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jimmyg
10-14-2010, 09:13 AM
Anyone (G) even trying to spin this trio of disaster into something other than what it is, or blame the prior administration, after two years removed, may qualify as insane. /forums/images/%%GRAEMLIN_URL%%/crazy.gif J

<span style="color: #CC0000">Trifecta Of Economic Horror: Trade Deficit Explodes To $46.3 Billion, PPI Rises Above Expectations As New Jobless Claims Surge new</span>

Submitted by Tyler Durden on 10/14/2010 08:39 -0400

Today's economic data avalance is a trifecta of horror: the August trade balance came at - $46.3 billion (deficit, duh), on expectations of $-44.0 billion, with the previous revised to ($42.6) billion. This is the second highest trade deficit in years. This also means the Q3 GDP will be revised lower again. Oh yes, and Schumer is currently frothing in the mouth as the trade deficit with China was at a record $28 billion, as expected based on the reverse lookup from yesterday's China trade surplus (which dropped).

Elsewhere, PPI came in at 0.4%, on expectations of 0.1%: congratulation Ben, you have your inflation, as the bulk of the increase was in food and gas. PPI ex Food and Energy was 0.1%, in line with expectations.

Lastly, jobless claims surge from 445K to 462K, with the prior number revised higher for the 24 out of 25 times. And speaking of revisions, the prior week Continuing Claims number was revised from 4,462K to 4,511K: yes stunning, we know. Those on Extended and EUC claims plunge by 340,000 for the week ended September 25, taking away a few more pips from GDP. All in all, this further cements the economic suicide that is QE2.

pooltchr
10-14-2010, 10:57 AM
At least we are coming out of the "Bush recession", according to some posters here.

Steve

llotter
10-14-2010, 12:05 PM
It's about time that someone came along and cut America down a few notches. We use 10 time more energy than our fair share. We live high on slave labor from around the world. We exploit the disadvantaged and show nothing but scorn for other cultures. All the apology tours and bowing will not compensate for our history of stepping others and stealing their resources. We must ultimately become their equal and the fastest way to do that is to bankrupt ourselves and they will finally stop blaming us for all their troubles.

There is something really spiritual about being poor and close to nature as we are all going to learn...and none too soon.

jimmyg
10-14-2010, 12:37 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: llotter</div><div class="ubbcode-body">It's about time that someone came along and cut America down a few notches. We use 10 time more energy than our fair share. We live high on slave labor from around the world. We exploit the disadvantaged and show nothing but scorn for other cultures. All the apology tours and bowing will not compensate for our history of stepping others and stealing their resources. We must ultimately become their equal and the fastest way to do that is to bankrupt ourselves and they will finally stop blaming us for all their troubles.

There is something really spiritual about being poor and close to nature as we are all going to learn...and none too soon. </div></div>

It sounds as though you are advocating and celebrating the intentional self destruction of America. Is that correct, or are you merely acknowledgeing the obvious? Are you speaking for yourself, or stating the political agenda of a particiliar political group? Do you think that the Obama administration is too inept and corrupt to alter our current destructive course? Or is that their intention?

And what, exactly, makes you think that America will remain "equal" to our adversaries, and not become subordinate? History strongly suggests subordinate.

Just a few questions.

J

llotter
10-14-2010, 01:01 PM
We are a society lacking an adequate education (suffering as we do from the public education system) and therefore our disposition to 'follow the leader' like lemmings. This trait of obedience to authority is well documented through the Milgram experiments. Milgram was curious about what caused the German citizens to carry out the 'evil' activities that they did and discovered that they are not uniquely disposed to simply follow orders that contradicted moral sense, we do as well.

The Moron wants to destroy our country so that we can experience spiritual unity with the rest of the world and we just follow along with whatever justification flows. While some citizens do object, they are quickly identified as the racist they are and the destruction continues.

Once the fragile basics of a free society are destroyed, then you are right, the world will revert to the survival of the strongest.

pooltchr
10-14-2010, 04:09 PM
Jimmy,
I suspect lloiter's post was meant with tongue firmly planted in cheek.

Steve

jimmyg
10-14-2010, 07:37 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: pooltchr</div><div class="ubbcode-body">Jimmy,
I suspect lloiter's post was meant with tongue firmly planted in cheek. Steve </div></div>

Yes, I though so at first, his second post confirmed it.

Thanks lloiter!

J