TCW Says The Double Dip Is Here

In case you missed it...

Just because everyone wants to be on the good side of a Double D, from TCW:

Double Dip Is Here!

September 01, 2010

Komal Sri-Kumar

Webcast Details

Date: Wednesday, September 01, 2010

Time: 1:15pm PT / 4:15pm ET

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Dial In: [phone]
International Dial In: [phone]
Passcode: 16292396

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h/t @Morgan_03

Comments

[Thorlyx]

Double dip, bitchez !

[johngaltfla]

Quick, call the leprechaun Joe LaVorgna and wake him up. He called the last recession 8 months after it started. If we tell him now, maybe just maybe he'll call this one by next May.

[Turd Ferguson]

Looks like that Richmond Fed # just ripped out all the hard work the PPT had put in between 10:00 and 10:30.

[hedgeless_horseman]

Second chance...

http://www.youtube.com/watch?v=9PSKWCtzPuI

And if you are wrong, what then?  We wake up in the morning, our oil is gone.  We find that we have sold all we have in exchange for paper that is worthless.

1. Jaw boneing by the President.
2. Fed sells gold.
3. Capital controls.

[Ripped Chunk]

Good flick. Did not get promoted to hard when it was released as I recall................Wonder why?

[Clayton Bigsby]

let's file that one under "no fucking shit, sherlock"

[Mactheknife]

+10  LOL

[Bigger Dickus]

Here is what I think about this whole double D scenario:

http://www.youtube.com/watch?v=Lr_fL_GKk7A

[BobPaulson]

Cool. Get out the DJ 10000 hats again. v.666

[Cognitive Dissonance]

The PPT saved DOW 10,000 this morning. They may even save it tomorrow. But the trend is your friend and the trend in everything is down. So the odds are that within the next few days or weeks, we shall be looking "up" at DOW 10,000 in short order.

[firstdivision]

We will be green by the EOD at this rate.  We are up over 1% from the lows of the day.  This is just amazing at how much tax dollars are pissed away to sustain an artifical level that is going to collapse either way.  If this administration had any intelligence beyond making what is best for the IB's, they would not have pumped the market as hard as they did.  Credit contraction has been occuring since 2008 and yet our markets are almost at the same levels while this was occuring this year.  The market needs to drop to sustainable levels to stem this crazy volitilaty and get retail back into the markets.  They say not to fight the Feds, but the Feds will still lose to reality. 

<s>Isn't it awesome how many retail investors jump in at the sound of bad economic news</s>

[NumberNone]

I bet we would find it surprising how little (in relative terms) the PPT has to spend to prop up market.  Low volume and everything trading in tandem via HFT algo's...I bet the leverage points to trigger upticks is not as expensive as one would think.  Still huge sums of money to you and me...but small to an unlimited checkbook. 

[Bartanist]

Oddly enough though, it is not taxpayer money. The Fed is a private bank creating the money out of thin air, essentially buying equities at no cost. The Fed can print as much money as it wants at zero cost ... and just keep buying asset after asset after asset.

[BobPaulson]

Currency depreciation is a very crafty form of global taxation that the aforementioned private bank has had as a tool since WWII. Print a pile of monopoly money, dilute everybody else's and give it to yourself or friends. It's the same as being able to tax away holders of FRN's world wide. It's a neat trick since people don't even know how much they're being taxed. 

Any counter party agreement of value has its value resting on the assumption the issuer will honour the spirit of the issue and not keep coming back and diluting you. In startup companies, there are strict rules to prevent investors from intentionally being screwed this way by the board or majority shareholders (though share classes and other tricks are sometimes used as workarounds) but the Fed has only its "pristine" reputation to reign it in.

[papaswamp]

So lets see:

ICSC same store sales continued it's decline for the 4th week in a row (and it is back to school time).

-Housing was an absolute disaster

-Richmond fed declined again (declines in shipments, new orders and employment)

...what did I miss?

