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Qatar's Largest Investment Bank Discusses American Monetary Diarrhea

Tyler Durden's picture


When a major investment bank's offical Private Client presentation has such words as "Monetary Diarrhea" you know someone is in on the joke and hasn't been acquired by General Electric just yet. Nothing earth shattering here, just a good, simplified summation of how the US economy is suffering from a terminal case of Montezuma's revenge (also known as Traveller's Diarrhea, or TD - no relation to this particular author), and will be for a long long time. Also, yet another great Great Depression-Now overlay:

Full presentation from QInvest (Qatar's Largest Investment Bank) Private Client Advisory Commentary here.



h/t Bankster


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Thu, 09/17/2009 - 01:06 | Link to Comment lizzy36
lizzy36's picture

bidetesque, montezuma's revenge....

market @ 11 ms month highs, and are full of fitting metaphors.

Thu, 09/17/2009 - 01:12 | Link to Comment djchill2
djchill2's picture

Fuckin' awesome!  Monetary guys think that phase has been trademarked yet?  Put that on a ZH shirt!  I' m buying!

Thu, 09/17/2009 - 09:56 | Link to Comment ED
ED's picture

Buy the set...

"Too Big To Fail"

"Too Screwed To Care"


Thu, 09/17/2009 - 01:27 | Link to Comment agrotera
agrotera's picture

thank you for the perspective...the diarrhea metaphor is really a euphemism.

Thu, 09/17/2009 - 02:02 | Link to Comment Anonymous
Thu, 09/17/2009 - 02:30 | Link to Comment Miles Kendig
Miles Kendig's picture

I am reminded one again that there is no such thing as coincidence.

Thu, 09/17/2009 - 02:50 | Link to Comment Anonymous
Thu, 09/17/2009 - 16:06 | Link to Comment Anonymous
Thu, 09/17/2009 - 02:59 | Link to Comment Anonymous
Thu, 09/17/2009 - 08:49 | Link to Comment clotario
clotario's picture

So true, but 'the public' watches their prospects most of all.  And 'the public' (as well as the bankers approving their loans) has started to do rudimentary math.


The administration is hoping they can Confidence their way out of this hole, but with individual and corporate balance sheets the way they are it ain't gonna be that easy.

Thu, 09/17/2009 - 23:44 | Link to Comment Anonymous
Thu, 09/17/2009 - 09:22 | Link to Comment Marley
Marley's picture

Until the philosophy which hold one race superior
And another
Is finally
And permanently
And abandoned -
Everywhere is war -
Me say war.

That until there no longer
First class and second class citizens of any nation
Until the colour of a mans skin
Is of no more significance than the colour of his eyes -
Me say war.

That until the basic human rights
Are equally guaranteed to all,
Without regard to race -
Dis a war.

That until that day
The dream of lasting peace,
World citizenship
Rule of international morality
Will remain in but a fleeting illusion to be pursued,
But never attained -
Now everywhere is war - war.

And until the ignoble and unhappy regimes
That hold our brothers in angola,
In mozambique,
South africa
Sub-human bondage
Have been toppled,
Utterly destroyed -
Well, everywhere is war -
Me say war.

War in the east,
War in the west,
War up north,
War down south -
War - war -
Rumours of war.
And until that day,
The african continent
Will not know peace,
We africans will fight - we find it necessary -
And we know we shall win
As we are confident
In the victory

Of good over evil -
Good over evil, yeah!
Good over evil -
Good over evil, yeah!
Good over evil -
Good over evil, yeah!

Thu, 09/17/2009 - 03:22 | Link to Comment Anonymous
Thu, 09/17/2009 - 03:40 | Link to Comment ghostup
ghostup's picture

Can someone refer me to a chart that shows monetary base overlaid with some measure of total outstanding credit?  The reason that this astronomical rise in the monetary base won't cause inflation is the corresponding shrinkage of credit, no?

Thu, 09/17/2009 - 04:15 | Link to Comment Anonymous
Thu, 09/17/2009 - 09:10 | Link to Comment lookma
lookma's picture

Or maybe we'll have inflation because of a currency crisis.  Credit keeps contracting and the FED keeps printing until foreign makets yell uncle on the dollar.  Or maybe the US will step in first and formally devalue the dollar.

Thu, 09/17/2009 - 09:17 | Link to Comment Anonymous
Thu, 09/17/2009 - 04:01 | Link to Comment Anonymous
Thu, 09/17/2009 - 04:10 | Link to Comment Trading Nymph
Thu, 09/17/2009 - 07:31 | Link to Comment Careless Whisper
Careless Whisper's picture

Barclays ("former" employees) sets up a company called Protium Finance (I love that name) and loans it $12.6 Billion so it can buy $12.3 Billion worth of toxic assets from Barclays. No need to write down those assets -- they don't own them anymore. BRILLIANT.

Fri, 09/18/2009 - 03:53 | Link to Comment Trading Nymph
Trading Nymph's picture

Wonder how many others did the samething? Well, besides the USA and bond buying...ouch.

Thu, 09/17/2009 - 04:25 | Link to Comment McLuvin
McLuvin's picture

You've heard of the RACERs at Lehman, now Goldman has created a new vehicle for Middle Eastern sovereign wealth funds known as ASSETs:  Anally Secreted Securities for Eastern Targets.

Thu, 09/17/2009 - 07:07 | Link to Comment Anonymous
Thu, 09/17/2009 - 05:40 | Link to Comment Anonymous
Thu, 09/17/2009 - 07:17 | Link to Comment Anonymous
Thu, 09/17/2009 - 07:55 | Link to Comment blackebitda
blackebitda's picture
Thu, 09/17/2009 - 07:53 | Link to Comment blackebitda
blackebitda's picture


Thu, 09/17/2009 - 07:56 | Link to Comment I need more cowbell
I need more cowbell's picture

Diarrhea: an explosive discharge of liquid waste. Yeah, sound about right.

Thu, 09/17/2009 - 08:18 | Link to Comment putbuyer
putbuyer's picture

My bowels have never been the same after seeing

those rusty ship pictures yesterday - now this!

I'm in trouble.

Thu, 09/17/2009 - 09:12 | Link to Comment madmax
madmax's picture

From Bloomberg: China’s Pig Farmers Amass Copper, Nickel, Sucden Says

Pig farmers and other speculators may have amassed more than 50,000 metric tons, Jeremy Goldwyn, who oversees business development in Asia for London-based Sucden, wrote in an e- mailed report after a visit to China. That’s about half the level of inventories tallied by the Shanghai Futures Exchange, which stood last week at a two-year high of 97,396 tons.


Just when you thought things could not get any more absurd!

I guess I should stock pile FCX on the back of this news.

Thu, 09/17/2009 - 14:48 | Link to Comment Gilgamesh
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