When will you learn the whole democrat versus republican debate is just a ploy to distract you from the true culprits?
I’m not going to curse or yell. Instead, I am simply going to lay out a scenario that is likely to grip America.
Because our politicians are drug addles sex fiends, more interested in being paid off than serving the American people, we are heading into a self-inflicted recession.
Let me repeat that point and elaborate on what that means.
Due to the incompetent people who you elected to take care of very important things, economic growth will fall by 2-5% in 2013, which in turn will mean an acceleration of the unemployment rate–upping the amount of foreclosures and plunging the economy into another crisis. Stocks will plummet by at least 20%, paving the way for a bonafide bear market.
Grover Norquist is not the King and Obama is not our dictator. It is a crime that we are still talking about this, just days before the end of the year.
Providing they come to terms on a deal, US corporations, who are rich with cash, will begin to invest again, helping people keep their fucking homes.
Don’t invest your money in anything. Keep it in cash because: 1. The fix is in. 2. Our elected officials are drug addled sex fiends.
If this isn’t tyranny, I don’t know what is.
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The Fly is God.
I was just going to ask where zombie was since he was always first to post in the old days. thanksfully there is still some order in this world
I keep overestimating the ability of Congress to do the reasonable thing for the good of the country.
Preach it! It goes way beyond incompetence I hadn’t thought of it as tyranny, but I am warming up to the idea.
There are too many niggers in the following cities:
1. Washington DC
2. Atlanta
3. Detroit
4. Birmingham
5. Houston
6. Baltimore
would anyone like to add another city?
It appears you probably think there are too many just about anywhere.
Seriously, Fly, are you going to ban this guy or what?
There are too many pappys on Planet Earth.
Would anyone like to add another planet?
PAppy BANNED
Excellent. Was about to unchain Django.
We live in interesting times… Monday has a chance to become the most volatile day of the year, I don’t think it ever happen on December 31.
The funny thing is, I was 100% confident we’d go over the cliff. You know I’ve been saying it. And all I have to show is a measly 35% cash position with zero shorts.
I know.. sometimes my predictions are so right, but my trades lagging behind- it’s like I don’t trust myself enough…
But what stupid fucks you have running your country, disturbing …
Do you have a PPT android app?
No
The_Real_Fly :Streaming Futures Indicate Bloodbath
what streaming futures you looking , mr. fly?
my qqq marks 63.5
QQQ is an etf …
he is talking about actual index futures trading AH
ES_F -25.20 after market close
thanks for the lesson , anyhow luckily or funny I’m not the only not seeing bloodbath in futures prices http://www.marketwatch.com/story/stock-futures-fall-after-hours-on-fiscal-fears-2012-12-28
Heaven forbid, McConnell and Boehner just told 0bama to man up and take the lead.
Off the cliff we go…
The stock market has had enough of this fiscal cliff shit.
I expect a revolt in the form of a massive selloff if these assholes in DC can’t make a deal.
The whole thing is so goddamn ridiculous. I am sickened at how inept our government has become.
Remember debt ceiling:
1.no deal
2.sell off
3.deal
4. your kids and grandkids will pay for the deal
This is the ultimate formula.
Le Fly, what do you think will happen to price of Gold / Silver should we go over the cliff? and your outlook for 2013 for Gold / Silver
US dollar will be lifted by new taxes in 2013. Stock market and precious metals will go down, accordingly.
I too believe this whole thing is bogus.
And in keeping with this bogus line of thinking the chances are good that there will be something done before the market opens on Mon.
Politicians are like college students in a frat – drunk or stoned most of the time and waiting until the last minute to complete that project due in class the day after a frat party.
Market Rap
Debt clock booming, Jersey cop shooting,
Pump up the VIX, chop off dicks,
You can’t take it back, 2012 in the hat
D.C. plays it insane,
…Like a meaningless bowl game
Retail soft, gun makers scoff,
They’re selling out clips, for the fiscal cliff
We plant the seed to bring an end to Harry Reid,
Pulling for the Cowboys, shoot up the Redskin boys.
RG3 can’t run, this ain’t no track meet
Bears won’t die till, till bears get red meat
Like your previous poems (raps), a very nice job.
I think iBC could use a poet laureate.
Class this place up.
I was holding off to go long on anything new until after this Cliff-mess was sorted out. But if those jack-asses in DC keep dragging this out for weeks, I will be waiting for a while.
This is all starting to remind me of the same antics from DC back in the summer of 2011. Shortly after that the market tanked.
Are there any significant differences in the markets and economic outlook between Summer 2011 and now?
Obama will speak at 5:45 today… should give you some indication..
Sure glad it’s after the Independence Bowl game of Univ. of Ohio and Louisiana-Monroe
And I’m glad he will blather during the Rutgers-VT game so I can thankfully avoid the Supreme bullshit.
