• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Presenting "Things That Make You Go Hmmm"

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Sun, 03/27/2011 - 20:31 | 1107025 vast-dom
vast-dom's picture


Sun, 03/27/2011 - 22:23 | 1107266 Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

Sorry to say but not many here are going to miss Rosie.

Sun, 03/27/2011 - 23:02 | 1107363 Spitzer
Spitzer's picture


He is too keynes

Sun, 03/27/2011 - 23:45 | 1107500 JR
JR's picture

The money changing industry makes money by parasitic relationships. 

In most cases, their analysis is worthless.  Don’t ever ask a barber if its time for a haircut.

Rosenberg, a deflationist and leading bond bull whose bonds increase in value in a bull market when interest rates are declining and kept artificially low, talks his book.  When Charles Schwab wrote an op ed article in the WSJ (Enough With the Low Interest Rates!) urging that the target interest rate be increased now because savers were getting killed with inflation and without making credit readily available, Rosenberg discounted any help for savers:  “What is raising interest rates going to solve?  You can argue it’s going to help savers who have money in bank deposits.  If you start raising interest rates what is it going to do to the stock market? Because the stock market is part of saving as well.  If you raise interest rates what is it going to do to bonds?  The bond market gets clobbered.  A lot of people have their savings in bonds…” 


As Antal E. Fekete said in 2008: "Of course, the Fed will keep printing dollars like crazy… Bond bulls enjoy a pleasant tailwind. Bond speculation is virtually risk-free. Under our irredeemable dollar bond bulls have a built-in advantage. The Fed has to make periodic trips to the bond market in order to make its regular open-market purchases of bonds to augment the money supply. In order to win, all the bond speculator has to do is to stalk the Fed and forestall its bond purchases. This is the Achillean heel of Keynesianism: it makes bond speculation inherently asymmetric favoring the bulls, and that will ultimately derail the economy on the deflation-side of the track.”


But, as Doug Casey said recently, the clobbering Rosie fears is on its way:  “Bonds are so overvalued, they will turn into the next great graveyard of capital, after the ongoing real estate debacle. Prices are artificially high because central banks have been buying them, partly to keep long-term rates down and partly to increase the money supply – although these two intentions are ultimately completely at odds with each other… . As rates go up – and rates are headed higher – bonds will fall.”


Mon, 03/28/2011 - 01:50 | 1107724 Popo
Popo's picture

And as any economist who is worth his salt will tell you:  Deflation is the natural progression of all economies.  Rosie knows this well.  But that doesn't mean it is the vector at any given time (unless of course one looks at economies in the most macro sense.  "On a long enough timeline the survival rate for everyone drops to zero".  And as such, the natural order of economies is to deflate.)

But many will inflate, or even hyperinflate to stave off that ultimate reality:  In the end all economies eventually deflate.

The question for America is, where are we on that road right now?  One last crackup before we collapse?  Or do a generation of baby-boomer retirees eventually stop Bernanke from destroying a lifetime of earnings.

Rosie has it right in that macro sense.  He knows where it's all going. But his timing has been god-awful.  He's a smart economist and a sh*tty trader.




Mon, 03/28/2011 - 08:29 | 1108132 blindfaith
blindfaith's picture

Thanks to all about for intelligent postings and not personal rants or links to more youtube hype that has nothing to do with the subject.

Everywhere you look and everything you hear is circular reasoning.  Lies and half truths beget lies and half truths, and the general population is to busy watching their favorite 'brain-dead' TV show.  All there economists have a personal agenda...be it a blog, newspaper column, hopes for a radio or TV special, book deal, syndication...you name it.  Not one that I have read so far examines the big picture and looks forward (as opposed to describing what any half wit can see in his own rear-view mirror).  I supposed it any economist DID pontificate on 'what is around the corner' objectively, we would all go shoot ourselves.  Rosie...more worthless information about to try my imagination, and pry money out of my pockets.

Sun, 03/27/2011 - 20:33 | 1107032 EscapeKey
EscapeKey's picture

Another thing that makes me go hmm...


The Labor Department said Wednesday that the Producer Price Index rose a seasonally adjusted 1.6 percent in February -- double the 0.8 percent rise in the previous month. Outside of food and energy costs, the core index ticked up 0.2 percent, less than January's 0.5 percent rise.

Sun, 03/27/2011 - 21:00 | 1107088 Ben Fleeced
Ben Fleeced's picture

Are you advocating an interest rate increase? or just sayin'?

Sun, 03/27/2011 - 20:34 | 1107033 bankrupt JPM bu...
bankrupt JPM buy silver's picture

No body's going to be reducing anything anytime soon.  Austerity is like showing a male a picture of 10 hot broads, and telling him to go home and fuck him wife....it aint happening, you can fuckin forget about it.  Print print print....

