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Barron's On The Crash? - "This Time It's Different"

Tyler Durden's picture




 

This time is never different.... unless, of course, one acknowledges apriori that "this time is different" thus making this time, er, different? At least that is the logic according to the latest headline-grabbing edition of Barron's which observes that with the Nasdaq approaching 5000 again, "fears have been raised about the possibility of yet another market collapse." But fear not, because "this time it's different"...

 

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Sat, 12/06/2014 - 14:48 | 5524043 billbengen
billbengen's picture

Yeah. this time it's different. Dow will go to 5,000 and Jeremy Siegel will seek employment as a dogcatcher. Dogs beware!

Sat, 12/06/2014 - 14:55 | 5524058 Hype Alert
Hype Alert's picture

Things are different this time...  The Fed's already at zero.

Sat, 12/06/2014 - 15:07 | 5524065 Sudden Debt
Sudden Debt's picture

Thre's a european meltdown comming that will push the euro down to equilibrium with the dollar 1:1
And that will scare a shitload of money into the US market as it's the fastest way out and it will push you dow to 20k
It's got nothing to do with fundamentals but people running from side to side on the titanic when the last 2 lifeboats are lowered.
In the end, the last lifeboats where turned into matches because of the panic.

So it's now a bit of the worst against the second worst.

And everybody will call it the big US revival and than the market will somewhere crash in 2016

I'm actually moving money myself into dollars as is

Sat, 12/06/2014 - 15:10 | 5524078 himaroid
himaroid's picture

Cool. Cheaper precious. Temporarily.

Sat, 12/06/2014 - 15:15 | 5524092 El Vaquero
El Vaquero's picture

The stock market crash could come in one of two ways:  Nominal value and real value.  I wouldn't be surprised to see some black swan land, causing the algos to go haywire and cause a cascading effect with margin calls, and I also wouldn't be surprised to see the nominal value of stocks continue to rise while the real purchasing power declines - i.e. faith in the dollar itself is lost and its value plummets faster than the nominal value of stocks rises.

Sat, 12/06/2014 - 15:40 | 5524147 jbvtme
jbvtme's picture

if the fed owns stocks and bonds who will they sell to? or is the better question: why would they sell when they can just keep printing money? they will sell when they want to raise the misery index.  that's how they roll.

Sat, 12/06/2014 - 16:53 | 5524261 kliguy38
kliguy38's picture

The only thing different is you have a whole new generation of sheep to shear.......now lets get this fleecing going

Sat, 12/06/2014 - 17:24 | 5524307 Pool Shark
Pool Shark's picture

 

 

And, who could forget this Barron's classic preceeding the Dow's 50% crash:

http://thebullsandbears.com/wp-content/uploads/2013/08/04-30-07.jpg

 

Sat, 12/06/2014 - 17:38 | 5524331 zerozulu
zerozulu's picture

Different my foot. Like there had never been a super power before in the history. Same thing will happen like always happened to the super powers.

Sat, 12/06/2014 - 20:26 | 5524741 Frolf
Frolf's picture

THey couldn't buy our houese for cheap enough last time. They'd like us to starve to death. Then the demand for housing would really drop.

Sun, 12/07/2014 - 06:35 | 5525454 Frolf
Frolf's picture

Tyler Durden is nobody compared to Spengler

https://www.youtube.com/watch?v=Yzwfs3DjSJg

Sun, 12/07/2014 - 07:01 | 5525471 Squid-puppets a...
Squid-puppets a-go-go's picture

well, whatever

psssst: as of this friday gone, theres only 20 tonnes of elligible gold left in Comex

720 000 oz - thats all we have to take delivery of, and the beast is dead. pass it on. 

http://srsroccoreport.com/

Sun, 12/07/2014 - 11:11 | 5525699 Spitzer
Spitzer's picture

Just $3 this hour and this comex default would be over.

Sun, 12/07/2014 - 08:40 | 5525528 Optimusprime
Optimusprime's picture

Crypto-Zionist obfuscation and misdirection?  Grad school bullshit?

Sun, 12/07/2014 - 11:54 | 5525776 Remington IV
Remington IV's picture

too funny

Sun, 12/07/2014 - 00:34 | 5525225 StychoKiller
StychoKiller's picture

These new sheep, are they the ones with Student loans and no job?  See where this is going?

Sat, 12/06/2014 - 16:57 | 5524264 philosophers bone
philosophers bone's picture

Wash trades among colluding parties. Front running. Large scale pump and dump. Not different this time. Just on a larger scale. Same old tricks.

Sat, 12/06/2014 - 17:04 | 5524276 sun tzu
sun tzu's picture

The fed can keep printing money and buying stocks until they end up owning all publicly traded companies. Everyone will either be working for .gov or the fed.

Sat, 12/06/2014 - 23:52 | 5525154 TheReplacement
TheReplacement's picture

Or not working at all.

Sun, 12/07/2014 - 01:33 | 5525289 Squid-puppets a...
Squid-puppets a-go-go's picture

yer, its nationalization by stealth. all the usual dickheads that would scream blue murder if the dominant party came right out and said 'We are going to nationalize companies' are totally silent 

Sat, 12/06/2014 - 15:10 | 5524080 kaiserhoff
kaiserhoff's picture

Right you are, SD.

We're the best looking horse in the glue factory.

 

Sat, 12/06/2014 - 15:18 | 5524096 El Vaquero
El Vaquero's picture

Neigh, we are only the best looking horse in the glue factory when viewed from afar. 

 

(Where's John Kerry when you need him?  Snort!)

Sat, 12/06/2014 - 15:21 | 5524107 kaiserhoff
kaiserhoff's picture

Mexico isn't that far;)

Sun, 12/07/2014 - 05:25 | 5525416 August
August's picture

That would be John...... Blucher!

Sat, 12/06/2014 - 15:30 | 5524134 Winston Churchill
Winston Churchill's picture

I can assure you there are NO good looking horses in any glue factory.

Sat, 12/06/2014 - 16:15 | 5524199 Chief Wonder Bread
Chief Wonder Bread's picture

Whoever wrote that headline is a wry humorist. It's all about eyeballs.

Sat, 12/06/2014 - 16:15 | 5524198 gatorengineer
gatorengineer's picture

I thought our secretariat of state had that honor?

Sun, 12/07/2014 - 13:24 | 5525977 SDShack
SDShack's picture

What's so truly comic about all this is if the EU implodes, it will be because of doing the USSA's bidding courtesy of the Fed. (i.e. Belgium buys US treasuries). The EU is nothing but the USSA bitch and is too stupid to realize they are being deliberately hung out to dry. I've said for a long time, you will know the end is near when the sociopaths start feeding on each other. The EU imploding at the deception of the USSA Fed is a perfect example of this.

