The Ten Things That Would Make David Rosenberg Bullish On America

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Fri, 01/21/2011 - 10:54 | 893086 Alcoholic Nativ...
Alcoholic Native American's picture

1. Rampant Fraud



Oops I thought they were talking about wall street.  America done, stick a fork in her.

Fri, 01/21/2011 - 10:56 | 893104 Malcolm Tucker
Malcolm Tucker's picture

Here is a profanity laced tirade by Joe Rogan (of UFC fame) on the American war machine:


Fri, 01/21/2011 - 11:47 | 893304 GeorgeHayduke
GeorgeHayduke's picture

Good video. I'd say he is dead on.

Fri, 01/21/2011 - 20:51 | 894936 Hephasteus
Hephasteus's picture

Yes and it goes to how massive the problem is. TOOO many awake people. Any sane person would fold and just go live quietly somewhere and think about what they've done. But not these people. Protect yourself.

Fri, 01/21/2011 - 11:16 | 893170 SilverRhino
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Funny how little things like RULE OF LAW or maybe universal enforcement of said law would help out but aren't mentioned.

Glass - Steagal II would be a shot in the America's arm as well.  



Fri, 01/21/2011 - 11:54 | 893335 GeorgeHayduke
GeorgeHayduke's picture

Good point Silver Rhino. Except that would make it way too obvious that there are TWO sets of rules and laws in this country. One set for us, and another set for them...and their set doesn't really include punishments. It would blow the whole "classless" society BS right out the window.

There is no way any high school or college civics or government class teacher can present the same shit I was taught in those classes in the late '70's & early '80's without complete cognitive dissonance.

I just wonder how long we wait until the peasants decide to impose their own laws on their owners. More strife is obiously needed...along with less high-fructose corn syrup and mainstream media propaganda.

Fri, 01/21/2011 - 13:45 | 893760 caconhma
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It is absolutely incredible that brainless "experts" seriously think in BS that changing the Tax code will drive America to prosperity.

There is no bright future for America being a lawless society. Only country living by a sound Rules of Law has a future. Unfortunately, America today is a lawless society where theft and crimes are handsomely rewarded.

People must be encouraged to be industrious and the success must be rewarded instead of stolen away.

Fri, 01/21/2011 - 11:50 | 893318 Gigliola Cinquetti
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The "cuisson" is not finished until you have turned it over .

Fri, 01/21/2011 - 10:54 | 893097 pton09
pton09's picture

Can somebody ask Rosenberg why I want to hold longterm US paper in the face of these problems?

Ben has already told you he will print and print, I see no reason in holding an asset that has no intrinsic value or scarcity of any kind. 

Fri, 01/21/2011 - 11:55 | 893338 pslater
pslater's picture

"Can somebody ask Rosenberg why I want to hold longterm US paper in the face of these problems?"

Because the deflation argument will rule the roost.  Notwithstanding the hyperinflationary effects of the Fed's money printing, the USD will be the last fiat currency to tank.  Until then, the Fed is a very powerful adversary.

Think about it.  Why is the bernank so afraid of deflation?  Because that's what's happening.  Much if not all of the recent rise in commodity prices is the direct result of the CB's money printing - not supply/demand imbalances.  When the Fed ultimately runs out of bullets and/or the banks are finally made to take the losses that mark to myth tries to hide, deflatio will rear it's ugly head in a big way.  This will push long term Treasury yields down somewhere around 2% producing 25-30% returns for those who buy at the rates we have today.

Fri, 01/21/2011 - 12:22 | 893424 The Limerick King
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Rosie has got to be bold

Stop turning from hot then to cold

Stick to the knitting

And stop the bullshitting

All paper will give way to gold!

Fri, 01/21/2011 - 10:55 | 893102 dick cheneys ghost
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how about ending the damn wars. 

Fri, 01/21/2011 - 11:00 | 893110 Alcoholic Nativ...
Alcoholic Native American's picture

Are you kidding? Do you realize what the unemployment rate would be?  Ending the perpetual wars is off the table.

