Sean Corrigan Explains Why "This Cannot End Well"

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Sun, 06/12/2011 - 21:29 | 1363838 I think I need ...
I think I need to buy a gun's picture

cannot end well bitchez

Sun, 06/12/2011 - 21:37 | 1363850 SparkyvonBellagio
SparkyvonBellagio's picture

Lehman / WaMu


Put on your radars and think about it.


Sun, 06/12/2011 - 23:11 | 1363972 bigdumbnugly
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on a long enough timeline...

Sun, 06/12/2011 - 23:32 | 1363994 TruthInSunshine
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I'd hate to see Obama being generous to  Wall Street...

Seriously...could they have had it any better?


Obama Seeks to Mend Fences and Win Back Wall St. Cash By NICHOLAS CONFESSORE 10:19 PM ET

President Obama has started an aggressive push to win back the allegiance of a vital source of campaign donations in 2008.



Sun, 06/12/2011 - 23:42 | 1364009 bigdumbnugly
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need bonzai or someone to put up a pic of Barry O stumbling around in a sailor's suit with a bottle of rum in one hand and throwing money to the four winds with the other.

Mon, 06/13/2011 - 02:10 | 1364153 ebworthen
ebworthen's picture


Goldman Sachs as #2 contributor to Obama's campaign, three TBTF banks, Morgan Stanley, UBS, couple of elitist Universities all in the top 12; how could Obama possibly be bought or in anyone's pocket?



Mon, 06/13/2011 - 13:14 | 1365171 Ned Zeppelin
Ned Zeppelin's picture


Why would the TBTF banks not support Obama. He has given them everything they want, carte blanche if you will.  He is their servant.  I think this is alot of noise over some other less obvious topic in the agenda havign to do with what comes next. 

Sun, 06/12/2011 - 21:37 | 1363844 takeaction
takeaction's picture

Prepare is coming. 

These are the people that will be at your front door!

Mon, 06/13/2011 - 09:30 | 1364554 fiftybagger
fiftybagger's picture

Walmart sells a lot of ammo too

Sun, 06/12/2011 - 21:35 | 1363846 buzzsaw99
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undeniable evidence of the deterioration in the economic environment may coincide with widespread investor distrust to provide a rather salutary end to this latest stage of the Sinomania...

emerging markets bitchez!

Sun, 06/12/2011 - 21:55 | 1363858 lawrence1
lawrence1's picture

Interesting analysis on China, suggesting they are in real trouble... and not likely to be a world saviour.  Always such conflicting, opposing views about China.  What´s happening with the Baltic Dry Index?  Im going to look at that now, but would welcome comments and interpretations of that.


Sun, 06/12/2011 - 22:07 | 1363883 lawrence1
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Quick research found charts showing the BDI falling against gold, oil and the continuous commodity index. An article suggests that the end of QE2 and the fact that the BDI is around its 2008 lows suggest the end of the commodity boom with the possible exception of gold and silver.  Look like a strong possiblity of a world wide recession to me but Im just a novice trying to understand and protect my meagre wealth.

Sun, 06/12/2011 - 22:39 | 1363934 zaknick
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The American and European middle classes are no kore. You can see on the charts just how closely China's exports track the banksters' housing bubble. Chinas boom was engineered by the banksters and there are no more factories to offshore. The deindustrialization of Amerika is complete.
Now comes the ugly part.

Mon, 06/13/2011 - 00:01 | 1364042 cosmictrainwreck
cosmictrainwreck's picture

I just love the ugly parts of the movie.... tell me more! My guess, as I've posted many times, is major Chinese implosion. There simply is nowhere any more to put all that silly shit they make. The Great American Consumer - engine of world prosperity - aside, seriously....where the fuck ya gonna put all that shit? Well, I guess the Great Leaders will make a way - always do. Get everybody out of the factories and have half dig holes & other half fill 'em in. Full employment. Listen up, O'bummer!

Mon, 06/13/2011 - 00:18 | 1364064 G-R-U-N-T
G-R-U-N-T's picture

I know plenty of places "to put all that silly shit they make". Get Creative. Up Al Gore's ass may be a start...


Mon, 06/13/2011 - 01:43 | 1364138 jeff montanye
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why you pickin on al?  he never even got to be prez.  how about the last two "poti"?

Mon, 06/13/2011 - 17:08 | 1365787 FlyPaper
FlyPaper's picture

Let's see, hmmm, Al Gore.  

He created of the internet.  He sponsored of 'fancied up' global warming based on deliberately altered data.  He was hoping like hell to make a mint off the carbon tax; same Al who flies around in a corporate jet and gets to ride in a limo.... whilst preaching to others how they must reduce their carbon footprint whilst burning many multiples of other's carbon 'allocation.' 

Just because he's didn't get the Prez job doesn't mean he's not a "typical" politician with self-absorbed motives (thanks to tutelage under the Sith Lord Clinton).  

Maybe that's why the writer don't like ole Al ?

Mon, 06/13/2011 - 01:47 | 1364139 jeff montanye
jeff montanye's picture

why you pickin on al?  he never even got to be prez.  how about the last two "poti"?

Mon, 06/13/2011 - 08:20 | 1364378 falak pema
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potties for ex-potis? They'll need it after he's finished with stuffing them full!

I can practically hear him "grunt".