Sat, 12/06/2014 - 15:32 | 5524140 kchrisc
kchrisc's picture

Imagine you are one of the "connected" looting the DC US, and you want to not only preserve your lucre, but increase it. How do you do that? You would artificially boost the dollar making your dollar assets more valuable in terms of your target currencies, like the euro.

Now after the move is complete, one can then start buying DC US asset much cheaper as the dollar exchange rate implodes.

2015 is going to be quite interesting.

An American, not US subject.

Sat, 12/06/2014 - 17:16 | 5524302 bitterwolf
bitterwolf's picture

spot on crazy gumby...the ECB sure holding out on pulling a fed/QE...they know that one of the side effects is that old proven saw "capital flight to safety"...USD reports of early death are premature...but he one could always buy the slow death of PM.s if the dollah is repugnant...

Sat, 12/06/2014 - 21:58 | 5524944 malek
malek's picture

Euro to dollar 1:1 is a meltdown?

Sun, 12/07/2014 - 00:39 | 5525230 dirtyfiles
dirtyfiles's picture

your voting is already one sided so I say the contrary trade is mostly the most profitable

Sun, 12/07/2014 - 00:45 | 5525241 Think Like A Crook
Think Like A Crook's picture

It might happen that way. But seems too obvious. I've heard that explanation before. I'd be prepared for a quick exit on "King Dollar" which is in effect a bullshit slogan.  

Sun, 12/07/2014 - 08:29 | 5525520 Ronaldo
Ronaldo's picture

Spot on!

Sun, 12/07/2014 - 09:49 | 5525594 TomB
TomB's picture

I agree with you SD that the US stock market is probably a good place to be right now as an European. Ten years ago the situation looked much different with lots of stories about a crash of the US dollar but now I can't imagine it won't be the EU that will come crashing down first. The dollar may be a piece of shit but compared to the rest of the world it smells a lot better.

Sun, 12/07/2014 - 12:57 | 5525903 Think Like A Crook
Think Like A Crook's picture

The reason I don't agree with this is bc this is exactly what CNBS, Kudlow, Cramer, Bloomberg, Citi, Goldman etc...are ALL saying. We know they are fucking crooks. So, now, all of a sudden they are letting the minions in on the secret? Not bloody likely. To the contrary I suspect.

Sun, 12/07/2014 - 14:29 | 5525733 TheGreatRecovery
TheGreatRecovery's picture

Thank you.  That's the best explanation I have read explaining why SPY keeps going up.  (It explains, at least for me, why both UUP and SPY keep going up.)

Sun, 12/07/2014 - 11:25 | 5525717 Lordflin
Lordflin's picture

The Fed would need to make great gains towards solvency to reach zero...

Sat, 12/06/2014 - 15:24 | 5524114 williambanzai7
williambanzai7's picture

Sat, 12/06/2014 - 16:18 | 5524203 MsCreant
MsCreant's picture

That's funny. I like the zero gravity Ponzi machine. The e-CON-o-mist featured on the cover might have a bad case of dino-psoriasis.

Sat, 12/06/2014 - 17:54 | 5524362 Freddie
Freddie's picture

LOL!  F***ing hilarious.   Very random.   One of your best. 

Sun, 12/07/2014 - 10:56 | 5525684 HamFistedIdiot
HamFistedIdiot's picture

F**cking hilarious is right! Those reptilians are out in the open now, sucking on their pipes, earning their debt instruments the old fashioned way! LOL! Thank you.

Sat, 12/06/2014 - 18:24 | 5524419 q99x2
q99x2's picture

That looks like the guy from the tunnels beneath the FED, Wells Fargo and Brown Brothers Harriman buildings. The one I saw had a bigger head though. Maybe they can shrink it to some other part of their body when they have to wear a suit..

Sat, 12/06/2014 - 15:28 | 5524125 Bloppy
Bloppy's picture

What's different this time:

1) Millenials have accepted the idea stocks can go up forever, are too young even to remember 2008, much less 2000 and are caught up in Sillycon Valley "disruptor" hype

2) Financial press has tied Obama's legacy to stock prices, so it's BUY BUY BUY

3) Central bankers smoking more crack than ever

 

Cornell professor: time for white "race suicides" in wake of Ferguson, NYC

http://tinyurl.com/p99wxz9

Sat, 12/06/2014 - 15:58 | 5524184 balanced
balanced's picture

Bloppy, I don't think many Millenials could even tell you what a stock market is.

Sat, 12/06/2014 - 17:11 | 5524291 SilverIsMoney
SilverIsMoney's picture

Im a millenial and take offense to that... we aren't the ones that caused this mess the older generations are. We just get to inherit it from you weak older fucks who let the government destroy you and this country. Thanks...

Sat, 12/06/2014 - 18:44 | 5524469 sleigher
sleigher's picture

Maybe your great great grandparents.  The older generation today was not responsible for the mess either.  They didn't do anything to stop it though or fix it.

Sat, 12/06/2014 - 19:07 | 5524518 armageddon addahere
armageddon addahere's picture

We are all waiting with shining anticipation for the Gen X, Slackers, Millenials to take over and make the country a big success the way they have with so many other things. Oh wait.

Guess we can look forward to another 50 years of whining that the older generations didn't do enough for you.

Sat, 12/06/2014 - 23:57 | 5525164 TheReplacement
TheReplacement's picture

From the day we were born, the older generations have been taking from us.  Screw you for implying we want anything from you besides you to take care of yourself and stop making us pay.  In reality, the only way for us to get what we want (to stop being victimized) means we are going to have to kill you.  Of course, we find that option repugnant as well so there is no winning for us.  Please just die and make it easier for everyone.

I have no problem with you personally.  This is just the reality I was born into.  Thanks for that.

 

Sun, 12/07/2014 - 00:51 | 5525248 dirtyfiles
dirtyfiles's picture

I'm not gonna die for you this quick but I'm surprise to find such young man (I guess) spending his "Kardashian time"here at ZH.

Its actually refreshing and optimistic.

Sun, 12/07/2014 - 01:24 | 5525278 NuckingFuts
NuckingFuts's picture

In my mid-40's here. I don't think you are that far off the mark, just remember that I am fucked too. I will not see what my parents had. (A comfortable retirement at 60 after a 36 year, single job career. Nonunion with good benefits, never cleared more then 60K, but frugal). Anyway.... I still don't blame them, shit, it was honest blue-collar work (once again, nonunion)... They just thought that was America and it always would be. Not evil, a Little naive, ignorant perhaps, but just raising a family with an honest American company. Now in his mid 70s he's got the SS, the Medicare, and nice portfolio. There are millions of them and we are fucked but most are innocent, but blind to what has happened.

