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Merrill's Harley Bassman On Why This Is The "BIG ONE" And Its Implications

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Wed, 03/02/2011 - 15:18 | 1012267 sheeple
sheeple's picture

what's plan B?

Wed, 03/02/2011 - 15:20 | 1012283 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

Dr. Strangelove on plan B:

http://www.youtube.com/watch?v=iesXUFOlWC0

Wed, 03/02/2011 - 15:29 | 1012314 tickhound
Wed, 03/02/2011 - 16:12 | 1012485 Michael
Michael's picture

Why are humans incapable of admitting defeat? There is no way to fix what is wrong with the economy.

You must rebuild it from the ground up.

I just wish we did Ron Paul's plan 2 years ago. It wouldn't have been half as bad.

Well, at least we had 2 extra years to stock up on plenty of guns and ammo.

That scene from War Games

http://www.youtube.com/watch?v=NHWjlCaIrQo

Wed, 03/02/2011 - 16:32 | 1012614 tickhound
tickhound's picture

In the case of our international corporations and supporting governments, its not so much about ever admitting defeat... The failures are planned, and "recovery" is implemented.

Thu, 03/03/2011 - 03:14 | 1014306 Sokhmate
Sokhmate's picture

a.k.a. "The mission has been a successful failure", or, "the right mistakes have been made"

Wed, 03/02/2011 - 16:26 | 1012536 RemiG2010
RemiG2010's picture

Plan B is in a making in Korean Peninsula! You are focusing on wrong event. In my humble opinion, the ‘architects’ of the ‘event’ are playing with fire! If things go wrong, no more trading at least for six to twelve months! But that would be the last thing on your minds!

Wed, 03/02/2011 - 15:21 | 1012285 Atomizer
Atomizer's picture

It’s an ancient Chinese secret grasshopper.

 

Thu, 03/03/2011 - 01:10 | 1014131 floydian slip
floydian slip's picture

hahaha

Wed, 03/02/2011 - 15:22 | 1012287 SDRII
SDRII's picture

Q the naval update

Wed, 03/02/2011 - 17:00 | 1012730 TeamAmerica
TeamAmerica's picture

USS Kearsarge passed thru the Suez and is now steaming toward Libya.   USS Enterprise remains in the Red Sea.

Wed, 03/02/2011 - 23:50 | 1013947 snowball777
Wed, 03/02/2011 - 15:27 | 1012302 jus_lite_reading
jus_lite_reading's picture

Plan B in Fed speak:

;Global Nuclear War.

 

 

 

Wed, 03/02/2011 - 15:28 | 1012308 HoofHearted
HoofHearted's picture

Plan B? We don't need no stinkin' plan B. I am the BERNANK!!!

Wed, 03/02/2011 - 15:27 | 1012312 string
string's picture

To live and die in Libya.

Wed, 03/02/2011 - 15:29 | 1012320 Max Hunter
Max Hunter's picture

see plan "A"

Wed, 03/02/2011 - 16:03 | 1012484 Sudden Debt
Sudden Debt's picture

Nothing is as powerful as an idea whose time has come (Victor Hugo).

 

One of my favorite quotes :)

Wed, 03/02/2011 - 23:56 | 1013108 Guy Fawkes Mulder
Wed, 03/02/2011 - 22:45 | 1013771 MrSteve
MrSteve's picture

More accurately speaking:

more powerful than the tread of marching armies is an idea whose time has come

Wed, 03/02/2011 - 20:11 | 1013424 CrockettAlmanac.com
CrockettAlmanac.com's picture

what's plan B?

 


Plan B One-Step™: Home

About a progestin-only emergency contraceptive available in the U.S. ("If Plan A fails, go to Plan B...")
www.planbonestep.com/
Wed, 03/02/2011 - 15:23 | 1012290 Eagle1
Eagle1's picture

As a former Merrill Lynch-er from years ago, Mr. Bassman better watch his six with stuff like this. Merrill has a long history of getting rid of talented people who dare to not be "bullshit, oops I meant bullish on Amerika."

Wed, 03/02/2011 - 15:39 | 1012367 dizzyfingers
dizzyfingers's picture

Maybe he's too disgusted to care?

Wed, 03/02/2011 - 15:58 | 1012461 alien-IQ
alien-IQ's picture

I think it's time some good people mustered up a healthy dose of disgust because this is getting alarmingly ugly.

Wed, 03/02/2011 - 16:43 | 1012662 Art Vandelay
Art Vandelay's picture

Exhibit A: David Rosenberg

Wed, 03/02/2011 - 17:08 | 1012746 flacon
flacon's picture

Greetings from another former ML employee. I used to work for Bob Doll at MLIM. I left after the buyout by BlackRock. I got to work at BlackRock for a few weeks - and hated their workplace in NYC. All the developers sardined on a looooooong bench with no dividing walls. Like a slave galley - all the young 20-somethings working their asses off and weekends. 

Wed, 03/02/2011 - 15:33 | 1012293 AccreditedEYE
AccreditedEYE's picture

Attention all you non-inflationists (and you know who you are), what more evidence do you need that the Govt's Plan "A" (inflation) is well underway?

If they inflate, yields explode and the U.S. treasury debt roll dies. It isn't as simple as inflating away the liabilities. At some point, they have to put the brakes on risk which will release pressure and allow yields to move down. (for how long that break lasts is another matter)

** agree 100% commodities are being used as store of value play**

Wed, 03/02/2011 - 15:24 | 1012294 Cognitive Dissonance
Cognitive Dissonance's picture

A long slow drawn out death is never pretty to witness.....particularly when it's your own.

