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The New "New Wall Street Reality"

Tyler Durden's picture




 

On the two year anniversary of the original New Wall Street Reality list, it is time for a long overdue update.

The New Wall Street Reality 2011
 

  • 1st of the month=housing showing signs of life
  • 15th of the month=housing showing signs of stabilization
  • The reality of shadow inventory=never mentioned
  • Single dip= reality
  • Double dip=reality reminder
  • Robbing American citizens blind=stabilization between the first and second dip
  • I’m broke= "restraints in income......."
  • Your grandmother’s broke=QE2
  • Everyone’s broke=bad weather was a factor
  • The unexplained rise in sales of cat food=QE3 is an unequivocal success
  • The end of free markets=victory for the bulls
  • Fake statistics=bears caught off guard
  • Soon to be revised statistics=bull rally continues
  • Inevitable revision of statistics=POMO day
  • 1000 point drop=Waddell and Reed sold something
  • No human is stupid enough to buy stocks=another round of cuts on Wall Street
  • Oil at $120=QEx
  • Oil at $100=QEx
  • Oil @ $90=QEx
  • Oil @ $50=A huge boon to the economy
  • QEx=put it together yourself
  • Hard times=’Summer of Recovery’
  • Harder times=”Welcome to the Recovery”
  • Rats on a sinking ship=U.S. Economic recovery team
  • Guy who cut more jobs here than created=Jobs council leader
  • Guy who lost a billion dollars=Chief economic advisor
  • Guy who cheated on his taxes=treasury secretary
  • NY fed chief who bought house near the top of the fed induced housing bubble=same guy
  • Guy who completely missed housing bubble=guy to help fix housing depression
  • Joke= economist
  • Bad joke= Wall Street economist
  • The joke of jokes=Joseph Lavorgna
  • 100,000 jobs created =recovery
  • 18,000 jobs created=soft patch
  • Surge in pitchfork sales=rescindment of birth/death model
  • Record stealing=trillion dollar stimulus
  • Massive Theft=QE2
  • Complicit to it all=congress and senate
  • Global kleptocracy=The ‘New Normal’
  • In prison=Bernie Madoff

And the one we should all be very, very wary of:

  • U.S. TROOPS HAVE JUST INVADED CANADA= “monthly jobs print has just come in at -72,000”

Courtesy of J-Dub

 

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Sat, 07/09/2011 - 14:10 | 1439868 Hedgetard55
Hedgetard55's picture

You forgot: buy Chinese solars 24/7.

Sat, 07/09/2011 - 14:14 | 1439879 blindman
blindman's picture


mojo
http://www.youtube.com/user/peacsees?feature=mhsn
.
dedicated to .... wall st. and related environs.

Sat, 07/09/2011 - 14:16 | 1439885 GeneMarchbanks
GeneMarchbanks's picture

Bond market=King Ponzi

Sat, 07/09/2011 - 14:37 | 1439936 Quixotic_Not
Quixotic_Not's picture

Equity market=Dope you can bleed in

¿Tienes plata gringo?

Sat, 07/09/2011 - 15:15 | 1440021 GeneMarchbanks
GeneMarchbanks's picture

Si. ¿Tienes oro hermano?

Sat, 07/09/2011 - 16:32 | 1440159 Whoa Dammit
Whoa Dammit's picture

"I'm not sure who is selling who to what anymore." 

from the movie Get Low 

Sat, 07/09/2011 - 14:20 | 1439897 HungrySeagull
HungrySeagull's picture

You forgot sales of very large old books at 10 pence in london shops during winter when coal is more expensive to heat by the bucket at night.

You also forgot a new developing economy based on a few bits of firewood, crops and other considerations other than the almighty dollar.

And don't forget the towns filled with flea markets doing a boom in commerce against retail which has been strangled by the web of walmart for decades.

Also the workers have ceased to try and get a camel into employment by way of the eye of needle but instead started to live the way they want to by any way they can. Legal or not.

Sat, 07/09/2011 - 15:17 | 1440026 doesmybuttlookf...
doesmybuttlookfatinthis's picture

Wait till next months unemployment report. My take is it will be abysmal.  As was stated by a teachers union rep, on another thread here. 1 to 2 million teacher were layed off July 1st.  Their jobs are not coming back.  I tend to believe this number. Further evidence of it is the NEA just increased its dues by 10 dollars a month.  Fox said it is to support Obamas re-immaculation, I believe it is to make up for a short fall due to cutting so many teachers jobs. Fewer teachers mean fewer unioun dues.

Sat, 07/09/2011 - 18:21 | 1440306 alex_g
alex_g's picture

can you point me to the thread?  thx

Sat, 07/09/2011 - 14:25 | 1439910 Careless Whisper
Sat, 07/09/2011 - 14:27 | 1439921 Atomizer
Atomizer's picture

Everything is going to be OK. Let's just sit back and drink our Kool-aid. LOL

A repost to another ZH poster earlier.

At his first press conference since being elected President, Barack Obama spoke about new job numbers and steps the government can take to help our struggling economy

 

President-Elect Barack Obama on American Jobs

 

Sat, 07/09/2011 - 14:35 | 1439935 Quixotic_Not
Quixotic_Not's picture

Keep voting for the (D) & (R) Free Shit Empire™!

