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This isn't going to end well...
h/t @Not_Jim_Cramer
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Just BTFATH and shut up already!
what else would you expect when money is not anchored by a limited physical asset!???
Unlike Hugh Henry, I am now broke and as such no longer a Bear. I guess when you use other peoples money while charging 2% you get to stay rich and just join the party.
Tried to have a yard sale. Couldn't sell good shit cheaper than you can get in the stores nowdays. God if I had onnly waited til I didn't have any money to buy shit.
It is starting to look like 20k Dow and 5k naz are a lock.
Total bubble.
Crack up boom.
"Crack up boom."
Yup. It was launched with TARP. These equity prices are just hedging by those who understand substantial currency devaluation is in the works. It's the game until, as EB says above, as in France, bread is no longer on the shelves.
" Please, do not worry. "
hello dixie! i guess the stars come later
I was going to try to get my mind around that seemingly dissonant chart, but instead I'm gonna get a few items checked off my Holiday shopping list... hate those Black Friday crowds at the discounters
Makes me glad that patriotic U.S. citizens just went on a *ALL TIME RECORD* buying bonanza of guns and ammo.
A rifle behind every blade of grass... go ahead and try that martial law, fema camp, blue helmet shit. Dare ya.
just ordered a case of #3 buckshot from cabela's...
Nothing like a cloud of lead balls to make them duck and shit their pants.
And does anyone believe they will get close enough to a highly trained sniper who is lasered in on your position via a drone gps signal to use a shotgun? Will you shoot the missle down that is fixing to run straight up your ass. The mobs coming to get your food after all the squirrels and deer are gone will have shotguns too. The government will watch us kill oourselves before they move in and sweep up the remains.
I like alternating rounds of double-ought and #4.
Save the last round for yourself.
first they will collapse the supply lines. after two weeks, the cold and hungry will freely walk into FEMA INN for a hot and a cot. after two months most else will be dead, then the blue helmets. little resistance at that point.
Who is going to protect the families of the government thugs? Who wii grow their food? Who will pay the taxes to pay their wages? What will there be to purchase?
Everybody is vulnerable in one way or another.
"Who is going to protect the families of the government thugs?"
How many average citizens with deer rifles and shotguns do you think one well trained team of mercenaries can take out?
" Who wii grow their food?"
You or other forced labor such as inmates who work for pennies on the dollar, cheaper than CHinese, for American corporations because their bored and need tobacco. And you buy the freaking products of slave labor. HELLO!
"Who will pay the taxes to pay their wages?"
Who is paying their taxes now? You only think you have seen wage destruction!
"What will there be to purchase?"
For you and I, not much at a higher price. Are you old enough to remember gas lines?
"Everybody is vulnerable in one way or another."
Correct. But now take a moment and ask yourself. Who is most vulnerable?
I marvel at the upvotes some of the grandstanding comments about we will get them have received. Obviously beer dulled minds fueled by testoterone suppliments. Would one of the up voters answer one question? "IF" you believe you had half a chance then why are you still sitting in front of the TV watching football? Cause "IF" you ever needed a reason to take action I can think of any number, such as the 2008 debacle (whose been punished?), being lied into Iraq, banks settling fines for less than the profit of criminal actions, wholesale Washington corruption on both sides, should I go on as many others have pointed out perfectly good reasons here.
I see those upvotes and I want to spit, cause ya see, I know where the F*@K you will be when the shit goes down. Hiding!
Now, let the freaking down votes begin!
I'ts a pretty big country once you get out of the cities. The red counties feed the blue cities. It would not be wise to trip up the supply lines.
Who downvoted this guy?
Soldiers discuss skill, Sergeants discuss tactics, Generals discuss logistics.
Always count on supply lines being the kicker. Like they said at the end of "Three Days of the Condor"...
http://www.youtube.com/watch?v=eV2IQdN22sE
@viahj
Bingo! While people are buying guns and ammo. They are not buying drones, heat seeking missles and installing massive methods of movement surviellance. THe Battle field has changed. The U.S. has been able, at our expense to develop the means to stomp us at any moment. As Viahj says, cut the supply lines to any major city, don't let the people out and it will fall under it's own weight.