Not to mention some of our most patriotic globalist have a lot of stocks in the war industry.

Fri, 01/21/2011 - 21:00 | 894961 Arkadaba
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I haven't done the math but yeah bringing all servicemen home would definitely swell the ranks of the unempoyed.

Fri, 01/21/2011 - 11:12 | 893149 Oh regional Indian
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Wars rarely have negotiated endings. See WWII as best example. Had to finish it with a super wave of atomic killings.

War will start to become more overt in the months to come. Watch UN Blue Helmet fascist soldiers start to pop up everywhere.

It's in the script. Will make all this meaningless.


Fri, 01/21/2011 - 11:00 | 893116 buzzsaw99
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No offense but I don't think I like rosie very much.

Fri, 01/21/2011 - 11:07 | 893129 monsterfiver
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Revamp the lobbying mechanism to force it to appeal to the people, who then armed with information can vote accordingly how they see fit, ending corporate stranglehold on government.

Let TBTFs fail. Smaller pieces will lead to competition and innovation.

Fri, 01/21/2011 - 11:08 | 893132 pat53
pat53's picture

AAhh, right on schedule.. LOL You can now count on the rally picking up steam whenever supermoron "Rosie" opens his yap !  LOL Why doesn't this clown go find a real job, he hasn't a clue what he's doing now...which is losing his clients money... great job dickhead !!!  LOL

Fri, 01/21/2011 - 11:11 | 893145 satansanus
satansanus's picture

some mind bending sexy florida ladies, to please him until he is hungry, would solve all his concerns about the greatness of the US


America is THE best

Fri, 01/21/2011 - 11:12 | 893151 Mrmojorisin515
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none of that makes a difference without a reform of the currency, we'll just be back where we are now in a few short years.

Fri, 01/21/2011 - 11:12 | 893152 e_goldstein
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Or we could end the FED, make it illegal for the government to borrow, and come up with a currency backed 1:1 by gold and silver.


Fri, 01/21/2011 - 11:13 | 893153 onlymyopinion
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Perhaps he'll see the light when the Snp's are printing 1400+ later this year.  I doubt by then he'll have many clients left. 

Fri, 01/21/2011 - 11:15 | 893162 TraderMark
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So Rosie will never be bullish on the U.S.

Fri, 01/21/2011 - 11:18 | 893178 FoieGras
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"Remember, we have witnessed a bear market rally, not the onset of a full-fledged secular bull market"

Rosie has been using that line since SPX 850 in 2009. Who cares if this is a bear market rally? You go long when the trend turns and you stay long until it turns down again. And when it breaks down you go short and see how far it goes. I don't understand the benefit of analyzing if the "rally is overdone" or - in the opposite case - "the sell-off is an exaggeration". 

Fri, 01/21/2011 - 11:30 | 893224 johngerard
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absolutely spot-on. just trade it. who gives a shit? apart from people on the other side of the trade going nuts because they got it wrong...

Fri, 01/21/2011 - 11:22 | 893190 steve from virginia
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I don't like the list. Too money and credit centered. Too stock- market oriented.

Energy conservation has to be at the top of the list since that is what's coming like it or not.

Any list that doesn't include agriculture reform and getting rid of the carz is just entertainment, folks.

Fri, 01/21/2011 - 16:07 | 894297 Plainview
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Absolute nonsense, move the cars to LNG and you're away again.

Fri, 01/21/2011 - 11:31 | 893228 Kina
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"Remember, we have witnessed a bear market rally, not the onset of a full-fledged secular bull market"


We have experienced a Bernanke Market interlude of a bear market that will resume as soon as his printing press is confiscated by the adults at the asylum.

Fri, 01/21/2011 - 11:31 | 893229 Fish Gone Bad
Fish Gone Bad's picture

It's January again, must be time for lists.

Fri, 01/21/2011 - 11:32 | 893236 Pure Evil
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To sit there and say we need bookoo more immigrants just doesn't wash. We've allowed millions of legal and illegal immigrants to come to this country and we still ended up in a depression of monumental proportions.

