Okay, we have European markets spiraling lower, due to Italian bank fears. In addition, people are worried Congress will “TARP FUCK” us with a debt ceiling vote gone bad. The ISM were disappointing. However, the economy has been vomiting on itself for awhile now. The truth is, we need some more free money bitch. Like crack addicts, the markets needs that good Bernanke shit, in order to get us going again.
Fuck all of the fears of inflation, if I might be so bold. Should we let things roll down hill, the deflation will be so ridiculous, you’ll be coerced into sawing off your own heads. That’s how painful it will be.
Going into Jackson Hole, like a hooker looking for her pimp, ALL EYES ON THE BEARDED CLAM.
Let me be clear (NO OBAMA), should Bernanke sit on his hands and watch us melt the fuck down, I am a 10x seller of this market. Should he implement QE3 or Congress allow corporations repatriate assets back into the US, tax free, I am going gorilla long to the upside. Everything you see now is simply child’s play. No one gives a shit about 8/1/11 @ 10:43am. Only pikers are relying on today to set the tone. The real money will be made from September through January.
Don’t get your brains twisted into pretzels. Go eat a fucking sandwich or two, chill out, and try to exhibit a semblance of patience, you ADD addled misfit.
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I only wish that congress would vote down the debt deal. It is such a bad deal we might be better off without it.
HAHAHAHAHA. That’s fucking funny. Tell us another joke.
I like the, “if I might be so bold”, comment Grady.
Obama entered office with sizeable majorities in both houses of Congress. He had the opportunity that comes once every several generations to change the trajectory of this country. He gagged on it, and sent it in steeper decline. He had no experience, no common sense, and (now obviously) no clue. Rather than promoting private enterprise solutions to a cyclical downturn in the economy, Obama opted for the oft-discredited Keynesian trap and decided to grow government while along the way paying back the “elite” leftists and unions who helped elect him. This country succeeded because of freedom and individual opportunity and initiative; Obama’s agenda is predicated on control and dependency so he and his political class cronies can stay in power
Ahh, hindsight. Go read your Rogoff and Reinhart, we were’ fucked no matter who was in the house.
Hindsight my ass. It’s not like he disguised any of his plans, or his voting record wasn’t available.
People just chose not to pay attention and went for the young handsome guy with the nice voice instead of the dude who looked like he was going to keel over any second.
As always, I blame the GOP calculators who “settled” once again for the milquetoast Bob Dole candidate instead of a conservative the base could get behind.
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McCain wouldn’t have done any better either. Mainstream Republicans are not fiscally conservative. They merely spend without raising taxes.
Agreed, main stream Republicans suck, but at least they aren’t stupid enought to attack (or “restructure” to be kind) the private sector in times of Recession.
Only Franklin Roosevelt, Jimmy Carter and Obama have been that dumb.
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I blame Mike Huck-a-phony. He split the base in the primary and ushered in McCain. Romney is far from perfect but he would have run a more effective campaign and possibly defeated The Anointed One O’bama. Huckabee was the Ross Perot of 2008. Probably a nice guy, but didn’t stand a chance and refused to get out of the way. Thanks Mike.
Actually, I agree.
There are few people I can stand less in US politics than that used car salesman.
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I don’t know which president you are watching, but Obama is about as left as Richard Nixon. In fact he is probably to the right of Nixon.
MUST BLAME OBAMA FOR EVERYTHING, ZOMG !!111!! Unions and “elite” leftists? Are you fucking kidding me?
Fuck off you leftist commie. Shouldn’t you be reading msnbc blogs or watching whale wars
Fuck off you fascist Nazi. Shouldn’t you be reading Fox news or wiretapping your mom?
EVERYONE SHUT THE FUCK UP.
“wiretapping your mom”….roflmao
Obama sure ain’t helping anything. Name one economic policy that was a net positive rather than a net negative?
$900 bn stimulus?
Obamacare?
Nationalizing (stealing from bondholders) GM and Chrysler?
Gas well drilling bans?
Increased regulatory burdens on the energy industries?
“Green jobs?”
Dodd-Frank Banking “Reform?”
NRLB filing suit trying to block Boeing’s planned multibillion dollar plant in SC?
(Sorry I keep returning to that last, but that may be his most Stalinist move yet. It’s utterly despicable.)
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Are you serious?
Nixon imposed price controls in order to get the Left to like him some. He might have had better luck trying to pet poisonous adders.
However, Nixon never had an NRLB try to stop a multibillion dollar corporation from building a factory in a state that might not be as friendly to his labor cronies as he’d like.
Nixon never once thought national healthcare was a good idea, and was no fan of nationalizing entire industries.
Nixon was a jerk, and kind of a RINO, but to the left of Obama? Holy shit.
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Obama is to the right of Bush.
This could actually be true if you are looking at the political world as a sphere, whereby your candidate — like Magellan — has sailed the good ship Executive Branch so far to the left that he can no longer see the Island of Jimmah Carter, and he’s now seeing the Bush Archipelago coming up on his western horizon.
Land ho!
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Land Ho!
