ALL BLOG POSTS AND COMMENTS COPYRIGHT (C) 2003-2014 VOX DAY. ALL RIGHTS RESERVED. REPRODUCTION WITHOUT WRITTEN PERMISSION IS EXPRESSLY PROHIBITED.

Tuesday, March 05, 2013

The new Dow high

Courtesy of Zerohedge:

  • GDP Growth: Then +2.5%; Now +1.6%
  • Regular Gas Price: Then $2.75; Now $3.73
  • Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
  • Americans On Food Stamps: Then 26.9 million; Now 47.69 million
  • Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
  • US Debt as a Percentage of GDP: Then ~38%; Now 74.2%
  • US Deficit (LTM): Then $97 billion; Now $975.6 billion
  • Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion
  • Gold: Then $748; Now $1583
However, this is the number I find most significant:

Total Credit Market Debt Outstanding: Then $50 trillion; Now $55.3 trillion.

October 2007 was the last quarter before Z1 fell below 2 percent quarterly growth for the first time in sixty years.  The numbers above reflect the heroic efforts required simply to lift Z1 by $5 trillion when the simple continuance of the 60-year average credit growth would have had it at $77.9 trillion.

It is also interesting to note that the price of gold doubled in the six years that the Dow remained flat.

Labels:

49 Comments:

Anonymous Josh March 05, 2013 1:05 PM  

Has the papering over of private market debt deflation gone on longer than you anticipated it would (or could)?

Blogger JohnG March 05, 2013 1:13 PM  

The holy grail would be knowing when it has to collapse. Looking at Japan, it seems that bad policy can be dragged out forever and ever.

Anonymous JartStar March 05, 2013 1:16 PM  

USA Today had an opinion piece yesterday about how the Fed's actions are not going to end well with equities, but I have no idea of how they can exit now without a crash. Unbelievably the editorial actually supported an exit and crash now rather than a larger one later.

Anonymous Godfrey March 05, 2013 1:21 PM  

@Josh March 05, 2013 1:05 PM

Has the papering over of private market debt deflation gone on longer than you anticipated it would (or could)?


Hell yes.

Anonymous Porky. March 05, 2013 1:38 PM  

Jim Cramer said the US will solve it's budget problems in 2013 so relax everybody and go buy a new tv.

Anonymous Stilicho March 05, 2013 1:42 PM  

USA Today had an opinion piece yesterday about how the Fed's actions are not going to end well with equities, but I have no idea of how they can exit now without a crash. Unbelievably the editorial actually supported an exit and crash now rather than a larger one later.

CNBC had Druckenmiller (who is about as mainstream as it gets in the fund management world)on as a guest and he was actually talking about the Fed's actions in Austrian terms, referencing false signals, malinvestment and bubbles.

Will wonders never cease...

Anonymous FUBAR Nation Ben March 05, 2013 1:47 PM  

OT: You have to check this out
http://www.campusreform.org/blog/?ID=4646

I wonder how the feminists will take this.

Anonymous Josh March 05, 2013 1:50 PM  

Was PZ's daughter involved with that Yale seminar?

Anonymous sprach von Teufelshunden March 05, 2013 2:02 PM  

Someone here mentions Japan. It is more important to be concerned with China:

...the new leadership of the People's Republic of China, which is on the verge of a major depression, is poised to flood the world currency markets with Chinese Yuan while simultaneously buying Japanese yen.

The Chinese government is now on a major collision course with the crooked U.S. Fed and the corrupt Central Bank of Japan.


What shoe is next to drop? Who knows. Only those on the inside know for sure. I would say, to get a feeling for what may be about to happen, (as if it is not already in motion, so to speak) listen very carefully to the words here spoken by Former National Director of Intelligence, Leo Emil Wanta [1] ...




------------
[1] Source (It is important to click on his name here, and read attached article.)

Excerpt: [a most important one]

Wanta knew dozens of the highest classified operations in US history, knew every Pentagon official including much highly detailed personal information. To our top Army intelligence officer, we were able to confirm that he was, unquestioningly, working for years at the highest levels of US intelligence.

One wishes to understand finance and monetary policy, both domestic and foreign, one has to come to full terms with international intelligence operations...

