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"We Have Front-Row Seats To An Imminent Market Shock", Hedge Fund Billionaire Warns
Having previously noted that "this is the best shorting opportunity since 2007-9," Billionaire hedge fund manager Cripsin Odey warns that (just as Goldman has noted) the global economy is h"eaded for recession and central banks will not be able to able to come to the rescue because they have exhausted the arsenal of policy weapons." No matter what happens, he chides, the market shrugs it off as they are "kind of relying on central banks pulling a rabbit out of a hat." They will not, "Central banks are not all singing and all dancing," and cannot avoid the consequences of what they are doing, concluding, "you and I have got grandstand seats here [to an imminent market shock]," and investors are about to "find out just how illiquid it really is out there."
One of the world's leading hedge fund managers has warned that global economies are headed for recession and central banks will not be able to able to come to the rescue because they have exhausted the arsenal of policy weapons. As The Sydney Morning Herald reports,
Mr Odey is best known for his big macroeconomic calls, including foreseeing the 2008 global credit crisis; piling into insurers in the wake of September 2001 attacks; and picking the recent oil price rout. He famously paid himself £28 million in 2008 after shorting credit crisis casualties, including British lender Bradford & Bingley. Mr Odey's fund returned 54.8 per cent that year.
"The market's reaction to all of this is leave it to the professionals, leave it to those great guys, the central bankers, because they saved the day in 2009," he said. "These guys are kind of relying on central banks pulling a rabbit out of a hat."
The risk is that this time, monetary policy may be ineffective: "We need the crisis to reformulate policy. Central banks are not all singing and all dancing, they cannot basically avoid the natural consequences of what we are doing."
An inadequate supply-side response to the plunge in commodity prices as the resources industry declines to reduce production was in effect stimulating supply into falling demand.
"The trouble is today the players, whether they are the miners or the oil companies or the Saudis or anybody else, they are not doing the right things. This is the first time in my career where economics 101 doesn't work at all."
But it was also true that the world has not had a major recession for 25 years and thanks to frequent interventions, "there is a sensation we don't have a business cycle". Stocks are enjoying a six-year bull market but he also hinted at liquidity issues bubbling under the surface.
"I just think that you and I have got grandstand seats here [to an imminent market shock] and my point is having found myself in the second quarter of last year selling a lot of equities and starting to go short, I found out just how illiquid it all was. You never actually see it until people try and get out of these things."
It was unclear to Mr Odey what central banks could do to prevent a crash.
"I find it intriguing that we are so dependent on these central banks who are expected to do great things and yet what can they do? They start with interest rates pretty well at zero."
He believes the US Federal Reserve will be motivated to begin the tightening cycle.
"You're going to be very tempted to raise interest rates simply because you want to normalise," he said. "There is a sense in which these guys are longing to try and stop some of this activity taking place as well as getting the situation back to some kind of normalcy.
"My view is hey look, if they do raise interest rates, I don't even need it to happen but I do think that will put a bit of pressure on the sharemarket as well... Everything points to it being a bubble. You can never know the height of a bubble but by the time it gets to here you haven't got much time."
Mr Odey's fund in Australia is called Odey International Fund (OIF) and employs the same investment strategy as his flagship global long/short hedge fund, which has a 22-year track record and has returned approximately 14 per cent per annum net of all fees. OIF has returned 22.9 per cent since inception on July 29, 2014.
Odey Asset Management is identifying short opportunities amid the fervour of the six-year rally and huge currency fluctuations are factoring in to the fund's positions.
"For me, what I find very interesting is given the risk of recession, how is it the West stockmarket can be hitting all-time highs? History tends to be not very generous in this regard. If you get a recession in a low inflation environment it tends to impact the ratings of stocks dramatically."
It was akin to "watching the markets take drunken bow after drunken bow".
"It's amazing that nobody else is on the same page."
* * *
As he previously concluded, we are in the first stage of this downturn. It is too early to see what will happen – a change of this magnitude means the darkness and mist is very great. We will make some mistakes but with our thinking we won’t make the major mistakes. The problem is where you stand – I am amazed to see so many are fully invested given that equities are already fighting the downtrend.
