iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,418 Blog Posts

Behold The Goldilocks Economy

Enough of the sobbing.

Let’s lighten up the mood a little.

Thanks to this ‘Goldilocks Economy,’ which is being eaten alive by insane bears, I am forming a gang.

After all, soon enough, foreign governments will be pulling their money out of treasuries, effectively sending our dollars down to zero. So, with that in mind, I have decided to get proactive and form a street gang, in order to forage food from local banking executives. We will open warehouses around the country and store this food, in order to survive the apocalypse.

Who’s in?

You must admit, this economy is so impressive, it just makes you want to take up arms and drive a fucking tank into the White House. Pardon me for the overzealous idiocy, I have lost control of my capacity to reason.

Good friends of mine are literally looking for caves to live in, based upon far away planets getting set to crash into our fucking planet. These things are all good news, if you have a strong gang and the ability to seize the food supplies of local banking officials and/or mortgage players.

Just so you know, my first stop will be at the doorstep of the tanned one himself, Mr. Mozilo.

More on this later.

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97 comments

  1. Awake

    Time to re-assemble the A-team, machine guns and all.

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  2. surfdude

    I’m in.

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  3. gappingandyapping
    gappingandyapping

    East Side Killaz wishes to join Fly’s gang. Do we get jumped in and what is our sign? Also who are the OG’s, shot callaz and soldias? Are we with the folks or people? I suggest you bitchez get tatted up, here are some ideas: http://www.gangink.com/

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  4. hammer

    Count me in, I’m on the layoff list anyway. I have a few addresses we can visit!!

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  5. DPeezy

    I’ll volunteer to be a lieutenant of the West Siiiide Branch, of which Danny will obviously have to be the commander.

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  6. mrkcbill

    Fly..that is one of your weirder posts for this time of day.

    I’m sure there are some stories unfolding in NYC….modern day versions of cats jumping out of windows.

    It will be interesting to see how National Media spins whats going on….probably still run the “The Office” and such on orders from PPT.

    A favorite quote …”We can all stop worrying because none of us is going to get out of here alive”

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  7. gappingandyapping
    gappingandyapping

    What about joining the “Insane C-Notes”, its rather fitting. Here is some info for you:

    http://gangink.com/index.php?pr=C-NOTES

    http://chicagogangs.org/index.php?pr=INSANE_CNOTES

    Man up!

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  8. The Contractor

    This is Mad Max type shit.

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  9. Juice

    Got this email a few hours ago: I’ve xx’d out the names to protect the innocent & guilty.

    From: “XXXXXXXXXX”
    Date: Thu, 9 Oct 2008 14:32:13 -0400

    Not off hand, but I will circulate it….$700 per month?

    Hi xxx,
    Do u know of anyone who needs a room for rent for nov and dec at seven hundred dollars or less for the two months? I have a two bedroom apt in greenwich and since I lost my job in august I need a little help getting thru my last couple of months with this lease.
    Thanks!

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  10. Sergei Mikhailov
    Sergei Mikhailov

    Hey, you stupid fuckers know nothing about “gangs” and shit, don’t even try to come on to my turf. I will take your guns from you then proceed to shoot you in the head with the bullets you paid for, fuckers.

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  11. FlyGint

    Bush is going to speak on the Economy in the morning. This will mark the bottom.

    The collapse is ovah!

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  12. Yet Another Lurker
    Yet Another Lurker

    Well, if Anton’s getting buzzed by the same hornets that I’m hearing downtown, I’ll roll with him, and we’ll start the takeover on behalf of the West Coast. Bring it!

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  13. DPeezy

    mrkcbill: Like the quote, similar to a Van Wilder favorite of mine: “You can’t take life too seriously; you’ll never get out alive.”

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  14. The Fly

    Go buy 12 months supply of tuna fish, RIGHT NOW!!!

    And, buy some powdered milk and dry noodles!!!!

