"The SEC plan comes after a long debate over whether changes made in 2010 were enough to avoid a repeat of a run on money market funds seen at the height of the financial crisis."
Well well well. I suppose Tyler will be on this shortly. That creaking sound you hear is the exit gates slowly swinging shut.
Since no one wants their vacation ruined, I expect they will wait until September before letting this pig crash.
And they 'give' us 90 days to comment. Like our comments will make any difference. Totalitarian Democracy, where"…liberty can be made into a powerful instrument of domination. … Free election of masters does not abolish the masters or the slaves..." -Herbert Marcuse
I wonder if the big banks will send their lobbyists to push back on this one, or if they feel the fees are a greater benefit to them than the obvious souring of the entire "asset class"?
Fully expect it. Noticed the charges and penalties also. All to prevent the vested interests from claiming all the worth as theirs. Very like the banking system whereby using plastic money they can claim all worth as theirs.
Pull the lot. Better to hold it yourself and probably convert it into something else like gold, silver, precious gems, anything but paper unless paper becomes cheaper than toilet paper.
I remember asking for physical redemption of gold 'held in an account' for me, a couple years back. I had already bought the gold, and paid a premium for physical. Then when I requested withdrawal there was extra fees all over the place. Another fee for physical redemption, fees for insurance, shipping, etc. I could tell they expected me to say "Oh, you can keep it for me. Sorry to bother you"
But I just said "OK. OK. OK. You need me to liquidate $50 in my account to pay for it? Can I do it while we are on the phone? One sec..."
Another sign this shit is about to go down, I keep some cash at a "name" bank (employer insists on direct deposit for my paycheck at their institution of choice), and they recently visited to make a deposit into my savings account. The teller started processing the deposit and then said "excuse me one moment sir" and left for about 30 sec. Out rolls the bank manager to tell me "your savings aren't generating much of a return, I can connect you with our financial advisor on maybe placing those funds in a money market mutual fund if you're interested", so on and so forth, I ended up making an excuse about being in a hurry to avoid a "Jesus in the temple" incident, but this was one of the banks considered "one of the most stable" even during the "crisis". Mind you, I don't keep much money there (we're talking sub $10K), and I've never had one of these suited dipshits interact with me for any reason whatsoever.
I commented/asked for feedback about something similar about a month ago. Both myself and couple friends with large accounts kept getting unsolicited offers for personal or business loans from our banks, or requests to ReFi mortgages held at the same banks. It was really strange because we all banked at different places but got hit with the offers within days of each other.
I've also been getting calls about every two weeks from the wealth management unit of my bank begging to meet me.
Tangentially related, I've had a couple offers (indirectly) by people wanting to borrow money at 10%/year interest for private financing of home purchases because they were getting turned down by the banks at any interest rate, even though the deals were around 50% LTV, ie huge amount of equity already in.
I agree with you, there's a lot of very odd things happening in the retail finance sector, and I don't think any of this is good news.
These bastards ask me the same thing. The teller says, we keep about double what you have in our main checking account, that we should upgrade to a savings account where we can earn interest. Althought they've never said money market account. They seriously ask EVERYTIME! I'm patient enough because I can see the girl become nervous as she tries to get me to switch.
Well, it would make it easier to pay the neighbors enough so that they might agree to drive to various shelters and "rescue" fresh cats every few days.
I bought it cheap many years ago and now I need to sell some of it. Did it ever occur to anyone, that almost everyone is getting fucked over and the assholes are still skimming off our future. That yes, it is an opportunity to buy more on the cheap, because the fuckwad sociopaths are still in controll and still stealing from us. That thousands are still waiting for at least a little movement to trigger a safety move into PM's. That others laugh at me, AT ME!!!!! BECAUSE THE STOCK MARKET IS UP AND SILVER IS DOWN. Allright, maybe my sense of humor is a little over raped, but I sure would like some satisfaction instead of soreness and blood.