So, where am I placing my money?
- Firstly, I think equity markets will get devastated. Unannounced business cycles ensured Japan’s stock market rating fell by two thirds over 20 years.
- Equities are priced for perfection, pushed up by SWF and high yield investors looking for higher yields and better covenants than high yield bonds.
- Commodity-related sectors look unappealing and dangerous.
- International consumer companies look overexposed to EMs.
- Fund management companies look overexposed to the wrong assets, especially EMs.
- Volatility is rising. Not every trade will work.
- Australia is still to see rates down to 0.5% at the short end, 1.5% at the long end, down from 2.5% currently.
- Currency trading is still to make the money. It made money last year as it was where the ‘tyres hit the road’ – equities are just the residual.
- Equity markets will struggle to understand the quarterly translation and transaction effects of these currency moves on corporate profits, starting with Q1 2015.
We have seen though some strange things, with economics 101 turned on its head. We’ve seen that falling prices produce more supply, as the biggest producers see that they can take market share and use the opportunity by reducing average costs through excess production. We’ve seen that in the oil, minerals and iron ore industries. We have also seen in the last couple of years that as bond yields fall, governments are able to issue more debt.
But this time round the problem we have as well is that politics will start to rear its head and we are left to deal with politicians who are increasingly critical of the capitalist system’s ability to allocate capital and provide for society.
For me the shorting opportunity looks as great as it was in 07/09.
* * *
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whatever
Illiquid? Then it must be time to lube up!
Ohhh... the markets are going to crash... oooohhh... I've been hearing about this since 2010 and lost a shit ton of money betting with these grandstanders. BUY AAPL - it doesn't matter if it doesn't work, it's the TICKER SYMBOL that counts.
And by the way, how many billions of percent were the stock markets up in Weimar Germany, and Zimbabwe? Oh yeah, probablly the next order of magnitgude above a trillion.
"In a surprise announcement today, the Fed unveiled the continuation of the recently paused QE3 asset purchase program"
Dow rallies 900 points in 2 sessions, 10 year goes to 1.45% and all this doomsaying shit is tossed out like yesterday's fish.
Coming soon.
Wow! Guess I can go to the butterfly emoticon show.
Crispin and his private school pals will be okay right, right.. I am so worried about the Billionaires boys club, attained completely through merit I am sure. Inheritance is one thing the silver spoon up the ass from birth is another.. Setting us up for another short dumping as qe comes back in unannounced through Belgium, Belgian Congo that is..
But you can't use the "I feel fat" emoticon aparently.
It seems Facebook took it down as an emoticon because people petitioned for it to be removed.
I am not on Facebook but do find myself amazed at what the "issues" are.
http://www.theverge.com/2015/3/11/8189565/facebook-removes-feeling-fat-e...
This is fascinating. So, twenty years ago when I was 210lbs and busting out of a size 18, what was I feeling? I thought I was feeling fat. In fact, I really was mortified by that feeling which was one of the inducements to lose the weight ( besides having asthma so bad I could barely breathe making it even more imperative). I thought my feelings were confirmed by physical fact.
This whole concept is bizarre to me. Are we trying to eliminate shame or judgement? Why not just fix a problem without piling a bunch of useless emotions on it? And, if you choose not to, just pay for 2 airplane seats and fucking quit moaning about it. Common sense today seems anything but common.
Miffed
Oh FFS!
"Imminent Market Shock" = 2008 style AssRape for 401K suckers.
does that mean I shouldn't have taken out a second mortgage today and bought the dip
Happy John Titor N-Day!!! :-D
no, you're fine kliguy.
this markit™ will never drop for I will never buy it...
It means you were wrong to not also take out a loan on the 1987 Dodge Caravan and use that money too.
From the article:
This is the first time in my career where economics 101 doesn't work at all.
Give the man a fucking cigar!
