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This Is Your Broken Market On Central Planning
At 1036ET, All S&P Sector ETFs, VIX ETFs Halted due to break on NYSE Arca
BREAKING: Today's trading "glitch" was brought to you by the letters "U" to "V". pic.twitter.com/lwYKrMehCi
— Rudolf E. Havenstein (@RudyHavenstein) March 31, 2015
Update: 10 minutes later (TRADING RESUMED) kinda...
Pisani: "Sometimes, this just happens folks!"
* * *
The Market Breaks will continue until the S&P 500 is green...
VXX and UVXY just cannot stay open...
as can be seen here...
Dead Markets Walking...
VIX ETF Explodes...
Ultra VIX...
US Dollar ETF goes full retard...
And prompts a total halt...
and it all started early on with AAPL...
After open, @NASDAQ stopped quoting in A-Z for between 6-8 minutes. Here is in $AAPL: between 09:31-09:37 ET pic.twitter.com/CXKtx24lml
— rockhowse (@rockhowse) March 31, 2015
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Maybe they ran out since the fed owns practically all of them.
Get Shorty!
Damn that infernal news!
Does anything in this rat infested motel work?
No worries...""they'll"" jsut walk it up on no volume. As always.
Fk the tribe.
What's new pussycat? Whoaa..Whoaa..Whoaaa..Woooaa....*
*Tom Jones
I was thinken Mr. Bojangles can you dance ? Yes we can!
Pisani: "Sometimes, this just happens folks!"
Nitty Gritty Dirt Band
The market breaks will continue until morale improves.
Check out the spikes in UVXY. My account was spiking 300% on the P&L side over and over.
Tried to catch it on limit orders. They won't have any of that. LOL
ALMOST GREEN.
1 MORE 'MARKET' BREAK SHOULD DO IT.
(And a Phoenix Capital article)
https://www.youtube.com/watch?v=5r2hnBHcSks
TBTF is suddenly now "central planning"? Corporatism is now Communism? They short labor with transnational lassez-faire agendas like TPP, and you cry "regulation"? SMFH. It's like Alex Jones sneering at the Bohemian Grove people.
charts look like brain activity on lsd...
Wow, a cartoon character of Steve Liesman. Uncanny.
Very close, but too much hair!
God i hate Steve Liesman and Ron Insana too!
Message of the Markets by Mr. Ron Insana was a good read...
never gonna hate on this site but it's time to get a trusted commenter feature. Can't tell what's ironic vs. a real message anymore.
Some turn to the bible; I turn to Mr. Insana's tome in times of trouble.
Too bad Jesus never guest-hosted on CNBC's "Fast Money".
Too bad Ron Insana's book wasn't programming for future generations brought down to us by past kings.
But maybe it will be???
On a long enough timeline it all evens out...
Tyler the best thing you can do in 2015 is add a trusted commenter feature.
Define work... Things are going great in a Doctor Strangelove kind of way.....
its all about the essence mandrake we the people have always had it and they have always wanted it.
I can tell you from my experience that the programming and tech people who are trying to make all this work from the exchange side in this era of ultra computerization are just not up to snuff compared to the "folks " able to buy unlimited programming and tech competence to take advantage of the woeful inadequacy of the exchange tech.
The exchanges for historical reasons are in NY. NY and the East generally is a technological backwater. Except that firms can buy talent with money, money the exchanges, never mind the absolutely clueless regulators, are unable to match. Just think about the billing systems at the exchanges. They are so antiquated and useless it makes one want to cry. I imagine they throw more resources at the actual operation of the exchanges themselves rather than backoffice but they will always be behind.
Or think about the absolutely insane setup for shorting shares and the idiotic system for borrowing shares to do so. That is not the way things would be done on the West Coast or by any of the leading firms out there.
I used to know a guy in IT at NYSE. His daughter played soccer with my daughter. It was apparent talking to him that they were always in a losing battle on all fronts. NYSE is now owned by ICE, a second tier derivatives exchange. Seriously? The whole thing is an anachronism.
Since the Fed is short VXX....Anyone else notice that the 20-wk moving average of the Total Fed Balance sheet just went NEGATIVE for the first time since May 2012....
Maybe an algo finally put that data in their pipe and smoked em!
The PPT needs a "time out" to reverse the algos...
Deja' vu in the Matrix...... RUN !!!
https://www.youtube.com/watch?v=z_KmNZNT5xw
We halted some folks.