Folks in Hamptons sitting with girls who look WAY too young in bikini's saying..."and don't forget to pay yourself!" ah, so many moving parts. so many moving parts. if only we could just be long and leave it at that...
Somehow that cartooon makes me think of the story of United Flight 93 and its alleged crash in Shanksville, Pennsylvania after an alleged hijacking on 11 September 2001
In the cartoon just perhaps like with Flight 93, a plane shot down by its own government ...
Let's say hypothetically that I wanted to investigate that specific claim, and others associated with that date of a similar nature, where could you recommend that I start?
Don't worry the Bernank will print a nice soft pile of fiat to lessen the impact of the crash. Unfortunatly we will all die by incineration when it catches fire from the jet fuel......much like the twin towers.
And a 2.10 close.... she opens up 75-100 on the dow and the bond opens 2.13..... big Pomo tomorrow. After 11 who knows but its all roses at the open. Dont matter if Japan is limit down tonight.
It was an unusually long, slow, graceful descent. SPX bounced around a bit but even that was within parameters. I don't believe either that fear is motivating anything. People are way too comfortable with the thought that Bernanke will come in, spend a few billion, and all will be right with their world.
There was more fear in Feb with Italian elections. The fear got to be a bit less in March with Cyprus bail in. Now its a whisper. Complacency has set in.....
you are right doc.........the money men are just waiting to BTFD..............they BELIEVE in the recovery!!! they BELIEVE in the bernank!!!.....nope......hopes are not dashed yet........................now everybody back to their seats..............................
Printing your way out of this 100 year credit binge soon debt collapse would be the financial equivalent of doing a 'split S to the chocks', but our Cap'n Ben has the wrong stuff: his recovery attempt using the opposite of an Immelmann, may soon be known as 'the Immolate'em'.
Ben is leaving soon. Elections in June/July for Japan so possible Abenomics could end. To top it off, talking about passing immigration on July 4th. Happy Independence day...lol
Its all OK Ben (not) If everything when it occupies an equal space is at rest, and if that which is in locomotion is always occupying such a space at any moment, the flying arrow is therefore motionless.Aristotle
"Well, which is it, young feller? You want I should freeze or get down on the ground? Mean to say, if'n I freeze, I can't rightly drop. And if'n I drop, I'm a-gonna be in motion
This economy is now a part of the Bernanke legacy and the PHD he received from Yale for economics has played out in the past five years in real time. That comic should be included with his thesis. Unfortunately the joke on the American citizens is all too real.
Bernanke was educated at East Elementary, J. V. Martin Junior High, and Dillon High School, where he was class valedictorian and played saxophone in the marching band.[17] Since Dillon High School did not offer calculus at the time, Bernanke taught it to himself.[18][19] Bernanke achieved an SAT score of 1590 out of 1600.[18][20]
Explains his superb formula for enriching himself and his bankster friends and families till nothing is left to steal....99% of the victims won't know what happed till the very end.
The economic situation reminds me of this stark, dark story on the Air France Airbus crash---due to the pilots being out of touch with some key indicators, they had no idea that they were just above the water. (They thought they were flying high). http://www.telegraph.co.uk/technology/9231855/Air-France-Flight-447-Damn...
A young man joined the Army and signed up with the paratroopers. He went though the standard training, completed the practice jumps from higher and higher structures, and finally went to take his first jump from an airplane. The next day, he called home to his father to tell him the news.
"So, did you jump?" the father asked.
"Well, let me tell you what happened. We got up in the plane, and the sergeant opened up the door and asked for volunteers. About a dozen men got up and just walked out of the plane!"
"Is that when you jumped?" asked the father.
"Um, not yet. Then the sergeant started to grab the other men one at a time and throw them out the door."
"Did you jump then?" asked the father.
"I'm getting to that. Every one else had jumped, and I was the last man left on the plane. I told the sergeant that I was too scared to jump. He told be to get off the plane or he'd kick my butt."
"So, did you jump?"