Wed, 03/02/2011 - 15:26 | 1012305 jus_lite_reading
jus_lite_reading's picture

AMEN! Let's get the party started NOW!

Wed, 03/02/2011 - 15:33 | 1012338 DoChenRollingBearing
DoChenRollingBearing's picture

@ Cog Dis,

I completely agree.  Each day (that I remember...) I am trying to follow your advice to pay attention and wake up.  It's hard, as you have said.  I'm making very little progress.  I am preparing, but...

I commented on your opus yesterday, but I never congratulated you for such a great piece.  I sent the link to over 30 people, so consider my congratulations as DONE!

Wed, 03/02/2011 - 16:48 | 1012679 Cognitive Dissonance
Cognitive Dissonance's picture

I appreciate the high praise and the link sent to others. The essay appears to have gone somewhat viral as it has been picked up by several other blogs and even a few article consolidators. It seems I touched upon a subject many people were thinking about, but very few were talking about.

Another successful cognitive dissonance pinged. :>)

http://www.zerohedge.com/article/end-game-would-us-policetroops-fire-upon-us-citizens

Wed, 03/02/2011 - 15:27 | 1012304 Azannoth
Azannoth's picture

No problem the government will indoctrinate the sheeple to the contrary through artificial 'Facebook Friends'

http://www.newsnet14.com/2011/02/28/army-of-fake-social-media-friends-to-promote-propaganda/

(this site has recently been hacked and shows up as malware but it's not)

Wed, 03/02/2011 - 15:27 | 1012309 jus_lite_reading
jus_lite_reading's picture

Which you can now get on your gov't approved Apple iPad 2.

Wed, 03/02/2011 - 15:55 | 1012443 LawsofPhysics
LawsofPhysics's picture

don't forget the blog trolls like harry!

Wed, 03/02/2011 - 16:14 | 1012528 downrodeo
downrodeo's picture

his conspicuous absence over the past few days is really starting to hurt his perma-bull reputation

 

harry, you out there? We're starting to get depressed...

Wed, 03/02/2011 - 15:44 | 1012319 Tense INDIAN
Tense INDIAN's picture

dont see much of an upmove here in the S & P:::

 

http://markettechnicals-jonak.blogspot.com/

Wed, 03/02/2011 - 15:30 | 1012321 unionbroker
unionbroker's picture

an acre of land or an i pad hmmm whatever will i choose

Wed, 03/02/2011 - 15:39 | 1012363 nedwardkelly
nedwardkelly's picture

An acre of land for the price of an ipad? Where are you buying land, the desert?

Land that's actually useable for much of anything runs at least $1k an acre around here.

Wed, 03/02/2011 - 15:45 | 1012396 unionbroker
unionbroker's picture

ok one and a half ipads

Wed, 03/02/2011 - 16:22 | 1012567 dow2000
dow2000's picture

And where are you? You should move to Long Island where you can get a 1/4 acre for about 200k plus 9k per year in property taxes.  The land where cops make about 150k per year and teachers make about 120k.

Wed, 03/02/2011 - 16:47 | 1012676 unionbroker
unionbroker's picture

 cheap 1! come to Vancouver and buy 1/4 acre for 1.5 CDN

Wed, 03/02/2011 - 21:49 | 1013614 Treeplanter
Treeplanter's picture

Most of BC is government land.  It's insane.

Thu, 03/03/2011 - 00:00 | 1013964 Sunshine n Lollipops
Sunshine n Lollipops's picture

Awesome! So it belongs to the Canadian people, right? Oh wait . . .

Wed, 03/02/2011 - 17:00 | 1012735 Bob
Bob's picture

Sounds like an expensive place all the way around.  Are the cops and teachers doing that? 

Wed, 03/02/2011 - 20:22 | 1013455 CrockettAlmanac.com
CrockettAlmanac.com's picture

The system which socializes educational, security and other services in order to allow the politicians and bankers to syphon wealth out of the pockets of productive individuals (all for our own benefit and the good of the children) is responsible for that.

In other words, things cost more when people believe that services they receive will be paid for by someone else. But if you read the fine print you'll discover that the someone else is you.

Wed, 03/02/2011 - 17:48 | 1012913 ColonelCooper
ColonelCooper's picture

I don't know why anyone would live there, but I'm glad they're there and not here.

Wed, 03/02/2011 - 15:32 | 1012329 Tense INDIAN
Tense INDIAN's picture

dont see much of an upmove here in the S&P:::

Targets around the 1250 area......

http://markettechnicals-jonak.blogspot.com/

Wed, 03/02/2011 - 15:33 | 1012337 cougar_w
cougar_w's picture

the 20bps rally in the T10yr ... is microscopic relative to the scope of events.

And there you have it. His personal opinion doesn't even matter; the rest of the world has voted with it's risk.

Wed, 03/02/2011 - 16:09 | 1012513 Commander Cody
Commander Cody's picture

And the salute to technology that was the Death Star is insignificant relative to the power of the Force!

Wed, 03/02/2011 - 22:01 | 1013654 I only kill chi...
I only kill chickens and wheat's picture

We will need the force if we are to survive.

Wed, 03/02/2011 - 15:33 | 1012341 LostWages
LostWages's picture

Thought that maybe this was a McBags headline....

History shows that the best way to deflect anger away from govt is to start a war and redirect that anger towards a common enemy.  This one could be tricky, but I'm sure the govt thinktanks will come up with something juicy in an attempt to rally the sheeple to send their sons off to die for something worthy.

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