Since when has economics had anything to do with the White Shoe Russian Mafia running and chairing the board at the Primary "money changers"? Kindergarden Home Ec wouldn't work either, much less the absurd assumption that some chapter in Economics 101 is gonna fix dis shit. In order to repair an economic system, the underlying basis has to be something that almost resembles an economic system. What we are dealing with is wholesale looting of out national treasure, extortion and fraud - only jail time fixes that shit, or, based on de way dis be going, seared on the spit bankster tenders cooked to lip smaking perfect in the embers of a newlly hatched Phoenix.
From the article:
Central banks are not all singing and all dancing
No fucking shit Sherlock. That comes later where the stones ooze green snot and the flies buzz in the dungeon of despair. What'd ya think, Boys and girl? it looks like we got another "master of the obvious" tapping out frenzied "Hail Mary" penance verse like one who has faith that the wolf with thelong nassity sharp fangs `bout to incise their throat will show mercy after "amen" closes a most desperate prayer.
Give the man another fucking cigar, it's pretty hard to sing and dance when every wall street wanna be pimp with enough meat to shunt down the intake chutes of the Soylent Green factory be scrambling down the ladder to the fallout shelter.
Where is Kyle Bass these days?
Jerking off to Navy Seals shooting shit at his ranch
Dudn't get better than that.
Damn miffed, I knew, deep down, there was some reason I liked you.... my friends call me triple L...its for LLL.
Lover of Large Ladies
But in reality, I just like the chicks that are genuine, funny, and have a good attitude...and most of them are bigger girls.
You have got to be one of those assholes who spam email accounts with titles like Hey Sexy.
It was WhackoWarner.
Bingo! Fed raises rates and stocks tank or stocks just tank on their own..don't expect the Fed to just stand there. they will say something, anything, to try to stop the carnage. More QE? Why not. Stocks will pull out of the dive and bonds and US$ (likely rallying during equity implosion) will crater.
But eventually the Fed will talk and the markets won't care anymore. Who knows when that will be and who will still be trading at that point.
"find out just how illiquid it really is out there."
That is the problem of Private money. It will only get worse.
http://sovereignmoney.eu/
"When you're born you get a ticket to the freak show. When you're born in America, you get a front row seat" — George Carlin
the players that touch the newly created money play risk free. that money has a corresponding interest rate of near zero. stop right there and go no further. that is the problem.
first touch of money reaps billions, primary dealers-banks and cartel operators.
no return for next tier, savers. ironic as it should be the opposite.
after that ,risk rises, but NOT at risk equel to reward, as is about to play out.
yea, short it, and stay the course. everybody(EXCEPT THE SIDELINERS) is out of options as hedgie obviously states in his regergetation of doomsayer speak. duh. thanks a billion, ha...
What a douche.
banks just announced 500 billion in buybacks tonight including div increases
Where does Tyler find these nincomputes
It's all Bullshit!!! QE 6 or 7 will have the Fed printing money out of thin air and buying stocks directly. What liquidity problem?
this market will never collapse when 'self help' can be declared at whim followed by plunge protection team bids before reopening
So you're saying I should get a car loan tomorrow and buy stawks?
Maybe put down a couple mortgages on the house too?
I'd be an idiot not to do that!
no because at some point they will pull the rug themselves for the reset.
Geddit? The market isnt allowed to crater the market, only the illuminati choose when
Exactly.
You guys are entirely missing the point of the markets. It is design to be a medium of exchange for real assets via boom and bust bubbles. If they didnt want crashed as you say then in 2007/08 they could have bailed out the banks prior to the carnage amongs other things. They have created the bubble and now it is time to bust it so they can, once again, purchase real assets pennies on the dollar.
Exactly! They love cheap assets of any kind. Love is the wrong word, they crave them in their greed. Its obvious what is going to happen. Fed can't stop them. Never have and never will.
Yeah but they kind of like controlled explosions as atomic bombs are no fun. We'll see how they do as we're in a multiple bubble environment.
You lost a lot of money? Hell I knew it was time to abandon the market ship when the Fed stepped in to support the banks....the only way to win is to not play.