"Not then. He tried to push me out of the plane, but I grabbed onto the door and refused to go. Finally he called over the Jump Master. The Jump Master is this great big guy, about six-foot five, and 250 pounds. He said to me, `Boy, are you gonna jump or not?' I said, `No, sir. I'm too scared.' So the Jump Master pulled down his zipper and took his penis out. I swear, it was about ten inches long and as big around as a baseball bat! He said, `Boy, either you jump out that door, or I'm sticking this little baby up your ass.'"
LOL! Whoever drew that must not havea pH Dee from and accredited Ivy Leage university. /s
There is no earth.
After jumping off the 100th floor, the opptomist thinks to him self as he past the 4th floor, "So Far, So Good."
Its fitting that the plane looks similar to the Dreamliner from BOEING. Lots of shattered dreams will become reality.
This woulda never happened if FIRST CLASS weren't so topheavy...
Planes can't fly that low to the ground over great distances...unless they are flying into the Pentagon.
Ben will just change the rules to make it okay. The plane can fly forever if I just don't recognize it as a crash.
Very simple: The plane represents wealth. The wealth is about to be distributed throughout the land.
Ben B.
Similar to Flight 93's debris field?
:-0
It's the American Dreamliner 787......
because in the words of George Carlin...."You have to be asleep to believe it."
Great comment Francis S.
Wow...Priceless...(Francis)
Obama's epitaph: "Controlled flight into terrain".
That's a hump back whale 747 no ?
It's not the fall that gets ya, it's the sudden stop at the end.
Gravity Bitchez!!!!!!!!
Negative Divergent Field of Acceleration...Bitches!
Note the "Acceleration" part, that's important for forward planning.
Cycles repeat, nature corrects, variables vary, and we move on to the next.
Yeah. Someone told me how unlikely an economic collapse is considering the recent past. Does death become less likely with age?
In my entire life I have never died. I'm sure I'll live forever
Its not that the plane is flying into the earth, its not the planes fault. The earth is actually hurtling itself at the plane.
Just ask Ben, he will confirm.
and off frame...
Jamie Diamond, suspended below a silk parachute, floats slowly toward earth; smiling he murmurs, "I'm richer than you".
According to Sir Isaac they are each falling towards each other.
...but Einstein would say it does not matter. 'Tis but a matter of relative motion.
Are they falling, or just responding to perturbations in time?
Negatory. This guys got a job.
OT and holy shit, the bastards are really going to do this?
http://finance.yahoo.com/news/sec-unveils-middle-road-reforms-140801516.html
"liquidity fees and redemption gates" on money markets.
"The SEC plan comes after a long debate over whether changes made in 2010 were enough to avoid a repeat of a run on money market funds seen at the height of the financial crisis."
Well well well. I suppose Tyler will be on this shortly. That creaking sound you hear is the exit gates slowly swinging shut.
Since no one wants their vacation ruined, I expect they will wait until September before letting this pig crash.
Tyler was on this about two years ago. Did quite a few extensive articles about the whole scam.
Yes I remember, but now it looks like its actually happenning.
And they 'give' us 90 days to comment. Like our comments will make any difference. Totalitarian Democracy, where"…liberty can be made into a powerful instrument of domination. … Free election of masters does not abolish the masters or the slaves..." -Herbert Marcuse
I wonder if the big banks will send their lobbyists to push back on this one, or if they feel the fees are a greater benefit to them than the obvious souring of the entire "asset class"?
You mean it's like Mrs. K's policy that I have 90 days in which to inquire and comment about anything I want?
The timing on this is suspicious
My thoughts are that just discussing this will cause a stampede to the exits.
The link.
Fully expect it. Noticed the charges and penalties also. All to prevent the vested interests from claiming all the worth as theirs. Very like the banking system whereby using plastic money they can claim all worth as theirs.
Pull the lot. Better to hold it yourself and probably convert it into something else like gold, silver, precious gems, anything but paper unless paper becomes cheaper than toilet paper.
