CNBC Bulltards - The Recession IS NOT OVER

[StockMarketVideo]

GREAT VIDEO! Thanks for sharing!

Happy Trading!

[kenjackson1977]

5 star KDenninger

[Elbottoo]

Everyone is bull nowadays. Stock market is up 50-60 since last December. HOW THE FK IS THIS POSSIBLE. AND WHEN IS THIS RALLY GOING TO END?

Is this the real deal?

[frequenceez]

@Elbottoo ...well its still going up even with the employment numbers. I think he made the video in July when the market seemed like it was turning around...good points though I think the angels are buying the market. It's unbelievable but hey the trend is your friend.

[dzirisenior]

You are a true Patriot, a real American like not too many left unfortunately. Everything you said is true ! This country needs to wake up soon or it might be too late soon!

Great job, as good or better than Peter Schiff

[LukeCoulson]

Dear Mr. Denniger,

It's like a dream come true. The illusion of wealth has run out of paper (however speculative or notional) and may finally be laid to rest . Honor no longer retains interest. Don't honour shit.

Yours faithfully,

Lucian Coulson.

P.S.You can't put the toothpaste back in the tube.

[PAZ0619]

Wow that is a damning remark! Nice work on the analysis as always.

[ViperWK]

This guy is brilliant.. Everyone you should subscribe and also rate his videos so they can get out there and be seen by everyone else...

[Stringbender666]

Are you nuts? This guy is a complete jackass ... I watch him for the comedy.

[denisdeveze]

i like his advice

[Mojo1982]

Keep up the great work!

[StandardJohnDoe]

Your lying, all lies, CNN and Financial Times does not lie, how absurd are you to assume that? nothing is wrong here- go back to sleep, be merry and reproduce and be a good patriot and pay your taxes and dont ask questions, --that's the american thing to do.

So stop helping terrorist with these lies, your aiding Obama and his terror network.

[temporaldisplacement]

Obama's terror network??

(b and s are quite far apart on a qwerty keyboard but right next to each other in what you say)

[PatriotReport]

I'm so glad there is still men of your caliber left in this corrupt world, Mr. Denniger.

[maximizeutility]

2Q GDP growth will come out later this month. Are you actually forecasting -30% GDP growth, or just simply something less than 0%, i.e., "the recession is not over." The latter is not much of a "call."

[shenmueryu]

well i mean if the recession is over then the depression has begun

[kancerzx]

USD = DEBT

[Stargirl70]

This man speaks the truth!

[lenny380]

thank you for some common sense

[rollinglibs101]

Very good video..I agree 100%..You got a new sub

[davincij15]

Got gold?

[guildd55]

Yeah! ouch the truth hurts

[newgtguy]

Why would you waste time watching CNBC?

[VivaMydick]

these analysts must be immediately arrested for investor fraud and theft

absolute vicious greedy criminals that are bought by even bigger criminals

[ChaiVat]

My question in short: I live in calif. My wife is a school teacher (secure job so far) Iam an electrical contractor (not too busy lately)

We have about 50-60K to buy a home. We're renting, while waiting to see if home sales continue to drop. We want to buy something to live in, not 4 investment. Should we continue to rent or buy if our mortgage and other expenditures, amount to the same as we're paying now? Or continue renting and keep cash in the bank? Thx in advance!

[spazznout]

ChaiVat........How good are you at catching falling razor sharp knives??? If you are a pros at that I'd say buy...otherwise keep a hold of your money and keep renting....The downside risk seriously out ways any potential benefit of buying now.

[ChaiVat]

Thank you for your response. I am hoping I get more feedback. I have been apprehensive so far, as well.

[badonkadonk34]

ChaiVat - here is my advice to you. Don't ever look at a home as an investment, You will make more money in TIPS in the long run and homes cost a lot more than the note. That being said, some people like the freedom of coming home to thier own place (I prefer renting) . Only use a fixed mortgage + if the annual mortgage payment is over 30% of your gross income, don't do it.

[ChaiVat]

Another great and helpful response, keep em' coming, thanks man...

[badonkadonk34]

That being said, homes will get a lot cheaper. Cali is a disaster and the Alt-A wave of defaults is right around the corner. Google "field check group" and read Mark's blog. Also, read up on "DataQuick" web-site. Great info. And take your time - you won't miss a thing. Good luck.

[ChaiVat]

Yeah, good point. I did mention to my wife the other day, that I believe we "have plenty of time" as far as what the real estate market will look like down the road. I believe (especially in Calif.) that things are going to continue to sink, possibly giving us that "buying advantage" if Jesus dont return 1st! :)

[vallylovesme]

They are killing us softly !

[newgtguy]

With his song.

[HomesteadAcres]

nice post 5star and subed!

