The upgrade of Kimco’s share price, by one of their lead underwriters (Merill), immediately following a shockingly dilutive secondary offering and reduction of their dividend, should raise an eyebrow or two at the SEC, providing they actually gave a fuck about these sort of things. I am sure they are quite busy now, trying to figure out who the short sellers are and how to effectively redecorate their offices.
At any rate, the God fearing folks over at Zero Hedge raise the subject of conflict of interest, with regards to the underwriter/publicly traded company relationship. Back in the go-go days of the late 90’s, it was standard operating procedure for the winning underwriter, of a much coveted deal, to return favor by upgrading the stock of their new client. In this case, believe you me, investment bankers are starving. A $700 million dollar raise is worth collusion, as evidenced by the fast fire upgrade and pump of KIM‘s share price.
Apparently the days of “pay to play” are back.
NOTE: Back in March, CS downgraded KIM, citing the company needed to raise $1bill, in order to get back in line with acceptable leverage ratios. With that in mind, even after this recent $700 mill raise, Kimco still needs to raise more capital.
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Everyday ZH has a new article exposing fraud. Great site for those days when your blood temp is too low, and you need it at a rip-roaring boil.
Obviously, for medical reasons, I visit each day.
Stop yer whining. The gangster wall street banksters do as they please, they are above the law, hell, they write the lawz. No amount of trillions of $, and no amount of criminality will ever be denied them. You will do business with them, you will get screwed, and you will like it. That is an order signed Pandit the bandit, screwus lewis, Blank check Blankfein, and the rest of da boyz.
Fly—Why did you get caught up in buying risky stuff Friday—like what if cramer is wrong plays…
You shorted the banks this week, when cramer was telling everyone to buy them. I think your call to
short the banks friday was bad timing and turned out to
be a bad bet.
I owe the public nothing!
JP Morgan
Danny your too right. How bout Obama and 500 guests to London. What a joke. Rape America
Carson,
Hindsight is always 20/20…and in spite of the Fly doing postings consistently, (because I assure you posting while running a portfolio or two really stretches the bandwidth of a person), I don’t think he expects us to be automatons and do everything he says. He is simply offering a perspective to consider. Do yourself a favor and stop listening to Cramer. At best, he bats .500 And as for the Fly shorting the banks … time will tell whether he’s right. Not being right Friday doesn’t mean he won’t be right by next Wednesday
http://www.youtube.com/watch?v=zAkMhEqWFF0
More likely the SEC will investigate iBC for its spelling of Merill (sic) Lynch.
Prepare for an egregious anal audit.
__________
More likely the SEC will investigate iBC for its spelling of Merill (sic) Lynch.
Prepare for an egregious anal audit.
Yah, your complaint has been received at the department of anal probing Comrade Fly. The department head, Ben Dover, is anxious to meet you.
Fly. You have to talk to Mrs. Fly. Apparently she has been talking to Mrs. Steve about home renovations.
So Mrs. Steve starts watching HGTV and thinks that because I am unemployed now that I should redo the bathrooms and take down the wallpaper in the kitchen.
Good Lord Fly I was starting to enjoy unemployment.
I am busy watching The Bold and The Beautiful, One Life To Live, and Oprah.
Plus that TC guy on your blog has turned me on to Leave It To Beaver. If I am tearing down wallpaper how am I going to know what prank Eddie Haskell will be pulling.
If you can’t talk to Mrs. Fly I might as well start looking for a job.
http://news.yahoo.com/s/nm/20090404/pl_nm/us_obama_europe
Obama is really gonna do the economy in with this pipe dream, to eliminate nukular weapons from planet earth. Doesn’t he know that war is the best economic stimulus known to man? Guess not.
Do not view with liquid in mouth: tulips on the mound
This is not good. Looks like it will be a long time before people will be able or willing to spend again.
http://www.msnbc.msn.com/id/30045448/
This is a very well done show. Worth the 30 minutes. USA=JAPAN. Here comes zombie banks and a “lost decade”.
http://www.pbs.org/moyers/journal/04032009/watch.html
It’s all a scam.. inside fu&kers will always win/cheat/win some more..