Sun, 12/07/2014 - 09:33 | 5525576 weburke
weburke's picture

Cheer up, listen to this as you read.

http://www.margaritaville.tv/player?mc_id=747

it aint easy to have a global economy that supports a planet of 7 billion people.

each purchase you make at your vast shopping options supports some folks in the third world who make the stuff, (and of course the middlemen),

there are 50 million folks on food stamps, cant do that with a gold system, or with an ecomomy that is built as if there is a god of math that demands it make sense. 

You can afford anything in the grocery store. And you are supporting farmers in third world countries with many of those purchases. Population is the real problem if you want to build some ideal economy. How do you solve that? Killing a few billion people is a challenging project, not impossible, as we may see....... but who wants that day to arrive? Best to carp diem and all that !       https://www.youtube.com/watch?v=cpuG2VBbOlo

Sat, 12/06/2014 - 19:16 | 5524544 klockwerks
klockwerks's picture

Typical for someone your age group, It's always someone else's fault. Just take care of yourself and quit whining

Sat, 12/06/2014 - 20:39 | 5524771 MsCreant
MsCreant's picture

TYPICAL OF ALL OF US TO FALL FOR DIVIDE AND CONQUEOR.  Age is another way they try to get us at each others throats. Race, Democrat, Republican, there are so many.

Sat, 12/06/2014 - 23:55 | 5525161 WillyGroper
WillyGroper's picture

Resounding success at it I might add.

Sun, 12/07/2014 - 00:00 | 5525166 TheReplacement
TheReplacement's picture

Does that mean I can do work and not have to pay taxes so the older generations can live off my labor?  Oh no?  I have to be a slave and stop whining about it? 

Would you like to discuss other options like you just dropping dead?

Sun, 12/07/2014 - 01:43 | 5525295 graveheart
graveheart's picture

Ponzi schemes (SS, gov pensions, medicare etc..) always have someone paying for those higher up on the pyramid. You were just born at the wrong time.

Sun, 12/07/2014 - 14:37 | 5526174 TheGreatRecovery
TheGreatRecovery's picture

I have posted this before: I am a boomer.  I added up the total ounces of gold that I contributed to Social Security and then, using a recent price, calculated the total ounces of gold I expect to get back.  If I live to what my life expectancy is supposed to be, I should just about break even.  So I am not asking any younger generations to pay taxes so that I can live off their labor.  Also, I look around me and see that a lot of boomers are already dead.  Many of them contributed for many years and got nothing.  So their contributions go to the younger generations and, I suppose, to the "welfare" Social Security recipients - people who did not contribute but who are receiving benefits.  And some of those recipients are very young.

Sun, 12/07/2014 - 11:41 | 5525746 Lordflin
Lordflin's picture

Silver...

Spoken like a true millennial... The least capable, least educated, least moral generation this country has ever produced... But arrogant, and consummate victims.

Is my generation responsible for yours... sure... as is the generation before us, and the generation before them... on and on back through the dawn of time... btw... my kids all left home at eighteen and are working to put themselves through school... well, to be fair, I paid their first two years, and after that they were and are on their own. You aren't still living with mommy and daddy are you?

Silver, you must take the cards you are dealt and play them... that's life. Will the world recover? Sure... unless this time really is different, in which case your problems will be over. Will it then repeat the same mistakes? Most definitely, as it has been cycling through the same sad, silly, desperate phases for as long as man has been keeping a record.

You are responsible for the condition of your own soul. That is the only thing over which you have any real control. It is also the only thing that in the face of eternity really matters.

Sun, 12/07/2014 - 14:52 | 5526211 TheGreatRecovery
TheGreatRecovery's picture

I'm a boomer, and NO GENERATION is the generation that screwed things up.  The bankers screwed things up.  Thomas Jefferson was fighting them from Day One.  He won, and then Andrew Jackson had to fight them again, and he won.  Then in 1913 they snuck back in, with no public debate.  NO GENERATION invited them in.

Sat, 12/06/2014 - 16:44 | 5524247 MsCreant
MsCreant's picture

Bloppy, I think he was not being literal, but symbolic. Giving up white priviledge for a greater loyalty to humanity.

Sun, 12/07/2014 - 00:44 | 5525238 StychoKiller
StychoKiller's picture

How about we base the first to go on whether they can identify their father(s)?

Sat, 12/06/2014 - 20:38 | 5524776 thenextboy
thenextboy's picture

my best friend's ex-wife makes $60 /hour on the computer . She has been fired for 8 months but last month her income was $16723 just working on the computer for a few hours. try this web-site... www.yelptrade.com

Sun, 12/07/2014 - 14:39 | 5526178 TheGreatRecovery
TheGreatRecovery's picture

My ex-wife makes $500 an hour serving Wall Streeters at a fine upscale discrete establishment.          :-)

Sat, 12/06/2014 - 23:11 | 5525082 yogibear
yogibear's picture

PhD Dog catcher.

Sun, 12/07/2014 - 01:07 | 5525266 glenlloyd
glenlloyd's picture

As much as they claim it's different, it's really not. I like the 'some' overvalued money losing .com stocks, that was some good humor there.

Sat, 12/06/2014 - 14:50 | 5524048 order66
order66's picture

This time it is different.

The crash will be all assets worldwide.

At the same time.

Sat, 12/06/2014 - 20:25 | 5524731 CoolClo
CoolClo's picture

+100

 

" The crash will be all assets worldwide."--- DEFLATION

Sun, 12/07/2014 - 00:01 | 5525172 Yen Cross
Yen Cross's picture

You're absolutely correct. The credit markets will " simultaneously" seize~up

 The lubricant that greases the cogs will run out....

Sat, 12/06/2014 - 14:51 | 5524050 Its Only Rock N Roll
Its Only Rock N Roll's picture

There will be no post collapse Fedication to "fix" things this time. 

Can't fix stupid

Sun, 12/07/2014 - 11:59 | 5525788 franciscopendergrass
franciscopendergrass's picture

What do you mean?  The Fed hasnt gone full retard yet.  They havent BOJ'ed the debt to GDP ratio to 250% nor did they Draghi'ed with NIRP.  Give the Fed some credit for not BOJ'ing or Dragi'ing the whole economy.  /sarc

Sat, 12/06/2014 - 14:53 | 5524054 ABG LINE
ABG LINE's picture

We crashed some folks, again.

Sat, 12/06/2014 - 15:05 | 5524060 noben
noben's picture

Notice the heading in the top right:  OIL COULD DROP TO $35...

Shall we... "hedge accordingly"?  Should Iran?  Should Russia?  Should Venezuela?

The FX traders and speculators must be salivating.  Also related... The falling oil prices mean that Ukraine's gas bill will be affected favorably. 

Sat, 12/06/2014 - 14:58 | 5524061 25or6to4
25or6to4's picture

OT
Happy Independence Day Finland. I'll be watching Tuntematon Sotilas with my favorite adiult beverage again tonight.....kippis!

Sat, 12/06/2014 - 15:13 | 5524089 chunga
chunga's picture

Off topic? I'll show you off topic.

