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It Doesn't Get Any Scarier Than This (Literally)
The S&P is 5.5% off its all-time record (triple the 666 lows) highs (and still positive year-to-date) and this happened...
What happens when it goes negative?
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BTFF
Is this the retail piss-your-pants indicator?
Edward Quince, what say you?
I JUST SOILED MY ARMOR!!
The black abyss tends to do that to people. Those who refuse to look even when times are 'good' are ill prepared for what they eventually find when they have no choice in the matter.
I still see zero premium in the options....
Silver and gold are well-poised for a flight to safety here...
something to be said for 12ga. 00 as well........
Long on lead and razor wire
Gartman is bullish, so time to short, LOL.
Actually got a new 12ga pump yesterday. Can't find a 9mm round to save my life. They say all the preppers in the US are buying everything up...
Bro, do you even gunbot?
http://www.gunbot.net/ammo/pistol/9mm/
Very cool. Just 420 rds of 5.56 @ only .36/rd !
Bullshit.
If the market (DJIA and SPX) breaks the 200 DMA by 5-10% with volume the FED cocksuckers will intervene. Anyone short had best cover by Tuesday.
Then go short again on Thursday because that's my best fishing day beyond the reef off the Florida Keys and I will be properly intoxicated enough to catch my limit on Mahi and Yellow Tail Snapper and fuck the markets like Clinton hitting the hole on fat bitches in heat.
In other words, S&P 500 1320, here we come.
Saved to favorites.
Try also Patriot Ammo Supply.
Matt's good people. I've bought from MPS a few times myself.
http://www.mypatriotsupply.com/
As an added bonus they leave it at your front door:
http://www.bulkammo.com/handgun/bulk-9mm-ammo
Bullshit. All the Procrastinators are buying shit up. Preppers are sitting back laughing in fear.
Bullshit. All the Procrastinators are buying shit up. Preppers are sitting back laughing in fear.
Uh Oh...a glitch in the Matrix....they're here
5 weeks 5 hours.
"Breathe deeply the fresh air of enlightenment and suckle the teet of doing what thou wilt without destroying thyself in the process. Also going Galt.
Stay thirsty my friends."
Ah, the keywords of the satanic Bible, used in the same breath as an advertisement for a brand of beer and a ponzi-scheme to buy land and investments in South America that seems to have FAILED (all while referencing a fictional character in Ayn Rand's weird 'Atlas Shrugged' book).
I'll wait for the next installment, where this poster states that Obola the Cannigula was a misunderstood leader who was attacked because he was a poor racially-slurred visionary.
HELL YEAH, they're 'HERE'!
Cramer: Spotting the market bottom
http://resources3.news.com.au/images/2008/11/13/1111120/562907-worlds-be...
http://www.cheaperthandirt.com/ProductListing.aspx?catid=736
Cheaper than dirt, price gougers when they get the chance, sandy hook anyone...
What did you get, Bob? Remington 870, Mossberg 500, Winchester SXP or something else?
Agenda 21 land grab? Obama Designates San Gabriel Mountains National Monument
http://wtfrly.com/2014/10/10/agenda-21-land-grab-obama-designates-san-ga...
Fear of what... losing some toilet paper that some old hag hands out and prints on a whim.... Long lead and the people's money - cryptos!
I fear I am not greedy enough.
Good point, but about half of the normal premium is the short rate, which is now zero.
The other problem is that mountain range of derivatives with no margin, deposit, credit behind it.
Everything is risk free now, until it isn't.
"When you gaze long into an abyss the abyss also gazes into you."
I just pooped myself. Not out of fear, just because.
Are you on a flight to Vegas?
Coincidentally ...yes!
CD, as a fellow Rationalist, you will note that the Feer-Greed barometer is based purely on primal emotion (i.e. reptilian drives), and not on Principles.
When Principles leave the shores, or go out the window, it's time to... Quietly head for the EXIT of the Ponzi Market. Which is why I'm in Cashish, USTs, Bullion till further notice.
Bank of Serta, Sealy & Posturepedic is looking really good right about now -- to preserve Capital, Cashflow, privacy, etc.