Nice post though, with the cs report to go with it and all…
while on the topic of Realty..
Citigroup on REIT’S late friday night:
03 Apr 09 20:00
REIT Cherry Picking: Upgrading BDN, EXR, REG to Buy; PPS & WRI to Hold
sleepynaptime, that article says it all….
see, what we have here happening right now, is a big huge lie out of washington trying to convince all of america that miraculously immediately after the biggest mortgage fuckery in US history that all is fixed and on the mend and all americans should not fret anymore, all is well and from this point is getting all better….this is the message out of washington now, and is why all these stupid fuckers are jumping all over the stock market now as if all is back to roses and sunshine…..
bullshit.
I’m not buying this bullshit lie out of washington one fucking bit.
lets just review here;
the entire economic situation we have in the country started and wholly is from housing and the ridiculous “stated income, no money down, 2 year teaser rates, sub-prime mortgages” that have been handed out for the last 6 years like candy. Now they were handing these mortgages out by the millions. and you want me to believe that over fucking night, with the wave of a fucking wand and some midget dust that all is back to fine?……fucking bullshit.
the stock market blew off, like lamp dust, one of the worst jobs numbers friday like it ment nothing, to have the market end up 39 points after 4 weeks of being up. But the jobless, who are having their unemployeement checks ending now, and still out of work and no jobs in their towns to be had are going to be in a more serious state of affairs starting now. double that with all the foreclosures that haven’t even occured yet (due to the people living in the houses to the very last day before the doors are padlocked) coming online soon, coupled with aprils job losses which will be 690,000 or 710,000 and lets not forget the lying assholes that give out the jobs numbers that always “revise them” 2 weeks afterward, so the 660,000 number will of course be revised to 672,000 and now we have people going apeshit all over killing people from loosing their jobs…..
and our asshole lying ass fucks in washington having the nerve to come on TV everyday saying “all is wonderful and everybody go out and buy ice-cream and celebrate” is really going to bite them in their ass when they realize all is shit and getting shittier and there will be a day where they can not hide the facts anymore and all they are doing now is buying time to try to figure out how to hide 15 trillion in lost bank profits quietly and it just isn’t going to happen….
and by the way, Korea just tested their ballistic missile and all went well with it I suppose….pissed off Japan real good.
So sleep well tonight folks….according to our government, all is sunshine and green grass from here on out………..not.!!!!
I’m not a chartist, but pulling up chart after chart for retail, you’d notice that most of the surviving ones are now above the peak prices seen between the fall and March crashes. In other words, they’ve broken out to levels where they don’t see resistance until their values last September or so. Take KSS or JCP. Surely that makes you wonder if the pervasive bearishness here is dead wrong.
I’m no longer sure that the jobless rate matters to these players.
Amen.
The steel plant in town is down to 30% capacity for the past 2 weeks(lowest production ever). These are guys that were making 80K+/yr based on production bonuses a year and a half ago. Now they are basically working for $10/hr. China has huge surpluses on the docks as well.
Maybe we are at a bottom. Maybe this could drag out for months on end. Who knows?
leave some posts that are worth a fuck reading… all you too hip motherfuckers with nothing to say.
fuck you bitches. let’s find a solution to this mess.
North Korea launches it’s missile, and it is over Japan in seven minutes…no intercepts by US or others.
This surely is another reason for the market to rally Monday, no?
http://news.yahoo.com/s/ap/as_nkorea_missile
MasterDebater,
If watching that does not make your blood boil im not sure what will… Everyone should watch this video.
Needle dick the bug fucker Says:
How bout Obama and 500 guests to London. What a joke. Rape America
*****************************************
Where do you get the info there were “500 guests”, asshole? Limbaugh or Newsmax?
Did you ever hear of SECURITY and STAFF FOR WORKING ON THE SUMMIT?
I imagine you are one of the fuckin’ MORONS bitching about his IPod gift to the Queen.
Republicans are the DUMBEST people on God’s Green Earth
GOP is for the birds too. But you must admit, giving the Queen of England an iPOD is fucking low end.