    I am in the process of filling sand bags to place outside of my office.

    Developing…

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  15. The Fly

    Citi to Wells:

    You can have it fucker. Good luck.

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  16. JakeGint

    FCUCK!

    Okay, dweebs listen to this… we are now 31% below the 200 day moving average!

    31 fucking pahcent!

    I am going to have to look that up and see if that’s a world fuggin record….

    If we “crash” from here, find a cave, fuckers.

    __

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  17. Juice

    Bush will only accelerate the selling if he speaks on the economy. Any time that guy opens his mouth during market hours, straight down, no matter what level.

    G7 emergency shrimpfest meeting tonight & tomorrow

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  18. Bob the Slob

    It’s not fun anymore. The irrational thing to do is to pull your money out of the market at this time. However, only a mental patient can sit there and take a shit-kickin’ every day.

    I’m not selling. Ever. Fuck it. I’d rather lose everything. I’m right, the market is wrong.

    And fuck you short sellers. You will get yours in the next day or two.

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  19. Kim Jong Illin'

    The economy can’t be too bad, look what this idiot got for his birthday:
    http://www.thesun.co.uk/sol/homepage/showbiz/music/article1789189.ece

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  20. TraderCaddy

    I have already formed a gang and we will be dumpster diving at Disney World and begging for change in front of Universal Studios. Our name will be The Buttonwood Tree Gang.
    PS Don’t mess with us or else we will short your longs and long your shorts.

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  21. Karl Marx

    As we used to say in Don Ho’s army, “No one gets out of here alive until this puu puu platter is paid for – biatch!!”

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  22. mrkcbill

    I love it this is the IBC hall of fame… all on …during the the crisis.

    Fly on the bright side your traffic has to be sick.

    Don’t miss tonight special appearances from Ducati,Calvino,Donny,and to sing the National Anthem from the Waffle house in Flagstaff “Peachin”

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  23. Q4

    I’m part of the “insane bear crowd” and have been rewarded handsomely. Remember, maximum pain.

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  24. Dinosaur Trader

    Fly,

    The revolution blog idea will take off.

    Now that stock trading is dead, you should run with it.

    -DT

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  25. Q4

    Pissin and moanin is unlike The Fly.

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  26. my god we're fucked
    my god we're fucked

    Fly, you still holding some NOV UYG? Nice sell on AAPL.
    And MOS MON CF, crazy ags holding up very well. What’s up with that? Same MA actually, you’d think that pos would get killed.

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  27. Anton Cigur

    Lurker,

    We’ll OWN NorCal. And fuck canned tuna. First thing we do is hit Little Italy and confiscate all the prosciutto, brasaola and such. As one of the few in this city proud of his proficiency with firearms, this should be easy. Bring the revolution against The Man.

    Oh, wait. That’s me.

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  28. theinsider

    dick fuld just bought a compound on jupiter island just across the inter-coastal from where i live-search and destroy party leaving soon.

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  29. Ass Napkin Mike

    Count me in.

    Ill bring the “ass napkins”

    Ass napkins- a paper towel that is used after you take dump. After your best effort to clean up the mess prior to pulling up your underwear and getting on with your day- you simply fold the “ass napkin” and place it in your asslength wise. Then simply pull up your underwear and pants and go about your day. The ass napkin prevents any foul odors. It also prevents any residual from staining your underwear. The average life of an ass napkin is usually 24 hrs. They should be worn after every movement.

    Ill have enough to last the gang about 2 months.

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  30. bailout lover

    A big part of the market’s message has been that whatever Bush, Paulson, and Bernanke are saying is the polar opposite of reality.

    At best clueless if not actually corrupt like the leadership of Congress.

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  31. George W. Bush

    I just want to say goodbye to you hu-mans before boarding the escape pod. Although you are slimy, puny fleshlings, I sort of got used to your odd ways, and bizarre habits like wearing neckties and eating donuts. Maybe I’ll even miss you guys a little, after the Phase 4 Events complete. But my work here is done.

