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bob's abbrvtns are crping bck in
Finally! This new style does not suit him well.
So are the self congratulations and back patting :)
Its 3 freakin sentences Bob, do you REALLY need to abbreviate??
fckng hrd t rd
Nice one Bob... but we knew that already...:)
from the Bernak: Free Base, Debase - it's all good.
A chic in a bar I was drinking in summed the US economy up nicely this weekend.
"I am going to buy a new iPad2 when my student loans come in."
That is all you need to hear.
Hey that "chic" is my daughter! I taught her borrow spend repaet at an early age.
Wonder when the headline scanning momo HFT's algos start playing leap-frog on the...down.
weak tell us sompin we dont know
Please tell us something we do not know some day.
The market seems not believe euro as credible.
Look at euro/us$ - negative outlook is better than restructuring of greece probably.
lemme fix that
pls tll us smpn we dnt knw
"it means the euro and ECB are credible and not at risk of fiat money printing." LOL -- ya, Anglo-Irish was already caught printing money 2 months ago
It was the Irish Central Bank, not Anglo-Irish.
Anglo-irish was nationalized - thus they are the Central Bank's tentacles (officially) now
However if i am miss interpreting this Irish example, then I would argue that there are other examples of the papering over these huge bailouts
Same as the 'ORDERLY' evacuation of the Titanic...where 1st class passengers went 10 into 50 man lifeboats, while the rest were told 'nothing to see here, all is well, go back to your steerage' and left to die plunging into icy N Atlantic. Cheers.
Its like nothing is new anymore - everybodys just waiting for the dam to break. Once you get past the incredulous phase at ZH, the rest is various stages of "big deal".
well, at least he got the second half right.
The EU is safe? Really.
Bobs bullish on the Eurozone over the Fed because the Eurozone is upfront about their debt monetization.....
Bobs finally capitulated. He should follow Rosie and stick to his fundamental guns. Being a bear (deflationist) and then capitulating (talking about melt-ups and hyperinflation) as risk assets are painting a major top wont look good on his resume but then again , thats what strategists do , talk a good game without ever having to goto bat.
so the German banks lent the Greeks money to buy German products, maintaining Germany's high employment and SoL and now the Greeks can no longer credibly borrow money but the Germans do not want to let go of their export ponzi? WTF.
The message from the exporter mercantilists is "god dammit, EARN MORE and BORROW MORE."
"where we have a central bank that knows only 1 (failed) trick - money debasement"
Reminds me of the aphorism describing the Fed that "when the only tool you have is a hammer, everything looks like a nail."
Prepare quickly, my friends. Calamity is certainty!
Orderly? That's what all the needless austerity is? That's what walking a marathon from the start yet claiming you're going to #win it is considered?
Wow, he must believe that turtles beat rabbits in races and such.
Well at least he realizes printing isn't working. But I doubt he understands why.
'COPPER has ignored the recent equity bounce. Daily and weekly are not bullish' ~ March 31, 2011.
'When the sell off does occur, it won’t be pretty. As mentioned earlier, this market behaviour is similar to 2007 / 2008' ~ April 6, 2011.
'DOW/S&P500 is tracking sideways once again suggesting that short covering rally has lost momentum' ~ April 7, 2011.
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