Did it ever occur to you that in this time of global recession, a simple inexpensive PERSONAL gift like an Ipod might be appropriate?
Or that an Ipod loaded with the queen’s favorite show music like Rodgers and Hammerstein might be something she would enjoy?
Or that she might enjoy looking at DIFFERENT pictures of her trip to America maybe just ONCE?
Or that she doesn’t NEED another fuckin’ silver chalice?
How about the box of cd’s he gave Brown?
Brown gave him a thoughtful/awesome pen gift, and Obama offered him a box of DVD’s.
This is a chess game. This trip, he gets everyone to set their expectations low.
Next trip, he’ll give South Carolina back to the Queen.
http://www.ibankcoin.com/images/ppt_testimonials/10.jpg
Nice testimonial. Almost as good as the daycare owner’s.
Why do you require automatic resubscription?
Fly,
You sound really surprised. lol
Wall St. likes to pretend it’s full of really “smart” people but you ain’t got to be that smart if you’re playing a rigged game do you?
The pen set that Brown gave Obama was made of the wood from the same ship the oval office desk is partly made from, HMS Gannet.
DVD’s (not even Blue Ray) and an iPod??
This is an inherent form of generational golly wog gift- giving.
You can take the girl away from the farm, but you can’t take the farm away from (or out of) the girl.
Don’t you wish you felt that comfortable being cheap?
I think the queen mum must be dreaming about CHOC-OH-LAT!
When keepin it real goes wrong…. US Pres tried to keep it hood.
F the queen anyway. Inbred scum.
The Fly Says:
How about the box of cd’s he gave Brown?
Brown gave him a thoughtful/awesome pen gift, and Obama offered him a box of DVD’s.
Apr
******************************************
He should have given Brown, the warmongering
anti-Muslim, a box of dog shit. Or a fuckin’ PEN gift. A year in the Tombs.
The US needs a queen/king.
People in the US should be given a choice of voting for either the president every four years – or a monarch. The celebrity-obsessed could then express themselves and vote for Brittany, Shrub, or whomever, and the rest of us could choose to vote for the president …the guy with real power.
Maybe this would save us from electing the idiot sons of prominent Americans …as we did with GWB.
Too long have we suffered with the “to whom much is given, much is expected” sentiment. Much better that certain Adamses, Kennedy’s and Bushes, leave us alone and play golf …or become powerless monarchs.
Just some other readings re REITS/CRE
http://www.fundmymutualfund.com/2009/03/bookkeeping-beginning-to-build-reit.html
http://www.reitwrecks.com/2009/03/reit-stocks-4-ways-to-play-carnage.html
Collusion never ended
Estimated U.S. taxpayer cost for bailout jumps
WASHINGTON (Reuters) – U.S. congressional budget analysts have raised their estimate of the net cost to taxpayers for the government’s financial rescue program to $356 billion, an increase of $167 billion from earlier estimates.
The Congressional Budget Office had originally projected the $700 billion Troubled Asset Relief Program would cost taxpayers $189 billion.
The additional cost, which applies to TARP spending for fiscal years 2009 and 2010, was included in the CBO’s March projection of a $1.8 trillion deficit for fiscal 2009, which ends September 30.
The TARP cost projection was raised due to changes in financial market conditions, new transactions and a shift in expected timing of payments, the CBO said.
The Treasury Department announced plans to use some of the money to help avoid home foreclosures and made new deals with Bank of America and American International Group. Those programs involved higher subsidy rates than previously estimated, the report said.
Congress passed the Wall Street bailout program in October with the goal of stabilizing banks and reassuring jittery markets.
My favorite part of the article is the news that the programs involved higher susidy rates than estimated to Bof A and AIG. Well no shit. And people have been betting up these stocks. Unbelievable
A revolution is needed. I agree with Jim Rogers!! Why in the owrld are we paying for the bailout of millionaire bankers so that they can continue to live their lavish lifestyles while the rest of america suffers.
If millions of americans would write U Owe Me on their tax returns and send them in then what would happen?
Wake up people. Obama is growing government at am alarming pace. Spending more money than ever.