A market crash is, by definition, DEFLATIONARY. Cash in king in deflational (made-up word) times. My personal banker, Tincan Buried Under Oaktree, is VERY CONSERVATIVE. No derivatives exposure at all!
I thought it was already understood that the safest place is in one's boat.....
Just more chart porn. Meant to scare the masses. The abyss is manufactured.
Where, in China?
China now has officially surpassed CONUS in two quite important areas (actually, there are several, like manufacturing): World's biggest economy; and world's largest oil consumer.
The '71 OPEC accords were based on the CONUS buying all the oil they could produce IF it was sold un USD denomination. NOW, China is the #1 consumer, and has the money. You DO see the logical outcome I presume.
Yeah, the market traders SHOULD be soiling their Depends.
The Conneticut fucking Tot.Soc. Governator has just enacted an emergency order that allows forcible quarantine of anyone exibiting 'Ebola-like' symptoms, so you better not sneeze or cough or blow your nose in public in Conneticut! I wonder how many market traders live there.
Fear porn? MY ASS!
The break of OPEC from the 1971 Accords will be the FINAL SIGN, I think (unless the CONUS is the target of a concerted nuclear attack FIRST, in which case any 'preparing' will be for naught).
A little Dio-vocalized Black Sabbath song called 'Children Of The Sea' might give pause to those who think that this is just some type of fear-mongering. People don't realize that there IS such a thing as 'predictive programming'. This song is about the vision of the end of the FED-RES CONUS MIC and the WESTERN BANKERS in the E.U.:
http://www.youtube.com/watch?v=nd3ZiAwmLpM
Hell, it came out before most on this site were even born. I bought this album as a first-cut vinyl 12-inch 33 and a third rpm record. The CONUS was between wars, then.
I soiled my UnderArmour, a Cramer fave at $73...
Money to be made when there's blood in the streets... Same as ever...
How much blood you talkin about?
How much blood can falling knives produce?
Hopefully blood of a certain tribe. I hear it's extra iron-y.
You are not understanding, young Grasshopper.
If YOU were a 'tribe-member' and got to set the rules and rig the markets and steal the riches and buy the control thereof; you would have pre-positioned yourself LONG AGO so that you were insulated from the utter destruction that you had initiated in the first place.
'It's a small club, and you aren't invited.' I believe George Carlin said this in a supposed 'comedy sketch' once.
Hope all you want, but the outcome will not be as hoped (as usual). Pagans and Goyim and 'non-believers' in 'CONfidence' will undoubtedly bear the brunt of what is happening (not what IS GOING to happen; what IS happening).
I presume you are speaking of the Ashkenazim and the Khazarim 'tribes'. 'The Protocals Of The Elders Of Zion' is NOT a MYTH. Can you imagine the depravaty of paying a 'MOYLE' to literally bite the foreskin off of your newborn male child with his teeth?
but from every oriface due to ebola?
Blood with a very heavy viral load...
Are you an old 'Judas Preist' fan?
I think you might be.
Here's a link to the lyrics that you might be referencing:
http://www.youtube.com/watch?v=DdwuxoSHsSo
Better run for cover...
The 'love machines in harmony' are about to FUCK THEMSELVES TO DEATH.
You get so close to helping with this ROARING HEAVY LOAD...
I have read your profile, and your skills will be in the highest demand after the culling.
Maybe one day we will see someone with the Edward Qunice moniker posting in the comments section. Come on BB you big pussy, show yourself.
HOLY SHIT!
Bernanke's REAL NAME was never to be REVEALED!
THAT was the AGREEMENT!
(You must be one of them tin-foil-conspiracy-bloggers who has links to dangerous 'Alternet' sites that might threaten 'national security'.)
Oh. I see that it has gone 'mainstream'. My mistake.
http://blogs.wsj.com/economics/2014/10/09/meet-edward-quince-the-secret-...
http://nypost.com/2014/10/09/ben-bernanke-aka-edward-quince-defends-aig-...
http://www.bloombergview.com/articles/2014-10-10/levine-on-wall-street-b...
http://www.marketwatch.com/story/how-edward-quince-helmed-fed-through-20...
http://www.reuters.com/article/2014/10/10/us-aig-bailout-bernanke-idUSKC...
