002013-05-15T09:57:54.739-05:00NNTaleb on Heuristics<div class="separator" style="clear: both; text-align: center;">
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<a href="http://en.wikipedia.org/wiki/Heuristics">Heuristics</a> on Wikipediathe inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-56784229174776071642013-05-13T10:42:00.002-05:002013-05-13T12:44:46.397-05:00See what he did there?<blockquote class="tr_bq">
<i>One single observation can invalidate a general statement derived from millennia of confirmatory sightings of millions of white swans. All you need is one single (and, I am told, quite ugly) black bird.</i></blockquote>
<div style="text-align: right;">
Nicholas Nassim Taleb, <u>The Black Swan</u> - prologue, paragraph 1 </div>
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The association of "ugly" with black swan primes readers to spend the rest of the book in fear of the rhetorically imbued negative implications of not knowing an outcome with certainty. No thanks.<br />
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Unknowing is the heart of possibility. Unknowing is a source of adventure. Unknowing is infinity - certainty, zero.the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-88147159874676746422013-05-13T10:07:00.003-05:002013-05-13T10:08:58.094-05:00Centaur Capital on Investing Dumb and Dumber<p style=" margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;"> <a title="View Ashton ValueInvestingCongress 050713 on Scribd" href="http://www.scribd.com/doc/140147714" style="text-decoration: underline;" ></a></p><iframe class="scribd_iframe_embed" src="http://www.scribd.com/embeds/140147714/content?start_page=1&view_mode=scroll" data-auto-height="false" data-aspect-ratio="undefined" scrolling="no" id="doc_6882" width="100%" height="600" frameborder="0"></iframe>the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-91704569355774790972013-05-10T12:12:00.000-05:002013-05-10T12:12:26.665-05:00Yardeni Chart<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiUPXj0wERRrfLauE8-Tj22FaI40Ni7eQqjgaAHLTM-kY5usvyVfH5h6mU84SX1gAPKiaVk91SkztrpDs7kQ34gSqmI4-G9YPViziCqPKNvKTgvtfYy-pih9vBYcujpMI6Xxa5DHQYv-Hm/s1600/capture2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="407" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiUPXj0wERRrfLauE8-Tj22FaI40Ni7eQqjgaAHLTM-kY5usvyVfH5h6mU84SX1gAPKiaVk91SkztrpDs7kQ34gSqmI4-G9YPViziCqPKNvKTgvtfYy-pih9vBYcujpMI6Xxa5DHQYv-Hm/s640/capture2.png" width="640" /></a></div>
<br />the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-16128477228645009322013-05-10T11:59:00.005-05:002013-05-10T12:00:15.927-05:00Current Themes<ul>
<li>water</li>
<li>quality IPOs</li>
<li>inflation resonating from farms</li>
<li>organic produce</li>
<li>micro caps</li>
<li>space</li>
</ul>
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the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-80135379224094936122013-05-09T14:15:00.003-05:002013-05-09T21:51:03.627-05:00Trading Legend Mark Minervini on Growth Stocks<a href="http://www.minervini.com/blog/">Beware the Official “Growth Stock”</a> (May 7, 2013)<br />
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<br />the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-75790548359130871572013-05-09T11:02:00.002-05:002013-05-09T11:02:42.352-05:00Traderstewie's Career Worst Trade<div class="separator" style="clear: both; text-align: center;">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqMaQ793VjFbiMZ45tTGjgDB_GBQXYC1QJfXRNzYVmqdgB0ChXG9tO4N3tj3lmUXeQkeQaNJbyFpkbNLV8zqSrdjMUviEKwuzuRDebSMKjKpYUP7ZuucpSYguHva96b4BEjjGXwuXphNsD/s1600/capture.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="512" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqMaQ793VjFbiMZ45tTGjgDB_GBQXYC1QJfXRNzYVmqdgB0ChXG9tO4N3tj3lmUXeQkeQaNJbyFpkbNLV8zqSrdjMUviEKwuzuRDebSMKjKpYUP7ZuucpSYguHva96b4BEjjGXwuXphNsD/s640/capture.png" width="640" /></a></div>
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(as always, you can click to enlarge)</div>
<br />the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-7260895888024915972013-05-08T12:18:00.000-05:002013-05-08T12:18:29.263-05:00Buffet's Career Lessons for Millenialsfrom businessinsider's <a href="http://www.businessinsider.com/warren-buffett-becomes-a-mentor-to-young-women-2013-5">Warren Buffett Shares 9 Great Career Lessons For Millennials</a>:<div>