The more of something you make the more valuble it gets.... the higher the P/E ratio the more you should buy, the more debt you buy the lower the interest rates you have to pay....
the banks cannot lose - I wish in 2008 rather than waking up and trying to wake other people up, I would have moved to NY and taken a job on Wall Street writing code for HFT, shorting metals and buying the S&P.... I'd be driving a Lambo, screwing the little guy and laughing over my MCcallen 30 neat.... what a sucker I've been --- is it too late??? Anyone hiring on wall street????
Sir, you clearly have a flaw in your character!
suffering from Cypher syndrome?
https://www.youtube.com/watch?v=oRRpCZgDUOs
Shorting this market is for billionaires not for those with a mortgage. It is amazing how old sayings keep getting validated, like how many baskets you should keep your eggs in. When drunk secret service agents crash into the whitehouse security gate after a night of partying you know we're off the rails. Time to keep your head down .
It's hard on them to be right fucking there and not haul off in disgust at what they are witnessing, and do something salutory for our fallen Republic. Instead they are charged with taking bullets for its murderer. Thats's driving them to drink. The dissonnance.
Algos are gonna run him up before they fulfill his dream...short away!
Hugh Hendry used to work for this clown [which is where he learned the fine art of CLOWNsmanship]...
Beat me to it..
Any day now...lol sure. I'll be dissmissing this guys bullshit along with most other zhedge articles on the imminent collapse
What bullshit, oh you mean the bullshit between your ear ?
You don't hear the one that gets you
The stock market will be saved at all cost because Central banks can and will print money to prop
them up like Japan has been doing. The same thing goes for the Bond market. But central banks can't print gold and silver
and that is the place to be when this bitch comes tumbling down.
They can print to keep a lid on the price though. When you have the ability to print infinite amounts of money (or create digital dollars with a few keystrokes) you can control the price of those commodities in terms of $$dollars. You just own't be able to find gold or silver in physical form at those prices however.
and that is the place to be when this bitch comes tumbling down........or ramped back up - whichever the case may be.
SOOOO... When does it Happen? i mean Greenspan says we're Fucked too...
You trust Greenspam? He's in on the charade. They're just drawing in more shorts for the shearing. How many times to they need to ram people in the ass before people learn not to drop the soap? Same shit. If they've proven anything over the past few years it is that they will do whatever they have to do to keep the market up and rates down. All else is BS. The market will give us a few more down days, fear will be at a max level, and all of a sudden, they'll jawbone something to make people believe they are not raising rates soon and boom, up she goes.
The scary thing to me is, we are all starting to sound like RobotTrader around here--stocks to da moon... Thats when the shit "might" hit the fan. But what do I know.
And so far, he's been right. Completely right. About everything he said. Every. Single. Thing.
I didn't realize he made market predictions. Was it hidden somewhere on the woman's thong?
How about this prediction:
By David Pierre, at Zero Hedge:
In 1984 while attending the Wharton School, I attended a workshop with a very young Jeremy Seigel where he taught us all that "Stocks for the Long Term" was a mantra we should all carry forward until infinity. Ten years later we were touring the Fidelity Investments Boston office when the head of their "quant" department remarked that "Stocks are a buy until at least 2015 when, based upon the aging of the Boomers, that demographic would morph from "buyers" to "sellers."
http://www.zerohedge.com/article/second-hindenburg-omen-confirmation-many-days-third-ho-event-one-week#comment-533741
Now you only have to check if Jim Quinn ever wrote the same, as then DavidPierre will be forever categorically denying any such belief!
But thanks for the link, I couldn't even remember DP writing reasonable posts here.
And before even reading his 2010 post, I already wanted to point out that you might be mixing up the stock market with the housing market, as the latter gets much more hit when lots of boomers try to sell.
Robotrader and his mom, sort of forgot about them, I need a new hobby...
Exactly, seems like the ZH commentators have fully capitulated.
So its really , really different this time ?
Bunch of schmucks about to get sheared.
Crispin will have the last laugh, along with a whole bunch of billionaires that have already got out.
zh'ers going all in?
maybe this is the "shoeshine boy/taxi driver" moment.