I'm not gonna change MY avatar to the one you speak of. I would have to then ask WB7 about the art of suicide, because I would be so fucking DISHONORED that I would have to kill myself.
Brown logs running down the pant leg
dont 4get to shake the leg
Signed, porcelin grunter
This indicator needs to be re-baselined. Shit didn't even exist in 2008. Would it's values have been negative in 2008 based on this current baseline? You bet.
Just like the setup for the last two major crashes, NASDAQ bleeds the way.
What is a Fed with an already record, epic, bloated, septic 4.4 trillion dollar balance sheet to do?
Save "markets" Patron Saint Yellen. Rescue "efficiency" Father Dudley.
Go long Priceline.com because it has such a unique "moat," is a 100 bagger, has the same market cap as most countries, and is blowing out all-inclusive vaction bundles to Liberia, Sierra Leone and the West African coast.
I would be buying PCLN hand over fist if I had the cash but all my money is tied up in pets.com and etoys.
Just waiting on the quickly accelerating margin calls due to massive, record margin debt (higher than 2007/2008!).
It shall be epic.
Ya' gotta be in it to win it!
With ZIRP and record low cost of money, leverage should be at world shattering levels! Playing the spread between zirp capital and market and bond returns. Levered to the max.
The Fed just might finish buying up the rest of the country. Just how much of Detroit do you suppose they own now?
By the time they realize that they need to change course and DO something,
it will be necessary for them to purchase Japan,. whatever is left of it .....
Japan is leading that race, but every CB is running in that race to the bottom/off the cliff.
Not me; I'm Greedy.
[buying lots of cheap physical...]
The mother of all bullshit indicators?
If you're greedy.
Total bullshit, goal-seeked waste of time. Show me the reading after we've had a couple of ISIS attacks at northeastern malls, the 382nd case of Ebola in New York (or wherever), a 1,200 point crash on SPX, sightings of Russian planes off the West Coast, a Chinese attack against Japan, Israel running military missions in broad daylight, and some panic that cleans off the shelves at your local 7-11.
Will that be slightly more red?
The West may be about to launch a surpise offensive to reverse it's epic defeat at the hands of East Ukraine. Cease fire was used to mass new forcces and obtain new western high tech weapons. It is not known yet how serious Kiev might be about beating winter and going over to an offensive. Washington DC makes the decissions, and Obama is dropping the ball in Ukraine. Perhaps his tame Anti Assad Army having turned into ISIS and gone off the reservation has Obama all tied up with that war. Markets in Europe would sell off fast on any Kiev offensive, the fear being that Washington DC will order the EU to cease all trade and joint business between the EU and the Russian Federation. Germany is weakening fast and a futher limit to it's vast consumer Market in Russia would push GDP down another point or two.
European weakness, with Ebola moving into Spain, and with the UK in high terror alert. With a new army of illegal young male migrants rioting in the Channel Ports for access to the British Welfare System is killing Franco British relations as I write. Europe is going to be a net negative all around. Panic? Not yet, but the Fed is out of fucking ammunition, so the next leg down is going to cause whiplash to the long haul investor. Note also, the time is ripe to harvest people's 401K investments by selling out from under them, cashing in gains for big traders and sticking the 401K crowd with huge fucking losses.
One wat or another they'll get World War III going.... TPTB think war is the end to all their problems - this time it'll just just be the end. period.
But then maybe that's the reason for all those bunkers deep underground (admission to the rich and powerful only, thank you).
The FED was out of ammunition in 2008 and they did the CRAZY thing of increasing their balance sheet by 4 trillion. Meaning indebting the Country by more than all history together.
I am curious, really curious what makes you think that they won't go to QE4? They don't have any physical limits to what they can't print short of financial chaos.
I predicted when they started with Q1 that they were not going to be able to stop, since it is a flow problem and not a stock problem, it has always been and it will always be, debts are never paid, except in bankruptcy. My prediction also indicated that they were going to have to accelerate QE as they went from 1 to infinitum, with acceleration to the acceleration and so forth, basically the derivative of the next order would have to increase. The model doesn't allow for anything less without a crash.