And do not discount the reality that the people for the most part are not going to revolt. They no longer no how to and will die trying to learn. Even veterans stand for the crappy treatment that leads to their death and impoverishment at government hands.
I have been advocating for revolution since the vietnam era and have watched as the government grows stronger and the people place chains around their own necks and call me crazy.
Guerilla methods are still available but most do not know how or will not risk attempting to learn or use them. For the most part they still believe that if you just vote for the opposite party every 8 years (most presidents get their two terms) it's a victory.
And do not forget the government has been stockpiling bullets in citizen rounds.
The military and more importantly municiple police forces are full of thugs that have no qualms about kicking your ass and will enjoy doing so once given the word. All else is pipedreams.
There are still methods of passive resistance that have a possibility of working. But who will employee them? Your neighbor? You? Because they would have to be massive in scale and the resultant deaths needed to succeed would be also..
This is the truth, whether people want to believe it or not. I know 2 cops, from two different agencies that have told me to my face " I don't need to prep because I'll just take what I need when the time comes."
I consider both of them to be sociopaths. One told me "he didn't care" because "policing was the only job he could do and not want to stick a pistol in his mouth every day." He also has a prison ministry program where he ministers to prisoners about the Lord Jesus Christ. He's been a defense attorney as well as a part time judge. He told me he "loves kicking peoples asses".
The other one bragged to me that he shoots deer at night with his agency supplied sniper rifle with a suppressor. He bragged that he had "unlimited night hunting priveleges because he knows the game warden".
People have no idea what kind of corrupt sociopaths are wearing badges these days.
Stop it with the collapse daydreams. The supply lines that are going to be targeted are theirs. Anybody who has worn the uniform and has half a brain knows the U.S. isn't going to be occupied by anyone foreign, or domestic.
For craps sake, Hitler declined to attack a little landlocked country for the duration of WWII because there was a rifle behind every blade of grass. Attacking Switzerland would have been like kicking over a hornets nest and caused untold casualties to the Germans.
If there was growth, equities would be well-priced. If wishes were horses, beggars would ride.
cueing germans that lived thru weinightmar'e'
Thanks Mr TD that adblock thing works great.
after thanksgiving
Here come the bubble-denial articles:
http://www.moneynews.com/StreetTalk/BofA-Shiller-Dow-stocks/2013/11/22/i...
BOA is questioning the validity Shiller's PE metric. I recall seeing bubble-denial articles starting about a year or so before the dotcom crash. And they became more and more absurd as time went on. Just before the crash, people were claiming that earnings were no longer meaningful because the internet was going to change everything.
Obviously we're in a bubble, but is it like Dot.Com or the Zimbabwe stock market era? If prices keep rising, then it's logical to be in the market if only to keep up with inflation. But to throw a wrench in, what about a global currency that would acknowledge a country's GDP freely like Bitcoin?
Tell it to price.
Peak...peaks?
I was wrong. When I saw the title I guessed labor force participation rate vs fed balance sheet, or maybe S&P 500. Which is pretty much the same thing, I suppose
Peak bartenders.
QE lowers interest rates so who wins...Homebuyers, who loses savers. Its a zero sum game so proven by the declining GDP growth worldwide. Central bankers have modeled the impact of tapering and its must be very scary when you consider the potential decline in home prices, equities and bonds.
if you get a jobs and income recovery I would agree with this. however (see comment below) that really hasn't been the plan "in action." QE is a growth killer "gone global." if China really does stop buying treasuries that could create a big time fall in prices worldwide much as happened when the USA stopped buying gilts in the late 1800's (to start it's own market in securities. yet another positive for a gold standard.) this caused Britain's "long recession" which lasted almost twenty years. the US on the other hand began a second industrial revolution going from steam to petroleum and "distillates." talk about capital appreciation. JP Morgan was able to "rationalize" the entire railroad mess called America as a consequence...so sure...he lost the gold standard as a result of becoming "too powerful" after the knickerbocker panic...but he had the entire means of production (transportation, communication, mining, manufacturing...even minting) under his purview. banking did great for the two plus decades as the "electricity revolution" then came about...followed by electronics, the media and now baterry tech. this thing has deflation written all over it.
"QE lowers interest rates so who wins...Homebuyers"
And we know who is buying don't we.