[NiteSkyLookr]

According to "Joe" the recovery Act is working, everywhere he goes it's everywhere. Yea the Recession is over as much as the Swine Flu was pronounced over by Obama.

[trekyz]

why are you calling it a recession? Its a depression.

[RoastedOak]

call it what you want.. recession, depression, great recession... endless economic malaise

[SAHARA1155]

Question....Deflation or Inflation which is coming ....I keep hearing good argumentss for both sides....anybody, especially Mr. Denninger, what are your thoughts going forward?

[AirelonTrading]

Karl is in the same camp I'm in. Deflationary. He writes at a blog, and the videos here at YouTube is only about 1/10th of what he does.

[spazznout]

more like 1/100th...here lately he has been on a tare. It is a great blog with an awesome forum attached. I encourage anyone who wants to get a grip on this crisis in reality to stop in. You will become addicted as the truth really can set you free. KD truly offers the red pill to anyone willing to spend the time reading his daily blogs and his complete history of all previous blogs since the beginning.

****Warning blogs contain PG-13 rated material and the Forums are a solid NC-17 ;O.......

[chumbels]

fuck anyone stupid enough to buy stocks. and fuck bernie madoffs victims. greedy fucks. and fuck anyone stupid enough to get a flu shot. fuck you all. grow up. learn something.useless eaters?? yep. im glad the elite is gonna get rid of you.

[qs711]

YES THE RECESSION IS OVER AND THE GREATER DEPRESSION WILL NOW BEGIN. Alot of my friends have bought homes and wondered why i chose to rent. Now they are upside down on there homes and very very worried. Our state budget is in a rears by about 1 billion. But I still hope for the best, but have a sick feeling the worst is gonna come. Thank you Karl for your time and financial insight. You are very much appreciated. Please keep your videos coming, we all eagerly await them. Joe Q. Public

[pinkcheesegreengh0st]

Check out my Bulltard animation of Dennis in true form!

[UklaTheMokk]

The recession is over? So what CNBS is saying is, the greatest bubble pop in the at least 80 years is going to resolve itself in the shortest bear market in the last 80 years?

The other thing, the rally from March thru May that was bought up by GS, the PPT, and other banks and institutions was not accomplished through genuine revenue or anything legitimate. It was accomplished with money that was printed out of thin air at the treasury (about a trillion dollars worth).

We're going down.

[atlgothchick]

Thanks for helping to keep us informed with the truth Karl! Almost time to get ur gunz boys.... we're headed for chaos.

[FattKidd]

correction: tonnage has declined before. It declined during '82 recession. but, historically, avges 2% growth. last year declined 2.5%. This year, predicting 10.6%. It declined 4.5% in April alone. Year to year, decline in April was 13.5%. The sharpness of this decline is unprecedented. And, although freight industry analysts were predicting a recovery in 3rd Q 2009 six months ago, they are now saying we'll be down or flat for possibly 5 TO 10 YEARS! & may never recover to previous levels.

[kdenninger]

Yep.

As I keep saying both in the videos and TICKERs, WATCH THE HIGH FREQUENCY DATA THEY CANNOT F^#K WITH!

[FattKidd]

According to Trailer Body Builders magazine, freight tonnage is down 10.6% year to year. This is uncharted territory. It dropped by 2.5% last month! Here is the kicker: freight tonnage has NEVER, I repeat NEVER declined before this recession! Not even during the declines in the late '70s/early '80s did freight tonnage decline. The lowest figures according to this mag has been a 2% GROWTH! So, you do the math. In every other recession, tonnage managed 2% GROWTH. We just had a 10.6% DROP YtY!

[stinkyfart1234]

The Recession is over, the dang recession is going right into a dang Depression!

[pinkcheesegreengh0st]

Who in their right mind would believe the bulltards on CNBC.

I like that word for those controlled idiots.

[harshvgaus]

i just hope us gen y people can send the baby boomers to the gas chambers for enjoying their lives like parasites and handing us this mess.

atleast we wont need to worry about medicare no more

[kdenninger]

Now now I'm at the end of the boomers (45); you're not gonna gas me are you? :->

[itillbeme]

Karl - where do you put your money to earn higher returns than that of 2.25% CD rate at B of A. I have 15% in gold money(coins) and I currently think if I am not losing money in this enviroment I'm even.

[MzProgressive]

Bravo and"Here, Here!"

Every time Kudlow starts his 'pie in the sky rants' (last evening's was classic) I am laughing aloud... and I definitely an "amateur" investor. But those shipping statistics certainly do confirm what any average shopper could notice on their own - the stores (and shelves) have been emptying.

Thanks for telling it like it is, KD.

[markhmoodalee]

Come on guys, those turdbags at cnbc are only doing as they're told or else they'll be hitting the pavement with their cap in hand and contributing to that 'lagging indicator'.

