Forget Previous Bubbles, This Is The Big Lebowski
Via Mark J. Grant, author of Out of the Box,
2013-A Year at the Crossroads
“If you really want something in this life, you have to work for it. Now be quiet, they're about to announce the lottery numbers!”
-Homer Simpson
2012 was an odd year in many senses. The juxtaposition was the speech by Mr. Draghi when he promised to “Save the World,” humanity and the birds and bees on the Continent. Yields fell, have stayed low and no one is arguing with the European Central Bank as small pieces of paper are printed, distributed at all of the usual candy stores and the sweet taste of that sugary substances is all that is imbibed and the manna from heaven flows from Frankfurt.
The Fed and the ECB are both verging on $4 trillion balance sheets, the total for all of the world’s central banks is $14 trillion and these small pieces of paper float around in the breeze and are plucked at will to feed the fires of Wall Street. General Calculus used to be a subject at school and is now thought of as a famous Roman war hero. When all of the central banks on the planet work in concert then, without off-world bourses, there is no place else left to go and the spatial restraints of our planet are the same boundaries for the investment of money. It is then Hobbes Law, the gas inside the container will always expand to fill the container regardless of its dimensions.
Here then we find the explanation of 2012; boatloads of money, a promise to use it or create even more of it if necessary and so, for the first time in history, there was no place else left to go and so the markets went up, bonds contracted, the central banks buy 80% of all new deals, demand exceeds supply and everyone with any sense wanders around and wonders if some political pin-prick or some economic fault will not puncture what may be thought of as the largest bubble ever created on earth.
It is not a dot-com bubble or a real estate bubble or a specific bubble of any type at all or any we have ever seen but the Big Lebowski, the giant squid, the mother of all Blue Whales and the days of living in some place that we have never occupied before. In other times, in other circumstances we would have thought that the bogeyman would be Inflation, massive Inflation, nation destroying Inflation but the central bank created instruments of the concert have controlled the notes along with the tune. Everything is contained by the central banks concerted actions so that the dream state of some economist’s fantasy induced dream has come to pass and it is Aldous Huxley’s “Brave New World” but having entered, and what I am concerned about, is that no one knows the Rules or even where the goal posts might be located.
Spain, Greece, Portugal or the United States; the numbers, the accounting, has become nothing more than a diversion. More and more and more money will fix everything and we can ignore the rest. It is not the Fountain of Youth but the Fountain of Cash and the promise of eternal life hangs in the air but then there were the Sirens and their songs. If nothing matters or is relevant except some notion, first uttered by Frank Herbert, that “The Spice Must Flow” then what fairytale have we entered and how does it end; or does it?
Those that bet with the central banks have prospered, made fortunes, become vastly richer but how long does this game go on and is there a way out that is devoid of the usual pain to be found in contractions. Will it be an engineered affair which is the way we arrived here or will it be some elongated pin made of politics, made of economics; that pricks the biggest bubble ever created by mankind in our mad rush to save the economies of the world by opening the spigot of never ending cash. The bet of last year was to place your money with the bankers-at-large but will that be the correct bet of this year as the plastic is stretched so thin now that a misstep, the politics of nationalism either of the funding or the funded bursts the balloon and sends it cascading around the room in some wildly gyrating manner.
I wait. I watch. Will the lid on Pandora’s Box get opened?
(27 votes)
- advertisements -
»
- 23543 reads
- Printer-friendly version
- Send to friend
Similar Articles You Might Enjoy:
- 2012 Year In Review - Free Markets, Rule of Law, And Other Urban Legends
- Alan Greenspan Discusses The Fed's Inability To See Bubbles, Is Confident There Is A "Bubble Waiting To Burst In China"
- The World Is In Trouble
- Eric Sprott: The Real Banking Crisis, Part II
- Guest Post: As The Euro Tumbles, Spaniards Look To Gold
Ties the room together.
That's just like... your opinion, man.
Easy dude.....I almost spilled my white russian.
It's "Caucasian".
.....I've always wondered why.
An alert to all you NYer's: Gov Cuomo's power is coming down on you by "infringing on your Second Amendment Rights." Call his ass to tell him to stop being the anti-dude: (518) 474-8390
Contact: http://www.governor.ny.gov/contact/GovernorContactForm.php
Gov's violation of the 2nd: http://www.nydailynews.com/new-york/albany-gun-control-bill-expected-pas...