Never gets old... :-)
"Sorry, sir but the race has already started. Gambling window is now closed."
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.nettrader2.com
Sucking cocks for a living is not a good way to go about life, son.
Anyone got a smoke?
A smoke and a pancake.
Chicken and waffles.
Left over cold pizza
Bong and a blintz?
Tits and a vagina?
all of the above
and a strong cigar...
There is no pleasing you.
just pass the lighter
too late
Clear glass floor see all the way down
Bloomberg: Obama comes out of closet, Moochele enters closet. Continue buying!!
bcups hhhhhhhhahahahahahah hahahahahahah funny as all hell. Where is bcups to spin this
"Reggie, watch what happens when I press this button!"
I'm going to need more popcorn.
actually, i think you're only going to need a small tub. it will be quick. and very excruciating for anyone long. may as well get that beer ready to go with the popcorn.
"Halt ! Colonel Hogan, that's not the way to your barracks. Now, turn around and move in the right direction. Schnell !"
i see nothing [sgt schultz]
think it was "I know nothing"?
It was both.
Can get real central planning actually.
Nationalize some stuff...
Seriously -- why does any "investor" put their money into a "market" so opaque, succeptible to failure, and constantly revealed to be designed to enrich the ones who control it?
Equities are not the only place to establish some future savings, people -- look around. Protect yourselves!
Wall St is a casino. Need I say more?
Market love you long time, baby. So horny.
At least when they take your money in a casino, the drinks are free.
So what news was disseminated?
"BOO"
I think they meant to say "News Dissimulation". Spelling error.
End of a quarter, markets get volatile, retail are going to buy these instruments. Must. Not. Let. Retail. Make. Profits.
Don't worry everything is Awesome, when your part of the team dox to 30,000 there's no stopping it.
We flashed some folks...
HFT will never be controlled, bc the FED is now a big HFT trader of many integral "markets."
can this bomb even be defused at this point? part of me wonders if people at the top know the system's got to implode on itself at some point and they are either paralyzed by the fear of actually detonating it and/or getting the "cheese touch" if they even try (actual reform, not the optics we've been fed)
when they shut down the "market" for good, will Pisani say "That's All Folks!" like a gay Porky Pig ...?
Wait, Porky WASN'T Gay?!?!!
Crazy Ivan!
Verify our range to target.
One ping only.
I hear Russians are paying top dollar for the secrets to our markets.
It will help integration issues.
When Obozo surrenders.
what's the news? did someone finally nuke DC?
I recall an article last fall(?) that said there were 2x as many shares of VXX shorted as there were issued.
So the squeeze could be awesome!!!
"market breaks" halt = rewards miles blackout dates
Rigged.
lets not even talk about the last hour of trading in the paper Gold and Silver markets in London.....
http://www.kitco.com/charts/livesilver.html
Ok, so VXX re-opened and it just broke again! And the market continues to melt up.... What?
LOL!! When fraud is the status quo, possession is the fucking law. That is all...
I bet when too many people catch wind of all this friggin manipulation.they're gonna say that the 'market was hacked'. Hence all the conditioning from hacking stories around the globe over the last couple years.
O snap- the market got hacked. might be Isis..or maybe N.korea. sorry.
O snap- your 401Ks got hacked..probly by russsia or china..sorry.
O snap- your snap cards got hacked too..
The Bots did it, oh no
SNAP will never get 'hacked,' the folk would take to the streets.
ITS A MERICALE!!!!!!!!
Healthy and fit for purpose!!
And it's broken again (UVXY) at 11:30ish NYT.
Sum Ting Vewy Vewy Wong.
On the way in its a 10 lane superhighway.
On the way out, its an ant trail.
Would not surprise me if it halts again. Going for another dip downward.
Need come Chinese and Russsian hackers to break into the high frequency trading systems and create some real market fun.
VXX is still toasted. Market very dangerous right now.
End of month close, something to keep in mind. I would say the central planners don't want the s&p to close in the 30's or 40's.
BTFBSOD
Pisani the gay cop: "nothing to see here, move along folks... we're well off the lows, and I know where my ass is buttered "
Pissani seems like a nice fellow if you were a raging fucking homo
last UVXY quote 19.12... but the casino is closed, thanks for your business... we have free drink coupons at the exit doors
why does anyone even play this game anymore?
Because there is justice and "just us".