We might end up eating a few of our pets for Christmas dinner. According to many theories found on the Internet, guinea fowl eat ticks. Ticks are just slightly less despicable than bankers and politicians so having them all eaten alive would be a great thing. That's why we got them. I don't really know yet how many ticks they eat, but I know one thing for sure...they eat roof shingles. They're up there pecking the roof right now and I just shoo'ed them away a few minutes ago.

Another Internet theory about Guineas is that they're wild. If you don't train them right they'll just fly away given the first opportunity. We raised them just like we do chickens in the same brooder box. Dumb bastards were teaching themselves how to fly at 2 weeks old by crashing head first straight into a wall so I had to get them out of there. It turns out these mother-fuckers don't fly away unless I throw sticks at them, then they fly right back. They follow me all over the place, even up ladders. I nearly fell off a ladder a while ago almost stepping on one of these demons. Oh and the constant screeching and screaming is fun too.

You wanna see ugly? The fucking things are hideous...and stupid. A couple of squirts with a squirt gun taught the chickens to stay off the porch. Guineas? I've sprayed them full blast with the hose about 100 times and they're not even phased. One of my dogs would love to catch and tear them apart but Lovey would know I encouraged the dog and I'd get blamed. If you want to get rid of ticks and bugs just buy fire ants.

Sat, 12/06/2014 - 15:27 | 5524124 El Vaquero
El Vaquero's picture

All that you need to know about Guneas is the itty bitty head on top of the big body.  That says it all.  One of my neighbors used to have a bunch of them.  They would time crossing the road such that if you didn't hit the breaks, you would plow one.  "Dumb bastards" doesn't even come close to describing just how mindless the things are.  They deserve to be eaten.  Have a Merry Guinea Christmas!

Sat, 12/06/2014 - 15:36 | 5524145 himaroid
himaroid's picture

Good coyote and coon bait.

Sat, 12/06/2014 - 15:41 | 5524156 El Vaquero
El Vaquero's picture

I don't know if the neighbor kept on replenishing them or what, but I'm surprised that they stayed around as long as they did.  It is not uncommon to see a coyote trotting down my road this time of year around dusk. 

 

Then the neighbor got peacocks.  "But they're pretty!"  Yeah, well fuck you!  They're goddamn noisy at 2am in the spring.  I awoke to one doing its "PECAWWWWWWW"  call one night, followed up by coyotes yipping, followed by a "peCA...." then more yipping.  I went back to sleep, smiling for the coyotes.  This was after I had had one decide to roost in the tree right outside my bedroom window..  That close at 2AM, they sound like a fucking banshee trying to get in and cut your nuts off. 

 

Seriously, to hell with peacocks. 

Sat, 12/06/2014 - 19:50 | 5524630 Harry Balzak
Harry Balzak's picture

they taste like shit too

Sat, 12/06/2014 - 22:29 | 5524999 Titus
Titus's picture

Guinea are quite tasty. Try baking them over chopped up potatos.

Another good use of the Guinea is to keep snakes away. They forage a bit different than other birds and will attack and eat smaller snakes including rattlesnakes (great boon if you have baby snakes in the area, especially if you have prairie grasses around your home. Plus, their eggs have different nutritional makeup than chickens, which helps balance the diet when SHTF.

Sun, 12/07/2014 - 00:15 | 5525193 El Vaquero
El Vaquero's picture

I think he was talking about the peacocks.  I danmed near found out if peacocks taste like shit with that one that had decided to roost right outside my bedroom window. 

Sun, 12/07/2014 - 00:26 | 5525213 Seer
Seer's picture

And if people think Guineas are bad try Pea Hens/fowl!  How in the hell could anyone tolerate the sounds coming from these things?

Sat, 12/06/2014 - 19:51 | 5524631 Harry Balzak
Harry Balzak's picture

so I've heard

Sat, 12/06/2014 - 18:20 | 5524411 chunga
chunga's picture

Ahh...I'll give them until spring to find out if they do eat ticks. If they don't...well...sayanaro for them because I can't think of any other reason to have them around. (If a hole gets poked in the roof that could change)

The little monsters are locked in their run now, so it's time to light the fire and drink beer.

 

Sat, 12/06/2014 - 15:27 | 5524126 greatbeard
greatbeard's picture

I'd been considering getting some Guineas to handle my imported stink bug problem but they sound like a bit of a PITA with my life style.  I typically don't use any pesticides in my garden but I'm facing three choices.  Don't grow tomatoes, cukes, melons, squash, etch, get some Guineas, or resort to insecticides.  I'm leaning towards the insecticide solution

 

 

Sat, 12/06/2014 - 15:34 | 5524144 El Vaquero
El Vaquero's picture

Try companion planting.  I had two plots of squash this year, one summer squash and one winter.  The summer squash was planted all by its lonesome.  I was using insecticidal soap on the squash bugs 2-4 times per week on it.  Those stinky fuckers are bad out here.  The winter squash was three sistered with corn and beans.  It was the first time I had tried it this year, and I got the timing on planting the beans wrong, but such is life.  I pulled 5 squash bugs off the winter squash all year.  They didn't mess with it, despite being less than 100' from the summer squash that was infested with the fuckers.  I think the idea is that the squash bugs come, land on some corn, search around, land on corn or beans a couple more times, then depart the plot.  It is my understanding that it confuses them.  Regardless of whether or not that is why it works, the point is that it does work. 

Sat, 12/06/2014 - 16:59 | 5524274 greatbeard
greatbeard's picture

Thanks, I'll look into that.  We get thousands and thousands of those recently imported brown marmorated stink bugs.  I've seen and read about some pretty savy gardeners who've just thown in the towel on these things.

Sat, 12/06/2014 - 17:29 | 5524315 El Vaquero
El Vaquero's picture

Insecticidal soap and/or a wet-dry vacuum will take care of them.  At the end of the season when you're not going to harvest any more, remove all but a one or two squash plants, concentrating the squash bugs on those plants, then go to Horrible Freight and get one of their weed burners and torch the fuckers. 

Sat, 12/06/2014 - 20:52 | 5524811 Ban KKiller
Ban KKiller's picture

My cigar butts become stock for the insecticide spray. Works very well in  most cases. Yes, I get the irony. 

Sun, 12/07/2014 - 00:07 | 5525178 WillyGroper
WillyGroper's picture

@EV, thanks. I have a book on CP but never tried it. I gave up on squash cuz the bastards over winter in the soil. If there was a market for them I'd be a gazillionaire. I'll give it a shot as squash is on the GMO list now.

I'm shocked at how the price of heirlooms went up this year.

Sun, 12/07/2014 - 00:13 | 5525191 El Vaquero
El Vaquero's picture

Yeah, I was really surprised at the lack of squash bugs on them.  I probably had 300ft2 of a 500 ft2 plot covered in squash vines.  I'm sure that there were others that I didn't catch, but when those things get bad, you really know it. 

