Nic Lenoir Interprets The Oracle's Words

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Thu, 11/04/2010 - 09:44 | 699228 Turd Ferguson
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"Dogma is dangerous because it replaces rational thinking, and in this case the Keynesian theory being implemented is almost a religion for Fed officials who have lost any form of critical thinking ability."

This is true but it is not the root cause.

Keynesianism is in its final throes. Predictably, at the end, the entire ponzi goes exponential and parabolic. HellyBenny and his minions obviously believe all their Keynesian BS but at this stage they have no other choice. 

Its an interesting paradox. Only through Keynesianism does more-and-more = less-and-less.

Again, the end of the Great Keynesian Experiment is upon us. Prepare accordingly.


Thu, 11/04/2010 - 10:02 | 699274 tamboo
tamboo's picture

bah, they know it's just another joo flimflam ripoff in 'academic economic disguise',

they most certainly dont believe their own bs.

fiat money = abracadabra hocus pocus it has value cuz i said so.

Thu, 11/04/2010 - 10:35 | 699410 whatsinaname
whatsinaname's picture

post election all those "election" jobs are going to be gone for atleast 2 years now..

Thu, 11/04/2010 - 13:31 | 700061 RockyRacoon
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Keynesianism has suffered the same fate as the traditional gold standard.  They are good ideas that have been whored-up by the establishment in such a way as to have been detrimental to the entire society.   In their pure form they are fine notions.   Go to any bookstore and you'll find hundreds of books on weight loss.  All of which are fine, and nearly all of which include (somewhere in the back or in footnotes) the basics of a balanced diet.   It's the diet that is the key, not the gimmick of the title of the book.   The word "diet" means habitual nourishment, meaning it is a way of life, not a fad.  These economic fads are the death knell of any society.  The true gold standard is the equivalent of an economic diet in its elemental definition.

Thu, 11/04/2010 - 09:45 | 699229 Caviar Emptor
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On the one hand we got the runaway Fed, on the other we'll get a GOP/Tea Party backed Austerity plan. 

Now THAT'S what I call biflation! 

Costs will rocket, incomes employment and retirements will plummet. Makes sense. 

Thu, 11/04/2010 - 09:47 | 699233 centerline
centerline's picture

Really great post.  Will have to print this one out and tape it to the wall.

Thu, 11/04/2010 - 09:52 | 699248 MeTarzanUjane
MeTarzanUjane's picture

Exactly, to what end? Another bubble, falsely inflated without substance or true value. Openly confirming manipulation without fear of RICO.

Welfare for the investor class.

Thu, 11/04/2010 - 09:53 | 699253 spamghod
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Want to win back America? Start by getting rid of all the fucking jooz in government, the media and Wall St. America's REAL enemy is in Tel Aviv!

Thu, 11/04/2010 - 13:52 | 700165 BigJim
BigJim's picture

Do we get rid of all the Jews in medicine, technology, the arts, etc, etc, too? What about the Jewish teachers, firemen, sewage workers, librarians, and physiotherapists?

Jews aren't the problem. Zionists are certainly a problem, but let's remember that it was the WASP establishment that instituted the Satanic (as the Mogambo guru so amusingly calls it) Federal Reserve.

And it's the great mass of unawakened voters that perpetuate the Matrix. So let's leave the Jews unsoaped, huh?

Thu, 11/04/2010 - 09:54 | 699257 spartan117
spartan117's picture

Nic is still short?  Good lord, Nic.  It's going to be QE to the moon.  Everything is going up, except for the US Dollar.

Thu, 11/04/2010 - 10:04 | 699284 centerline
centerline's picture

Thinking that retail buyers will suddenly rush in thinking that the stock market truly only goes up as long as the Fed is running the show like this.  Will have to watch around me for "average Joe" type folks who suddenly start talking about putting their money to work for them in the stock market!  That is usually about the point that the door is slammed shut and the fire is started.

Thu, 11/04/2010 - 09:55 | 699258 slyhill
slyhill's picture

Cart pullin' the horse.

Thu, 11/04/2010 - 09:55 | 699260 Lord Peter Pipsqueak
Lord Peter Pipsqueak's picture

No more short the ES recommendations for a while then??

Thu, 11/04/2010 - 10:08 | 699298 CONners
CONners's picture

"Making investment decisions based on information published on Zero Hedge...is folly."

Thu, 11/04/2010 - 10:40 | 699432 nonclaim
nonclaim's picture

I only saw short term speculative bets posted here, no investment advice. Anyway, investing as we used to know is dead, doesn't matter who posts it.

Thu, 11/04/2010 - 10:45 | 699452 homersimpson
homersimpson's picture

Really? Then let's follow those pumpers on CNBC then. You first.

