• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

Bill Gross On "New Form Capitalism"

Tyler Durden's picture


When even a "bond king" says the stock market is broken, is it not time for "the retail investor is coming back" cheerleaders to finally throw in the towel?

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Thu, 02/14/2013 - 12:40 | 3243345 dark pools of soros
dark pools of soros's picture

lots of 401ks sitting in the pond...  i just read they are at all time highs again..  must be the only real sign a crash is locked and loaded.. 

so now they can wait for a reason to cause the next crisis that they won't waste


Thu, 02/14/2013 - 13:38 | 3243548 ekm
ekm's picture

I thought the same way,

However,I can't see how by plundering pension plans, they'll be able to unload all the shit they have.

Not enough, IMO.


The predators are stuck.

Thu, 02/14/2013 - 11:51 | 3243144 Confundido
Confundido's picture

Just had the 10:30am slide....it appears the 8:20am didn't work in taking out $1,638/oz and now it must needs to definitely get it to $1,625...followed by $1,590, all the way to retest $1,525.

Thu, 02/14/2013 - 11:52 | 3243147 Dr. Engali
Dr. Engali's picture

Sheesh you're just now figuring that out Bill? Good Lord is that why you get paid the big bucks? 

Thu, 02/14/2013 - 11:53 | 3243156 Tsar Pointless
Tsar Pointless's picture


Stocks play ketchup as investors relish Heinz deal. (That's my headline for the story.)

Seriously, notice how the link to the story doesn't even match the updated story?

The Internet can't even keep up with our financial chicanery any longer.

Thu, 02/14/2013 - 11:54 | 3243161 lizzy36
lizzy36's picture

Ummmm - ZH has been talking about this for four years, and Bill Gross just picked up on it NOW?

Retail just needs to listen to BUFFET! BUY USA USA USA  (and get a lap dance from a certain cnbc anchor) ;).

Sat, 02/16/2013 - 11:57 | 3243186 earleflorida
earleflorida's picture

sorry 4 dupe

Thu, 02/14/2013 - 12:00 | 3243192 Mad Mohel
Mad Mohel's picture

No fucking shit Bill! You think there is funny shit going on?!

Thu, 02/14/2013 - 12:02 | 3243204 earleflorida
earleflorida's picture

basketball/ football exchange = two minute juice'd`finale... whence, the bookmaker tallies his, 'vig'

a sporting exchange one would presume?


Thu, 02/14/2013 - 12:03 | 3243210 SheepDog-One
SheepDog-One's picture

HOW are these Pimpco clowns not totaly bankrupt by now??

Thu, 02/14/2013 - 12:08 | 3243224 virgilcaine
virgilcaine's picture

Bill calling the kettle black. In depth tweets from Bill!

Thu, 02/14/2013 - 12:15 | 3243249 Doode
Doode's picture

The bond king will always try to make the stock market look bad - it is his business. Whether he is right or not is irrelevant.

Thu, 02/14/2013 - 12:15 | 3243252 john_connor
john_connor's picture

Stock market is run by futures manipulation during off hours and HFT during the day.  What new?  The gov can get massive bank for their buck with at least 50X leverage on futures.

Thu, 02/14/2013 - 12:23 | 3243291 RationalPrepper
RationalPrepper's picture

Yeah, part of me thinks that if it does fall apart, we'll wake up one morning and the bottom will have dropped out overnight and they'll be no escape.  The market will go bidless.  A lot of good stops will do if the S&P gets an overnight haircut of 30-50%. 

Thu, 02/14/2013 - 12:20 | 3243271 Falconsixone
Falconsixone's picture

Isn't the new capitalism oligarchical fascism with a hint of totalitarianism and an open pit mine full of slavery, death and extinction protocol?

Thu, 02/14/2013 - 12:21 | 3243277 Tsar Pointless
Tsar Pointless's picture

Sounds about right to me.

Thu, 02/14/2013 - 12:30 | 3243313 Super Broccoli
Super Broccoli's picture

"stock market didn't move ...", mate be real, the market has been printing-driven for quite a long time now, it can't surge every single day !

Thu, 02/14/2013 - 12:33 | 3243322 Kaiser Sousa
Kaiser Sousa's picture

yeah, markets are behaving strangely....

u wann c strange????




i meant - u wanna c manipulation...........

Thu, 02/14/2013 - 12:44 | 3243331 virgilcaine
virgilcaine's picture

What's weird all of the so called liquidity isn't making it to the PM's.. Is deflation lurking or what?  Silver in a Bear for two yrs.


Was it manipulation that sent it to 49$ 2 yrs ago?  The scary thing now is the Fed Spent Tens of Trillions and it didn't Work!!!!!It's going to get UUGLy Post Bernank (when Bernank starts cleaning up his mess) in late 2013.

Thu, 02/14/2013 - 13:27 | 3243489 Non Passaran
Non Passaran's picture

It's certainly feeling weird, but the weirder it gets (with PM prices, etc) the more I think I should keep buying.

Thu, 02/14/2013 - 12:42 | 3243353 falak pema
falak pema's picture

new market capitalism : CB controlled, infinite print liquidity, and oligarchy specific targetting. No place for small fish.

Imagine if Caesar and the Pope controlled the market; deep in debt but now setting all the bets at the rigged table; under total regulatory capture.

We are there. Only those in purple and with Caesar's blessing win at this casino. 

