I love observing human behavior. Believe it or not, I don’t say much about what I observe, favoring commentary on the absurd. But some of you are hilarious specimens. For example: many of you try to hide your partisanship, being card carrying members of the modern day communist party aka The Democrats, by saying “there is no such thing as a ‘Fiscal Cliff’.
Are you people out of your fucking minds?
It’s the greatest tax hike in the history of the world, which will wreck the US GDP by 3%, thrusting us into recession. How the fuck is that nothing?
People have become so jaded in their belief systems that they are unable to see when “their team” is fucking up. Set aside your politics and listen to mine:
THE DEMOCRATIC PARTY IN ON THE VERGE OF DESTROYING THE US ECONOMY.
You stupid shits.
Don’t blame that crying Boner for not agreeing to draconian tax hikes without concessions for spending cuts.
Again, you stupid shits. The only reason why we are forced to do this is because BOTH PARTIES agreed to bail out the banks and fuck America, permanently. Since we transferred all of the losses from their books to ours, someone has to pay for it.
Guess who that person is?
It’s me!
The majority of American’s don’t pay dick in taxes. The burden will rest on the upper middle to upper class to pay for the oligarchs in charge of this stupid financial system. It’s no wonder why BAC and other banks are hitting 52 week highs.
Into the cliff, I am 35% cash, with 10% allocated to HMC. I am looking to short YEN, hopefully on a bounce. And I am eying shares of TM, NMR and MTU.
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Word.
Truth!
I’m drunk. Who cares?
Republican is not spelled D-E-M-O-C-R-A-T-I-C. Spell Check.
So the GOP are the one’s interested in tax hikes?
No one has to “pay” for anything, actually, as long as the “waiter” never actually brings the bill. It’s called a ponzi scheme. China and the U.S. can continue this creditor-borrower relationship ad infinitum. Markets will keep yields low because the two also happen to have the strongest militaries. The Sino-Americano illuminati thought this through since Nixon–give them the benefit of the doubt!
you’re insane
Bond yields say I’m right. And yes, I know, yields “must” go up someday. We’ve been hearing that since the 80s though. Lots of things “must” happen, per conventional wisdom.
The whole Nixon- sino illuminati got you tossed in the crazy box
You’d really be that surprised?
The Social Security program posted a $47.8 billion deficit for FY2012, bringing in $725.429 billion in cash and paying out $773.247 for benefits and other expenses, according to agency data and CNSNews.com.
Participation is at a record 8.8 million
We are so screwed.
Fly, I have to respectfully disagree on going long EWJ japan up here
We are sitting within a 3 year wide quadruple top in the AUDJPY currency cross . If it turns down, the Nikkei can only go down or sideways from here.
http://tinyurl.com/dygscja
That’s true. But the Japan trade is for the entire year, not just this week.
Maybe I’ll move to Spain in a few years… http://www.telegraph.co.uk/finance/financialcrisis/9768067/Spains-house-prices-to-fall-another-30pc-as-glut-keeps-growing.html
would love to see Adam Parker’s, from MS, 2012 year end price target of 1162 come true
thats only 17% decline in 2 days..we could do that
Well said. I’m embarrassed that Harry Reid represents the great state of Nevada.
stop bitchin’, yo.
Just saw Doug Kass’ post on Dec. 30 meeting of the House @ 6:30 and look @ the market move.
Democrats need to read and understand this chart:
http://scottgrannis.blogspot.com/2012/12/washington-needs-to-control-spending.html
The RED LINE can’t go up and to the right, forever, ignoring the BLUE LINE (revenues). Right now, we are taking in about $2.4 trillion in tax revenue annually. That pays for ONLY the SocSec, Medicare and the military (each about $800b in spending each).
The other $1 trillion plus being spent (er, re-allocated) by the US Gov’t is being BORROWED.
Ponzi schemes ALL EVENTUALLY FAIL. And, ALL FIAT CURRENCIES OVER HISTORY HAVE ENDED AT ZERO.
It really is that simple.
George W. Bush = lower taxes and spend while spreading our bullshit american democracy to the arab world!!!! ….all on the tax payer’s dime.
That is all that matters.
So you all realize that when Bush republicans took over, the US went from in the black to in the Red. Not kind of in the red, IN THE RED! You all do realize that? For many many many years. You do realize that? You do, right? It’s not debatable. It’s a fact. You all seem pretty smart. You would never turn your blind eye to what your political viewpoints are? Ok good. Let’s move on.