<div>
<ol>
<li>Find your passion.</li>
<li>Carefully choose who you look up to.</li>
<li>Learn how to communicate effectively.</li>
<li>Develop healthy habits by studying people.</li>
<li>Learn how to say "no."</li>
<li>Don't work for someone who won't pay you fairly.</li>
<li>Become involved with growing businesses.</li>
<li>Learn everything you can about your industry.</li>
<li>Young women should seek male mentors.</li>
</ol>
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the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-44477398418826396092013-05-08T11:34:00.001-05:002013-05-08T11:47:55.208-05:00On Mental Toughnessfrom a <a href="http://stocktwits.com/compliance/3582?href=http%3A%2F%2Fwww.thesportinmind.com%2Fweekly-articles%2Fmay%2Fa-review-of-mental-toughness%2F">link</a> posted by Mike Bellafiore to Twitter:<br />
<blockquote class="tr_bq">
<i>... twelve main components of mental toughness which were identified by the participants. These twelve components were; team unity, preparation skills, competitiveness, motivation level, coping skills, confidence maintenance, cognitive skill, discipline and goal directedness, possession of physical and mental requirements, psychological hardiness, ethics and religious convictions (Gucciardi, Gordon et al., 2009).</i></blockquote>
and;<br />
<blockquote class="tr_bq">
<i>Mental toughness is having the natural or developed psychological edge that enables you to:</i><br />
<ul><i>
<li><i>Generally, cope better than your opponents with the many demands (competition, training, lifestyle) that sport places on the performer.</i></li>
<li><i>Specifically, be more consistent and better than your opponents in remaining determined, focused, confident, and in control under pressure. [(Jones, Hanton et al., 2002)]</i></li>
</i></ul>
<i>
</i></blockquote>
<br />
<u>Twelve Main Components of Mental Toughness</u><br />
<ol>
<li>team unity</li>
<li>preparation skills</li>
<li>competitiveness</li>
<li>motivation level</li>
<li>coping skills</li>
<li>confidence maintenance</li>
<li>cognitive skill</li>
<li>discipline</li>
<li>goal directedness</li>
<li>possession of physical and mental requirements</li>
<li>psychological hardiness</li>
<li>ethics and religious convictions</li>
</ol>
the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-50976019211968489252013-05-01T19:17:00.002-05:002013-05-01T19:17:53.764-05:00The Life of Rembrandt<a href="http://en.wikipedia.org/wiki/Rembrandt">link</a>the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-25767377995366992762013-05-01T14:17:00.003-05:002013-05-01T15:30:38.756-05:00The IPO Market is not Dead.<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhskGzDn7kGfpiX-zYLE1zblO8b9DbHkSIuGc9v_3KOqFyz1_smQMBhyphenhyphenkNYXZfX7VKLJYDwt5DmoyFEeo4FoF-oiGA6aYdvqADanrPWaTEMKPE-VP4o9Jp-w9akBZiTog5HW0rFrG0D_De1/s1600/capture.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhskGzDn7kGfpiX-zYLE1zblO8b9DbHkSIuGc9v_3KOqFyz1_smQMBhyphenhyphenkNYXZfX7VKLJYDwt5DmoyFEeo4FoF-oiGA6aYdvqADanrPWaTEMKPE-VP4o9Jp-w9akBZiTog5HW0rFrG0D_De1/s640/capture.png" width="550" /></a></div>
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The truth is that we need the IPO market more than ever, just not at valuations already picked over by the underwriters. That's a tough act when you have something with the enormous notoriety that Facebook does. Not so when carpet bombing the public with ZNGA in double digits at their dead top. By virtue of size these investment banks are arbiters of the business, so when people feel like they're getting screwed, they're getting screwed.<br />
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Some recent offerings, like CHUY, demonstrate that you can still go for the ride if you scan the IPO list and do a little homework.<br />
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Finally - THIS IS IMPORTANT - this market still handsomely rewards good ideas. The VC culture is real and accessable. Chase your notions, especially the good ones.the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-91413347208650843892013-05-01T09:44:00.002-05:002013-05-01T10:10:30.468-05:00Notes to the President<br />
