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When Hopium Fails
Presented with no comment...
As @BenedictEvans so eloquently noted - this blast from the past may just be resurrected as a candidate for financial news headline of the year... 2014...
(just for those curious how The FT would allow the running of such a hopium-devastating headline... the name of the company may interest some)
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Hopium is religion of masses.
Same as it ever was...
You are maybe find yourself living in shotgun shack
You are maybe find yourself in other part of world
You are maybe find yourself behind wheel of large truck
You are maybe find yourself in spacious outside viewing apartment with well endow wife
You are maybe ask yourself, Boris, how do I get here?
Letting day go by, let vodka hold me down
Letting day go by, copper flowing underground
Boris is take artist liberty of self adaptation of very thoughtful lyrical accomplishment of David Byrne.
Yes, same as it ever was...
.
Or, 'Meet the new boss - same as the old boss' -the Who (Wont Get Fooled Again)
'In reality, hope is the worst of all evils because it prolongs the torment of man'
Fredrich W. N.
I don't subscribe to the FT, so could someone please tell me the name of the company?
Thanks!
'Everything Everywhere' IS the name of the company. It's the merger of T-Mobile and some other telecom company in Great Britain.
They disappointed analysts with some crappy blah blah blah numbers in blah blah blah. Doesn't matter. The headline is the joke. Get it?
Thanks!
Analysts?
Analism is a scatological brain disorder of those who purport to rate financial insecurities..
'Everything Everywhere'
Did the marketing geniuses who came up with that name intend us to call it Eee Eee?
I'm sure they call it FA Anywhere on the streets
So, where is the headline:
Everything Everywhere and the State Reach Merger Agreement
They peddle in Hopium futures.
Forward!
Financial Times
FT is a shitty paper now but they all are except IBD. Murdoch owns it. I am not being anti Fox News as all of TV is total shit and I stopped watching years ago. CNBC was the worst.
Please, you are try Russia Time - English Edition! Is hard probing news and very pretty anchor woman.
So, is pretty anchor woman have needs of hard probing? :>D
Boris, did you just mean Russia Today? RT.com
dunno about the 'Russia Time' thing :-)
Yes, Boris is mean "Russia Today". Boris is confuse by prior post say "FT - Financial Time" and is just repeat "Time" by subliminal suggestion.
Boris need musical accompaniment.
Is true, find high quality original video is difficult, Boris. MTV is communist corporate govenment takeover (offence not intended, comrade). Youtube, is much bad as well.
Chief Engineer, Enterprise, find alternate version (well, Chekov helped, laddie! D'ya ken?)
http://www.dailymotion.com/video/x19cqk0_talking-heads-once-in-a-lifetim...
You may ask yourself, 'Am I right? Am I wrong?'
And you may say to yourself, 'My GOD! What have I done?'
Steeple everywhere, better go fetch the gumboots.
Catholicism is the religion of masses.
Hahahahaha! Mr. Astroid, you are very smart funny comment! Boris is also make religious bigotry joke...
Mormen* is religion of psychedelic drug!
(* Boris is learn from two young CIA agent knock on door Mormen is really call Church of LSD)
This is what religious comedy is:
Two Mormon missionaries walk across the lawn, slip on a banana peel, and fall into a cesspool.
I'm pretty sure that is very funny, just because Mormons or missionaries of any tribe belong in cesspools right? Been a long day and worse still, I burnt through all my smart by 11:00am this morning.
Cue theists: Asteroid, you sure you didn't burn through all your smart by 7:00am.
What is the difference between LDS and LSD?
One you go on a trip and one you go on a mission, or.....One's a dope and one is a drug.
@ Asteroid,
I think they might have missed it.
Masses, Catholics...
OBAMA is the religion of Hopiu-nomics...
I for one missed its pure cleverness. Bravo and thank you.
Do you know how to get a priest to have sex with a nun?
No.
Dress the nun as a 10 year old boy?
I've actually had people interrupt me and tell me to stop explaining my economic/financial views because they don't want to know.
Knowledge is antidote for hopium addiction. Withdrawal is painful symptom so you are not surprise sheeple addict is reject treatment of cure.
You dress her like an altar boy.
This is corollary to dress Thai boy like cocktail waitress?
