Complacency That Makes You Go Hmmm

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Sun, 05/15/2011 - 20:53 | 1277645 Piranhanoia
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Dr.,   he couldn't change a tire.

Sun, 05/15/2011 - 21:00 | 1277656's picture

The Pat Reilly quote is amazingly insightful....

Mon, 05/16/2011 - 07:16 | 1278454 Bendromeda Strain
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Misattributed - it was actually Charles Nelson Reilly talking about his Match Game cohorts...

Sun, 05/15/2011 - 21:06 | 1277664 buzzsaw99
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The new paradigm is that no risk exists anywhere. Risk is passe.

Sun, 05/15/2011 - 21:10 | 1277677 RobotTrader
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All Ords in Australia getting slammed pretty hard.

Dollar and bonds going up yet again.

They better turn these commodities around soon, or the SPY doesn't have a chance.

Retail stocks can't hold the market up all by themselves.

Sun, 05/15/2011 - 21:13 | 1277682 GOSPLAN HERO
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The USD died years ago.

We have paper FRNs not USDs.

Sun, 05/15/2011 - 21:11 | 1277679 TooBearish
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Dood Complaceny pays - BTFD

Mon, 05/16/2011 - 00:01 | 1278100 JR
JR's picture

The success of the lies coming from our rulers often have depended on the apathy and ignorance of the people.  Nietzsche for example, had an interesting answer to the question: How is man to tell the truth from error?

The ignorant man, he said, solves this problem in a very simple manner: He holds that whatever he believes he knows; and whatever he knows is true.

Now that's complacency!

Sun, 05/15/2011 - 21:13 | 1277684 buzzsaw99
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Bail me out or the stock market gets it bitchez!

Sun, 05/15/2011 - 21:17 | 1277692 dbTX
dbTX's picture

A bit off this thread, but my thought.


Hedge against all inevitabilities, almost all probabilities and as many possibilities as one can.

Sun, 05/15/2011 - 21:26 | 1277699 rufusbird
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Sun, 05/15/2011 - 21:48 | 1277765 Manthong
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Correct me if I am wrong, but isn't the Pulitzer a conformity award -- like the Nobel?

Sun, 05/15/2011 - 21:53 | 1277786 Caviar Emptor
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Fine line between benign complacency and malignant denial. Skating over thin ice feels so good until...

Sun, 05/15/2011 - 22:31 | 1277869 Saxxon
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The ceaseless hand-wringing on this issue is tiresome.

Let the American masses remain complacent.  I am not going to waste any energy trying to edumicate them otherwise.  I will be their Rentier, and they my tenants.  I work harder, am smarter and take more risks than most of them - this works for me.  In fact, I am already profiting from it.


Sun, 05/15/2011 - 22:35 | 1277897 I am Jobe
I am Jobe's picture

You don't own yourself -- the Federal Reserve does.

Sun, 05/15/2011 - 22:43 | 1277925 JR
JR's picture

Alexandr Solzhenitsyn: “A decline in courage may be the most striking feature that an outside observer notices in the West today. The Western world has lost its civic courage, both as a whole and separately, in each country, in each government, in each political party, and, of course, in the United Nations. Such a decline in courage is particularly noticeable among the ruling and intellectual elites, causing an impression of a loss of courage by the entire society. There are many courageous individuals, but they have no determining influence on public life.” -- from “A World Split Apart” – Aleksandr Solzhenitsyn’s Commencement Address delivered at Harvard University in 1978

Mon, 05/16/2011 - 01:13 | 1278228 dogbreath
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a great great man.  rest in peace a.s.

Sun, 05/15/2011 - 22:54 | 1277955 baby_BLYTHE
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You all are not going to believe this...

Some of my upperclassmen friends just graduated college this evening, so I decided to attended the ceremony.

One of the students thanked President Obama during one of the speeches for reversing Bush's "Disastrous Economic Policies" and saving our economy and the Middle Class from "Destruction". Then went on to explain how this graduating class and generation have the "greatest opportunities ever offered a generation of graduates in modern history".