Sat, 07/09/2011 - 15:53 | 1440091 Vic Vinegar
Vic Vinegar's picture

Holla.   We can pick this up on Tuesday.

Sat, 07/09/2011 - 14:30 | 1439926 sgorem
sgorem's picture

Fort Knox = Area 51

Fannie & Freddie = Bloated Carcasses

Sheeple = well, Sheeple

US.Gov = Shit Salesmen

Future = History

Fiat Paper = Ass Wipe

Italy = The New Greece

Gold & Silver = Priceless

Sat, 07/09/2011 - 15:15 | 1439959 AssFire
AssFire's picture

 Black Teen Youths= Norwegians

When will our Mulatto in Chief speak out about the fuckin Norwegian flash mobs?? Sure he's a looter, but at least his color will allow him to call them out without being denounced for his honesty ahh.., I mean racist rant.

http://stuffblackpeopledontlike.blogspot.com/

"I don’t want to be a prophet of doom -- and I really don’t believe that we are approaching doom -- but I think we’re going to slide into intensified social conflicts, social hostility, some forms of radicalism, there is just going to be a sense that this is not a just society."
-- Ex-National Security Advisor Zbigniew Brzezinski

The Norwegians already feel all is unjust. Just wait when the fake goobermint jobs and public assistances are removed. They just need one beating or police violence incident to launch Eric Holder and his people into full chaos.

Sat, 07/09/2011 - 15:15 | 1440020 Maniac Researcher
Maniac Researcher's picture

I'm sure a racist post like the one above is *bound* to be junked out of existence to preserve the credibility of Zero Hedge.

ZeroHedge = Whiny Bigots

Sat, 07/09/2011 - 15:26 | 1440031 bob_dabolina
bob_dabolina's picture

Black people are not productive. You cannot find me one upscale black enclave anywhere in America. And I already know what you liberal hippies are gona' say....it's because they're disenfranchised by the whites. Wrong. We have a black president so that shit doesn't fly anymore (which oddly comes at a time America is despised by the world, and is at it's weakest point arguably ever). Which brings me to my next point that what do you want to bet that even though the unemployment rate for blacks is ghastly (and gotten WORSE under Obama) that he still retains 99% of the black vote? That must be because blacks are immune from racial bias right? You'll never hear anyone talk about that.

And this was a nice story: 

 

Black Youths March in Peoria Screaming, “We Need to Kill All White People!”

http://www.thegatewaypundit.com/2011/06/black-youths-march-in-peoria-screaming-we-need-to-kill-all-white-people/

 

 

Sat, 07/09/2011 - 19:06 | 1440358 Milstar
Sun, 07/10/2011 - 09:36 | 1441181 lamont cranston
lamont cranston's picture

Herman Cain = Scares the Shit Out Of Democrats

Sat, 07/09/2011 - 16:05 | 1440037 AssFire
AssFire's picture

I'm sure a racist post like the one above is *bound* to be junked out of existence to preserve the credibility of Zero Hedge.

I didn't mention the forbidden "Jew" word that summons the mega junk storm from hell. Some subjects are just taboo, but I believe the "Norwegian" problem should be the first to explode. <Don't talk about it though>

Sat, 07/09/2011 - 21:35 | 1440606 zen0
zen0's picture

http://www.youtube.com/watch?v=tptZOjSkQX8

You are unsophisticated.

Black man Chris Rock hatin on niggers...

Sat, 07/09/2011 - 16:13 | 1440024 bob_dabolina
bob_dabolina's picture

Why would he do that? He wants to redistribute the wealth remember (his own words)Who do you think he's taking money from, and who do you think he's giving it to?

Sat, 07/09/2011 - 15:23 | 1440034 zaknick
zaknick's picture

KKK cocksuckers alive and well!

Redneck scum! And I'm not black but I know many black people who are better human beings than this rebel yell scumbag!

Sat, 07/09/2011 - 15:39 | 1440060 bob_dabolina
bob_dabolina's picture

Redneck scum!

Racist!!!! If I had a big enough lobby (like NAACP) I would sue the fucking shit out of you and ruin your life forever.

Sat, 07/09/2011 - 16:03 | 1440117 AssFire
AssFire's picture

Norewgians Are Always Causing Problems

Sat, 07/09/2011 - 18:17 | 1440302 Maniac Researcher
Maniac Researcher's picture

Corporate criminals love polities full of divisive ignoramuses like you.

Sun, 07/10/2011 - 07:13 | 1441109 AssFire
AssFire's picture

If the everyone world has Neanderthal DNA except Africans and Africa has evolved to this:

http://www.youtube.com/watch?v=hTUw0vKksGc

I think I'll remain and ignoramuse. Egypt fell after the 25th pharaoh (the first mixed race pharaoh) after importing too many and the US is quickly on its way to the same fate. History is fascinating to those not blinded by the last 40 years of bullshit.

