This page has been archived and commenting is disabled.
Reid Responds: Plan B For Broken
Update - Pelosi chimes in: "Pelosi Says House Democrats Would Reject Boehner Plan B on Taxes"
Flashing red headlines which refute the market's favorable take of Boehner's words...
- REID SAYS BOEHNER'S PLAN B BUDGET PLAN CAN'T PASS CONGRESS
- REID SAYS BOEHNER PLAN NOT A BALANCED APPROACH
- REID SAYS BOEHNER SHOULD FOCUS ON LARGE-SCALE DEFICIT CUTS
... but risk no longer cares about the content, and like in the fall of 2011 with all headlines out of Europe, anything flashing and red is taken immediately as positive by the algotrons, who buy first and ask questions much later if ever.
»
- 7622 reads
- Printer-friendly version
- Send to friend
- advertisements -
Nevermind all that, only thing that matters is NAHB says theyre feeling kinda green shootish today!
Plan B stands for BOHICA
Nobody gives a shit anymore.
Inflection is here.
Pick your side.
If there was any doubt before, the line has now been drawn.
Agreed, it's time to pick a side.
Plan Boned.
bbbbut...we'll save $1.6T over 10 years when we have annual 1.6T deficits. It's like buy 9 and get the 10th one free!!!!!!11
Always been conservative. But their ONLY argument against raising taxes doesn't work.
The "job creators" have had 10 years of these cuts with NO "job creation."
I believe congress is just trying to keep THEMSELVES from paying higher taxes.
On the other side, there must be an agreement that ALL new tax revenues will be used to pay down the deficit, NOT new spending.
And just ONCE, I'd like to hear about cutting Welfare. The combined AVG available needs to be less than a minimum wage job. Right now it's like $52K+ (if you qualify for the max # of programs)
How about the argument that the income tax is an unjust tax, utterly incompatible with the concept of Liberty that this country was founded on, as well as illegal according to the 13th Amendment (well, the SECOND 13th Amendment) that outlawed involuntary servitude?
Its a great idea but it would never work. People dont understand that we are supposed to live under a constitutional republic.
You'd have to phrase the argument something like this. "You should not tax income, because it dis-incentivises people to work hard. All the way from your kid making minimum wage working summers on a farm, to the surgeon making a million dollars who is going to cut you open one day. We should tax corporations, which have all of the benefits of people, but currently have none of the detriments. Coorporations are immune to personal liability, death, and taxation as long as they follow the 1st rule of crony capitalism maximize profits by any means possible including regulatory capture"
That's just crazy talk!
Everybody knows that you simply cannot have a peaceful society without competing political factions stealing from everyone.
Didn't you pay attention The Pledge?
I dont think anybody is saying that high taxes are the only thing that will inhibit growth in this toxic economic environment but higher taxes will hurt growth so long as history continues to repeat itself as it always has.
huh? Why is it the responsibility of income earners to "create" jobs for other people?
How about this: all you 47ers get off the backside and do something productive?
Gee, we should give money to the poor because they will SPEND IT...genius. That's how you STAY poor.
How about this: all you 47ers get off the backside and do something productive?
That really is the best idea, but it'll only work if the gummit stops trying to prevent them from running their own small businesses.
Yes, it now sounds like it's my way or the highway regarding negotiations. I think the Dem's have something up their sleeves....Boner offers them everything they want execpt the tax threshold moves from $250,000 to $1,000,000 and they sayno...sounds like O doen't want to make a deal...sounds like O wants to go O-ver the fiscal cliff. Appears like he must have adother plan that he is not disclosing...I'll guess we'll see.
Some will pick a side, most will just pick their nose.
'Balanced approach' meaning cutting off both legs? Makes sense....may as well cut off both arms while theyre at it too.
prepare for stock bubble 3.0
Prepare? Aern't we about three years into it?
"Tis a flesh wound!"
....OK,
We'll call it a draw!
Classic.
this is insane... mkt. has gone full Robotard
Mortimer finally got the memo to turn the machines back on...
Fuck you Reid.
None of this fucked up shit has any bearing on Bernanke's fucked up bond monetizing ponzi.
Fuck you Bernanke.
Plan C- Hit everyone with constant BS stories day and nite and maybe no one will catch onto the fact that the whole thing is being burned to the ground.
Agreed.
Bill Black continues to summarize the advance of our true overlords:
http://neweconomicperspectives.org/2012/12/the-second-great-betrayal-obama-and-cameron-decide-that-banks-are-above-the-law.html
Wow, the overlords will NOT be pleased!
