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Sometimes a chart is all you need

Sometimes some charts, a couple of cartoons and a photo or two are all you need.

Submitted by Roanman on Sun, 10/14/2012 - 12:41


We have got the stuff today as we've been collecting without a post for probably the better part of three weeks now.

So, in no particular order of importance,

Recent Natural Gas pricing offers a primer on the law of supply and demand as supply of Nat Gas drilling rigs rises and falls with the price of Nat Gas.  

Prices for Liquid Natural Gas swing wildly from continent to continent as intercontinental transport of Natural Gas remains difficult, expensive and likely dangerous.




Some people took a less serious approach to the Presidential debates than did others.





While President Obama's epic poor performance in the first debate may not cost him the Presidency it most certainly has destroyed what little confidence the country had left in the abilities of the Telestrator in Chief.




When The New Yorker is taking cover shots at a sitting Democrat President, you gotta think all credibility is lost.




Spain has moved past debate as it's rate of unemplyment moves into the mid 20s.  The real dark red in the map below is Spain for those of you who are geographically challenged.

The light blue smack in the middle of Europe is Germany, who I'm thinking would really like to stay that color.





"Recortes Son Necesarios" translates as "Cuts Are Necessary" in reference to austerity measures allegedly being implemented by the Spanish governmnent.

We trust you can grasp the meaning in the artwork.

Order yours here.




Unbelievably to us among many, the Nobel Committee awarded the Nobel Peace Prize to the European Union despite the violence captured in the photos below.

We happen to be very comfortable laying the blame for that violence directly at the feet of the European Union, among some others.




Which award following that for President Obama inspired the following special offer.



Speaking of unemployment, the Bureau of Labor Statistics reported that the unemployment rate has fallen from 8.1 % in August to 7.8% in September on the strength of some 870,000 plus new jobs 563,000 of which were part time.  

This number has been widely mocked as cooked.

While not evidence of cooking on the part of the Labor Department, the following chart of the September Monthly Change to Workers Aged 20-24 reveals the first and only increase in employment in 28 years.  

Each bar in the chart below represents a September of some year.

The fact is that September of 2012 is the first month in history that this age group has ever experienced an increase in employment during the month of September ...... you're gonna have to take our word on that last part as I can't find a chart that works.



As demonstrated in this next chart, the number of unemployed and underemployed people for the month of September increased from 25.8 million in August to 26.2 million in September.




I don't know what this has to do with anything, but I thought it to be interesting and saved it to whip out the next time there is an uncomfortable lull in the conversation at some cocktail party I may be attending.

From The Pew Forum.



Finally, because I'm out of both time and energy for the moment, that's it for now.

We finish today's report with the fundamental difference between Mom and Dad.



Charts upon charts upon charts upon ..... and a couple cartoons.

Submitted by Roanman on Fri, 09/14/2012 - 18:46



In 1977, Congress amended The Federal Reserve Act, stating the monetary policy objectives of the Federal Reserve to be as follows,

"The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices and moderate long-term interest rates."

The notion that the Fed is tasked with promoting maximum employment and stable prices is what is frequently termed the Fed's "Dual Mandate".

Having failed miserably throughout the entirety of it's charter (1913) to maintain stable prices, as the decline in the value of the dollar equals increased prices for everything other than a dollar.


The purchasing power of the dollar 1792 - present, dotted lines signify those periods when convertability to gold was/is suspended.


The Fed decided this week that they better address their almost equal fail with regards to maintaining full employment, on account of the following.  

Things are not going swimmingly in Detroit.




Purchasing managers all over the world are backing off ... numbers below fifty for the Purchasing Managers Index signify economic contraction.




Here's where Clint Eastwood gets his number for unemployment.




The employment to population ratio pretty much sucks.

Although it may be forming a bottom ..... one hopes.




What's up with this?

That's the new economy at work ..... so to speak.

Service jobs are what we do around here now days.


1948 to the present.


Dirty manufacturing is out of favor, construction is smashed.

Look closely here, these are total numbers not percentages.

Adjust this horror story for population growth and think it through.

In our opinion, you are looking at the single most profound unintended consequence of kneejerk green/liberal/progressive othodoxy of them all.




As a result, Labor's share of GDP is at historic lows as all those new bartender jobs just don't pay.




It gets worse if indeed small business is the engine of job creation.




This next one suprised us as we would have guessed the suffering extended across all age groups.




College just may not be that ticket to a better life.


We can't find the piece that defined the word young in this chart.



The most common complaint with regards to inflation ... at least among those that that we hear ... has to do with the increasing price of medical care.

The price inflation of a college education blows medical inflations's doors off.

