You do know how this all ends, right? All of this bickering back and forth on the debt ceiling is sure to nuke sentiment. This is now headline shit and every jackass American with an ax to grind is going to prognosticate doom and bloody gloom. Have you been looking at corporate earnings? One monster miss after another. Couple that with the fact that we’ve never had a string of sub 2% GDP numbers without diving into recession shortly thereafter, I dare say we’re cooked.
In such an environment, one that imposes harsh austerity on the United Steaks and bedazzling ineptitude by our leaders, REPUBLICANS INCLUDED, deflation will reign supreme. The Senator will wish to have a word or two, regarding this outrageous claim. However, I will not permit him to eat his cake and do push ups at the same time.
We’re either balancing the budget and diving lower, as we should. Or, we’re printing FUCKLOADS of money, which will lead to the motherfucker of all bubbles, resulting in the most spectacular blow up of all time. People will saw off their own fucking legs. That’s how bad shit will get. Hilariously disastrous.
In a way, we’re at a cross roads. The politicians are doing us a favor, believe it or not, by dealing with this issue now. We never should have rallied 100%+ off the lows, since the economy is still dreadful. We went up on cheap money, hookers, and lots of cocaine. It is clear to me the choice is being made to take our medicine and “eat our peas.” I know for a fact, the good Senator from Kentucky hates peas; but he’s gonna have to eat them one way or another.
There will be trading opportunities, due to the opaqueness of the future. However, rest assured, should we implement harsh austerity, we’re going to 9,000 or lower.
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1st
Allow me to assist you, EXK King. The line is:
The Fly is God.
so what
Is that you Horatio? Been a while.
We are fucked
I wish I was fucked some more!
Also married I presume?
From the future…XIV will be up or down tomorrow?
Testicles are on ice. I have been told they are only good 24 hours detached from the host.
Dude, it’s the opposite of volatility. You thinking things will be calm and quiet in the morning?
bull the sky is falling, still in concrete house w/ concrete roof, however there is a light at the end of the tunnel. look to gld for pos, if gold drops all clear, if not.. so my play is buy gold.also safe haven in oil,nat gas cause we all need fuel.
S&P should just downgrade us now. We are pretty much an old dog “out back” and the farmer has just loaded his shotgun as the children are crying. Just put me out of my misery.
…I wish I could just delays going to work or delay paying my bills.
So this is what 1936/7 looked like.
So buy gold and silver in size? Did it in 2001-2003. The printing must continue.
Gold will be at 200 if we enter hard austerity driven recession.
Mega deflation then? Store water.
bs
He is correct. Gold is not immune. If we go down, everything goes down. And besides, since Bernanke is an “expert” on the depression this means that he will have to start WWIII to get us out of it.
yea but not tomarrow
How about a civil war? I hope he studied 1860 very good too.
I’ll saute my Johnson and wash it down with a nice Malbec if we stay above 9,000.
moved to gld today 30%
in ret acc,
Moved to 95% cash in retirement account today…in an end of the world scenario, even gold will not be spared.
good thought, but now gld is good, dont run for the doors until ya need to.
think about what your sayin, it will happen tomarrow?
Better than cash.
If they go ahead with full austerity, it might make 1937 look like a picnick.
It’s like you’ve been possessed by the Ghost of DevilDog.
So, the Dems call it a “crisis” and they get ripped a new one by the right wing pundits, but Boner calls it a crisis and…no problem.
It’s not a crisis unless a republican says it is
Anyone who has tried to understand how big a trillion is recognizes that it is well and truly a crisis.
The difference is that the Dems feel the crisis stems from Not spending more of our money while the Repubs feel it’s a crisis of spending too much.
9,000 on the S&P…..awesome!!
Will you finally stick your neck out and short this market!
we’re getting downgraded!!! party with cheap dollars and throw them at strippers while you still can.
hey guess what guys, the worlds gonna fucking end, get your canned goods and that other shit….. not.
Always had a vision of people jumping out of skyscrapers from history class on the great depression. Maybe I’ll head up to Chicago business district Tuesday evening and bring a bottle of the good stuff.