[wrinkles1931]

OOHH Karl...Harry Potter is coming out tonight.......at 12 midnight, everythiing is okay now...

[chrism20]

GREAT VIDEO-->spread this people

[wepollock]

Great analysis;  JB Hunt abysmal, port traffic abysmal, rail traffic abysmal; thanks for the truth.

[fal2grace]

I've had it with them too! Thanks.

[Powdermonkey99]

Please people TURN OFF cnbc...

[AllahConsciousness]

If the dollar doesn't totally collapse by at least late 2010, then I'm not sure it will anytime in this decade. I still see teeny boppers runnin' around with cell phones, hot cars and the newest ipod crap, so I think things are holding together well in Arizona at least. Please God, taketh away their faggy ipods and 8 cylinder sports cars soon......Or unleash a zombie apocalypse, either one.....

[rasoros]

Devaluation of the dollar is not something I would be on. I'm extremely bearish but not on the dollar. I'm absolutely certain the economy and employment will suffer total devastation within 3 years but that doesn't mean the dollar will suffer the same fate. Think of FRN as a commodity... unless congress issues $100K cheques to every citizen (and non-citizen alike) the logical conclusion is that the value of the dollar will go up as productivity drops, wages drop, hours worked drops...

[kalatuppi]

Congress & Fed have issued the cheques for more than 100 K to every citizen - wall street has cashed in already..

[MzProgressive]

kalatuppi - Good point!

[lcbaudar]

Spot on rasoros. The hyperinflationists have it wrong. While I tend to my garden they will count their krugerands hollering about the amero.

[thefullmonte2003]

i like my 2004 mustang thank you very much.

[johnnyboyCT]

Thank God we have people like Karl to cut through the BS of the state run media. His website is a must read on a daily basis.....

[mejt223]

THANK YOU KARL

Geez, I was starting to think I was the only one. I guess Ive been beaten down by the bull stick of the media and cnbc.

Hat tip

[rachelabombdotcom]

That port info is a dirty little secret. No one wants to talk about it but it's a terrible sign of what's really happening. Thanks for the info K!

[lacker101]

Only greenshoots I've seen around here are the lawns of empty homes that have been for sale 1 year+

[moguai12]

nice commercialfor you. Every body knows that (in Europe) the recession is not over. Only americans think its done. The recosion will be over in 1 or 1,5 year. And smart people know that the short term is the best way in recession, and for long term investing we must wait. TY

[0PsycoDad0]

XD! Is the American economy in THIS bad shape, Mr. Denninger? Perhaps you should try a little "Abwrackprämie"?

We did this over here in Germany it perfectly proped up the shaky balance sheets from car manufactures. Maybe CITI can "improve" it´s balance sheet too. Yeah just start subsidizing write offs..

XD! Sensible i know...I´m just curious about the next moves by our "expert lead" governments!

LOL!

[justjacqueline2004]

Karl,excellent video,wish we had honest financiers here in the UK.Here we have a media(the good ole BBC and FOX)who are bending over to the government and it tyranny of lies.The BOE tried to tell the truth and was laughed at,our own central bank!Enough,now FOFOA is reporting a collapse of currencies is imminent so what savings we have are doomed.Where are the safe havens for cash if the currency is unsafe?

[linux23dragon2008]

Its Silver time !!!!

[Ntone606]

Good stuff Karl! I moved into 100% cash in June. Time to leave getting your face ripped off to the green shoots brigade.

[demensha23]

They should of tuned into Oprah..Suze Orman was the guest and shared her ideas for a "Recession rescue" Tighten the belt, cut back and Save.Great advice for a consumer based economy lol. She also had tips on how to collect unemployment. What really got my attention was when she said "things won't look hopeful until 2015", and she agrees with everything the Govt is doing to "fix" the economy. The MSM has gone bonkers..watch too much TV, and you'll have to shave your palms every morning.

[StandUp555]

Well said Karl.

How much longer will these ***holes keep lying to us ?

[xorbe]

MSM isn't there to tell the truth -- they know that already. Their job is to keep the sheeple pacified. Although what you say about the economy is true, you're sort of preaching to the choir I suspect ....

[ACCParty4USA]

Join us...

[bowenbo]

Karl:

I understand and I think you are totally right when it comes to economic fundamentals...

However, I know you are a technical analyst, and as one, you now that the trend is your friend.

Long term trends, defined as a 150 day MA turned south on late 2007, signaling the coming bear market and economic recession...Well right now those same averages are pointing up on the DOW, S&P 500, Nasdaq, CRB index and emerging markets.

The market knows the economy sucks, 0% interests inflates assets.