 

The other thing that should help is rotating your crops.  If they overwinter in the ground where you planted the squash, moving the squash can help.  It's not a sure fire way, but it can offer some protection, or at least help stop them from moving in as early.

Sat, 12/06/2014 - 16:00 | 5524185 lotsoffun
lotsoffun's picture

but - they are so TASTY!!  they really taste better than chickens.  hold the course.

Sat, 12/06/2014 - 15:28 | 5524127 Dr. Venkman
Dr. Venkman's picture

Haha -- Guinea hens are the dumbest fucking things out there. My old neighbors had some. Would charge at my truck and taunt my dogs from the other side of the kennel. Not too stupid to be scared shitless when they accidentally flew into the kennel and couldn't get out though.

Sat, 12/06/2014 - 23:59 | 5525167 WillyGroper
WillyGroper's picture

@Chunga, OMG that was funny. I'll have to show that to the old timer I get my eggs from. He's got scads of 'em. They look like army helmets bobbing around.

Sun, 12/07/2014 - 00:21 | 5525207 Seer
Seer's picture

They look like giant ticks, giant CLOWN ticks!

As mad as they can make me get I would miss them if they weren't around.  Cheap entertainment (they mostly forage for their feed, little cost to us).

Sun, 12/07/2014 - 00:19 | 5525200 Seer
Seer's picture

Thanks for the laugh!

If there's one thing that can be said of Guineas is that they sure ward away dullness (maybe they suck it all inside?).

Had up to 18 of them at the start of the year.  Now down to 6.  Coyotes and raccoons don't get them, mostly owls do (when they refuse to reside in their own coop- headless Guineas at the base of a tree in the morning is a good indicator): in our environment that is.  And during the day the dog would protect them:

https://www.dropbox.com/s/cf4urt1vsxa1ycs/P1090325.JPG?dl=0

The dog tolerates them.  I think that we've only seen one flea in the past several years.  No ticks either: years ago had to pull one from the dog's upper lip- ugh.

Our guineas harass the hell out of our layers.  Wife and I have been resorting to tossing them out of the layers' coop when we go to close it up for the night.  Mind you, the Guineas have an entire coop (same size/design- used to also house ducks, but, well, does the term "sitting duck" ring a bell?) for just the 6 of them, yet, they are compelled to roost in with the layers and take an entire roost away from the layers.  I was about to kill off the rest of them until I decided to just forcefully boot them out of the layers' coop and make them roost out in the trees (and get picked off) or use their own coop.

No one can come around without us knowing about it.

Sun, 12/07/2014 - 00:52 | 5525245 El Vaquero
El Vaquero's picture

"No one can come around without us knowing about it."

 

Geese can be like that.  They're not nearly as dumb as guineas, but waterfowl are messy critters to keep.  And holy shit!  You get a laying goose and you go to pluck the egg?  Vicious!  It's funny, because I've never had a gander get the better of me.  If one comes up and starts attacking, they're more than likely getting my boots and jeans.  I just reach down and pet them and they eventually get annoyed that I'm not taking them seriously, turn around and waddle off all pissy like. It's very entertaining.   But a laying female?  Grab that damned neck if you don't like scabs on your hands!

Sun, 12/07/2014 - 00:52 | 5525246 El Vaquero
El Vaquero's picture

Double tap.

Sat, 12/06/2014 - 15:06 | 5524070 Jack Burton
Jack Burton's picture

Since the world's central banks will not allow a market correction, even a small one based on weak fundamentals, then imagine what they would resort to to prevent a financial and market crash? They would simply print and buy indexes until that ran out of steam, then they go to the IMF and the IMF sets loose Special Drawing Rights liquidity to infinity. Markets may want to crash, but the world's fiat printers will not allow it.

The only thing a sensible person can do in face of this new world order of Central Banking. I believe we must hold physical gold and silver in our own safe and secret storage points of choice. When this printing by the IMF takes off, only physical gold in your very hand will offer any protection for workers and savers. I mean, if you save money, like I do, you get zero interest, and are subject to dollar devaluation. Take what you plan to save and buy physical gold and then forget what paper gold trades at, buy and hold long term. That is my plan in effect now. I won't give my savings over to bonds, banks, invetment houses, fuck fiat. I was never a gold bug, I don't worship the stuff, never have. But right now, I see it as the sober, sane, sensible choice to get out from uner central banking when it all goes to hell.

Sat, 12/06/2014 - 15:34 | 5524142 PontifexMaximus
PontifexMaximus's picture

BTW, JB, did u read, that SuperDraghiMario said: "all asstes, but gold!" He did NOT say, we do not buy.....ETF's shs......But he said, ALL assets, BUT gold. I thought, having seen US and UK market participants stacking on EU eqities, esp. DAX ( as the most liquid one). Keep an eye on it.

Sat, 12/06/2014 - 15:37 | 5524152 greatbeard
greatbeard's picture

>> I was never a gold bug, I don't worship the stuff, never have. But right now, I see it as the sober, sane, sensible choice

I, unfortunately, have been a gold bug.  I didn't worship the stuff but I did see it as my best means of surviving the Fed's actions.  I've pretty much done all you say you are going to/have done.  I don't know if I agree with you about gold being a safe bet anymore.  I'm of the opinion the PTB can do whatever they want with gold and they appear to want to make it not a viable option to their game.  At the end of them game I'm not so sure they won't totally destroy gold just out of spite.

Sat, 12/06/2014 - 15:50 | 5524171 CHX
CHX's picture

Have no fear... Half the world is buying... China, India, Russia,... and (IMHO very quietly) the 1%. 2011 was 1974. Embrace this pullback, it will not last. Miners are mostly below the cost of production and the physical demand is at record high. The (soon golden) BRICS are gobbling up all mine supply (and probably some) on their own. 

Sun, 12/07/2014 - 00:39 | 5525232 Bemused Observer
Bemused Observer's picture

Funny how they call us "gold bugs", and other names, like we're the crazy uncle at the dinner party. They like to issue names to things they don't like. Anyone who challenges their status quo.
They ignore the fact that someone who has gotten to the 'gold point' has likely done some looking into the particulars of their economy, and are merely trying to preserve what they have, making us anything BUT crazy.
And to give up because nothing has happened yet is faulty logic. One doesn't cancel one's homeowner's insurance simply because "Nothing has happened yet."

I mean, would you REALLY feel bad if you paid insurance premiums for years and your house DIDN'T burn down? Or would you consider yourself lucky, and keep those payments current?

You aren't betting FOR economic demise when you 'do' gold, therefore the failure of such to appear after many years is not a sign that you screwed up...you really shouldn't want collapse to occur. You just want to be ready if and when it DOES. Your preparedness is sign enough of your wisdom, even if you don't see the payout just yet.

