• 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...

Rosenberg Explains "Why We Should Be Worried"

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Mon, 07/18/2011 - 14:06 | 1467142 Caveman93
Caveman93's picture

I have no job, no home equity, no prospects for a job that pays well, but my FICO is 780. All is well. Sorry I cannot play.

Mon, 07/18/2011 - 14:11 | 1467167 I am Jobe
I am Jobe's picture

Well USA is the right place to be in. Bail out Nation USSA.

Mon, 07/18/2011 - 14:21 | 1467223 TBT or not TBT
TBT or not TBT's picture

Well we do get most of "our" oil from this hemisphere, and do have a helluva military and very weak neighbors, push come to shove about the security of supply to run what's left of our economy and AGRICULTURE production. As to who else you'd rather be, well, NOT in Europe is a good starting answer(no oil and no military), and NOT in any country dependent on food imports and both militarily weak and oil poor(e.g. Egypt...).

Mon, 07/18/2011 - 14:48 | 1467382 Bonesetter Brown
Bonesetter Brown's picture

Absolutely.  Real politik.

And all good arguments for a Germany/Russia tie-up if and when we a split in the Euro group.

Mon, 07/18/2011 - 14:23 | 1467240 HITMAN56
HITMAN56's picture

"Do you have any conceivable reason for getting up in the morning"                              

 "I like to get the Daily News"

Mon, 07/18/2011 - 16:06 | 1467785 RafterManFMJ
RafterManFMJ's picture

Sure you can play!

1. Get a credit card,

2. get cash advance,

3. go to coin store.


5. profit!

Mon, 07/18/2011 - 18:26 | 1468204 Infinite QE
Infinite QE's picture

6. File BK and have free gold/silver!

Mon, 07/18/2011 - 18:32 | 1468225 Buck Johnson
Buck Johnson's picture

Well you are one of the few, not to many can say they have a FICO score of 780.  But minus that, you are in the same boat as alot of other people.  But if you look anything like your avatar, you won't have to much trouble finding help.

Mon, 07/18/2011 - 14:08 | 1467148 Mineshaft
Mineshaft's picture

Its Just A Fleshwound!



Mon, 07/18/2011 - 14:08 | 1467150 djsmps
djsmps's picture

Can everyone just quit saying "kicked down the road", "kicking the can down the road" or any other version. This is now the single most uttered phrase in the media.

Mon, 07/18/2011 - 14:16 | 1467175 hedgeless_horseman
hedgeless_horseman's picture

It is the preferred euphemism for, "fuck our children and grandchildren," which for obvious reasons didn't poll well with the focus groups.

Mon, 07/18/2011 - 14:16 | 1467205 LeBalance
LeBalance's picture

oh, it won't be nearly that long.

Mon, 07/18/2011 - 14:50 | 1467395 Cleanclog
Cleanclog's picture

"Repudiation" is the most succinct word - if only MSM would use it.

Debt repudiation will be happening on a very large scale:

Countries ala Greece and many more.

State and Local governments also on a very large scale even if Meredith's call hasn't panned out. 

Banks and other financial institutions (drop the dividends again) despite CNBCs continual drone that they are trading under book value but don't bother to "report" (ha ha ha like they ever really do any real reporting beyond PR promulgation) that book value is phonier than boloney (and just think about how boloney is concocted) with very few of their underwater assets are accurately market marked or accounted for with fair true value. 

Households as they remain in the houses they can't afford but banks don't foreclose on.

Pissed off police, firefighters, teachers, medical providers growing.  Repudiation of duties will be rolling out soon there too.  Look around.  Start making friends with farmers or start growing your own.


Mon, 07/18/2011 - 20:37 | 1468574 Milestones
Milestones's picture



To the point; succinct!-and on target.       Milestones

Mon, 07/18/2011 - 14:14 | 1467193 Sofa King
Sofa King's picture

I think a more proper phrase for what is going on is "Hiding the Pickle".

Mon, 07/18/2011 - 14:16 | 1467201 tbone654
tbone654's picture

after transitory

Mon, 07/18/2011 - 14:16 | 1467206 carbonmutant
carbonmutant's picture

Procrastination Bitchez...

