Holy SHIBOR Batman, We Have A Snow Problem

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Tue, 01/25/2011 - 10:29 | 902340 hedgeless_horseman
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Unusual weather, food riots, resource wars, and retards shooting politicians.  I wonder if, up in NY, Kunstler is laughin or crying?

Tue, 01/25/2011 - 10:46 | 902415 Deathtöngue
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James Kunstler is always neither laughing nor crying, but always dripping with cold sarcasm.

Tue, 01/25/2011 - 11:20 | 902424 hedgeless_horseman
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Holy SHIBOR is right!   Bernanke caught on video driving a truck full of freshly printed dollars...in China!  Video clearly shows how little he regards the Chinese people:


Tue, 01/25/2011 - 12:10 | 902811 the mad hatter
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Complacency killed the fat cats. Bankers are "breathing a sigh of relief along with the Swiss mountain air"



Tue, 01/25/2011 - 11:35 | 902596 Lost My Shorts
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Yeah, he is the grumpy old man of doom, except today he is probably online pre-ordering an Italian cold fusion reactor.

Tue, 01/25/2011 - 11:41 | 902632 aerojet
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That guy isn't worth talking about and here's why:  He always misunderstands the underlying causes of whatever it is he is observing  because he lets his own built-in biases run wild.  Thus, even if he is "right" about something, his analysis of how we got there is all wrong, and then everything he says after that falls apart because of it.  Also, how many times can Internet peoplez rant on and on about peak oil?

Tue, 01/25/2011 - 10:27 | 902342 The Axe
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I feel like a skinny kid standing on the top of a sea-saw hoping the fat kid sitting on the other side, doesn't get up to go get a cheeseburger...

Tue, 01/25/2011 - 10:27 | 902344 Cognitive Dissonance
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When people want to believe, any lie will do.

Tue, 01/25/2011 - 10:31 | 902363 JW n FL
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++++++++++++++++++++++++++++ football! YAY!!!!!

Tue, 01/25/2011 - 10:38 | 902387 vxpatel
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What meaning can be found in an entire way of life based on debt and deceit?

Tue, 01/25/2011 - 11:11 | 902500 Cognitive Dissonance
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As long as the powers that be can keep a population endlessly crawling around the first few steps of Maslow's Hierarchy Of Needs, higher orders of thinking and living are never really entertained. At least not by the hungry and hurt.

Tue, 01/25/2011 - 11:17 | 902526 Hephasteus
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There's only one thing wrong with that chart. Self actualization only involves bashing everybody on the bottom of the pyramid sucessfully without payback and transcedence is just going insane.

Tue, 01/25/2011 - 11:22 | 902549 Jim in MN
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But on the bright side we have speed metal for our aesthetic needs.

Tue, 01/25/2011 - 11:43 | 902642 aerojet
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I'm pretty sure consumerism would be dead if we all achieved transcendence (either individually or through genocide).

Tue, 01/25/2011 - 11:21 | 902541 Sudden Debt
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Tue, 01/25/2011 - 11:31 | 902567 Hephasteus
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Drug addicted hookers will handle that. Plus provide valuable war funding to continue bashing the bottom of the pyramid.

Tue, 01/25/2011 - 11:40 | 902625 bigdumbnugly
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sometimes, SD, you just gotta rely on yourself.

Tue, 01/25/2011 - 12:00 | 902750 Sausagemaker
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Apparently you'll have to "handle" them yourself.

Tue, 01/25/2011 - 10:27 | 902346 Sudden Debt
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HE! Same thing was the reason for the demise of the UK economy numbers for Q4!

Maybe they both use the same propaganda agency?

Tue, 01/25/2011 - 10:30 | 902355 A_MacLaren
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The western excuse for an eastern miss.  When Bejing starts issuing those statements, then we'll know the flat earth theory is in renaissance.

Tue, 01/25/2011 - 10:36 | 902380 jus_lite_reading
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Now can we get a spin on record food inflation? Holy wheat prices Batman!

Tue, 01/25/2011 - 10:30 | 902357 JW n FL
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"And guess who is to blame (in addition to the Chinese new year) - why snow, of course."

Tears, crying... laughing. God Bless You Tyler!

Tue, 01/25/2011 - 10:35 | 902359 topcallingtroll
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People who think doom and gloom will hit us first before china need to read the link.  china is more leveraged than we are.  I don't normally support Ben, but in this case we have to keep the pressure on China and force a collapse or an easing of the peg.  We have no choice, because saying please hasn't worked with china and they are stealing our capital base and intellectual property.  I hope they all starve, quite frankly.  They deserve it if they don't loosen the peg.  Sending inflation back to us is not a major threat.  We will temporarily make adjustments, then have our Ipads manufactured in Vietnam.  We can always find a lower cost producer than China.  China knows this.  We are in a position to force a huge margin squeeze on china and food inflation if they don't play fair.  Look at how the big banks have been quietly positioning, especially jpm.  They are moving in for the kill.  China better not think they can play chicken with us.

Tue, 01/25/2011 - 10:31 | 902365 The Limerick King
The Limerick King's picture

A crises is starting to grow

Is it really because of some snow?

Or is this new mess

From old Ben's printing press

That is constantly pumping out doe.


Tue, 01/25/2011 - 10:36 | 902381 Sudden Debt
Sudden Debt's picture

Are you going to be a problem boy?

Tue, 01/25/2011 - 10:55 | 902446 The Limerick King
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Them's fightin' words......