Mr. Black better stay in Kansas.
Keep the comedy show going in the front room long enough to loot the entire saloon out of the back room.
The market is Casino and the biggest manipulated stock is Rio Tinto and JPM is pulling up daily and no regulations for Rio Tinto in London
Apparently David99 is controlled by the Bernank as he is posting about this to infinity. (you will see as you scroll down)
I thought the currency wars was Plan B. Maybe these .1 gram gold Swiss coins can be Plan "C"
http://tradewithdave.com/?p=14279
Its only a matter of time until these same algos crash the market again. Hopefully the next time will make the last flash crash look like a joke.
Why engineer an algorithm to ever really sell?
"Who would buy...?"
My guess is that it is impossible to crash the markets. The FED hastheir own algo that automatically buys and buys to infinity any price drop on anything (except physical gold and silver). The challenge has been to program the algo to allow for a negative day now and then to make the market appeal more realistic.
My fucking god...who gives a shit?
On LSE, there is no checks and balances and maximum manipulations daily by Rio Tinto. The market is Casino and the biggest manipulated stock is Rio Tinto and JPM is pulling up daily and no regulations for Rio Tinto in London
You need to rewrite your program. It seems busted
THIS IS FUCKING UNBELIEVEABLE!!!!!!
no it's fucking (B)elievable
Tyler, Can i have a he said, she said market reaction update ?
He: sjahdfiuwhdfehw
She:ijhsdfliheqwrifhewr
who gives a fuck?
Not even as entertaining as the Punch and Judy show....FUCK U BERNANK!
Plan "B"
The morning after realty sets in pill.
If you wanted to panic the algos, you could do worse than look into cotton shortages:
In August, agronomists showed that the historic drought in Texas had caused a stunning $5.3 billion in losses in the agricultural sector. Two months later, even with some rain finally coming to the state, Texas farmers are being crippled by a drought that could stretch beyond next summer...
Some of the farthest-reaching effects may be on world cotton markets. Texas produces about 50 percent of U.S. cotton, and the United States in turn grows between 18 and 25 percent of the world’s cotton, according to Darren Hudson, director of the Cotton Economics Research Institute at Texas Tech University. This year, however, yields even from irrigated crops have fallen about 60 percent on the high plains where the bulk of Texas’s cotton crop grows, Mr. Hudson said. Farmers have given up on their “dry-land,” or unirrigated, cotton crops.[source]
I'll leave you to work out why I picked out cotton.
Here's my best guess...
~~~
http://www.youtube.com/watch?v=XDdlHmzIdn8
Because REAL MEN sing into light bulbs...
Not even close.
Don't worry, America will just catch up to Canada and make bills out of polymers instead.
indeed bullish (read: bullshit)....
DOW 36,000......
keep buying physical Gold and Silver...
leave them to their circus.....
Plan BB- Broken Boner or Plan BBB- Broken Boner Bawling
J
B also stands for .... We need a constitutional admendment that RE-ENFORCES Article 1.
"If congress can not pass a budget for each fiscal year, then All NGOs, PACs, 501c3's operating in the capitol (D.C.) shall be dissolved. All tax exempt money in their coffers shall be applied to interest payments and late fees, until such time as the IRS is no longer satisfied ... and then the agents shall forcably remove members of congress themselves. State govenors shall appoint replacements"
"The only exemption to this rule is if the nation is in legally declared state of war, which is congresses' only other job, which they never do either"
*Legislative history: It seems when the US is in legally declared wars, they have no problem passing budgets. Otherwise they let low level, unelected agents of the the executive branch take as much money from the people as they see fit via selective enforcement.
When the government starts respecting the constitution, that might work. Until then, it is just hot air.
Remember James Aldoucher said Dow 100,000
In Clownbux!
'We'll cut spending, after we raise it $1 trillion'....FUCK U CLOWNGRESSTARDS!
Regulators are watching porno, don't know how Rio Tinto is manipulating daily. On LSE, there is no checks and balances and maximum manipulations daily by Rio Tinto. The market is Casino and the biggest manipulated stock is Rio Tinto and JPM is pulling up daily and no regulations for Rio Tinto in London
It is just Casino and nothing else. Regulators are watching porno, don't know how Rio Tinto is manipulating daily. On LSE, there is no checks and balances and maximum manipulations daily by Rio Tinto. The market is Casino and the biggest manipulated stock is Rio Tinto and JPM is pulling up daily and no regulations for Rio Tinto in London
And so the ramp in equities in the last hour will be faded? Probably not...