As a result, total student loans exceed credit card debt for the first time in history.

As an aside, student loans can't be extinguished in bankcruptcy since the Consumer Bankruptcy Reform Act of 1998.




Not to worry, those scamps on Wall Street and in Washington are getting theirs.





Speaking of Washington, the next time one of those highly paid professionals at the Congressional Budget Office whips out a projection in your vicinity, just reach out and slap that bastard.



Speaking of bankruptcy.

Coming to a country near you?



Evidently the cartoonist here is not crazy about economist Paul Krugman.




On a completely different subject, from John Cole.




Hurricane Isaac has a silver lining

Submitted by Roanman on Wed, 08/29/2012 - 08:47


Here's Jim Cantore, among others, performing the obligatory weatherman vs. hurricane story, this time for MSNBC.

Jim like many television news professionals is clearly not bright enough to come in out of the rain ..... just sayin.



From the Weather Channel.

This is the thought to be path of Isaac as it moves inland.



Which should help a great deal with drought conditions throughout the country.



Although it is way too late to help out much with rising food prices anytime soon.

Below are the weekly charts for corn, soybeans and live cattle in that order fom January 1994 to the present.




Sometimes a whole mess of charts, along with a map maybe, is all you need.

Submitted by Roanman on Sat, 08/25/2012 - 09:00


For some reson we were buried in charts this week.  Having junked a dozen or so here are those that we deemed to be the most useful.  I didn't link anything up to the piece we took it from as these charts are mostly pretty self explanatory.

Demonstrating once again that sometimes a chart is all you need.


The 10 Year Treasury Note rate from 1950 to 2011 might reasonably cause you to expect an economic boom the likes of which we enjoyed in the 50s, except for the fact that the velocity of money (the rate at which it circulates through the economy) has fallen off a cliff.





China on the other hand has been busy moving it's money out U.S. debt instruments and into African commodities.

I lied above as the map below does link to the Stratfor article from which it was taken.





Gas prices set an all time high for the third week in August.



Despite the use of ethanol additives.

Just in case you were wondering why your food is getting so expensive, here's one of several real good reasons.





  It ain't all about the drought despite the fact that the drought is both widespread and severe.




Speaking of food.



The Gold market has seen some changes in that the world's Central Banks have become net buyers for the first time in many years.

Demand is down a little over the past 12 months.

You're gonna have to take my word on that last one as I junked the chart.





I wouldn't take a great deal of comfort in this next one as a significant percentage of US Gold holdings are in the posession of the Federal Reserve Bank of the United States and as such have not been audited in generations.




I had the link for this one and managed to misplace it.

I think this chart is for 2011.




The Dow/Gold ratio has plateaued on it's journey to 1/1.

That last part is my personal opinion ..... OK, OK ..... my fondest hope.




 I think these next two speak for themselves although thought to be solutions diverge wildly.





If you ask me here's the real issue.


Meanwhile, those imps over at the Federal Government are loving life.



Sometimes a whole raft of charts .........

Submitted by Roanman on Sat, 08/18/2012 - 07:53


We've been collecting charts again and IMHO have done a slightly better job of adding links this time.

The first, a series of comparisons of California tax receipts, is the one you need to be worrying about ..... or not.

Make no mistake about it, California is Greece, only much, much, much, much ..... bigger.




The public is moving out of stocks as increasingly the stock market resembles a casino.




And are stampeding into bonds where ... IMHO once again ... they are about to get slaughtered ..... see that item on California tax receipts above.



Corn, Gold, Siver and Brent Crude are the best investments of the last five years.



Buy gold ... maybe farmland ..... just sayin.






Mystery solved.



We haven't quite wrapped our brains around this next one yet.

Both charts link to the methodology employed in their construction.




Among the reasons Goldman Sachs won't be facing criminal prosecution for their activities before, during and after the mortgage fiasco ..... or for anything else for that matter.

As an aside, they also own at least one former Democrat Senator and a former Governor of Massachusetts.




Two distinct points of view.


Sometimes a whole mess of charts .....

Submitted by Roanman on Thu, 08/02/2012 - 19:16


We're not linking up the articles tonight mostly because I'm beat and the whole thing pretty much just makes you want to weep anyway.




Online help wanted advertising fell off a cliff in July.








OECD=Organization for Economic Cooperation.




United States Federal Government Expenditures for 2011 and 2012

HHS=Health and Human Services=Medicare/Medicaid.

SSA=Social Security Administration.  

Treasury=Interest on the National Debt ... mostly.



NAPM=National Association of Purchasing Managers.




Fewer rigs means the Nat Gas supply glut is mostly over, along with way low prices.






