Time From S&P Downgrade To El-Erian's Completed, Legally Cleared And Published Op-Ed: 90 Minutes

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Mon, 04/18/2011 - 10:48 | 1180366 NOTW777
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someone asked why bill had so much cash

Mon, 04/18/2011 - 11:09 | 1180452 Harlequin001
Harlequin001's picture

It was a meeting of a very adept Board , there's no possible way he/they could have known this was coming...

Mon, 04/18/2011 - 11:43 | 1180609 rufusbird
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This supports my contention that ratings are determined more by time spent on the telephone than in studying spreadsheets....

Mon, 04/18/2011 - 10:49 | 1180371 uno
uno's picture

let's start another war to keep the masses entertained

Mon, 04/18/2011 - 10:51 | 1180383 SheepDog-One
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They will soon.

Mon, 04/18/2011 - 10:55 | 1180394 IdioTsincracY
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With the money we have left we should be able to attack Nauru.

Mon, 04/18/2011 - 11:10 | 1180469 Harlequin001
Harlequin001's picture

Grenada's got a nice beach, I'm told you can simply walk up that one...

Mon, 04/18/2011 - 17:05 | 1181802 JPG101
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Please leave Canada alone. It's cold up here. Go for the beaches...

Mon, 04/18/2011 - 20:54 | 1182387 nedwardkelly
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Yeah Nauru, otherwise known as birdshit island. Actually not so crazy I guess, going to need loads of fertilizer to keep everyone fed.

Mon, 04/18/2011 - 11:03 | 1180435 Long-John-Silver
Long-John-Silver's picture

They've run out of ammo for Libya. No way Obama can start a fourth war without ammunition.


NATO Runs Short of Munitions in Libya: Report


Mon, 04/18/2011 - 11:11 | 1180476 Harlequin001
Harlequin001's picture

Bow's and arrows mate...

cheap as chips.

and if that doesn't work, try a trenching tool...


Mon, 04/18/2011 - 11:30 | 1180554 redpill
redpill's picture

The Fed's out of ammo too.

Mon, 04/18/2011 - 12:30 | 1180789 The Hawk
The Hawk's picture

I think Nato ran out, not the US... meaning US is going to be back in charge using our ammo.  Facking ridiculous.  Probably the plan all along.  "Nato will take over and then 'run out' of ammo, so we can retake control, and the public can't be mad"!

Mon, 04/18/2011 - 10:48 | 1180374 Misean
Misean's picture

Penned it while Turbo Tax finished his return I suspect...

Mon, 04/18/2011 - 11:10 | 1180478 Harlequin001
Harlequin001's picture

yeah, from 1992...

Mon, 04/18/2011 - 10:49 | 1180376 treemagnet
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That tool sounds like he's running for office - Senator El-Erian?

Mon, 04/18/2011 - 11:05 | 1180441 LehmanRefugee
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Umm...no. He is muslim.

Mon, 04/18/2011 - 11:09 | 1180462 treemagnet
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didn't seem to stop obama.

Mon, 04/18/2011 - 11:33 | 1180556 UninterestedObserver
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Mon, 04/18/2011 - 10:50 | 1180379 boeing747
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Pull It! Pull It!
No surprise for ZHers.

Mon, 04/18/2011 - 10:52 | 1180380 Mr Lennon Hendrix
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El Erian ain't hiding the fact that he has the PWG (the real abbreviation for the President's Working Group on Financial Markets) on speed dial.

Mon, 04/18/2011 - 10:53 | 1180384 tellsometruth
tellsometruth's picture


Mon, 04/18/2011 - 11:21 | 1180490 Harlequin001
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OK, drum roll please,

Bought my son an iPad, my daughter an iPod, the wife got me an iPhone and I got her an iRon.

She wasn't overjoyed even after I explained that it integrates well with the iWash, iCook, iClean network which opened up the iNag reminder service and totally wiped out the iShag function.


Mon, 04/18/2011 - 12:12 | 1180721 Jreb
Jreb's picture


Mon, 04/18/2011 - 14:16 | 1181192 spekulatn
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OK, drum roll please,

Bought my son an iPad, my daughter an iPod, the wife got me an iPhone and I got her an iRon.

She wasn't overjoyed even after I explained that it integrates well with the iWash, iCook, iClean network which opened up the iNag reminder service and totally wiped out the iShag function.



Well done, Harlequin001!

Mon, 04/18/2011 - 10:54 | 1180385 DutchTreat
DutchTreat's picture


Time From S&P Downgrade Completed, Legally Cleared by El-Erian And Published  90 Minutes


Mon, 04/18/2011 - 11:18 | 1180496 Harlequin001
Harlequin001's picture

well I believe he had to go out and get himself a Starbucks as well, hence the delay...

Mon, 04/18/2011 - 10:52 | 1180387 Lilguy
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He probably had to dust this puppy off after pulling it out of his desk drawer and before sending it to legal he wrote it so long ago.  (Well, he may have had to update the lead sentence a bit before sending it on.) 

Then he just had to sit and wait until the idiot rating agencies actually did something useful....

Mon, 04/18/2011 - 10:55 | 1180392 SilverIsKing
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Not that we didn't already know he's on the inside but it's nice to have such clear confirmation.  This way, we'll have 100% assuredness that anything he says in the future is to the benefit of PTB and not us so we can play it that way.  Much like Tungstenman's calls on PMs, currencies, oil, and the equities markets.