Lee Adler’s plan for the budget excerpted from here:
http://wallstreetexaminer.com/2011/07/28/cooler-heads-must-prevail/comment-page-1/#comment-290769
“End the private medical sales industry ripoff of the American people, cut the military budget by 2/3 and raise taxes to levels commensurate with the rest of the world and the problem is solved.
Or you can choose low taxes and no social safety net. Then you’ll have to pay for the walls and security gates around your home, and for the all the new prisons and the paramilitary guard that you’ll need for your security if the minimal social safety net in the US is dismantled. Then of course there will be the loss of freedom that will go with that.
Welcome to Paraguay. ”
———
“I say we end industrial welfare altogether. Stop the farm subsidies to the ADMs and Cargills of the world. Stop the foreign tax credit dodge for all multinationals. Stop the profligate weapons spending, and for god’s sake stop the subsidies to the drug makers for ripping off the American people. Oh yeah, stop bailing out bankers. Stop taxing hedge fund managers at half the rate of everyone else. Stop giving capital favored treatment altogether and give equal value to labor. Raise the estate tax.
And stop the biggest tax ripoff of all, the zero interest rate policy that has ripped off the life savings of millions of America’s senior citizens, my mother included. This is a crime against humanity. Instead of worrying about interest rates going up, we should celebrate the idea, so that people can earn a decent return on their savings, instead of having them confiscated to benefit the bankers and the government.”
lets see the gov has taken control of car manufactures, housing, healthcare, and banks. whats left?
We have socialized the losses but privatized the profits– so we have the worst of both worlds. I am not at all in favor of socialism, but if we had it, at least then we would nationalize the TBTF banks and we would get their profits, not just repeatedly bail them out of their losses like we do now. Now we suffer the losses without getting any of the profits. Insane.
We should either break them up or regulate them if they are TBTF. Most regulation by government should be abolished. But TBTF regulation is necessary to avoid repeatedly bailing out big banks because of the fact that if they go bankrupt they bring the whole economy down with them.
see thats what they want u to think, think for yourself. was this manufactured?
No. It was not. What about it do you disagree with? How can you not see that we taxpayers bailed out the banks and suffered their losses, yet we are not getting their profits and they are giving out gazillion dollar bonuses to the execs who were driving their banks into bankruptcy before taxpayers bailed them out? Are you blind and deaf?
nope not blind or deaf, stupid maybe. but dont let emotions guide your trade. perseption, reality sometimes r 2 different things.i am good ican catch fish from my boat, or buy at the mkt….
Sorry. That was rude of me. I just couldn’t understand how you couldn’t see that we taxpayers suffered the banks’ losses but didn’t get their profits. But perhaps you were referring to something else in your comment about “was this manufactured?”
These message boards can be hard to follow at times. The web site with Lee Adler is something that I agree with most, but not all, of. When he has similar viewpoints to mine, he expresses them more eloquently than I do, which is why I posted excerpts from his stuff. Even if one disagrees, he states his case clearly enough that it is useful to think about.
i agree with you im sorry u misunderstood,
I apologize for throwing a hot slice of pizza at you. Gosh, this politics stuff can make me and plenty of other folks crazy. Have to calm myself down, so I don’t push people away who could otherwise become friends.
my point was to say they manufactured the bank bail outs to fuck the american people
Yes, that does make sense.
i hope u were throwin chicago style pizza w/xtra cheese
Allowing anything to become TBTF was/is part of that plan.
Throw in the insurance companies with it. If we gotta take losses for AIG, why is it taboo that the taxpayer make profits? Why do they get to write all the good policies but we get to insure National Flood Insurance(loser) and Florida has to insure Wind through Citizens Insurance(another loser). Fuckin high browed bookies that don’t pay their bets most the time anyways. Dog lickers.
good post
The expensive properties on the water are subsidized by all taxpayers for the privileged as the insurance companies are smart enough to avoid that risk. You’ve just identified another form of reverse redistribution of capital … Vineyards, Cattle Ranches, Hummers, Mansion Mortgage Interest, 2nd Homes, etc etc etc etc …. all things in which the middle class or poor seldom if ever partake.
