Art Cashin's Take On Europe's Fiasco

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Tue, 07/12/2011 - 16:02 | 1449180 Sudden Debt
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First it's euro bashing time

Then It's US bashing time

Now it's euro bashing time again

All in 1 trading session. It's been fun today :)


Tue, 07/12/2011 - 16:24 | 1449271 camaro68ss
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Race to the bottom BITCHEZ!

Tue, 07/12/2011 - 17:25 | 1449550 prophet
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Well, now meet me in the bottom,

Bring me my runnin shoes.

Well, now meet me in the bottom,

Bring me my runnin shoes.

When I jump out the window,

I won't have time to loose.

When you see me streakin by,

Please, don't be late.

When you see me streakin by,

Please, don't be late.

Well, when you see me movin,

You know my life is at stake.

Well, I hope you see me,

I come streakin by.

Well, I hope you'll see me when,

I come streakin by.

She got a bad old man,

You know, I'm too young to die.

Boy, I got to leave here.

Fore I get caught in there.


Howlin' Wolf - Meet Me In The Bottom

That tune is one of my all time favorite rifs.

Tue, 07/12/2011 - 16:03 | 1449189 gorillaonyourback
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now thats funny

Tue, 07/12/2011 - 16:07 | 1449216 SWRichmond
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It's a perfect story.

Tue, 07/12/2011 - 16:24 | 1449265 Translational Lift
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Nope.....Their trying to get PIIGS to fly  ;>)

Tue, 07/12/2011 - 19:33 | 1449873 thatthingcanfly
thatthingcanfly's picture

It's "They're." Jarhead.

Wed, 07/13/2011 - 03:19 | 1450780 A.W.E.S.O.M.-O 4000
A.W.E.S.O.M.-O 4000's picture

Dude, it's bad enough I got to take a math test to post. Now I have to watch my spelling and grammar?

Tue, 07/12/2011 - 16:05 | 1449204 au_bayitch
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Pigs will fly before the banksters are done sucking the life from the working class dogs.

Tue, 07/12/2011 - 16:07 | 1449217 4xCompass
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Brilliant! back to the bottle Art.

Tue, 07/12/2011 - 16:12 | 1449232 kito
kito's picture


Tue, 07/12/2011 - 23:50 | 1450462 snowball777
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Tue, 07/12/2011 - 16:12 | 1449234 cougar_w
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Sounds like a riff on the "running away from a bear" idea.

You don't have to be faster than the bear to get away from  a bear, you only have to be faster than one other person who is also running from the bear.

Tue, 07/12/2011 - 16:13 | 1449236 francis_sawyer
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Well that solves the question...

Art Cashin... Alive or dead?... Answer: still alive...

Now... about Bin laden




Tue, 07/12/2011 - 16:14 | 1449239 williambanzai7
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In Europe horses do fly all the time, to Finance Minister meetings.

Tue, 07/12/2011 - 16:16 | 1449244 Sudden Debt
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A unicorn isn't just a horse.

so you know...

Tue, 07/12/2011 - 16:47 | 1449395 Use of Weapons
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...and unicorns don't have wings.


so you know...


[You were aiming for Pegasos, but got way-laid by a gay underground scene meme; better due diligence!]


Tue, 07/12/2011 - 16:55 | 1449433 Sudden Debt
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Tue, 07/12/2011 - 17:13 | 1449507 Use of Weapons
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A lifetime is a child playing, playing checkers; the kingdom belongs to a child.



Night Dad!

Tue, 07/12/2011 - 19:24 | 1449846 thatthingcanfly
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Nice to see there's another Iian Banks fan on ZH.

Tue, 07/12/2011 - 16:28 | 1449291 Crisismode
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Actually, it's just the Horses Asses that fly to the meetings.

Tue, 07/12/2011 - 23:54 | 1450468 snowball777
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Tue, 07/12/2011 - 16:34 | 1449316 THE DORK OF CORK
THE DORK OF CORK's picture

There's a long tradition of Horse discourse in European poltical circles.


Tue, 07/12/2011 - 16:18 | 1449243 Dr. Engali
Dr. Engali's picture

Art's a genius. One of the few who ever makes any sense.

Tue, 07/12/2011 - 16:17 | 1449247 msnrochny
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Teach Horses to fly, and we have a fun story.  Teach Sheep to fly, and we'll have a revolution.

Tue, 07/12/2011 - 16:22 | 1449262 goldnguns
goldnguns's picture

The only real solution is stock the wine cellar, add a couple cases of Bambay gin, and tell the wife "honey, the trip to Italy is cancelled due to cross spectrum non-functionality and utter raving lunacy". Glad I didn't buy that little Tuscan villa in Pieve Santo a few years back.