Sat, 07/09/2011 - 19:26 | 1440378 OldPhart
OldPhart's picture

You're playing their game using their rules.  It's called 'Divide and Conquor'.

 

Citizen against Citizen instead of Citizens United.

Sat, 07/09/2011 - 21:40 | 1440619 zen0
zen0's picture

See zen0 2 posts up. Is Chris Rock KKK?

Your kneejerk position is out of date.

Sun, 07/10/2011 - 07:00 | 1441101 AssFire
AssFire's picture

Sorry Zeno,

I know it's not your fault you missed the Neanderthal update 2.0 about 80,000 years ago.

http://www.youtube.com/watch?v=yAzWNkCMt8w

You are that idiot who talked about the blossoming "Sharia democracy" in Egypt.. LMAO. Last I saw the military there was giving virginity tests to female demonstrators.

Sat, 07/09/2011 - 21:37 | 1440615 Miss anthrope
Miss anthrope's picture

I will unjunk you.... PC is way over-rated today.  I'm sick TO DEATH of politically correct!!

Sat, 07/09/2011 - 17:35 | 1440255 Misstrial
Misstrial's picture

sgorem:

Not to criticize, although Area 51 lore is not true, Bigfoot does exist.

~Misstrial

Sat, 07/09/2011 - 14:45 | 1439929 Quixotic_Not
Quixotic_Not's picture

Free market capitalism has been subverted and captured by by the Ivy League Tribe's licensed criminals, and is now nothing but an algorithm-based version of three-card monte.

This is reality - Economics is not about mathematics; The game is about the bankster & politeer tribes abililty to continue servicing the global elite!

Systematically looting the wealth of nations is not a new paradigm...Same shit, different century!

Tribal warlords are only as rich & powerful as the thugs they employ and their ability to coerce the consent of the sheeple to rape, pillage & plunder.

The looting will continue until morale improves!

Sat, 07/09/2011 - 14:56 | 1439963 dwdollar
dwdollar's picture

"The looting will continue until morale improves!"

That statement would be hilarious if it weren't so true.  It is exactly the mentality of modern economics.

In other words...

We will continue to print more money to debase what little wealth you have left unless you "buck up" and continue buying junk sh*t on credit.

Sat, 07/09/2011 - 14:34 | 1439933 OutLookingIn
OutLookingIn's picture

No need to invade Canada. The biggest newest group of immigrants are US citizens, seeking the very things that were supposed to be their birthright, as stated in the US Constitution. Thank you. They will make VERY good additions to the citizenry, for they have lost those rights once, but never again. From one who is outside looking in - very little time left to get your s**t together! Almost too late now, in many respects.

Sat, 07/09/2011 - 14:38 | 1439940 disabledvet
Sat, 07/09/2011 - 14:45 | 1439957 CrashisOptimistic
CrashisOptimistic's picture

Brent spread $22 = maybe the North Sea doesn't have infinite oil

Sun, 07/10/2011 - 08:39 | 1441139 Urban Redneck
Urban Redneck's picture

Look at the spread of PHYSICAL oil prices to paper BENCHMARKS.  Perhaps the North Sea has less rigged (price suppressed) oil than the US. 

Sat, 07/09/2011 - 14:59 | 1439988 scratch_and_sniff
scratch_and_sniff's picture

 

  • No human is stupid enough to buy stocks.
  •  

    Thats a good one. Its the way he tells them.

    Sat, 07/09/2011 - 15:02 | 1439997 GymStud
    GymStud's picture

    nice list

    Sat, 07/09/2011 - 15:07 | 1440001 TuesdayBen
    TuesdayBen's picture

    Laser-like focus on job creation = whittling the handi down to 24 using a different caddy daily

    Sat, 07/09/2011 - 15:16 | 1440023 scratch_and_sniff
    scratch_and_sniff's picture

    Hey Tyler, check out Euro...it just put in ~100 pip move in one tick.

    Sat, 07/09/2011 - 17:02 | 1440210 scratch_and_sniff
    scratch_and_sniff's picture

    Whos doing the junking, check it our yourself...

     

    http://i55.tinypic.com/zj9i09.png

     

     

    Sat, 07/09/2011 - 19:39 | 1440392 jm
    jm's picture

    LMAO

    Sat, 07/09/2011 - 15:26 | 1440038 Franken_Stein
    Franken_Stein's picture

     

    Can anybody tell me why there is a discrepancy in numbers here, between this report:

     

    June 2010, page 124, table 22A, col: June 2009 / row: Other precious metals:

    http://www.bis.org/publ/qtrpdf/r_qa1006.pdf

     

    and that report

     

    June 2011, page 134, table 22A, col: June 2009 / row: Other precious metals:

    http://www.bis.org/publ/qtrpdf/r_qa1106.pdf

     

    ???

     

    Sat, 07/09/2011 - 15:36 | 1440058 scratch_and_sniff
    scratch_and_sniff's picture

    Because they are two different reports, on two different years. Why, what's your "???".

     

    Do you actually think they would let a fuckwit like you catch them out?

    Sat, 07/09/2011 - 15:38 | 1440061 Franken_Stein
    Franken_Stein's picture

     

    But not with regard to the same data point of June 2009, which lies in the past of both reports and therefore shouldn't change.