You nailed the “Flood Insurance” issue. I forget about that in these arguments until hurricane season. It’s an easy fix to grandfather it though. Change the law so 1) no new policies are written, and 2) when the policy pays out the land reverts to open space and is owned by the feds. I really hate subsidizing people’s beach front properties. They never help me pay my insurance.
Beautifully said!
Imagine that! A thumbs down for saying “Beautifully said!”
It”s no wonder Congress can’t solve the debt ceiling crisis!
So many assholes just about everywhere!
Too many data points tomorrow to sell off too much tonight.
Everyone here seem to know fuck everything, when really you know fuck all!
LOL Chinaman…Beautifully said!
Adler, 1 more excerpt:
“We have the weakest social safety net in the developed world, and the lowest taxes, yet the haves still complain about the have nots getting too much of the pie. Truly disgusting. Whatever happened to loving thy neighbor and caring for the poor. Nope not in the US. There it’s I got mine and my guns and I’ll use ‘em to keep what I got just so long as I don’t have to pay taxes to support the basic needs of human existence.
Do we want the greatest war machine in the history of the world that wastes trillions on military misadventures and makes weapons makers fabulously wealthy, or do we want a humane society, the choice that every other democracy in the world has made except ours. When the establishment has convinced 35% of the people that the only issues that matter are gay marriage, abortion, guns, and keeping poor people and the elderly from receiving benefits, and middle class people from getting access to health care, then we get a failed state.
I say let the right win this. Give them their cuts without tax increases. Then we can have an election a year or so down the road where the electorate has finally awakened to the real issues of what kind of society we really want.
But if you want to take away benefits, lets take them away. The first one they should take is the mortgage interest deduction. Why the hell should tax payers have to subsidize someone else’s house payment? A lot of people don’t have mortgages, yet they are still subsidizing millions of people to help pay their mortgages. Why should I pay for your choice of borrowing money to pay for a home?
Besides which, ending the mortgage deduction would stop subsidizing the homebuilding industry, and the house prices that are inflated by 25-30% because of the government subsidy. That drop in prices would end the need to subsidize mortgages at all. Everyone would be better off.
People who argue against social welfare are making no less an argument. It’s an argument against the transfer of wealth from the haves to the have nots, yet they are perfectly willing to be in favor of the transfer of wealth from the bulk of the people to those at the top through government programs that favor and provide benefits to the corporate executive class and to the owners of capital. They want to do a reverse Robin Hood where they take from the poor the meager scraps that they have been given, and give it to the rich.
Well, yeah, I’m against that. If that makes me a liberal, it is a label that I am proud to wear.”
The have-nots in the States still generally have a lot more than a lot of the “haves” in butt-fuck nowhere countries (the corrupt/lazy/low average IQ ones).
Though I agree with his anti-warmonger and removing mortgage interest deductions. That makes me a liberal (In the classical/british sense).
There should be a tax credit for outright home ownership only. An incentive to be solvent
Makes no economic sense. The home mortgage tax deduction was put in place to stimulate the building trades. There should be no tilting towards either renting or owning. One way to get rid of it is to eliminate the ability to use it on a second home, then reduce the benefit over time so it does not dump on an already soft housing market. I don’t think this will ever happen.
I’ll take the war machine. It sounds less gay.
I’m waiting for the next 700 point down day. This time I won’t think “this has to be some kind of technical glitch”.
And then what will you do? Short from there?
hey when u guys r sellin tomarrow ill b buyin,
Elephant balls!
That’s wonderful Razor. I wholesale lingerie!!! Shall I send you a catalog?
yes i think id like that
When your back’s against the wall
When your states and cities fall
When there’s nothing left but alcohol
DAMN IT PRINT MORE MONEY!
Wow IQ’s around here are dropping as fast as the futures. The softness in earnings are mostly Japan related (did everybody forget that apocalyptic disaster). Sure there will be cuts to spending but it will be a far cry from austerity.
The debt ceiling will one way or another get raised and the system will remain liquefied by the Bernank.
12631…remember?
gosh, reality what a concept.
Wrong
your wrong is blocked, lol
Fly, as such isn’t that why Obama is willing to veto any bill with cuts?
