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Tim Geithner sucks
How do you know?
Geithner sucks, everybody else gets to swallow it.
ride the wave to the end of the bubble then shortsell to rip off all the suckers. then hide it all well to escape envy.
The property double-dip really looking like a fact while stocks just getting pumped, pumped and pumped! Let's see when that's gonna pop....
Too bad for Benny Boy the psychology of the "wealth effect" has changed since 2008: consumers are simply not as ready to spend. They need the money to cover infaltion in the cost of living in the real world, not the Fed's fantasy
We're about to find out how loyal hungry dogs really are.
The Bernank's "virtuous circle" tagline (virtuous circle®) is about ready to boomerang and decapitate him, sharp side inward.
"Virtuous circle" is destined as a historical slogan that will come to be associated with "epic failure."
Something along the lines of "permanent plateau"......
The Bernank spent 12 trillion in OPM and all he has to show for it is a worsening American and global economy (and a plush little most favored segment of the economy over on Manhattan).
wheat getting clobbered; dxy continues to hum
Price of beer gonna be dear.
Actually, a 12 pack of cheap-o beer in the cans with paperboard packing is the ideal poor mans inflation index:
I would love to see the wholesalers price of a 12 pack of natural light or keystone or old milwaukees best for the last ten years or so.
Anyway, pick a brand and keep an eye on it in your local store and you too can see the train a'comin!
joo bankers don't eat pork because that would be cannibalism.
A funny thing I like to do is to take pork products like ham and leave them in the Kosher section at grocery stores. Nothing funny than reminding the Satanic Tribe what they are!
I can't wait till the McMansions are at Q4 1973 Levels!
It will happen, just wait...
Saudi unrest could tip the apple cart. Poor lemmings!
I just took off my Dow 12K hat and replaced it with my Dow 11K hat.
Soon to be followed by Dow 10K hat, 9K hat, 8K hat.....
Can't but the dip until you end the slip.
Stop bitching! Don't worry! The worlds richest BILLIONAIRES just got a whole lot richer! $1 TRILLION RICHER!
YEE HAW! Trickle down is working wonders! Thank you BEnron! Keep pumping billions into the stock markets! It's creating JOBS!..
Fawn Hill, Harding NJ listed at 22 million sold at auction 6.7 million....wtf...Oh housing is getting much better...
would have went for $21 million, but those NJ property taxes are a BITCH
Something in Joisy is worth 6.7 mil? Must be rumors of buried gold, or the bones of Jimmy Hoffa. Sure as hell ain't the 'hoes.
Why do we sometimes rip the big banks for their research and then sometimes use their reports to support our previously established opinions (i.e. UBS)? Fuck them.
I work at UBS. Their macro research is so bullish it might as well have sugar sprinkled on it.
Fed could announce a new facility: oil sheik and dictator-backed liquidity facility
We are in a bull market and you suckers are missing it. BTFD.
day of rage (pick ur location madison or SAUD) will be excuse for QE3;
bill p will announce back in (of course after a 2-3 wk frontrun)
Al Jazeera has been suffering interference on its Arabsat satellite frequency. During jamming Al Jazeera English can be watched on Hotbird 13E Frequency: 11034 Vertical FEC
Old news. FTJ's!
Days of Rage in Camden, Charlotte, Detroit, Sacramento, Memphis, Cleveland, Atlanta, Chicago, Philly, Miami, St. Louis...etc...soon?
The Bernank assaulted by angry throngs losing homes and jobs, shouting "Bitch better have my money!"
The Fed has all these charts....Who, in the Fed, actually reads them and tells someone to hit the brakes or hit the gas.....silo management
great news - only rubber bullets used how nice
euro looking waterfallish
WASHINGTON, D.C. -- A months-long investigation into abusive mortgage practices by the Federal Reserve found no wrongful foreclosures, members of the Fed's Consumer Advisory Council said Thursday.
BTFD. DMMFL (don't make me fucking laugh).
I knew a CPA turned recruiter in the late 90s.
He believed in the dotcom bubble like no tomorrow.
Of course, the fact he was making a cool half-mil a year selling employees to companies was flavorning his world.
One drunk night at a company party, we were talking about the economy, China, etc.
He said, BTFD.
I said, "Ryan, come the fuck on. You know this gravy job is going bye-bye after Y2K right? You know that paying high dollars for low/no performing companies isn't investing, it's speculation, really gambling, don't you?"
"No way, the world has changed, things are different now."
He ignored the fact that the following year millions of highly trained and educated would be out of their high-paying jobs, and that our federal taxes were scheduled to go up. And he firmly believed that these things wouldn't hurt our economy because "it was different this time."
Oops. He went from net worth of nearly $10 million, to net worth of less than $500,000. And his income quartered.
Flash forward eight years to the housing crash, lather, rinse, repeat. I heard through the grapevine that he lost his ass in housing too.
There is not much real wealth production left anymore. Tech was a bubble and after it popped the industry offshored the repeat work. Housing bubble and it ain't coming back.
In my mind, BTFD = KYFMG (kiss your fucking money goodbye).
Best of luck to the Rosy-Optimist's Club.
You're spot on, TE.
Good to see you, and I agree completely.
"Things are different now."
Belief in this fallacy has been the ruin of many, back to the days even before the Semper Augustus tulip bulb was the investment du jour. Your last couple of paragraphs nailed it, Teresa. Frankly, nothing is coming back, for a very, very long time.
Remember that "household net worth" as the Fed defines it includes domestic hedge funds, which account for the lion's share of reported "household" capital gains on equities.
Almost a direct inverse trade daily since Feb. 18th.
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