I remember asking for physical redemption of gold 'held in an account' for me, a couple years back. I had already bought the gold, and paid a premium for physical. Then when I requested withdrawal there was extra fees all over the place. Another fee for physical redemption, fees for insurance, shipping, etc. I could tell they expected me to say "Oh, you can keep it for me. Sorry to bother you"
But I just said "OK. OK. OK. You need me to liquidate $50 in my account to pay for it? Can I do it while we are on the phone? One sec..."
Another sign this shit is about to go down, I keep some cash at a "name" bank (employer insists on direct deposit for my paycheck at their institution of choice), and they recently visited to make a deposit into my savings account. The teller started processing the deposit and then said "excuse me one moment sir" and left for about 30 sec. Out rolls the bank manager to tell me "your savings aren't generating much of a return, I can connect you with our financial advisor on maybe placing those funds in a money market mutual fund if you're interested", so on and so forth, I ended up making an excuse about being in a hurry to avoid a "Jesus in the temple" incident, but this was one of the banks considered "one of the most stable" even during the "crisis". Mind you, I don't keep much money there (we're talking sub $10K), and I've never had one of these suited dipshits interact with me for any reason whatsoever.
Next time it will be "sorry ur money is gone, sir"
You won't get a "sorry", they will hand you a piece of paper instead and tell you " you are now a shareholder of the bank".
"And its gone"
How do they expect 'bail-ins' to prevent bank runs again? Knowing I am partially on the hook means I will panic sooner, and to a greater extent!
Failure plan = planning to fail
A reverse bank robbery. Ironic.
Sounds like a desperation move on their part.
I commented/asked for feedback about something similar about a month ago. Both myself and couple friends with large accounts kept getting unsolicited offers for personal or business loans from our banks, or requests to ReFi mortgages held at the same banks. It was really strange because we all banked at different places but got hit with the offers within days of each other.
I've also been getting calls about every two weeks from the wealth management unit of my bank begging to meet me.
Tangentially related, I've had a couple offers (indirectly) by people wanting to borrow money at 10%/year interest for private financing of home purchases because they were getting turned down by the banks at any interest rate, even though the deals were around 50% LTV, ie huge amount of equity already in.
I agree with you, there's a lot of very odd things happening in the retail finance sector, and I don't think any of this is good news.
They have no place to grow...and so must actively sell to anyone with even modest savings...
I always laugh at those. They make it sound like they have financial experts on hand to "help". It's obvious they just want to take a bite.
These bastards ask me the same thing. The teller says, we keep about double what you have in our main checking account, that we should upgrade to a savings account where we can earn interest. Althought they've never said money market account. They seriously ask EVERYTIME! I'm patient enough because I can see the girl become nervous as she tries to get me to switch.
It happened at Wells Fargo.
doesn't eliminating leverage in all its forms fix all problems of the scam infested 'financial' markets?
"OT and holy shit, the bastards are really going to do this?
http://finance.yahoo.com/news/sec-unveils-middle-road-reforms-140801516.html
"liquidity fees and redemption gates" on money markets."
It's called locking the fire escape doors when a fire is imminent.
This is how the economy is performing...up, up and ohhh!
http://www.youtube.com/watch?v=lksDISvCmNI
Any landing you can walk away from is a.....over nevermind.
Pilot to Passengers: "We see Green shoots!" OR
Pilot: "Stewardess, Bring us a couple of shots of tequila and expresso ASAP! We need some stimulus to turn this thing around!"
I hope the bottom in Gold and Silver is in
Why? Are you tired of being able to buy it cheap?
I just want to finally see the moonshot.
Me too, then I can't wait to go shopping for whatever the fuck else will do the aforemenetioned "moonshot"
I'm tired of running out of fiatski's to buy it with!
Unlike some people(84 yo wins $590m jackpot):
http://www.baynews9.com/content/news/baynews9/news/article.html/content/news/articles/bn9/2013/6/5/winning_zephyrhills_.html?cmpid=breaking
He'll be dead in a month if he spends it like I would at 84.