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  32. Anton Cigur

    insider –
    Don’t forget to take his ears; I’m sentimental.

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  33. Jim Rogers

    Fly, if you’re willing to wear a bow tie you can join my gang…do you know how to ride a motorcycle?

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  34. boca

    Appropriately enough we all have nicknames already we can tattoo on our backs near the left shoulder. I’m forming the girlz Eastside Cholas Chapter, ready to par-tay with the Insane C-Notes.

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  35. Greekpunk

    I’m in!!!! After all, I’m a “punk.”

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  36. FuckBailouts

    Talking heads on CNBC have it right. Let the
    Federal Government invest directly in the stock market NOW by buying S&P futures or indexes.

    I’d say announce “We are buying $20 billion a day for the forseeable future. For $700 billion
    they could move in till Thanksgiving.

    I’d say that would drive the indexes to their old highs by the end of October, and bail out
    all the pension funds.

    And let the goddam over-leveraged banks and brokers FAIL, taking the $60 trillion they owe each other out of the equation. Let Uncle Sam
    be the new banker, with maximum leverage of 1:1 allowed in the new, now TRULY Federal banks.

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  37. mrkcbill

    http://www.youtube.com/watch?v=yYexfzWjRDI

    In times of crisis I always like to refer to the Sopranos…One of my all time favorite episodes was when they took over the Sporting Goods store…seeing Paulie and Syl carrying canoes and hunting gear and shit out of there was pure comedy genius.
    Ironically that radio nutter M.Savage has been saying that scene reminds him of whats going on with the PPT right now.

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  38. B-rad

    Sign me up.

    What is the modern day equivalent of a pitchfork??

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  39. Ray Ray

    Titanium golf club

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  40. Donny

    This is no gawd damned laughing matter Fuckers. We’re going straight hell without passing GO. The world will not be the same for a longtime. We’re fucked!

    If you see a banker, kick him in the balls!

    If you see a Realtor, cut her fuckin’ tires!

    If you see a CEO, punch him in the nose!

    If you see a mortgage broker, break a pool cue over his bottom lip!

    If you see Alan Greenspan, grab a rope, and find a tree!

    BTW, Fuck you all!

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  41. Aris

    runs on the mutual funds. the paper wealth was much greater than the real wealth. world isn’t ending.

    run the fucking market to zero. i’ll buy everything.

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  42. Anton Cigur

    Boca,

    Before your merger with the C-Notes, you might want to review their treatise on “monetizing your assets” as put forth in the film “Hustle & Flow.”

    Under The New World Order, your East Side Cholas will have a franchise on the only commodity that’s proven to have value over time.

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  43. Eye No U

    Why is no one here focused on this as the cause for all the selling this week:

    October 9, 2008, 2:45 pm
    The Looming Lehman CDS Unwind
    Posted by MarketBeat Staff
    Geoffrey Rogow reports:

    On the heels of similar auction processes for Fannie Mae, Freddie Mac and Washington Mutual late last month will be the expected Friday settlement for buyers of about $400 billion of protection on Lehman Brothers debt.

    For now, traders in the equity market are concerned about the prospects for the settlement, adding that its uncertainty is casting a dark cloud over the most likely holders of the debt — big banks such as Morgan Stanley, Goldman Sachs and J.P. Morgan Chase.

    This Lehman credit default swaps settlement auction will likely be one of the most expensive payouts in the history of that market, something the government is certainly keeping an eye on.

    The Fed has called a second meeting to discuss the settlement of Lehman CDSs, among other issues, on Friday. “They think there is still counterparty risk out there. But, if we get through that hurdle without too many issues then you will see a more stable market into next week,” said John O’Donoghue, head of equities for Cowen & Co.

    O’Donoghue said the Fed is trying to make sure there is a “smooth” settlement process where that agency can then move towards making the settlement process a more government-regulated, centralized market.