Total European Union Unemployment Rate



I know, I know, we're looking high and low for a chart with a happy tale to tell.



Reading on a Saturday Morning yet again ..... we never seem to learn.

Submitted by Roanman on Sat, 07/28/2012 - 08:25


If you're in a good mood just go somewhere else.

This is some fairly seriously depressing shit right here.

All of the following excerpts link to the full article, most of the charts link up to stuff as well.


 I have no confidence in paper money of any kind; or the promises of any and all governments and their employees. The relative safety of one kind of paper as against another is of no importance...What worries me most is the incredible prevalence of official lying, delusion, ignorance and dishonesty ... It's a whole gang of crooks in a system that encourages and rewards fraud ... It isn't just the fact that money is nothing but confidence.   Edelweiss Journal




"Here in Europe, the Greek government is helping itself to its citizens’ bank accounts; the Italian government is working with banks to freeze customers out of their accounts without warning. Spanish police are embroiled in a bloody struggle against bazooka-wielding workers who are protesting austerity measures. EU leaders in Brussels have announced their intention to impose capital controls as part of a ‘rescue plan’. This is today’s reality. It can happen here, it probably will happen here. And frankly, it’s all unfolding almost exactly as it has so many times before throughout history:

1. A nation rises to greatness and becomes wealthy based on sound principles and the hard work of initial generations.

2. Eventually, being wealthy becomes the natural expectation… an entitlement, rather than a goal to work hard for and achieve.

3. A nation begins living beyond its means to maintain the high life without the hard work, leveraging its credibility to trade tomorrow’s production for today’s consumption.

4. Living beyond its means eventually becomes unsustainable. Government begins to slowly, then staggeringly, devalue its currency.

5. The market (i.e. people) finally wake up to the fraud being perpetrated.

6. Financial repression usually follows– high taxes which steal from the productive, negative real interest rates which steal from the savers, etc.

7. Capital flight comes next. People take their money and run.

8. Governments implement capital controls, border controls, price and wage controls, and anything else they can do to maintain the status quo. People find out who the police are really there to protect and serve.

9. Capitulation (default) is the endgame; the system resets itself and begins anew.

"This is nothing new. From the 3rd Dynasty of Ur (2000 BC) to Medieval Venice to the familiar stories of Rome and the Ottoman Empire, the world is full of monuments to the past greatness of failed civilizations. We’re seeing the same pattern unfolding now. And sure, anything’s possible. Maybe the skies open up and the unicorns come out to play and the whole world manages to fix itself without skipping a beat. But let’s live in reality: there are consequences when nations go bankrupt. And nearly every western nation on the planet is insolvent. That is a fact.  Simon Black


Red is cities and counties, black is municiple utilities and other government entities.


America's transition into a welfare state continues, as May saw a new all time high number of American households, 22.3 million to be exact, enter technical poverty and collect foodstamps. At the individual level, 46.5 million Americans lived off foodstamps, a 222,157 increase in the month, or nearly three times the number of people who found jobs in June according to the BLS. Next month this too will be a record, as it is currently just 17,367 before the previous all time high set in December of 2011. The good news, and we use the term loosely, is that the average benefit per household rose from all time lows of $275.82 to $276.76. Surely, the bottom is in and just like housing, there is on blue skies ahead.




“If the bond ever starts falling in price, they unwind the carry trade…Then you get a message, ‘Do not pass go.’ Sell your bonds, unwind your overnight debt, your repo positions. And the system then begins to contract – exactly what happened in September and October of 2008. That was a minor trial run for the great unwind that is going to happen when the Treasury market is finally shattered with a lack of confidence because, on the margin, no one owns a Treasury bond: they just rent it on borrowed money. If the price starts falling, they’ll get out of that trade as fast as they got out of toxic CDOs ... 

“The Fed has destroyed the money market. It has destroyed the capital markets...And you can’t have capitalism if the capital markets are dead, if the capital markets are simply a branch office – branch casino – of the central bank. That’s essentially what we have today...They are monetary central planners who are attempting to use the crude instrument of interest-rate pegging and yield-curve manipulation and essentially buying debt that no one else would buy, in order to keep this whole system afloat. It’s Ponzi economics...

“There are 25 million households in America who couldn’t move if they wanted to, because their mortgages are under water. They cannot generate a down payment and the 5% or 6% broker fee that you need to move. So we’ve got 25 million households immobilized, paralyzed, and worried every day about when they are going to lose property, because of what the Fed did. It’s a terrible indictment...It’s policy. If we don’t do something about the Fed, if we don’t drive the Bernankes and the Dudleys and the Yellens and the rest of these lunatic money-printers out of the Federal Reserve and get it under the control of people who have at least a modicum of sanity, we are just going to bury everybody deeper...