ME <---- Drunk, stoned, sitting on my front porch with a shotgun shooting at the neighbors cats, in my underwear no less. Thats what
me at 84 with millions of dollars looks like.
you need to win the lottery to do that at 84?
Well, it would make it easier to pay the neighbors enough so that they might agree to drive to various shelters and "rescue" fresh cats every few days.
I hope they find him dead in Las Vegas with a champagne bottle in one hand and a whore's tit in the other.
I bought it cheap many years ago and now I need to sell some of it. Did it ever occur to anyone, that almost everyone is getting fucked over and the assholes are still skimming off our future. That yes, it is an opportunity to buy more on the cheap, because the fuckwad sociopaths are still in controll and still stealing from us. That thousands are still waiting for at least a little movement to trigger a safety move into PM's. That others laugh at me, AT ME!!!!! BECAUSE THE STOCK MARKET IS UP AND SILVER IS DOWN. Allright, maybe my sense of humor is a little over raped, but I sure would like some satisfaction instead of soreness and blood.
annnnd.... boom goes the dynamite
that's what I say
Check 6
Euro locked on our tail
PULL UP! MUST....HOLD.....15000.....
Hey, Who took away my flipp'in 3:30 Rally?
I used all my POMO allocation for the day and people kept on selling, nothing more I could do. Sorry, we tried our best...The FED
/sarc/
"All Hands on Deck!!! It's 3:45...Gotta hold 15000!!!! Now!!!!
2 minutes to go.....
Edit: It was just a minor correction. Nothing to see here. -CNBC
Bernanke leaves the printing press to take a quick piss, and look what happens.
... tried to come up with a joke regarding Bernanke's liquidity, but failed miserably.
Turns out it wasn't a #1, but a #2 "beige" moment....
Funny, but the trees don't look like green shoots. Must be those leaveless types of shoots.
No leaves : winter is coming!
POMO Airlines
lol good one XD
looks like the PPT will be working late tonight, and coming in early tomorrow, to make this dip look buyable. below 1600, say goodnight.
And Dow below 15000 ...
Timberrrrrrrrr
talk to me goose, errrr PPT, talk to meeeee
Those people are wishing they were on a no-fly list.
But their troubles will be over -- in about another 40 feet.
Folks in Hamptons sitting with girls who look WAY too young in bikini's saying..."and don't forget to pay yourself!" ah, so many moving parts. so many moving parts. if only we could just be long and leave it at that...
Now THAT'S funny! (Haven't been long myself since 2007. Damn.)
Somehow that cartooon makes me think of the story of United Flight 93 and its alleged crash in Shanksville, Pennsylvania after an alleged hijacking on 11 September 2001
In the cartoon just perhaps like with Flight 93, a plane shot down by its own government ...
BGIB,
Let's say hypothetically that I wanted to investigate that specific claim, and others associated with that date of a similar nature, where could you recommend that I start?
Thanks
Brother, it's a little late to be doing that kind of research. We've moved way beyond 9/11.
Why not take a closer look at the more recent past? For instance, it seems that they are trying to cover something up in CT.
"Newtown Committee Votes to Raze Sandy Hook School"http://online.wsj.com/article/SB1000142412788732374460457847621022299189...
"Malloy Signs Bill To Withhold Homicide Photos, Other Records, After Newtown"
http://www.chicagotribune.com/news/nationworld/hc-secret-foi-newtown-060...
Whats good for the goose is good for the gander.
"If they (the gov't) didn't do anything wrong, what is there to hide?"
Loose Change
http://www.youtube.com/watch?v=Fu_6_PvSbg4
9/11 for beginners
Start here:
How did building number 7 fall when it wasnt hit by a plane?
Also, how did it fall at free fall speed with no resistance from the floors below?
Watch a video of Building 7 collapse next to a demolished building and it is obvious 7 was intentionally taken down.
No denying that.
What next..??
What do we do with that fact...that knowledge..??
We ask, who had insider knowledge? Did anyone who works at the WTC conveniently not show up for work that day?