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  44. FuckBailouts

    CNBC has it right. Let our Government start buying equities immediately, via purchase of Stock Indexes or Index mutual funds. In SIZE.

    And announce it: “We are buying $20 billion worth of US stocks every day for the forseeable
    future”. $700 billion would last seven weeks, and I will wager by the end of October the markets would be above their old highs.

    And the USA would have REAL assets in the SS trust fund. Don’t piss away $700 bil on the crooked banks and brokers. Let ’em FOLD, and then “Presto” the 460 trillion they owe each other disappears along with them.

    No lawsuits allowed!

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  45. Kiwin

    C is receiving a beating AH, down ~10%.

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  46. Anton Cigur

    Thanks for the buzz kill, Donny Downer. I was just beginning to feel so fucking GREAT about everything. Sounds like somebody’s got a hubris hangover.

    I like your vengeance idea, tho. To simplify things, now that oil’s down, let’s just tar and feather them all.

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  47. Kiwin

    And is “The Fly” so far off his game that he forgot to put up a selection of music?

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  48. Oklahoma Uncle

    The Fly is whining like a typical NYC beotch. Let it burn.

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  49. mrkcbill

    I’d like to be in the “pinkslip” printing business about now.

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  50. There better be some shares of SKF available to short in the morning. Give me SKF at $200.

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  51. ProTrader

    People will start selling the gold in their teeth and moving to Mexico and start gay bar hotels and planting fuck farms.

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  52. Karl Marx

    I’ll take it back at $300.

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  53. thought for the day
    thought for the day

    GM, maker of real cars market cap $3.2 billion
    Mattel, maker of toy cars market cap $5.3 billion

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  54. Prospectus

    The symbol for $DJIA has changed. It is now $DJIAF.PK

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  55. CAP

    Here is the Hit List

    Angelo Mozilo and CFC top brass
    Alan Greenspan
    Dickhead Fuld and LEH top brass
    Larry Kudlow (because of his stupid Goldilocks fairytales)
    Jimmy Cayne
    Alan Schwartz
    Warren Spector
    Chuck Prince
    Stan O’Neal
    Bob Toll
    Bruce Toll
    Ara Hovnanian
    The entire management of Wachovia
    Everyone who put those CDOs togethere
    Everyone who sold CDOs
    The people at ratings agencies who gave CDOs AAA ratings
    All Analysts who rated banks a buy the last 2 years

    Feel free to add your own.

    Now lets go get some addresses on these fuckers. Time to burn their homes down.

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  56. alphadawgg

    I volunteer to be in charge of the female captives from the bankrupt firms.

    And yes, they will have to wear the mandatory thongs, furry boots and collars.

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  57. boca

    heh Alpha have you been reading those Gor books again?

    Anton, you and I will be in charge of running that game.

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  58. ALLPROz

    Fly,

    Tomorrow you will be redeemed….gang and all….

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  59. The Zombie

    The Fly (God), you know I’m in. I can scare the shit out of all kinds of suit-wearing fuckfags coming out of banks.

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  60. Nouriel Rube

    WTF?

    You were telling everyone to get long about 4-hours ago…..

    Tell me to fuk off and then tell yourself “I was wrong”. 🙂

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  61. Threaten White House?
    Threaten White House?

    Threatening to attach the White House can cause the Secret Service to contact you at an inconvient time of their choosing.

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  62. Oklahoma Uncle

    City slickers got no hope when the SHTF. Got popcorn?

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  63. bailout lover

    A sign of how totally FUBAR Treasury and the Fed have become:

    Tonight there was a failure of more than $200 Billion in Treasury repos and

    The Fed balance sheet got an injection of more than $100 Billion in funny money in the most recent week reported tonight.

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  64. The Fly

    A few pressing items:

    Of course I was wrong, hence the fucking market crash.

    Only losers live in Oklahoma.