[doomandbloom]

but someone told me this would be a good buying opportunity...double the dip..double the buy :-)

[Henry Chinaski]

D^{^2}= d^{^1}+ QE + t

Volitility today is fascinating to watch.  I have been on the sidelines since about April...

[imokruok]

Indeed I did miss it. Was TCW on CNBC? Anyhow, they're late to the party.

Meh, nevermind. I see the CC link.

[Bill Lumbergh]

"Welcome to the Recovery".

[Howard_Beale]

Those TPS reports need to have cover sheets on them, Bill. Get the staff to comply immediately!

[George Costanza]

Remember when the Wall Street Pushers talked up the improving Second Derivatives ?    That helped boost an 80% rise in the S&P.   Now, second derivatives are a disaster, but no mention, ha ha ha

[MichiganMilitiaMan]

I am looking foward to all of the sophmoric DD comments, pictures and video throughtout the day!!

[Millennial]

Cactus Fuckers: 

CRAWLING IN MY SKIN THESE WOUNDS THEY WILL WILL NOT HEAL!!!!!!!111111

[aheady]

lol

[packman]

Being that the NBER never declared the first dip over - wouldn't this just be a continuation of the first dip?

Or is Heli-Ben our official economic indicator now?

[DosZap]

How can the Double "D" be here?...

Gold jumped $23.00 in 15 mins, and Slvr went up $.50!

Isn't it sposed to TANK, not go ^UP^?

[ColonelCooper]

I don't understand either, considering you can't spend it at the store, and you can't serve it at the dinner table.  Why/How could it possibly not be $900 right now?

[pauldia]

But Joe Biden and President Obama said this is the "summer of recovery"

[cat2]

Summer of hope.  Reach for hope is coming this fall.

[newstreet]

"He who sells what is'n his'n, must buy it back or go to prison"  D.D.

[EscapeKey]

Only down 75 points now. The PPT are hard at work.

[Dr Emilio Lizardo]

On a brighter note...banks do seem to be recovering nicely this year...

http://jsmineset.com/wp-content/uploads/2010/08/August2310Failures.pdf

[Millennial]

As Taio Cruz would say is his elegant and beautiful masterpiece about our Partier in Chief - Barack Obama:

I throw my hands up in the air sometimes
Saying AYO
Benny let's go!
I wanna celebrate and live my political life
Saying AYO
Benny, let's go!

'Cause we gon' rock this Economy
We gon' go all night
We gon' light it up
Like it's dynamite
Cause I told you once
Now I told you twice
We gon' light it up
Like it's dynamite

I came to move, move, move, move
Get out the way me and my crew, crew, crew, crew
I'm in the WH so I'm gonna do, do, do, do
Just drop the dollars, came here to do, do, do, do

[lsbumblebee]

Double dip. Isn't that when Cramer and Steve Liesman stand next to each other?

[Sudden Debt]

TACCO DIP! WITH 3000.000 CALORIES!

[DowtingBull]

Double Dip is here? About effing time. They'll soon realise it was L-shaped all along.

[newstreet]

New low in EU/CHF

[Grand Supercycle]

Updated S&P500 chart showing head and shoulders with target.

http://stockmarket618.wordpress.com

[SheepDog-One]

Lock n load, bitchez!

[SilverIsKing]

I'm coining the phrase, "TRIPLE DIP"

When that becomes part of the vernacular, I'm gunna be a rich son of a bitch.

TRIPLE DIP, BITCHEZ!

[Lucky Guesst]

Has anyone coined vertical drop yet?

[Winston Smith 2009]

Sorry, we never really got out of the first dip because the dipshits who got us into this kicked the end game can down the road.

[Mad Mad Woman]

We never left the first dip, the former middle-class Americans will tell you that. 

[Lucky Guesst]

http://www.youtube.com/watch?v=JblhItuiCxY

[Herry12]

Thanks for such a great post and the review, I am totally impressed! Keep stuff like this coming!...
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