Did anyone make bets with that knowledge, such as buying call options or selling puts?
Did an owner (Larry Silverstein) of the buildings possibly know, and get 'terrorism insurance' shortly prior?
Webster Tarpley
Synthetic terrorism made in USA
http://www.indymedia.org.uk/media/2005/07/317436.pdf
give it a rest man!
Don't worry the Bernank will print a nice soft pile of fiat to lessen the impact of the crash. Unfortunatly we will all die by incineration when it catches fire from the jet fuel......much like the twin towers.
And a 2.10 close.... she opens up 75-100 on the dow and the bond opens 2.13..... big Pomo tomorrow. After 11 who knows but its all roses at the open. Dont matter if Japan is limit down tonight.
I have 2.09, but who's quibbling? What's your intermediate term prediction?
Doc wtf is up with that? even 2.09 is strange. We should be closer to 2%. It's like it's stuck.
It is weird like gold and oil. Personally I don't believe there is any real fear right now. Everybody thinks the Bernank will do moar.
agreed that selloff was way too calm
It was an unusually long, slow, graceful descent. SPX bounced around a bit but even that was within parameters. I don't believe either that fear is motivating anything. People are way too comfortable with the thought that Bernanke will come in, spend a few billion, and all will be right with their world.
Which would be funny if EKM turns out to be right and this thing goes from a calm descent to spiraling out of control.
EKM just might get his "read my lips" moment. And yes, that would be pretty funny.
There was more fear in Feb with Italian elections. The fear got to be a bit less in March with Cyprus bail in. Now its a whisper. Complacency has set in.....
you are right doc.........the money men are just waiting to BTFD..............they BELIEVE in the recovery!!! they BELIEVE in the bernank!!!.....nope......hopes are not dashed yet........................now everybody back to their seats..............................
S&P 500 ran into the 50 day moving average today, so with a big POMO tomorrow BTFD will probably work again. For how long, is the question.
on the express elevator to hellllllllllll
http://www.youtube.com/watch?v=uDLQg8ZKBS8
+55 million.
"We're in the pipe, 5 by 5"
Second greatest Sci-Fi movie after Forbidden Planet.
Soneone wake up Hicks.
"why don't you put her in charge?!!!"
http://www.youtube.com/watch?v=9fcb3rgckF8
Its not as much the free fall but the sudden stop that does the damage....
The crash will be a lot less painful than people think if the reality of the market is allowed to assume control.
Three old pilots are walking on the ramp. First one says, “Windy, isn’t it?”
Second says, “No, it’s Thursday!”
Third one says, “So am I. Let’s go get a beer.”
No offence, but this joke is so bad, that I am still trying to figure out which is worse....the joke or the economy.
Try googling "aeoplane jokes".
I tried googling "aeoplane jokes" and it kept coming up "airplane jokes"....stupid google.
Keep trying.....after all Ben and Abe haven't given up yet either.
What's googling?
Never catch a falling Jumbo Jet.
That's simply what the airlines call, "A premature arrival".
Guess the Bennybucks didn't have the usual effect at 3:20..
Printing your way out of this 100 year credit binge soon debt collapse would be the financial equivalent of doing a 'split S to the chocks', but our Cap'n Ben has the wrong stuff: his recovery attempt using the opposite of an Immelmann, may soon be known as 'the Immolate'em'.
Thank goodness for airbrakes. Saw that on a cartoon once.
+1,000,000 for the Bugs Bunny reset...
Foam the runway! S&P coming in hot!
Ben: "GET TO THE CHOPPA!!!"
"Grab my hand eeef you wan to liiiv"
Ben is leaving soon. Elections in June/July for Japan so possible Abenomics could end. To top it off, talking about passing immigration on July 4th. Happy Independence day...lol
Its all OK Ben (not) If everything when it occupies an equal space is at rest, and if that which is in locomotion is always occupying such a space at any moment, the flying arrow is therefore motionless. Aristotle
"Well, which is it, young feller? You want I should freeze or get down on the ground? Mean to say, if'n I freeze, I can't rightly drop. And if'n I drop, I'm a-gonna be in motion
That old-timer threw off my concentration. Otherwise it would have gone smoother.