Tue, 01/25/2011 - 11:16 | 902524 small watcher
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Battle over lines of verse
Haiku flagged as junk?

Tue, 01/25/2011 - 10:46 | 902419 SheepDog-One
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Bens magical 0% miracle machine! Snow messed it all up, boo hoo.

Tue, 01/25/2011 - 10:33 | 902368 JW n FL
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minus printing the world would be a lot worse off... fuck anyone who's not at our table, thats for sure.

Tue, 01/25/2011 - 10:37 | 902384 Sudden Debt
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Tue, 01/25/2011 - 10:33 | 902370 Alex Lionson
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And what do you do when you have a liquidity squeeze? Right! Sell USTs in the most "DEEP" and "LIQUID" market. China has accumulated plenty of them.

Tue, 01/25/2011 - 10:34 | 902372 jus_lite_reading
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Reminds me of that song- "Blame it on the rain, falling. Blame it on the stars, shining. But whatever you do, don't blame it on fundamentals!"

Tue, 01/25/2011 - 10:54 | 902443 bigdumbnugly
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never heard that one jus.  interesting lyrics...

must be it only gets airtime on the financial light rock stations.

Tue, 01/25/2011 - 10:38 | 902386 Oh regional Indian
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China has now way out and is not looking for a way out of their mess.

Folks with eyes that see know that we are at the edge of a reset button.

Was reading a Newsweek article the other day, Where Stanley McChrystal was making a case for the draft. And in this electronically tracked times, dodging it will not be easy.

Stealth Fighters, air supremacy, parades (like here in India tomorrow), lot's of posturing, long term plays... all showing up....

Primed to fight.



Tue, 01/25/2011 - 10:45 | 902412 SheepDog-One
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Excellent post, ORI! Really I wish we had thumbs up buttons around here besides this boring 'junk' only stuff.

Tue, 01/25/2011 - 11:59 | 902741 Oh regional Indian
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Thanks SD1.

I think the Junk button is keeping with the fight club mentality. It's the inverse Thumbs down, contrarian indicator on ZH.


Tue, 01/25/2011 - 10:38 | 902390 Jason T
Tue, 01/25/2011 - 12:05 | 902779 Sausagemaker
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@ Jason - Holy Crap! 

Anyone want to chip in a rent a Capesize for the weekend?

Tue, 01/25/2011 - 10:38 | 902391 Fortunes Favor
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Tie this SHIBOR/Repo problem together with the FXI/chinese equity market breakdown and a real problem is brewing. Watch for a big US equity market sell off as it follows China. http://rosenthalcapital.com/blog/

Tue, 01/25/2011 - 10:41 | 902399 bingaling
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When it all implodes MSM will blame the Ice Age of Nov 2010 -March 2011.

Tue, 01/25/2011 - 10:43 | 902405 SheepDog-One
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OH RIGHT now China gots the snow too! Certainly couldnt see THAT coming, probably the ONLY flaw in the Central Banksters scheme to print trillions at 0% for themselves. Yea snow messed it all up, sure.

Tue, 01/25/2011 - 12:13 | 902821 tonyw
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It's that unexpected annual cold snap round about December through February, they used to call it winter in the old days:-)

And, it's probaly the wrong sort of snow, too dry or too wet.

Tue, 01/25/2011 - 10:47 | 902422 Hephasteus
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This looks like one of those don't loan morgan stanley silver lessons you hear about.

Tue, 01/25/2011 - 10:49 | 902426 bigdumbnugly
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always figured there'd be some unforseeable catastrophy to set things off.

yeah, like snow.

Tue, 01/25/2011 - 10:51 | 902432 Deathtöngue
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Down silver! Down NASDAQ! Down $HUI and FXI! Down Transports and Russell, go short like a pixie!

(Couldn't find anything else to rhyme with FXI. Sorry.)

Tue, 01/25/2011 - 10:55 | 902433 Quintus
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I'm seeing a pattern in this whole worldwide Snow fiasco.

I'll bet if we look hard enough, we'll find that Osama Bin Laden is the evil mastermind behind all this snow.  Secret undisclosable intelligence sources will soon 'Discover' that he has set up a vast James Bond style HQ (Complete with a giant map of the globe, strange flashing lights and the mandatory beeping noise machine) in Iran from where he is controlling his devious scheme to freeze the infidel western economies into submission using his weather modifying ray gun.

Government officials will then earnestly prepare the country for war on the basis of the aforementioned secret and undisclosable information (Trust us!  We won't fuck it up again - promise!) to purge the world of this frosty wrongdoer and his evil followers.

Tue, 01/25/2011 - 10:57 | 902451 alter ego
alter ego's picture

China and US have a non-conventional self

assured destructive currency war.

Let's see who blinks first.

Me think that China is not going to de-peg their


What most of the people are not seen is the

that train is coming without brakes, and is a

Biiiiggg train completed loaded.

Just remember physics101 and how inertia


I don't know if people realize how in deep sh..t

we are right now.



Tue, 01/25/2011 - 11:01 | 902461 doomandbloom
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Shi(t)bor just hit the fan...

Tue, 01/25/2011 - 11:08 | 902471 Spalding_Smailes
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Miners = Bloodletting ....

Sliver Wheaton is down 25% in a few weeks ( 3% today ).... The cream of the crop getting monkey hammered.

PM share prices have turned bearish ........falling below their 50-day MA, which has fallen below their 200-day MA, for most.

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