Dear President Obama -<br />
<br />
The latest macroeconomic market data tell us that despite a policy of ultimate liquidity, the Federal Reserve is unable to devalue into sustainable civil growth.<br />
<br />
Too much growth has been pulled forward and for too long, and the present nature of social programs disincentivize legal entrepreneurship.<br />
<br />
Consequently, [illegal] drug sales will always be a large entrepreneurial market because of the pleasure seeking behavior exhibited at large by those who have quit on themselves and require less energy to expend on personal advancement. [**]<br />
<br />
The Fed cannot be seen as inflexible to the point that their policy creates a sovereign weakness.<br />
<br />
Too, Free Markets and individual liberty are hallmarks of American Capitalism.<br />
<br />
Please gather your panel of economic advisers and give back to the markets the final years of your term before making this current bastardization a political issue.<br />
<br />
It's about the good guys and the bad guys now. Government doesn't need to be in a market keeping the dogs back from the carcass. If a race of market participants exist to drive this country into civil disrepair their actions must be exposed, not delayed and exacerbated by the lasting repercussions of the current face of QE.<br />
<br />
One cannot print entrepreneurship. Quantitative Easing was an important and necessary decision into the lows of the last crisis, it should not be another social crutch left to its devices.<br />
<br />
<i>** - I feel social programs incite a human characteristic for pleasure seeking by depriving the innate mechanical drive to self-support. The pleasure derived is meant to replace the satisfaction of personal accomplishment. In this way, social programs create a number of the victims who end up in jail.</i>the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-23897390541878534282013-04-30T22:44:00.001-05:002013-04-30T22:46:01.631-05:00On Paper Gold.<div class="separator" style="clear: both; text-align: center;">
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the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-4482573059058273532013-04-30T13:47:00.002-05:002013-04-30T14:09:29.379-05:00The Wall Street Walk<div>
Corporations exist to profit from a product.</div>
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Markets exist to imbue ownership in corporations.</div>
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HFT exists to facilitate trade in markets.<br />
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<div>
Traders exist to furnish markets a directional bias.</div>
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<div>
Governments exist to protect the liberties and borders of their constituents.</div>
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Individuals exist to pursue their ends and sustain the species.</div>
the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-70300504711873198582013-04-30T11:45:00.000-05:002013-04-30T11:46:03.721-05:00Recalling Sicily<div class="separator" style="clear: both; text-align: center;">
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(<a href="http://www.nytimes.com/2012/07/23/world/europe/sicilys-fiscal-problems-threaten-to-swamp-italy.html?pagewanted=all&_r=0">Sicily’s Fiscal Problems Threaten to Swamp Italy</a>, NYT July 2012)</div>
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Graft or Circumstance?</div>
the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-21715499717566567282013-04-30T10:21:00.004-05:002013-04-30T10:23:15.452-05:00Gaming Consumer Confidence<div class="separator" style="clear: both; text-align: center;">
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(<a href="http://www.conference-board.org/data/consumerconfidence.cfm">link</a> to The Conference Board PR)</div>
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the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-65215255499396133672013-04-29T13:13:00.004-05:002013-04-29T13:13:22.666-05:00Repost from ValueWalk<br />