Sun, 06/12/2011 - 22:17 | 1363864 akak
akak's picture

Sean Corrigan, you are such a Debbie Downer --- I would much rather have breakfast with Leo, or even hang with RobotTrader in his low-rent, freeway-overlooking ghetto studio apartment!  Hell, throw in Methman, Spalding and Texas Shitslinger, and it would REALLY be a party --- we could start our very own ZH chapter of RA (Realists Anonymous).

Sun, 06/12/2011 - 22:16 | 1363906 Yen Cross
Yen Cross's picture

  The Chinese can do what ever they want. It's a thing called DEBT SURPLUS. 


          The last time the US of A holes had it on paper was Slick Willys internut accounting in the late nineties.

Mon, 06/13/2011 - 01:46 | 1364141 jeff montanye
jeff montanye's picture

be careful what you wish for.  the two prior countries/times where one nation had as much relative foreign exchange/debt surplus were the u.s. in 1929 and japan in 1989.  oops.

Sun, 06/12/2011 - 22:35 | 1363929 sagerxx
sagerxx's picture

All analysis of his analysis aside: holy crap, can this cat WRITE!

Re the analysis: this won't end well -- yah, I've known it since about five years ago. It pleases me not at all, but I'm ready.

Viva -- Sager

Mon, 06/13/2011 - 01:10 | 1364104 Yen Cross
Yen Cross's picture

 ya smell like water and vinagar.

Sun, 06/12/2011 - 22:45 | 1363936 aminorex
aminorex's picture

the profligacy of the state is so retarded.


Mon, 06/13/2011 - 01:11 | 1364105 Yen Cross
Yen Cross's picture

 Pro- lifigate?


    Work smarter?

Mon, 06/13/2011 - 08:12 | 1364364 falak pema
falak pema's picture

As the great Marlon Brando once said : when in doubt just clears the mind. Spoken like a true frustrated intellectual who was "labelled" Stanley Kowalski; and suffered from his double personality. Unfortunately, its a two way game when living with wives, not hookers, and it ended often in divorce for those who thought "practice makes perfect"...

I don't know why I'm telling you this...but who's done and said.

Sun, 06/12/2011 - 22:52 | 1363941 Seasmoke
Seasmoke's picture

i understood this when i was 3YO and i read.....


Humpty Dumpty sat on a wall

Humpty Dumpty had a great fall

All the Kings horses and All the Kings men

Couldnt put Humpty Dumpty back together again

Mon, 06/13/2011 - 01:13 | 1364107 Yen Cross
Yen Cross's picture

 Nersury Rymes (Nursery Rhymes).  Interesting?

Sun, 06/12/2011 - 23:20 | 1363983 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

You can't have a prosperous society that prints money in forms of debt giving it to the lucky few who piss it away. This is true in the US, Europe and China.

Mon, 06/13/2011 - 00:22 | 1364069 G-R-U-N-T
G-R-U-N-T's picture


Sun, 06/12/2011 - 23:28 | 1363990 Baptiste Say
Baptiste Say's picture

Let's hope that China isn't really "planning to relieve its banks of up to $450B".


Defaulted loans is what China does need. $250'000 homes in a land of $5000 incomes is not what China needs.


If some of the banks were to go bankrupt this would destroy a bunch of ones and zeros, it would not destroy the incredible manufacturing capacity of China and nor would it destroy the massive human capital and entrepreneurial spirit in the far east and a side effect would be commodity prices falling a huge amount.

Sun, 06/12/2011 - 23:33 | 1364000 Yen Cross
Yen Cross's picture

 B/S it will be orderly. 5's and sevens will be next. Then 3's.

Mon, 06/13/2011 - 01:52 | 1364143 jeff montanye
jeff montanye's picture

don't forget 4 is death.

Sun, 06/12/2011 - 23:42 | 1364008 AgShaman
AgShaman's picture

Is it ok if I just read the comments on this one?

I've already had a few beers....and I'm such a lightweight these days

I promise to make a payment the article later.

Mon, 06/13/2011 - 00:22 | 1364070 Yen Cross
Yen Cross's picture

  Quit drinking. Jet lag and Mind Set  work the best!

Sun, 06/12/2011 - 23:54 | 1364036 RobotTrader
RobotTrader's picture

Risk Assets are rolling over in Asia again.

Mon, 06/13/2011 - 00:04 | 1364050 bankonzhongguo
bankonzhongguo's picture

Well golly, with all those new FBI powers to just root around in anyone's business without rhyme, reason or cause, I'm sure all those banksters will be shaking in their boots to amend their ways.

Its official. 

Call the FBI the "Secret Police" from now on.

Hear and see that?

That's your country going down the drain.



Mon, 06/13/2011 - 01:11 | 1364109 Yen Cross
Yen Cross's picture

  You are Multi Vowell.   Get it?  B- some thing?

Mon, 06/13/2011 - 01:59 | 1364149 ebworthen
ebworthen's picture


The lust of the greedy narcissists worldwide is setting up the rest of the world for a world war.


Mon, 06/13/2011 - 08:15 | 1364368 falak pema
falak pema's picture

"The war of the buttons" ...great film.

Mon, 06/13/2011 - 09:29 | 1364537 oddjob
oddjob's picture

 'greedy narcissists'

Like that asshole who continually posts pictures of himself with his articles on ZH.



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