Mon, 04/18/2011 - 10:54 | 1180395 SheepDog-One
SheepDog-One's picture

'The world looks to america for a cornicopius range of public goods, everything from worthless printed up rice paper FRN Fiatsco notes, to worthless printed up rice paper FRN Fiatsco notes'!

El Erian, bitchez.

Mon, 04/18/2011 - 10:53 | 1180396 Sophist Economicus
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I hope he didn't stay up all night writing such an insightful message

Mon, 04/18/2011 - 11:20 | 1180505 Harlequin001
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Bernanke wrote it...

Mon, 04/18/2011 - 10:54 | 1180400 geminiRX
geminiRX's picture

I find it pretty cool that gold is catching some pretty big buying action on a day when everyone is selling everything. It is so unlike days past when people sold gold on market selloffs like this. There is going to be some enormous upside action soon I reckon. If not now.....then likely around June 13-14th (Armstrong hasn't steered me wrong yet)

Mon, 04/18/2011 - 10:57 | 1180402 Bam_Man
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He had it written over a month ago after he overheard a little birdie whispering something in Bill Gross's ear.

Mon, 04/18/2011 - 10:55 | 1180404 Hansel
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He didn't mention that PIMCO isn't going to sit in treasuries while the politicians sort it out.  He probably just forgot to add that.

Mon, 04/18/2011 - 10:57 | 1180419 monmick
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It's like the Liz Taylor Obits, what had long been expected had been written (and was in the can) a long time ago...

Mon, 04/18/2011 - 10:58 | 1180420 oogs66
oogs66's picture

I'm sure the agencies called pimco when they cut their holdings. Pimco told the agencies what to do. No surprises

Mon, 04/18/2011 - 11:01 | 1180424 johngaltfla
johngaltfla's picture

All you need to know about the "credibility" of the RINOcrat plan passed last week as Paul Ryan is as progressive as they get:

Congressman Paul Ryan’s Big Lie
Mon, 04/18/2011 - 11:02 | 1180430 ISEEIT
ISEEIT's picture

Am I an idiot for seeing this entire show as a method of convincing the 'teabaggers' to give up and allow the band to march on?

obamma didn't get crowned president for nothing and the propaganda campaign against any and all reasonable dissent to the globalist agenda has been fierce.

Something much larger is in the cards.

The $$ is beating the shit out of more solid currencies right now and the 'retail' crowd is having a field day (two weeks long). W.T.F?

Mon, 04/18/2011 - 11:06 | 1180451 treemagnet
treemagnet's picture

dollar is the incumbent so it wins by default as reserve currency (for now).

Mon, 04/18/2011 - 11:06 | 1180445 carbonmutant
carbonmutant's picture

The fact that CNBC is a mouthpiece of this administration should give some clue about how the WH feels about all of this... 

Mon, 04/18/2011 - 11:06 | 1180446 gordengeko
gordengeko's picture

"for the sake of American society and for the well being of the global economy."

Now that is some funny shit!  Although it will suck for my fellow humans when the shit hits the fan soon.

Mon, 04/18/2011 - 11:51 | 1180657 Don Birnam
Don Birnam's picture

Perhaps El-Arian is sub-letting a piece of W's 99,000-acre refuge ranch in Paraguay.

"Rent payable in gold, M'ham-ed."

Mon, 04/18/2011 - 11:04 | 1180447 the grateful un...
the grateful unemployed's picture

too bad we didn't take control when Paulson was threatening us with martial law. now trillions later we have to give up our cops, school teachers and firemen. so they can keep their bonuses. if the tea party platform wasn't a shill for the plutocrats, they would demand these guys heads on a platter.

Mon, 04/18/2011 - 12:17 | 1180738 Things that go bump
Things that go bump's picture

I think we will do quite well with fewer cops, thank you very much.  You can hardly move without tripping over one.  Don't forget that they put the police in police state and their numbers have dangerously exploded in the last 10 years or so.  Really, within a couple of miles from where I live we have four police departments and the Highway Patrol.  They are becoming increasingly hostile and confrontational.  I believe the profession is a magnet for people of a certain unfortunate character type and the shear number of them around is getting to be really quite frightening.  There is almost no violent crime around here, and never has been.  It is working class and nobody is very rich or very poor so we have kids shoplifting and bar fights on Friday night.  Just yesterday, within a couple of blocks from my house, I drove past a car they had pulled over, and there were two cop cars with their lights flashing pulled up behind it.  I have noticed this often.  It looked like a routine traffic stop to me, and I can only conclude that there are an excessive number of cops on duty at any one time and they don't have enough to do.  I question their numbers and how they are being paid and for what purpose.  

Mon, 04/18/2011 - 12:23 | 1180764 Zardinuk
Zardinuk's picture

Not a big fan of cops here, but I ought to point out to you that your violent crime rate is going to skyrocket when the cops move out of your area, especially if they go from having a job to food stamps, the cops themselves will make some of the worst violent criminals you've ever seen.

Mon, 04/18/2011 - 12:37 | 1180820 trav7777
trav7777's picture

no; your violent crime rate will depend upon the concentration of a certain demographic in the area.  At least that's been the rule for the past half dozen decades

Mon, 04/18/2011 - 14:20 | 1181206 Ricky Bobby
Ricky Bobby's picture


Mon, 04/18/2011 - 11:05 | 1180449 web bot
web bot's picture

This should be considered progress...

Mon, 04/18/2011 - 11:07 | 1180459 Rainman
Rainman's picture

Being naturally suspicious, I see central planning's fingerprints all over the S&P ratings news. What better way to disarm the Tea Party disciples who may thwart the effort to raise Uncle Sugar's debt extravaganza....?? 

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