Exactly, plus the insiders can make lot more money shorting this bitch. Plus no amount of printing will save the economy. I personally beleive the market will tank a bit, then QE4 will be announced, the markets will rally a bit and then the carnage will start.
Winston - All those Jefferson and Mises quotes posted here about central banking boom/bust model but many will never learn.
First by inflation, then by deflation!
Odey is correct we have entered the deflation stage of the bust with the hurricane winds now flowing the other direction.
If you have found a way to be prudent, educated yourself and saved (not easy these last few years) you soon be grabbing a lot of steeply discounted homes, cars and other toys.
My business will be affected, most will be and its going to hurt but I lool forward to a return of a more virtuous business cycle. I will never let bankers steal my time again. Of course, they are all coming out now for CYA tours of truthiness. "See, I really meant to help you all along!"
They will fade in the background for a few years here as there isnt much left to scalp in America, but we'll be seeing the 'go off PM standard' game in China in about 40 years. I'll leave a manual for my son with indicators telling him when to lever on up and why and when to purchase hard income producing assets and why.
SIK, dang right they are not brave enough to steal pensions outright they will just sucker them into the market and strip em...
Greenspan was telling a private CFR convention that gold would go up, and they edited it out of the video and transcript before being called out.
I don't trust everything the guy says, but face it, the markets, the economies, and the currencies are all in bizarro land, and this will correct. The only question is the timing. If you're trading on a daily or weekly basis, then yeah, ignore everything said by pretty much anyone -- but can you seriously doubt that sometime in the next 5 years we see an epic, face-ripping plunge that exceeds the worst of '08, or we go in the other direction due to outright hyperinflation where we see the S&P at 50,000 and gas is $250 a gallon?
+10.
Just because an asshole is a billionaire doesn't mean he knows shit about capital markets anymore than craner does.
These assholes come out of the woodwork to opine like any of us give a flying fuck.
If I was to see any of these assfucks on the street I would keep walking for I would not give a shit. "Oh, he's a billionaire". Good bitch , then fuck him for what it's worth. HOw many people has he fucked for a billion? ANd who does he owe for it?
I thought so.
Jealous much?
Hey assholes..all of you. I got a big fat Kassandra prediction for ya. (Ok..I am self named Kassandra 4 years and 21 weeks ago, because like the Cassandra of old, I am doomed.. no one fucking LISTENS to me) N. Korea..or someone else nearer and dearer to our hearts is gonna fire off a big fucking nuclear nasty very, very soon. Before the 21st. Get OUT OF THE MARKET AND FUCKING PROTECT YOURSELF.
It isn't the capitalist system sweetie. Managed markets. Give me raw revision to mean over these yahoos picking winners and losers any dad gum day.
"central banks will not be able to able to come to the rescue because they have exhausted the arsenal of policy weapons."
What, the central banks have run out of ink? Or did they run out of ones and zeros?
'Ink' is so...antiquated. They fuck with lasers nowadays.
Printing limited by the speed of light
It's all reached the realm of make believe anyways. Is he saying bankers don't have good imaginations?
I'd say "Are You Dense?
But nobody would get it...
(22.59!)
The question is whether or not people could afford the popcorn.
It's going to do something, that's for sure. I think what will happen will be the most irrational choice -- and that could be explosively up, annoyingly flat, or precipitously down. And how the hell did this guy survive 5th grade with a name like Crispy?
Private school buggered once a year...
There are way more claims on wealth than real wealth to be had. There will be a point where people try to cash in their claims and find that they're out of luck. Be the first to cash in your claims.
How this translates into stock market valuation will depend, but the value of the claims will have to be destroyed. This will happen in the way that destroys the most value, wherever value is th emost concentrated.
I could do that, cash out first and get eaten alive by inflation or even small debts can crush in severe deflation.
Worth repeating Harry Browne's 1st law of investment advice:
"The investment advisor with the perfect record will fail as soon as you start acting on his recommendations"
That reminds me, whatever happened to Marc Faber?