Thu, 02/14/2013 - 13:36 | 3243535 ekm
ekm's picture

Excellent post.


It's called COMMUNISM.

Thu, 02/14/2013 - 14:35 | 3243667 falak pema
falak pema's picture

what's in a name; a dog by another name would it Mew (like a puss)? 

If we use traditional etymology, Communists are people who act as dictators, in the name of the lowest echelons of society : the proles; aka dictatorship of proletariat by a Politburo. 

Hardly the case today. The FED represents the TBTF; aka the Jamie and Blankfein breed; behind them and the curtain, the Roths and Rockafellas of old.

How in hell can people defending THEIR values be labelled "Commies"? They are the capitalists par excellence!

While you're at it can you make Ben B mew by calling him : pussy? 


PS : for your info until Kissinger and Nixon went and played pong with Mao, no communist ever used rigged capital markets to make money and impose power; they used decrees, unilateral laws and police state execution. Same result but different method. State combines dont need to pretend about price discovery. They just IMPOSE the price, period; and they produce as monopolies; no choice for consumer!  

The west has not sunk that low; not yet! 

Thu, 02/14/2013 - 13:00 | 3243384 Inthemix96
Inthemix96's picture

Bill could give a fuck about you lot, as long as Bill makes the "easy" money off of all your backs.

Fucking Bill, another white collar shit hawk criminal.

Go do something constructive pencil neck, or LEARN "How" to "Do" something constructive, instead of living off the backs and labour of others.

Shit hawk, the worst kind.

Thu, 02/14/2013 - 13:08 | 3243421 CheapBastard
CheapBastard's picture

I had to take some paper off the table...too risky....I'd rather have a little pocket change then take a smack-down loss.


I'm One Cheap Bastard.

Thu, 02/14/2013 - 13:18 | 3243460 syntaxterror
syntaxterror's picture

How does an economy with corporations producing "record profits" and the goverrnment proving "record spending" and the Federal Reserve providing "record stimulus" have ZERO% GDP? I repeat, 0.000000000% GDP.

Can anyone answer this? Please.

Thu, 02/14/2013 - 14:53 | 3243756 Dineroguru
Dineroguru's picture

Good point:  It is all about concentration vs dispersion.  Record public company profits does not necessarily mean the Chinese laundry store on the corner is doing well.  Record spending-- beyond basic cronie pork is transfer payments that do not make up for the lost employment income and record stimulus--- it is a nominal clusterfuck that under reports the reality of prices!  Simple

Thu, 02/14/2013 - 15:55 | 3243966 Falconsixone
Falconsixone's picture

Bombs blowup....gotta buy more. Stock piling 2 billion rounds. Need new jet,tanks, ships, bunkers, tsa peter puffera, dhs map readers, mercury for flu shots, aluminium oxide to spray on yew, flouride for drinking water, depleted uranium, think tanks that think about how to kill.... etc. etc. etc.


Funny no worries about global radiation just cherry picked data climate change rhetoric while they spray 1000's of tons of chemtrail poisions, heavy metals and radiation. Climates change. They just want carbon credits they control because their fiat tp is done and they can't use gold/silver because it's real.

Thu, 02/14/2013 - 15:52 | 3243955 trendybull459
trendybull459's picture

Bill Gross is apuppet of the current system deploy rich for slavering others,so he can shuffle his cards,but their time os over,you "can lie,but you cannot hide" Depesh Mode 

have and must to see: http://trendybull777.blog.com/2013/02/14/stop-investingstart-createthink... "I love to travel,I love to be sponsored,I love things for free just because I'm a chick..."The other forms of prostitutes the Matrix try to keep going while prostitutes loosing jobs because rich corporative clients and bankers gettin hair cuts.Babies,you soon belong to the working class and taking water to home from the 10km long by step :)))))))))) Matrix should be reloaded: http://www.travelgirls.com/ad/je03ad61/?matchtype=&creativeid=1538580506...

Thu, 02/14/2013 - 17:32 | 3244388 Shizzmoney
Shizzmoney's picture

The fact he calls this "capitalism" goes to show that this man, who holds billions in client's money, doesn't really know shit.

Thu, 02/14/2013 - 17:32 | 3244393 sessinpo
sessinpo's picture

Nothing new. Capitalism is capitalism. The difference is in whether flows to more prosperous places due to fundamental economics or whether it flows because of corruption and manipulation.


This isn't new. Both exist at the same time. The difference is that the areas of corruption and manipulation are growing and is larger then the fundamental economic reasons.

Thu, 02/14/2013 - 21:51 | 3245135 MeelionDollerBogus
MeelionDollerBogus's picture


"Nothing new. Capitalism is capitalism."


Huge difference. Capitalism requires things like consent, contracts & actual capital. Printing centrally controlled currency enforced by government and/or private officer armies to confiscate wealth using taxation in the chosen fiat currency is very much anti-capitalism And there’s nothing you can add to this which inverts the change – you have to remove it at the source. No more centrally controlled fiat, no more fractional-reserve, no more special inequalities in law which disregard contracts & property law for SELECTED parties. Do all that and we may return to capitalism but what we have now is the precise mirror image of it. BROKEN property rights BROKEN contracts and BROKEN LAWS with a special privileged class able to continue to be paid to do criminal things while WE would be imprisoned for the same activity.

Thu, 02/14/2013 - 20:28 | 3244964 Bunga Bunga
Bunga Bunga's picture

Wasn't Gross briefed on central planning yet?

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