     

    Sat, 07/09/2011 - 16:03 | 1440116 macholatte
    macholatte's picture

    and Dec 2008 is also in both reports and has conflicting numbers.

    Sat, 07/09/2011 - 16:07 | 1440125 Franken_Stein
    Franken_Stein's picture

     

    Exactly.

     

    Is this maybe that some banks and CBs only file their numbers with the BIS after more than 1 year, so some of the PM derivative position changes didn't make it into the earlier report, but into the later one ?

     

    Or is this cook da books ?

     

     

    Sat, 07/09/2011 - 16:03 | 1440118 Urban Roman
    Urban Roman's picture

    They seem to have mislaid almost $200 worth of their 2009 stash.

    Sat, 07/09/2011 - 16:08 | 1440127 scratch_and_sniff
    scratch_and_sniff's picture

    From what i can gather at a glance, these are OTC's dealing with outstanding amounts from perhaps a growing number of reporting dealers.  What exactly is it you are trying to say, WTF? You made me read these for what exactly?

    Sat, 07/09/2011 - 18:39 | 1440323 RockyRacoon
    RockyRacoon's picture

    I didn't feel compelled to read them, and didn't.

    What "makes" you such a push-over?

    Might want to look into that, and what you are angry that you don't understand something.

    Might be an intelligence level thingy.

    Sat, 07/09/2011 - 20:49 | 1440510 scratch_and_sniff
    scratch_and_sniff's picture

    "Might want to look into that, and what you are angry that you don't understand something."

    You are completely right Rocky, i dont understand something. Here is what i dont understand - i really dont understand how this site is a repository for every little conspiratorial whim that flows through tortured brain cells at the speed of light.

    What does this guy want? a breakdown of some spreadsheet suitable enough to offset his paranoia, he wants people to spell out his error just so he can say "ok then, i will absentmindedly go and find the next crock of shyte for someone to disprove"? And what if they do? ...HES NOT LISTENING EITHER WAY!! ARE YOU LISTENING ROCKY? ARE YOU LISTENING?

    Or perhaps he wants pumped full of nonsense, a greater shite than he himself can dream of? (maybe thats why he is looking at things that he doesn’t understand, maybe thats why he’s here? Why are you here? Do you think some black and white Cartoon character is giving you the information you need to know? Pfff, Its amazing that the most paranoid people on the planet aren’t questioning a black and white comic character feeding them information every 5 minutes that for the most part they don’t understand!) No offence Twyer, but well done, you got some almighty bullshit flowing here.

    So this guy puts two spreadsheets online and says there is an important difference; by way of posting it here, and by surreal proxy he practically says "you spot the difference and tell me what it means, and when you tell me, i'll tell you what it means" (wink wink, conspiracy is king)- i.e. he has his own little algorithm working things out whatever the case, looping anything that remotely fits together with his dirty paranoid politically warped fantasies...well fuck that. More than anything i am angry with myself for being dragged into this spastic soup.

    It angers me that people have taken the gist of some idea, and seem possessed and keen to run with it, run blindly into quite a dark corner of their fantastic ignorance - i do smell that this horseshit has the potential to rip the US to bits, the bullshit is rife, i smell revolution, i smell a bloody revolution of utter confusion - it comes thicker and faster than anyone can work out because there are so many bullshitters wanting to put themselves forward as sages, leaders, gurus and whistleblowers, there is a fair fragmentation underway. Thats what makes me angry  Rockyfuckingracoon, every time I hear some bullshitting fucker on here talking stuff he wont even take the time to understand, ...im having trouble understanding how America comes out from under such a weight of SHYTE, SHYTE MOTHERFUCKER SHYTE!!!

    Sat, 07/09/2011 - 21:17 | 1440567 RockyRacoon
    RockyRacoon's picture

    Nicely put.   Actually, we are on the same side of the issue.  I just care a bit less about the insignificant.   If one can smell a set-up, just pass.   Like walking across the street to avoid a blind alley.   No need to ask for trouble.   ZH is not much different from other sites other than some of the better ones are more thoroughly patrolled by the owners.    Since ZH has no person's name (other than a movie character) attached to it, there is no personal harm to an individual done by the weirdos who frequent the place.   There are those who come here having been booted from other sites and we reluctantly tolerate them because there is no choice.   Sure, some have mysteriously disappeared, never to be heard from again (by the same handle anyway), but if they keep their noses relatively clean they get to stay.

    I'm not smart enough to judge the merits of that.   Just as I didn't get hooked by the double-speak comment and its links, I don't go off into the weeds on figuring out who/what runs ZH, nor their motives.

    Frustration is apparent in your comment and I feel the same way sometimes.   Lashing out at the nearest contact is normal.   TPTB probably know how to channel and control that -- until they can't.

    Sat, 07/09/2011 - 23:37 | 1440821 jm
    jm's picture

    This is a nice comment and sentiment.  But I understand scratchy's doomer fatigue.