Sitting on a pile of gold with some teen girls in bangkok.
If/when the stawk market bubble pops and millions get hosed there will probably be some sort of bailout like everything else. Will everyone bash away like on the student debt bubblers that they should have known better?
"The good news, folks, is that we have been planning for this for a few years. We have a system in place to automatically begin building your savings back. And this time you won't have to worry about losing one single penny. Let me repeat that. The days of terrifying losses on the stock market are over. Americans will begin a new chapter of immense prosperity. Our savings will grow and we will recover. The best part of this new program is you do not have to do a single thing; no forms to sign, no complicated prospective to review, no shady middle man to take a big bite out of your savings. Your savings will happen automatically between the treasusy and your employer. All the complicated decisions will be taken care of for you.
As a bonus- I have authorized, via my pen, that all 'Mericans will begin this new system with $500 in their account to get you started for the day you choose to retire."
-O
he is wrong...we are in the 4th stage of the downturn! They are Denial 2008, Anger 2010, Bargaining 2013, Depression 2015, Acceptance 2017
In Kubler-Ross' model there is a stage they don't label, but it is implied...
Death
Seems to resolve the other stages.
i thought it was the keebler elf model.
Great book she did. "On Death and Dying". Milestone book. I read it in the '70's .
And yes, that was the assumed result.
Tue, 03/10/2015 - 15:40 | 5874567 Kirk2NCC1701
Greeks are getting there, looking at the Investor Sentiment Cycle**
They're still in Denial & Fear, IMO. Next is Desperation & Panic, before they either act and kick ass (riot, hang people), or Capitulate and become totally Despondent.
The following chart applies to many of us here on ZH: http://www.clinical-depression.co.uk/cycle-of-depression-diagram/
(FYI... Obesity and Chronic Insomnia are inter-related in a vicious circle: one leads to the other and vice versa. Look into if, if it applied to you, as it leads to a host of other health issues)
** http://www.kirkreport.com/2010/09/16/the-investor-sentiment-cycle/ (different 'Kirk')
This poor guy is getting crushed by the worldwide tsunami of paper money. I feel sorry for him.
THX sound! Pass me the popcorn. I'm stoked!
No problem.
This time around the central banks will just add 6 zeros to everyones bank account.
We're all going to be rich I tell ya'.
And 7 zeros to the price of everything. Ooops.
They can't add zeroes to your mortgage balance, so bring it, I'd love to pay that back with cheaper dollars.
Fuck you , you fucking Fuck Fuck. All of these pricks come out when it doesn't matter anymore. We all gotta go sometime. Better a nail gun than being a taint sucking whore. Fuck!
RIPS YIN CODE
Any other anagram offers?
What IS with ALL these Billioniare warnings lately? Hmmmm, either something is up OR its just more cattle herding, Since when do Billionaires give a fuck about J6P? Confused....
It's not about J6P, it's about their egos. They all want to be able to say they called it when the world implodes. Look at the lede of the story, bragging about every correct call he made before.
Seek > while a logical point it's flawed. If all the moron millions are dead or dead broke what good is it saying 'you called it'. When the only ones left standing are billionaires and they don't care who called it, they already knew it they pulled the plug
Things are much different then they were back in 08. The central banks didn't control 100% of the markets like they do now.
Randy Newman - Rider in the Rain
https://www.youtube.com/watch?v=J5SuDN58OsA
.
