October 30, 2009 by John Galt From demotivatorsite.com comes the only appropriate answer to Mr. “Buy Bear Stearns at 32″……
Monthly Archives: October 2009
Housing Vacancies Q3 2009 Report
by John Galt October 30, 2009 Even though the Bubblemedia might have you believe that all is improving with the housing market, unless there’s a whole lotta birthin’ going on, we’re in some serious trouble with 18, 843, 000 vacant homes per the latest Census Bureau Report for Q3 2009(PDF File). As you can see below, the raw numbers do not look that bad at first glance: That chart, for those who wonder is direct from the report. When you start to review the historical…
3 Things about Q3 GDP That Make you go Hmmmm
By John Galt October 30, 2009 I’m often told that I blabber too much and don’t let the facts speak for themselves. Well, too bad, I’ll blabber less though and let three key figures do the talking from today’s BEA GDP report. 1. Durable Goods/Non-Durable Goods Basically we are still below the quarter when the recession started. As many love to say on the financial media only to be shouted down, this is a “Statistical” recovery as this chart and the next two shall bear…
USD $/IMF SDR Valuation 10/29
From IMF Website: 10/29: $1.00 U.S. = 1.58723 IMF SDR 10/28: $1.00 U.S. = 1.58710 IMF SDR 10/27: $1.00 U.S. = 1.58987 IMF SDR 10/26: $1.00 U.S. =1.59566 IMF SDR 10/23: $1.00 U.S. = 1.59732 IMF SDR 10/22: $1.00 U.S. = 1.59670 IMF SDR
USD $/IMF SDR Valuation for 10/28
From IMF Website: 10/28: $1.00 U.S. = 1.58710 IMF SDR 10/27: $1.00 U.S. = 1.58987 IMF SDR 10/26: $1.00 U.S. =1.59566 IMF SDR 10/23: $1.00 U.S. = 1.59732 IMF SDR 10/22: $1.00 U.S. = 1.59670 IMF SDR
A Quick Commentary on Today's Case-Schiller Report
by John Galt October 27, 2009 The report today was hailed as good news by the MSM but as usual, the lack of in depth analysis when the initial announcement was made thanks to American’s attention span and the depth of the problems reflected within these reports says much, much more. First, the housing index reflects an approximate return to September 2003 prices not seasonally adjusted: The key aspect of this report that should catch everyone’s attention is that the declines may have a seasonal…
USD$/IMF SDR Valuation
From IMF Website: 10/27: $1.00 U.S. = 1.58987 IMF SDR 10/26: $1.00 U.S. =1.59566 IMF SDR 10/23: $1.00 U.S. = 1.59732 IMF SDR 10/22: $1.00 U.S. = 1.59670 IMF SDR
10/26 USD $/IMF SDR Valuation
From IMF Website: 10/26: $1.00 U.S. =1.59566 IMF SDR 10/23: $1.00 U.S. = 1.59732 IMF SDR 10/22: $1.00 U.S. = 1.59670 IMF SDR
USD $/IMF SDR Valuation 10/23
From IMF Website: 10/23: $1.00 U.S. = 1.59732 IMF SDR 10/22: $1.00 U.S. = 1.59670 IMF SDR 10/20: $1.00 U.S. =1.59735 IMF SDR 10/19: $1.00 U.S. = 1.59383 IMF SDR
USD $/IMF SDR Valuation 10/22
From IMF Website: 10/22: $1.00 U.S. = 1.59670 IMF SDR 10/20: $1.00 U.S. =1.59735 IMF SDR 10/19: $1.00 U.S. = 1.59383 IMF SDR
You're Reading Assignment Tonight Courtesy of the RGE Monitor
October 21, 2009 A must read: The Snowball of Derivatives: The Specter of a Second Black Swan
Feeling Poor? You should, you're pay has been FLAT for 9 years
by John Galt October 21, 2009 EDIT 10/21 1730 ET: Well, this is what happens when yours truly is overdosed on cold medicine, gets two hours of sleep and can not think clearly. My apologies to my readers and I’m man enough to admit it: I screwed up. The first chart NOW reflecting the current report in 2009 dollars will make much more sense than the 5 a.m. presentation. Shoot me, please, as I am infested with the “Swine Cold” and my brain can not…
Prepetorial #24: Patriot Sam
by John Galt October 20, 2009 Marta was settling down into her worn out sofa in the family’s modest one bedroom trailer home enjoying her afternoon of Oprah and Dr. Phil while periodically yelling at her two young daughters to “do their homework and quit playing on the Internet.” At exactly 4:38 p.m. this day there was a loud violent clacking on her door. The entire trailer shuddered as the door burst open and six men dressed in black with guns pulled screamed at the…
US DOLLAR ($)/IMF SDR VALUATION 10/20
From IMF Website: 10/20: $1.00 U.S. =1.59735 IMF SDR 10/19: $1.00 U.S. = 1.59383 IMF SDR
IMF USD ($) SDR Valuation for 10/19/09
From IMF Website: $1.00 U.S. = 1.59383 IMF SDR
The Numbers Don't Lie: There is No Christmas for Retailers or Obamanomics
by John Galt October 17, 2009 If it is not coming into port, it’s not going to be on the store shelves. When you seriously start to review the information on business inventories, port activity and rail movement reports it tells the tale the mainstream media will not dare tell anyone: That this is nothing more than a financial and statistical recovery. It is nothing more than attempt to try a new twist on an old failed theory that by making people “feel” good the…
What does the Arab Bloc know that the Sheeple don't?