There is hope...
http://www.gamblersanonymous.org/ga/
Little Lebowski Urban Achievers one and all.
Say what you will about the tenets of national socialism, dude, at least it's an ethos.
MDB was a good trader, and a good man. He was one of us. He was a man who loved the indoors... and trading, and as an internet troll he explored the forums of the web, from zerohedge to seeking alpha and... up to... yahoo finance. He died, like so many young men of his generation, he died before his time. In your wisdom, Lord, you took him, as you took so many bright flowering young men at Khe Sanh, at Langdok, at Hill 364. These young men gave their lives. And so would MDB. MDB, who loved momo stocks. And so, Milyon Donatello Bonoskawitz, in accordance with what we think your dying wishes might well have been, we commit your final mortal remains to the bosom of the latest fat finger HFT tsunami of packet stuffing trades, which you loved so well. Good night, sweet prince.
beautiful
Awesome Red Pill! I'm sending you some cash...just gotta go find a cash machine.
Man. That was, maybe,... the best post I've ever seen here.
And I've been here awhile.
Fuck it, Dude. Let's go bowlin'.
What? what did the guy really die?
The FIRST step .
What problem was the cry from the bankers..
Gold, Bitchez!
Sorry! I couldn't help myself...
It's a trap. They won't even have to "false flag" the response... they are anxiously awaiting the opposition. In 5... 4... 3...
The Big Lebowski is right! $16+ trillion in debt, spending on a moonshot path, the Fed going crazy and enabling Obama/Congress theft from taxpayers/future generations, Europe doing more or less the same thing.
http://confoundedinterest.wordpress.com/2013/01/12/debt-star-federal-deb...
Why bother. They are going to do what they want anyway. There is no law anymore, so why listen, It's just them writing shit on a piece of paper and it don't mean shit
You seem to be under the impression that the system works. When the law is unjust and unconstitutional there is no law.
Call his ass to tell him to stop being the anti-dude:
it's too late...new york will be our petri dish...
I hope Gov Cuomo and Mayor Bloomberg have no presidential aspirations. They have just killed them.
Both do have, unfortunately, dictatorial ambitions...
It's probably a bit too late to be calling at this point. Your time would be better spent preparing to resist.
Add cream to Black Russian, create White Caucasian Russian. (vice Caucasian)
edit: Fuck, too many Causasions
"Easy dude.....I almost spilled my white russian."
Are we talking about the drink or the AK-47xWhite Widow cross?
Love White Russian (the white widow ak-47 cross, that is).
But it smells like chinaman pee.
The Chinaman is not the issue here
What the fuck are you talking about? The chinaman is not the issue here, Dude. I'm talking about drawing a line in the sand, Dude. Across this line, you DO NOT... Also, Dude, chinaman is not the preferred nomenclature. Asian-American, please.
Walter, this isn't a guy who built the railroads here.
This is what happens when you fuck a stranger in the ass...
http://www.youtube.com/watch?v=9ausPKEMVk0
Also when you Find a Stranger in the Alps
Yeah, I've got a rash man.
Shut the fuck up Gooch you're out of your element.
8 year olds, dude.
http://www.youtube.com/watch?v=IONyLZn0pLI
....you can call me Dooud, or el doouderino, but don't call me mr. Lewboski.
Aw, fuck it!
Yes, fuck it, that's your attitude about everything.
"This naked agression will not stand"
Just watched the Dude again the other night- great flick
Piss on...all of this
http://www.youtube.com/watch?v=EjmapdBbOYI
Darkness warshed over the Dude. Darker'n a black steer's tookus on a moonless prairie night. There was no bottom.
I will not tolerate another toe. (tax cheat as SEC-TRES under both fiat and keysenism)
Abide anther toe.
Not to be combative, but are you correcting my quote, or are you making an announcement to the hedgefund world that "carried interest" is not what Einstien meant by the most powerful force in the universe?
I, for one, welcome our new IRS task master.
With open "arms".
Timmay uses a straw to steer his reatrded world. "Arms" are for up and commers.
http://www.youtube.com/watch?v=_TANqlCkUbk
Bunny Lebowski: Act of inserting one's big toe into the anus of your partner during sex, especially to achieve orgasm.
Damn, learn something new every day....
Who says you can't get an education on the Internet?
Does that "toe" thing work on white guys?
You're not blowing