    If any of you assholes said that shit to me in person, I’d break your jaw for you.

    The White House is my best friend. I was just trying to trick some of you idiots into agreeing, so that my friends at the secret service could pay you a visit.

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  65. Joey Six Pack

    The Fly has finally come up with an intelligent plan.. Of course, one must understand the 50% gain he has is fiat and will be worth nothing in just a matter of time. Back to my bomb silo to drink bear and eat popcorn while Rome burns.

    http://www.youtube.com/watch?v=MI24HgwK4m0

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  66. Yet Another Lurker
    Yet Another Lurker

    Anton: Aight, now we got guns!

    With a few solar panels and fistfuls of LEDs from the electronics flea market this Saturday, we’ll not want for light, and a fistful of 12-volt fans ripped from the carcasses of computers are all the air conditioning the up-and-coming NorCal warlord would ever need.

    An fleet of old 80s Mercedes turbo diesels will run nicely on biodiesel, and make for great tanks. None of this third-world “pickup trucks with machine guns” for us Americans, we demand luxury German sedans for our re-enactment of Death Race 2008.

    Now I gotta talk my homebrewing friend into coming along for the ride. We could start a commodities exchange based on the relative alcohol contents of beer, wine, and eventually moonshine, and use ammo (not impossible, but certainly more difficult to replace than booze) as a temporary substitute for hard currency.

    Best part about oil being cheap is that we can all afford torches to go along with pitchforks, without wasting any of that delicious alcohol.

    Obligatory financial commentary / WFC/WB/C gallows humor: Wouldn’t it be ironic if, after a week of being the rope in a giant game of tug-of-war, most of WB’s depositors had pulled their money out by the time the game was called off? Call it Vikram’s revenge — Citi doesn’t get the prize, but it’s Fargo that gets the booby prize in the end. (Much like the rest of the markets this week, doesn’t matter how good the deal looks, everybody ends up losing.)

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  67. I'm Gay...Attack Me?
    I'm Gay...Attack Me?

    fly,,,,you talk smack about “faggots” and “gay”. i’m gay,,work in new jersey for a wall street affiliated firm.

    do you really depise gay individuals? i know it’s fun banter to make fun of the gay community, but man it is who i am.

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  68. White Squall

    Ducati?? Where art thou magic bullet CDS clearing house?

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  69. Ozark Hillbilly

    Just thought some of you could use this, if only for amusement.

    http://www.survivalblog.com/

    http://www.campingsurvival.com/fulmremilrea.html
    Good prices for MRE’s. Hard to find since FEMA took over the productions facilities after the recent hurricanes.
    http://www.crownpt.com/Surepak12.htm

    http://www.alpinesurvival.com/Ready-Reserve-Foods.html
    Best prices on ready reserve foods, but a third tier survival website.

    http://www.deepcreeksurvival.com/food-units.html
    A prettier website.

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  70. The Fly

    Hey, I do not believe I have attacked any gay people today.

    Why bring up such things?

    Gay guys are great, if you’re a homo.

    Be comfortable in knowing, “The Fly” hates everyone equally, with homos a little more equal than others.

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  71. The Fly

    BTW: Maybe it makes sense to get in SKF at $200 for the next move up to $500.

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  72. The Contractor

    Holy fuck some guy just went off on CNBC comparing us to Zimbabwe.

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  73. The Fly

    He did?

    I will dispatch one of my henchmen to throw a fucking spear at him, upon leaving the CNBC studio.

    Developing…

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  74. The Contractor

    My premium vodka and cheap cigarette hedge is looking pretty good ova’ heah.

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  75. TraderCaddy

    Okay. Can I join Fly’s gang? The one I was in got chased from the dumpsters at Disney by a Fannie Pack wearing tourist throwing giant turkey legs at us. Too much running.
    I will be glad to run a charity golf tournament for the gang and we can then steal the application fees and use the $$ to buy real cool bicycles (with baseball cards in the spokes).