Where is today’s modern Day Cincinnatus?
Holy Moly
with stuff like:
– what Fly refers to above (conflict of interest),
– the explosive Moyers-Black interview,
– and this on CRE: http://multithreader.com/TheInquisitiveMind/2009/04/04/commercial-reits-equity-caution-ahead/
I am beginning to worry about our bull market.
I am beginning worry about the health of our bull market, what with Conflicts of Interest, Moyers/Black interview, and this on CRE: http://multithreader.com/TheInquisitiveMind/2009/04/04/commercial-reits-equity-caution-ahead/
.
I spoke to my guy over at Countrywide and ask him what he thought about the banks situation going forward..
His comment.. They have more people than ever coming in and telling them they can’t make their house payment…he is perdicting a new waive of forclosures.
As I see it, the question is once all the buyers use up this 8,000 tax credit say by june, what will the market be like going in the second half..the pick up in banks are in refi’s and new purchases from first time buyers using the 8,000 tax credit..will the stimulas really jump start the economy, or was it a temporary fix to buy time. If the feds would have not raised the interest rates, the same time gas and food prices were going up, we could have avoided this mess. The gov can’t relate to the working class, middle america is the bones that built this country. unfortunately the middle got greedy too and sold out. So maybe betting the banks will have another round of crying to congress to give them some money may not be out of the question. Should I really sell my faz position?
http://foxforum.blogs.foxnews.com/2009/04/03/wall_street_treasury/
Obama should have given her a deed to the U.S.
“We can’t afford this country anymore. You can have it back now.”
So Fly, ya gonna cover your SRS? It looks like due to fuckery IYR could fly. Then again, maybe IYR will get fucked.
Twitter’s new competition is a nanoblog – Flutter.
http://www.youtube.com/watch?v=BeLZCy-_m3s
Did it ever occur to you that in this time of global recession, a simple inexpensive PERSONAL gift like an Ipod might be appropriate?
It occurred to me that in a time of global recession, one might not want to spend $4 trillion in one’s first year in office, especially given our already burdensome debts and off-balance sheet liabilities (SS & Medicare).
Next to that careless excess with taxpayers’ money, an inexpensive gift (no matter how many staff he Clintoned to the G-20 Summit) is kind of an empty gesture.
_____________
The Overlord testimonial may very well be your best yet.
Ack Ack!!
________
The celebrity-obsessed could then express themselves and vote for Brittany, Shrub, or whomever, and the rest of us could choose to vote for the president …the guy with real power.
This is grand irony, with the first President to be elected via the collective wattage of People and Us magazines in the Oval Office.
“Shrub,” a celebrity? How out of touch are you, exactly?
_____________
Obama should have given her a deed to the U.S.
“We can’t afford this country anymore. You can have it back now.”
Unfortunately, she’d already filled out her hopeful “51st State” application.
‘Bama said “Get in line, sister.”
_____________
AIG was chump change:
http://www.truthout.org/033109J
http://www.wealthtrack.com/video_player-01.html
Leo Hendery made the point during a CNBC interview last week that high school students graduate in the next few weeks.
Assuming 1% population growth, that’s about 3 million people. Some plan to go to college, but the majority will be searching for work. There aren’t that many jobs out there.
Those riots we keep seeing in Europe may be coming to a city near you soon.
JakeGint Says:
Did it ever occur to you that in this time of global recession, a simple inexpensive PERSONAL gift like an Ipod might be appropriate?
It occurred to me that in a time of global recession, one might not want to spend $4 trillion in one’s first year in office, especially given our already burdensome debts and off-balance sheet liabilities (SS & Medicare).
Next to that careless excess with taxpayers’ money, an inexpensive gift (no matter how many staff he Clintoned to the G-20 Summit) is kind of an empty gesture.
********************************************
Oh, you mean Obama should be CHASTISED for HONESTLY accounting for the missing items in Bush’s $3.2 TRILLION PLUS THE WAR AND BAILOUT COSTS HE DIDN’T LIST CURRENT YEAR BUDGET? This BUSH fiscal year ends September 30, yo-yo.