We have millions of unemployed US citizens and we still have an open border policy of allowing approximately 1.5 million immigrants to move to this country legally per year. I don't even want to think about the number of illegals and visa overstayers.

If we continue to allow people whether educated or not to come to this country and take jobs of US citizens, then exactly what do the elite expect Americans to do. They've ship our jobs overseas and continue to insource foriegn labor to take our jobs in this country. What do I have to do to remain employed, move to China?

And to say that the Japanese immigration policy is what caused their 20 year economic doldrums is beyond incredulity. The one thing he failed to mention is exactly how importing millions of immi

Fri, 01/21/2011 - 11:49 | 893311 Stuck on Zero
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Amen.  Immigrants fill the welfare rolls, fill the prisons, fill the hospitals and emergency wards, overcrowd facilities, require scholarships and government assistance at every level.  Watch California go broke under the crushing load. The biggest load from immigration aside from all of that is the need for huge increases in infrastructure to support a growing population. 

Fri, 01/21/2011 - 12:02 | 893362 unununium
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You will get your wish.  Illegal immigrants will go home when we want their crop-picking jobs back for ourselves.

Fri, 01/21/2011 - 12:50 | 893512 The Alarmist
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Come on now, immigrants are doing the "jobs" that many hard-working, honest American families won't do, like being on welfare, committing crimes and using up all the medical care at someone else's expense. As soon as all the decent citizens give up trying to avoid doing these hard tasks that our overlords demand of us, the sooner the immigration issue will be mooted.

Fri, 01/21/2011 - 21:20 | 894993 Arkadaba
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What DR is referring to is longer term demographic trends. Sorry but the US does have a huge swath of people either about to retire or be retired. 

As someone who has worked in the states as a legal "immigrant" - we pay our own way and contribute to GDP. And honestly, after working in the US for almost a decade - your education system sucks. I met a few very bright people but the rest .... well? I'm looking at the rest of the world for both investment and job opportunities. 

And btw, on a visa you cannot get any social benefits. 


Fri, 01/21/2011 - 11:41 | 893276 deepsouthdoug
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Maybe 1 of 10 - the tax policy freeing up capital for the corporations.  Bribe the Congresscritters enough, and this will get through.  


So Rosie can be a 1/10 bull!

Fri, 01/21/2011 - 11:47 | 893278 DrLamer
DrLamer's picture

Looks exactly like a "Program of Communist Party, adopted by XXV Congress of CPSU".

I have read them a lot.

And .... "America" in title is written incorrectly. Correct writing is AmeriKa. This is a new AmeriKan English rule, adopted by the MAJORITY of US people and adopted by most Zerohedge readers.


Fri, 01/21/2011 - 12:17 | 893414 Gigliola Cinquetti
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Fascist nations should adopt runic spelling to honour tradition

Fri, 01/21/2011 - 11:52 | 893299 Jerry Maguire
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Nice, Mr. Rosenberg.  You can dream, can't you.

Still, the jubilee part shouldn't be a pipe dream.  It would, however, have to be a constitutional amendment for lots of legal reasons that probably are not that important overall.  You can read about it, if you haven't already, here:

And following posts.  This would be politically bottom-up.  That makes it far more unlikely, unless the populace develops some coherence and backbone.  But at least it's different from the usual.

On a related subject, I don't think it's possible or necessary for a state to go bankrupt; what are the creditors going to do - seize the statehouse?  in fairness they should explcitly repudiate debt, though.  Nevertheless, the fact that this is even being contemplated could generate more interest in the jubilee idea.  See here:


Fri, 01/21/2011 - 11:56 | 893341 RobotTrader
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Poor Rosie.

Hosed down by The Ben Bernank's "Firehose of Infinite Fiat"

Fri, 01/21/2011 - 12:29 | 893449 lieutenantjohnchard
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hey catfish mouth. did your gold and silver blowtorch run out of acetylene? i'm noticing gold and silver are up while your goog (down from $653.98 ah) and aapl (both of which you want us to think you own when they're up, but not when they're down) are both down.

