Give recession a chance. That’s all I’m asking from you.
Earnings are in freefall, fucked faces. BEHOLD.
Pre-tax earnings probably fell 9.5 percent in the fourth quarter from a year earlier, after dropping 5.1 percent in the third, according to economists at JPMorgan Chase & Co. in New York. That would be the biggest decline since the 31 percent free fall in the closing months of 2008 during the height of the financial crisis.
Profits last quarter probably were unusually depressed by a $20.8 billion penalty payment by BP Plc to settle claims over the 2010 oil spill in the Gulf of Mexico. But even after stripping out that one-time charge, earnings likely still fell about 5 percent, by JPMorgan’s reckoning.
According to the eggheads at JP Morgan, an earnings downturn of this magnitude has led to a recession in 90% of the times, inside of 3 years. Moreover, the problems are more systemic than the media would lead you to believe. The weakness isn’t just isolated to the bedraggled energy sectors. As a point in fact, wages have been increasing at the same time productivity has decreasing–compressing margins like batter in a waffle press.
If you enjoy the content at iBankCoin, please follow us on Twitter“With wages picking up but productivity growing in slow motion, margins are likely to continue their declines, which have historically signaled an expansion near its end,” JPMorgan economist Jesse Edgerton wrote in a March 21 research note.
It would be laughable if it wasn’t so sad…but you don’t “solve” the credit crisis is 2008 by adding more debt. In 2008, total debt worldwide was $80 trillion. It’s now $100 trillion. Add to that a notional derivatives market of $555 trillion and what do you get? Problem solved. No, this next crash will be the worst EVER.
*Credit Crisis of 2008*
The Fed and the CBs have no idea how to exit this death spiraling strategy they’ve embarked on years ago. This will not be a pretty ending.
A crash will make me bullish again on stocks. That’s the way it works, my poor trading friend.
What permabears said 5 years ago. Of course only to be shussed. I disagree they had-no-idea. Even when we offered that they were the majority/primary contributors to 08 whilst claiming everything was manageable and sound leading up to, yet you all allowed that failure of credibility or revealing of incompetence to be doubled down!
(p.s. i believe the boombust crashes are basically by design, because the logic heavily leans so. regardless what i just stated. duh they know what they’re creating. they know what they created.)
Why no cratering yet. Cause they completely usurped and shackled intraday and futures trading. Doesn’t matter the outcome doesn’t change it’s just fucking in frozen carbonite
ZeroHedge, jr or perhaps the 3rd. See you at 2200!
Outlander is a treasure trove of hilariousness. Nice pic.
Welcome to all Devil Dogs.
BRING ME MY WAFFLES.
This wasn’t a normal recovery and I suspect it won’t be the normal recession. Prepare for the worst and hope for the best.
I was commenting about this a couple of threads ago but I guess folks have left that thread.
Will someone explain to me what it means to Right Wingers to say about terrorism “Don’t call this a criminal justice issue, rather than a war?” It obviously does not meet the traditional definition of a war in the sense of an armed conflict between the military forces of 2 or more governments of specific nations and confined within their borders. Because that is not what terrorism is.
But you folks are not using this as a matter of defining terms. Are you using this as a way of saying what solutions to the problem of terrorism are recommend or prohibited? E.g. if I label something a “criminal justice issue”, that does not mean to me that my country can not revise its criteria for admitting immigrants into the country who may be criminals or may be preparing to commit criminal acts. Does it mean that to you?
Government of ISIS/ISIL Sharia law. The most successful terrororist group in history has a whole fucking country now in the sand dunes of the ME.
Who cares if you recognize their sovereignty. Without the nukes, who truely recognizes Isreals sovereignty? does Russia care about soverenty?
This is a war against the Ak47 toting gucci flip flop sand bandits
*** back to markets***
What country do they have? You must mean parts of countries. In looking through the news, I am not seeing any country that they completely control. Or are you calling whatever sand dunes they hide in, inside of other people’s countries, their country? To me, a real country has exact boundaries and a government that governs it as a whole.
Not that it matters. What matters is how to solve the problem. I wonder why is joining a violent gang type of group such an attractive idea to so many young Muslim men? Maybe there is something else they might become attracted to instead, something more constructive. Young people have perhaps always joined gangs, but usually not ones this murderous. How has that problem been solved when it has been solved?
Chuck just answered me on the other thread and had some good questions, about how do they get all these weapons and how is it that we allow them to get rich off of stolen oil.
Isis was a CIA/NATO/US shadow gov creation. You guys were all shouting conspiracy theorists yet, if you had been aware, (valueing our assertions), everyone calling it out, they wouldn’t have been able to get away with it so easy. But you come complaining and investigating too late, when as you say all of a sudden they have a whole sand dune country.
Okay frog. You want to know what again? Why fuckhead psychos that kill for a fairy tale excuse sent by Satan are not normal criminals? Seek help child. Do some drugs.
It is not a “right wing” thing. It is a human thing kid.
They haven’t noticed that all we do is lose wars now.
Credit cycle died shorty after QE finished.
lol. Nice recovery. Seriously.
CNN reporting. They are trying to identify some of the victims of Brussels. Fucking identify. They are in tiny little pieces. Europe is fucked as a place to go. Long Latin America.
Seriously. Secular shift in travel. It is over growth wise for Europe tourism. It is a fucking hell hole now. Argentina Cuba Colombia Brazil etc etc. No fucking bad guys.
Ya think that’s why Branson is looking to sell VA?
I think we all, conservatives, progressives, independents etc. need to put our heads together and figure out what we think is causing this terrorism and how to stop it.
Chuck answered me on the other thread, a few threads back, and had some good questions, about how do they get all these weapons and how is it that we allow them to get rich off of stolen oil.
I wonder why is joining a violent gang type of group such an attractive idea to so many young Muslim men? Maybe there is something else they might become attracted to instead, something more constructive. Young people have perhaps always joined gangs, but usually not ones this murderous. How has that problem been solved when it has been solved?
My friend in Seattle, Victor, just emailed me his proposed solution to the problem of terrorism. I will post it below. What do you folks think? If you don’t like it, what is your alternative solution.
You may say, why do we need to worry about this? The government should study it and take care of it. But who trusts the government nowadays? I think the government is more trustworthy than most people give it credit for in most areas. But international relations has not often been one of those areas.
E. g. we all remember the lie from G W Bush about the supposed weapons of mass destruction in Iraq that got us into the disastrous bloody expensive Iraq War, the chaotic results of which we are still experiencing today.
And Lyndon B. Johnson kept us in Vietnam and kept us using our same our disastrous strategies there, because he flew into a rage at the bearer of bad news every time someone brought him bad news about the Vietnam War. If you “kill the bearer of bad news”, physically or symbolically, then pretty soon, no one is willing to bring you bad news. And so you are ill informed and you don’t know WTF you are doing.
So we, the public, need to figure out what’s going on and what to do about it and pressure our supposed public servants to do the right thing. We can’t always depend on our leaders to figure things out for us and to act effectively.
Here is my friend Victor’s solution that he emailed me today:
“In my opinion the real solution for both of issue of extremism and domination is a large Marshal Type Plan for the Middle East that focuses on serious attempts at democratization along with a major program of education and economic development of both men and women. This will take years or decades to accomplish but even initial efforts will begin to provide hope to the underclass in the Arab Countries that extremism is not the only path to a better world. Also moving the world away from the oil standard and towards a renewable energy standard can take away one of the biggest causes of the conflict while creating millions of new jobs, and provide a major additional benefit in delaying Climate Change. I am open to a better solution.
“What would you recommend?”