Mon, 07/18/2011 - 14:38 | 1467312 WoodMizer
WoodMizer's picture

you mean,



Porn is the only industry still hiring.

Mon, 07/18/2011 - 15:32 | 1467626 downrodeo
downrodeo's picture

...uhh, excellent... I've been looking to change careers.


Where do I sign??

Mon, 07/18/2011 - 14:16 | 1467210 Dirtt
Dirtt's picture

Okay.  I'll be your Huckleberry.

"Kick it up the 710 Freeway until you reach South Pasadena." And you can quote me on that.

Rosenberg will ALWAYS have a special place in my heart. Q4 2007 was HUGE in my life.

Mon, 07/18/2011 - 14:32 | 1467275 DonnieD
DonnieD's picture

"Hope and Change" is dead and buried.

Mon, 07/18/2011 - 15:02 | 1467476 chunkylover42
chunkylover42's picture

how about kicking the grenade down the road, since that's a far more accurate description of what we're doing...

Mon, 07/18/2011 - 15:28 | 1467609 duncecap rack
duncecap rack's picture

Somebody suggested "rolling the turd down the road" a while ago. I like that one.

Mon, 07/18/2011 - 15:54 | 1467725 TexasAggie
TexasAggie's picture

Has this replaced "Unexpected" by the LSM?

Mon, 07/18/2011 - 14:08 | 1467151 IQ 145
IQ 145's picture

 My favorite quote on Bonds is from Franz Pick (sp.?), "Bonds are instruments of guaranteed confistication". The person, entity, on the other side of the contract, is also the person who gets to decide how much the monetary units are worth when you cash it in. It's a fools game in an inflationary world. Silver is telling us what the world thinks about the near term future.

Mon, 07/18/2011 - 14:08 | 1467152 YesWeKahn
YesWeKahn's picture

Just look at AAPL, AMZN, and all the other junks, there is NOTHING to worry about.

Mon, 07/18/2011 - 14:19 | 1467187 plocequ1
plocequ1's picture

I just ordered a another Macbook pro to take the place of my PC. Life is still chugging along. Barclays was right there to offer me 0% financing for 12 months. God bless AAPL and Barclays . I hope i am still alive to accept delivery.

Mon, 07/18/2011 - 14:28 | 1467263 YesWeKahn
YesWeKahn's picture

Do they take your life insurance as collegial? lol

Mon, 07/18/2011 - 14:09 | 1467154 jus_lite_reading
jus_lite_reading's picture

I cant help myself... my daily read besides zerohedge has another great article that scares the bajezzus out of me today!!! ANOTHER WHORE HOUSE IDIOT says we need MORE STIMULUS then we have the WHOLE EU BURNING WHILE THE sheeple GET ALL EXCITED ABOUT JUSTIN BIEBERS CRASHING A FUCKING WEDDING WHO GIVES a flying rats shit about that when the whole SHIT STORM is about to BLOW!!!!


and for BIEBER



Mon, 07/18/2011 - 14:11 | 1467168 SheepDog-One
SheepDog-One's picture

The world teeters on the edge of the brink while most people have no idea and are only concerned about Justin Biebers latest antic and some white trash chick who killed her kid and got away with it. Bread and circuses, just more modern over an Iphone Tweet.

Mon, 07/18/2011 - 14:21 | 1467224 jus_lite_reading
jus_lite_reading's picture

I find peace here at zerohedge because I find people like you who undertand WTF is going on and that gioves me hope in the future!!! I must have referred zerohedge to over 1000 friends and colleagues to wake them the fuck up now before it is too late! The peoblem I find is that they find the news too depressing to even think about and they rather NOT KNOW because they KNOW something bad is coming.... but I know when the shit hits the big fan they will be running to people like us for help.... i will help them but after i rub it in their face!!!!

Mon, 07/18/2011 - 14:09 | 1467155 SheepDog-One
SheepDog-One's picture

Rosie just come out once and for all and admit the REAL safety is in personal protection gear- M40 gas masks and CBR suits, guns ammo and PM's!

