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Citi Warns Of "Dancing", "Music" And "Complicated Things" For The Second Time
“When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing.”
- Citigroup CEO Chuck Prince, July 9, 2007
Several months later the liquidity "music" ends, Bear Stearns fails, Lehman bankruptcy follows and entire financial system nearly collapses.
...
Fast forward to:
"Truth be told, we almost hope those forecasts are proven wrong. They imply a widening gap between valuations and traditional fundamental relationships. They imply a dearth of yields and spreads that will almost invariably push more and more investors into positions they would ultimately rather not take. But if the old adage that markets move in the direction that causes the most pain to the largest number of people is anything to go by, then we suspect that this is what will happen. Depressingly, our instinct is that those new forecasts are more likely too conservative than too aggressive. Longer-term, sweet dreams really aren't made of this."
- Citigroup Strategist Hans Lorenzen, February 20, 2015
Several months later, will it be different this time?
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Words of a Prince not a King.
I trust this guy with my life
Just dance close to the door...
boy oh boy this article gave me soooooooooooo
much new knowledge. i'm enlightened...
lets see the coyote is looking out for the hens.
fucken-eh...
Everyone thinks they're close to the door, 99% find out they weren't close enough.
Wait...What? There's a door?
No one gets out alive
In this case the door opens in.
What a Fag!
Boring.....Where's the coverage on the West Coast Ports blockade? Other than one article considting of distant airborne photos of ships at anchor there hasn't been a sniff. It's the most obvious act of war against the U.S. by China and yet nothing is being reported. Come on....
Would things be much different if aliens took over the world in 1971 and have been running things since then? No inflation yet penthouses go for over $100 million. The World Trade Center is destroyed and there is only a whitewash investigation. Out of nowhere comes ISIS and it takes over a big chunk of Iraq almost overnight. Barack Obama has no verifiable social security number, a hidden college record and looks to be a creation of the the dark core of the CIA, a legend. Autism rates 100 times higher than 30 year ago and silence form the medical commissars at the CDC. Maybe the urban myth that lizard people run the world has some basis in fact.
Supreme Commander Ana says "hello"!
So citishit admits they can't continue to make millions just rubbing two nichels together.
IF i could print money and spent on everything and buy everything I'd dance too. But for the other 99.9% we have to actually work to keep the lights on.
Global citishitty and their cartel of other asshats can call anything they want. Are they warning us for years. Maybe they should heed their own warning and have at it with a nail gun.
He who bails first. . . laughs all the way down.
It doesn't matter who exits first when you're at 30,000 feet.
Maybe they should bring back good ole Bob Rubin.
hans is a nobody
It's going the other way people. Those who've run the financial asset ponzi know they've lost control. Cash, gold, short duration treasuries and long domestic producers. The inevitable currency adjust will happen through gold.
I'll know its really bad when "Generic" foods are back on the store shelves... I ate a lot of that shit from white and black cans when my Dad was unemployed during the Carter recession.
Dude, they were blue and white.
~Sweet dreams are made of this,
who am I to disagree,
I travel the world and the seven seas
everybody is looking for something~
actually, the lyrics of the whole song seems it can be applied to the current market.
It's actually more like Russian roulette than musical chairs. . .
Yeeeaah!
When the music's over ...
When the music's over, yeah, ...
When the music's over, turn out the lights!
https://www.youtube.com/watch?v=B61ZUu48-58
yet another musical reply
Banging the copper pot in time to the music -
It was been really fun watching Dr. Copper get one malady (sickness) after another. Right now the Doktor is waving in the wind :
By Bulkowski it appears that the copper chart matches a flag on a flagpole - only on the way down:
http://thepatternsite.com/flags.html
The P&F pattern has a target of 1 (!!) -
http://goo.gl/juZrvI
That is a cool 60% off the current price of 2.6. Could take a while to get down there since the last big move down was in 2009... Yep make sure that nobody has put any chains on that door so you can slip out quickly in this new Year of the Sheeple.
No mention of chairs. Wtf
No mention of chairs. Wtf