My battlejacket not finished yet!
I worked on it for more than 2 years!

Metallica - Sad But True tee w. silver "glitter" in the writing (lol)... Skull with "I'm inside, I'm you" on back..

Municipal Waste tee with black/orange print (also made in black/red print)...

(Can't seem to get the pic to tilt right, sry)

Bought on ebay from some guy who makes these himself..
The print is pretty bad quality and faded pretty fast, but I still like it since you can't get any good white Misfits tees (old design) for a decent price. At least to my knowledge - please tell me if you know of it? Samhain as well...

(Can't seem to get the pic to tilt right)

Hatesphere - 'Oceans of Blood' tee made by Judd Ripley

(I don't know why the pic won't tilt right)

My new battle vest - under construction..
Second hand Levi's denim vest w. patches and batches..

Patches: Municipal Waste, Hatesphere (Denmark), Under Al Kritik (Denmark), Minor Threat on front and cut-out Slayer back patch.
Batches: Danzig, Razorneck (Denmark), Black Flag, Slayer.

From when I listened to a lot of punk, psychobilly and cross-over. Black, studded second hand Levi's vest w. Mad Sin- and Misfits-patches on front and danish Horror-thrash/-hardcore band Razorneck-backpatch..!

(Do not know why the pictures won't tilt right.)

Mayhem Australian Legion tour 2002 tshirt

Paul Krugman, last Friday:

But that’s not how Republicans see it [unemployment benefits]. Here’s what Senator Jon Kyl of Arizona, the second-ranking Republican in the Senate, had to say when defending Mr. Bunning’s position (although not joining his blockade): unemployment relief “doesn’t create new jobs. In fact, if anything, continuing to pay people unemployment compensation is a disincentive for them to seek new work.”

Dancing DeLay agreed:

Crowley pointed out that saying “people are unemployed because they want to be” is a “hard sell.”

DeLay responded: “Well, it is the truth.”

Without trotting out all manner of charts and graphs [BR: Ok, one chart] to demonstrate how absurd this position is, I’ll make one comment and ask a few questions:

Comment: This position — at its core — essentially labels Americans as lazy ne’er-do-wells who’d just as soon live off society’s largesse than earn a living. Is that really a position any politician would want to take? Does anyone else find that as offensive as I do? Anyone know someone who’s living on UI and lovin’ it?

Question for Senater Kyl and Dancing DeLay:  How would you explain the epidemic laziness that apparently afflicts Americans exactly at business cycle peaks, which is then somehow miraculously cured at business cycle troughs?

Interestingly, the JOLTS data was released just yesterday, and we see that there are still well over five unemployed for every job opening (near the recent record of over six, though there was an improvement in the number of job openings). The un- and under- employment rates speak for themselves. Comments like these should really be beneath any reasonable level of civil discourse. It is pathetic that they’re not.

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a original vinyl and a original CD of "in search of sanity" and a ticket to see them this saturday 13 with local thrash bands from my city (excepting national suicide)

hope you like it.

(yeah I know there's no t-shirt but anyway its an awesome band right?)

I highlighted this morning the importance of China’s CPI figure tonight in light of the possibility of an interest rate hike at some point in China following their attempt to cool inflation pressures and lending growth. With regards to the relentless US equity market rally where the SPX is just 4 pts from its Jan high, one asset class has dramatically lagged and that is commodities as the CRB index is 6% below its Jan high and is back to where it was 3 weeks ago. Due to China’s voracious appetite for commodities as we all know, the relationship of late is not likely a coincidence. Gold in particular is likely being impacted by China’s talk that they aren’t a gold bug at these levels.

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Source:
Carmen Reinhart: “Speculators Are Like Vultures,” But Don’t Blame Them for Greek Crisis
Aaron Task
Yahoo Tech Ticker Mar 09, 2010

http://finance.yahoo.com/tech-ticker/carmen-reinhart-%22speculators-are-like-vultures%22-but-don%27t-blame-them-for-greek-crisis-438798.html

Matt Trivisonno no stranger to these pages. He has set up a new site to do “Real-Time Tracking of the US Economy Using Withholding Tax Revenue:” : The Daily Jobs Update.

Here’s Matt:

“I’m thinking that if payrolls stay flat, the annual growth rate can move up to zero. But to move above zero will require that some new net jobs get created. I hope we get that, but in 2002 we had a massive real-estate building spree going on and creating jobs for every body from copper miners to i-bankers. We don’t have anything like that today.

So, I do worry that we won’t be able to run up to +8% as fast as we did last time.”

And of course, Matt has some new charts for us:

This is the daily plot of the annual growth rate of the raw data. Matt observes we are making the same pattern that we did at the bottom of the last recession in 2002.

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The next chart is also an annual, but plotted every 12 days to smooth the line. Its also adjusted to reflect when the April 2009 withholding tax credit went into effect. then, so I created a second data series to try and estimate what withholdings would have been without the credit. (Methodology here) With the adjustments, the curve has turned up decisively.

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Here are the Quarterly-Adjusted version (except for the last four quarters). Those four bars use the adjusted data.

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These charts are updated every day at: The Daily Jobs Update. If you want the most up-to-date, real time tax data, you can also become a paying subscriber to his site there.

Some pics I dont know i was bored

For the past 42 years, Bob Bronson (BRONSON CAPITAL MARKETS RESEARCH) has applied a disciplined, analytical approach to understanding and forecasting capital markets and advising investment advisors. Through his rigorous analysis of capital markets and economic data and his background in mathematics and financial economics, he has developed a number of unique investment concepts and refined portfolio-management techniques that improve returns and lower downside-volatility risk. To learn more, read his BIO.