Just ask Holder and that dude who resigned.
Why? Are you? May God forbid.
Who is playing?
I am on the sidelines watching. I have been for many, many years.
Actually I am being rather entertained.
It is absolutely laughable that anyone is playing this game in a rigged casino.
The only winning move is not to play.
I'd be better off at Barona Casino. At least I know that place is rigged and I also know where some winning plays are at times.
Their evil plan may be to get everyone out of the markets so they can buy everything with their monopoly money. Yhis way they get full control of all the corporations.
The banksters are printing as much fiat as they want/as it takes - and are buying up everything anyway. They will get it done whether others get out of the market or not. The only thing that will stop them is their destruction. When you can print up as much fiat as you need to get the job done then there is nothing that they cannot accomplish. That is the method for their Totalitarian take-over. They will eventually own everything unless they are stopped by force.
The plan was to rig the markets, and keep them rigged until ________. Now we know ________ means: until catastrophic error.
With the markets rigged, they can screw you coming and going. Skim, baby, skim.
Paging Mary Jo White...Paging Mary Jo White...
How about a list for SEC Web Searches
- Mary Jo White, SEC, Columbia University, Lawyer, asserted summarily in Rolling Stone magazine that, among other duties at Debevoise, White has used her influence and connections to protect certain Wall Street CEOs from prosecution,[10] including a notable case involving the firing of Gary J. Aguirre for investigations into the CEO of Morgan Stanley executive John J. Mack.
- Elisse B. Walter, SEC & FINRA, Harvard, Walter (a Lawyer) is married to Ronald Alan Stern, the chief antitrust attorney for General Electric.[11]
- Mary Schapiro, SEC & FINRA & CFTC, In 2009, Forbes ranked her the 56th most powerful woman in the world.[4]
An early setback for Schapiro as SEC chairwoman occurred in September 2009 when U.S. District Judge Jed Rakoff rejected the SEC's proposed $33 million settlement with Bank of America. BoA had been charged with failure to disclose bonuses paid to Merrill Lynch executive before the two companies merged. Under the settlement's terms BoA was allowed to deny any wrongdoing, which they did when pressed by Rakoff on the matter of guilt.[16] Rakoff said the settlement did not "comport with the most elementary notions of justice and morality".[17] Seven months later, Rakoff approved a $150 million settlement of the BoA case; BoA did not have to change its declaration of innocence.[18]
- Charles Christopher Cox, SEC & US House of Representatives, In September 2008, the U.S. Congress passed and President Bush signed the Emergency Economic Stabilization Act of 2008, which placed Cox on the newly established Financial Stability Oversight Board that oversees the $700 billion Troubled Assets Relief Program.
- William Henry Donaldson, SEC, Yale & Harvard, Skull & Bones,
- Harvey Pitt, SEC, Pitt became the target of criticism when the Enron scandal broke out on his watch. Democrats alleged that he was too close to the accounting industry [2] and that he subverted efforts to tighten regulation in the wake of the Enron scandal and other cases of corporate malfeasance. Pitt resigned after attempting to appoint a board member (William Hedgcock Webster - former FBI and CIA Director) from a company under SEC investigation to head a commission overseeing the accounting industry.
- Arthur Levitt, Jr., SEC, In 1997, the SEC under Levitt's leadership approved the exemption of some Enron partnerships from the tight accounting controls of the Investment Company Act of 1940, Since May 2001 he has been employed as a senior adviser at the Carlyle Group.[1] Levitt also serves as a policy advisor to Goldman Sachs and as a Director of Bloomberg LP, parent of Bloomberg News.[2]
Seriously... what the hell...?
What Would Chuck Schumer Do?
this is what happens when a few bots leave and a few humans enter.....Low Vol, meet thy avenger.
We all know that any large bets against the status quo, will never pay out (there is no spoon asshats).
I thought all of this was supposed to happen on April 1st.
you've got to destroy that sucker 401K buy in.
So, if the old USSR had a "stock market," this is what it would look like.
I never thought I would see the Berlin Wall collapse.
I never thought we would invade zillions of countries.
I never thought we would put a muslim communist indebted to Zionists in the WH.
I never thought loyal, taxpaying Americans would be declared Enemies of the USG.
So, I have lived a long time and seen weird stuff, like most of you guys my age (60+).