The chart is a teeter-totter: savers on the bottom, banks on top, stealing interest for the home spenders that feeds the economy and burying it double-dutch in a foreign hole.
The last two bubbles were for practice and now the Fed has it down. Totally dialed in. Everyone in.
Jawboning for brakes, even while there is a lead foot on the accelerator.
Is that a curve up ahead?
Hairpin turn by the edge of that little cliff.
If you like your equities, you will be able to keep them.
Past performance is no guarantee of future results.
I've little doubt that this crisis will be solved by including equity valuations in GDP calculations.
New math, bitchez!
World War 1 was a shock to Hjalmer and Strong. This market is the beautiful and the damned.
I haven't had a chance to read all the comments but to a degree the way the chart has been drawn up on the left and right axis is somewhat self serving.
Whilst the basic premise is correct that the two measures are headed in opposite directions contrary to logic, we should keep in mind the role of money in the bank held by investors which is not earning anything and especially no capital gain. Is it therefore any wonder that they are chasing yield by taking a punt on the stock market?
Until it ends, and end it will, risk taking is almost forced upon the unfortunate saver who has been sodomized to no end.
Just imagine where this mania could reach if savers make a consicence decision to keep on riding the stock while it is riding upwards. More fuel for the eventual bonfire.
China accepts bitcoin
Now over $ 800 € 600
Bitcoin realtime quotes and news:
http://btcpost.net/index.php
The best chart I've seen lately that shows inflation in full fury. Prices increasing dramatically on marginal value assets.
Derp.
This on the other hand will end totally well... NOT.
http://news.yahoo.com/china-creates-air-defence-zone-over-japan-controll...
China creates air defence zone over Japan-controlled islands
Beijing on Saturday announced it was setting up an "air defence identification zone" over an area that includes islands controlled by Japan but claimed by China, in a move that could inflame the bitter territorial row.
Along with the creation of the zone in the East China Sea, the defence ministry released a set of aircraft identification rules that must be followed by all planes entering the area, under penalty of intervention by the military.
Aircraft are expected to provide their flight plan, clearly mark their nationality, and maintain two-way radio communication allowing them to "respond in a timely and accurate manner to the identification inquiries" from Chinese authorities.
The outline of the new zone, which is shown on the ministry website and a state media Twitter account (pic.twitter.com/4a2vC6PH8O), covers a wide area of the East China Sea between South Korea and Taiwan that includes the Tokyo-controlled islands known as the Senkakus to Japan and Diaoyous to China.
"China's armed forces will adopt defensive emergency measures to respond to aircraft that do not cooperate in the identification or refuse to follow the instructions," according to the ministry.
The zone became operational as of 10:00 am Saturday (0200 GMT).
Just bought the wife some 22k jewelry for our anniversary. The Indian store owner had to inform me that it was that horrible soft gold and did I understand that? I replied that I was a repeat customer so he shut up sent it.
oh that gold is so "horribly" soft
and that silver so "horribly" tarnishes.
S&P in a "horrible" bubble.
Bitcoin disappears from my drive. So "horrible"!
oh, what to do...?
South European Bonds, maybe? Naw, they are "horrible" too...
Hmmm? "horrible" soft donT sound so bad.
World GDP concensus at 2.85%? Really?
How about 0.5%???
Gubermint motto: we calls 'em as we sees 'em and if we don't like 'em, we makes 'em up
How do the vertical scales correlate? They don't. What is the significance of the cross? There isnt any.
At least with a cross in the usual sense, there is an understanding that a short-term / long-term MA inversion or breaking a Bollinger band is an indicator of a defined circumstance; take your signal there or don't, but treat your risk accordingly. Definitions matter.
While this chart does show an up trend and a downtrend in disconcerting fashion, there is no significance to the cross.
This is more of ZH's low-end work, like the charts that show normal fluctuations selectively cropped to show only the downward leg of the most recent fluctuation, but with an ominous arrow luridly applied to the end, showing that weer all gonna die. Again.
I get it. Things crash, and not everything the goes down will come back up (quiet, you). But this is just crying "wolf!". The wolf will come, alright. But this is not "The Cross of Death!!1!!1!!one!!"