Sun, 12/07/2014 - 00:57 | 5525257 Seer
Seer's picture

"At the end of them game I'm not so sure they won't totally destroy gold just out of spite."

There's the West's PTB and then there's the East's PTB.  One side is racking up fiat, the other physical.  I cannot see how power holding on to fiat can displace power holding physical, without, that is, utilizing physical itself (which then means aims of acquiring physical through force).

Interesting angle on how Russia is playing this:

https://syrianfreepress.wordpress.com/2014/11/27/putin-golden-trap-1/

Sat, 12/06/2014 - 15:43 | 5524159 CHX
CHX's picture

+1 Nicely said JB, I fully agree. Since paper markets (bonds and stocks) cannot crash, gold may likely be revalued overnight. At this point PMs cannot orderly trade higher IMO... The lower they push it the more strains they put on. Things will snap and we will trade substantially higher and its a physical market only. All the paper certificate PM holders will weep, the shorts crucified. 

Sat, 12/06/2014 - 15:44 | 5524161 Ginsengbull
Ginsengbull's picture

They confiscated it in the 30's.

 

How can one hedge against a repeat?

Sat, 12/06/2014 - 16:22 | 5524209 CHX
CHX's picture

There is not enough tonnage to confiscate to make it worth... and as said... the savvy 1% also load up. The credibility - at least what is left of it - of the US would be toast if they ever pull the confiscation card.

Alternatively, hold some silver - silver should do pretty well too, or move to a different continent. 

Sat, 12/06/2014 - 23:17 | 5525097 Government need...
Government needs you to pay taxes's picture

At the point gold confiscation starts being discussed, .gov won't be primarily concerned with its credibility in the eyes of non-citizens.  Might = right.  If anything, a strong-arm move to take the gold (like shoving a woman's head down next to your unit) would increase .gov credibility in the eyes of anyone who respects raw power.

Sun, 12/07/2014 - 00:21 | 5525206 Bemused Observer
Bemused Observer's picture

There's plenty of tonnage out there, it's just scattered too thinly to be worth trying to confiscate. You'd have to mount an operation so huge and thorough as to rifle every American's underwear drawer to gather it...
That's just not going to happen. The easiest way for TPTB to shake some holders out of the tree would be to allow temporary spikes in price to lure 'em out.
They'd NEVER get the true believers, but they know that. A confiscation wouldn't have to be total to be effective. It would be enough to control most of the metal.

But they'll never let gold off the leash. They know they'd quickly lose control of it.

Sun, 12/07/2014 - 01:06 | 5525265 Seer
Seer's picture

I also don't believe that confiscation would be attempted, as it's too in-your-face.  TPTB are much more refined today, having learned lessons of the past.

When the Fed+Banks own everything then They, in partnership with Gov, set up the parameters as to what is deemed acceptable as means for trade.  You can lock out PMs by only insisting electronically-based transactions, you know, so "terrorist" activities can be monitored.  Any big transactions not traceable electronically will be condemned, classified as "terrorist" activities.  And, doing any trade with countries that are now accumulating gold, and will be inclined to accept trade with it, will be prohibited.  So, there, that's how TPTB (West) will seek to neutralize the power of gold/PMs.

Like any major fire-storm, the goal will be to weather the storm.  Bad system can only fail.

Sat, 12/06/2014 - 16:43 | 5524244 Pumpkin
Pumpkin's picture

Knowledge.  The internet.  Look up Title 18 section 7 and tell me if they have jurisdiction.  That is one word you will NEVER hear come out of a DC politician's mouth.  Jurisdiction.

Sat, 12/06/2014 - 17:15 | 5524268 tarabel
tarabel's picture

 

 

1) Stay in numismatics. Coin collections were exempt. If your coin collection just happens to be full of junk silver, well gee, that is all you can afford. Modern semi-numismatics are not likely to make the cut on that principle.

2) Buy local at coin stores and gun shows. Pay cash and leave no paper trail.

3) Gold coins were in circulation so they were simply withdrawn from circulation as soon as they made it to the bank. Don't let them get anywhere near a bank, including safe deposit boxes. The contents of some safe deposit boxes in failed 1930s banks literally never made it back to their actual owners. Some people were still trying to get their stuff back in the 1980s.

 

Don't lose sleep over confiscation. If it becomes a door-to-door operation, you have a lot of other things to worry about apart from wealth confiscation.

Sun, 12/07/2014 - 00:11 | 5525188 TheReplacement
TheReplacement's picture

.223, 545x39, 7.62, .338, .50...

There are lots of ways.

Sun, 12/07/2014 - 02:16 | 5525343 css1971
css1971's picture

Did you know that all 5.45x39 ammo has a steel core? It'll penetrate stuff that most other standard ammo won't. trees, cinderblocks etc.

Sun, 12/07/2014 - 11:27 | 5525719 gmak
gmak's picture

Don't put it in a bank safety deposit box .  Gold, what gold?  I can't afford gold.

Sat, 12/06/2014 - 23:14 | 5525089 Government need...
Government needs you to pay taxes's picture

I disagree.  You cant eat gold, it wont keep you warm at night, and it wont provide a shelter.  if the system blows up, a person wouldn't accept gold in exchange for his extra bread or meat.  Gold plus a great blowjob, maybe.  I think you need to be long land that you live on and grow stuff from. Basic stuff that people need and will exchange for other essentials.  Financial 'professionals' living in big cities may like to think a 100-ounce stack of gold in the little lockbox in their high-rise apartment will get them through a real financial crisis.  Just remember, jews thought they were safe once they arrived in the ghetto. . .   

Sun, 12/07/2014 - 00:03 | 5525173 Bemused Observer
Bemused Observer's picture

You can't really eat land either. Land is only of value to the individual who can hold and work it. Takes time, a lot of effort, and if things got REAL bad, your own neighbors would probably pick your garden clean, unless you started shooting them.

You need something easily tradeable. Like gold.

Sun, 12/07/2014 - 00:29 | 5525218 TheReplacement
Sun, 12/07/2014 - 01:47 | 5525305 Ward no. 6
Ward no. 6's picture

right, and then weather is unpredictable and your plants may not do well depending on the weather ....

one year i can get a lot of fruit  and vegtables; another barely anything...

all depends....

Sun, 12/07/2014 - 09:56 | 5525601 Government need...
Government needs you to pay taxes's picture

Guess you dont spend much time in the sticks.  Deer and edible varmint grow with zero human effort.  So do a number of wild edible plants.  All those disadvantages you mention work both ways.  If .gov wanted to confiscate your land, (1) they cant move it; and (2) they have to hold it.  This makes whomever they install on it vulnerable to a warparty looking to take a few scalps.  Back to land's advantages.  You can dig into it, and have a small concealed shelter in less than 24 hours of work.  This can be replicated in a different location as needed.  As far as gold's 'tradeability', when times get REALLY hard, it will not have value.  Only essential services will be tradeable for essential services.  Don't worry, though.  Blowjobs are essential, and dont forget to work the balls.  You go tramping around with 100 ounces of gold clanking in your coat, and you'll be easy to target.