    I mean, have you ever watched one of the dozen apocalpse-porn zombie movies with the same hideous plot only moreso?  You know, a steely-eyed hero hacking up zombies with a chain-saw protecting hard-nippled girls huddled behind him and such?  And suddenly thought to yourself in the middle of it:  "My Lord, how utterly pathetic! This is the best we can do?"

    We can do better than blame jews and blacks and the other groups we pull out of our personal box of hate for problems we brought on ourselves.  Everybody wants to find a reason behind every downfall, an explanation for every failure that doesn't involved them in the explanation.  So they blame some evil masterminds or some group painted in the mind's eye exactly like the source of all problems.  All you have to do is accept on pretty blind faith that there is some inner reality unconnected to obvious everyday mundane facts that put at least some of the blame solely on ourselves.

    There are no masterminds at work at the Fed or the ECB, just people desperately snorting some failed ideology up their nose like it was cocaine.  The people in charge can't control situations or know the future at all.  They don't know what they are doing anymore than the rest of us.  There isn't some secret cabal of people buying up everything to make people debt slaves.  The facts are that the Fed bought crap because no one else would touch it. They decided to get rid of it, turned down a $15.7 billion offer for it, only to have half of it not trade at all.

    The blind faith is exhausting crap, and it is self-defeating.  A believer can't take different points of view at face value. Instead there is an assumed sinister motive to every dissenting opinion.  I can't say that this is a financial site first and foremost anymore, because many don't see it that way.  I accept this as how it is.  But I am disgusted and call out some of the worst in human nature when I see it displayed.

    Sun, 07/10/2011 - 01:40 | 1440999 RockyRacoon
    RockyRacoon's picture

    Thanks for that thoughtful reply.   Seems like civility is getting scarcer.

    I always like to remember that the mind, like nature, abhors a vacuum.   If there are no credible explanations forthcoming, we will fill the gap with our own or another's fantasy.   It makes us more comfortable.   Not knowing is disconcerting.  The trick is not buying into so much crap.

    It gets more difficult as things come off the rails progressively.    I got an email from a very stable pillar of the community this evening.   He is not happy nor satisfied.   When these folks get the message the jig is up.   Revolutions do not center on the lower classes; all they know how to do is break stuff.   Successful revoulutions have been guided and driven by those formerly of the upper crust.  

     

    Sat, 07/09/2011 - 23:38 | 1440824 scratch_and_sniff
    scratch_and_sniff's picture

    It was all perfect rocky, i was really getting into that...until you mentioned the TPTB looking to launch a mind attack on me. Fuck man thats scary, and i am giving you the benefit of the doubt here, but Rocky i have had BBC and Sky blasted into my living room for 32 years, i know what the TPTB are capable of, and they are all batshit crazy, barely holding it together, imbeciles, you should have a closer look, i guarantee you will laugh your bollocks off. TBTB should be called TPTABO...the pricks that always burn out.

    Sun, 07/10/2011 - 01:43 | 1441006 RockyRacoon
    RockyRacoon's picture

    You know, I have always rested easy knowing that the more aware amongst us will not succumb to the hype and the lies.   Sure, there is lots of talk about "sheeple" and such, but those folks will always be with us.   They will not change, but they sure can cause havoc if their bread and circuses are removed.    Lordy, help us then.

    Sat, 07/09/2011 - 15:45 | 1440080 Vic Vinegar
    Vic Vinegar's picture

    WAAAAAAAAAH?

    Sat, 07/09/2011 - 15:53 | 1440096 Urban Roman
    Urban Roman's picture

    Perhaps they decided, between 2010 and 2011, that tungsten is not a precious metal.

    Sat, 07/09/2011 - 15:56 | 1440102 Vic Vinegar
    Vic Vinegar's picture

    Can anybody tell you to figure this shit out?  

    You are a loser.  Why post here?

    Sat, 07/09/2011 - 16:01 | 1440113 Vic Vinegar
    Vic Vinegar's picture

    Since I do have to roll, lemme sum it up quick.

    Nobody gives a shit about you or your Bilderberg bullshit.  Figure it out freak.

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

    Goddamn, Guided by Voices are good.  So much better than anything you have to tell us about John D.

     

    Sat, 07/09/2011 - 16:10 | 1440130 Vic Vinegar
    Vic Vinegar's picture

    Aahh...loser who flagged my shit as junk.  So sad to be you.

    Sat, 07/09/2011 - 16:09 | 1440129 Vic Vinegar
    Vic Vinegar's picture

    Just 'cuz Cog Diss said this website should be about community.  

    Cog Diss is a loser just like you Frank.  Some of us are just here for the lulz.

    http://www.youtube.com/watch?v=c4_huqm7usE

    Sat, 07/09/2011 - 18:43 | 1440330 RockyRacoon
    RockyRacoon's picture

    You can edit your own post if it has not been replied to. 

    Try that instead of cluttering up the place.