Mon, 07/18/2011 - 14:12 | 1467172 Silver Dreamer
Silver Dreamer's picture

This thing is definitely getting ready to go nuclear.

Mon, 07/18/2011 - 14:23 | 1467237 jus_lite_reading
jus_lite_reading's picture

YUP!! I think silver hits 80 by ocotber...

Mon, 07/18/2011 - 14:22 | 1467232 TBT or not TBT
TBT or not TBT's picture

And food and trade goods.

Mon, 07/18/2011 - 14:13 | 1467159 Zero Govt
Zero Govt's picture

so let me boil this down: we should be uber-worried because politicians, the public sector, Govt, the EU/EC, the Judiciary and Police, Regulators, Central Bankers and over-leveraged retail banks, all the propped-up corporate crones and vested interests could/will implode under the debt mountain

Er, forgive me i can't see a problem here, i see the solution

Answers on a Postcard to: Feet Up with Popcorn, Chill-Out Lounge Dept., Grim Reeper Street, Capitalism Rules. Postcode: GOVT RIP

Mon, 07/18/2011 - 14:10 | 1467160 Careless Whisper
Careless Whisper's picture

Well things over in China seem ok. SINA Weibo which is twitter x 3 now has advertisers contacting celebrities for product placement, for a nice fee of course, about 100,000 renbibies.




Mon, 07/18/2011 - 14:11 | 1467171 IQ 145
IQ 145's picture

 "Italy's bond yields don't reflect reality"---No bond yield reflects reality> "reality,?; you couldn't handle reality". A Bond yield that reflected "reality" would be very interesting; but there aren't any; yet.

Mon, 07/18/2011 - 14:14 | 1467190 I am a Man I am...
I am a Man I am Forty's picture

hey reggie! check this out and apple's stock price.


Mon, 07/18/2011 - 14:22 | 1467234 I am a Man I am...
Mon, 07/18/2011 - 14:14 | 1467191 A Lunatic
Mon, 07/18/2011 - 14:26 | 1467256 GoinFawr
GoinFawr's picture

Is it just me or is that article essentially a doublethink saying 'borrow more of what you don't have or we'll downgrade your credit rating'?

Mon, 07/18/2011 - 14:36 | 1467298 A Lunatic
A Lunatic's picture

I'm not sure how eliminating the debt ceiling would curb uncertainty over whether or not the U.S. can meet it's debt obligations. They just don't want their laundry aired in public any longer. Some solution.

Mon, 07/18/2011 - 14:43 | 1467349 ebworthen
ebworthen's picture

Strange, isn't it?

Kind of like your individual "credit rating"; the more you borrow the better your credit.


Or, any state or federal funds in a yearly budget that aren't spent means that you get that much less funding the next year; so if you waste money you get more.

What kind of madness is this, exactly?

Mon, 07/18/2011 - 14:15 | 1467196 carbonmutant
carbonmutant's picture

Deflation is being hidden behind the declining lack of product choices and empty shelves.

Remember the dot.com days?

Disappearing distribution channels...

Mon, 07/18/2011 - 14:18 | 1467213 tbone654
tbone654's picture

Disappearing "profit motive"...

Mon, 07/18/2011 - 14:18 | 1467203 bank guy in Brussels
bank guy in Brussels's picture

David Rosenberg writes:

« ... It is now coming to the fore that al Qaeda has been planning another attack on U.S. soil ... »

Always sad to see somewhat smart people falling for the Al - CIA - da, the American government-sponsored 'false flag' terra-rism.

Here's some people who see it - in a classic, hilarious tune, with a great video, the Mos Def - Immortal Technique - Eminem rap classic, about 11 September 2001:

« Bin Laden didn't blow up the projects ... Bush knocked down the Towers ... »


Mon, 07/18/2011 - 14:22 | 1467226 Silver Dreamer
Silver Dreamer's picture

10 year anniversaries FTW!

Mon, 07/18/2011 - 14:49 | 1467383 Reptil
Reptil's picture


we want a new scam

all those trillions in funding and this is what they come up with?

Mon, 07/18/2011 - 14:55 | 1467424 Vergeltung
Vergeltung's picture

nothing smells worse that a 9-11 truther retard.


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