Thu, 11/04/2010 - 13:07 | 699967 CONners
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Zero Hedge is a financial news and information site, not an investment advisor.  Making investment decisions based on information published on Zero Hedge, or any internet site for that matter, is more than unwise, it is folly.

 

http://www.zerohedge.com/node/11120

Thu, 11/04/2010 - 09:57 | 699263 Boston Wealth
Thu, 11/04/2010 - 10:08 | 699299 Everybodys All ...
Everybodys All American's picture

Fundamentals no longer matter.

Thu, 11/04/2010 - 10:12 | 699315 Sherman McCoy
Sherman McCoy's picture

This guy Lenoir, isn't he the bozo who said "Sell" a while back, this is the top? Isn't ICAP just a bond broker? Personally, I'd rather know what Dan Dorfman's thinking.

Thu, 11/04/2010 - 10:17 | 699332 99er
99er's picture

Nic's a gal.

http://big-trading.blogspot.com/

And rather than provide snide remarks, perhaps you could offer up something substantive. Thanks.

 

Thu, 11/04/2010 - 10:25 | 699365 CONners
CONners's picture

Your link is not substantive.

You are welcome.

Thu, 11/04/2010 - 10:41 | 699437 jdrose1985
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No, Nic's a dude.

http://www.linkedin.com/in/nlenoir79

With a girlfriend if you read the rant post a couple of months ago

Thu, 11/04/2010 - 10:17 | 699333 Bill Lumbergh
Bill Lumbergh's picture

For anyone following the technicals of the S&P 500, we broke through the upper BB and now have a RSI of 75...the similarities of this move to the move from February to May are rather eerie.

Thu, 11/04/2010 - 10:36 | 699417 firstdivision
firstdivision's picture

We are only a few points away from April's high, and volume is a bit up over the 50DMA.  This could get interesting very quickly, but it will not crash since now the circuit breakers will trigger even if it is legitimate selling occurring.

Thu, 11/04/2010 - 10:24 | 699360 apberusdisvet
apberusdisvet's picture

In my gut I have the suspicion that we are being set up, yet again.  How many trillions stolen from the sheeple in housing?  How much more when the market becomes unsustainable?

Thu, 11/04/2010 - 10:26 | 699368 Thunder Dome
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SPU 1200+.  Can't even entertain shorting this bitch til at least 1220.

Thu, 11/04/2010 - 10:30 | 699385 JuicyTheAnimal
JuicyTheAnimal's picture

There's some truth sort of to this.  I'll take profits on precious metals options and then...  My shopping list:  2 Assault rifles, 2000 rounds, dry food supply, junk silver bag.  It's not Ipads but it's still discretionary spending.  I'd rather be buying a nice mountain bike, a gourmet kitchen and a vacation but such is life and spending is spending.   Or rather, I'd prefer to be investing in some long term growth stocks and looking forward to a retirement but that's out of the picture.  This kind of shit tells me to "get some defense for tomorrow and then live for today".  There won't be a USA as we knew it when I hit retirement age.

...maybe a couple cases of decent wine too

Thu, 11/04/2010 - 10:50 | 699472 maximus
maximus's picture

Whatever comes out of these gates, we've got a better chance of survival if we work together. Do you understand? If we stay together we survive...

Thu, 11/04/2010 - 11:05 | 699528 TeresaE
TeresaE's picture

As divided as we are, then we are screwed.  Totally screwed.

Thu, 11/04/2010 - 11:31 | 699661 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

I am with you Maximus. All of these survivalists want to go live off the land for extended periods of time. Wait until those around you find out you have food and shelter and come knocking at your door armed in mass. Your house will be burnt to the ground and your family riddled with bullets. We need to organize for survival.

Thu, 11/04/2010 - 11:21 | 699602 SwingForce
SwingForce's picture

"I left out the mortgage mess since at this point the market has decided to fully ignore this and you can count on Washington to push whatever law/accounting measure/magic spell required to make it disappear... at least on paper!"

I would like to add this, then, please, as Exhibit #5) on the Dreamlist, as the least likely event would also (by nature) be the least likely to be hedged against, therefore inflicting the greatest damage. 

Thu, 11/04/2010 - 13:13 | 700001 RockyRacoon
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I don't think anybody really thought banks would encourage the Fed to deliver less liquidity than expected given that just like in every other sewer, you need water to keep the crap floating.

Now this is putting things in terms I can understand!

Thu, 11/04/2010 - 19:57 | 701455 Charley
Charley's picture

"Keynes himself understood that his theory worked mostly in a 'closed economic system'".

The world market is a closed economic system. If the aim of the Fed is create inflation everywhere, not just the US, and if it can actually be done, the Fed alone has the capacity to do this.

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