Never leave a man behind!
Those pikers on CNBS, are pumping BTFD already. That stupid sock puppet from ABBOT must be pretty heavily levered.
This economy is now a part of the Bernanke legacy and the PHD he received from Yale for economics has played out in the past five years in real time. That comic should be included with his thesis. Unfortunately the joke on the American citizens is all too real.
MIT. Don't insult the Yalies.
You are correct.
EducationBernanke was educated at East Elementary, J. V. Martin Junior High, and Dillon High School, where he was class valedictorian and played saxophone in the marching band.[17] Since Dillon High School did not offer calculus at the time, Bernanke taught it to himself.[18][19] Bernanke achieved an SAT score of 1590 out of 1600.[18][20]
Bernanke attended Harvard University, where he lived in Winthrop House with the future CEO of Goldman Sachs, Lloyd Blankfein, and graduated with a Bachelor of Arts in economics summa cum laude in 1975. He received the doctor of philosophy degree in economics from the Massachusetts Institute of Technology in 1979 after completing and defending his dissertation, Long-Term Commitments, Dynamic Optimization, and the Business Cycle. Bernanke's thesis adviser was the future governor of the Bank of Israel, Stanley Fischer, and his readers included Irwin S. Bernstein, Rudiger Dornbusch, and Robert Solow of MIT and Peter Diamond and Dale Jorgenson of Harvard.[21]
My apology to all Yalies.
Fuck the Yalies.
Its not Yale thats the problem so much as the Skull and Bones it is comprised of.
Explains his superb formula for enriching himself and his bankster friends and families till nothing is left to steal....99% of the victims won't know what happed till the very end.
Just wait the SEC has ruled that Money Market funds won't be peged to $1.00....this should work out....(Bail ins coming)
The QE4Ever trend channel looks like it has a bottom just below 1600. You might hate it but it will touch bottom and then POMO on up again.
And please, never confuse the economy with the stock market.
The only question now is, "How big will the crater be ?"
"Looks like I picked the wrong week to quit sniffing glue."
"Looks like I picked the wrong week to end my bath salt sepositories."
The economic situation reminds me of this stark, dark story on the Air France Airbus crash---due to the pilots being out of touch with some key indicators, they had no idea that they were just above the water. (They thought they were flying high). http://www.telegraph.co.uk/technology/9231855/Air-France-Flight-447-Damn...
just need "the deer" right under the nose looking up in shock and this would be perfect...
A young man joined the Army and signed up with the paratroopers. He went though the standard training, completed the practice jumps from higher and higher structures, and finally went to take his first jump from an airplane. The next day, he called home to his father to tell him the news.
"So, did you jump?" the father asked.
"Well, let me tell you what happened. We got up in the plane, and the sergeant opened up the door and asked for volunteers. About a dozen men got up and just walked out of the plane!"
"Is that when you jumped?" asked the father.
"Um, not yet. Then the sergeant started to grab the other men one at a time and throw them out the door."
"Did you jump then?" asked the father.
"I'm getting to that. Every one else had jumped, and I was the last man left on the plane. I told the sergeant that I was too scared to jump. He told be to get off the plane or he'd kick my butt."
"So, did you jump?"
"Not then. He tried to push me out of the plane, but I grabbed onto the door and refused to go. Finally he called over the Jump Master. The Jump Master is this great big guy, about six-foot five, and 250 pounds. He said to me, `Boy, are you gonna jump or not?' I said, `No, sir. I'm too scared.' So the Jump Master pulled down his zipper and took his penis out. I swear, it was about ten inches long and as big around as a baseball bat! He said, `Boy, either you jump out that door, or I'm sticking this little baby up your ass.'"
"So, did you jump?" asked the father.
"Well, a little, at first."
horrible
Chris Beck?