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Genesis Posts: 71435 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/1223-G....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-07-16 08:43:16
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Coaster Posts: 193 Incept: 2008-07-25 Maine
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So much for the holiday surge. http://www.lbpost.com/ryan/6027 Port Traffic Declines In June After Hopes Of Improvement by Ryan ZumMallen | Long Beach News | 07.15.09 | Container traffic moving through the Port of Long Beach fell in June after encouraging months in April and May, recently released statistics reveal. Traffic fell by 2% between May and June during a period when traffic typically experiences a surge due to increased shipping in preparation for the upcoming holiday season. Traffic this June represented a 28.7% decline compared to June of 2008. Similarly, in the first six months of 2009, traffic numbers have hovered around a 28% decline compared to 2008. June statistics remain consistent with 2009 statistics, but insiders had predicted continued improvement this month. Some are predicting that the low totals for June signal a lack of confidence in the 2009 holiday season. A clearer picture will be available when the Port of Los Angeles releases their June figures, which is expected to occur soon.
2009-07-16 08:45:35
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Ldog Posts: 185 Incept: 2009-06-11
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Nice work. The only way to gauge the landscape is with the Non-BSable data. Everything else is a Bulltard patty.
2009-07-16 08:57:42
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Baja Posts: 77 Incept: 2009-06-03 Outback Texas Banned
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Yes, one must dig into the financials to find the truth, and even then one cannot be sure. With banks, for example, it is an exercise in futility since the FASB capitulated on mark to market. I still think the bond market matters more in terms of economic policy than stocks, and TLT and TNX are heading the wrong direction again, at least as far as the central bankers are concerned. This will need to be fixed and it will be fixed....it's just a matter of when. I would also recommend that your readers take a look at Bill Bonner's excellent piece at LewRockwell.com this morning. The comments about QE made me laugh. So true.
2009-07-16 08:57:52
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Jubber Posts: 4242 Incept: 2007-07-05 
UK
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http://www.lewrockwell.com/bonner/bonner.... love this "But Chris Mayer believes that “the problem with the deflation arguments long term, it seems to me, is that you are betting against a government’s ability to destroy its own currency. Governments are seldom good at anything, but one thing they are undeniably good at is destroying their own currencies. " ---------- "War is God's way of teaching Americans geography." Ambrose Bierce "The Emperor realized that the people were right but could not admit to that. He though it better to continue the procession under the illusion that anyone who couldn't see his clothes was either stupid or incompetent." Hans Christia Last modified:
2009-07-16 09:23:26 by jubber
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2banana Posts: 168 Incept: 2008-02-25
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All is well, the stock market went up 235 points yesterday! CNBC told me that the end of the recession is at hand. Earnings are way up at GS. Soon this silliness will end.
2009-07-16 09:19:44
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Guyfawkes Posts: 352 Incept: 2008-09-19 Texas
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....
---------- It's still "We, the People".....right? Last modified:
2009-07-16 09:43:37 by guyfawkes
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Berkleyreindeer Posts: 560 Incept: 2008-07-22 Minneapolis , MN
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revenue down 27% at harley. nothing to see here, keep moving!
---------- It'll get worse. Just wait.
2009-07-16 09:52:55
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Future_shock Posts: 1143 Incept: 2007-10-16
Texas
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I have the same question Tesla. What is being produced to fill the void so that we have essentially nearly flat GDP?
2009-07-16 09:57:51
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Bsaxberg Posts: 112 Incept: 2009-07-04 North Dakota
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Future_shock.... what is being produced comes out of the back side of a cow. :-D
2009-07-16 10:19:44
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Otiswild Posts: 1341 Incept: 2009-03-09
Teegeeack
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There was a diesel inventories URL I posted a week or 2 ago which portended this, apparently they're unusually high, though I haven't seen a whole heckuva lot of relief at the pumps (surprise surprise).. Ah, I think this was it: http://www.bloomberg.com/apps/news?pid=2.... Quote:July 1 (Bloomberg) -- Supplies of diesel, the fuel that powers heavy trucks used to move goods across the U.S., rose to the highest in at least 16 years this month, as manufacturing inventories climbed, signaling a need for fewer deliveries. ---------- It appears that the yard wolves has grown up. Are we finally finished with the colds dead winters?
2009-07-16 10:19:49
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Seriousslacker Posts: 68 Incept: 2008-09-30
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Now that the recovery hasn't officially started in the 2nd half of 09, it is moving down to the 1st half of 2010. Perhaps when it doesn't start in the 1st half of 2010, people will start to notice that the green shoots aren't really there. But I'm certain that the spin will be that just wait until the 2nd half of 2010, and everything will be fine, and if not then, 1st half of 2011, for sure, maybe!
2009-07-16 10:53:51
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Photopro Posts: 372 Incept: 2008-03-18
Republic of Texas - got .308?