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  76. Yogi & Boo Boo

    I’m back from Jellystone park. I was wrong. Props to Wood and Ozark and anyone else calling for a crash. Covered the shorts on Monday when my signals told me to. Went too long too early. What a difference a couple of days can make.

    If the gang gets tired of the city gangbanger lifestyle, there’s plenty of space in Jellystone. Hunting, farming, and horse skills will help, but I’m sure we can find someone to teach those if you need them. Remember if you’re hunting in Jellystone don’t shoot at me or Boo Boo. Oh yeah, bring tuna, sardines, or canned herring. It’s the new currency post-apocalypse.

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  77. Oklahoma Uncle

    Only losers live in Oklahoma…

    I’ll check back in a few years. :/

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  78. UBL

    I told you goat fuckers that there is no economy but Fiqh al-Muamalat.

    its called usury motherfucker

    and now we own your goats

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  79. Dinosaur Trader

    Huh… 77% of the “people” who watch Lou Dobbs think that radical left wing organizations are fixing the election.

    That makes sense.

    Fly, really, let’s get that revolution/survivalist blog firing.

    -DT

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  80. Dinosaur Trader

    Okay, forget it… snapback rally postponed. Ali “the hairless prophet of doom” Velshi from CNN just called the bottom.

    Maybe we are doomed. Dow 4000.

    -DT

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  81. TraderCaddy

    DT can be the media review gangbanger for the gang since he may be the only one left who watches CNN. If he can’t stomach watching FOX than Jake can handle that station.

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  82. PRO SCALPER

    Fly:

    What do you think the action in MER means for the BAC deal? The arb spread between them was well above $3 during the late afternoon fuckery. It seems MER may be insolvent before BAC can dilute themselves enough to buy them.

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  83. BOOMER

    I’ll bring the guitars, hot hot coffee, and Jesus to the fight.

    Rather than a gang, I think we should form a Stock Justice League, like the old Saturday am cartoon. I may do a post on that tonight, if my account is still active.

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  84. Ozark Hillbilly

    For amusement only. Don’t take any of this seriously. Nothing to see here.

    http://www.survivalblog.com/

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  85. The Zombie

    BOOMER: HA!

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  86. kentucky blue

    what if…

    they let the short ban expire (check), suck in a gaz-million more shorts (check?), and then light a match on friday to stoke the cover rally on friday? what might that match look be?

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  87. kentucky blue

    btw, what does proof reading mean?

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  88. gappingandyapping
    gappingandyapping

    Saturday is “National Coming Out Day”. My thoughts are that all the market faggotry will end that day.

    NOTE: Expect the shares of LIZ and BP to do well tomorrow. If you don’t know look the shit up.

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  89. Rupert Murdoch

    Nobody can stomach watching Fox.

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  90. Big Mike

    yo fly,

    in all seriousness, are you still creating new shorts positions?

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  91. gappingandyapping
    gappingandyapping

    ASIA has officially crashed. This is the quickest death I have ever seen in all my years. My god Japan down 20% in 2 days!

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  92. Dennis Kneale

    No big deal…
    its all good.

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  93. Dinosaur Trader

    Yep, Nikkei down 11% early.

    -DT

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  94. DPeezy

    Buh bye Japan; we’ll follow you tomorrow.
    Time to go watch some sports & relax. Nothing to worry about, right?

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  95. Anunnakki

    Calm your fears we will rid your planet of all fascism. You shall live in bliss and harmony.

    http://www.youtube.com/watch?v=xoWrtZX6J4c&feature=related

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  96. JakeGint

    Kentucky Blue —

    I prefer the Cards, but know that your conjecture, as fucktardedly paranoid as it sounds, ran through my Pitino focused brain this afternoon.

    Of course, it could’ve just been cognitive dissonance, rationalizing or some other mental escape mechanism.

    ________

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