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What happens next?
This...?
(h/t @cr3dit)
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It could never happen here.
shorts, those of you still alive anyway, assume the position.
Have you forgotten? The USA is special, 'cause it's the best democracy ever. We could never have hyperinflation, or our own homegrown NKVD watching our every move, or courts and federal agencies that manufacture cases against people for victimless crimes.
Buy now, sell in a year. ;)
Shorts: prepare to take one in your eponymous article of clothing!
Who's flyin' this thing?
Eponymous Pilate
I wax nostalgic for a good ole flash crash.....
What idiot made this S&P graph?!
God, please tell me you manage peoples' money and this is the color you provide them.
Schmuck.
He just wants to green light your case.
House prices and stock prices only go up, right?
Only when prices go up they do.
Why god made puts...
It's one thing to be stubborn, but something else entirely to be crazy.
Remember that saying, "millionaires are made every day in the stock market"? I just never thought 300m of us would soon be ones too...
If you like your bubble, you can keep your bubble.
But like Bitcoin, you'll learn the meaning of the word "nominally."
Hides under desk.
Of course it couldn't happen here. The USA has algos to protect market liquidity in times of stress... and if Skynet changes plans- the next graph of the S&P is not going to have the nice, gentle, slow, controlled descent that the human powered hamster wheel machines in Caracas produce
20,000 to 0 in under one second flat using only the highest quality American bankster financial engineering.
....elastic money supply.....price stabilityyyyyy....
elastic money supply, does that involve writing rubber checks?
It's bouncy, bouncy, bouncy, bouncy, fun, fun, fun, fun, fun.
And the wonderful thing about the fedreal reserve is.....
It's.... the only one
I love rollercoasters!!!
Buy Yellen a seeing eye dog
Would rather just fuck the dog.
That wasn't a choice, btw.
Um... No. Couldn't possibly...
Maybe they should get points for trying though.
Nice catch
Poor ZH post TD's...
Apparently every 8th post has to have some manipulated graph that's completely out of perspective to support an underlying belief.
Hey, I think this boat's sinking too... but come on! Poor association here.
Well, you click on a post marked "Tuesday Humor" you shouldnt expect a PhD dissertation.
Actually my point was that we're already "living the bubble".
Any percentage per unit time is an exponential function. Our monetary system went parabolic on August 15th 1971. The rest is just a matter of time.
Scale it out and drive it up massively and you wouldn't see those blips.
does that imply a Fed balance sheet of 20 Trillion? Print Baby, Print. (END THE FUCKING FED)!!!
For starters.
http://research.stlouisfed.org/fred2/series/FGCCSAQ027S
The only way this could happen here is if bonds crashed at the same time....not likely. ..oh wait
ah, then we just get the central bank to buy up even MORE assets, suppressing its real price.
what could possibly go wrong?
It's the new K-2 Mountain Trading pattern... just BTFD and the avalanche will be alleviated.
Can you add a VEB/USD fx rate chart to that? So we can see what's coming for the USD as well as the S&P? Maybe an interest rate chart as well. I recall the last time the Venezuelan currency collapsed, in the late 90's, interest rates on short-term paper were 20+%, and the VEB/USD rate moved from somewhere under 600 to 1000+ over the course of a year or 2. Maybe a bonus chart would be a US debt and deficit projection if interest rates were 20%.
Short rates at 20%.
Yeah, that's gonna help housing.
If that erection lasts longer than 4 hours should I call my broker?
http://cheezburger.com/3011349760
No call Maria .....1 800 FOX it
BTFD YA JABRONIES
$1 quadrillion balance sheet and a $500T budget? Not possible. Not this week.
The high fructose corn syrup eater, dancing with the star watcher, mily cyrus enthusiasts don't give a fcuk what happens next.
...but will be the first to riot.
quoting Herbert Hoover here w/ spoiler alert- we know how this ends now.----
If, by the grace of God, we have passed the worst of this storm, the future months will be easy. If we shall be called upon to endure more of this period, we must gird ourselves for even greater effort, for today we are writing the introduction to the future history of civilization in America. The question is whether that history shall be written in terms of individual responsibility, and the capacity of the Nation for voluntary cooperative action, or whether it shall be written in terms of futile attempt to cure poverty by the enactment of law, instead of the maintained and protected initiative of our people.
The problem was FDR Stalin handled the crash the same way the Kenyan is. Grab power, loot the treasury, pack the courts then devalue and start more wars.
Underrated president it seems. And progressive TR gets all the accolades.
Men Without Hats - Pop Goes The World
http://www.youtube.com/watch?v=3zUUtf7gOe8 (3:57)
Meanwhile, in Canada: via my friend Sue Jeffers.
http://www.theblaze.com/stories/2013/11/19/mother-fined-after-lunch-of-pot-roast-potatoes-carrots-and-an-orange-deemed-unbalanced-by-daycare/
I really want that woman to run for governor again but I think that she has come to the same conclusion most of us have.
We are so f__ked...
Different markets. Size, structure of debt, international capital flows, etc. It just ain't gonna be that easy.
