[copious.abundance]

$this->bbcode_second_pass_quote('lasseter', 'l')ol, lipstick on a pig.

47 Million Food Stamp Recipients
70 Trillion in total obligations
13 Trillion in mortgage debt
3 trillion in CC debt.

No way to grow out of that hole lol.

[Loki]

$this->bbcode_second_pass_quote('copious.abundance', '
')Would your garden variety doomer have the gumption to actually look up a stat like this his or herself? Nooo, of course not. They're too intellectually lazy. The intellectually lazy doomer who started this thread was particularly guilty of that.

[copious.abundance]

Breaking news for Loki:

1. You might have noticed I got that median income chart from FRED, which pretty much means I looked up the data myself, rather than copying something from Zerohedge.
2. That I used nominal median income instead of real median income only goes to show you've got to be careful what statistic you cite. You did not say real median income (look up the exchange yourself) so I, in turn, did not show a chart of real median income. I'm trying to keep you on your toes.

I believe I've made a chart using Excel now and then, but it's easier getting the same data and charts from FRED or Economagic, so I see no reason to reinvent the wheel.

Then of course I've often added commentary on FRED or Economagic charts to point out things someone is missing. Such as this one.

[Loki]

$this->bbcode_second_pass_quote('copious.abundance', '
')2. That I used nominal median income instead of real median income only goes to show you've got to be careful what statistic you cite. You did not say real median income (look up the exchange yourself) so I, in turn, did not show a chart of real median income. I'm trying to keep you on your toes.

[copious.abundance]

You have to be careful with what you say to me Loki, I'm too smart for most of you. One little slip of the tongue, such as omission of the word "real," and you'll pay for it!

[dolanbaker]

Investor sheep see wolf!

$this->bbcode_second_pass_quote('', '
')http://www.bbc.co.uk/news/business-11900474
(Close) Stocks on Wall Street fell sharply on Friday as jitters in emerging markets spooked investors.

In New York, the Dow Jones fell 318.24 points, just shy of 2%. The Nasdaq fell 2% to 4130.44, while the S&P 500 also dropped 2% to end at 1790.31.

On Thursday, Argentina abandoned efforts to defend the peso, and it fell 11% against the US dollar.

Other emerging market currencies have also fallen, and nerves spread to European stock markets on Friday.

Confidence among investors has also been knocked by a survey from China on Thursday indicating the country's manufacturing sector contracted this month.

[AirlinePilot]

Dissembly, cognitive dissonance, normalcy bias......call it what you will. Its all just denial in the end. None of this is about who wins or who is right or wrong, its about a search for reality in the ever increasingly bullshit filled world. The reality is that we are being lied to about a lot of things. Its a choice to look the other way when the lies become too many and they stop making sense.

[Rod_Cloutier]

$this->bbcode_second_pass_quote('', 'i')ts about a search for reality in the ever increasingly bullshit filled world. The reality is that we are being lied to about a lot of things. Its a choice to look the other way when the lies become too many and they stop making sense

[lasseter]

$this->bbcode_second_pass_quote('copious.abundance', ' ')

What's worse is, they don't even do their own research. Mostly what they do is regurgitate whatever Zerohedge or some other doomer site tells them.

Take credit card debt. Little doubt that $3 trillion was pulled off some doomer site. First of all, it's not $3 trillion,

[copious.abundance]

The doomer mantra: The only truthful news is bad news. Anything resembling good news must be a lie, because it is impossible for things to get better.

[dolanbaker]

$this->bbcode_second_pass_quote('copious.abundance', 'T')he doomer mantra: The only truthful news is bad news. Anything resembling good news must be a lie, because it is impossible for things to get better.

[TheAntiDoomer]

$this->bbcode_second_pass_quote('AirlinePilot', 'D')issembly, cognitive dissonance, normalcy bias......call it what you will. Its all just denial in the end. None of this is about who wins or who is right or wrong, its about a search for reality in the ever increasingly bullshit filled world. The reality is that we are being lied to about a lot of things. Its a choice to look the other way when the lies become too many and they stop making sense.

[TheAntiDoomer]

Apple manufacturing partner looks to build factory in the US

http://www.cnbc.com/id/101364554

$this->bbcode_second_pass_quote('', 'T')aiwan's Hon Hai Precision Industry, the main manufacturer of Apple products and a symbol of U.S. outsourcing, is reportedly weighing a plan to build an advanced display manufacturing facility in its largest market.