[manavbaby]

bowenbo, its not about long term or short term moving averages, it is about fundamentals, and fundamentals are shaken to the base. it is difficult to comprehend market strengthen with disaster painted all around the globe.

[boxwi]

stock market does not equal economy. bow may be suggesting that we are due to rally for awhile, despite the poor economy. he isn't suggesting that the economy isn't in the tank.

[manavbaby]

boxwi, point is well taken, maybe a good chance to exit stock positions before everything starts falling down :). but just shudder to think whats in the store...

[psxwarrior]

Man, this recession is just getting started. It's just getting warmed up. Just wait until it all comes tumbling down.

[bsaorders]

I give this video 6 stars - great great great - thank you for speaking the truth!

[KARStarla]

I second that, the media would say, "you cant handle the truth" (thats why they are liars) lol

The media (mainstreamLIES) has lost the publics trust thats for sure, their numbers are twisted

[CaliforniaArchitect]

That's my view too.

The economy is sick with bad debt, and the vomit bucket will be ready in late summer or early fall for the next multi year leg down.

[Zwikster]

Stack up gold and silver. their prices are being held down by huge short positions held by only 2-3 banks. Heavy manipulation.

[bo840]

Thanks Zwikster, but can you tell us WHEN that manipulation might end????

[Zwikster]

hopefully within my lifetime, LOL

google "Ted Butler" and read some of his articles on the subject. He is the main man following the manipulation of Silver closely.

also google "GATA"

enjoy :)

[mcgrawtim123]

It's already over. We've all lost 30%+ of our assets and dividend income so far in this collapse.

The economy is just catching up to that 30%+ loss. The ripples are still going across the pond.

Tell us when the pond/markets reach zero point again.

[lightleague]

Hi Karl! Great work all around.

[becauseicare2]

We have heard this from the media, congress, fed for 18 months. Cover headline of Kiplingers May-June 2008 "the worst is over for stocks"

[joshrain1]

what is your take on gold/silver?

[mcgrawtim123]

30% less crap coming in from overseas sounds good to me.

[chena3]

buy everything

the market

never goes down again ..

[1mealperday]

sounds like payday loans

[LisaJ4Liberty]

Good video. I did see those jerks today on CNBC yacking about how the "financials" will get us out of this mess. I guess with the masses of bailout money that's being stolen from the people and given to them to do more crocked deals?

Makes sense I guess...

...to a bullTARD.

[BeatsRoyale]

The U6 is at 16.5 unemployment, and rising. I have a feeling we will hit 20-25% unemployment, by next year or two. The BIG year will be 2012

[icuucantcme420]

I know retail and I've see the inventory drop since last xmas and been hearing of the decline in shipping since then. I see it first hand with my own eyes. less and less plastic crap coming our way but that can be a good thing

Peace from SWEET

[tbirdwagonman]

Good video Karl. The 30% down year-over-year number is exceeded in some areas of petrochem. And you are right, ANYONE following the advice on bubblevision is foolish and, IMO, is going to take another serious hit like last fall.

[imtang0708]

Tell it like it is Karl! The majority of Americans don't buy this bullshit either!!!

[becauseicare2]

Maybe I am misinterpreting your statement. The majority of Americans still do not understand what is going on. I hear from most each day that things are getting better..because they heard it on tv. 15 year financial advisor who began warning thousands of clients beginning 11/07..some listened. Thanks for the video Karl.

[becauseicare2]

The 15 year financial advisor statement was only to give background, thats peanuts of time to a lot of people who are much smarter than I am around here. Take care.

[imtang0708]

We don't have to understand what's technically going on to know that the economy still sucks. We hear thousands of people losing their jobs weekly and it's not because the economy's getting better it's because it's obviously getting worse! The newly unemployed will be losing their homes too.

[stephen5237]

The Recession IS NOT OVER! Was it over when the Germans bombed Pearl Harbor?

Who cares what CNBC talking heads think? You are wasting your time by engaging them.

[1mealperday]

germans bombeb pearl harbor not

japan did the inglorious thing

[waldentree]

WRONG! The recession was over when the yanks nuked Moscow and Stalingrad, dontcha know .....

X )

-- damn commies --

[wrinkles1931]

Yes, it ended when the GERMANS bombed pearl Harbor

[wrinkles1931]

Go to California, you'll be able to get them legally soon...

[TracyM1974]

Great job as always. This fake rally is making me ill. How can anyone believe the recession is over when so many are unemployed, homeless and hurting. What a load of crap!

[DEMCAD]

The recession is over. The depression has begun!

[Dewdaahman]

what's the Baltic Index doin'..?

[BendoverBernanke]

The small stores in my area have half empty shelves. These are stores that have been around for thirty years. My local regional bank was told to raise capitol by Sept 30th or face liquidation. What a recovery!