<a href="http://www.valuewalk.com/2013/04/sp-500-valuation/?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A+ValuewalkBusiness+%28ValueWalk+%C2%BB+Business%29">S&P 500 Valuation Based on Inflation Data</a><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpztSGheCwN-unFIBHSfxJ30iOWWln1eZ0JbK7xDTm5YOfPORNFCDs8uORV5-KpvqkWPuWom841WTO-_w_pnH3KjsW5lYtI6pn7Vctarhv4ZeRs8YuPyJPh1uFgArFWYdrD-w-moxBBaQo/s1600/capture.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="372" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpztSGheCwN-unFIBHSfxJ30iOWWln1eZ0JbK7xDTm5YOfPORNFCDs8uORV5-KpvqkWPuWom841WTO-_w_pnH3KjsW5lYtI6pn7Vctarhv4ZeRs8YuPyJPh1uFgArFWYdrD-w-moxBBaQo/s640/capture.png" width="640" /></a></div>
<blockquote class="tr_bq">
<i>Since 1978 the SP500 Intrinsic Value Index calculated using the “Prevailing Rate” (Real GDP Rate + 12mo Trimmed Mean PCE Rate) as a capitalization rate for the mean earnings for the SP500 has been a helpful indicator in judging SP500 under/over valuation levels.</i></blockquote>
the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-65007699701065501132013-04-28T18:28:00.005-05:002013-04-28T18:28:55.697-05:00The Story of Thomas "Diamond" Pitt<a href="http://en.wikipedia.org/wiki/Thomas_Pitt">link</a>the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-88528052609986936612013-04-24T14:04:00.003-05:002013-04-24T14:26:58.934-05:00Couldn't make it up if I wanted to.These kids had responded to a Craigslist ad my wife put up for a couple of chairs. When exchanging info the young lady who wants these things so badly explained that they work for the church, and are also following Dave Ramsey. The deal is already done when an hour later this text comes through:<br />
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<i>We were asked to fill the truck up with gas in order to borrow it, would you be willing to take 350 instead of 375?</i></blockquote>
Am I a sucker buying a bunch of excuses? Maybe, but I don't think so. And that's the point about the current situation in our economy.<br />
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Oil companies, with their 30% profit margins, are taking all the marginal money that would otherwise go to consumer outlets, especially in light of wage stagnation. This is the daily economy of everyone else. The one that serves the other side of the gulf in socio-economic classes.<br />
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$25 lost per deal x 300 MM citizens = $7.5 billion lost in principal commercethe inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-29151978502749635702013-04-18T12:29:00.003-05:002013-04-18T12:31:22.747-05:00Saw this on SMB Capital's Blog<div style="text-align: center;">
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<iframe allowfullscreen="" frameborder="0" height="300" mozallowfullscreen="" src="http://player.vimeo.com/video/58479997?title=0&byline=0&portrait=0" webkitallowfullscreen="" width="400"></iframe></div>
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link to <a href="http://www.smbtraining.com/blog/">SMB Capital Blog</a></div>
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the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-53745792195933907152013-04-18T09:28:00.000-05:002013-04-18T09:46:57.905-05:00I don't get it.For years here and elsewhere I have been advocating a neo-WPA or some other organization to put government money to work hiring people to construct projects benefiting the American people - we got ARRA, an uninventive act funneling money into state Departments of Transportation for fixing potholes. Generally, though, we are propping markets on the outlook for future growth, stuffing the individual 401k's and pension funds with stocks that now stand to get sideswiped immediately after tax season.<br />
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Unsurprisingly, consumer growth could not happen between corporations maximizing profit by laying employees off, and crude furnishing the oil companies with 40% margins effectively starving the rest of the economy of a revenue stream.<br />
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All of this has played out in slow motion so plainly, that I feel like everyone sees it, and yet, no one does anything about it! But finally we have crude backing off to a more sustainable economic level and the market faces unrelenting sell pressure. I don't get it.<br />