Sun, 03/27/2011 - 20:39 | 1107048 SilverIsKing
SilverIsKing's picture

Do you mind calling my wife while I'm on my way home?  It may greatly improve my chances.  Thanks in advance.

Sun, 03/27/2011 - 20:46 | 1107070 Ben Fleeced
Ben Fleeced's picture

UR shorti'n sumpin'

Sun, 03/27/2011 - 20:35 | 1107041 cubical
cubical's picture


Sun, 03/27/2011 - 20:37 | 1107047 FranSix
FranSix's picture

Liked this one(in a nuke vein):


Sun, 03/27/2011 - 20:50 | 1107074 I am Jobe
I am Jobe's picture

Holy Shitz. So much for Peace I guess.


Sun, 03/27/2011 - 21:11 | 1107117 FranSix
FranSix's picture

Notice the nuclear weapons are mostly used domestically, and never used against an enemy.  Maybe that's the secret of detente.

France & Britain are the only countries that manage to test weapons as far away as possible.

Sun, 03/27/2011 - 21:55 | 1107211 Rusty Shorts
Rusty Shorts's picture

A message from your C.O. follows;



Sun, 03/27/2011 - 22:41 | 1107316 serotonindumptruck
serotonindumptruck's picture

This is why I always click on your YouTube links, Rusty. This video should be a "must watch", and Tyler should create a dedicated post.

This 'fighter-jock-flyboy' spokesperson-puke is clearly in full panic mode. His Intelligence Quotient seems to drop by at least 50 points within the first 90 seconds. It is intellectually painful to continue watching this dickhead after the first two minutes.

Thanks for the link. Passing it on.

Sun, 03/27/2011 - 21:14 | 1107124 Ben Fleeced
Ben Fleeced's picture

Radiated every day and sill going!

Vegas hookers are some tough broads!

Long hookers!

Sun, 03/27/2011 - 21:17 | 1107126 Ben Fleeced
Ben Fleeced's picture

Radiated every day since 1945 and still going!

Vegas hookers are some tough broads!

Long hookers!

Sun, 03/27/2011 - 20:44 | 1107058 Ben Fleeced
Ben Fleeced's picture

short Hmmmmm.

Sun, 03/27/2011 - 20:45 | 1107064 buzzsaw99
buzzsaw99's picture

I'm all for austerity, for billionaires and maggot banksters.

Sun, 03/27/2011 - 20:54 | 1107081 Ben Fleeced
Ben Fleeced's picture

Go welfare MOM'S

Sun, 03/27/2011 - 21:28 | 1107151 buzzsaw99
buzzsaw99's picture

Pay the welfare moms to hunt maggots.

Sun, 03/27/2011 - 21:37 | 1107170 gall batter
gall batter's picture

First, bzsaw, go after the deadbeat maggot ex-husbands or ex-boyfriends of those welfare moms.

Sun, 03/27/2011 - 21:47 | 1107191 buzzsaw99
buzzsaw99's picture

Pay baby-daddy a big fat bonus for every maggot they bag then deduct back child support.

Sun, 03/27/2011 - 21:09 | 1107116 Cleanclog
Cleanclog's picture

Gotta love the Dutch.  Inflamed that CEO of ING was awarded a Million Pound bonus, people hit the social networks - twitter, Facebook etc. - and threatened to close accounts at ING, try to cause a run on the bank, and the CEO waived his award and asked his directors to do the same.

Politicians there recently voted in a 100% tax on all bonuses paid to execs at institutions that received state aid during the financial crisis.  ING made 3 Bil Euros in profit 2011, but still owe Dutch  taxpayers 5 Bil Euros.

Egyptians, Dutch, Tunisians, Iranians can use social networks for social improvement.  UK, USA? Dancing with the Stars and Idol votes.  Urgh.  Well, maybe a little anarchy in London yesterday, and Wisconsin got something going.  But banker bonuses?  Nah.

Sun, 03/27/2011 - 21:18 | 1107134 Natasha Fatale
Natasha Fatale's picture

Gives "Dutch Courage" a whole new meaning, doesn't it?

Mon, 03/28/2011 - 02:22 | 1107667 Yen Cross
Yen Cross's picture

Cute Femme Fatale. I wouldn't want to meet you in a dark alley. It must be the Spelling? The French Hyphen?

Sun, 03/27/2011 - 21:51 | 1107194 Itsalie
Itsalie's picture

Ever wonder how a few thousand brits were able to subdue the Indians and Chinese? Yup, narcotics. Just feed them fat what their lazy bones can chew, and the rest is up to you. An empire in a sad state of disintegration and dancing to more of the same. Not sure why Grant is based in the far east, where one of Krasting's jobless commenters call land of the rice eating Mother#$@! who stole his job. Whatever his reason, I bet Jim Rogers is over there for the same reason as Grant.