Actually had a couple of tickets to the game but gave them away (re gifted, so to speak).
I would rather watch it on the telly then fight traffic for the privilege of sitting in the dump they call the Citrus Bowl.
Fiscal cliff or banko— what is the choice?
IN SUMMARY:
Taxes substantially go up in 2013.
US dollar is strengthened due to new taxes collected.
Stock market goes down due to US dollar going up.
Precious metals go down since US dollar going up. This will also counteract the effects of the Basel III delayed ruling directing central banks to purchase gold.
Very wise man points out, “Out of the 155 profitable companies that pay yields more than 12%, only 22 of them are located in the United States. That means more than 86% of the world’s high yield opportunities are located overseas.”
Congress folks are extremely competent. Efficient as a fine Swiss watch. Their job, as they see it, is to get re-elected. So they cater to the lobbyists of the corporations & other Special Interest Groups that financed their campaigns.
Oh, you thought their job was to serve the American people? Where did you get that idea? If that was their job, then why are they punished, rather than rewarded, when they do that?
Simple fact of psychology. If you reward someone for doing something, e.g. with campaign financing, then they will do it more & more.
Dems can’t get re-elected if they cut spending. Repubs can’t get re-elected if they raise taxes. Of course there is no fiscal cliff deal. How could there be?
These people make me seriously sick. And now we get to see that ugly beast FrankenFeinstein every day to boot.
Yes, Franken & Feinstein are the best. People like Uglyflint can not fault them on their policies, which are in tune with the best interests of the American people. So people fault them on their looks, which are totally irrelevant to the situation.
Every time a Right Winger personally attacks Dems, I become more confident that we are correct. Because when peole have no factual or logical leg to stand on, the stoop to personal attacks.
Oops. Typing too fast– “people” “they” stoop to personal attacks
Frog your an idiot.
No……Feinkenstein is an idiot. Frog is merely deluded.
Always V.King with style.
I just noticed the HTML tags that are allowed in these here comments. Nobody ever uses them.
Today we witnessed the .
dumbest comments in iBC year 2012.
Dang. Can’t seem to get the href to work. Carry on.
What we have here is a baby that shit itself. The dems demand free shit for all. Okay. How the fuck are you(socialist) gonna pay for it? You can not. So the baby(dicksuckers) must grow up and realize the you is you, you fucking dumbass. Taxes go sky high for all. Sorry middle class, Apple products are for the winners only.
Somewhere there is an angel that lost it’s wings. Wake the fuck up dipshit it is not a bell you here. It is an application for EBT. The middle class is a easy come easy go thing. You wanted it now you got it. Free shit is expensive.
Quit your whining, bitch. And go get some spelling lessons- do you here?
The dems demand free shit for all.
No they don’t. Over-exaggerate much?
The Repubs want all black and brown people locked up and sent away. See, both sides can play this stupid game.
Bitch.
Fly, you can’t stoke the flames all year calling Obama a tyrant, Marxist and an incompetent and then be suprised when the rubes with the pitchforks refuse to accept a compromise.
Haha, I just read that Joe Q. Public is satisfied with the way Obama is handling the Fiscal Cliff issue so far, per a recent Gallup poll:
“For what it’s worth, Obama is winning the fiscal cliff battle in public opinion polls. A Gallup poll released this week finds that 54 percent of Americans approve of his handling of the fiscal cliff negotiations, compared with 26 percent who back the Republican leaders. While most Americans had been confident that Congress would resolve the fiscal cliff by Jan. 1, that confidence level dropped this week to just 50 percent.”
From this article: http://www.csmonitor.com/USA/Politics/2012/1228/Fiscal-cliff-meeting-at-White-House-Will-it-be-Lincoln-moment-for-Obama?nav=87-frontpage-entryNineItem
That means 54% of the public have no idea of the full economic impact of no resolution means.
It’s unfortunate, but I hope everyone is going to enjoy their trip over the cliff. I have packed both of my parachutes tight, made from 75% pure cash.
It’s really a win-win situation for 0bama. He want’s higher taxes across the board – more money, more power. He proposes a rich tax, knowing that the repubs won’t go for it, and ends up looking like he’s fighting for the little guys.
We go off the cliff, he gets his tax revenue and keeps his “street cred”. What if we dip into a recession? No problem! Obama will be there to “help” all of those without jobs, further securing himself as the good guy in the peoples eyes.
Some people are just parasites! http://www.dailyfinance.com/2012/12/28/new-york-woman-charged-with-lying-to-fbi-about-newtown-scheme/
The VIX closed today at 22.75. June 2012 was the last time the VIX closed over the 22.75 level.
Obama sucks and this will all go down on his ASS/WATCH!! Call your elected officials. This is a national disgrace!