Imagine the following clip, only YOU ARE THE FLY BEING CAUGHT IN THE WEB.  Zed and Maynard will be waiting.  Remember, work the balls.

https://www.youtube.com/watch?v=rYJFY-E_y-E

Sun, 12/07/2014 - 10:15 | 5525638 El Hosel
El Hosel's picture

Yeah, its different alright. This time everyone can see the corruption and fraud, way ahead of the crash. This time everyone saw it coming.

Sun, 12/07/2014 - 11:30 | 5525726 gmak
gmak's picture

Gold is a battery for pieces of paper that TPTB laughingly call money.  These pieces of paper are supposed to represent ones contribution to GDP ie we are what we make. 

 

The gold is a convenient way of keeping it ouside of the system.  If there is no organized system such as society then the gold may well be worthless for a long time. If any form of structure remains, by necessity people look for a medium to act in exchanges since it takes too long to run around looking for someone with carrots who wants to trade them for shoes.

 

If one could afford it, it is a hedge to forgo the pieces of paper and hold gold instead - remembering that this adds to the reduction in the velocity of money and is anti-inflationary. If one believes that inflation is better, by all means leverage that paper via credit (cards) and consume all of your future years now. 

Sun, 12/07/2014 - 00:11 | 5525189 Estrella
Estrella's picture

Okay, and I have seen this asked before, what I have never seen, is it answered.

What do you do with the gold and silver?

Typical scenario, things are ugly, realy ugly. Most likely though, Washington will still be calling the shots. It could be illegal to possess gold and silver, or a huge windfall profits tax, or maybe an exchange rate restriction. One way or another though, Washington will get its share and a bit more out of any PMs you have.

So, seriously, other then barter, or black market, what is the plan to exchange PMs for the things you will need, such as paying the Kings taxes, paying the county property tax, paying the State tax, etc.

Sun, 12/07/2014 - 01:20 | 5525277 Seer
Seer's picture

"What do you do with the gold and silver?"

You sit on it and shut up until the storm passes.

Washington will eventually collapse, just as ALL empires have and will continue to do.

"So, seriously, other then barter, or black market, what is the plan to exchange PMs for the things you will need, such as paying the Kings taxes, paying the county property tax, paying the State tax, etc."

If you have land then you pretty much have to make it work, don't you?  And, really, it ALL boils down to that, always has and always will be the case.  Use wealth to produce wealth.  If you cannot find a means to do that then you're going to have to sit on your stash.

Again, it's a storm that will pass.  How big will the storm be?  How long will it last?  Yeah, lots of money/wealth looking for answers to these questions!

Sun, 12/07/2014 - 17:27 | 5526503 zjxn06
zjxn06's picture

"You sit on it and shut up until the storm passes."

Bingo.

My mom was born in Lille France.  Lille was one of the first French cities to be invaded by Germany in WWII.

Mom's dad (my grandfather) had the foresight and/or luck to have accumulated a pile of gold coins prior to the invasion. 

Immediatley following the invasion, Germany debased the French franc by establishing an artificial exchange rate (see reference below). Those gold coins of my grandfather's protected a significant portion of his net worth though the war. Cash savings in the bank?  Not so much.

No wonder General and later President Charles De Gaulle wanted his gold back for the US in the 1960's.

http://www.globalresearch.ca/charles-de-gaulle-gold-and-us-dollar/5386855

Decades later, my grandfather would give gold coins to his grand children on special occasions.  I was a lucky recipent of more than one.  Before we could have the coin we had to sit down and listen to a short lecture on why paper money was so risky. 

Did not make much sense to me then as a 10 year old.  Makes a lot of sense now - am 57 years old.