Anonymous James May March 05, 2013 2:06 PM  

There is no correlation between the DOW and the health of our economy. Stocks are a con game with Las Vegas style rules where one can legally raid 401ks with immunity.

How in the world did Apple go from $250 to $80 during the panic of '08 when it was a completely healthy and heavily capitalized entity? Who had more cash on hand than Apple at that time? Knowing this was idiocy, I bought Apple at 80, all I could afford.

Liberals who cite the DOW are idiots. Why not cite this: 8% 8% 8% 8% 8%. That's what you got when you voted Obama. The main idea of his campaign consisted of calling the other guy racist and mumbling bawdy limericks about Marxism.

Liberalism is a suicide cult of naive children. Black folks voted by skin and racial self-interest to the tune of 95% while accusing the other side, who did no such thing, of doing the same thing.

Meanwhile Dems are importing the entirety of the Third World, having declared everyone in it de facto American citizens, and who will that hurt the most? The people who are the exact opposite of the meritocracy of Ray Bradbury who educated himself by going to the library several nights a week from the age of 17 to 27. That's where he wrote "Fahrenheit 451."

If Bradbury had said, "Someone gimme a job" while listening to psychopathic music and whining about "privilege" while wearing $200 sneakers, no one would ever have heard of him. That's why Obama doles out "happy-pensions" to shiftless derelicts. And trust me, you'll never hear about them other than in the crime section, 3 sports and as their enclaves like Detroit collapse around their heads.

Anonymous Josh March 05, 2013 2:10 PM  

What shoe is next to drop? Who knows. Only those on the inside know for sure. I would say, to get a feeling for what may be about to happen, (as if it is not already in motion, so to speak)

What about those protocols that were supposed to happen? Wasn't Geithner going to be arrested or something?

Blogger Nate March 05, 2013 2:19 PM  

I hate it when Vox resorts to speaking the Gibberish Language of the Retards.

Blogger Nate March 05, 2013 2:27 PM  

Rainbow Unicorn Fairy Dust Growth: Then +2.5% Now +1.6%

US Debt as a percentage of Rainbow Unicorn Fairy Dust: Then 38% Now 74.2%

OMG!

(This comment was brought to by Austrian Economics which teaches that there is a nasty thing called Mal-Investment that is impossible to account for in any broad production estimate and therefore such estimates are total bullshit. Thanks.)

Anonymous Josh March 05, 2013 2:45 PM  

I hate it when Vox resorts to speaking the Gibberish Language of the Retards.

I think the point is that Keynesian economics is failing even by its own standards.

Anonymous Jack Amok March 05, 2013 2:47 PM  

This comment was brought to by Austrian Economics which teaches that there is a nasty thing called Mal-Investment that is impossible to account for in any broad production estimate and therefore such estimates are total bullshit. Thanks.)

This comment inspired me to launch a new company: Mercantile American Liquidity Investments LLC. Lemme gin up a prospectus.

Blogger Nate March 05, 2013 2:50 PM  

"I think the point is that Keynesian economics is failing even by its own standards."

It is vulgar.

Anonymous Jack Amok March 05, 2013 2:58 PM  

I didn't know Keynesians had standards. I thought the whole point was to ignore reality and justify spending imaginary money because it's fun.

Anonymous Crude March 05, 2013 3:02 PM  

Looks like Krugman got smacked around in a debate recently.

http://dailycaller.com/2013/03/05/paul-krugman-takes-on-joe-scarborough-in-all-out-testy-war-of-words-video/

Anonymous Lysander_Spooner March 05, 2013 3:32 PM  

"Vulgar"

Ribald is much more sophisticated.

My Liberated Lass's Liar told me so.

Anonymous Peter Garstig March 05, 2013 3:43 PM  

Vox, where does Total Credit Market Debt Outstanding come from? Am I right that it does not include federal debt?

Anonymous Peter Garstig March 05, 2013 3:46 PM  

Found it

Anonymous JartStar March 05, 2013 4:05 PM  

Looks like Krugman got smacked around in a debate recently.

Krugman is such a freakin' weasel. The "wow" comments fit right into a gamma's inability to lose at anything, ever.

