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" It was just yesterday that Tim Geithner was lying"
and in an earlier post from ZH the title
Submitted by Tyler Durden on 09/15/2009 18:31 -0400
and then we have Representative Joe Wilson and his suggestion that someOne is lying
No one is lying. This all based on racial tensions.
False. I'm only criticizing Obama's white half.
Very funny! I'm going to have to remember that one.
"The great mass of people... will more easily fall victim to a big lie than to a small one." Mein Kampf, Vol 1, Chap. 3
ahahahahah - man-made global warming.
TURBO TAX TIMMY DON"T LIE!!!
ANOTHER SHAMELESS MINISTER
“Unemployment still remains a real problem for families up and down the country,” Employment minister Jim Knight said on BBC News. “We’ve got to keep the support going and not be tempted to celebrate the recovery.”
The unemployment rate in the three months through July rose to 7.9 percent, the most since 1996, the statistics office said. That compares with the latest figures of 9.5 percent in the euro region, 9.7 percent in the U.S. and 5.7 percent in Japan.
I'm trying to raise capital to flip some realestate in SD.
Would that be South Dakota or San Diego?
San Diego...of course
Can you get it rezoned as commercial property and then have it evaluated as such? Instant 40 percent gain mutha focker!
Are you trying to lose money?
I am Chumbawamba.
I'm kinda with Chumbawamba on this one... I don't think that the spread between the sale of a barebones home versus a remodeled home is great enough to make it worth your while... it used to be... but I think that housing is one big flea market right with very narrow spreads. And with housing prices still falling... you may buy a house to flip right now... get the remodel done within 6 months... then find out it has fallen another 5-10% and lose your profit that way.
aside from the fact that after remodeling, you'll have to find a ready, willing, and able buyer... in an environment where such buyer cannot obtain financing because A. he's not credit worthy and/or B. the potential financing institution is scared shitless about loss reserves and is using the tarp/talf to bolster reserves to weather a regulator storm (at least at the regional bank level, since those banks will be sold for pennies on the dollar and simply funneled up to ensure the doctrine of mutually assured destruction is fortified).
Excellent, All in...
This is a perfect chance to use the FHA before they implode.
First off I assume this is a joke, kind of because soliciting business here is well, kinda not sorta welcome.
If it isn't, my insight says that people are actually looking for crappier, unimproved properties to save on cash and down payment so that they can have a project home to move in. We did that during the real estate crash of the early 80s. No way we wanted to buy some tarted up overpriced ego inflated property.
AEP mentioned this in the article TD linked to earlier. With the M1,M2,&M3 all declining, isn't this bullish for the dollar, no matter how much money they print? Or is this just the fabled "Ka" in "Ka-Boom"?
Forgive my ignorance but my degree is in theology not economics.
I truly believe we are in the disinflationary "Ka" before an inflationary "boom". One shred of actual good data out of the steaming pile before us will send this thing to the moon. For now the dollar carry trade lives, or if that explanation doesn't float your boat then non-US issuance is higher than ever. Either way the move has legs.
But if one thinks in cycles then this would be a mini-cycle of a much bigger one to come. The fiatistas will/are now successful in reflating the bubble. This mini-cycle will end with the inflation trade capitulating to the upside (mini boom).
That will set off mondo-deflation that is the big KA. After an indeterminate time in deflationary death spiral, when enough dollar denominated financial products dissappear, then we'll go full tilt Weimar and all paper wealth will go poof.
Just one guy's opinion, ya know.
More on this idea from someone who knows more than I: http://news.kontentkonsult.com/2008/11/deflation-inflation-two-step-too....
if your degree had been in economics you would be
beyond redemption to put it mildly....
you are correct that mx are slowing and possibly
this in general is bad for people and business
as it leads to less available capital if indeed
demand is there....the evidence suggests that
it is not...yet i also believe that the economy
is being squeezed by the oligarchs in a planned
depression...surely if you accept thet notion
of evil you can accept that scenario as plausible...
there are many stories about healthy businesses
going out of business because the banks won't
however, if credit is declining for valid
demand reasons, then the shrinkage in money
supply would be expected....and it could lead
to dollar strength - maybe...
printed money will be measured by at least one
of the m-series...so your statement is
confused about printing money but not
showing up in the money supply....