@ SILF,
If you are doing it correctly, they will stick their fingers in their ears as they run/walk away, crying nonsensical sounds like, 'Krugman told me!, or 'Cramer told me!, or 'My wife told me!'.
All you can do is to shake your head, and know that what you speak is truth, as you continue on your journey. Like Boris said, it's a BITCH to come down from a drug high (or a heroin addiction).
That reminds me: Where is my credit card, anyway? Wifey wants a big-screen and a hamburger...
Me too.
I try to always welcome information that I may have missed.
I don't neccessarily believe it, but if it sounds interesting I will do some research.
I'm confused. This is the definition of hope now isn't it? Means more QE doesn't it? This is what markets want isn't it?
I've been reading ZH too long, I don't know my ear from asshole anymore.
I'm with you asteroid. Clearly the fed was waaaay to quick to start to unwind QE. I mean what was the problem with 85 bil a month? Things were just starting to turn around. I mean we were aaaaalmost there. But those damn hawks at the fed always fighting the inflationary boogie monster just had to Volker us before it was time. But you know what? All mama Yellen has to do is break wind in the direction of 85 bil again, or maybe even 95 bil, and that big bad stock market will forgive those inflation hawks. That's what my chips are on anyway.
When gum flapping is all you really have, you get really, really damn good at it.
Dammit, Janet...
Rick Moranis is the guy, and I recognize the girl as well (but can't remember her name yet).
I used to be married to a girl (the FIRST ex-wife) who made a habit of going to the midnight showings of the Rocky Horror Picture Show down on the Strand in Redondo Beach (CA). She had lots of BIC lighters...
MOST here may not understand your reference, but I get a kick out of it!
http://www.youtube.com/watch?v=T5xtpPuECek
Oh, yeah: FUCK YOU, YELLEN!
Thanks MS - I figured it would be pretty obscure. Nice catch.
As Krugman would say 'just a few trillion more and we'll have a robust recovery'
I wonder what Krugman is saying about the 10B taper - he must be having a hissy fit?
It's kinda late now to be changing the game plan. Print away!!!!
Is it just me or does Krugman permanently have that shocked look of ZH's deer in the head lights. I think there is an opening for WB7 there. Imagine if Krugman was actually the deer in the headlights. I'm not sure whether that would qualify as ironic, comical or salt in the wound. Who would the joke be on?
Surely Fonz if the Fed back peddle all bets are off, surely, this just can't keep going on. It's already driven any remaining sane fundamental market analyst to the wall. It's got so crazy the english language doesn't even work because the word fundamental doesn't even apply any more to the the phrase "fundamental analysis". Can any market participant ever, in their wildest dreams, imagine investing in the share market comes down to guessing what the Fed is going to SAY, not even do, but SAY next. Even as I write that I feel my blood pressure rising because it just doesn't make sense. Even the fact that we all recognise that's what investing has become should be enough to pull the rug out from the insanity but it doesn't, which makes it even more insane. I can't even string a coherent set of thoughts together on the subject any more because reality no longer applies, something else does, I just don't know what it is. Then I think, OK, screw igt I'll go long but then I look at the charts and think, that's crazy, I'd be walking into an upper cut so I think right, I'll go short, then the Fed say's something that makes the market rocket and take out all my stops, so then I reneg and think, OK, thats it I'm going long then some shit happens that knocks a 1% of the market taking out the stops the other way so then I think, right, finally the trend is reversing at last, my short strategy will now work and then the Fed says some more shit making the market rocket wiping out my stops again and I yell FFFFFFFFUUUUUUUCCCCCCCCCKKKKKKKKKKKK YYYYYYOOOOOOOOOOOUUUUUUUUUUUUU BBBBBBBEEEEEERRRRRRNNNNNNAAAAKKKKKKEEEEEEEEEEEEE and buy gold.
It would seem your trying to guess the Feds next move has made you insane. I suggest you quit your day job and find a good waiter jobs in the city to keep the remaining sanity alive. Otherwise it's curtains for your future.