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We are early in the consumer credit cycle with home and credit debt refinancing, and the home remodeling and resale market in full swing. The cost to the consumer of gasoline should come down to a new, higher level than previous good times, increasing vehicle mileage, while lowering expenses to merchandise providers of all stripes.<br />
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Falling oil is not prima facie evidence of deflation, just as trailing consumer data isn't prima facie evidence of a weakening economy if on the back of a rising crude spot. Because merchandise providers don't need to change pricing policies with greater discretionary income coming from fuel economy, the prospects for broad benefit to the American and world economies improve imminently. A good deal is still a good deal.<br />
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I guess the principal purpose of this writing is to declare resentment for the way the market has behaved lately. It is clear to me that a battle rages in the world between white and black hats. Now that this economy's millstone has finally been lifted - crude - the market is dumping trailing data. Why?<br />
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Now that a realistic prospect for consumer spending is here, it's hit the bids out of the gate.<br />
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I don't get it.the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-89006774630458549832013-04-15T16:22:00.003-05:002013-04-15T16:25:26.314-05:00April 15, 2013<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlk3wHaYeD7R8Tzh6h2wA9yhYbSTGKs-xG056snI5X3-1E6dFEewO3hPe-CD9GdE_2zbt7A2btAQGkm1lNKEoreqwxY7Gtx5URgwgoAWoBU0V55dXGNS7WNnJGXhyphenhyphenrCYBqDYLRvwhU5rPu/s1600/Capture.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlk3wHaYeD7R8Tzh6h2wA9yhYbSTGKs-xG056snI5X3-1E6dFEewO3hPe-CD9GdE_2zbt7A2btAQGkm1lNKEoreqwxY7Gtx5URgwgoAWoBU0V55dXGNS7WNnJGXhyphenhyphenrCYBqDYLRvwhU5rPu/s1600/Capture.PNG" /></a></div>
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(spreadsheet from <i>businessinsider</i>, <a href="http://www.businessinsider.com/chinese-march-data-disappoints-2013-4">link</a>)</div>
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see also: <a href="http://www.tradingeconomics.com/china/balance-of-trade">link</a> to China Balance of Trade histogram</div>
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(chart from <i>zerohedge</i>, <a href="http://www.zerohedge.com/news/2013-04-15/gold-plummets-most-30-years-stocks-have-biggest-drop-2013">link</a>)</div>
the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.comtag:blogger.com,1999:blog-6531958722566456999.post-31098421939491043792013-04-13T14:03:00.000-05:002013-04-13T14:09:12.789-05:00Three Charts<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9KzyVAbvtFcoNeC77KsKhxqHHI0cexKzzMP0orPFxXLYEM6-4_qeuZl23dgVdjK0kXdBA3ItRrD6GLTYwkr4JgaZk000gTG9aARCeMXI63_3svqa3l2fM1_YuWvKX_WC8n-9OeBPwbCNH/s1600/intra_year_declines_and_returns.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="428" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9KzyVAbvtFcoNeC77KsKhxqHHI0cexKzzMP0orPFxXLYEM6-4_qeuZl23dgVdjK0kXdBA3ItRrD6GLTYwkr4JgaZk000gTG9aARCeMXI63_3svqa3l2fM1_YuWvKX_WC8n-9OeBPwbCNH/s640/intra_year_declines_and_returns.png" width="640" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhiM3fUJEEpKdRJOppNdj-Cpv85B5lizFjQUxgVSjfntadfJ-AQebh5pmt17bFTn2X571Ukme7jl_lr4KsJdpa2txgz1zKIJ7O0RoTOB3VxdDpDrIS8u8n3ilRGwbv5OMQHLFp6OInXoDR0/s1600/bubblechart.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="428" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhiM3fUJEEpKdRJOppNdj-Cpv85B5lizFjQUxgVSjfntadfJ-AQebh5pmt17bFTn2X571Ukme7jl_lr4KsJdpa2txgz1zKIJ7O0RoTOB3VxdDpDrIS8u8n3ilRGwbv5OMQHLFp6OInXoDR0/s640/bubblechart.png" width="640" /></a></div>
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(<a href="http://people.hofstra.edu/geotrans/eng/ch7en/conc7en/stages_in_a_bubble.html">link</a> to last chart at Hofstra Dep't of Economics)</div>
the inflationista.http://www.blogger.com/profile/06967310697923693725noreply@blogger.com