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Jubber- That is so true except that our banks own our .gov and they aren't going to destroy themselves.
---------- It is very dangerous to be right when the government is wrong. — Voltaire http://www.RxSaveMoney.com
2009-07-16 11:41:15
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Bsaxberg Posts: 112 Incept: 2009-07-04 North Dakota
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Photopro....I never bet against MAD (Mutually Assured Destruction)
2009-07-16 11:44:09
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Laura Posts: 3153 Incept: 2008-05-05
Florida Space Coast
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Historically, Jubber's take is:Quote:"Governments are seldom good at anything, but one thing they are undeniably good at is destroying their own currencies. " ---------- ---------- Karl's just a shill for Big Math. 1LumpSum Honey, where's the AK ? Tyler Durden My Ford focus can get me from point A to point B just as good Tigger's Cadillac. And my back door window is not broken. Mliu
2009-07-17 03:28:34
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Jubber Posts: 4242 Incept: 2007-07-05
UK
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that's not my quote, its from the article.... but its very good isn't it
---------- "War is God's way of teaching Americans geography." Ambrose Bierce "The Emperor realized that the people were right but could not admit to that. He though it better to continue the procession under the illusion that anyone who couldn't see his clothes was either stupid or incompetent." Hans Christia
2009-07-17 06:29:27
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Jslique Posts: 101 Incept: 2008-07-28
Melbourne
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I noticed a change in mood by our press here in Aussie after the G20 meeting the same time as Green shoots appeared. Many politicians still think this is a crisis of confidence and im sure some sort of pressure was applied to the msm to talk up the economy. Our normally neutral ABC programs stopped interviewing people like Peter Schiff and Mark Faber. Now we get mostly pump jockeys every night. I know tin foil ish but the medias attitude to reporting this financial crises changed very quickly to the glass half full mode. At least I am prepared for the worst many will not be.
2009-07-17 07:23:32
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Magnus Posts: 96 Incept: 2009-06-04 Sweden
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My impression of the public mood in Sweden is that the recession is blamed on other states ****ing up and manny recognice that we are hurt since they dont buy as much of our investment goods and raw material based export goods. Our economy is to a large degree dominated by the export industry and trade surplus and the intrenational breakdown then led to a depreciation of our currencys value of somewhere between 10-20%. This made everybody poorer but it might allow a lot of our industries to survive to the next cycle. Myself I dont know much about the intricacies of economy and got a little ****ed that our currency faired so poorly when we ran our government with a healthy surplus, only a few municipialites were out of countrol debt wise, taxes were getting lower although from a wery high level, people in general were taking up a lot of credits but far from as bad as in the USA but it seems like the corparate debt were large and we were handling the high oil prices ok with massive investments in efficiency and long term stable energy production. Seems like we had our house in order but when it started burning in the village the flock seems to have run away to take cover in the familiar burning barn, the dollar. We do at least have enough reserves to keep all the infrastructure, science, technology development and environmental programs running and the governmnet cut backs have not been to bad. Manny industries are laying off but some have enough finansial muscle to contine investing now when the costs are going down and some are even hiering right now. The public has focused on the problems for the US owned car industry with Volvo and Saab and the left wing opposition has been very critical to our government not givng Saab (GM) a bailout. Bailout and stimulous funds are being used when they have a good chance of giving technology dvelopmnet or new salable products and Saab might get money soon if the new owners can show that the company now has a future. One significant financial company, Carnegi, has gone bankrupt or rather failed to live within the regulation margins by givig out bad credits and it were bailed out by the governmnet. The owners were wiped out and the company given enough money to funcition and then it was sold with a reasonable loss, I think t were sold for about 80% of the bailout cost with a provision to repay the 20 % if it becomes profitable within a few years. Its generally assumed that any failed bank will be handled in the same way. Our government has not tried to sweet talk us out of the recession. Our financial minister has repeadetly said that it might get worse and that we must continue to save financial assets and funds to have them available if things get worse. We have gotten no assurances that the crisis is solved but they have of course been happy about the sectors in our industry that has recovered a little this summer. We are also getting a recovery in the housing industry work force due to tax breaks on renovations and energy efficiency investments in the housing stock. Our house prices have not crashed so far but the market is no longer overheated in our largets cities, 10-20% lower prices on top of several years of hgher prices dont seem serious for a layman like me. The worst credit problem so far is that most of our major banks has lent out enormous sums in our neighbouring baltic countries Estonia, Latvia and Lithuania where it has given a consumption and building boom with questionable long term value.
2009-07-17 08:13:56
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Kwl88 Posts: 304 Incept: 2009-04-16 KC, MO
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Jslique, I thought Australia was actually not experiencing ANY kind of recession?! Geez, and I was thinking that's where I might move the whole family.........Gee, where to move to when the USA economy goes  How's New Zealand doin' with their economy?!?!?!
2009-07-17 14:12:05
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