Obama is trying honest accounting for a change.
“Republicans are the DUMBEST people on God’s Green Earth”
Hsbc issuing 17bill rights offering 41percent discount to closing price!
Pretty good LPGA golf tournament going on (Kraft Nabisco) and is going to number 18 and the final three are Americans. Imagine that.
Rooting for Brittany Lincicome.
My son played a mixed four ball amateur match with her several years ago and she was an animal off the tee.
Oh, you mean Obama should be CHASTISED for HONESTLY accounting for the missing items in Bush’s $3.2 TRILLION PLUS THE WAR AND BAILOUT COSTS HE DIDN’T LIST CURRENT YEAR BUDGET? This BUSH fiscal year ends September 30, yo-yo.
Actually, if you consult the budget items he’s listed this year, he’s not honestly accounting for wars in Iraq and Afghanistan, and we are talking about his budget, not that of the Bush Administration’s.
And are you contending that Bush’s budget for those two wars this year was $3.2 trillion?
I’ll give you a pass for not having a head for numbers– you’re being a wooly headed Democrat and all– but your pass doesn’t account for this level of foolishness.
Obama is trying honest accounting for a change.
Not thus far.
The CBO has already shot down his pie in the sky deficit projections as woefully underrepresented (that means “too low” fyi), and projected his additions to the current debt at $6.5 TRILLION.
Again, paint me unsurprised that the basic maths (sic) fly harmlessly over your head, never worrying for purchase.
“Republicans are the DUMBEST people on God’s Green Earth”
You read this stunning bit of analysis in People Magazine, one assumes.
___________
One other thing — if you’re so godawful bright and sure of yourself, why not continue to post these awful excuses for your Dear Leader under your regular name here….
“Generationally Maladjusted?”
__________
Just “off the tee” TC?
LPGA has become a lot more interesting to watch in the last couple of years, that’s for sure.
__________
‘HSBC announced the issue in March, and offered 5.06 billion shares at 254 pence each on a basis of five new shares for 12 existing shares.’
5 / 12 = 41.67%
>The Fly Says:
Hsbc issuing 17bill rights offering 41percent discount to closing price!
April 5th, 2009 at 5:11 pm Vote: Add rating 0 Subtract rating 0
Due to the great news, HSBC will be up 25% on Monday and banks will jump up 10% overall.
Look, ‘Dennis Knealish’ type men in pink embroidered jumpsuits are bidding this market up with the gusto of a fat man at an all you can eat buffet. Best to either get long or stay in cash. Its of no use to bet against this buffoonery.
IBM wants a .05 cent concession, Sun Micro says NO. It’s deja vu all over again.
Poor Scott McNealy, he could have been a contender (about 5 times over the last 20 years).
Ego has no place in the new Obama economy.
Unless you are Obama, that is.
p.s.: note to JAVA: Sell the sonofabitch.
Woohoo I am listening to Dear Leaders music now, this is the shit. I hope Obama doesn’t write him a dirty letter telling him to turn it off.
In more important shit, it appears IBM does not want SUN now. No doubt the Q’s will be up 7% tomorrow on this news. It also appears there are a number of shelf offerings announced. This will really goose this market higher ala KIM.
The sun going down on java (again):
http://online.wsj.com/article/SB123896664697090681.html#mod=rss_whats_news_us
Shades of yahoo!??
If you have any questions on my KIM analysis, please feel free to call me 212-449-1944 at or drop an email – [email protected]
The UK investigating insider trading activity:
http://www.independent.co.uk/news/uk/home-news/net-tightens-on-insider-trading-1663427.html
Over one third of M&A deals were front run.
Elizabeth Warren, chief watchdog of America’s $700bn (£472bn) bank bailout plan, will this week call for the removal of top executives from Citigroup, AIG and other institutions that have received government funds in a damning report that will question the administration’s approach to saving the financial system from collapse.
http://www.guardian.co.uk/business/2009/apr/05/useconomy-regulators
Sun is done:
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/04/02/state/n132642D55.DTL&tsp=1
Did some updated work this weekend. I think we will rally through this week and possibly into early next week. I think we will hit S&P 912 before we get a significant short term retrace. I think gold will go down to $840 before it gets a retrace bounce. Have a good week guys.
