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Nikkei down -1.33% at 11:00 a.m. their time...
I live in Illinois. What the feds giveth with the 2% FICA reduction, the state taketh away.
"I live in Illinois."
You, me and agent P.
If you have no job...no insurance...no meds..or antidepressants. People ARE waking up...and it's a good thing. I think the pharmaceuticals are finally wearing off.
I strongly suspect there wont be a genuine opportunity for a better world for us non-elites, but i am looking forward to the elites having a very ucomfortable time in maintaining their ill gotten comforts
2 YEARS AGO, IF YOU SAID YOU WERE BUYING PMs AND STORING NON-PERISHABLES, THEY CALLED YOU NUTS.
THEN WHEN YOU BOUGHT A PUMP SHOTGUN AND A CASE OF SHELLS, THEY CALLED YOU INSANE.
Now, can they learn the function of the Capslock key??
Some golf courses will grow malt and barley and will become brewery operations utilizing otherwise grass irrigation water to making beer bringing back Budwieser as a truly American beermaker. Nevertheless, stock up on beer.
Not too distant future all golf coarses in developed countries will be converted to growing food ,grain and cattle. Should increase agricultural production by 5% and utilize golf fee savings to pay for increase in price of gas. Enjoy the game while you can !
Damn, I thought you were going to find some way to save the water used to keep those greens green.
Warlocks are rioting over comments!
Evil spells, one presumes. Let's see if Beck turns into a newt (no, not that asshole...an actual newt).
Wouldn't that be delightful! The mental image made my day :)
The economy is like a scratch golfer with a handicap.
When you look at all the incentives out there (the 2% Social Security reduction alone accounts for $300+ extra dollars a month for all two (equal) income families making $200,000 a year or more), the economy is probably carrying a 7 handicap right now and still can't shoot more than 3.5 under par while the weather conditions just keep getting worse. An eagle in autos is followed by a double in housing and a birdie in ISM is at the expense of a bogie in employment.
Well, I hope there aren't any holes ahead like I have from time to time - the complete meltdown, club-throwing, six-putting disasters.
But we all know the wizards playing this game aren't going to shoot 3 under, or even par. Hell, the only reason they survived the first cut is because they keep moving their ball! The Bernank already took two mulligans. Next time he has to buy us all a round!
After theyve seen the internet, you cant keep them on the desert.
After governments get a taste for deficits, they have to hit rock bottom to change their ways
Buy and hold is for old folks with accumulated wealth, trading is for the young generation trying take it away
High oil prices will kill the consumer who is already comotose with debt and force many to live in desert tents or move in with the old folks
The stock market will tank by June unless Ben does QE III---Mother of all Black Swans
How many young people really own stuff of value though? Seems all the younger people I know are looking for the next Apple or Netflix, and really don't realize the amount of value that is out there in the oil or gold stocks.
a) What's your cut-off for 'younger'?
b) Fuck paper.
I'm calling a tipping point.
"Inside Job" is in the theaters, MSNBC is talking about nothing but debt. And my coworkers no longer think I am a nutjob.
Our goose is cooked, but at least I don't feel so alone anymore. The geese are awakening and honking loudly at each other.
I want to thank all of you for helping me during a lonely time where you were the only people I could talk to about my fear and anger.
I'm going to see "Inside Job" tonight with a friend who is losing his house next month. I gave him warnings and advice and begged him to get eductated. But I failed and he has lost his home. And his job. I take no joy in his pain. But I do take joy in the rest of the human race rejoining reality.
I felt so alone, except for you people.
Thanks so much for sharing your informed thoughts and considered opinions.
And Tyler, I curse you and thank you daily for the red pill.
Inside Job will be out on DVD (and maybe On Demand) Tuesday March 8. I am attending another small audience screening of it March 29th where director Charles Ferguson, and a UC Berkeley econ professor, and a poli sci and business ethics professor will be on a panel to discuss the film and its findings following the special screening.
Easy to imagine people taking to the streets afterwards - it is Berkeley after all. A block from Sproul Plaza and Telegraph Ave.
Whoda thunk the owner of our very own Eagles football team here in Philly would finance the Inside Job movie. Thumbs up, dude.
Christina and her Puppet husband know how to yank chains in Lil' Israel, I mean Philly. Bet they made a great return so they could install solar cells on the stadium to impress the Barackoman.....
Your coworkers no longer think you're a nutjob?
We're closer than I thought!
Wait, we were supposed to take the red pill?
Take the rainbow-colored pill, it has tiny, Au-79 & Ag-47 time pills in it...
Don't let up. Stay the course and alert. The tipping point may be here but the worst is yet to come.
"Doubling the price of war" is far worse. And of course "nothing weeds out the excess like a good old fashioned correction." I will say this: "it is far better to do Libya than not do it now America." We've "crossed the Rubicon in reverse" now Uncle Sam. Perhaps it isn't news but in my view "there is nothing de riguer" about regime change no matter how the media portrays it. And yes i do believe those American boyz are girlz lives are far more valuable than your's America though they have no "natural constituency" in their support but for nothing more than their continued--death for lack of a better word. Save for money of course...and who cares about that anymore.
This week should be the best so far - bitchez
I was thinking the same this weekend.
It's like everything is crumbling down in Europe, North Africa and America where the government is going into gridlock over the budgets pretty soon.
The numbers of issues are just staggering and it's like every sollution for every problem has so many downsides that the list of problems can only grow.
It's also pretty clear oil wil go up again, the dollar down, euro up just like any other commodity.
Something is happening in Saudi right now. Twitter is down for anyone not part of the government and anonymus is putting a project together like Egypt. IRC is live and engineering is online again.
Going to be a long night...
Looks like the Saudi gov't banning protests isn't going over that well. See what this looks like in the morning.
Doubt it'll be good though
Did they learn nothing from the Hosni corollary to the Streisand effect?
Nope. The zen parable of when a river meets a rock does the river flow through the rock.
Meanwhile the MSM and governments at large are assuming the river magically diverts itself or evaporation works into the natural effect.
I could be mistaken, but you almost sound excited about the sad state of world affairs.
Stasis is not good. The sooner we get on with it, the less painful it will be. Yes, I too am a bit excited. If we can finally witness the crumbling of these many houses of cards, we might watch something better take it's place.
In the immortal words of Hunter S. Thompson:
"When the going gets weird, the weird turn pro"
Don't hold your breath all...
QE3 and "Assurances" by U.S. and European Banking Cartels (Governments) that all is well, and "Please return to your hamster wheels and consume more pellets" on MSM.
They can make this last a little while longer.
They'll do anything they can to kill PM's and induce inflation while making it look like happenstance so be wary...
Remember the immortal words of Gordon Gekko:
"If you're not inside, then you're outside, ok?"
The elites who have brought the world to this place don't intend to turn the keys over to people like you or me. The world is not about to suddenly get better after things get worse. Things are getting worse, and they may only get worse after that.
But isn't wonderful to know that they cannot escape from 7 billion people when the SHTF, no matter how deep in the earth's crust they bury themselves? Maybe we can drive them to a firey demise in the earth's mantle.
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