Anonymous Concerned Rabbit Hunter March 05, 2013 4:13 PM  

OT: You have to check this out
http://www.campusreform.org/blog/?ID=4646

I wonder how the feminists will take this.


Whoa, why is the slope slippery all of a sudden?

Anonymous James May March 05, 2013 4:22 PM  

Krugman is not a weasel. He does a spot on impersonation of Dr. Evil right down to the googly eyes and little kitty cat. For this he should be congratulated, not insulted.

Also, he admitted after the debate that he had a "Denver moment" due to the oxygen deficit one suffers from the altitude encountered on the moral high ground and due to overweening arrogance, which is only to be expected.

Then, there is his brain to consider, which is probably only the size of a walnut. Could you get a job at the Times with a brain the size of a walnut? Probably, so I'm not sure why I wrote that.

Anonymous Josh March 05, 2013 4:24 PM  

Could you get a job at the Times with a brain the size of a walnut? Probably, so I'm not sure why I wrote that.

Thomas Friedman is yet another example that you can.

Anonymous James May March 05, 2013 4:34 PM  

That link is great Rabbit Hunter. It shows how brother-sister marriage is just around the corner as the next "civil right" and one must advocate it or risk being on the wrong side of history.

Moronic liberals have already re-labeled prostitution as "survival sex" in yet another nod to their endemic hatred of Orwell's Winston Smith.

However I was encouraged by the fact half the participants indulged in consensual pain since I assume they were all women and there is nothing like a cruel spanking to liven up long winter nights.

I am looking forward to more re-labelings such as a murder as "reverse suicide," "bestiality" as "non-sentient relationships," rape as "Scalzi-ing," assault and battery as a "temporary suspension of morality," sodomy as "close counts in more than horseshoes," and getting your tongue surgically lengthened so you can lick your own hind end as the "Democratic Party."

Anonymous Lysander_Spooner March 05, 2013 4:54 PM  

The kamikaze debt market deleveraging– Total credit market debt balloons to $53 trillion while US households pushed to deleverage. While American household debt has fallen by $569 billion total credit market debt is up $3 trillion.

http://www.mybudget360.com/total-global-debt-market-amount-us-household-debt-deleverage-2012/

Anonymous WinstonWebb March 05, 2013 4:57 PM  

OT:

All of you wigging out about the drones need to just calm down. Everything is under control. Holder himself said "No drone strikes on Americans in US, except in 'extraordinary circumstance'."

See? Only under "extraordinary circumstance".

Relax.

Anonymous Citizens United for Bush! March 05, 2013 5:00 PM  

Jeb Bush for President!

Anonymous Jack Amok March 05, 2013 5:08 PM  

See? Only under "extraordinary circumstance".


"He didn't bow when a Government employee passed by. We couldn't be sure that someone that disrespectful of authority wasn't planning something."

Anonymous stg58/Animal Mother March 05, 2013 5:54 PM  

OT:

HUGO CHAVEZ HAS DIED OF CANCER. THE VAUNTED DOCTORS OF THE REVOLUTION COULD NOT STOP THE CANCER.

ALL BUSH'S FAULT.

Anonymous sprach von Teufelshunden March 05, 2013 6:08 PM  

@Josh March 05, 2013 2:10 PM
What shoe is next to drop? Who knows. Only those on the inside know for sure. I would say, to get a feeling for what may be about to happen, (as if it is not already in motion, so to speak)

What about those protocols that were supposed to happen? Wasn't Geithner going to be arrested or something?


Josh, as Heneghan reports, (re: aforementioned link):

Wanta-Reagan-Mitterrand Protocol implementation remains imminent as U.S. Treasury Secretary Jack Lew, IMF Managing Director Christine Lagarde, officials at Austrian banks and financial officers of the People's Republic of China continue round the clock negotiations reference Protocol implementation.