We should have a fiscal cliff negotiation every year! Nothin' but up, baby!
If the markets successfully front-ran the Fed the last 3 years, you think they can't front-run Congress, too? Bunch of people running in front of every camera pointed in their direction pretending they have serious policy differences with eachother?........... please.
Markets will have their "certainty" (an agreement to avoid the "cliff") but wait till you see what this agreement is going to be! You're gonna need a lotta ketchup to make that meal appetizing.
In last 10 trading days, Rio Tinto manipulated by +25% gain and regulators watching porno. JPM doing it. It is just Casino and nothing else. Regulators are watching porno, don't know how Rio Tinto is manipulating daily. On LSE, there is no checks and balances and maximum manipulations daily by Rio Tinto. The market is Casino and the biggest manipulated stock is Rio Tinto and JPM is pulling up daily and no regulations for Rio Tinto in London
'Plan rejected'....OH GOOD hey let's ramp stocks then!
Manipulations of highest order without any regulations as every one has been purchased and regulators watching porno. In last 10 trading days, Rio Tinto manipulated by +25% gain and regulators watching porno. JPM doing it. It is just Casino and nothing else. Regulators are watching porno, don't know how Rio Tinto is manipulating daily. On LSE, there is no checks and balances and maximum manipulations daily by Rio Tinto. The market is Casino and the biggest manipulated stock is Rio Tinto and JPM is pulling up daily and no regulations for Rio Tinto in London
I think that David99 may be trying to tell us something. What is it boy, Timmah fell into the well?
I needed a good laugh today. +1
Stocks massively outperform gold again today (gold is barely up in 2012 while the NASDAQ is getting close to +20%). Since most Americans believe that the stock market is the economy and gold is the enemy of the US economic policy, all is well in America. Rock on Bernanke.
If the bond market keeps going south, equities will face a wall as far as PEs are concerned.
Congress needs to grow some balls and take back their wallet, congress was put in charge of the money printing presses, they should have complete control over spending.
The country if full of lemmings. This is like Y2K all over. There is no fiscal cliff, a slope yes, but no fiscal cliff. Americans are patsies for the rich and the politicians...ooops sorry, you can't be rich without being a politician and you can't be a politician without stealing your way to riches.
London is the best place to manipulate Ponzi Casino as no regulators as they are watching porno. Manipulations of highest order without any regulations as every one has been purchased and regulators watching porno. In last 10 trading days, Rio Tinto manipulated by +25% gain and regulators watching porno. JPM doing it. It is just Casino and nothing else. Regulators are watching porno, don't know how Rio Tinto is manipulating daily. On LSE, there is no checks and balances and maximum manipulations daily by Rio Tinto. The market is Casino and the biggest manipulated stock is Rio Tinto and JPM is pulling up daily and no regulations for Rio Tinto in London
JPM & GS do maximum manipulations from London as no regulators are looking what is going on daily. London is the best place to manipulate Ponzi Casino as no regulators as they are watching porno. Manipulations of highest order without any regulations as every one has been purchased and regulators watching porno. In last 10 trading days, Rio Tinto manipulated by +25% gain and regulators watching porno. JPM doing it. It is just Casino and nothing else. Regulators are watching porno, don't know how Rio Tinto is manipulating daily. On LSE, there is no checks and balances and maximum manipulations daily by Rio Tinto. The market is Casino and the biggest manipulated stock is Rio Tinto and JPM is pulling up daily and no regulations for Rio Tinto in London
wow, pelosi (read:cunt fucking bitch) confirms aint a mother fucking thing being agreed upon...
AND THE DOW RALLIES HIGHER.....
and the only 2 forms of real money are further beaten down....
yeah, ok....
cue charts please...
http://www.kitco.com/charts/livesilver.html
http://www.kitco.com/charts/livegold.html
It is all rigged Ponzi Casino. JPM & GS do maximum manipulations from London as no regulators are looking what is going on daily. London is the best place to manipulate Ponzi Casino as no regulators as they are watching porno. Manipulations of highest order without any regulations as every one has been purchased and regulators watching porno. In last 10 trading days, Rio Tinto manipulated by +25% gain and regulators watching porno. JPM doing it. It is just Casino and nothing else. Regulators are watching porno, don't know how Rio Tinto is manipulating daily. On LSE, there is no checks and balances and maximum manipulations daily by Rio Tinto. The market is Casino and the biggest manipulated stock is Rio Tinto and JPM is pulling up daily and no regulations for Rio Tinto in London
Wondering if the Bond market is not reacting to the ~ we are not monetizing ~ comment from Bernanke...