---
p.s. You misspelled "Equity".
Kinda interesting really. Kinda demonstrates that lower expectations is a buy signal. Me thinks however, gravity will always win.
i've been listening to "it's not going to end well" since 2009, that's when i first got wind of this story that the whole thing is going down in a smoldering pile of crap. yesterday i went thru my stockpile & found products that had expired in 2011. nothing bad is happening except to me, expired products & a family who thinks i'm nuts. they keep pointing out all the "money" i'm wasting on stockpiling when i could be doing other, more fun things.
No big deal. You just need to go through your stockpile two or three times a year. Once a year for meds.
Donate stuff that is about to go off. And when people say you are wasting money ask them about prices. In a rising price/falling dollar environment what make more sense? Buying now, or buying later when the price is higher and/or the amount in the package is less?
You don't have to time a disaster. Really couldn't if you wanted to. Be prepared is an old time tested maxim. See the Boy Scouts, and the Mormons.
Canned goods last for years after the best buy date, providing they are kept cool and there is no damage to the can. They may not taste great when you finally eat them, but you'll live.
Most things will last past their expiration date including medications. Re: meds. There may be some deterioration leading one to have to double the dose. As grinandBearit says storage is key.
Guns, ammo and gold. If you've got that, you've got all you'll need.
Yeah I dislike buying insurance as well but it allows me to sleep better.
Meanwhile in Euro land we have this reassuring Prognosis :
http://www.businessinsider.com/schaeuble-no-longer-risks-of-contagion-20...
So.... What Mutti says does she DO, like Putin also in Syria as in Ukraine?
Only if it were that 'EASY' Scaeuble!! Every Country would be doing it and ALL citizens could live as Kings!!!!
The EU is a LIE.....GREECE, ITALY, SPAIN, PORTUGAL, whoaoa FRANCE!!!!...bond yields are a MIRAGE....an ILLUSION.....NOTHING....NOTHING has been done to repair-fix-solve the STRUCTURAL IMBALANCES! Economies DO NOT miracuously fix themselves over the course of a year.
ONLY LIES AND MANIPULATIONS can cure Europes DOOM.....and credibility will soon END!! You are aware of this Schauble....VERY AWARE!!!
Fucking Ponzi Market
Credit bubbles can continue until people have to book loan write downs.
It usually has to be an ulterior factor that halts the march of rising prices.
Because left alone a systemic credit bubble can inflate and inflate with rising prices protecting the reserve capital on which all the leverage exists.
Key word... "expectations"
The sad, unforortunate truth is the market could go much higher than it is now. There are no sellers, only buying HFT algos.
Nice to have billions of barrels of oil to drill, pump out of the ground, deliver by rail and pipeline, refine into distillates and get some gas.
Without the oil, it is teats up for the entire world. Gots to have gas and oil. Keeps the money game in gear.
http://www.masterresource.org/2011/08/vindicating-capitalism-standard-oil-i/
Chart seems to be pricing in some huge inflation going forward
With all the constantly reoccuring identical questions about sounds and adds, it would make sense to have a user created FAQ here. Tylers??
Halfway through the first page, it got too tiring, so I stopped reading.
http://www.youtube.com/watch?v=mQR0bXO_yI8
Frank Sinatra Fly Me To The Moon
.
The Drifters "This Magic Moment"
http://www.youtube.com/watch?v=Ul041CSNJto
.
you know the powers that be are generally a group of
drug addicted alcoholic heirs to estates and trust funds
who have worms crawling around in their brains and
are aware of very little of what goes on in the world,
right?
.
the estates look great from a distance but there is
more than one reason why the insides are off limits.
.
madness, think "grey gardens". apparently now
restored?
.
the hedge fund guys and money managers bleeding
the worms in the "safe zone" between the van allen belts.
.
anyway poems *t
if'n you block tyler's ads you should donate.
now back to the chart - isn't it truely awesome?
you have the Deflationary force vs the Inflationary force enshrined in that chart
the macro keynesians can only inflate parts of the economy, in other parts of the economy deflation reigns.
Titanic forces of Ying and Yang dueling for supremacy in the background while most only wait for the economy to "get better".
ripples from this struggle pass through all sectors of the economy distorting everything.
when the water recedes from the shore - beware!
