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Goldman Sucks. must be the same desk incharge of euro trading....
They must have heard Lindsey Williams talked to Mr X
Where is everybody going?
I must hurry after them for I am their leader...
Uh huh......Thius should have a half life of about one day.
I'm going back to sleep now. Wake me up when the pizza guy gets here.
I can't wait until someone credible does a empirically credible study of what the return of consistently fading each and every call by the Vampire Squid would yield.
I would do it myself if I had the appropriate tools and time, but I would bet it would be one of the more profitable and consistent basic strategies of all time.
After all, if Timberwolf-Abacus-et al taught us that if Goldman intentionally screws over "highly valued clients," just imagine what they feel free to do with non-clients vis-a-vis free and public shout outs.
Did anybody here one of the Goldman London shills on BBC Radio 4 yesterday morning. Using some sofball questions to explain to the sheeple why Greece MUST absolutely not default. I would love to have been in the interview chair.
When are employees of structured poducts group going to face criminal charges for knowingly and misleadingly engineering the Greek balllance sheet into a condition that made it able to join the Euro in the first place?
Do you think your firm will even exist when it has paid compensation and punitive damages to the taxpayers of Europe?
I occasionaly meet Goldmanites and used to think they were a bit odd, a bit too dedicated, a bit too pleased with themselves but probably fairly smart. Now I just think CRIMINAL.
I for one have just decided to test that theory and bought BNO - long Brent crude.
Better yet, let’s examine Goldman’s proprietary oil trading book in detail to see what happened just prior to each one of these flip flop forecasts and how much money they made off their inside knowledge and front running their advice to clients. You can’t have 100+ profitable trading days in a row without a little market manipulation to back your public case and make it a self-fulfilling prophecy.
"I shall do the opposite"
VP of Operations
Über or ueber : )
Amazing - if you have a fixed "reserve" of oil and you draw down for one month to push prices down, let's look at the impacts -
1- price down means more consumption
2- reservoir must (likely t/b) be refilled over time (effective lessening of supply over future months)
3- and like most programs, once you start this nonsense you can't stop or else the price "snaps" back and causes a painful adjustment to consumers
Funny, of course nowhere in here is there any market based "supply vs. demand" solution or perhaps even just a cursory glance at the dollar devaluation impact of dollar based petro pricing (thanks BB for making it clear you have nothing to do w/ rising oil prices but are responsible for rising asset prices...what a fucking dickhead you are to be able to say that with a straight face).
So, once started, can't stop...continuing lessening of supply, continuing over demand, continuing drawdown of one time reserves. This is genius...f'ing a?
shhhh, someone might hear you! That's rational thought, common sense man, which ain't so common anymore, except maybe on ZH and in a few other enlightened exploding vacuums. Actually, I would guess the main reason is Obama needs to get the prices down before elections, rather than due to any long term thinking.
It's 500K bpd which has to be replaced.
This is not magic. Oil is underground and it doesn't matter where. You can extract it and you can burn it and after you do IT IS GONE.
Why is this difficult?
About the only thing one can imagine is in play here is an attempt to get inflation low enough that Bernanke will do QE3. Obama knows fiscal contraction will happen. Only Bernanke can undo that.
He's making a big mistake, though. The price snapback will be during the campaign.
Oh, and btw, can we now put to bed the silliness about "Cushing is awash with oil. There's plenty of oil. It's all speculation."
Wait, won't all those newly laid-off people have more time to drive to their summer homes?
Lindsey Williams on AJS 22 June 2011:
Elite have kept their timeline - at the end of 2012 the dollar must be destroyed. The US will default on it's national debt. The NWO will come with a new currency backed by gold (partly I think) and they call it the Petro Dollar which figures what will be the rest of the dollar back up - OIL!.
Silver & Gold
Till August prices stay the same but Sept - Dec. priced will be hiked 20%-25%
Oil kept around $5 a gallon the rest of this summer. Will be hiked to $150 - $200 a barrel later.
Largest oil rigg in the world 'The Liberty' is moved to Alaska West Dock near Gull Island, Lisburne Zone. They gonna drill 8 miles deep. Googlemap Gull Island , Bingmap Gull Island
12 May 2011 a Bill quietly past congress with a 243 - 179 vote which gave BP the drilling permissions.
It cost them 16 cents the barrel to get the oil out which will go on the market later for about $150 - $200 a barrel.
Middle-East - Libya
The elite have a target date to finish off the Middle-Eastern countries and Libya (=North Africa).
- Libya- Yemen- Jordan- Syria- Saudi-Arabia will be last, Saudi-Arabia will be last, Saudi-Arabia will be last!
The elite have to be ready to pump oil from the other sources (Alaska, Bakan) when the cut off the oil from the Middle-east.
Main target is China by taking control of the major oil sources.
(btw That's how the US pulled Japan into WWII by cutting off their supplies)
Another excellent plan by the Yanks.
Lets the Chinese fill their SPR at lower levels, so the Yanks can buy theirs back at higher levels.
Obama never short on brilliance.
But long on golf!
I dont get it, there is no war going on in Libya. This is just crazy!
with all the corruption, they say they would release all these barrels, but, but, what if they don't? you would have to place a nun at the spigot, then tell her to set it loose, isn't that so?
Funny GS stock isn't rallying. Must be saving up for another bribe.
In recent research with Christiane Baumeister (Baumeister and Kilian 2011), we aim to address this problem. We construct a comprehensive monthly real-time data set consisting of vintages for January 1991 through December 2010, each covering data extending back to January 1973. Backcasting and nowcasting methods are used to fill gaps in the real-time data sets. This database allows the construction of real-time forecasts of the real price of oil from a variety of models.
Al Bartlett on energy consumption versus population
Albert Bartlett - Blind Spot
The Business of Climate Change Conference 2009 (Jeff Rubin, Peak Conventional / Affordable Oil)
All market forecasters are always correct in their calls.
must be tough on the poor banksters, getting whipped around, like that.
(my captcha is in the red zone; this might be a while...)
We were importing 44,000 barrels of oil a day from Libya. At that rate, it would take approximately 682 days to import 30 million barrels. So the question becomes, exactly who are we releasing (giving) 30 million barrels of strategic oil to? Anybody out there at ZH have an idea?
80 million barrels? Chicken scratch. BTW what higher oil prices? Its dropping, and btw I thought everyone loved crude at $130...what happened?
Goldman 'Catfish Mouth' Sucks... though there is a potential other orifice they are talking out of, their >>insert orifice here<<
Great idea releasing the reserves. Yup, this is going to work. How desperate is Obama, well his polls keep sinking and the man wants another 4 year vacation for him and his family on our nickle. What a farce.
can sb please explain to me: EVERYBODY knows that GS is f***ing clients, non-clients and past, present and future taxpayers of the entire planet. EVERYTHING they say and do serves the purpose of maximising their bonuses. So my question is: WHY does anybody direct his or her attention towards any piece of crap they publish?? It is like watching a rapist raping somebody. Why would you watch, unless you are perverted? I really do not get it. The same question applies of course for any TBTF bank.
Sell = Buy and Buy = Sell. Any client who does not know that now is a fucking idiot...
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