[youtube:http://www.youtube.com/watch?v=yf2v0TR6QfM 450 300]
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That’s not you?
The back ground looks downsized…no wonder he is mad…
Just kidding this guy cracks me up. At least he knows wuz up!!!
Love to see this guy rant after a case of beer…
I noticed that too – used to be he had some big screen in the background and now he looks like he’s in some boarding room.
I’m guessing they couldn’t find enough quality workers in the United States. I wonder if he can do algebra…
I love this guy. Beautiful.
I’m so ready to short this skanky hoe of a market.
But you just know they are gonna pimp this bitch higher!
I figure I probably should have shorted near the close TODAY, but I was too much of a pussy to do it!
CA – Maybe you are addicted to charts, but you seem to understand fundamentals and macro econ. Do you agonize a bit when the two tell you different directions to trade?
I think FA and TA work in tandem with each other.
FA (should) give reasons why the Technical indicators are going the way they are.
Meanwhile, back @ the IMF, they are calling for a “slowdown” to ~5% growth in Asia.
http://bloomberg.com/apps/news?pid=20601087&sid=a6aaWZ8ab8yU&refer=home
Maybe we should switch to a mud pie based economy.
Love to see this guy rant after a case of beer…
Me too. I figure if he cuts his pre-recording intake by 50%, he’ll be more easy to take.
“Textile jobs?” — what a moron. Where does he think he is, Bangladesh? How many Bengali textile workers are making vids and posting them on Youtube?
Think about it.
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I believe his reference to textile jobs was an a reference to the fact that no one came to aid or to assist the textile industry..to modernize, to update from antiquated to state of the art facilities. Same could be said for steel.. we were using early 20th century furnaces while the Marshall= plan alowed Germany and Japan to build modern. The unions helped fuck steel to death just like auto . Textile was all the south had and this dude is southern as can be. Those jobs decimated the economy in areas affected..He is correct in that. This money should be utilized to assist any existing industry that is currently competetive and has room to expand profitably. Just my take .. a good weekend to all
IBC needs to get this guy to do the Fly vids, No?
Come on Howard ink this guy.
Dude stop posting gay shit like this…….
I agree with Jake on this one.
When he’s not complaining about the “illegals”, he’s talking about reviving industries that well, they left North America because they weren’t profitable there anymore.
Like I said way back in November – someone needs to innovate something like yesterday.
If it’s a financial innovation it needs to be bold and weird enough for folks to say, “well, we’ve tried everything else and they ain’t working – let’s give this a shot”.
Personally, I feel that if someone came to the fore with something like a for real quantum computer or table top cold fusion – I think that would bring everyone up short enough to stop this forever staring into the abyss which has captivated MSM and the blogosphere alike.
I think that’s where DD is right and wrong at the same time.
The fundamental analysis, without any dogma haze is pretty brutal. So brutal in fact, that the only play seems to be to short everything under the sun.
The truth, however is that everything is going to keep getting weird so that the market chews bulls and bears alike. Only someone deft and capitalised enough has a chance at surviving.
Bailouts aren’t going to work because the amount due, including derivatives, is impossible to fulfill by every central banker on the entire planet.
However, show a valid reason why an innovative solution can turn this morass into something less grey and debilitating and the bears will be like green onions in a cuisinart.
Just saying…
Atlas – for the short-term I use 100% technicals, but I never forget the long-term fundamentals. The charts show you “what” is going on. Fundamentals tell you “why”.
This country is fucked, basically.
So crack a bottle, let your body waddle
Don’t act like a snobby model you just hit the lotto
O-oh o-oh, bitches hopping in my Tahoe
Got one riding shotgun………………
I believe his reference to textile jobs was an a reference to the fact that no one came to aid or to assist the textile industry..to modernize, to update from antiquated to state of the art facilities. Same could be said for steel.
I guess I don’t get what you mean by “no one came?” Who should have come?
This is a free market economy with plenty of liquidity. If capital investors saw benefit in “modernizing” the textile or steel industries (and some did, for sure) they would’ve put their money to that end. Some did, but most chose to milk their existing fixed capital base until it became economically burdensome, and then shut down. That too is a decision a capital provider can make. Unions and such can speed that decision by increasing the cost of labor to the point where even automation and modernization make it economically unprofitable to hire anyone.
But the important point to highlight is that intellectual capital and its attendant labor is the most valuable resource we have. A textile mill is just a “thing” — it cannot grow or add value by itself, it needs human intellectual innovation to do that.
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Who should have come? Perhaps the gov. could have lowered taxes on these industries to make us more competitive, via moderinization. But perhaps that wouldn’t have been enough either.
Regardless of how we got here, the result is massive trade deficits. The wealth that used to come from those industries now ends up in foreign countries.
What happens when those deficits happen for extended periods? We shall see.
Who should have come? Perhaps the gov. could have lowered taxes on these industries to make us more competitive, via moderinization. But perhaps that wouldn’t have been enough either.
Not unless you believe the government is better at picking winning and losing industries than are the collectiove (but separate) decisions of millions of consumers and capital investors who are putting their own money at risk.
I am not as concerned about the trade deficit for two reasons. One, it doesn’t cover all aspects of trade, including exchange of services and investment knowledge for without which none of these emerging economies would be moving as far and as fast forward as they have been over the last two or three decades, and
Two, I think these things balance out in the end (in fact, they MUST balance out in the end, like physics) and as the developing countries develop and seek higher end goods produced only in the United States, then our exports will increase past their current 10%-12% of current GDP.
Right now, our consumption is fueling their growth. Some day, like Japan did in the eighties, they will return the favor.
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Jake – wicked smart, kind of funny, and fucking cocky —- your insightful conclusions are appreciated.
And, I hope you are right.
Atlas, appreciate your comments. My caveat for the above scenario would be if Congress got stupid and tried to restrict trade in order to keep demand “in house,” so to speak. If they do something that dumb, all bets are off.
Jake, do us all a favor and please run for President in 2012.
I would vote for Jake. At least he’d be honest, and if the following scenario pans out, a rather effective CIC.
“Kid, you’re fucking it up. This is all wrong” (addressing union auto officials)
“Sorry Jake, we were trying….”
“Trying and doing are two seperate thing, you liberal hamfuckers.”
“union officials weep and beg for mercy, Jake gives them no quarter.”
PROBLEM SOLVED.
I imagine something similar happening w. sarkozy, and whoever it is that runs Chiner.
I’m being serious, btw
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^thought that post didn’t go through