Unfortunately, I don't see any higher ground to run to
"if'n you block tyler's ads you should donate."
Or be part of the I want free party most seem to despise.
OT: Cyprus University accepts Bitcoin http://www.thedailybeast.com/cheats/2013/11/21/cyprus-university-accepts-bitcoin.html
Bullish, yes?
starve the beast
You got this chart all wrong; the red line is Vampire Squid proprietary trading account equity; the blue line is muppet collective equity. Everything is going according to plan.
http://vegasxau.blogspot.com
FUCK! Now that says it all. Print money to infinity, it has to go some where.
no mystery as to where it goes
and does not go.
it is a treasury(bank)robbery in slow
motion and in broad daylight.
just like jfk being whacked around noon
on 11/22/1963.
Julius Caesar crosses the Rubicon with his legions and enters Rome in triumph, 49 BC
http://www.youtube.com/watch?v=r47l6qypKEg (4:19)
Solomon Burke ~ Cry To Me
http://www.youtube.com/watch?v=mEu8DrO9PbY
Here it comes - The Higher Interest Rates:
Peter Schiff: On Taper, China's Bombshell Announcements For Treasuries, Dollar And Gold GLD, MUX, TNR.v, GDX
Peter Schiff talks about the bombshell of the year - China has announced the Mother Of All Tapering - PBOC Says No Longer in China's Interest to Increase Reserves. China is ready to reduce its balance sheet and they do not have to sell any US Treasuries - during the operation Twist they have used the golden opportunity and rolled over the long term treasuries into the shorter maturities. China can just allow US to repay maturing US Treasuries. We do not think here that they will accept Bitcoin. They have made this announcement after the record buying of Gold and some people are estimating that official Gold reserves are much higher than officially recognised today. It means that if China leaves to its commitment - there will be no China's bid for US Treasuries of MBS - how FED can Taper now? They will have to increase the amount of QE just to keep the market from falling! US Dollar will go down with rising Interest Rates and additional strain on the economy and fiscal budget and Yuan will appreciate - and it was another bombshell: China will allow it to do so now. Market is still in over dose mood with Bubbles popping everywhere and All-Time-Highs and does not pay any attention to this news. But US Dollar continues to print very Bearish candles on Daily chart below and next few weeks will show the magnitude of this Chinese move for the global finance system. Gold will benefit the most from this shift once the Market will realise the magnitude of this situation and tectonic shift in the global financial system. US dream about the Stronger Yuan is happening now for real, but be careful what you wish for! US Dollar will go down relatively to Yuan and it will push Commodities and Gold prices higher in dollar terms. China will stimulate Internal Growth and will lose some Export. Inflation will pick up with rising Import prices in U.S. And if it is now FED's wish: to have more Inflation - this very delicate balance will be very hard to keep. Absence of China from Treasury market and lack of speculators without the Bernake's put from FED can make much higher Interest Rates reality very fast. http://sufiy.blogspot.co.uk/2013/11/peter-schiff-on-taper-chinas-bombshe...
Big Science -- Laurie Anderson (Big Science)
http://www.youtube.com/watch?v=BhOvrVUoJoY
.
"..cold outside, don't forget your mittens." ..l.a.
IMO:
All those who have gone before us...may God have mercy on a world of innocent beings that have allowed this to continue day after day while playing games thinking there is some kind of future.
Here is a real cross of death.
http://www.youtube.com/watch?v=dVvFmlk8bN0
Professor Longhair-Cry To Me
http://www.youtube.com/watch?v=jFhcKDtgvBk
None of us can imagine what an economic implosion will entail nor should we hope for it even though it might clear the house of cards.
It might however give us all a foretaste of hell.
Twisted Sister -- We're Not Gonna Take it [Extended Version] OFFICIAL MUSIC VIDEO
http://www.youtube.com/watch?v=V9AbeALNVkk (6:32)
Starship - We Built This City
http://www.youtube.com/watch?v=K1b8AhIsSYQ (4:57)
http://www.youtube.com/watch?v=h3kTKLkC6T4
So, another 'death cross'. Awhile ago, Durden was pointing to them every other day. I've been busy, anything happen?