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The Supercycle mean-reverting nature of the stock market is best revealed through its real total returns (that is, adjusted for price inflation and dividends reinvested), as illustrated in the chart below (See chart below).

The stock market’s performance over nine alternating Bronson Asset Allocation Cycle (BAAC) Supercycle Bull and Bear Market Periods (green and red shaded areas, respectively) create a robust high-low volatility channel, with parallel upper and lower boundaries showing growth of 6.6% annualized over the 139-year period.

Notice how Supercycle Periods have become increasingly emergent, as especially seen in rolling 16-year returns rather predictably peaking at 15% +/- 1% and troughing at 0% +/- 2% (see the lower panel of the chart), which further establishes 16 +/- 4 years as the average length of a BAAC Supercycle Period (Bull or Bear).

The S&P 500 index is currently at the same level as it was four to five months ago, 15 months ago and 12 years ago – that is, there are 0% gains over each of those periods, the latter of which especially has caused the 16-year Supercycle Oscillator to be approaching its predictable 0% +/- 2% trough.

We continue to expect the end of the current Supercycle Period (a Supercycle Winter, or deflationary Supercycle Bear Market Period) will be signaled by the Oscillator declining still further from about 5% at present to probably below 1% during the next several years, a forecast supported by our Supercycle fundamental valuation and other indicators in our forecasting models.

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click for giant chart

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The monthly real total return index used in this chart is from our uniquely compiled capitalization-weighted index (CWI) of all exchanged-traded US common stocks which, along with several important enhancements explained below, splices the S&P/Wilshire 5000 Composite Index with a database going back to 1870 that is maintained by Yale professor of economics Robert Shiller: http://.econ.yale.edu/~shiller/data.htm.

Our CWI contains only common stocks, which currently comprise some 6,000 of the more than 10,000 securities currently traded on the NYSE, NASDAQ and ASE. It excludes the more than 4,000 non-common stocks, which would otherwise constitute statistically-distorting data that is duplicative or irrelevant.

Shiller’s database splices the Cowles Commission database from 1870 to 1926 with the high-quality, no-survivor-bias, CRSP database, as explained here: http://en.wikipedia.org/wiki/Center_for_Research_in_Security_Prices But instead of essentially smoothing data as Shiller does by using the average of daily closing prices during each month, we prefer not to smooth and instead to track very important mean-reverting bull-bear volatility. Thus, our CWI uses intra-month, cyclical bull- and bear-market high and low prices, identified in exhibit E: http://www.financialsense.com/editorials/bronson/model.pdf, which we substitute for month-end prices for the S&P 500 Index since Dec 1949 and for the S&P Wilshire 5000 Composite Index since Apr 2001.

Further, in order to capture as much meaningful price volatility as reasonably possible for the even earlier monthly data prior to 1950, we’ve replaced Shiller’s monthly averaged data with Dow Jones Industrial Average intra-month cyclical bull- and bear-market high and low prices going back to its first availability in 1896: http://www.djaverages.com/index.cfm?view=industrial&page=reports&show=performance&symbol=DJI

All of this spliced, expanded and more refined monthly CWI data is further enhanced by presenting it as a real total return index, which reveals Supercycles better than more popular presentations that do not adjust for either dividends or price inflation.

Subscribers to our private list may request a fully detailed and easy-to-maintain spreadsheet of the 139-year price-only, nominal-total-return and real-total-return history of our monthly CWI index, not otherwise available, for their private, non-commercial use.

Alright fellas… We’ve had one hell of a tech week and now it’s time to figure out who’s gonna take home the super bad ass die cast from GMP. The folks from GMP had a top secret meeting with our tech editors just last night. They met in an unmarked warehouse located on the bad side of Cleveland, OH. Using the light from a few carefully placed BLC headlights, the group discussed which posts would get the lucky seven nominations. As seemingly always, things didn’t go as smoothly as a peaceful man would hope. Fists flew, blood flung, and even a few noses were broken. In the end though, they were able to settle on seven fantastic posts.

Now is your chance to vote for your favorite. CLICK HERE to do so.

Special thanks to GMP for donating the incredible prize and to all of the folks that participated. Seriously… You guys rule man.

Jan inventories at the wholesale level unexpectedly fell by .2% vs a forecasted gain of .2% and Dec was revised lower by .2 of % pt to a decline of 1%. Durable good inventories fell across the board, in auto’s, computers and machinery partially offset by a rise in nondurables, led by groceries. Auto wholesale inventories have now fallen for a 3rd month. Machinery inventories fell for a 12 straight month. Because sales rose 1.3%, the inventory to sales ratio fell to an all time record low of 1.10 from 1.12. Bottom line, inventory restocking (which statistically lifts GDP) has still not handed the baton to stocking likely due to the still uncertain outlook with final demand. With this said, inventories are very lean and even the slightest pick up in end demand should lead to the eventual restocking.

This is dead pan brilliance:

Maritime Ship Construction and Environmental Concerns

Back to work!

Dead pan genius!:

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Reminds me of earlier Bird & Fortune videos:

• Banking with Bird & Fortune
• Silly Money, Part 1 & 2
• How the markets really work, Subprime Crisis

A countdown to the opening bell, with Arthur Cashin, UBS Financial Services director, floor operations.

Airtime: Wed. Mar. 10 2010 | 8:50 AM ET