At the company's 40th anniversary celebration on Sunday, Chairman Terry Guo said he is looking to relocate capital-intensive and high-tech manufacturing to the U.S., the Wall Street Journal reported.

[joewp]

$this->bbcode_second_pass_quote('TheAntiDoomer', '
')In other words.....

[copious.abundance]

Consumer confidence tops forecasts in January
$this->bbcode_second_pass_quote('', '[')img]http://ei.marketwatch.com/Multimedia/2014/01/28/Photos/MG/MW-BT450_uniqlo_20140128102236_MG.jpg?uuid=0e486830-8830-11e3-8009-00212803fad6[/img]

WASHINGTON (MarketWatch) — Wall Street may be worried but consumers aren’t, according to data released Tuesday.

A gauge of consumer confidence advanced in January, topping forecasts. The Conference Board said its confidence index rose to 80.7 in January from 77.5 in December, beating the 77.1 seen in a MarketWatch-compiled economist poll.

A component measuring the present situation rose to 79.1 from 75.3 and the expectations index rose to 81.9 from 79.

The index, which has shot up from a 58.4 level in January 2013, still hasn’t been in triple-digit territory since Aug. 2007, a few months before the onset of the Great Recession.

But there are signs consumers are beginning to see noticeable improvements in the economy and the jobs market in particular. The percentage of those who say jobs are “hard to get” — 32.6% in January — hasn’t been this low in over five years.

[...]

[AirlinePilot]

Durable goods report....ugly. November revised DOWN.

http://www.census.gov/manufacturing/m3/ ... /durgd.pdf

No need for stupid pictures, just data.

[dorlomin]

Not everyones happy.

[dolanbaker]

$this->bbcode_second_pass_quote('dorlomin', '[')url=http://uk.reuters.com/article/2014/01/28/uk-jpmorgan-man-death-idUKBREA0R0HC20140128]Not everyones happy.[/url]

[copious.abundance]

Manufacturers in Dallas Fed Region Start 2014 with Stronger Demand
$this->bbcode_second_pass_quote('', '[')b]The Federal Reserve Bank of Dallas said that manufacturing activity picked up slightly in January. In fact, the index for new orders rose sharply from 1.3 in December to 14.4 in January, with 31.7 percent of respondents saying that their sales had increased to begin the new year. Many of the other components of the Dallas Fed’s manufacturing survey were up less robustly. For instance, the composite index of general business activity barely increased, up from 3.7 to 3.8.

Yet, the overarching theme of the Texas Manufacturing Outlook Survey was the continued expansion see in the sector in the Dallas Fed district, albeit a mostly modest one. The composite index has not reflected growth for eight straight months. Moreover, several of the key indicators expressed a somewhat faster pace of growth in January. This included production (up from 6.0 to 7.1), shipments (up from 0.4 to 9.2), employment (up from 7.4 to 8.6), hours worked (up from -1.1 to 3.4), and capital expenditures (up from 13.3 to 18.9).

Looking ahead, manufacturers in the Dallas Fed region continued to be mostly positive about future levels of activity. For example, 55.8 percent of respondents anticipate higher sales in the next six months, with just 8.0 percent predicted reductions in new orders. Similar findings can be noted for production, capacity utilization, shipments, employment, and capital spending. The index for one’s company outlook six months ahead increased from 24.6 to 33.5.

[...]

[copious.abundance]

Elsewhere in the South ...



Richmond Fed Observed Rising Manufacturing Activity for the Third Straight Month
$this->bbcode_second_pass_quote('', '[')b]Manufacturing activity expanded strongly in January, according to the Richmond Federal Reserve Bank, continuing a trend seen since November. In fact, the average composite index over the past three months was 12.7, a nice improvement from the stalled levels of manufacturing growth in the district observed in both September and October.

Despite the better news, the underlying subcomponents were mixed, with a slower pace of growth for some measures. On the positive side, new orders (up from 10 to 14), capacity utilization (up from 8 to 11), and the average workweek (up from 6 to were all higher. In contrast, shipments (down from 15 to 14) and the number of employees (down from 14 to 6). Nonetheless, each of these figures suggest continued expansion overall.

Along those lines, manufacturers in the Richmond Fed district remain mostly upbeat about the next six months — a finding consistent with other regional surveys. Respondents were generally optimistic about sales, shipments, utilization, and capital spending for the first half of 2014. Hiring was also expected to grow, but less robustly than the other figures.

[...]