I couldn't believe the BS that was being spewed!!! It was unbelievable!

Any idea when they will eat their words?

Sun, 05/15/2011 - 23:19 | 1278014 JR
JR's picture

I was walking my dog this morning, baby_BLTHE, and overheard a man talking to a woman who asked him how he was doing. He appeared to be in his fifties. 

Well, he said, okay I guess but people all around me are being laid off and it appears I could be next.  I’ll just have to wait and see...

To use an Obama-versus-Bush example marks your graduating student as a Democrat partisan.  And so, your speaker, BB, likes what the Democrats stand for and he’s buying their story that they fixed everything.  Up till now he’s been able to believe anything he wants, but he’s going to find out now if that’s true.

And after he works for a year at McDonald’s he might not be a sure vote to re-elect Obama.

Sun, 05/15/2011 - 23:41 | 1278067 baby_BLYTHE
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I feel for him and know of others in my own family even in similar circumstances.

That being said, I will be sure to cancel out his vote for Obama with my vote for Ron Paul ;)

Mon, 05/16/2011 - 00:24 | 1278157 JustPrintMoreDuh
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Yummmmy ... koolaid

Mon, 05/16/2011 - 02:51 | 1278326 Clowns on Acid
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baby_Blythe - it's called the Barack's Man's Burden. These deluded hipsters believe that if they just promote, at all costs and w/o thinking,  a black President, then all the animosity and socio-economic "unfairness" will just go away and we all will be driving battery powered Volts and blowing kisses out the windows.

This of course will not happen and those same morons will taste dissapointment that will either shake them to their core, or they will take to the streets and be taken down.

Don't invite them to any of your post grad parties.  

Sun, 05/15/2011 - 23:07 | 1277990 JR
JR's picture

Paul as Paladin by James N. Herndon  |

Did you ever notice how most fortune tellers operate out of a shack? This credibility-crushing anomaly doesn’t seem to bother most people, however. We’re told that these "servants of fate" cannot, by definition, use their special powers for self-advancement. (Makes perfect sense to me.)

Kind of reminds you of congressmen. They’re fortune tellers, too, inhabiting a federal ruin. Still, the trusting voter invests in the hope. And the politician provides the rope. Over the years, the noose tightens insidiously, and, then, one day, the trap door springs open. On the way down, the voter’s lifetime of wasted votes flashes before his eyes. An Occurrence at Owl Creek Bridge for the terminally innocent.

Admittedly, the whole process has a certain insane beauty, perhaps due to our peculiarly American penchant for self-deception. Ultimately, the "deal" that Congress has made with the voter is this: We’ll give you The Great Society (bread, circuses, and foreign enemies), and, while you are otherwise occupied, we will provide representation to our true constituents (banks, the war machine, and big business).

In case anyone is wondering (spoiler alert), this "deal" has an unhappy ending.

Is there a single national politician to have consistently balked at this doomed state of affairs, against our fiat-papered, proto-fascist utopia? Only one springs to mind: Ron Paul.

It recently occurred to me that Dr. Paul is, in his righteous battle against the evils of big government, a sort of political successor of my all-time-favorite TV character, Paladin, from the western series"Have Gun Will Travel." …

Paladin was not only about personal courage when faced with evil men, but, fundamentally, about the courage to be free. Big government advocates would find no friend in Paladin, who knew that, in every time, and in every place, stand those willing to offer security for enslavement. Or, to take at gunpoint the fruits of one’s labors.

How on earth did our forbearers manage to survive without the warfare/welfare state? I daresay they, indeed, lived a different existence, one often of privation, but one never lacking in pride. They understood that no man, under God, would presume to bestow rights upon another. For with every right that is given, a thousand freedoms are taken. And they knew that personal safety requires personal vigilance.