Fri, 01/21/2011 - 12:00 | 893358 sethstorm
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And from six — use whatever proceeds they can save to enhance their education skills, especially in the sciences and mathematics where the U.S.A. is sliding down the global scale.

Only if you believe in the flawed PISA tests.

Fri, 01/21/2011 - 12:01 | 893360 imapopulistnow
imapopulistnow's picture

At the end of the day, #10 might in fact be the most helpful of all.  Unfortunately the linear thinkers simply cannot grap why this is so.

Fri, 01/21/2011 - 12:48 | 893498 Blindweb
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Actually we want to start shrinking the population.  As fossil fuel prices explode  over the coming decades more land will need to be converted to farm land.  More people will not have enough food to eat.

Yes, I understand that will make the debt unpayable, but there's no way to escape that now.

Fri, 01/21/2011 - 14:12 | 893886 imapopulistnow
imapopulistnow's picture

Less housing demand, less innovation, less capital import, lower living standards.


These people will live and consume somewhere.  If here, they add value and demand to our economy.

Fri, 01/21/2011 - 15:00 | 894042 Blindweb
Blindweb's picture

More immigrants will lead to higher unemployment, lower living standards, and violence.  As the pie shrinks people are going to fight over the remaining pieces.   We want less demand not more.  Today's jobs are unstustainable and are draining our fossil fuels.  As our fossil fuels go, so do our chance at anything above subsistence living.

Although, I suspect immigration control will further break down as the federal government slowly loses power, and you will get what you want.

I'm going to assume you weren't the one to junk me for the legitimate civil comment I made.

Fri, 01/21/2011 - 15:16 | 894116 e_goldstein
e_goldstein's picture

bah. you're forgetting about soylent green.  that way, we can kill two birds with one stone.

Fri, 01/21/2011 - 12:18 | 893403 CrashisOptimistic
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Rosenberg's position is a bond bullion barbell.

Simply that.  He's not short equities.  He largely ignores them.  He wants a bond position and a gold position.

He doesn't understand the oil disaster coming -- perhaps -- but such a growthless perpetuity would indeed dictate bonds as the place to be, simply because there is nowhere else.

If the Fed is thought all powerful and the Fed is the floor under bond prices, why is his thinking wrong?  For him to be wrong, the presumption would have to be that the creator of all money on earth cannot create money.  It Can!  It buys bonds and establishes a floor every day.

Rents are not going up.  That means inflation won't constrain the bond buys.  Rent is the largest portion of a monthly household budget and while it is flat **or declining**, food, gasoline and health care are partly or mostly negated.

I don't quite understand the rationale of people who want to declare him wrong.  Are they saying they see booming economic times this year?  


Fri, 01/21/2011 - 12:15 | 893407 Salinger
Salinger's picture

Rosie I think Jeff go the job, go back to your cave

Fri, 01/21/2011 - 12:51 | 893515 Idiot Savant
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“The bottom line is that there may well be U.S. public debt tremors this year, both during federal debate over raising the debt ceiling and with at least a limited number of crises in local and city governments. The bigger problem, though, lies beyond 2011, as the unsustainability of the federal government’s fiscal trajectory becomes increasingly clear. I hope it does not ultimately require a crisis to restore fiscal sustainability at the federal level, but I fear it will."

I'm confused -


Fri, 01/21/2011 - 13:08 | 893568 masterinchancery
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Short list: 1.Get nukes and oil and gas exploration. 2. Dump the EPA. 3.Ban public employee unions. 4.Dump the Dept of Education, teacher tenure, and the education bureaucracy. 5.Ban the use of off balance sheet maneuvers everywhere, including government. 6. Ban all Fed open market operations.  7. Eliminate Medicaid.  8. Eliminate all federal and state benefits for non citizens. 9.Eliminate all corporate and commodity subsidies and tax credits, in the budget or otherwise, with special emphasis on ethanol and "green" energy. 10.Ban HFT.

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