In previous communiques, Heneghan states that Geithner has been indicted (or about to be) as well as Hillary. Understand, that if one listens to the interview with Wanta, he talks about the outstanding warrant still on Marc Rich (pardoned by Clinton). This is all quite sticky stuff. Best to listen to Wanta talk, and speak for himself. Understand who this guy is:

We talked five times on Monday and four times on Tuesday. We talked only once on Wednesday, the day before I left for Denver. Lee called about 5 p.m. He’d been testifying before a Committee all week – I think by video. Tom Heneghan’s Intelligence Briefing noted that Lee is under the protection of the U.S. Marshals. Heneghan mentioned the name of two Committees, both having to do with national security, about which average people are hearing nothing on television or in the print media.
-- © Marilyn MacGruder Barnewall, January 2012, Americans Wanta Be Free, Chapter 16, Page 378

Barnewall relayed in a previous podcast, the extent of Wanta's security detail. He was at an Astro's baseball game in Houston. Within "waving distance" was also G.H.W.B. Bush. Wanta waved, alluding to the fact that his security detail was bigger than a former POTUS, with a big grin. Understand, that Jorge 41, had Wanta's business partner, Kok Howe Kwong murdered. Wanta's life was spared in that same time frame via General Vernon Walters, former Deputy DCI. (ref: Chapter 16, page 373)

Understand, Wanta is beyond a James Bond type. (He's more comparable to "M.") He responds to these instances as, "Yeah. Psyops. I took the classes. Let the games begin." (ref: Chapter 16, page 378)

In the interview/podcast of Wanta, his closing remarks, are simply that enough people, get on their knees and pray to God in Heaven, that enough American citizens (and free world citizens at large) will demand of their current leadership, that these despots be brung to justice. Otherwise, we will suffer a most horrible [economic] collapse, this nation has yet to experience... (He continuously uses the "D" word, that we have been in one for some time. It goes back to 1933, and then back to 1913, which Chapter 16 is largely all about)

Blogger IM2L844 March 05, 2013 7:18 PM  

Jim Cramer said the US will solve it's budget problems in 2013 so relax everybody and go buy a new tv.

Whew! That's good to hear. I feel much better now. Wal-Mart, here I come!

Anonymous JW March 05, 2013 7:25 PM  

Mayberry's latest newsletter predicts bad things will happen this year...he's continuing to say get out of the dollar, go to hard assets...gold/silver/real estate/artwork,etc. He's predicting big time inflation.

Anonymous JW March 05, 2013 7:29 PM  

"See? Only under "extraordinary circumstance". "

Oh. Like speeding on the interstate?

Blogger Conan the Cimmerian, King of Aquilonia March 05, 2013 7:32 PM  

This comment has been removed by the author.

Anonymous JW March 05, 2013 7:39 PM  

Everything that was noted in the header paragraph is occuring by design. Also, add in the third worlders being allowed virtually free access to the country and its welfare resources. It is all part of 'de-constructing' this country.

Anonymous Josh March 05, 2013 7:53 PM  

Dread,

It has been "imminent" for months. I think you're being duped.

Anonymous Mike M. March 05, 2013 8:31 PM  

I suspect the real "growth" in the Dow is purely related to inflation. The only question is whether to buy American or foreign stocks as a way to protect your savings.

Anonymous James May March 05, 2013 8:36 PM  

Mike, with the DOW this high, now is the time to sell, depending of course on the individual stock. For example, Apple has gone from $700 last Sept. to 430 and it is still hideously overpriced. That is a hurt waiting to happen.

Anonymous James May March 05, 2013 8:40 PM  

Is "This comment has been removed by the author" a satirical way to say it was censored? Because I see no way to remove my own posts.

Anonymous Drone alert. March 05, 2013 9:24 PM  

In response to Rand Paul's letter asking whether "the President has the power to authorize lethal force, such as a drone strike, against a U.S. citizen on U.S. soil, and without trial," we now have an answer. Attorney General Holder responds, in a word "Yes." Of course, it is caveated with 'extraordinary circumstances' and 'necessity' but as Mike Krieger so subtly summarizes: "the military can assassinate U.S. citizens on U.S. soil."

Its really amazing how fast things move along.

Anonymous James May March 05, 2013 9:39 PM  

What's really "amazing" is how these hypocrites whined and cried at the idea of waterboarding foreign criminals even in situations that might merit it and now support a regime that supports the assassination without trial of American citizens.

I guess killing isn't so bad cuz you go out like a light and so it's humane compared to waterboarding. Our thanks to Obama and his cronies for their consideration of our feelings.

