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Frontrunning: July 9
- Immediate leak to refute that Postbank, or any other bank, will fail stress tests. Can't have a failure of confidence in a massively insolvent bank can we (Bloomberg)
- Computerized stock trading leaves investors vulnerable (USA Today)
- Biggest defaulters on mortgages are the rich (NYT)
- US will not brand China a currency manipulator, US exports now have no excuse to continue sucking (Reuters)
- Google says China renews its internet license (Google), sending Google stock higher, BIDU lower
- Dumbest money clinging to shattered V-shape
- ed dreams like Moody's to AAA rating of subprime (Reuters)
- Bear vs Bear: Which will doom us - inflation or deflation (Big Money)
- Possible World Cup win now seen as GDP boost to Spain or Holland (Bloomberg)
- Profiling Business Insider without a slideshow (Business Week)
- Simon Johnson: flawed financial bill contains huge surprise (Bloomberg)
- The key to financial recovery: restoring the rule of law on Wall Street (The New Republic)
- US Hawks created Russian spy scandal, ex-Russian security head says (Bloomberg)
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Mandy Drury looking like a German sausage... so tight that is ready to explode!!
Cool avatar. How'd you do that?
Deflation then Inflation.
Watch inventories bitchez!
http://www.youtube.com/watch?v=IDhz_mVcVCQ
Deflation in THINGS, as people can't afford them, so prices will decline - no demand, but supply
Inflation in NECESSITIES, as people must have them to exist/live - demand with limited supply
This refers to asset inflation/deflation and NOT monetary inflation/deflation.
The real question is will we get hyper-inflation before the above, as this is a total loss of confidence in the currency, a currency event.
Deflation with inflation and a side order of taxation. "Damnflation" LOL. Then, if we are really, really lucky, we get hyperinflation. Fasten seatbeats - it's going to be a bumpy ride.
"Damnflation" ROFL
Imma hang out on the short end of the curve until the midterm shenanigans start in earnest.
Besides, sweet fuckall ever happens in August.
http://www.youtube.com/watch?v=ZNtFAeOBdX4
Indeed. A deflationary spiral is likely and will be caused by the public sobering up to the reality that having a positive savings rate is, mehbe, a not so bad idea.
Politicians, wont to make any difficult decisions will be all like, oh noes! tax revenues are falling. Where oh where shall we find the income to preserve the status quo in terms of federal overhead? We can't have freshly unemployed civil servants turning anti-incumbant. Unemployment is already too high. Besides, it's an election year (like it ever isn't)
Yoohoo, Ben...
Great points.
First sign that the rich are portayed as evil:
Biggest defaulters on mortgages are the rich (NYT)
First sign of communism.
With the rich owning the Government, I think there's a low chance of switching from Corporate Fascism to Communism. Far more likely is that this is one of the opening moves towards making it much harder to default on your mortgage.
The number of underwater mortgages is, what, about 25% now. Imagine if all of those people headed towards the walkaway door at once. It would tank the economy.
So I see it as far more likely that the Feds will raise the bar here. We can't have those uppity debt-slaves breaking their bonds.
And I love the spin on this article. Those people aren't rich. "Rich" isn't measured by how much debt you have.
ES,
IMHO, The RICH do not own this Gv't, the uber wealthy do, and they are Fascists.............
"Imagine if all of those people headed towards the walkaway door at once".
They have decided as they watch others do it with impunity for NOW, why should they EAT it.
While I totally disagree with them if they can afford to stay, leaving(on a moral, and values based ground),I can understand their ease of finally hookin' it.
Sudden Debt,
My personal opinion is,the reason this is happening, these folks are smarter, way smarter(as here)... than the average bear.
They are bailing before the crash, and the OBAMANATION takes their hard earned (mostly) dollars.
They know next year, they ass is grass.They have the means to leave, and to protect their assets........... would that we were all so wealthy.
And, I agree, they are fleeing Communism(which is not what we have, but the policies now, lend themselves in that direction) with their fortunes...........
Except BIDU isn't that low anymore... Fucking PPT...
DEFLATION everywhere.....except services. Especially government services. Inflation through tax hikes, service fees...you name it. This is why the Government has been so much in favor of becoming a SERVICE ECONOMY. They can't control manufacturing, but they can control services. By expanding government, they PROVIDE more services. This is Government creep designed to take over.
Did I just start another conspiracy theory????
curb,
You THINK they are not controlling Mfg?..........
Through their monetary policies, they are controlling nearly everthing.........wait till ObamaCare hits..............you'll shite your pants, as that golf ball from hell unravels.( the new laws/policies/programs hidden in it, will blow our minds.)
The stress tests remind me of a process used in our public schools nowadays. In the bad old days, if a student failed a test, they simply failed the test. Now when that happens, the test is "adapted" so the student can then pass it. The problem of failing students (as it pertains to "No Child Left Behind)" is now solved.
See,... easy.
...and no unforeseen consequences either
Many things leave investors vulnerable, which should be changed, yet few things seem to bother Mr. Durden as much as computerized trading and HFT. Could it be because Goldman bites into other traders profits and even makes some traders obsolete that bothers Mr. Durden, and the fact it hurts small investors is a ruse for the real issue that bothers Tyler Durden???? You be the judge.
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