At the time I wrote an open letter to BB but was ignored, like many others who have cautioned the same. We all saw hyperinflation in real terms, meaning the stock of paper money people think they have a right to (including derivatives) versus the total amount of goods and services available in the economy accounting for their maximum possible growth. NOT CPI, which is only a manifestation of the speed of money and thus limited by what percentage of their total assets people want to spend today. As time progresses and those assets needs to be converted into goods and services by the baby boomers, which don't exist and wont exist, reality will collide with CPI models and hyperinflation will ensue. Sadly, it most likely will be superimposed with stagnation.
And please forget the scarecrows that are talking about deflation, please, that is only a transitional manifestation of people becoming scared of spending money now in fear of not having it tomorrow and has NOTHING to do with real deflation.
Good luck to all, we will need it... No amount of weapons, gold, silver, water etc. will save us from what may come. Only getting smart scientists (please NOT economists, whose Keynesian philosophy is based on lying to the people) to plan the future may save us.
Russia unlikely to stand by if another second front offensive is unleashed in East Ukraine with more high tech weapons by Kiev supplied by Neocons. Opening up a second front did not end well for Nazi's in WWII nor will it succeed with US involvement in Middle East, Ukraine and saber rattling with China. Somehow the problem is not Obama, but with his trying to placate the real power interests in Washington. No doubt the quest to achieve economic growth after QE and ZIRP have proven to be ineffective is another reason for a marauder mentality in Wash. If nothing much happens between now and 2016 would be a good thing, but the Presidential election will be extremely polarized, as it should be, since we really need a national referundum on expanded military incursions, fighting terrorism overseas or waging extended decade old costly military actions. The latter is a formula for economic collapse
Orientalreview.org says that up to 12,000 Junta soldiers have been killed since June, 14
I have followed all the battles since the start. I suggest 12,000 KIA is very possible. The defeats of Kiev's big offensive in August offered up World War Two style battles in which Rebel artillery and Multiple Rocket Launchers caught whole battlions of Ukies in the open. Ilovisk battle accounted for 2,000 + Ukie soldiers in a week.
Lowest number is 8,000, but I suspect 12,000 is just about right. Rebels are over 3,000, and they get a kill ration of 5 to 1 or so, so do the numbers.
Miniature redux of Stalingrad battle with winter glorious withdrawal arriving as the snow falls. Kiev will also hibernate during deep freeze. Focus in US will be on crumbling ME, Ebola and Fed ZIRP causing a volatile market correction. Hunter Biden may even be appointed to serve on the Fed in effort to add tranparency.
I'm actually hoping an isolationist candidate emerges that will shutdown all foreign entanglements. Not just the wars, but all of it. No most favored nations, WTO, military bases... shit, the list of crap the US funds/props up around the world is nearly endless.
Nah, no way anything like that will gain traction.
Perhaps it can go negative and they just haven't showed us that part yet? /s
Source CNN
Bwa, ha, ha, ha, ha, ha....
Right; kill the messenger
don't actually read it.
not even a good laugh line, trollbait.
Hurry, send out the 401K statements early!
401K? Another word for "soon to be ass fucked".
401K = 4 bankers on one end of the 0, and you the 1 on the other end.
It's your 0, and the K is your legs. BOHICA!
In other words, fucked without a kiss, no lube, no reach-around hand job...
Use the rules of phonics when pronouncing "401K: Sound it out... "foooouuuurrr-" the "0" is silent, and the "1" is silent... "fooorrr", now sound the K-
"fooouuuurrrKKKKK" OH FUCK! I'm TOTALLY FUCKED!!!!
so it can only get better from here, right?
I'm a great believer in starting at the bottom, and working my way down.
While growing up, I often heard that the only way to make a million dollars farming,
was to start with two million.
Kudlow was on CNBC yesterday saying it was time to add to your IRA/401K.
Kudlow is the equivalent of a used car salesman. To him there is never a bad time to buy stawks. His credibility was shot a looooong time ago.
Coke dealer, not car salesman.
Zero is way worse than one. It's one less.
These go to -11
The Spinal Tap indicator?
One is the loneliest number.
http://www.youtube.com/watch?v=d5ab8BOu4LE
Fear and Greed?
Reminds me of the BS "Loveline" from Donnie Darko.
Funny how Wall Street puts things into a bi-polar gambling metaphor, eh?
Gold is only 1224.
The fear is phoney or the POG is phoney.