A fabulous Cape Cod pub in Orleans frequented by Tip O’Neill
I’m surprised you haven’t seen this: http://goo.gl/fks9A
(Yes, I can probably guess you would say he’s not a Republican anymore, but I think it’s an interesting read on the situation. It how the Progressive Caucus would see him. Remember I live in Connecticut. Chis Shays is a conservative up here, and Joe Lieberman is about as far right as anyone will get.)
@Jake my comment was in response to your “are you serious” comment. 🙂
I can’t see that page for some reason… likely because of the ridiciulous fire wall sitch here. I’ll take a look this evening.
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Just google Bruce Bartlett Obama Nixon.
Bruce Bartlett is a crank trying to get noticed.
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LOL!
True story. He pissed off too many people at NR and got shunned, and now he’s agitating for the left. That article is full of a lot of “left out” analysis. I’ll go through it w. you if you like.
Bartlett’s like that other clown who switched teams and started Media Matters. I don’t put Arianna Huffington into this category, as she was always just an opportunist. Look for her to change back when its convenient.
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Yeah, I know the story. What’s “Left out”? I read it a few days ago.
Not very important, but,NIxon did have a health plan.
President Richard Nixon’s Special Message to the Congress Proposing a Comprehensive Health Insurance Plan February 6, 1974
Our government works on a strict ROI model. The Special Interest Groups who finance campaigns “invest” money in politicians, and then they get an ROI ljust ike if they had bought GOOG at its IPO. Voters, consumers, and middle class taxpayers are all routinely thrown under the bus.
The Special Interest Groups that have bought Dems are overlapping with those who bought Repubs, although there are a few differences. But no matter what party is voted into office, middle class taxpayers are always thrown under the bus. If there is anything you can depend on happening, just like the sun rising each morning, this is it.
Any thoughts on potential earnings beats FLY? I try not to sit on my hands for too long unless I’m about to give myself a stranger.
i like wnr
too gay…
whole wheat sandwich and freshly squeezed mango+ kiwi juice.
The economy weaknened sucessively in each quarter following the launch of QE2. Massive barriers to QE3 Senor Fly.
The only thing that worries me about the potential for QE3 at Jackson Hole is inflation. Even BB has said that he doesn’t want to see it much over 2%. Oil is still close to $100 and gold is making all-time highs. The economic numbers are dismal but I don’t know if QE3 is a “shoe in” like I used to think.
What other choice has he?
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None. But if we get QE3 and $125 oil, the Fed’s wings are going to get clipped. Not the right move, but would not surprise me given the politial climate in this country.
Bernanke pisses on the heads of Congress.
125-150 oil will crimp the economy just as bad. We are FUBAR here fellas.
Our only hope is in 2012.
The only other choice is to do nothing, in which case we enter a deflationary death spiral during which he’ll probably freak out and start massive QE3. For me it’s not so much a question of if there will be QE3 but when.
In the eyes of The Bernank, there is no inflation. Seriously.
Doesn’t matter where oil, gold, or food prices go – as long as wages are stagnant, his school of economics sees no inflation.
The declines in housing cancel the gains in all that stuff.
Unless of course you have to eat or drive, then the housing declines are compounded. Are you insane? You seem insane.
Yes, it’s Dr Strangelove economics, but The Bernank School firmly believes that there is no inflation, all of the inflation was burned out of the system in the early 80’s, and we will never see inflation again.
QE3 not enough must go straight to QE7 warp drive.
Help me, Obi-Ben Bernanke. You’re my only hope…
Sold POT weeklys +21%. Got some F common and weekly calls at 12.31
These aren’t the debt deals you’ve been looking for…
LOFL!!
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nat gas.
You like ECA?
i dont follow them, clne, lng, wprt, chk, fould a new one to look at cles, bot fri sold this morning.(cles)
some of these r risky, dont buy.
The (NO OBAMA) bit killed me.
You know how many companies depend in some part on government spending? 1 trill is now gone=lower stocks
PFFFFFF. 1 trill all on old fuckers.
some of those old fuckers built your house.
no they are dead. i been fixin their mistakes for years. got a tile job in my bathroom now.in a window box. i just ate 2 sammys.now i gots to throw together a temporary shower in the basement.
http://www.cnbc.com/id/43954067/ Chinese Fraud
DO not SAY THE WORDS that SHOULD NOT BE SPOKEN,lol,….IT is the only thing that can defeat my nice and pretty major global melt down after those beyond ugly global PMI’s last night…..The CLAM has no power over the Nymph now…and will show it soon.
Fucking weirdo.
Can I ask why you are rooting for a global meltdown?
Yogi…Supply is out of wack with demand. Govts made a mess of everything..they have to stop and let the globe get back into balance.
party like it’s 1842
“No one gives a shit about 8/1/11 @ 10:43am. Only pikers are relying on today to set the tone. The real money will be made from September through January.”
While most of this threat is bickering about Obama, Bush and somehow Nixon, people seem to have missed Fly’s best advice of the day. Go away (or sit on sidelines) until after Labor Day.
Bickering? Where did you get that? Some guy misunderstood my comment, and some other guy slammed him.