Paladin understood this. And so does Ron Paul. …

Sure, Ron Paul’s no glamorous Hollywood gunslinger (thank God). He’s the real deal. And he has defined the issue of our time: A gigantic, intrusive, confiscatory, impossibly-indebted federal government is an instrument of tyranny

It takes courage to face such a foe. Ron Paul has faced it, unflinchingly, head-on. In doing so, he has changed the political discourse in America. And all without fortune-telling. Without empty, impossible promises. Just the conviction that doing the right thing…is the right thing to do. …

May 11, 2011

James N. Herndon is a media psychologist with Media Psychology Affiliates. He specializes in naturalistic research and media design for the worlds of politics and entertainment.

Sun, 05/15/2011 - 23:20 | 1278011 TruthInSunshine
TruthInSunshine's picture

The Bernanke Put was incredible, until it wasn't, back in 2007.

I remember how everyone was mystified by The Bernank back then. Their mystification turned to loss of confidence.

Why the surprise? The Bernank has proven himself absolutely clueless and incompetent, time and time again.

This time, too, will end in tears for almost all.

  • Bernanke in Denial 2005-2007 - The Bernank predicting that absolutely no housing bubble existed, the economy was robust, and that banks were very healthy and well-capitalized.


Sun, 05/15/2011 - 23:21 | 1278023 TruthInSunshine
TruthInSunshine's picture

And on another note - Australia is the pea in the pod. There are much larger vegetables out there about the be deep fried until crispy and brown. A lots of pork (PIIGS+UK) products, too.

Pork (PIIGS+UK) fat rules!

Fukushima Umami, too.

Mon, 05/16/2011 - 01:41 | 1278261 ffart
ffart's picture

According to our friend Math Man, FRNs are nearly worthless since they only cost a few cents to make per $100 bill. But all Bernanke has to do is bury them in vacant mines and they will be worth much more. Go long FRNs!

Mon, 05/16/2011 - 03:06 | 1278341 Clowns on Acid
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Great article...most all I interact with in life are complacent, unless I talk to them...ahem. 

The greatest state of complacency perhaps could be in Japan. The powermen took care of society's needs. Sure you might have to work a few hours loger for the same JPY, but's all for the common good, and of course for the continuation of maintaining the ryme and meter (castration) of Japanese society.

Oh but wait a minute...Fukushima occurs. Oh yes...but not to worry just a speed bump in the road. Wait until food inventories run ow and the Gov't has to begin importing at 2x the previous Q's level. What people hoarding rice in Japan..? Never!

The biblical Mississippi floods are occurring and its..."oh what an inconvenience".  Planting of soybeans,wheat, and corn are going to impacted substantially. Soft comodities will ris ein the face of a s/t rise in the USD. Not part of the Geithenr / Bernanke plan. US goes into stagflation. Can one risk QE3 with stagflation occurring?

Bernank and wee Timmy are leveraged to the hilt with their eco plan, a natural disaster (Mississippi floods) are not in their assumptions. Their plan goes haywire.

Can we raise the margins on Ben and wee Timmy's positions? Yes we to NOT raise the debt ceiling. Start cutting Fed spending feckin' beetchez. 

Mon, 05/16/2011 - 07:24 | 1278467 Dejean Splicer
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"Planting of soybeans,wheat, and corn are going to impacted substantially."

Just back from a 6 state feet on the ground tour. Confirmation. Missouri soil is very wet also parts of Illinois but others look good. Germination should fail in many cases in the river basin areas but outside of that I was seeing green shoots already. Corn is heavily favored this year. Short it.

Mon, 05/16/2011 - 09:06 | 1278731 Imminent Collapse
Imminent Collapse's picture

Not only are people clueless, if you try and tell them what is happening, you are derided.  Believe me, I know.

"All lies in jest, 'til a man hears what he wants to hear and disregards the rest."  Paul Simon "The Boxer"

Mon, 05/16/2011 - 09:10 | 1278742 PlausibleDenial
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Pretty much the same here.  I actually dare not tell my clients or friends as I am thought of as an "alarmist"  I did however, just build my first M4 last night. And, just so you know the gun show in my town was more crowded than ever. 

Tue, 05/17/2011 - 01:57 | 1282105 headless blogger
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The Mazda goes Mmmmmmm

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