Either way, wake me up at Au 2400 Ag 75.
Can Ebola be driving any of this? Maybe those beautiful numbers in ones portfolio don't confer as much safety now as a case of canned chicken in the basement. Maslow's hierarchy of needs prevails in the end.
Miffed
Ebola is the new 'taper', just because.
Taper words don't work anymoar.
With Ebola, there is no taper, everything's just a bloody mess...
Plenty of academics like to throw rocks at Maslow,
but it's hard to be phillosphical about a tooth ache.
I like to throw rocks a plenty of academics.
Actually, it isn't really fun. They just lay down and die without a fight. Kinda like hooking a sucker bottom feeder vs a trout.
Miffed
Discomfort (pain, hunger, thirst) are remarkable motivators.
It doesn't take much dried / canned food, maybe some Vit C, and a safe secure water supply to ensure you'll outlive the masses when it all goes wrong.
(Mind you the resulting devastation will mean survival takes on an entirely new meaning).
Yes, I was contemplating today on the possibility of an asymptomatic carrier state occurring in a small percentage of people who,through genetic fortune, are simply resistant to this disease. Modern day Typhoid Marys who spread the disease by shedding virus going through their normal day. Others may emerge from their carefully prepped spider holes, relieved they survived the initial burn through only to be felled by such beings.
I really need to find a way to quell my mind or channel it's wanderings into something profitable like doomer sci-fi paperbacks. I think children's books are out of the question.
Miffed
That reminds me...I think I'll take up milking cows just to be on the safe side...
SOMEONE has to teach the children.
Here's an idea... "Skipping school because little Ralphie has ebola"
I fully trust that any and all threats of a pandemic in this advanced country will be contained - after all the hosts are "exhausted."
All kidding aside - what the hell are these people at the CDC thinking when they suggest not imposing restrictions on air travel from West Africa? Is this SOP for a bug of this lethality and transmitability?
Not sure Miffed, but I'd bet Ebola will be added to the list of reasons for QE4.
You may be right. However Ebola can replicate at a far greater rate than Yellen can print. And it really doesn't care what happens to the economy. In fact a disastrous economy would help its transmission.
Being a microbiologist, my money is on Ebola FTW.
Miffed
Look at Fed QE as a virus. A virus hijacks a cell, and uses the cells machinery to make replicas of the virus. In much the same manner, the Fed has managed to hijack the US and force it to replicate federal reserve notes. Often, a virus does not know how to stop the replication process, and so, it hijacks too may cells, makes the cells make too much virus, and in the process, kills its host. Smart viruses, like herpes or the common cold, have co-evolved with humans to keep both the virus and the host alive, in what amounts to a boom-bust business cycle dynamic equalibrium. Other viruses, kike ebola, do not know how to live within the business cycle. The Fed cannot stop printing, just like the ebola virus cannot stop replicating. The result is the same- an incurable overload of viral particles that will cause the host to hemmorhage out of all pores and membranes, leading to massive blood pressure (economic deflationary bust) drop, and then shortly thereafter, death.
Most people have as much chance for self-actualization as ebola has a chance of having a conscience.
Anyway, just wandering how the hell CNN "measures" fear and greed so conveniently with a centrigrade scale? Besides, isn't the opposite of extreme greed, extreme genorosity? I just don't get this cesspit of a world every time I look at it.
Get your 1900 hats out. Putting a long position for next week.
There's no telling what Yellen be selling!
Look at the click bait indicator through your google glasses and your dick is vixed.
So risk off according to this indicator. Watch how high these markets go next week. Short squeeze incoming. We all know it. I hope it crashes but we seen this over and over again. When the world panics these assholes buy.
The big moves are usually very large orders placed into very thin markets. Even though the volume has been increasing, the big orders that are moving certain markets are being placed at precisely the time the markets are thinnest and most vulnerable. Inflicting the most damage. It's not a coincidence. I have no idea where this goes or who is doing this, but they have a purpose. That scares me. That should scare everyone.
Short the market! All in!
TZA
bot SVXY calls at the close, they can't let this mkt just shit the bed... can they?
with election in 3 weeks, Demon-crats won't roll over so easily...PPT and Fed will get busy, stat... right? hello?
