Forget Previous Bubbles, This Is The Big Lebowski

Tyler Durden's picture




 

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?

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Tue, 01/15/2013 - 11:08 | 3153947 The Gooch
The Gooch's picture

Ties the room together.

Tue, 01/15/2013 - 11:11 | 3153955 THX 1178
THX 1178's picture

That's just like... your opinion, man.

Tue, 01/15/2013 - 11:14 | 3153967 GetZeeGold
GetZeeGold's picture

 

 

Easy dude.....I almost spilled my white russian.

Tue, 01/15/2013 - 11:14 | 3153972 The Gooch
The Gooch's picture

It's "Caucasian".

Tue, 01/15/2013 - 11:15 | 3153976 GetZeeGold
GetZeeGold's picture

 

 

.....I've always wondered why.

Tue, 01/15/2013 - 11:17 | 3153981 The Juggernaut
The Juggernaut's picture

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...

Tue, 01/15/2013 - 11:21 | 3153991 hedgeless_horseman
hedgeless_horseman's picture

 

 

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.

There is hope...

http://www.gamblersanonymous.org/ga/

Most of us have been unwilling to admit we were real problem gamblers. No one likes to think they are different from their fellows. Therefore, it is not surprising that our gambling careers have been characterized by countless vain attempts to prove we could gamble like other people. The idea that somehow, some day, we will control our gambling is the great obsession of every compulsive gambler. The persistence of this illusion is astonishing. Many pursue it into the gates of prison, insanity or death.

Tue, 01/15/2013 - 11:22 | 3154003 FEDbuster
FEDbuster's picture

Little Lebowski Urban Achievers one and all.

Tue, 01/15/2013 - 11:38 | 3154049 Big Slick
Big Slick's picture

Say what you will about the tenets of national socialism, dude, at least it's an ethos.

Tue, 01/15/2013 - 11:53 | 3154106 redpill
redpill's picture

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.

Tue, 01/15/2013 - 12:40 | 3154280 vamoose1
vamoose1's picture

beautiful

Tue, 01/15/2013 - 14:06 | 3154556 RafterManFMJ
RafterManFMJ's picture

Awesome Red Pill! I'm sending you some cash...just gotta go find a cash machine.

Tue, 01/15/2013 - 18:18 | 3155660 mtomato2
mtomato2's picture

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'.

Tue, 01/15/2013 - 20:15 | 3156019 msamour
msamour's picture

What? what did the guy really die?

Tue, 01/15/2013 - 11:37 | 3154044 Winston Churchill
Winston Churchill's picture

The FIRST step .

What problem was the cry from the bankers..

Tue, 01/15/2013 - 13:52 | 3154517 Jonas Parker
Jonas Parker's picture

Gold, Bitchez!

 

Sorry! I couldn't help myself...

Tue, 01/15/2013 - 11:19 | 3153996 kridkrid
kridkrid's picture

It's a trap.  They won't even have to "false flag" the response... they are anxiously awaiting the opposition.  In 5... 4... 3...

Tue, 01/15/2013 - 11:30 | 3154027 Snakeeyes
Snakeeyes's picture

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...

Tue, 01/15/2013 - 11:43 | 3154059 NewAmericaNow
NewAmericaNow's picture

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

Tue, 01/15/2013 - 11:44 | 3154060 NewAmericaNow
NewAmericaNow's picture

You seem to be under the impression that the system works. When the law is unjust and unconstitutional there is no law.

Tue, 01/15/2013 - 12:16 | 3154195 lostintheflood
lostintheflood's picture

Call his ass to tell him to stop being the anti-dude:

it's too late...new york will be our petri dish...

Tue, 01/15/2013 - 13:01 | 3154359 Bicycle Repairman
Bicycle Repairman's picture

I hope Gov Cuomo and Mayor Bloomberg have no presidential aspirations. They have just killed them.

Tue, 01/15/2013 - 13:57 | 3154523 Jonas Parker
Jonas Parker's picture

Both do have, unfortunately, dictatorial ambitions...

Tue, 01/15/2013 - 14:41 | 3154686 aerojet
aerojet's picture

It's probably a bit too late to be calling at this point.  Your time would be better spent preparing to resist.