it may not circulate - i.e. is deposited in the
federal reserve where ~800b is sitting doing
there is a strong possibility that reductions
in circulating money supply could prop up the
dollar....but the other consideration is that
many countries are in the process of dropping
the dollar as a trade currency thus it may be a net wash...
as far as exchange rates, the dollar has been
dropping coincident with the drop in money
supply....so i am not sure that i buy the
i do not have an economics degree so caveat
If your question is regarding relative bullishness and bearishness of dollar exchange rates, then it is bullish for the dollar if these money supply metrics are declining faster for the dollar than they are for other currencies. (...is the simple and crude answer) Of course market psychology and government policy of various world players play a big part as well. For example, if the money supply shrinks so much that it becomes evident that it is impossible for the US government to pay off its obligations since the amount of obligations takes on a much larger part of the total money supply, then it is also possible to have a run on the currency and that would obviously be bearish.
Now if you could indulge my curiosity for a second. In another thread someone mentioned that Lucifer and Satan were different things, that one was associated with light and the other was the Prince of Darkness. Is this true? If so, what distinguishes them from one another?
I think that was a reply from ProjectMayhem, where the distinction was Luciferianism, 'the idea that the Architect is superior to the Creator. The light of Lucifer -- old intelligent dude with the beard, "the Architect"' and Satanism, characterized as a fallen angel or demon. Thread - www.zerohedge.com/article/cftc-seeking-your-feedback
The correlative econo-theological reference is Rev. 6:5-6. Now, I'm no eschatologist but it is my speculation that the third seal (as well as 4,5,6 with the "boom" of 6 yet to come) are open, depending on whether you approach it from a linear or non-linear "time" perspective.
I just want to know is the S&P ever going to drop again? Or should I just put on a blindfold and dive into the long end like the rest of today's market "participants". Never have I felt so strongly about building & maintaining a position (short S&P) & yet so conflicted based on the constant move higher. I long since gave up on Sept selloff options, and now Oct's are looking perilous as well.
Your opening question is easily answered: "Yes".
Further study of the historical trends of the spx or dow will help you overcome what seems to me some frustration, or confusion, or perhaps anxiety. what is happening now has happened many times in the past 100 yrs or so.
as an example, just 6 months ago people were panicking and saying "..I just want to know if the S&P is ever going to go up again?"
I hope this helps and I wish you good luck.
and further to your point, the market had a similarly inexplicable amount of helium exactly two years ago. Putting on the blinders and going with the flow would not have worked out so well then, just as that strategy never does.
You guys would normally be right, but when things are manipulated, history, waves, support, charts, trends, blah, blah, blah, don't mean fecal matter.
I am fascinated that folks think the market is manipulated/an out right lie, AND they seem to appeal to patterns that have happened in the past. Which is it?
Perhaps I misrepresent some of you, but this seems to me a more subtle form of the cool-aide drinking denial that goes on with otherwise really smart posters. The only stance that possibly works in a manipulated environment is if you think you know their logic. But we can't.
I took my ball and went home. Fuck them. (Is that rude to type? Okay fcuk them). And yet they can still get me by devaluing my dollar and fcuking with the price of gold.
No wonder someone wants to ki.....
Never mind. Me and my ball will just fcuking sulk here...
I don't want to be rich. I just want my family safe, with enough food to eat, safe place to lay their head. AND THEY HAVE TO FCUK WITH ME.
ASSWIPE BASTARDS. You know who you are. If you troll these sites, put yourself in my position. You are robbing me and I know it.
I say these words as a mother. I don't have very far to reach down inside and find a world of pissed off.
I bet you even think it is funny.
Don't believe the tripe the gold bears are serving. $1,000/oz is a passing fad...on the way to the moon. They can't suppress they price forever (if in fact THEY are doing so). 1.3 billion Chinese don't lie.
Gold, guns, garden.
You said it chumbawamba!
I agree! I'm so fucking disgusted. The manipulation of the markets is unbearable to me.... Despite finance folks railing about how you lose in going to cash, I am sick over having not gone to cash 100%.
My portfolio is mixed, was about 1/2 long and 1/2 short (short RE) now my % is 2/3 long and 1/3 short (my shorts are getting killed.)
I wish the manipulation of our economy would stop. I have no faith in this system anymore and wish the ass would just fall out so we can start off again with REAL numbers, REAL transactions and some TRUTH.
I don't see it happening. It's starting to feel too Matrix-ish for me.