Fonz, the Fed has said it is tapering. To turn on a dime and stop already would be tantamount to admitting it was wrong, which the Fed can not do because it's legitimacy and power is based entirely on the populace believing it knows best and doesn't make mistakes in these matters. Because of this the Fed must continue to taper or at most hold steady for at least the next several months, and just as the banksters front run the fed on the way up over the last five years, they will front run it on the way down too. Bottom line is, as a regular poster here whom I enjoy reading, I hope you will consider at least going flat here until the market response to earnings plays out.
Flow > Stock
Besides, the tolerance to QE is so high that the heroin necessary to give the markets a temporary buzz will kill off what remains of the economy.
There's a wicked virus blowing in from the far east, too.
It's Stock that matters now, not flow. The fed knows they see the finish line in sight. They just need to keep it together for a bit longer, shit maybe they are there already...but soon enough they will own enough of the bond market that there will be no rebellion through a yield explosion. The question as to whether the currency collapses when we reach that point is an open one. My bet is that it does not.
This is an opportunity to get short bonds, get long stawks, and short those miners. It's a manufactured dip, and it will be bought violently when it turns back around. I mean are we really getting amped up over a 1% down day?
If/when the real crash happens all you will see is the emergency broadcast system on CNBC.
Agree. Our time is not yet. The answer should be "well played" in terms of the Fed. Really. Not defending anything here. Just calling it for what it is. Like a game of high stakes poker. Somewhere else (EU perhaps) goes full retard before us (history helps here) and capital flees for any deep market... primarily US equities, real estate, etc. Fed looks like heros, politicians take the credit, sheeple rejoice (because the boob tube says to, while "Rome" continues to burn around us), blah, blah.
fonzanoon, you confused the "Stock" in my "Flow > Stock" above with stocks (equities).
'Stock' in the context that I used it referred to the total holdings that stagnate on the Fed's balance sheet, whether these holding were MBS, tnotes, etc., and "Flow" refers to the total new amount of conjured fiat pumped out to make ADDITIONAL ONGOING PURCHASES OF NEW ISSUANCES OF MBS, TNOTES, ETC.
So, IOW, the Fed's balance sheet only affects risk on asset classes to the extent that IT IS GROWING, and it doesn't matter or have an effect based in how large it is at any given static point in time.
I know I want to ask you a question about a group of private banking entities owning a vast amount of US bonds for reasons other than them being a sound investment and providing returns aligned to the risk profile of said entities however . . . . . . . . . ooooo, look, a toe nail clipping that looks like a broken paddle pop stick . . . . . . . . now where was I . . . . . . . . oh yes . . . . . . . . fuck you Bernanke you mother fucking fuckery fuck.
Short miners now, after the beatdown they have already been through and the COMEX almosted busted for physical and sales of silver to the populace making new highs consistently? I think you might be losing it here. This is a time to be safe, not throw caution to the wind.
@T,I.S.,
What virus do you speak of? Is it the selloff of dollars, the new rising star of gold in the East, the H1N1 (or variants), or the G.E. Mk.1 Fuku-thing?
DAMN, what a BUZZ KILL!
@ Asteroid,
Try sticking your right finger in your ear, and your left one up your asshole. I bet you can tell the difference if you smell them...
WAR is PEACE. HATE is LOVE. INFLATION is DEFLATION. POVERTY is WEALTH. LESS is MOAR. (By the way, the secret meaning of the title in that Twilight Zone episode 'To Serve Man', was a COOKBOOK)
You can't actually 'grow' money, you know. Try planting some fiat currency in the dirt, and water it and feed it with bull shit (well, it IS fertilizer, you know!), and wait for the fall harvest. If it doesn't sprout, dig it up to find out why. Perhaps you can hire some fiat currency-educated people who can tell you why ('well, you know, it's cotton and wood and ink, and it really CAN'T grow, you know', because it has no life of its' own! Have you tried planting GMO's? That didn't work? Well, I suppose you could try planting heirloom seeds...maybe NEXT spring [after the THAW]. WHO told you that you could ACTUALLY 'grow' money, anyway? You are SO gullible!)
YES, banking is an INDUSTRY, isn't it? They MAKE things, don't they? Like CARS and REFRIGERATORS and SHIPS and...Oh, shit. NO, they DON'T. All they do is shuffle pieces of PAPER around, and make people give them more papers than they started with in return for using 'their' papers...