Looks like Asia is suspending reality again this week, well at least for Monday. I guess the NK rocket “missing” Japan is good reason to move up
DATELINE PYONYANG: The DPRK announced that the rocket did not fizzle. Kim Jong Il stated that the satellite is going round and round. The ban on iBC and PPT is continued until further notice. That is all.
RE: DevilDog’s “I think gold will go down to $840 before it gets a retrace bounce. Have a good week guys.” Wow. That is quite the upgrade from the $6oo/oz figure you’ve been touting and spouting until recently… what changed your mind DD, reality? Not that I will be selling my bullion on that kind of insignificant correction prediction; in fact, anything below $900/oz sounds like a decent opportunity to load up on more, so I hope you’re correct. Not that I don’t have my doubts about your acumen, it’s like the weather: it changes without any real warning, and when it does the reasons are more obvious than a boil on a baby’s face.
DD, if you are basing this price on the IMF’s ability to sell gold, wake up, ’cause the dream is over. Even if they drain every last ounce (tonne, whatever) tomorrow it still won’t amount to much compared to what China has the capability (and desire now, thanks to the smoking printing presses of the USD) to absorb. $600 to $840, hey, I guess at least you sound like a bit less of a dreamer now…
JakeGint Says:
Oh, you mean Obama should be CHASTISED for HONESTLY accounting for the missing items in Bush’s $3.2 TRILLION PLUS THE WAR AND BAILOUT COSTS HE DIDN’T LIST CURRENT YEAR BUDGET? This BUSH fiscal year ends September 30, yo-yo.
Actually, if you consult the budget items he’s listed this year, he’s not honestly accounting for wars in Iraq and Afghanistan, and we are talking about his budget, not that of the Bush Administration’s.
And are you contending that Bush’s budget for those two wars this year was $3.2 trillion?
I’ll give you a pass for not having a head for numbers– you’re being a wooly headed Democrat and all– but your pass doesn’t account for this level of foolishness.
Obama is trying honest accounting for a change.
**********************************************
Are you THIS CLUELESS? We are operating currently under the FY 2009 BUSH budget which covers the time period Oct 1 2008 thru Sept 30 2009. And THAT BUSH BUDGET exceeded $3.1 trillion WITHOUT accounting for $200 billion in
Iraq / Afghanistan SUPPLEMENTALS AND WITHOUT ACCOUNTING FOR THE $700 BILLION IN BAILOUTS!
http://www.sourcewatch.org/index.php?title=FY_2009_U.S._federal_budget
Obama has not listed items for “this year”. THIS YEAR is a BUSH budget until September ends.
Don’t bitch about Obama “spending $4 trillion”
when it was BUSH who spent the Goddam $4 Tril!
DD:
I think things will TRY to keep crankin’ this week, however…
Deep in my gut, I sense some serious trouble ’round the bend.
The bend is quite close, and we don’t yet know what will cause it, but it will be quite substantial.
Goin’Fawr Says:
RE: DevilDog’s “I think gold will go down to $840 before it gets a retrace bounce. Have a good week guys.” Wow. That is quite the upgrade from the $6oo/oz figure you’ve been touting and spouting until recently… what changed your mind DD, reality? Not that I will be selling my bullion on that kind of insignificant correction prediction; in fact, anything below $900/oz sounds like a decent opportunity to load up on more, so I hope you’re correct. Not that I don’t have my doubts about your acumen, it’s like the weather: it changes without any real warning, and when it does the reasons are more obvious than a boil on a baby’s face.
DD, if you are basing this price on the IMF’s ability to sell gold, wake up, ’cause the dream is over. Even if they drain every last ounce (tonne, whatever) tomorrow it still won’t amount to much compared to what China has the capability (and desire now, thanks to the smoking printing presses of the USD) to absorb. $600 to $840, hey, I guess at least you sound like a bit less of a dreamer now…
April 5th, 2009 at 9:32 pm Vote: Add rating 0 Subtract rating 0
Goin, Gold will go to 600 – 650 after the bounce. Please tell me why gold is down $11 tonight after the N. Korean missile and renewed geopolitical concerns not to mention gold failed to make a new high off the FED $1.2T inflation scare. Buy gold and GLD to your heart’s content all you want. I’ll be against you. You’re the dreamer.