Looks like the market is saying ~yeah right...~
Someone want to tell Pelosi that's she's the Minority Whip and no one gives a fuck?
From an article in Reason:
"And when other gun-control advocates say they want a “candid” debate about guns—or an “honest,” “sane,” “serious,” “fresh,” “mature,” or “new” debate—what they really mean is: a debate we actually win.
Saying what they really mean would be the candid and honest thing to do. Wouldn’t it?"
Just substitute taxes/budget for gun control and you have the basic liberal philosophy. No debate unless they win. Oh, and then blame it on the other guy.
Boner talks - SPY +11
Reid taks - SPY -2
Bots like a Boner better is seems.
You better learn the law regarding income taxes. They are going to tax you right into the ground. It is so blatantly obvious they are waging war against the people, just not with guns; yet?
Proposal: Actively Managed Kabuki Theater ETF
Boehner is getting played for the fool he is.
how much of this is political theatre for the masses. these politicians are narcissists anyway, but they realize that if they don't keep their face in the news, people will forget them.(like an aging actresses, betty davis actually played herself, the aging actress, a number of times) even if you can hate boehner, and you can't stand pelosi, you have to want to see congress take control on the issue, because barry never was a leading man, but because we need congress to step up to plate, take away the orwellian state that potus enjoys, the constitutional doormat left by bush. brother bens homeless shelter (former USA) wants to see a round of porridge for the house, he wants to tie interest rates to employment, and finally a lot of other things as well. he wants to see a deal made, and that why there shouldn't be a deal, unless you like government imposed poverty..
Impovernment of the booble, by the bauble, and for the bubble... James Joyce
so the big talk is of fiscal cliff, tax ramifications...ie long term and short term cap gains....all Financial advisors are out advising customers to sell any product they may have that has a long term capital gain because next year is unknown how they will be treated....then how the fuck do we keep rallying
ZH is only doing good job and reporting correctly. Tyler is a real true person though I have never met him. FED+BOE+ECB+BOJ are the biggest manipulators and JPM +GS +20PD's act on their behalf in this Ponzi Casino. It is all rigged Ponzi Casino. JPM & GS do maximum manipulations from London as no regulators are looking what is going on daily. London is the best place to manipulate Ponzi Casino as no regulators as they are watching porno. Manipulations of highest order without any regulations as every one has been purchased and regulators watching porno. In last 10 trading days, Rio Tinto manipulated by +25% gain and regulators watching porno. JPM doing it. It is just Casino and nothing else. Regulators are watching porno, don't know how Rio Tinto is manipulating daily. On LSE, there is no checks and balances and maximum manipulations daily by Rio Tinto. The market is Casino and the biggest manipulated stock is Rio Tinto and JPM is pulling up daily and no regulations for Rio Tinto in London
come on, we all know the only real plan DC has is plan D.
not sure of all the details just yet but it does involve drones, gun confiscation and those billion or so rounds of ammo the DHS bought...
Let's talk about Greece. I liked that better.
12:07 PM (GMT-05:00) Eastern Time (US & Canada) Dec 18, 2012
NEW YORK, Dec 18 (Reuters) - One in five children in the United States was living in a family with an income below the official poverty level in 2011, marking a decade of increases in child poverty worsened by the Great Recession of 2007-2009, a study released on Tuesday said.
The official U.S. government poverty threshold for a family of four in 2011 was annual income of $23,021.
The percentage of children living in families below the poverty level increased from 15.6 percent in 2001 to 21.4 percent in 2011, according to the study by the Foundation for Child Development, a philanthropic organization that promotes well-being for disadvantaged children.
The increase in child poverty was driven mainly by declines in median family income, especially for families headed by a man, and a decline in the percentage of children living in families with parents who have secure jobs.
"The significant economic improvements families made in the 1990s have now all but disappeared," Kenneth Land, author of the report, said in a statement. "Economic insecurity is spreading widely across both middle class and low-income families. Not only are we seeing growing numbers of children in poverty, but children in middle class families are also losing ground."
The overall index of the well-being of children in America, based on 28 indicators, did show a slight improvement in 2010 and 2011 after declines earlier in the decade.
So how is that Rio Tinto stock doing? anyone?... anyone?
Pelosi chimes in: "Pelosi Says House Democrats Would Reject Boehner Plan B on Taxes" (should read); "Pelosi says she will reject Boners Large Bone".( It's okay, Mr. Orange would have to tie a two by four to his ass anyway with ms. Pelosi.)
sorry, just couldn't resist it................