Tue, 01/15/2013 - 13:42 | 3154463 Reprobate
Reprobate's picture

Add cream to Black Russian, create White Caucasian Russian. (vice Caucasian)

edit: Fuck, too many Causasions

Tue, 01/15/2013 - 13:04 | 3154362 squib
squib's picture

"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).

Tue, 01/15/2013 - 11:11 | 3153956 SelfGov
SelfGov's picture

But it smells like chinaman pee.

Tue, 01/15/2013 - 11:17 | 3153986 GolfHatesMe
GolfHatesMe's picture

The Chinaman is not the issue here

Tue, 01/15/2013 - 11:43 | 3154062 Gamma735
Gamma735's picture

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.

Tue, 01/15/2013 - 12:52 | 3154319 Jeff Lebowski
Jeff Lebowski's picture

Walter, this isn't a guy who built the railroads here.

Tue, 01/15/2013 - 11:11 | 3153957 TheGermanGuy
TheGermanGuy's picture

This is what happens when you fuck a stranger in the ass...

 

http://www.youtube.com/watch?v=9ausPKEMVk0

 

Tue, 01/15/2013 - 11:18 | 3153989 GolfHatesMe
GolfHatesMe's picture

Also when you Find a Stranger in the Alps

Tue, 01/15/2013 - 11:14 | 3153970 Gypsyducks
Gypsyducks's picture

Yeah, I've got a rash man.

Tue, 01/15/2013 - 11:37 | 3154039 I need more cowbell
I need more cowbell's picture

Shut the fuck up Gooch you're out of your element.

Tue, 01/15/2013 - 11:51 | 3154098 The Gooch
Tue, 01/15/2013 - 11:45 | 3154066 Dooud
Dooud's picture

....you can call me Dooud, or el doouderino, but don't call me mr. Lewboski.

Tue, 01/15/2013 - 14:42 | 3154691 aerojet
aerojet's picture

Aw, fuck it! 

Yes, fuck it, that's your attitude about everything.

Tue, 01/15/2013 - 11:47 | 3154073 azzhatter
azzhatter's picture

"This naked agression will not stand"

 

Just watched the Dude again the other night- great flick  

Tue, 01/15/2013 - 13:10 | 3154380 ptoemmes
Tue, 01/15/2013 - 13:33 | 3154448 BullsNBeers
BullsNBeers's picture

Darkness warshed over the Dude. Darker'n a black steer's tookus on a moonless prairie night. There was no bottom.

Tue, 01/15/2013 - 11:12 | 3153963 wisefool
wisefool's picture

I will not tolerate another toe. (tax cheat as SEC-TRES under both fiat and keysenism)

Tue, 01/15/2013 - 11:29 | 3154021 ChubbNut
ChubbNut's picture

Abide anther toe.

Tue, 01/15/2013 - 11:34 | 3154037 wisefool
wisefool's picture

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.

Tue, 01/15/2013 - 11:37 | 3154040 The Gooch
The Gooch's picture

With open "arms".

Tue, 01/15/2013 - 12:39 | 3154277 wisefool
wisefool's picture

Timmay uses a straw to steer his reatrded world. "Arms" are for up and commers.

http://www.youtube.com/watch?v=_TANqlCkUbk

Tue, 01/15/2013 - 11:56 | 3154115 hedgeless_horseman
hedgeless_horseman's picture

 

 

Abide anther toe.

A. Oh, yeah... oh! oh! Do the bunny! Give me the bunny!
B. You want a toe? I can get you a toe!
A. OY! OY! Ahhh...

Bunny Lebowski: Act of inserting one's big toe into the anus of your partner during sex, especially to achieve orgasm.

Tue, 01/15/2013 - 11:58 | 3154126 Flakmeister
Flakmeister's picture

Damn, learn something new every day....

Tue, 01/15/2013 - 12:57 | 3154339 FEDbuster
FEDbuster's picture

Who says you can't get an education on the Internet?

Tue, 01/15/2013 - 12:59 | 3154346 ronaldawg
ronaldawg's picture

Does that "toe" thing work on white guys?

Tue, 01/15/2013 - 12:28 | 3154240 GolfHatesMe
GolfHatesMe's picture

You're not blowing

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