If interest rates went parabolic, the debt becomes unpayable and hence defaults explode at all levels of the system. The hyperinflation is HERE already. Note that Fed pumping has resulted in this gigantic bubble in equities and real estate. All that is left is a deflationary collapse if debt holders dump US debt. The Fed would not be able to print fast encough. They are pumping furiously for the last 5 years to stave off DEFLATION. Assets are already inflatied.
People who believe we can match Caracas are essentially saying that the Fed will be so successful, that they can make all assets rise. It is just not possible. The debt bubble is 100+ TRILLION IN SIZE. There is no way for them to monetize it all. Rising interest rates will kill off any expansion.
Of course they will. They could create 100+ trillion in a key stroke. It costs them exactly the same effort as creating $1.
If printing were a solution, things would not be this bad because they are already printing $1 trillion annually now. You cannot print your way out of a debt based system. If they created 100 trillion at the stroke of a pen, they would destroy a huge part of the population whos assets were in cash (thus creating more poor people) and those who are living from paycheck to paycheck would be flat broke with no way to even buy food. Businesses would be destroyed and any business cash assets would be hurt badly too.
There is no way creating 100 trillion at the stroke of a pen would solve this problem.
You cannot print your way out of a debt based system.
Of course you can, then the way out is called hyperinflation.
There is no way creating 100 trillion at the stroke of a pen would solve this problem.
Who talked about solving anything? I'm talking about the banksters stealing all the assets by purchasing them with highly valuable fiat hours before it becomes worthless and gets to your hands.
To quote FOFOA's witty wording: "I don't have to outrun the bear, I only have to outrun YOU"
Re; All that is left is a deflationary collapse if debt holders dump US debt.
The Fed is lending itself our natons debt, why would they dump it and kill themselves.
Foreign nations are no longer buying our bonds. Many still think China is buying, but in reality they have been selling every month for the last four years.
That we are selling our bonds to finance the continued fantasy to any but ourselves is state propaganda.
When debt becomes unpayable, holders of the notes foreclose on the assets. Banks created credit out of nothing, hold the deed to various assets, and in a deflationary default, they will take the assets as debtors default. The shills in govt aka congress critters will attempt to bail out the Fed on any unpayable debt but that won't happen until it iis too late. The collapse and defaults en masse will have already begun.
If printing were a solution, things would not be this bad. You cannot print your way out of a debt based system. If they created 100 trillion at the stroke of a pen, they would destroy a huge part of the population whos assets were in cash (thus creating more poor people) and those who are living from paycheck to paycheck would be flat broke with no way to even buy food. Businesses would be destroyed and any business cash assets would be hurt badly too.
There is no way creating 100 trillion at the stroke of a pen would solve this problem.
Bubble Bobble
I used to be pretty fucking good at that arcade game back in my formative years.
Venezualen nominal GDP looks similar. US nominal GDP about to skyrocket? LOL. Don't think so.
SnP 18xx achieved as many times mentioned.
A serious turn could happen every day now.
Latest after this week we turn south .. Gold, EURUSD, Crude, SnP.
those derivatives are interest rate sensitive and QE is just another bailout to stuff american banks with cash prior to BaselIII being implemented..should have happened in the autumn (remember during the gov shutdown and sabre rattling with war with syria) well thats a sneak look into the play book coming in qi 2014 when Basel III should be implemented...unless they push it back again...once US banks have enough cash in hand to gobble up smaller weaker banks that cant meet basel III then thats it..the banksters will say thanks chumps and move on
10 year yield is your canary...look back in sept when it was fliritng with 3...same time as Gov shutdown/war with syria and Basel III was supposed to be impklemented...then poof it all got better...they bought more time until Feb 2014...if 10 year yield closes above 3 for a sustained period of time...GTFO out the stock market a cascade of margin calls will be sucking money out
Thanks Fonz
FONZ
Do you think the 10 year wouldn't already be over 3% if the fed and .gov weren't bidding/ buying the dept?
End is near
Bubbles and those who bake them into cake with icing on it for themselves :
The example of T. Geithner as latest scion at Treasury turned banker in the tradition of Andrew Mellon.
Treasury path to riches? A look at Geithner and more - Slide Show - MarketWatch
What bubble indeed!
Something wrong with Caracas?
Something must be right there, our FSA has to pay $98 for TVs, and their FSA gets them for free!
Well, everyone is not in the Market yet, so we have a ways to go before the Great Fleecing. Yellen and her negative interest rates might do it.
Venezuelan stocks are just ebullient because the Bolivar went from 6 to 18 on the black market (300%) in the same time frame of this chart. This will only happen here should the dollar do the same thing and if that happens Au/Ag will rise as a bitcoin on steriods.
Not according to Cramer...
S&P will hit 1200 before it hits 1200000000000
The comments on this site are mostly bull shit. Usually that is what interests me. But not here.
It's just a phase.
At what degree is it officially over? 89.9 degrees? That parabolic shape is near vertical (ie 90 degrees).
Our debt is almost the same graph.
Can we get that chart normalized (adjusted for the big currency move), please? Thks.