Why would you take your ball and go home? This is welfare for traders and I am in line everyday. The only missteps I've made is when my hedges go against me and reduce my profits. I have more 5 and 10 baggers than I've ever had, since in the past, I've always taken gains or gotten shaken out. This is the first market that has allowed me to stay with certain positions until they are 10 baggers. I have taken all my cost basis out when they were doubles and triples and have no reason to stop trading around these positions.
Great for you!
So share your secret with the rest of us.
"I am fascinated that folks think the market is manipulated/an out right lie, AND they seem to appeal to patterns that have happened in the past. Which is it?"
It is both.
Markets have always had varying degrees of manipulations and lies, some more severe than others. This time is not different, though the degree of manipulation is unquestionably higher than in the past. Ergo, patterns repeat.
Take a look at a 100 yr chart of P/Es
Great comment. I agree, technicals, fundies, patterns, histroy... All have no meaning for small moves.
However - there is a definite end to this. Either they stop and the $ gets stronger. Or, the dollar faces outright collapse, in which case nations everywhere start to collapse.
There is no possibility of ad infinitum continuance.
Savings rate i dropping, so that might be the missing parameter. Furthermore refis may provide the drones with some additional cash to buy stuff for.
Here is a blast from the past, i know some of you ZH friends will remember my post from long ago:
In Feb, www.twincities.com published an article (link has expired, sorry) about a lunch lecture that the CEO of USBancorp gave in which he reported a few details about his dealings with hank and company. He said that he and all TARP recipients were told that they should tell the public that the TARP money was for lending, but in fact they were NOT to use the money to lend; they were to use the money to buy smaller firms in order to be a part of the great Darwinian cleansing that was "necessary" at this time.
What i don't get is why that never made it to any other news. I posted that damn article all over the place, sent to dozens of our elected officials, and apparently, no one capable of calling hank and ben out on this seems to think this is a problem.
Remember last fall, we had a tag team constant media blitz from hank and ben continuing to tell us how the banks had to be infused with money to keep liquidity flowing and lending possible...too bad they didn't tell the truth...more lies...in fact what we had, was money given to blackholebanks, aka toobigtofail bankheist bonanza.
"Darwinian cleansing"....those sons of bitches. A true Darwinian cleansing would involve all the dinosaurs being wiped out by the changed environment, allowing the tiny mammals to take over.
And now we have rumbling about strengthening Basel II, feeding more little mammals into the maws of doomed dinosaurs. All with the blessing of Count Fedula. Great.
I believe it is Intelligent Design cleansing.
Haha, you nailed it.
Behe is a dumbass!! Oh, pardon me, that's right - he's a professor of biochemistry at Lehigh.
That's standard operating procedure. Downturn are always gobble up competition periods. Always have been always will be. Darwinian cleansing is just "leet speak" for rigging the game against everyone and then playing I win.
Darwinian cleansing is what survivors do... but in this case, it was broken, failed, toobigtofail blackholebanks GIVEN MONEY to survive... [original TARP recipients at treasury ( GS, MS, C, MER (standing behind BAC)) with the rest thrown in even though they didn't need the money to make the public think that it was only one bank (C) that was in trouble and help it all seem legit.]
So, just like our friend in the earlier post quoting Mein Kampf, this was a very big lie to say that TARP was to keep lending flowing--it was to save failed entities, GS, MS, MER(with the sucker deal from BAC) and C, that then used the money to get bigger, and more 'systemically' important, in order to ensure that they will always get bailed out of their mistakes and their eventual bankruptcies....
Darwinian cleansing here is rigged totally, and we were all screwed by the biggest bailout heist of all time...and I am sure it wasn't the first, and unless we shut down the privately held federal reserve and it's machine in the legislature, we will never get relief.
Unfortunately it looks like the true Darweninan clensing will not involve moving pieces of paper around.
Kill the local banks and the economy along with it to create another crisis and do the nationalize heist. As the worm turns.
Found a lot of references to that article:
Search For "extra cash to buy weaker banks..."
(nice picture by JohnKing!)
Thanks for finding the article referenced--it is still astonishing that no legal action is being taken to take back TARP with this admission from the CEO of USBancorp...we are drowning in corruption as a country.
You need to include a direct link to the article if we are to read it
You are hitting the nail on the head. At the end of the day what the Fed has done by taking all the garbage assets off bank balance sheets and what the Federal government has done via the TARP package is create a new bubble in INVESTMENT BANKER BONUSES.
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