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'Sub-prime is well contained'
Compared to an hour ago or 4 years ago?
And Finland now controls (at least strongly influences) the EU bailout fall apart. Greece to 25% and Portugal to 15% as US Treasuries become junk and endowments take their gold physical. It's a brave new world . . . 1984.
***BREAKING NEWS ALERT***
Fitch downgrades Ancient Rome to BBB- from BBB
***THIS HAS BEEN A BREAKING NEWS ALERT***
I am shockedShocked at this outrage!
Was that a downgrade or just a credit watch for Ancient Rome?
Lulz. Very appropriate. The quote from Chirichilla is an eye popper of stupidity. "We knew it was borderline...but we didn't expect...". Dumbasses all around.
We will continue to front run POMO and take the 3% layup
Welcome Your next president:
post-david lee roth VH entrance music... dooood.
PERFECT music for SP!
Sammy Hagar blow David Lee away!
Cliff diving is dangerous to your wealth
Is that the smell of fear ?
No that's the S&P losing its bowels
Could somone ring Yahoo its fallen off the page
Walks to podium, clears throat:
Take your gold and silver physical. US downgrade not a surprise really, just get out of paper. Paper debt (US Treasuries), US dollars, US munis etc etc etc
The treasury says S&P underestimates the possibility of government reaching budget conclusion? OMG! LOL!!! ROFL!!! S&P overstates the possibility of doing anything. Its all been lies. They lied about the cuts - $38 billion --> less than $1 billion actual. Compromise in December - spending up and taxes down! Neither current plan calls for surplus, just less deficitis! S&P looked at the numbers like ZH (about 2 years later) and just said what is common sense. But since the market still, god knows why, places faith in S&P, its meaningful.
What time is the retarded reversal back to parity in the markets?
I want to sell my puts prior to the ramrodding.
Kiwi in the Coalmine ?
(Reuters) - China and New Zealand have signed a 25 billion yuan ($3,83 billion) bilateral currency swap deal, the Chinese central bank said on Monday.
That sum would buy a fair chunk of those lovely Islands.
It is going to put a lot of pressure on the Obama administration to move faster at reducing the deficits, or cutting spending and possibly increasing taxes.
Double speak for Austerity
Has anybody noticed today's GOFO and SOFO? GOFO rates have reached the lowest level since the beginning of this year!Another short squeeze seems to be on its way.
Who is John Galt?
A highly fictionalized character who is based upon an un-attainable ideal, in a fantasy novel written by a jaded, amoral hypocrite.
That is who John Galt is.
Sounds like somebody didn't get their welfare check on time.
"4% 10 year by the end of the year"
hahahhahaaa....you'll be lucky if it is under 4% at the end of the day.
Looks like the pigmen are pushing the Austerity for Commoners agenda. No surprise here . . . the stakes have become sufficiently extreme for them to start pulling out all the stops.
Look at silver going vertical!
BTFD this morning. Markets will be green before lunchtime.
and stay green untill Christmass 2020 :)
Surprise? What surprise?
$14 Trillion national debt
$113 Trillion in unfunded liabilities
and 50% of Americans don't pay income tax.
Like I said...what surprise? Were people hoping for an upgrade?
You forgot to mention:
- 1.5 Trillion yearly deficits for decades to come
- Morons who have the funniest commercials get to be President
But yes... AT LEAST IT'S STILL BETTER THAN ZIMBABWE!!
I'm so glad I'm on this site and not on some wanky CNBC securities show.
Where is Kramer? - is he going mental yet?
"This is tape bomb. It doesn't come as a complete surprise to the markets however seeing it in black and white print it is going to shake the market up for sure."
yeah right you total turd - don't worry about the brown stuff leaking out the back of your trousers - that's "all natural" - I'm sure you were all prepared for it...
Bet is closes green anyway.....didn't Tyler have a thought or nine about the Fed buying directly sans POMO?
Why is it that only idiots get elected? Idiot, you elected them!
1285!! oh noooo!!!
remember grasshoppa - free fall of 1000 point begin with drop of 20 (ancient chinese saying)
If your balls drop 10 years too late, does it really make a difference?
I've found a whole bunch of black and white Johnson's
April is the New May - Sell in April and go away.
White House blames El Nino for the misunderstanding.
10:00AM S&P ALGOS kick in.
Global mrkts RIP.
Woo-Hoo....let the fun begin!!!!!!!!!!!!!!!!!!111
Looks like "somebody" is going to buy some 2 year bonds....
3 Month 0.05% +0.01 (25.00%)
6 Month 0.10% 0.00 (0.00%)
2 Year 0.66% -0.02 (-2.94%)
5 Year 2.10% +0.01 (0.48%)
10 Year 3.43% +0.05 (1.48%)
30 Year 4.51% +0.08 (1.81%
VIX IS ALIVE!
please don't tease me.....its still monday.
Just another entry in a lengthening list of manipulations.
* US Treasury's Miller says S&P negative outlook underestimates ability of US leaders to come together to deal with US fiscal challenges
There is a void of leadership in US. Just talkers, no doers.Martin Luther King has been replaced by Al Sharpton, Lincoln has been replaced by Obama+Clintons, republican party has been replaced by neocon zionists.
* Both political parties now agree it is time to begin bringing down deficits as a share of GDP.
now is the time? It is way overdue and politicians will only bring asterity in non-defense spending. Basically put all our resources into military....US has WAR ECONOMY coming.
* US economy is strengthening as it emerges from recent recession.
If US economy consists of only top 0.1% of Americans. Everyone else is hopeless and depressed.
S&P to Titanic captain as they climb into last lifeboat-- "By the way, your boat is leaking--"
"It is not good news and it is not good news because to move towards austerity when the U.S. economy is not on sound footing is not a good idea"
But... but... economy IS recovering; how can they print that much propaganda???
Oops, sarc off: ><
And why would there be a need for austerity measures if we WERE on 'sound footing'? WTF?
Sounds like a poor excuse to impose unnecessary harsh austerity measures because solving the structural issues are politically impossible, but continuing the slavery is politically attractive for our scum-sucking policymakers.
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