Poof. Your bullshit inflation is gone.
–Merlin, CPI data gatherer
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Joined Nov 10, 2007
23,419 Blog Posts
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Abra cadabra…I command you to spend, spend, spend.
Life’s been good to me so far.
Thanks, I needed that!
Is Merlin from your “Dungeons & Dragons Roleplaying Game” I knew it.
USA USA USA how bout a run to 15,000 …Tune in to Fast Money for our special 3 hour presentation of DOW 15,000.
Off to work……Cold Calls Hard Cold Calls
apparently the gov’t figures agree. They show gasoline falling 2% in April.
Come on… you knew the numbers were going to be good; when was the last time it wasn’t?
Ohhh…Motor fuel down 1.9% and gas down 2.0% ehh?
What the fuck!? ……… LIARS!
All have a few good trading days. Off to Chattanooga for the NCAA Mens Golf East Regional.
You know, it’s often taken for granted, maybe even with a roll of the eyes, that the gov’t is lying.
But this is egregious. How in the hell could they expect anyone to believe that gas is down in price?
It’s $4.00 here this morning! I can’t imagine what it is in California….
Poof. I just paid $4.39 for premium.
I just saw $5.10 for diesel…
-DT
I’m in awe of the sheer magic of government statistics. Too bad it doesn’t jive with the reality of life, nevermind that, this is clearly bullish. Go Paulson, go Paulson…
Yeah, and gas hit $4 a gallon for the first time this week in my small town. Nothing to see here!
Alias: BPOE
The numbers are starting to look like Erection year numbers. Dow to 15000. Unemployment at 6.6%. Gas at $4.00.
No inflation. Fuckers can’t even run the market right. Keep some cash handy for after the election.
Alias: BPOE
Like I said: RCH
God I am glad steel prices are not inflating, was worried Merlin might say that.
Bot (sic) gas in Oceanside CA for $3.93 per gal on Saturday
Conspiracies are not always theories
ie – the government releases non-inflationary data to get the price of gold lower, in order to buy the precious metal to hedge the sinking dollar
CALM has cleared resistance yielding a technical target of 39-41
AAPL looks to be running outta gasoline.
Short any moves higher from here.
Resistance – Part IV
FUCK THE NEWS – DOWN WE GO
THE ONLY CAUSE FOR INFLATION IS THE PRINTING OF MORE MONEY
**they can’t pull this shit much longer
the stock market and economy do not correlate as CNBC says
SUCK A TITTY
–> new website up – developed
Merlin is my puppet and errand boy.
TSO is on fire. X is going to 300, everyone knows steel will go to 2000 a ton.
With gas headed to 5 smackers, retail is up strong across the board.
This is my kinda world!
George Castanza: Higher gas prices and steel prices are good for retail. Just buy it blindly. Time to get drunk and buy stocks.
Bought 20K SMN @ $28.40.
LNN looks good here.
PWRD – sold @ $30.1 (from yesterday)
It’s a little know fact that I cut a deal with the government to calculate the inflation data in return for a reduced sentence. It’s a big job, and I can’t do it alone, so I recruited Jeff Skilling and Dennis Kozlowski to help.
Gas is “down” 2% because it only went up 5% during the month.
The seasonal adjustment model assumes an increase of about 7%.
Did I miss the 15% increases in gas prices back in the months when the seasonal adjustment model assumes a decrease in prices? I guess that was back when the energy and food costs were dismissed in a half-sentence near the end of the news reports.
Why The Government Says Gas Prices Were Lower In April
By:Bob Pisani
The government reported that gasoline prices in April were down 2 percent when “seasonally adjusted.” How could this be, when we know prices went up at the pump?
Here’s how it happened:
1) The actual increase in gasoline prices was 5.6%.
2) But the government statistics indicate that gasoline tends to rise by 7.6% in April.
3) But because they rose less than that–5.6%–gasoline was reported to be down 2 percent “seasonally adjusted”
It has to do with the phrase “seasonally adjusted.” The government adjusts numbers to remove the impact of regular events that occur at the same time every year–like increases in gas prices in April, or the effect of cold weather on housing starts.
There is nothing nefarious about this–the question is whether the “adjustments” are fair and accurate.
Bob P and Ottnot —
Thanks for the explanation, as I was sure I was through the looking glass this morning.
Here’s the problem with the govt’s bullshit: A “7.6%” seasonal adjustment on $2.00 gas (or more likely $1.50 gas, historically speaking) is still FAR less than a 5.6% increase on say… $3.60 gas.
The law of large numbers will save the gummint, when they announce that $10.00/gallon gas has only risen 3%…. a victory!