Comments on: THOUGHTS ON THIS MORNING’S DATA http://pragcap.com/thoughts-on-this-mornings-data-25 Sun, 12 Feb 2012 04:27:37 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: ChemTur http://pragcap.com/thoughts-on-this-mornings-data-25/comment-page-1#comment-12976 ChemTur Fri, 12 Mar 2010 19:20:49 +0000 http://pragcap.com/?p=18230#comment-12976 Looks like a repeat of yesterday. 50 point close anyone? Yawn. Looks like a repeat of yesterday. 50 point close anyone? Yawn.

]]> By: Uformula http://pragcap.com/thoughts-on-this-mornings-data-25/comment-page-1#comment-12973 Uformula Fri, 12 Mar 2010 18:46:12 +0000 http://pragcap.com/?p=18230#comment-12973 Good Question mj. I am thinking the same thing. TPC, what do you think? http://globaleconomicanalysis.blogspot.com/2010/03/stimulus-about-to-wither-on-vine-look.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29 Good Question mj. I am thinking the same thing. TPC, what do you think?

http://globaleconomicanalysis.blogspot.com/2010/03/stimulus-about-to-wither-on-vine-look.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29

]]> By: Brian http://pragcap.com/thoughts-on-this-mornings-data-25/comment-page-1#comment-12972 Brian Fri, 12 Mar 2010 18:26:50 +0000 http://pragcap.com/?p=18230#comment-12972 YES i HAVE MUCH MORE CON FI DENCE TODAY THAT THE E CON O MY IS MUCH BE TTOR NOW. THE FUTURE LOOKS BRIG HTER AND I HAVE THE CON FI DENCE TO CON SUME USING CREDIT. YES i HAVE MUCH MORE CON FI DENCE TODAY THAT THE E CON O MY IS MUCH BE TTOR NOW. THE FUTURE LOOKS BRIG HTER AND I HAVE THE CON FI DENCE TO CON SUME USING CREDIT.

]]> By: ChemTur http://pragcap.com/thoughts-on-this-mornings-data-25/comment-page-1#comment-12970 ChemTur Fri, 12 Mar 2010 18:05:29 +0000 http://pragcap.com/?p=18230#comment-12970 Just buy some Visa and Mastercard and call it a day. American's are stupid. We can't be expected to balance our checkbooks. It's easier to spend than it is to account. Just buy some Visa and Mastercard and call it a day. American’s are stupid. We can’t be expected to balance our checkbooks. It’s easier to spend than it is to account.

]]> By: Brian http://pragcap.com/thoughts-on-this-mornings-data-25/comment-page-1#comment-12968 Brian Fri, 12 Mar 2010 17:53:41 +0000 http://pragcap.com/?p=18230#comment-12968 You always underestimate the capacity of the average "mericn" for greed and gluttony. Its what they do best after all. When your life is basically a meaningless rat wheel, the only thing you have to make yourself feel better is to go buy some cheap worthless chinese made bullshit from wal mart, then turn around a cry like a little bitch because they aren't any jobs anymore. But what the hell, I've been making tons on the recent rally, so fuck 'em. You always underestimate the capacity of the average “mericn” for greed and gluttony. Its what they do best after all. When your life is basically a meaningless rat wheel, the only thing you have to make yourself feel better is to go buy some cheap worthless chinese made bullshit from wal mart, then turn around a cry like a little bitch because they aren’t any jobs anymore. But what the hell, I’ve been making tons on the recent rally, so fuck ‘em.

]]> By: Robert in Chicago http://pragcap.com/thoughts-on-this-mornings-data-25/comment-page-1#comment-12967 Robert in Chicago Fri, 12 Mar 2010 16:56:30 +0000 http://pragcap.com/?p=18230#comment-12967 You missed the downward revision -- January revised 0.4% lower, February magically "beats" by 0.5% even though the absolute spending was basically in line (a 0.1% beat). This is not an accident; for 15 months now, roughly 90% of all the government's revisions to economic data have been downward. They are repeatedly manufacturing fake "beats" of month-over-month changes. Given the consistency, this cannot be unintentional. You missed the downward revision — January revised 0.4% lower, February magically “beats” by 0.5% even though the absolute spending was basically in line (a 0.1% beat).

This is not an accident; for 15 months now, roughly 90% of all the government’s revisions to economic data have been downward. They are repeatedly manufacturing fake “beats” of month-over-month changes. Given the consistency, this cannot be unintentional.

]]> By: mj http://pragcap.com/thoughts-on-this-mornings-data-25/comment-page-1#comment-12966 mj Fri, 12 Mar 2010 16:22:01 +0000 http://pragcap.com/?p=18230#comment-12966 TPC: How much of the retail sales increase do you think is attributable to the abnormally large federal tax refunds due to the refundable tax credits ? TPC:

How much of the retail sales increase do you think is attributable to the abnormally large federal tax refunds due to the refundable tax credits ?

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