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  • jd_bozeman jd_bozeman Mar 5, 2013 5:52 PM Flag

    Tyler put this ever so simply in the CNBC pumped euphoria - however only a few non-Obamians will get it; see below:

    "Mission Accomplished" - With CNBC now lost for countdown-able targets (though 20,000 is so close), we leave it to none other than Jim Cramer, quoting Stanley Druckenmiller, to sum up where we stand (oh and the following list of remarkable then-and-now macro, micro, and market variables), namely that "we all know it's going to end badly, but in the meantime we can make some money" - ZH translation: "just make sure to sell ahead of everyone else", just like everyone sold ahead of everyone else on October 11th 2007, the last time stocks were here...

    GDP Growth: Then +2.5%; Now +1.6%
    Regular Gas Price: Then $2.75; Now $3.73
    Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
    Americans On Food Stamps: Then 26.9 million; Now 47.69 million
    Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
    US Debt as a Percentage of GDP: Then ~38%; Now 74.2%
    US Deficit (LTM): Then $97 billion; Now $975.6 billion
    Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion

    I know I'll be dancing closed to the door when the music suddenly stops

 
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