By John Galt October 17, 2009 From the Gulf Daily News in Bahrain: Gulf monetary union on track “Al Attiyah also said GCC ministers are working to accelerate the region’s economic integration. He added issues covered would include a customs and monetary union, a common market, and a joint railway project.” Hmmm, a monetary union. But Mr. Fisk’s article a few weeks ago was dismissed by these same ministers. While the sheeple fawn over our Messiah in Chief as President and spend their days watching…
Time to Revisit the Dow Priced In Dollars that Mattered
By John Galt October 15, 2009 The one thing that is fun about data is that when people find abstract ways to apply it to reality. Everyone who reads these pages probably looks at the DJIA priced in gold but let’s revisit one of my favorite charts, the DJIA and GE priced in the good old greenback. We’ll review the DJIA in current dollars, 1967 dollars (gold standard) and 1982 dollars (when Reagan ruled) and analyze just how much we have debased our currency and…
Dear Rush: Ram them Back
by John Galt October 15, 2009 Dear Rush, I know you are upset. I could tell in the fervor of your voice yesterday that the race hustlers and media whores had finally gotten to you a wee bit because they attacked your desire to invest in a sport you have loved all of your life. I noticed the headlines everywhere like “Rush Limbaugh Ousted From Group Bidding to Buy St. Louis Rams” from Bloomberg where they quoted the racist Al Sharpton saying: “It is a…
Retail Reality: Ignore the Media, Read the Raw Numbers
By John Galt October 14, 2009 Did ya hear the good news? Retail sales were much better than anticipated. Of course the fact that the prior month was revised downward by 0.5% was missed by most as the MariaBartiromogasms over Dow 10,000 blotted out anything that almost anyone had to say about oh, uh, reality, ya, you know, what is really going on. Thus I present the raw data from the past month’s report so exalted by the almighty Bubblemedia this morning: Needless comments at…
Here Comes the Early Snowjobs: CSX and the Bubblemedia Spin
by John Galt October 14, 2009 CSX shares rise on hopes that recession is over (AP-October 14) CSX posts lower profit, offers upbeat take on future (MarketWatch-October 13) Ward: CSX will rebound with economy (BizJournals-October 14) CSX Says Recession Over; Stock Surges (TheStreet.com-October 14) CSX Beats Wall Street Expectations; Shares Rise (CNBC.com-October 13) Just a sample of the headlines and how the Bubblemedia and MSM are all dying to insure that they find the remaining suckers and bleed them dry. The “hopes” that the recession…
The Next Wave is Crashing Silently on the Shores
October 13, 2009 By John Galt The next wave of problems is quietly crashing on top of our collective heads but the MSM, especially the Financial Bubblemedia will not cover this nor make you aware of what is happening. The rating agencies, already under fire and being threatened with a Congressional extinction event, are quietly downgrading RMBS for Alt-A and Option ARM series which reflects the reality of what is happening in the real markets. As these downgrades increase in voracity and volume, the eventual…
The Insanity of the October 6 News and Precious Metals
By John Galt October 7, 2009 The evening started last night with The Independent breaking a story which has been covered and rehashed in the past by yours truly with some new twists. The news that the Gulf states, Saudi Arabia, Russia, China and France were working on a new alternative currency for the purpose of diminishing the dollar’s role as the standard bearer for pricing oil created a massive stir but not to the extent that one would think. Granted, precious metals made a…
Gone Fishin…
I’ll post a quick piece about today’s insane action but after tonight I am heading south to try one more time to catch the elusive big one…. Until Saturday or Sunday have a good one gang and keep the end of the world on hold until further notice! John
An Exhausted Nation Cries for Help
by John Galt October 2, 2009 As the empty homes and farms become a blur throughout my drive across the middle of Florida I notice the little things that tell me that our society, our people, our nation is tired, beaten and worn down after a decade of incompetence, conspiracy, criminal activity and an almost surreal level of wealth extraction and destruction. From every other cyclical down turn our nation had a moral compass that allowed us to rebuild, restore and renew our system yet…
Thank you Obama Deists: I've Solved a Commandment Dilemma!
by John Galt October 1, 2009 Remember this story? Religious Left Mock Prayer to Obama for Universal Healthcare Yes, that’s right, I know they were not serious; uh, well, maybe the commies were, but heck, I’m not a freak so I do not know what is inside their mindset. This little ditty though is just to put a smile on your face as I’ve solved that one commandment that every now and then some of us violate without thinking and almost hourly if we play…
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