Tue, 07/12/2011 - 16:30 | 1449295 Crisismode
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You'll be able to pick it up for a few pieces of gold in a few years time.

Tue, 07/12/2011 - 16:23 | 1449266 Gold Man-Sacks
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I haven't seen this guy, or Alan Valdez, on CNBC in months.  I guess they weren't day-trader, cowboysish enough.

Tue, 07/12/2011 - 16:25 | 1449274 CompassionateFascist
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Zero sez "no soc sec chex unless I get another 2.5 trillion in credit". Getting better by the minute.

Tue, 07/12/2011 - 16:26 | 1449280 Oquities
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as a young broker in the 80s i admired elder statesmen of the brokerage industry at the local level in Detroit.  i salute Mr Cashin as one of their kind,an anachronistic delight, the "customer's man," the wise guide.  Mr Cashin, if you go away tomorrow, know that i have appreciated you for years!

Tue, 07/12/2011 - 16:45 | 1449385 SwingForce
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Yes, he was the Paine Webber man-on-the-floor when there were still men on the floor, floor brokers and the like. How things have changed.

Tue, 07/12/2011 - 16:26 | 1449283 kaiten
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Funny how everyone loves moaning about Europe these days. So let´s look at figures. Eurozone aggregate budget deficit(projection for this year): below 5%. UK/US/Japan all have projections for budget deficit(for this year) around 10%, twice as much as eurozone. Now, tell me someting about hypocrisy. 

Tue, 07/12/2011 - 16:33 | 1449306 Crisismode
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Hypocrisy is not limited to any country, nationality, race, or creed. It's a deeply-ingrained human trait.

Tue, 07/12/2011 - 16:39 | 1449338 kaiten
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Well, thanks for your information. I´ll remmeber that! :)

Tue, 07/12/2011 - 16:39 | 1449337 Black Forest
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There is no Eurozone. That "zone" is an artificial patchwork.


Tue, 07/12/2011 - 16:44 | 1449376 kaiten
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So the UK/US is so scared of an artificial patchwork? Even better.

Tue, 07/12/2011 - 16:50 | 1449406 Black Forest
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So the UK/US is so scared of an artificial patchwork?

That's the funny thing about it.

Tue, 07/12/2011 - 17:02 | 1449467 kaiten
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It´s more revealing than funny, actually. Revealing of UK/US "strength" and self-confidence.

Tue, 07/12/2011 - 16:54 | 1449424 Oquities
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i think that the ability to create your own currency trumps debt-to-GDP.  the other countries you mentioned have that distinction from the Eurozone.

Tue, 07/12/2011 - 16:58 | 1449446 walküre
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There was a time when the US was able to force the world at gunpoint to swallow that USD reserve currency medicine or else.

That time has passed.

Tue, 07/12/2011 - 17:09 | 1449488 Oquities
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nevertheless, Japan, UK and US can print (for now), unlike Greece, Italy, etc.

Tue, 07/12/2011 - 17:09 | 1449492 kaiten
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The ability to create own currency, aka debasing the currency(let´s call it the real name), is an advantage? Funny you say this. I dont know about any country devalue-ing itself into richness. Sure enough african and latin american countries tried many times, but so far failed. Perhaps US/UK will be more lucky in this regard. We´ll see ....

Tue, 07/12/2011 - 17:19 | 1449527 Oquities
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didn't say it was an advantage.  it is, however, a reality.

Tue, 07/12/2011 - 16:54 | 1449431 walküre
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Another open secret is that Europeans aren't leveraged 1000x and one step away from filing bankruptcy like so many Americans still are.

25% of home "owners" are upside down on their mortgage?

Almost 15% of the population on food stamps to survive?

Debt ceiling breached again and again?

Unaffordable military experiments and other useless expenditures spanning the globe?


Tue, 07/12/2011 - 20:22 | 1449976 PhattyBuoy
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Surely a signal to expand my small business ...

Tue, 07/12/2011 - 23:57 | 1450476 snowball777
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Nice pea under the shell attempt.

How's their inflation?

And their GDP?

Alright then.

Tue, 07/12/2011 - 16:30 | 1449286 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

FTSE about to do a 50DMA and 200DMA death cross for the first time in a year.... ooooh, permission to soil ones self sir.

Tue, 07/12/2011 - 16:30 | 1449294 Careless Whisper
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Art is awesome.

Tue, 07/12/2011 - 16:46 | 1449390 Sambo
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Unfortunately or fortunately there is only one outcome. On a long enough timeline the survival rate for any system is zero.

Tue, 07/12/2011 - 16:48 | 1449403 MiningJunkie
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We need more Art Cashin's...

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