"Rider In The Rain"
Got a gun in my holsterGot a horse between my knees
And I'm goin' to Arizona
Pardon me, boys, if you please
I have been a desperado
Raped and pillaged 'cross the plain
Now, I'm goin' to Arizona
Just a Rider In The Rain
He's a Rider In The Rain
He's a Rider In The Rain
And I'm goin' to Arizona
He's a Rider In The Rain
Oh, my mother's in St. Louis
And my bride's in Tennessee
So, I'm goin' to Arizona
With a banjo on my knee
He's a Rider In The Rain
He's a Rider In The Rain
And I'm goin' to Arizona
He's a Rider In The Rain
Used to work in Uncle's feed store
While he was fightin' in the war
Now I'm goin' to Arizona
Ain't gonna work for him no more
I'm the son of the prairie
And the wind that sweeps the plain
So, I'm goin' to Arizona
Just a Rider In The Rain
I'm a Rider In The Rain
I'm a Rider In The Rain
And he's goin' to Arizona
Just a Rider In The Rain
He's a Rider In The Rain
He's a Rider In The Rain
And I'm goin' to Arizona
Just a Rider In The Rain
Looks like the Biebs showed up to downvote you. Love this song, but given the climate we're in "Political Science" might be appropriate:
Boom goes London
Boom, Paree
More room for you
And more room for me
https://www.youtube.com/watch?v=Du3WhHrrNgs
https://www.youtube.com/watch?v=vuoJV7Z5Lho
.
the recorded version with all the
verse. if i may comment, so beautiful.
Randy Newman,Linda Ronstadt & Ry Cooder "Rider In The Rain"
https://www.youtube.com/watch?v=ipmXGsJskYI
.
you are welcome.
https://www.youtube.com/watch?v=sX6I2NrguAs
https://www.youtube.com/watch?v=C0TvfqmWf4M
https://www.youtube.com/watch?v=I-34xJCI7MY
Not one of Randy's better songs..IMO..he wrote this for the Eagles backing, probably for commercial reasons, and was writing to their vibe. The rest of the album, Little Criminals, was better, and Newmanesque, not generic So Cal country rock like this.
1929 - millionaires jumping from Wall St windows.
2016 - billionaires jumping from Wall St windows.
SSDD and still entertainment for the masses. I'd pay good money to be a doorman on Wall St when it starts.
Two issues to consider here:
1. If they were billionaires, they would not be jumping. Un-billionaires?
2. Do you really want to play "dodge-unbillionare?"
I do not always think things thru as thoroughly as I should. Note to self... Look up. Often.
Tough crowd here and I almost hesitate to correct you but, it is very notPC (doubleplusungood) to say Un-billionaires. Billionaires are very offended by this term. They prefer nouveau pauvre. /s
Nouveau pauvre! Mah-velous Dahling! Simply Mah-velous.
Yah right. And Janet Yellen is pregnant.
I heard she beat the shit out of Harry Reid after he refused to pull out
Shiiiiiet. You know she'd peg him, not the other way around. Can't you tell a pussy when you see one?
It was imminent 6 years ago and every day since. How long is peice of string? How many dips has this site put people off bying into? I'm sure there were plenty of people glad of the never ending stream of top ticking doomers throwing their money at fluff. But it's different this time? Every fucking dip, 6 years. You just couldn't take the money fools, even though it was presented on a platter - all you had to do was STFU and stay away from that big red offer button. No joy.
Wow, the howling, the contempt. It may really be a top this time.
To a certain degree I believe what he is saying, however,the truth of the matter is that he will never be touched by what is going to unfold. The next round of this collapse portends terrible life changing events for the poor and middle-class.The shit is hitting the fan and we are going to get sprayed.
I think what we'll have front seats to is not a 'market crash', but one day markets will just be closed till further notice. When they reopen, the 'investors' will have lost 50% or more.
Kinda sounds like the same thing.
Now why would you get Down arrows for saying so obvious?
Party like it's 1928 - the warning has been sent to the cabal. The sheep set up to be sheared.
He believes the US Federal Reserve will be motivated to begin the tightening cycle.
I think the assumption central bankers don't know what they are doing is wrong. I believe it's all intentional and an engineered global collapse. Then watch the new global currency come to the rescue. This policies are so hideous, so stupid that it has to be intentional.
Exactly!
In the '70's, the Rockefeller foundation did huge studies on population growth projections. I think Kissinger headed it.
They knew oil would be tapping out now. (Google Cheney's energy task force). The volume of food needed now takes a huge amount of fossil fuels. No Oil/Gas, no food.
They know/knew we would hit overshoot, and given the above food projections. We need a reduction.....