    Sat, 07/09/2011 - 15:47 | 1440074 dwilso39
    dwilso39's picture

    Housing Recover=Goverment "recovery" and repossion of client (China) assets

    Retirement Savings=Gone

    Social Security= Been gone

    401(k) savings=....gone too

    Green Shouts= Market Manipulators did a good job today

     

    Sat, 07/09/2011 - 15:45 | 1440075 dwilso39
    dwilso39's picture

    Zero Hedge=Shinning light

    Sat, 07/09/2011 - 15:58 | 1440106 Juan Wild
    Juan Wild's picture

    CNBC=Financial Porn

    Sat, 07/09/2011 - 16:05 | 1440123 macholatte
    macholatte's picture

    Hey, Coppertop!

    What's your opinion?

    Sat, 07/09/2011 - 16:14 | 1440135 Cheesy Bastard
    Cheesy Bastard's picture

    Jobs won't matter in the 2012 election=Every felon, illegal immigrant, Puerto rican, recently dead democrat, and disney charactor get to vote after the electoral college is eliminated in our "democratic election process".

    Sat, 07/09/2011 - 16:29 | 1440156 dust to dust
    dust to dust's picture

      Invade Canada? I think they have more oil than the Middle East. Be very wary. You never know what a rabid animal will do. Ouch!

    Sat, 07/09/2011 - 16:44 | 1440181 janus
    janus's picture

    i think we are in rats' alley/

    where the dead men lost their bones

    Sat, 07/09/2011 - 17:19 | 1440228 Franken_Stein
    Franken_Stein's picture

     

    Rats in the front room,

    roaches in the back,

    junkies in the alley with a baseball bat.

     

    http://www.youtube.com/watch?v=O4o8TeqKhgY

     

    Sat, 07/09/2011 - 17:36 | 1440257 Juan Wild
    Juan Wild's picture

    Rats on the West Side,

    Bedbugs Uptown

    Liquor in the Front,

    Poker in the Rear

     

    Sat, 07/09/2011 - 18:59 | 1440349 Tyler Durden
    Tyler Durden's picture

    I will show you fear in a handful of debt

    Sat, 07/09/2011 - 19:06 | 1440357 Cheesy Bastard
    Cheesy Bastard's picture

    From "The Waste Lend"

    Sat, 07/09/2011 - 20:39 | 1440482 Tyler Durden
    Tyler Durden's picture

    +1

    Sat, 07/09/2011 - 21:57 | 1440674 janus
    janus's picture

    that's how you punctuate a mutha-fuckin metaphor! bitchez

     

    PS tell my buddy Bill Bonzai that I have a Sterling Idea for the man.  I got it, where you would naturally suspect, from story-time with my youngest.  Imagine a tryptich of bernake/dr. suess/the global banking cartel -- it isn't so hard for a hat cat like me. 

    ...

    I could explain it in elaborate and extravagant detail, but the metaphor really speaks for itself.  Just check it out...you'll see.  The "pink-ink" is the debt.

    And that is my humble addition.

    Janus

    Sun, 07/10/2011 - 03:30 | 1440533 janus
    janus's picture

    Can I say, in a sort of football-fraternal sort of sense, that I love you guys? 

    Let me preface this a bit...

    Sorry I had to take a couple of weeks; week before being High-Saxon Holy Week (Wimbeldon (in fact, I was surprised to see you were all still here, pretending Nadal wasn't even on the court)), and the week since bearing no less import.  I am in my mid thirties (yes, still in the mids), and since I felt I owed society more than I'd heretofore been willing to sacrifice, I decided, not long ago, to pursue medicine.  That effort was hastily and happily aborted on the second day of my 'shadowing' (where you toddle along after a board certified creep); whereupon I discovered that most people are a bunch of malingering belly-achers who need a swift kick in the ass rather than palliative medicine.  I felt certain that I would inevitably poison no less than forty per cent of my patients, if ever any state were hapless enough to license me.  And so, after my Big Silver Buy over the forth, I had what one may fairly call an epiphany.

    Now, I'm not the sort to toss around a word like 'epiphany', like it was your run of the mill notion.  Hell no, I employ words with laser-like precision; and so it came to pass that Janus was burdened by the Real McCoy, a sure-fire epiphany.

    My muse spoke softly at first, 'janus...janus, turn down the music, dear...JANUS! prick up your ears, son! i was brooding over your future and all, seeing how you've neglected the subject of late.  anyway, i was thinking.  you know how you really like these people in the revolutionary-finance world?  well, it stands to reason that you could do it, too -- seeing how you're a math-wiz and all that, and with your knack for colating Cosmic Truth, seems you'd be a natch.'

    I'll carry on with just about anyone, but I'm not one to argue with muses (and mine is intolerant of argument to begin with), and so it seems I'm on my way. 

    Only thing is, I don't find myself subscribing to these ideologies or 'schools of thought' the way I once did.  I'm more in the fear/greed camp (with respect to analysis).  That, and listening to the lessons to which others turn a deaf ear -- the impatient cusses -- y'all seem to have your finger on the pulse, though. 

    And I guess to conclude these loving thoughts I'll say that I'm sick of something:  I'm really weary of this sniveling, this 'who'll lead after the fall?  what if the new tyrants make us pine for the old?' nonsense.  We are the new rulers, gentlemen (and ladies); we are the New Age; it is us of whom they will write legends.  The time is now.