Quantitative Easing, from Clarke and Dawe:
http://www.youtube.com/watch?v=j2AvU2cfXRk
The image of me standing there with one finger in my ear and one up my asshole is about the extent of the intelligence I can bring to the investment table anymore. I think I met Bernanke I might just do that.
I hope being alive is better than not, otherwise I'm wasting time.
It's pretty much all I've got.
Well, my wife came through for me today and I'm an analyst...of sorts ;) Not disappointed here!
I came through your wife, so I'm not disappointed either!
Dang, you found her pic again?
Fonzanoon was dead right in an earlier post. We are a Janet Yellen coment away from a 10% rally.
A 10% rally in metals and bitcoins..
lol well at least you and I are on the same page. we have that going for us, which is nice.
Agree w/ Fonzi - any expansionary (only bullish type of comment left in Fed arsenal, unless Old Yellen calls for nominal, negative interest rates... which is what in fact what QE is for banks) comments from the jewish yoda and even miners will be up 20% .
PMs will come around again and go ever higher. Just a matter of timing. The questions to ask is if they are a hedge against the insanity of governments - and if the insanity is less or more now. lol. But, like eveything, there is a time to buy and a time to sell. Beyond that is insurance/piece of mind.
Just my 2 cents for what it is worth.
Can't even get decent food.
http://www.youtube.com/watch?v=ja3Die31ihk
I'm not a "member" or "subscriber" and, I don't want to to do all the personal information typing to read the one fucking article so, someone tell me the company - let it be at&t or sprint. (I'm old and hate those guys still)
Everything Everywhere (combination of T-Mobile UK and Orange UK)
Yup. I need to do an article on how most people now actually pay to be advertised to and how that is part of the "new normal". Oh how I could go on but, I'm actuallly working on something. . .
Not actually "new". But, like other nefarious aspects ot american life, it's been slowly becoming "More Normal" (fees). Slowly accepted, not thought about much, cancerous.
USA - land of the fee, home of the slave.
@infinity8,
If you are too lazy to type a few letters and use a mouse, why are you actually here? Are you seeking free advice or free insights?
I mean, SERIOUSLY?
Since it is the FT, I would be wagering that it is Virgin T(ea) Mobile (or Hong Kong and Shanghai Banking Cartel, aka HSBC). Oh, heck, it's probably the bloody LOT of those island rotters in 'The City', that feel this way (but some are afraid to speak).
You DO understand (that) THE FINANCIAL TIMES (is out) OF LONDON, don't you?
You fucking idiot, maybe he does not want to sign up and get bombarded with emails for the next millennium.
Saw something about disapointing anals and figured hey....some Mexican Donkey Porn. Alas....misled once again. Damn you Tyler!!!
Occam never even heard of a chainsaw, but I'm sure he'd have wanted one if he had.
Free EBT card, Free Section 8, Free condoms to run myself as a ghetto whore. 3 more babies on free Government protection which got me knocked up, and I'll be living like a Queen bee.
Obama Is Going To Pay For My Gas And Mortgage!!!
The EBT cards and lazy fat people who watch TV all day and complain should be the worst of it but is more than that. There is an end to this road and it is a huge pit for every American, not just the Obama cheerleaders who get free shit, the clappers.
thanks for the hopey changey Barry - cockroach
Do you remember about how gays are going to become the new BAR circus attraction. Well, the faulty taxpayer condoms quality issues due to creating more babies should make ObamaCare website a non-issue. /LOL
Our current administration would slip you a date rape drug in order to make you a dependent soul.
Yes, and speaking of our current admin, what happened to Tyler's article LAST NIGHT concerning the wages and millionaires in the US government?
I searched high and low for that. Anybody? Tyler? Methinks our current administration told ZH to remove it.
we need a company called 'Nothing Anywhere' to impress some analysts... then shite will fly
With enough MSM hype you could probably pull off $20 a share for anything at IPO time.
Avoid reading further, really.
The Black Ops came. They took two of the last three people in this world that can make LSD. People we arein deeeee pshit
What world are you on? On my planet LSD is in the produce section of the store right next to rotting oats.
You're kidding! Really? You take the brown acid?
Scrolling ads at the bottom suck. You press the x button and it still takes you to the site.Fuck Dr. Oz wrinkle cream. My goddamn wife must be using my Ipad again!