See Georgia Guide Stones as a prediction I suppose.
I thought it would be gene specific bio weapons and pandemic. Leaves infrastructure in place. That's why I thought (wrongly maybe) that nucs wouldn't be used because they wreck things but doesn't kill that many initially.
Ya gotta reduce down to 2 billion, how would you do it?
Remember, you're a sociopath, so don't limit yourself...
( just google 'population control studies kissinger Rockefeller'
These guys do Long range studies/plans)
Arsenic laced one gallon big gulp refill mugs?
Put Sodium Fluoride in the water and fill cavities with Mercury almalgam? Common Core? Zombies? iPhone6?
Does this mean I should move my 401k?
To what?
Exactly. My employer funds it, I don't contribute my own money. It's small, but I've been making a killing on it. I had been hoping to withdraw it as a down payment on a home, but that seems even more risky. I guess it will just be lost money at some point.
"My shorts are underwater", Hedge Fund billionare warns.
Kind of like another 'billionaire', Eric Sprott, saying in Q1 2014 that silver would rise to $50 an ounce later that year.
You say, "talking their book"; I say "liar".
That's the trouble with going short - your timing has to be perfect.
"My shorts are underwater", Hedge Fund billionare warns.
You do know that to the 99% ers that phrase means you're swimming
That's the beauty of buying puts. You can only lose what you put in.
I'm not just a stacker of bullion, bullets, and beans! Also piling on a ton of 2016/2017 XLF puts.
Let the fireworks begin...!!!
Drop your cocks and grab your socks gentlemen, the ride is about to start............
Or not.
My Dad was a Marine and used to wake me up in the morning with that saying in the 70's...
Couple questions:
1. Do they actually 'print ' this money?.or is it a metaphor? ..
2. Who decides which 'tyler stories' become 'stickys' at top of page?..and how do they decide?
How 'bout a couple of lower lows, Big Guy, before TEOTWAWKI?
As a kid we had a favourite mountain near our home in Montana. That mountain was a place that a few buddies and I would regularly visit for a few nights camping in the summer. There was one cliff on the mountain that we had to dare, we called it the "Piss Cliff" and the game involved getting as close to the edge of the cliff as possible in order to fully piss over its edge, no one ever got hurt but when the wind gusted hard the wrong way your heart raced a little bit. We would yell things at one and other, sometimes not very nice stuff, usually we yelled "closer" and sometimes chanted it over and over like a wicked mantra. The point is, as kids we knew our limitations and the 500 foot drop was a clear enough reminder that mistakes were out of the question. I just don't understand today's banksters, they are playing the same game with complete blind faith in the markets and they are going to cause some serious grief. As kids, our eyes were wide open and they still are, it was a learning experience that left great memories and in some weird way it has prepared me as an adult, something the banksters will never fully understand, real risk, there were no bailouts, no bail-ins, no parachute clauses or a bonus for failure, no tax havens or foreign getaways, bad decisions were not mitigated when playing the game on the Piss Cliff.
Great post brother, you nailed it...
The problem is that they don't care.
Think about it... these $1mln+/year fund managers just want to keep the music going. Somewhere in their heart of hearts, they must know the music will stop soon. But they don't care. They just want to ride the wave as long as they can. They collectively benefit from chasing the market en masse.
TZA bitchez
Popcorn...peanuts...cigarettes...cigars...Tipperellos?
http://www.thedailysheeple.com/the-last-great-run-for-the-u-s-dollar-the...
I love how the bears are throwing in the towel.
Must be close to the end!
throws in seriously chewed seal skin
As old southern hunters would say:
"It's time to skin the 'coons".
(for the overly sensitive, there's nothing "racial" about that comment. Grow up.)
dat's rayciss
HATER!!
In Australia, Coon is a brand of cheese and also the other thing you were maybe alluding to as well. We also have Samboy potato chips.
Looks like Randy Newman Blind Man.
he is probably just shorting the market and hoping to move it down...that said, I hope he is right.
Bend over and take it like a man. It helps if you bite down on the pillow