    I would like to salute/

    the ashes of American flags/

    and all the falling leaves/

    filling up shopping bags

     

    Sat, 07/09/2011 - 17:23 | 1440230 XRAYD
    XRAYD's picture

    Hopeium and Changium.  Valence = 0.
    Sat, 07/09/2011 - 17:28 | 1440244 Franken_Stein
    Franken_Stein's picture

     

    "The intellectual horizon of most people is a circle with a radius of 0.

    And that's what they then call their point of view."

     

    Albert Einstein

     

    Sat, 07/09/2011 - 18:03 | 1440289 Juan Wild
    Juan Wild's picture

    "Wall Street people learn nothing and forget everything."

    ~Benjamin Graham

    Sat, 07/09/2011 - 17:22 | 1440234 slewie the pi-rat
    slewie the pi-rat's picture

    this is wonderful.  i'm gonna read it again. 

    we can do it:  The Big Whatever

    Sat, 07/09/2011 - 17:26 | 1440240 XRAYD
    XRAYD's picture

    One of the more absurd comments I heard recently was that if the banks had not been rescued, all the ATM machines would have stopped working! Mind you, the “rescue” was not implemented by sending out Brink’s armored trucks with cash to stock the ATMs. It was done simply by opening a “window” at the Fed.
    It is this kind of “consuMORON” thinking that I find baffling, however, Washington knows it can count on it. Because I could get $200 of MY OWN money from an ATM to spend that weekend, it makes PERFECT sense to bail out the banks, restore their bonuses, let them keep their profits while socializing their losses. So what if it reduces my and my children’s living standards in the future? I had a good weekend because the ATM was working.
    Much of the sorry history of the “financial crisis” is now well known. The theft, fraud, the waste and misallocation of capital in order for the players to get their “cut” of the trillions of dollars of ‘fake money’ created by “financial innovation”, which lies at the heart of our moribund economy, is staggering.
    We all know that the markets are a reflection of the economy, and ultimately the markets are about CONFIDENCE. The economy has stopped working because of this lack of confidence. The stock and commodity markets are merely a fig-leaf of Mr. Bernanke’s imaginary “wealth effect.” The bond markets is sailing on money created out of thin air.
    The average American simply appears to have thrown up his arms in despair and helplessness because he/she knows that Wall Street and Washington care nothing about them beyond using them as pawns in the endless and fruitless “talking point” debates and dueling op-eds in the media.
    The “housing” part of the financial crisis has mostly been ignored. And “job creation” is a mantra to use only on TV to pretend that you are doing something as a “leader”.
    With massive mis-allocation of capital into credit instruments of all types, and resulting attendant demand on future cash flows for interest and principle payments, is it any surprise that no oxygen is left for the real economy? This is THE PROBLEM! It is best ignored, because we know where those interest payments and principle have to end up. Hint – it’s not at any store on Main Street, where it is called lack of "demand".
    Drastic intervention was called for to deal with the so-called “financial crisis” (as if was caused by the weather) by taking over failed big banks and cleaning them up in a fair open and honest way, including punishing those responsible by making them disgorge their ill-gotten gains.
    Instead, the people responsible have been rewarded, and too big to fail institutions are even bigger. And all the “risk” is now deliberately piled onto the aching backs of tax payers of the future and reducing their standards of living. 
    To add insult to injury, those who have captured Washington now call the lack of confidence “Uncertainty” and keep braying about “too much regulation.” And demanding more “tax cuts” to boot with fake promises of investing and creating jobs. Fool me once, “YES WE CAN” get fooled, again!
    Obama should quit complaining about the economy he “inherited” not being as strong as he would like, like 9”. By failing to take firm action on behalf of the American people, and instead jumping into Wall Street’s bed, he is clearly responsible for making things worse and digging us into an even deeper hole.

    Sat, 07/09/2011 - 18:51 | 1440339 RockyRacoon
    RockyRacoon's picture

    I usually have a problem with all bold comments, but yours gets the thumbs up.

    Sun, 07/10/2011 - 01:08 | 1440963 HungrySeagull
    HungrySeagull's picture

    I agree with Rocky.

    I have not touched an ATM in years. I withdraw pay once a month and let the rest autodraft.

    In fact, Cash is unnecessary now. Just swipe the big credit card and get home and transfer the same afternoon to keep a zero balance while retaining protections against the merchant.

    Increasingly the Shipping of said item online is cheaper now than burning the actual gas to and from the store in the area. One click ships it in a few days to your Post Office or door.

    Sat, 07/09/2011 - 17:47 | 1440269 gwar5
    gwar5's picture

    Bernanke's quivering lip = Priceless

    Sat, 07/09/2011 - 18:57 | 1440347 HungrySeagull
    HungrySeagull's picture

    Yep, the lips know best.

     

    Classic.

    Sat, 07/09/2011 - 18:31 | 1440313 Downtoolong
    Downtoolong's picture

    You know things are bad when you start wishing for the return of the good old days of Enron.