Personally, I think this bloated pig is about ready to pop. It's been putrefying under the Fed. heat-lamp for far too long.
I don't need the top or bottom 20% of this move. I'll just eat some popcorn and watch the circus until the main event.
Speaking of charts. The PeNikkei has a wonderful weekly "Head & Shoulders" pattern forming. If that's the case, the usdx is in for some rough times next week.
Here's the chart. I'm not sure where to draw the neckline?
Looks more like a three headed monster (triple top). Watch out below.
It's almost like "the market" is manipulated or something... like Obama wants the Republicans to win in November so he can continue placing blame elsewhere or something... I sense a great disturbance in the force... As if millions of auto sell algos cried out in terror and were suddenly silenced.... By Yellen and the IRS
I just can't see any politician wanting his party to lose. I can see the people in the shadows who run the government doing this but not the actual politician. TPTB want to frame this as a Dem problem to swing the country to the right. It doesn't matter what letter D/R comes after the candidates' name the agenda to advance the material interests of those with the real juice will be accomplished, The left/right paradigm gives you the illusion of choice.
That's funny. I don't feel any fear at all.
Bullshit - investors are not smart enough to be fearful until the bottom
"Bullshit - investors are not smart enough to be fearful until the bottom "
I can just about hear all my neighbours crying "why didn't my broker warn me?"
Most people in the stock market just say "Oh well, it will come back." 9 of 10 said that in 2008. Most people don't watch the news or get all twisted up when the market crashes.
They say "oh well it'll come back" until they are 55 and then things get serious. If you are 30 maybe this is not an important correction but to see a portfolio decimated in 08' you can't take a chance a mere 6 years later. Attitudes change as we age- consider all the student loans out there- 40 million Americans have debt. Are they going to take a chance and BTFD? At 56 I am out.
There is digital Weimar since 2009 going on in shadow banking.
This is the end of it
What part of {cheap commodites, strong $} are you missing EKM?
The system is priming itself for another round of easing. Not the converse< Commodities are pegged to the USD, and even China and Russia know that. That's why they're moving away from the usd. (it takes time terms of trade)
The scenario you're speaking of comes after the country/blok/region, loses the war. Then you have hyperinflation.
Why would the US use santions to crush other economies if they wanted a weaker $? Or wanted to drain $'s out of the system?
I like you and think you're a nice person EKM. You just get stuck on/in these(straight line) tangents.
What ever happened to your primary dealer thesis?
My primary dealer thesis is still strong and proved correct. Everything I said in May 2013 proved correct and it is still being proven correct as far as structural events'
It is precisely primary dealers which were Weimarized.
And no, commodities are in hyperinflation right now
Cheap oil = $20 per barrel
Affordable oil = $50 per barrell
Zero growth = $80/ Barrell
Guaranteed economic collapse = $100 per barrel (3 years alredy and still ongoing)
Show me $50 per barrel, then you'll see what cheap commodities mean, which is getting there anyway.
EKM you exiled yourself for the better part of a year, over your " Primary Dealer" market crash thesis.
Who was that sacrificial (lamb)primary dealer EKM?
http://www.newyorkfed.org/markets/primarydealers.html
Here's the Fed. link to active "Primary Dealers" EKM. I don't see any of them being removed since " Corzine M.F. Global"
You actually think oil is going to $20.00 because oligarchs are hoarding it?
I'd say Barclays will go down, maybe merrill lynch also
I estimate about 5-6 billion barrells in storage as collateral for derivatives at minimum which is 1 year of USA consumption
That is on top of iron ore, aluminum, copper etc in storage worldwide bonded for derivatives, not available for consumption thus starving the economy
Middle men (insolvent oliargchs) are controlling prices and gambling, not suppliers.
Eventually suppliers take over.
So, you think all those container ships full of contango crude, are just being parked for future demand?
Is that what you're saying EKM? If so, that implies a stronger $.
You think all those frackers that need $80-90 CL to cover extraction costs are hoarding oil?
http://www.zerohedge.com/news/2014-10-10/why-oil-plunging-other-part-sec...
Here you have correct explanation YC.