Anonymous Jack Amok March 05, 2013 9:53 PM  

Jim Cramer said the US will solve it's budget problems in 2013

I fail to see how we could possibly have a budget problem since we haven't even had a budget since Obama took office.



Blogger IM2L844 March 05, 2013 10:32 PM  

Is "This comment has been removed by the author" a satirical way to say it was censored? Because I see no way to remove my own posts.

James, you should see a trash can icon just to the right of the date and time in the header of your own posts.

Blogger Desert Cat March 05, 2013 11:00 PM  

This is, assuming he's logged in properly and not just using anonymous posting with a handle.

Anonymous scoobius dubious March 06, 2013 2:04 AM  

"Could you [viz., Krugman] get a job at the Times with a brain the size of a walnut? Probably, so I'm not sure why I wrote that.

Thomas Friedman is yet another example that you can."

Hmmm... Krugman... Friedman... the NYT... somehow, in some mysterious inexplicable fashion, it almost seems like there's something that they all have in common, and yet I can't quite figure out what it is...

Oh well. Prolly nothing, just a figment of my imagination.

Anonymous sprach von Teufelshunden March 06, 2013 5:56 AM  

Josh, I challenge you to get on your trusty keyboard, and pose that same assertion to Barnewall herself. You're a resourceful guy. From info I have provided thus far, you can communicate with her. You up to the challenge? She does answer her email. I have several examples of personal comms with her. Or are you just too chicken? Like most Americans of late.

Funny thing, that goes through my own mind, is that it appears most Americans (and general western society) wants to be duped. They like being lied to. They are used to it. They expect it. They are conditioned to it. They literally and genuinely enjoy it!

What does it take, to break the mindset of someone et al like you? I'm tired of citing examples here. As Wanta states in his closing of his last interview to date, it is all in God's hands. Does one need to cite Romans 8:28? We are dealing with, as Dr. Preston James asserts a Third Force, that has historically been stopped dead in its tracks. But apparently, we enjoy being slaves. I'm beginning to wonder if America, Americans, and the general free world at large do in fact deserve such temporal grace. At some point, one just has to throw all skepticism out the window, and let faith take over. Faith such being displayed thus:

It seems apparent that a major portion of the underlings working in Homeland Security and the military and even a portion of our high military command now realize America has been hijacked and are sitting tight, often sandbagging or dragging, not willing to throw themselves on a sword by rebelling. However, many of these folks will jump in and join the cause when there is a mass public awakening of American Citizens, which is now occurring thanks to the Internet and the Alternative news provided by it, or if door to door gun seizures are initiated. The super-elites who run the SSG know that America is on the verge of a mass awakening and they are afraid. That is why they are moving fast and going for broke because they know their time may be short.

Dr. James, prominent at Veterans Today, all at VT are most familiar (and many know him personally) with Heneghan. He is a wall street insider. Has many agency(s) contacts. And speaking of examples, especially re: "a portion of our high military command," the latest from Heneghan:

U.S. Military Ready to Grab Bernanke

People delude themselves, saying it will never happen. It can't happen. In the words of Luke Skywalker, "It's impossible!" Dr. Edwin Vieira reminds us that it in fact can, and will at some point -- happen. So, I guess America et al does deserve rule from the Praetorian, for its sins...

Oh, and dominion from an Alien Savior...

[Gee, most interesting what MacArthur, Lord Hill-Norton, Reagan, Carter, Ford, Goldwater, Hoover (J.E. Mary), and even Gorbachev hinted to, in their official capacities.]

Yep, we are ALL going to get what we deserve. To most, not a hint or clue to what that really means. Personally, I'm sick and tired of it all. Been paying the price since at least [the summer] 2002. Time for our reward. In the words of Capt. James Tiberius Kirk, "Here it comes!"

Anonymous Josh March 06, 2013 7:45 AM  

U.S. Military Ready to Grab Bernanke 

So when this doesn't happen, are you going to shut up?

Post a Comment

NO ANONYMOUS COMMENTS. Anonymous comments will be deleted.

Links to this post:

Create a Link

<< Home

Newer Posts Older Posts