He has to pull a fucking fruit salad out of his ass and will do so or the prison planet prophecy will ring true.
The funniest part is the ZHs thinking their gold will save the day and they have been dancing and waiting for this fucking idiots
I till think EO or something will happen the G in the GDP formula needs to fill the gap of C
I don’t get why no one understands that. Not to mention the Corp jet class has the majority of their $ in financial assets and going to 450 on sp like some pundits say is not an option for them
Some BS deal will be done and yes we will pay the piper I just don’t think it yet they will continue to kick the can down the road. The bearded one will fight deflation with lowering rates across the curve and they’ll fucking legislate that you MUST own treasuries in your pensions etc to fund this obscene retardeness
Rant over scotch done. Good night
Good night.
Inflation MUST happen sooner or later btw.
Is this what you’re talking about when you say, “I have seen the future and it has lower stock prices in it?”
lol,
And when the dow gets under 10000, he’ll begin to type guttersomely once more! Oh, wait…
Sounds good to me, let em melt the market down, we’ve trashed the middle class over the last ten or fifteen years so now lets go after the Tiffany and Coach crowd. Let them join in the pain.
I fail to harbor any empathy for the middle class. These are the same idiots that spent money, that wasn’t theirs, like drunk idiots, for years on end. I’m so sick and tired of listening to people bitch about i-bankers ruining financial markets, and the global economy. Perhaps if Johnny Middle-Class used even the slightest bit of common sense, and was even minimally skeptical when a bank approved a guy grossing 40k/year, 250k+ to buy his palace, we wouldn’t be here right now. The middle class, to me, represents the stupidity that landed us here.
Can you please get beyond seeing your own social class as blameless and all good, and other social classes as to blame and all bad?
I don’t care what class you are in. There were a lot of reasons why this financial crisis occurred. And if you think your own class didn’t have a hand in causing it, you are full of it.
Friday Night Cinema selection: “Breaking Away”.
the sovereign island of singapore accepting refugees
money up front bitches
I love the smell of capitulation. You should wear it more often.
Capitulation smells alot like shit in your pants!
the pussies r gonna b runnin for the doors,
pussyies?
1 more fucktard on my spelling , come on…
Got to hear the IMF question the dollar earlier. How exactly will the U.S. Not borrowing money kill the currency? Our economy, maybe. Dollar, no.
here the thing if not the dollar than what, who? so for the time being, even today look at tresuries. nuf said
Austerity, ha ha ha. Crisis, what crisis. Someone would have to admit we’re in trouble. Not happening.
we’ll print “FUCKLOADS of money, which will lead to the motherfucker of all bubbles”
said it was so, months ago
song : http://www.youtube.com/watch?v=J7t0ZUeS1uo
lets party like is 1999…lol.
Yes, we will. But not until deflation brings the Dow down to 9000 or below. Bernanke can’t justify QE 3 right away before Q E 2 has had time to take effect, according to his theory, which says it will have an effect but there will be a time lag.
good point frog , all the kings horses and all the kings men …..
qe1 to qe2 lag is 7 months
qe2 just ended
“Gold will be at 200 if we enter hard austerity driven recession.”
Yup…Wicked deflation
Then a few years later we will see supply destruction and then eventually a recovery which will send prices to the moon because the supply won’t be there to satisfy demand. Inflation will rule the day.
Get ready for $200 oil when that turn hits.
Deflation will be great for anyone thats not a debt slave. Prices will drop and life will become much more affordable if you have a job.
Bingo
You forgot a zero in your destination oil price. (Though in real terms it won’t be that much more than now).
if we step in to nat gas we will stop givin r enemys so much, we been sayin for 20 yrs we want to get off foreign oil this is r chance..
Nat Gas is coming.
Cuomo saw the light and just approved drilling in NY state.
The key is being able to export it. Europe pays $14 for natural gas versus the $4 we pay here due to oversupply. If they find a way to be able to export it in large quantities then the gas industry will flourish.
The key is using it for cheap domestic energy. Your energy balance (importéexport) is too far from even.
Precious metals perform well in both inflationary and deflationary environments, you dickless wonder. Check your history book.