“As a result of that you have a doomsday machine. As I was saying when the great margin call comes and they start selling the Treasury bond, they’ll take everything else with it. Real estate is priced off Treasuries. Mortgaged-backed securities are priced off Treasuries. Corporates are priced off Treasuries. Junk bonds are priced off Treasuries. Everything. The stock market will go into a panic...

“The only thing I think you can conclude is preservation is the only thing you are about as an investor. Forget about yield. Forget about return. Just keep yourself liquid and preserve your capital, because you can’t predict the day when, as I say, the great margin call in the sky comes down.“ – David Stockman, Former Director OMB under Reagan



"The state is a thug. Basically, it relies upon two things to elicit cooperation from people in order to ‘convince' them to surrender their rights and wealth. The first is the myth of legitimacy; this is the notion that an electoral process or a hereditary line-of-succession or 'fill in the blank' establishes an elite group who consist of politicians and those with political pull. These elite individuals somehow have the ‘right' to tell other individuals what to say and what to do with their own body. They live by a double standard. Theft is wrong except if done by them in the form of taxation. Killing innocent people is wrong except if done by them in the war against terrorism. 

Today the myth of legitimacy is being widely seen for what it is: a myth. Every day, fewer and fewer people believe in the legitimacy of the elites.  And without that myth, their actions are being seen for what they are: a vicious double standard that excuses theft and murder. This means the state has to increasingly use the second method by which it elicits your cooperation: raw force or the threat thereof. And a sure sign that the elites have lost legitimacy and know it is the fact that they are becoming more violent toward their own citizenry by the hour...

My purpose is the business of living ... by privatizing your own life, you make the state increasingly irrelevant, which is what politicians fear most. They are desperate to be part of our lives, to teach our children, to regulate our work, to read our messages and hear our phone calls, to dictate our medical choices ... And the most effective personal response when the State knocks at your door may well be to not answer even by the act of raising your fist." - Wendy McElroy, Whiskey & Gunpowder,



"The false premise which guides their decisions is that we can all grow wealthy by borrowing and consuming, instead of by producing and saving. People have been sold this lie for more than a generation. It is embedded in social DNA. In the current western economic system, you are rewarded for going into debt with all sorts of tax deductions. Save money, on the other hand, and you are punished through taxation and inflation. The incentives are all wrong; [unless the diabolical purpose is to enslave the masses] it’s no wonder that people have over-borrowed and overspent given that the system is so blatantly slanted to promote such behavior.

"Housing is one of the most interesting examples of bad incentives: tax policy in many countries encourages people to take out debilitating mortgages, and governments end up with a moral imperative to ensure home prices continue rising. This strikes me as truly bizarre. You’d think people would want housing costs to stay low and affordable, not rise. Nobody cheers when the price of healthcare goes up, even though they could just as easily profit by investing in any number of insurance companies. I don’t click my heels when the price of food goes up in the grocery store, even though we’ve been paid handsome sums from the bountiful harvests of our farm in central Chile. And let’s not forget how much turmoil ensues when gasoline prices get too high. Why should housing be any different? For the vast majority of people, a house isn’t wealth. It’s an expense. And wishing for this expense to increase is both foolish and destructive. Yet most politicians and central banksters in the west are frantically fanning the flames of broken housing markets, desperately trying to re-inflate prices.

"Here in Portugal, for example, housing prices have fallen dramatically. Housing has become affordable. Cheap, even. This is a good thing. Yet the bureaucrats keep trying to figure out ways to ‘prop up the housing market’ and distort prices, often through policy that is very unfriendly to homeowners. In the United States, the Federal Reserve keeps ratcheting down long-term interest rates and scooping up mortgage bonds in an attempt to re-inflate home prices.

"With so many Nobel Prize-winning economists backing these kinds of policies, it’s clear that the people in charge haven’t even begun to acknowledge the flaws in their intellectual framework. And if you can’t even admit that you have a problem, then you are light years away from solving it." - Simon Black,


A Libor Rigging Primer

Submitted by Roanman on Wed, 07/25/2012 - 02:08


Among those things that are interesting about this infographic is the source,


Since (at least) 2005, Barclay’s has been manipulating LI(E)BOR, and their traders have been allegedly pocketing $40MM A DAY betting on interest rate derivatives. If the LIBOR, one of the most fundamental metrics of our banking system can be rigged, can you imagine what other elements of our financial system are a fraud?


Exposing Barclays LIBOR Rigging Scandal


We are loving the "There May Be More Accomplices" part.

Yeah, like for example The FED and the Bank of England just for starters.

Then of course you get your usual suspects.



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