“Not that I don’t have my doubts about your acumen, it’s like the weather: it changes without any real warning, and when it does the reasons are more obvious than a boil on a baby’s face.”
dd’s ‘forecast’ changes depending on what combination of blogs he is currently reading in an effort to determine how to allocate the $3257 smackers in his scottrade acct.
The new national health care system:
Obama chooses who lives or dies.
Bye bye, America.
Craig Schmidt Says:
If you have any questions on my KIM analysis, please feel free to call me 212-449-1944 at or drop an email – [email protected]
Ha ha
http://dailybail.com/home/sl-regulation-heavywieght-william-black-charges-geithner-sum.html
Pretty interesting accusation of cover up
“Please tell me why gold is down $11 tonight…” Two reasons: Mark to Market abracadabra combined with the G20 ‘the world economy is safe now, thanks to us’ hocus pocus…Good luck with that. Meanwhile in the real world: it’s early yet.
Sue Flay Says:
The new national health care system:
Obama chooses who lives or dies.
***********************************
The fuckin’ FOR-PROFIT INSURANCE COMPANIES
do that now! I trust Obama more, and I WELCOME the change!
Gold down $19. I win.
Hey notagop,
You’re right. Obama is the new God. You might say he is bigger than Jesus. Praise be Obama. We are all Socialist now.
You’ve done your duty, now move on.
I’m thinking that the shiny metals’ tin foil hat club is of the opinion that the IMF is destroying the run up just to make it not appear as if jobs are being destroyed AND inflation is starting to run.
I don’t think the fireworks over the weekend have any real correlation to anything outside of that third world despot’s deranged imaginings.
NotaGOP/Alf44/Generational Bottom:
No sir, I am not clueless.
Neither am I trying to obfuscate the subject. What I was talking about was Herr Obama’s budget, not George Bush’s.
Get it? We are talking about the budget Obama just put before Congress. HIS budget. That was what I linked to you — the PLANNED spending going forward. George Bush does not come into that calculus. This is the PLANNED SPENDING of President OBAMA — the 44th President of the U.S. who is now asking the Congress for new spending going further.
Can I be any clearer?
You will have to throw away your Bush crutch. You will have to stand up for Obama’s taxing and spending in time of massive, debilitating recession.
Shout all you like, but you simply must calve yourself from the Bush Derangement Syndrome, and understand the problems we face today, thanks to your President’s decision to replace the private economy with decisions emanating from the Oval Office.
____________
The fuckin’ FOR-PROFIT INSURANCE COMPANIES
do that now! I trust Obama more, and I WELCOME the change!
Next meeting, eschew any kool-aid proffered.
____________
Gold down $19. I win.
LOL.
It must have closed at $619 on Friday?
________
I’m thinking that the shiny metals’ tin foil hat club is of the opinion that the IMF is destroying the run up just to make it not appear as if jobs are being destroyed AND inflation is starting to run.
No need for paranoia. It’s more likely they’re doing the same thing I am.
The interesting thing about gold and PM miners is that they are a very small market. A lot smaller than the S&P 500, for example.
GDX, folks, take advantage.
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Cuervos: Man do I agree emphatically with the last part of your argument: “I don’t think the fireworks over the weekend have any real correlation to anything outside of that third world despot’s deranged imaginings.” End of…
As for the IMF ‘destroying the run up’, Casey has his doubts. Even if they were trying; the IMF simply doesn’t possess the MASS required. And because “jobs are being destroyed AND inflation is starting to run” are real world facts, we are left with the ‘Mark to Market’ shazam and G20 hyperbolized optimism as short-lived explanations.
(Adjusts tin foil hat)
Boom —
All due respect, but Moyers should have been put out to pasture with the Carter Administration.
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