Didn’t everything sell off in 2008? Including gold, at least temporarily?
Don’t know about this time around.
america has givin me the best life i could imagin. people stil risk ther life to get here. i hope we continue to be the world leader, but with the current trends to regulate, fine inovators i dont see it workin out that way.under reagan nafta was to bring others to r levels not to bring us down to theres , but somehow its workin that way,we need more compassion but not welfair. not a fish but a fishin pole, we llost that somewhere.
Most things are over-regulated in the U.S., but the TBTF banks need to be MORE regulated– or else broken up– because we REALLY do not need to be bailing them out over and over again, due to the fact that if they collapse, so does the whole economy, due to counterparty risk.
But separated as we are into ideological camps, you get people thinking every breath you take should be regulated, vs. people thinking nothing should be regulated– even no FDA and let people sell you any poison contaminated food and drugs they want to. And no one in between.
No one practical. Everyone ideological. Insane.
RE NAFTA…..Yah……..that whole Tom Friedman/World is Flat thing is really working out well isn’t it?
Damn. What happened to “I’d rather kick the can down the road vs voluntarily enter a great depression”? Would an economic calamity somehow restore intelligence/ingenuity in this country? Or is this a “fuck all of you idiots, you have this coming” type message? In any regard, I feel that letting this country go to hell will be beneficial for one reason:
As a 25 year old guy, I feel more and more that the goals my parents worked towards in their lifetime will be something like resplendent dreams during mine. There’s simply no hope moving forward. I’m no fucking Nostradamus, but I can assure everyone that my generation, my kin, coworkers, alumni… will make even worse politicians, bankers, workers, small business owners, and parents than what we have today. The next generation to step in and attempt to ‘fix things’ lacks the minimum requirements needed for greatness. A generation of humans that have somehow managed to achieve to be able to think in binary, 100% of the time. A generation of spoiled, impatient, idiots in need of instant gratification when it comes to everything in life. Literally, I almost feel guilty being able to live in a country where tremendous opportunities have been available to me since birth. What have we given back to this country? Facebook? Cell phone apps? Perhaps robbing them of their American right to do next to nothing in life, and still live comfortably, will light some fire under their asses. Sorry you lazy fucks, working 40 hours a week (read: 10-15 hours of actual work, if you can even call those duties “work”) at your bullshit job will no longer cut it. The only way to wake people up is to withhold them from their pathetically easy lifestyle; at least for some period of time.
Maybe, just maybe, hardship can get this country on the right path?
In any regard, mean reversion trades are once again working VERY well over the past couple months. Until Congrass [sic] makes a deal of any sort, I’ll stick to quant methods/stat arb/pairs.
oh man, u sound like my kids…
they work hard live good and dont understand how come othesr seem to think it should just b givin to them
Hey, you sound pretty sharp. I am sure there are more 25 year olds like you. I happen to know a few.
But we can make one hell of a cup of coffee…
Agreed, but there is life out there in the youth, you have to look hard but in reality you have to look hard to find intelligence anywhere at any age. I’m 23 and sitting on $500,000 made by the market truly. I look around at people and it boggles my mind at how so many can be failures in nearly every aspect of life, from parenting to generally fiscal responsibility. The only thing that makes is easier to deal with is simply realizing that people in general have been borderline retarded since this all started, it’s no worse now that it has ever been and don’t forget it.
It all went downhill with the “playdate” and giving everyone trophies in Little League!
But isn’t that what life is about? Working hard(er), dominating, coming in first place(being successful, winning wars, etc), and then supporting the shitbags that we just destroyed? Lovely circle
I don’t support any jackass i just murdered, i laugh and walk away yelling “they didn’t know who they were fucking with”.
Senator Gint will be “doing the Hugh” in no time, indeud
I’d bet on stagflation before deflation. Deflation implies that you can buy more shit with your dollar and I can’t see that happening. I figure it’ll be the nasty combination of things getting more expensive while the economy drifts sideways.
Hooverism in 1933 is what we needed. Who’d a thunk it? Bernanke studied the depression and thought he knew all the answers.
gipper, please
fly u know my email pls send me yours tks
Flybroker at gmail
inside every old person theres a young person , sayin what the fuck happened,
Who brought unauthorized cinnamon?
