Rosenberg Explains "Why We Should Be Worried"

Tyler Durden's picture

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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.

I am Jobe's picture

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

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...).

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.

HITMAN56's picture

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

 "I like to get the Daily News"

RafterManFMJ's picture

Sure you can play!

1. Get a credit card,

2. get cash advance,

3. go to coin store.

4...

5. profit!

Infinite QE's picture

6. File BK and have free gold/silver!

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.

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.

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.

LeBalance's picture

oh, it won't be nearly that long.

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.

Repudiation!  

Milestones's picture

H.H.

 

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

Sofa King's picture

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

carbonmutant's picture

Procrastination Bitchez...

WoodMizer's picture

you mean,

procrasterbation

 

Porn is the only industry still hiring.

downrodeo's picture

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

 

Where do I sign??

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.

DonnieD's picture

"Hope and Change" is dead and buried.

chunkylover42's picture

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

duncecap rack's picture

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

TexasAggie's picture

Has this replaced "Unexpected" by the LSM?

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.

YesWeKahn's picture

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

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.

YesWeKahn's picture

Do they take your life insurance as collegial? lol

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!!!!

http://fiatsfire.blogspot.com/2011/07/just-another-manic-monday-eu-inches.html

and for BIEBER

http://news.yahoo.com/roll-call-justin-bieber-selena-gomez-crash-wedding-173436804.html

 

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.

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!!!!

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!

Silver Dreamer's picture

This thing is definitely getting ready to go nuclear.

jus_lite_reading's picture

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

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

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.

http://shanghaiist.com/2011/07/18/you_have_to_be_living.php

 

 

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.

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'?

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.

ebworthen's picture

Strange, isn't it?

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

Huh?

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?

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...

tbone654's picture

Disappearing "profit motive"...

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 ... »

http://www.youtube.com/watch?v=6bdr_2IAJWU

Reptil's picture

boooooh!

we want a new scam

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

Vergeltung's picture

nothing smells worse that a 9-11 truther retard.