Still have had some of those gold coins that my grandfather squirreled away in the 1920 and 30's...until that horrible and completely unpredictable boating accident a few years ago.  Too difficult to describe the loss.

~~~~~~~~~~~~~~~~~

Daily life

The life of the French during the German occupation was marked, from the beginning, by endemic shortages. They are explained by several factors:

  1. One of the conditions of the armistice was to pay the costs of the three-hundred-thousand strong occupying German army, which amounted to twenty million Reichmarks per day. The artificial exchange rate of the German currency against the French franc was consequently established as 1 RM to 20 FF.[12] This allowed German requisitions and purchases to be made into a form of organised plunder and resulted in endemic food shortages and malnutrition, particularly amongst children, the elderly, and the more vulnerable sections of French society such as the working urban class of the cities.[13]

http://en.wikipedia.org/wiki/German_military_administration_in_occupied_...

 

Sun, 12/07/2014 - 17:28 | 5526515 piratepiet
piratepiet's picture

"Immediatley following the invasion, Germany debased the French franc by establishing an artificial exchange rate"

Karma ?

Sun, 12/07/2014 - 11:38 | 5525737 HamFistedIdiot
HamFistedIdiot's picture

Some people say that "elites" intend to securitize the planet, bringing EVERYONE and EVERYTHING into the equity markets. We are moving toward an equity model for wealth. Apparently there are $100s of trillions worldwide remaining to pile into this. The internet and smart phones are facilitating this. The argument is that the debt bubble can grow 10x larger than it is presently because there is (and will continue to be) a much larger planetary platform to absorb this added liquidity. Bubbles may not burst for decades. This may be a new normal. The elites may be able to pull off making gold irrelevant. I, too, am a stacker. I don't have a plan B. Nor am I much diversified. I, personally, don't believe there should be financial instruments that gamble on every dimension of the planet. I don't believe in the casino-ization of Life, but that is what we have. I believe in employee owned companies (wasn't UPS that way once?) that profit share. Morally, people should have skin in the game. I am against hot capital. There is a new way of approaching wealth accumulation and I simply don't want any part of it. So I withdraw my feeble assets and sit on PMs, or plow into a business venture that I partly own and work for. I am confused. I am not a financial expert. Our leaders are lying to us. I don't trust anything that I can't lay my hands on. But the elites want everything digital and malleable, where history can be rewritten with a simple keystroke. Jack Burton and others say this will blow up. But maybe it won't. Unemployment, war, famine, pestilence, and billion-person-killing pandemics are highly deflationary. While ZH contributors can go on and on regarding how the fundamentals and 5000 year history lead to a rosy future for PMs (and reality in general), can't the elites just change the divisor in our equation, that we had taken to be a fundamental, and find a solution to the problem that we had thought impossible? Didn't these elites (Gates, Rockefeller, Branson, Turner, Rothschild, etc.) meet up 5 years ago and decide they need to take God-like actions to deal with population? Sorry about the negative rant here. But I don't have a lot of hope here, or at least not on the limited time line that applies to my own life.

Sun, 12/07/2014 - 11:47 | 5525756 FredFlintstone
FredFlintstone's picture

I had a client that was a long time UPS employee. I heard he bought and bought and bought stock and then when it was almost certain that they were going to go public, he mortgaged everything and leveraged himself to the hilt to buy more. The story is that he was worth $25M on the big day some 12 to 15 years or so ago. He was probably wasn't making $100k back then.

Sat, 12/06/2014 - 15:10 | 5524076 himaroid
himaroid's picture

All but ZHer's standing around a big pile of digital nothing, crying.

Sat, 12/06/2014 - 15:12 | 5524081 Truther
Truther's picture

Let it crash already..... I'm running out of popcorn....Fucking burn it and let all those mother f**king bankster bitches burn with it.

Sat, 12/06/2014 - 18:27 | 5524431 q99x2
q99x2's picture

I'm waiting to find out if Greece is going to default.

Sat, 12/06/2014 - 15:17 | 5524098 CHX
CHX's picture

all the trillions printed are sure sign that we are indeed crashing

Sat, 12/06/2014 - 15:21 | 5524106 kchrisc
kchrisc's picture

"This Time" will be different, as it will be over.

Got guillotines?!

An American, not US subject.

Sat, 12/06/2014 - 15:24 | 5524108 noben
noben's picture

Just wondering... What's to stop TPTB (Fed and IMF) to kick the Yen out of the SDR when the Yen is about to go hyper inflationary (and endanger the rest of the SDR Club), and replace it with... China's CNY?

That would solve several problems, including BRIC's bid for independence.  Knowing the Chinese, they just might go for it, if they get the assurance the West will drive Russia and its resources into its arms.  Crazy or just totally devious?

Sat, 12/06/2014 - 15:25 | 5524123 economists_do_i...
economists_do_it_with_models's picture

The last time stocks, the US$, and 30yr Treasuries were all performing so well at the *same* time was the dot com crash. That was a time of great prosperity and growth. Not the case this time. They lowered interest rates to soften the decline -- not possible this time (already at 0%). Far more debt this time. Oil was tremendously cheap then ($25) vs $65 now ($100 just a short while ago). The conditions are in place for one of the worst financial disasters in history.

Sat, 12/06/2014 - 15:29 | 5524135 El Vaquero
El Vaquero's picture

The dot com crash marks about the same time that the employment:population ratio peaked and started its long arduous decline.  We started our state of collapse 14 or 15 years ago by that metric. 

Sat, 12/06/2014 - 15:42 | 5524157 infinity8
infinity8's picture

I, for one, am tired of the smell of burnt toast.

Sun, 12/07/2014 - 01:25 | 5525281 Seer
Seer's picture

"We started our state of collapse 14 or 15 years ago by that metric."

That was just the arc of the last big dead-cat bounce.  One could argue that the true metric top was 1971.

Sun, 12/07/2014 - 12:31 | 5525848 El Vaquero
El Vaquero's picture

Yes, one could.  The early 70s were certainly a inflection point.  That's when debt really began to take off and women started to enter the workforce because they needed to to maintain the standard of living, even with the rising debt. OTOH, the reversal of the trend of ever increasing employment marks the beginning of a decreasing standard of living. 

Sat, 12/06/2014 - 18:44 | 5524465 loub215
loub215's picture

and that's why it IS different this time. Instead of the gentle orderly decline of the .com bust, we will implode in a very short time. It will make the "portfolio Insurance" crash of 1987 look like a minor correction...

Sat, 12/06/2014 - 19:25 | 5524554 andrewp111
andrewp111's picture

But if Barron's is predicting a crash, you know they are early. Way way early. It will double or triple before it crashes. And when it does crash, it will go down so fucking fast that no one will get out, and the exchanges will default on the S&P Puts.

I could see the S&P go to 6000 with all the foreign flight capital flooding in, and then crash to less than 600 in a single day or weekend. The exchanges default on the puts, and no one gets out. The market simply closes at 6000 one day, and the next time it opens, it is halted, and then eventually opens at 600 when the dust settles.

Sat, 12/06/2014 - 15:31 | 5524136 ebworthen
ebworthen's picture

The mere fact they are saying "this time its different" means it isn't.

Sat, 12/06/2014 - 15:31 | 5524138 Rubbish
Rubbish's picture

Moar Cowbell

 

http://vimeo.com/91715361

Sat, 12/06/2014 - 15:53 | 5524174 SickDollar
SickDollar's picture

yes it will be different it's called WWIII and it is not a joke

Sat, 12/06/2014 - 15:57 | 5524180 falak pema
falak pema's picture

There is a misprint in this title :

It should read : CASH ?  This time its different.

Our apologies to all readers of Barron's  (and ZH)! 

Sat, 12/06/2014 - 16:04 | 5524189 hairball48
hairball48's picture

Twitter is overvalued? NOOOOO!! Tell me it ain't so!

/sarc

Sat, 12/06/2014 - 16:26 | 5524211 divedivedive
divedivedive's picture

I am not an economist but I thought the 'goal' of most developed nations/economies was to keep your currency valued (relatively) low to promote exports etc. What's currently going on with the dollar is going to kill the US large exporters, right ? The currency hit will be offset by the low cost of fuel for production ? Also - I must have been pre-occupied - I missed where the world went from energy starved to glut. Is it really that fragile a balance ? Is it maybe just a matter of replenishing oil reserves on the cheap ? Encourage holiday spending ? Who is really calling all the shots (Jack Lew, JP Morgan, Goldman) ?

Sat, 12/06/2014 - 18:20 | 5524406 insanelysane
insanelysane's picture

What exporters???  We only import cheap chinese shit and expensive automobiles.  Those giant cargo ships just carry empty containers going the other way.

Sat, 12/06/2014 - 20:42 | 5524790 upWising
upWising's picture

The containers do NOT go back empty.  They get stuffed with "recyclables" of all manner: paper, plastic, electronics, metal, etc.  I fail to see how a load of smashed plastic High-Fructose-Syrup-Artificially-Coloured-And-Flavoured-Sports-Drink bottles would do much as ballast but we don't have newspapers to speak of anymore.  How about a load of unsellable books by Hillary?  Now THAT would be ballast!

Sun, 12/07/2014 - 12:54 | 5525898 lakecity55
lakecity55's picture

I used to work for a company servicing towers- comm towers- we always had extra metals to take to the scrap yard for extra bucks.

The owner was talking to me and my partner one day. Almost all the  scrap was going down to the nearby docks and going to the PRC.

It goes on boats with a huge hold, not in the container ships. There is a port facility near the container facilities here that loads and unloads bulk. That terminal always had a Celestial ship tied up and loading up.

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