I think this is just getting started. October is just around the corner and another Federal budget. The fireworks are just getting started. It’s only useful to discuss it so we are not blindsided by major policy shifts. Price is the only thing that pays. Everything else is noise. (Still long and biding my time.)
“October is just around the corner and another Federal budget.”
Yogi,
That’s funniest thing I’ve heard today. Another Federal budget? What Federal budget are we operating under currently? Oh yeah, we’ve gone two years with out submitting a budget.
Here is a link to a great video clearly and calmly explaining some of the current mess:
http://www.uncoverage.net/2011/07/rubio-body-slams-kerry-reid-obama/
@Largebill, my point was just that we’ll have a lot of political screaming from now until the election. That’s all. I trade on price, and I try not to let the noise affect my trading.
love the crowd claiming myth statements such as “we’ve never defaulted before” or “we’ve never had a global economic crisis” “never a sovereign default crisis”. “we’ve never had hyperinflation in the us” “largest debt bubble in history” “could strike a panic bigger than ever” “only have had 1 or 2 depressions before” “Real estate has never gone done this much before” There’s only been a small amount of panics in history”
Yall have to look farther back in time than just 100 years.
long depression, great depression, dark ages,
Panic of 1791 (first in US)
Panic of 1819
Panic of 1857
Panic of 1873
Panic of 1884
Panic of 1890
Panic of 1893
Panic of 1896
Panic of 1901
Panic of 1907
Panic of 1910-1911
The long depression
“depression of 1920”
The Depression of 1807
The Depression of 1837
The Depression of 1873
The Depression of 1893
The Great Depression ( The Depression of 1929-1939 )
To the “hyperinflation is rare” crowd. Inflation happened in 30 countries in the last 100 years, twice in the US.
Examples of hyperinflation
5.1 Angola
5.2 Argentina
5.3 Austria
5.4 Belarus
5.5 Bolivia
5.6 Bosnia and Herzegovina
5.7 Brazil
5.8 Bulgaria
5.9 China
5.10 Free City of Danzig
5.11 Georgia
5.12 Germany
5.13 Greece
5.14 Hungary, 1922-1924
5.15 Hungary, 1945-1946
5.16 Israel
5.17 Krajina
5.18 Mexico
5.19 North Korea, 1947-2009
5.20 Nicaragua
5.21 Peru
5.22 Philippines
5.23 Poland, 1921-1924
5.24 Poland, 1989-1991
5.25 Republika Srpska
5.26 Romania
5.27 Soviet Union / Russian Federation
5.28 Taiwan
5.29 Ukraine
5.30 United States (twice)
5.31 Yugoslavia
5.32 Zaire (now the Democratic Republic of the Congo)
5.33 Zimbabwe
you forgot the”i wont cum in your mouth” crowd. they’re the worst……..SPLAT !
db, lol
I knew it was too obvious that congress would come up with a solution.
fig,that wasnt a solution. that was the end of a porky’s movie.
There is no solution, we all know that. The market has gone up for 2+ years while knowing there is no solution. So, I disagree with you there.
This market is not done yet. I am in a wait and see mode.
Excellent article in the New Yorker about the killing of Bin Laden.
http://www.newyorker.com/reporting/2011/08/08/110808fa_fact_schmidle?printable=true¤tPage=all
I thought it was the evil Tea Party’s fault. But actually it’s the illusions, the house of cards that Barry built. The lies perpetrated by his Ministry of Mis-Information conning otherwise sophisticated people into believing that the Tea Party is the problem, they caused the economic crash and the upcoming recession. But WC Fields was right, a sucker is born every minute.
Listen to me Mr. Fly. Your not going to get a market rally regardless of the deal. By the time u get short it will be too late. I said buy the markets in September if at any time. But first QE 3 then u get balls to the walls. If not, then expect tatering off dips and rallies for years ahead with GOLD and outside government bonds being the only true bull markets. You are behind the curve here my friend and sadly u think u are right. I told u that u will see a anohter 90% drop in ur put vxx options before they go higher.
obama said he would work to close the medicare waste, i go to the dr, he gives me a blood test, then sends me to a specialist, who does the same test, i have a friend who is a medical supply tech, he rents people oxygen machines, the rent on that machine for 1 month is close to the cost of buying 1 outright. there r people on medicare here that arnt citizens, why cant we adress these issues instead of cutting benies for thoes who paid in and need this?
Because those who paid in and need this are not any more important in our system than non-citizens are. Non-citizens are needed to bankrupt the Medicare system faster, so that Medicare can be ended sooner. Our government works on a strict ROI model. The Special Interest Groups who finance campaigns “invest” money in politicians, and then they get an ROI ljust ike if they had bought GOOG at its IPO. Voters, consumers, and middle class taxpayers are all routinely thrown under the bus.
Everybody’s been talking about Obama and Boehner in all this, as if they are not puppets. The real president/king is Grover Norquist. Google him.
Here, let me bring George Carlin back from the grave to explain it all to you:
http://www.youtube.com/watch?v=acLW1vFO-2Q&feature=player_embedded
Everybody’s been talking about Obama and Boehner in all this, as if they are not puppets. The real president is Grover Norquist. Google it.