And no. Containers, onshore and offshore are parked as collateral for derivatives, not for future demand, until suppliers see the glut and kill the price like Saudis are doing now
It doesn't matter. You're a nice person, and sometimes people have different thoughts & feelings about things.
We both know the clownshow is coming to an end. How the curtains get drawn is anybody's guess.
You can just copy the [post number] instead of the whole link/article ~ for individual posts EKM~ The number at the upper right corner.
Okay EKM, I have a fan. Here's why your observation is completely wrong.
The Saudis are pissed that CL prices aren't higher. There's lack of demand issues.
Currencies are priced in FAITH. That faith is based on supply lines. The glut in supply lines is "Terms", "good will".
I gave you an, inch and you took a mile EKM. Now it's Game On!
I'm not playing with your endless monotone[ shadow banking, primary dealer] diatribe anymore.
Basic economics:
Demand = infinite
Supply = scarce
Economics is about allocation of scarce supply to meet infinite demand.
There is no such thing as 'lack of demand'
You're contradicting yourself. Pick a side EKM.
You can't have your cake and eat it to. Unfortunately you grew up in a communist society.
Your reasoning is completely out of whack. Economics are about demand. ( scarcity commands a premium)
Based on your reasoning... Demand only exists for hedging, and companies don't have to report positive earnings because they've hedged demand.
What value does a commodity have, if there isn't demand for it? Why would you want to hedge a commodity, and expose yourself to RISK, if there wasn't demand?
You have too much Soviet Russia in you.
I'm sorry to break in here, but THERE IS NO COLLATERAL FOR DERIVATIVES!!! No-one is holding back oil for collateral for anything. "Unsecured" only works when she takes off her bra.
Just cause it's bonded, doesn't mean it's there.
I think they are still looking for some bonded commodities in Qingdao warehouses.....and what they are finding has been 'pledged' six ways from Sunday.
Same thing is happening in USA, EU also.
Stuff is being stored, gambled and not reported
Not exiled, he was detained at a re-education camp during that time. Didn't you notice the change?
But, slowly he drifts back to his roots.
It's frustrating. Those endless loops. I like the guy AssFire. He's not stupid
I agree, I like the certainty with which he speaks with except when he speaks against Putin.
ekm:
I have had my popcorn popped and Chablis poured for months. But it just keeps going and going. and going and going ....
1972 gold delink
15 years later too many dollar created, 1987 collapse
1994 collapse
2000 collapse
2007 collapse
2014-15 next
Every 6-8 years the system needs to mop up excess reserves, otherwise world drops USD as it is happening gradually.
Economy will continue to die unless oil goes down to $50 per barrell and stays there for at least 1 year, if not 3 years.
Oil is down because of our incessant desire to fuck Russia. Total manipulation in classic style.
We have grown very dishonest in America. It is a shame. The real shame is we cannot control our own destiny anymore.
The banksters have us tied up.
Still have direct deposit?
It's mostly against Iran, not Russia.
Saudis are losing control of price because there is too much stored around the world and Iran is threatening them with annihilation.
They will kill the price to eliminate bank lobby guys who are insolvent and leveraged and who allied with Iran against them and Pentagon, thus regaining control of price
OIL is down because there's lack of demand. What part of liquidity are you missing.
Dealers and Banks don't need to hold stockpiles as collateral as long as their collateral agreements are guaranteed with USD.
Where do you think "right of passage contracts originate?"
There is no such thing as 'lack of demand' for energy
Demand is incessant, unending and infinite.
There is only lack of supply, never lack of demand, never
Are you kidding me? energy<> Fiat
If your "insane scenario" were true. Then why do we fight wars over natural resource rights, and land?
You're going to say energy is abundant, and all of the excess is locked away in derivatives? (winner winner chicken dinner)
It isn't. Never has been, and never will be. Are you familiar with the Boeing 747-800?
That flagship aircraft is most profitable in ~cargo form~ Boeing spent massive amounts of capital to keep the dream alive.
Why would a company with literally $100's of billions waste their time, if they could hedge JP-6/7 on barges full of CL?
Yen Cross...Click on the link in my following post, please.
When the supply available increases then the price for the commodity declines.
It is the Natural Law of Supply and Demand.
KISS. Keep it simple, stupid.
Elegance, simplicity, is the signature of ingenuity...or genius.