Sun, 03/27/2011 - 22:09 | 1107240 Gordon Freeman
Gordon Freeman's picture

Good God!  Who's the avatar??

Sun, 03/27/2011 - 23:18 | 1107410 Cleanclog
Cleanclog's picture

You will flip out when I tell you the truth.  They're real

Sun, 03/27/2011 - 20:49 | 1107077 Seasmoke
Seasmoke's picture

what the heck is that Shakespeare guy talking about ?

Sun, 03/27/2011 - 21:27 | 1107149 LoneStarHog
LoneStarHog's picture

It is from Romeo & Juliet.  Juliet was telling Romeo not to swear their love based upon the Moon, since the Moon is always changing and their love should be constant.


Sun, 03/27/2011 - 21:02 | 1107093 LivermoreJim
LivermoreJim's picture

Makes me go ....zzzzzzzzzzzzzzzzz.....

Sun, 03/27/2011 - 21:08 | 1107109 brxn
brxn's picture

Are we going to get a summary of this? Started to read but couldn't get past the first few pages, just bleh.

Sun, 03/27/2011 - 21:17 | 1107130 augie
augie's picture

yeah dancing with the stars was on, i got distracted too.

Sun, 03/27/2011 - 21:09 | 1107112 Selah
Selah's picture




Armstrong intends to post new articles.
We have been advised that he is prohibited from publishing during the term of his home confinement (thru SEPT.2.2011) and that he is requesting a waiver.


Why can't he publish his doubleplusungood articles?

Sun, 03/27/2011 - 21:12 | 1107119 RobotTrader
RobotTrader's picture

PigMen and Plutocrats get richer.

Little guy gets screwed.

Guys like Glenn Beck and Gerald Celente continue to operate convenient profiteering rackets, feeding off the poor schlubs who are constantly getting hosed by Wall St. crooks.

Same story has played out though every generation, nothing ever changes.

2% of the winners profit off of 98% of the losers.

Nothing is ever going to change.

New Ponzi Pyramid Schemes re-invented over and over by the chemists on Wall St.

Infinite Fiat is here to stay, as long as Fractional Reserve Lending continues unabated.

Sun, 03/27/2011 - 21:18 | 1107136 spacecadet
spacecadet's picture

I know about Beck but what racket does Celente run?

Sun, 03/27/2011 - 22:25 | 1107272 Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

RT- leave Celente out of it. Seriously. atleast he will waive the costs of his newsletter if you show him your economic hardship.


Besides, the guy has been pretty reliable lately, you gotta admit, albeit its a matter of degrees.

Sun, 03/27/2011 - 23:07 | 1107385 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Don't mean to patronize, but if lately is for the last several decades, then yes, he is reliable.  Robo is just jealous.  It is like how the Narrator is always trying to stop Project Mayhem.  Robo is the Narrator.

Look at you!  You're...you're running around in ski masks, exploding things....

Sun, 03/27/2011 - 21:24 | 1107144 lieutenantjohnchard
lieutenantjohnchard's picture

ok, since you made enough money to "retire" to your 600 square feet los angeles apartment i guess you're saying you're one of the great 2% winners profiting off the loser 98%.

then pray tell how did you possibly lose money - your words, not mine - if you're such a great investor in the silver and gold market given the advance of gold for 10 straight years and silver being up 120% in the past year or so?

btw: are lehman, c and bear sterns pigmen / plutocrats or little guys that got screwed?

Sun, 03/27/2011 - 22:19 | 1107258 RobotTrader
RobotTrader's picture

Yep, my stock trading fortunes changed dramatically after 2004, when I finally figured out how to trade with the house, not against it.

And I finally proved that I could trade for a living in 2008 - 2009 after I lost my job, and I was forced to follow the tape and not my opinions.




Sun, 03/27/2011 - 22:29 | 1107279 Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

Working for some slob is illusory. If everyone here had sense, unless its a totally cushy job, they should go work for themselves.


Keep being a player, but you know ZHers hate the game

Sun, 03/27/2011 - 22:32 | 1107287 lieutenantjohnchard
lieutenantjohnchard's picture

trading for a living and retiring from vast profits made in the market are two different things. what you're saying today is that you're trading for a living, and to pay the rent. but before you've said you made enough money in the market to retire.

Sun, 03/27/2011 - 22:36 | 1107302 RockyRacoon
RockyRacoon's picture

Where are the boobies?

Mon, 03/28/2011 - 00:58 | 1107654 Matto
Matto's picture


Sun, 03/27/2011 - 21:35 | 1107165 lawton
lawton's picture

Celente at least tells the general truth about the banksters...

Sun, 03/27/2011 - 21:45 | 1107184 InfinityZero
InfinityZero's picture

The problem is not fractional is cheap credit and unregulated markets and unbalanced budget and trading.

Mon, 03/28/2011 - 00:57 | 1107650 Matto
Matto's picture

No, its fractional.

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