So What’s Next For You Kiddies

August 7, 2013

Buy or else, like the old Soviets of times gone past … Let’s make streaming copyrighted content a FELONY’

Got to pay our Hollywood donors back … Felonies are us, for stealing a $10 movie?

A report by the US Department of Commerce’s Internet Policy Task Force recommends that the government make the streaming of copyrighted material a felony.

The report recommends “assessing and improving enforcement tools to combat online infringement and promote the growth of legitimate services while preserving the essential functioning of the Internet.”

Currently, streaming content is a simple misdemeanor that breaches rules on violation of the public-performance right, but the report recommends upping the penalty to felony status for those who push out audio and video material for which they haven’t paid royalties.

Apparently cable companies and their royalty streams aren’t doing so well. Once you figure out you can do without … Seen the discount bins at Walmart lately???

Retail Sales — The Reality-Is-Perception Gap

July 16, 2013

Retail Sales, slowly going down …

With retail stocks surging on the back of the any-minute-now recovery (justified by the might of the Federal Reserve printing press), we thought it perhaps useful to consider just how great things are in the retail sales space. Given the non-stop accelerating rise in the equity prices, retail sales must be accelerating or must have turned up green-shoot-like? Well not so much. As the chart shows, while retail sales (ex-food) is still rising modestly YoY, it is doing so a decelerating pace (as income growth stagnates and discretionary income slumps). But for now, all we must believe is the market knows best (until, 2008-like) it doesn’t.

What’s the plan MAN — Crushing the middle class ….

Further empowering the American political police.

May 8, 2013

The Obama administration, resolving years of internal debate, is on the verge of backing a Federal Bureau of Investigation plan for a sweeping overhaul of surveillance laws that would make it easier to wiretap people who communicate using the Internet rather than by traditional phone services, according to officials familiar with the deliberations.

And what about the 4th Amendment … PhTuiti … What Bill of Rights, I don’t see no steenking Bill of Rights!

Hah, and you thought Bush was over the line with spying on your library card, hey Bro, you ain’t seen nothing yet …


Reuters Announces ‘Bad News For Economy’

April 24, 2013


The terrible economic news released today is so terrible Reuters didn’t even attempt to spin it. The headline reads, “Durable Goods Report Delivers More Bad News for Economy,” and the story gets right to the point:

Orders for long-lasting U.S. manufactured goods recorded their biggest drop in seven months in March and a gauge of planned business spending rose modestly, adding to signs of a slowdown in factory activity.

Durable goods orders slumped 5.7 percent as demand fell almost across the board, the Commerce Department said on Wednesday.

That is twice the drop economists expected.

Over at Hot Air, Ed Morrissey digs into and explains the numbers, but the media news here is the Reuters’ headline. No “unexpectedly”; no spin towards whatever good can be plucked from the bad; and all of this coming just two days before the GDP estimate for the first quarter of 2013.

Read more at ..


Durable-goods Orders Sink 5.7% in March

April 24, 2013

Well another down indicator…. The stockmarket disconnect with reality continues.

Missed another expectation … writes …

WASHINGTON (MarketWatch) — Orders for big-ticket U.S. items posted the biggest drop in March since last summer, mainly because of fewer jetliner bookings but also as orders softened in most categories.

Orders for durable goods fell 5.7% last month to mark the biggest drop since last August, the Commerce Department said Wednesday in data suggesting the manufacturing sector cooled off a bit toward the end of the first quarter. Economists surveyed by MarketWatch had expected a 3.2% decline.

The soft  jetliner orders did it, and their exploding green batteries. But also orders softened in all categories.

Weak durable goods orders point to sluggish economy …

Retail Sales Drop by Most in Nine Months in Sign of Consumer Caution

April 12, 2013

U.S. retail sales fell in March from February by the most in nine months, indicating higher taxes and weak hiring have made consumers more cautious about spending…. [Full Story]



March 28, 2013

Here is your funny numbers for the day … Consumer spending down, no surprises there.

Final Q4 GDP Misses As Personal Consumption Slides Once More


The U.S. economy grew at a slightly faster but still anemic rate at the end of last year. However, there is hope that growth accelerated in early 2013 despite higher taxes and cuts in government spending.

The economy grew at an annual rate of 0.4 percent in the October-December quarter, the Commerce Department said Thursday. That was slightly better than the previous estimate of 0.1 percent growth. The revision reflected stronger business investment and export sales.

Analysts think the economy is growing at a rate of around 2.5 percent in the current January-March quarter, which ends this week.

Note the last line “analysts think”

How about QE doesn’t produce growth just lower your currency valuation. And that’s reality.

You make sense of the rest of the fake numbers, I give up.

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