So this Scottish goatfuckere says ” Aye Lassie, stick your hand under my kilt and you’ll feel something Gruesome!”
So she sticks her hand under his kilt and he responds, “Aye you see Lassie, it’s grew some more!”
Oh yeah and buy the dip!
Great thread, with a few good nuggets. Debt ceiling is a mirage. It won’t matter much in the end. No way they will let things out of control. Kick the can down the road, I’m tellin’ ya. Hoping inflation kicks in and saves real estate.
They want more time, it will happen. I will be buying any major dip.
-Hippy Dippy
Fear keeps the sheep in check. Gotta make them afraid. They will follow the solution laid before them after that.
Let’s bring on hyperinflation and accelerate the exports until we export our entire country and everything in it away to some benneficiary!!
Austerity scares the shit out of people so it won’t happen until AFTER the US defaults and comes up with some pussy ass 90 billion cut plan and we get the black man bad credit “racist” downgrade.
We really need to bring all military home, saving $1T a year and keeping our credit score while saying “fuck you Boeing/lockheed/etc. Lol, industrial military complex wouldn’t allow it.
Not having new money to replace the old is fine if the cuts aren’t super connected with all areas. I know military cuts means the parts used to finance everything takes a hit and nothings really immune bit we have to cut some area off.
Military complex is the only shovel ready jobs we have at this point.
So what? Do you honestly think society is better off by wasting resources and driving prices up so the only use of raw material is used to destroy and kill just because money moves and people are doing something? If you look past the money and jobs, you see it makes things worse.
Without it the cost of resources would be more affordable and others could be employed. What’s more the increased production at lower prices makes things more affordable and businesses can employ more and both the income and strength of dollar goes up. While cost of goods remains the se or go down
Excellent points, Nothuman!
The US spends more on air-conditioning its troops in a given year than it does on its space program. What sounds like a better use of funds to you?
In case you didn’t realize. This is 2007 all over again. Next year is 2008. Look out cause he comes the crash to end all crashes. QE3 coming, in an attempt to save it, but it won’t help. This market is cooked. Wasn’t it August 2007 when everything started to fall apart? hmmmm.
i saw it in march of 07. took them a year to see it.
Shit. I saw it in late 2004 and into 2005 when I saw families with $40,000 / year incomes building $350,000 home and signing up for deferred payment, interest only mortgages.
I thought to myself……….There is no way………just no way this is going to turn out well……….
I just wish I would have known what to do about and how to take advantage of it back then.
Why don’t we the people get prepared and have our own bullshit Federal Reserve system in place to lend money out of thin air at interest to the govt so it can survive. Then we will pay the profits back to the people by means of a yearly check.
How fucking hard could this be to pull off. Let the fucking system fail, as it’s obviously a simple matter of propping it up again, since there was nothing propping it up in the first place.
That system is already in place. It is called the annual tax day. Most people pay too much in taxes and jump for joy when they get a big tax refund. That money was their’s to begin with, yet they lent the money free of charge to the government.
You missed the point. He’s refering to a government owned central bank, rather than a privately owned one like you have now. The vast majority of “national debt” is owed to other privately owned central banks. Your interest (more than 40 cents per tax dollar) goes straight to the private european citizens for the use of the “money” that they created from nothing. It would be much better if that money went to government programs so that your country could prosper instead of the Banksters.
Something like a state bank only on a national scale.?
Ron Paul is right on this one. He says that they will print money to get out of having to cut spending. I full agree with him. He calls it an inflationary default. That is precisely what is going to happen. QE3 here we come.
I think the stock market will still sell-off in that scenario though.
Ron Paul is a fucking moron. He picked up a copy of Mises Human action rad it and now thinks he knows about the system and wants to close the Fed.
Not until he opens it up competing central banks first. Without the fed we would have 1/3 the debt we have now.
A few months there were all these fuckers here telling us the Fed was creating inflation, that it would end up in hyperinflation and would be the end of the world as the US would be worth zero.
Ron Paul was in on that caper.
Well where the inflation when it appears we’re heading for another dis-inflationary vortex again?
