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

Tyler Durden's picture

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NOTW777's picture

someone asked why bill had so much cash

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...

rufusbird's picture

This supports my contention that ratings are determined more by time spent on the telephone than in studying spreadsheets....

uno's picture

let's start another war to keep the masses entertained

IdioTsincracY's picture

With the money we have left we should be able to attack Nauru.

Harlequin001's picture

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

JPG101's picture

Please leave Canada alone. It's cold up here. Go for the beaches...

nedwardkelly's picture

Yeah Nauru, otherwise known as birdshit island. Actually not so crazy I guess, going to need loads of fertilizer to keep everyone fed.

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

http://defensenews.com/story.php?i=6254304&c=MID&s=AIR


Harlequin001's picture

Bow's and arrows mate...

cheap as chips.

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

 

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"!

Misean's picture

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

treemagnet's picture

That tool sounds like he's running for office - Senator El-Erian?

boeing747's picture

Pull It! Pull It!
No surprise for ZHers.

Mr Lennon Hendrix's picture

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.

Harlequin001's picture

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.

Howzat...

spekulatn's picture


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.

Howzat...

 

Well done, Harlequin001!

DutchTreat's picture

 

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

 

Harlequin001's picture

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

Lilguy's picture

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....

SilverIsKing's picture

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.

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.

Sophist Economicus's picture

I hope he didn't stay up all night writing such an insightful message

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)

Bam_Man's picture

He had it written over a month ago after he overheard a little birdie whispering something in Bill Gross's ear.

Hansel's picture

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.

monmick's picture

It's like the Liz Taylor Obits, what had long been expected had been written (and was in the can) a long time ago...

oogs66's picture

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

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
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?

treemagnet's picture

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

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... 

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.

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."

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.

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.  

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.

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

web bot's picture

This should be considered progress...

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....??