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Keeping his cards tight against his chest. But, who can blame him? He's got skin in the game and he's gonna play it until it can't be played any more.
Thats exactly what I took from the conversation especially with regard to the Muni's.
I would rather hear a four-hour rant by Lyndon LaRouche, delivered in Steven Hawking's robot voice, than listen to the thready, frightened little girl whining of Bill Gross.
... I would rather gargle Oprah's diarrhea than listen to this sheister .....
I would prefer to gargle Margaret Brennan's diarrhea.
The conclusion is that in April or May, something "unexpected" will happen to give the Fed ammo to continue monetizing.
Under normal conditions, I would say that the market is a forward discounting mechanism. (One can have an entire debate on this stmt alone) However, saying that even in this bizzaro world we live in that this is still true, we should be seeing the effects of the spigot being turned off much sooner. (Read: this month. lol)
The word Putz comes to mind...
The half smirk with grin was a nice touch.. thanks for that riveting interview. Margaret takes this stuff so seriously, no booze filled underwear waving scenes from her. (though I did hear a faint chuckle)
Why does anyone believe the fed will stop buying treasuries in june? it's much like the debt ceiling, it will continue past any short term deadline.
I've read that Meredith Whitney is forecasting 50 to 100 USA municipalities to defaul within days.
BULLSHIT, I've been saying it for a while, even gotten kicked out of forums **cough** market ticker forums **cough** but it's frankly no longer about fiscal responsibility, it's a national security issue. UNLIMITED FUNDS TO PREVENT SOCIAL UNREST!
"UNLIMITED FUNDS TO PREVENT SOCIAL UNREST" that is definately a factor...and a big one...that is why the pumping of the stock market...and keeping interest rates low...they forgot the gas and food thing though
Seeing the margin calls from such an event would be glorious...
MW was on cnbc this morning along with Gross making that call and and flat out disagreeing with Gross.
I'd like to take that bitch out to the woodshed. Sure she's on the air warning the poor, ordinary folks about the dangers of imminent municipal defaults because she is a caring soul and couldn't bear to see the average Joe lose his retirement nest egg. Wake up suckers. These people all have agendas. She's short municipals.
For a while there, you would have to be crazy to bet against America, now it seems its collapse in General. Goldilocks and mustardseeds BITCHES, the world economy is TBTF.
Well, that sounds like the crash is right here and now
Illinois raised income taxes from 3 to 5% in a secret session last night. That is progress...
Austerity you can believe in. lol
May 6 my ass. Cinquo de Mayo Bitchezzzz.
QE? QE? We don need no stinkin' QE, Senor.
Get it right TD! It is Newporsche Beachian.
The JPMorgan CEO said he expects to see more U.S. municipalities declare bankruptcy, Bloomberg News reports. His concerns echo those of Meredith Whitney, the analyst who has said the next major financial crisis will come from a wave of local government defaults, and those of famed investor Warren Buffett, who has called the municipal debt situation a “terrible problem.”
“If you are an investor in municipals you should be very, very careful,” Dimon said, according to Bloomberg…
Why is Jamie Dimon trying to cause a panic in the muni market?
1) Steal underwear.
They're just creating so much confusion. So many different alarm bells going off at the same time in all kinds of different situations.
They just want us scared and meek. Shock and awe technique. So that when a solution is prospected we would just accept it. "Anything will do, just stop tormenting us with these catastrophic forecasts". "Give us some soma for Goodness sake".
When SDRs will be on the plate. people will be glad to get them, the same way European southern countries were scared of default if they didn't accept the Euro back then.
History repeats its self and memory is very short term.
Cutting municipalities' police and fire fighters makes sense? Sure, but don't touch that low-balled 600-800 billion dollar defense budget to chase camel-riding terrorists who dwell in caves 4000 miles away. I'm so happy and proud to be a leach on the system these days!
Margaret Brennan is hot.
That Bloomberg reporter is so hot its amazing Gross was paying enough attention to her words to respond appropriately.
I've got a magnet he can pull right here...
blah blah blah in terms of blah blah blah in terms of blah blah blah in terms of blah blah blah...
thanks for posting the text
more entertaining than this squirrellfully tepid mug.
Well, I think the Portagee bonds were purchased by Uncle Ben to help round out the old portfolio.
I'm dragging out my supply of Confederate, Bonds, King Zog Bonds, Weimar Bonds and packaging them up in stunning Triple A garb with a little help from my friends at S&P and Mooody's. Wouldn't you like to have some these? They are really pretty.
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