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Quote Of The Day
Today's quote of the day comes from Carole Laulhere of SocGen's Forex and rates corporate reserarch.
“I’m so glad I live in a world where there are Octobers” L.M. Montgomery, Anne of Green Gables
Comparisons of October 2012 with 2009, 2010 and 2011 may not prove terribly relevant for a variety of reasons but just like in L.M. Montgomery’s novel, despite the dire situation in the euro periphery, optimism and imagination have helped markets to see the best in things.
And to think it was only 3 years ago that we said to ignore corporate 10-K and Qs, and instead only focus on such central bank flow reports as the H.4.1. and H.3. We have reached the singularity point where nothing else matters but who pumps what, when and where. That and "optimism" and "imagination" of course.
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Because Hopium Eternal and Optimism are all that is needed to push reality aside
anyone who thinks the payroll number will be bad the month before an election is out of their fucking mind
my money is on a stellar print, revised to a negative number the friday night after the election when no one is looking
All these bitchez are acting like they are lined up at the gates of the Wonka Factory. I guess they are. But there can be only one Charlie Bucket, and its me, cuz I gotta golden ticket, and a cast aside the entire foul notion of the everlasting gobstopper, bitch.
95K, pretty sure this will be the number
Yep...everything else is all Bullshit!
I think the following story is worth mentioning. Welcome to the dark ages...
EU’s Rehn Seeks to Convert Finnish Skeptics With Euro Book
Oct. 5 (Bloomberg) -- European Union Economic and Monetary Affairs Commissioner Olli Rehn published a book in Finland in a bid to rally his increasingly euro-skeptic home country to support efforts to quell the debt crisis.
“I’m trying to bring a rational, yet heartfelt alternative to the widespread populist discussion in Finland,” Rehn said at the book launch in Helsinki today. “The euro crisis can’t be beaten by isolation or national solutions. Instead, we need tighter European cooperation and a more solid economic union.”
Finland’s government, whose room to maneuver has been crimped by the rising popularity of the euro-skeptic “The Finns” party, has rejected increasing joint liability and demanded extra security for its taxpayers in the second Greek bailout and the Spanish bank rescue.
Rehn’s book, entitled “In the Eye of the Storm,” is only available in Finnish, his native language. Rehn wrote his previous book in 2006 on Finnish EU policy.
He last week cautioned the Nordic nation not to prolong the crisis with its “hard-line stance.”
Finns should focus on how the euro crisis can be tackled with a joint effort and the economy restored to a sustainable growth track, Rehn said.
Voters in the northernmost euro member showed their reluctance to continue helping indebted euro peers when they made “The Finns” party the country’s third-biggest group with 19 percent of ballots in the 2011 general election.
Clearly, the best way to avoid being eaten by bears and other bond desperados is to chain ourselves together.
Did I mention you'll be on the periphery?
We have reached the singularity point where nothing else matters but who pumps what, when and where.
I guess the Clinton legacy is still alive and well...
Gee, and I thought it was a "Scooter" Libby, Larry Craig, Mark Sanford, or Mark Foley reference.
That's because you limit your knowledge base to the "truths" you are fed.
It's pretty early for a QOTD. There's plenty of time for a world leader or central banker (or do I repeat myself?) to give us further proof they have no idea what is going on, save for fucking over the serfs.
In a Pyramid Scheme, there are only two options:
- Controlled decline
- Collapse
The first one is possible if the scheme is torn apart as soon as the problem is made evident.
The 2nd one is the only option left when the problem is covered up. We are now on the 2nd stage.
As FIAT's president said: How do you control an implosion?
http://www.businessweek.com/news/2011-12-12/european-ceos-move-cash-to-germany-in-case-of-euro-breakup.html
Whatever numbers we have today, markets will soar.
NFP misses=>More QE=>Markets Soar
NFP beats=>Economy Good=>Markets Soar.
The so called "market" has only two options:
1) Creep up (or forced buying)
2) Collapse
Any possibility of controlled decline has vanished forever with QEn.
Collapse?? No way! This is October, just one month before the presidential election. Obama will order the Exchange Stabilisation Fund to nip any collapse in the bud.
TIMING IS IMPOSSIBLE, BUT SO IS THE AVOIDANCE OF COLLAPSE.
It will happen, just don't know when.
nice way of saying "wishful thinking" and "delusions".
Self-deceit always brings the hardest falls.
"Öptimism and imagination." It makes the market sound like an 85 year old man wanking.
@Dick Darlington re Euro:
Quotes of the week from over at jsmineset.com:
Jim,
I have a similar view on QE and the Euro.
In my view, the Euro is a grand experiment by the Banksters. It is a system devised to determine how a single currency can work for many different and diverse countries. As such, failure of the Euro model experiment would make a difficult case for the idea of a single world currency project.
A single world currency may be a proposed reset solution after the current fiat currency system defaults or is printed into oblivion.
The Euro will not fail. It is in the interests of all Central Banks that it not fail.
The Euro is indirectly supported by the world’s largest gold reserves.
As you say,” QE works and it will continue to work”, in order to, I believe, save the single currency experiment.
CIGA Bohdan
Hi Jim,
I totally agree with both of you that the Euro is an experiment to weed out the bugs for the grand experiment of a NWO currency.
First the US dollar falls from its global reserve currency status. Then regional reserve currencies are put in place to compete equally with the Euro.
This could be 7 regional currencies comprising of:
These seven currencies would then meld into one electronic currency that no one can buy or sell lest they have the mark to activate an account.
CIGA Rob
Megan Follows was hot as Anne of Green Gables...
If ya down a few drinks with an acid tab chaser, stand on your head, and squint your eyes, you can just make out the outlines of a recovery !
"blue skies all around me. nothing but blue skies, do i see..."