     

    Sat, 07/09/2011 - 18:34 | 1440316 Seasmoke
    Seasmoke's picture

    as long as i can live in my house and not pay the mortgage for the next 45 years

    Sat, 07/09/2011 - 18:40 | 1440325 SwingForce
    SwingForce's picture

    Volatility? Lets bow our heads, and reminisce 

    http://swingforceultra.blogspot.com/2009/11/faz-111008-112608.html

    Sat, 07/09/2011 - 18:48 | 1440334 scratch_and_sniff
    scratch_and_sniff's picture

    errr folks!!!, OANDA is letting me buy EUR/USD at 1.4255 and FXCM is quoting me 1.4345?? Serious 90 pip arbs going on here, someone is going to get a bloody nose monday...the trades might be closed on monday, but they might not!!

    http://tinypic.com/r/168eidt/7

     

    Sat, 07/09/2011 - 19:46 | 1440403 gall batter
    gall batter's picture

    i sold a piece of gold jewelry to pay some bills.  hated to do this.  i'd like to turn off reality and watch Disney's "Beauty and the Beast". 

    Sat, 07/09/2011 - 20:42 | 1440492 slewie the pi-rat
    slewie the pi-rat's picture

    still, you don't have the debts any more, now, either  yay

    gold has been called "the great debt extinguisher"

    really.  and, it's nice to take time to enjoy the myths...  translation:  i can relate...

    Sat, 07/09/2011 - 21:10 | 1440554 gall batter
    gall batter's picture

    no more debt.  feels good but that piece of jewelry had more value than weight in gold--sentimental.

    Sat, 07/09/2011 - 21:43 | 1440631 slewie the pi-rat
    slewie the pi-rat's picture

    i thought so-~---~-the sentiment.  trying to stay balanced has its rough edges, and freedom, well, it grows on you, as i'm sure you know.  so, good!  and i hope you feel better when you're ready.  tough choices, not bad choices.  still, it is gone, now.  so be it.

    Sat, 07/09/2011 - 21:53 | 1440662 gall batter
    gall batter's picture

    swinging.  back and forth.  but you are right.  so be it.  thanks. 

    Sat, 07/09/2011 - 21:16 | 1440565 scratch_and_sniff
    scratch_and_sniff's picture

    You must have taken an almighty slap in your trading activities to be talking that kind of shit. So you own a bit of gold, so what the world stops turning?

    Sat, 07/09/2011 - 21:53 | 1440661 slewie the pi-rat
    slewie the pi-rat's picture

    i looked @ those charts you posted on your link.  there is no time or date on either "quote" in yer "arb" and people get bloody noses all the time...

    ...asshole...

    Sat, 07/09/2011 - 23:09 | 1440789 scratch_and_sniff
    scratch_and_sniff's picture

    eh? but why would anyone lie about that? slewie the p-rat? Why, but why...why slewie the p-rat?

    Sat, 07/09/2011 - 23:54 | 1440852 slewie the pi-rat
    slewie the pi-rat's picture

    i didn't say you were lying, s_n_s.  i don't think you were, even.  but it's saturday evening, in ny.  are the markets open?  from your orig post, maybe 1 is, the other isn't.  i don't know. 

    maybe i just don't understand what you are saying.  you put the quotes in present time, it seemed; the arb is is present time; and then monday.  if you put the time data up, or relate it, in writing, for the time sensitive price data, it sure would be a lot easier to see what the fuk you are saying, than going thru this.  that's all.

    again, help me understand this by telling me what the time/date on those 2 screens are, for those prices.  i don't operate in these markets. 

    uh,...the name-calling was not abt your motives in putting up the data. 

    Sun, 07/10/2011 - 00:06 | 1440869 scratch_and_sniff
    scratch_and_sniff's picture

    ok mate, the time is tonight, you can trade the weekend on some platforms, OANDA for example. You can place trades with OANDA 24/7....but FXCM updates on saturday too, and they are quoting 1.4346 as of now, where OANDA are quoting 90 pips below, right?

    Heres the FXCM quote, and the OANDA quote is the same as the pic earlier...

    http://i55.tinypic.com/zj9i09.png

    Sat, 07/09/2011 - 19:47 | 1440405 Seasmoke
    Seasmoke's picture

    if Staples can invent the Simple Button, someone should be able to invent the Reset button (set to anything pre 1997)

    Sat, 07/09/2011 - 21:58 | 1440677 gall batter
    gall batter's picture

    just in from The Washington Post:  A strong earthquake with a magnitude of 7.1 has hit off the northeast Japan coast, prompting a tsunami warning.


    The quake hit at 9:57 local time (0057 GMT) and a warning of a possible tsunami was issued for most of the northeastern coastline. The epicenter of the quake was in the Pacific Ocean off the coast of Japan’s main island, Honshu.

    Sun, 07/10/2011 - 07:58 | 1441128 oogs66
    oogs66's picture

    think the big GS loans in December 2008 from the Fed were used to pay bonuses?

    Sun, 07/10/2011 - 15:14 | 1441681 jack stephan
    jack stephan's picture

     

    Mr. Burns: Hmm, let's see...?Confederated Slave holdings." How's that one holding up?
    Lawyer: It's,.. uh, steady.

     

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    nameman's picture
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