Paul is a doctor. He should have stayed with what he was doing instead of talking economics after reading fucking book.
He and other like him are dangerous morons.
There has been inflation. Add food and fuel inflation to the CPI. Dis inflation happens why? Because there is previous inflation that will be wiped out.
But Austrian economists are wrong about lower interest rates causing speculative boom. It’s rising interest rates that put pressures on banks to lend to get a return while encouraging capital and wealth to flow from overseas and people expect higher returns and are convinced that lending is in best interest while the govt inflates away currency despite higher borrowing costs.
Yes inflation happened.. at what 2.8%. That’s hyerinflation now is it.
Low fucking interest rates are a sign of weakness. They are a sign of deflation, not the other way round.
Anyone what to show my a country that has had extremely low interest rates and hyperinflation? Or is it the other way around, very high interest rates are a sign of very high inflation.
Paul is a fucking moron.
And now people are panicking about 2 quarter GDP when we knew it was fucking weak.
http://www.shadowstats.com/alternate_data/inflation-charts
And you sir are possessed with highly questionable intelligence if you actually believe the governments inflation figures. Or rather, any financial figures the our fine government puts out. Such bull shiess as we enjoy today from the soothsayers and wise men inhabiting the
actuarial desks of our government has rarely been seen outside of regimes like the Third Reich or Stalin’s USSR.
THEY JUST HAVE NO OTHER WAY TO TELL THE CITIZENS THAT YOU “HAVE” TO ACCEPT 5 BUCKS AN HOUR OR WERE DUST………you cant have a nation,if you displace and dispossess it’s citizens !…….i’ll be the first to donate my time and tools to band with citizen carpenter’s to build the gallows.
i have some friends that dont know that any of this is going on. they go to work come home dont watch the news, they enjoy there family and thats it.
precisely,the unwashed !
Love this bearishness! It surely means we go higher, once you all have cashed out.
The current state of America by good earnings releases: We are mesmerized by our AAPL iphones/ipods/ipads and GOOG whatever fucking crap we feel like while a pot of GMCR is brewing in the kitchen!
Isn’t that what Zombies do?
its lookin a bit un settled out there, lookin to buy today, deffintily.. i think,
I definitely missed out on the hookers and coke.
We are coming close to 52 week lows on CDN banks.
and there will be new lows
1/2st half was ratshit. We all know that, since then the economy has turned back a little somewhat. more importantly the banks reported in 2 quarter at better than expected.
I think the bank may be worth a small bet here.
not if we get a down grade
US banks are fucked. I only touch the CDN banks – do keep in mind they had absolutely blow out earnings the past three quarters with dividend increases for nearly all of them. Eye up the ones with the least U.S. exposure and the ones without increased divies yet.
Razor
I don’t there will a downgrade. But if there is how exactly does that impact the banks. A very large part of their funding is done from deposit bases at least for the largest banks.
In any event AA isn’t the end of the world and some I-banks research says it will do sweet fuck all.
opps I don’t think…
i think capital requirments will be affected
No they won’t.
Bond jockeys don’t give a shit about the rating otherwise bonds wouldn’t be trading better today.
It’s a big yawn.
Also, every trade that everyone is making right now is another commission fee to the banks – or your trading system, which in many cases are run by financials.
was putting in a buy lng @ 9.77, but it shot back up to 9.95 before i was done, hope it fills
Razor – keep an eye on CIBC if you like the bank trade.
Sorry, I read ING not LNG.
yea i should use caps, sorry
thanks,
we bounced off 1282, like a hotz po-ta-toe, obama will say something to calm the mkt, i hope, or we go into the abiss
i can see why congressman boehner crys , i dont think many americans would mind paying more, but i would like it to go to good ideas, not wastefull spending. the gov does not possess this capability. there in lies the problem. if we give them more theyll piss it away, as well as r future.
The government is very capable and efficient. It’s just that it is not serving the taxpayers. It’s serving the Special Interest Groups. If we voters stop voting for candidates who accept financing from Special Interest Groups, we could get the government to work for us, not them. Of course we need to find honest practical people to vote for, because who we vote FOR matters more than who we vote AGAINST.