I don't know how this all came to be either. The rise of technology, the major shift from manual labor to automation, communications, a government which is in the dark agesand using tech for devious purposes, the end of cash is king, easy credit, the desire to 'have' everything by the time people are 25, abhorrent education costs, people who lost faith in the voting/democratic system and on and on...
Some of this stuff is as old as time, but not the part where our slaves are now machines, not people, which makes people redundant in a lot of areas or the impresion is there.
Funniest god-damn thing I have seen all year.
Seriously fucking hilarious! Thanks, I surely needed that!
Awesome. Frigging lol.
After you buy a stock are you allowed to sell it?
Russian Inflation: Worse Than Almost Everywhere In Eastern Europe
http://www.forbes.com/sites/markadomanis/2015/03/27/russian-inflation-wo...
When are you people going to get it?
Growth ENDED in 2008.
HOW HIGH OIL PRICES WILL PERMANENTLY CAP ECONOMIC GROWTH http://www.bloomberg.com/news/articles/2012-09-23/how-high-oil-prices-will-permanently-cap-economic-growth
BUT WE NEED HIGH OIL PRICES The marginal cost of the 50 largest oil and gas producers globally increased to US$92/bbl in 2011, an increase of 11% y-o-y and in-line with historical average CAGR growth. http://ftalphaville.ft.com/2012/05/02/983171/marginal-oil-production-costs-are-heading-towards-100barrel/
Basically civilization was OVER. Fuck your capitalism fuck your communism fuck your socialism.
There is NOTHING without CHEAP extractable oil.
Recognizing that we were FUCKED the Fed had two choices:
- all the world to collapse
OR
- print money like a mother fucker and do everything possible to keep this bitch going for a few years longer.
Tyler - you need to stop looking at this through the prism of the past. The past is OVER. There will be no reset, no recovery no fuck all NO MATTER WHAT WE DO. Ending corruption and all the other things you moan about will change nothing.
We will print as long and as much money as possible --- and when that stops having any impact on things --- we will revisit 2008 but this time there will be no back stop.
This fucker is going to unravel like a high tension wire sawed in half.
And we are all going to starve and die.
Mad Max is going to be the civilized part of what is coming. 7 billion starving mother fuckers are going to tear this planet and each other to pieces.
NO RECOVERY. EVER.
Well, aren't you the horn that tooted itself.
Actually Tyler beens making this case since 2009.
Where you been since then bitch?
Bull fucking shit he has --- I have had direct communication with Tyler or whoever the fuck that is and suggested he print my version of the letter to the Fed thanking them...
And Tyler completely disagrees. I could paste his reply here but won't rather I will summarize:
The Fed and the elites are 'stupid'
QE ZIRP are solely about enriching the ultra wealthy.
If we could get them out of the way we could get things back on track again.
WRONG WRONG WRONG WRONG - THIS IS ABOUT THE END OF CHEAP OIL AND DELAYING THE COLLAPSE OF CIVILIZATION
ASK YOURSELF - WHY IN THE FUCK WOULD THE ELITES LAUNCH POLICIES THAT THEY KNOW ARE GOING TO BLOW UP THE ECONOMY? TO MAKE A FEW MORE BILLION?
ARE YOU FUCKING NUTS!!!! YOU DON'T BLOW UP YOUR OWN HOUSE CUZ GUESS WHAT - YOU LIVE THERE!!!
WHY IN THE FUCK WOULD THE ELITES LAUNCH POLICIES THAT THEY KNOW ARE GOING TO BLOW UP THE ECONOMY? TO MAKE A FEW MORE BILLION?
No. It is not about making a few more Billion.
First it is not about the money. It never has been.
Next it is about POWER...in more ways than one.
They believe that the Planet does not have the resources to maintain 7 Billion people. They want to reduce that population by Ninety Percent.
In order to replace the current paradigm this must be destroyed and totally rejected by the remaining survivors.. You will demolish your own house when you want to replace the entire foundation and structure built upon it. That is the REASON.
I know rhat it does not make much sense unless that is what they intend to do. Yes they intend it. And they do not have a care about your personal suffering or the death of those whom you may love.
They want "A Brave New World" a steady state with no growth.
They want to create a Utopian society. That is what they are after.
This is Three and a half hours but you might want to watch this. It is an eyeopener.
Hello Technocracy with the new state religion of Scientism...
The interview begins at 12 minutes in. That is the meat.
https://youtu.be/H7QlOTi86Nk?t=12m15s
Maybe you will get some clarity.
Population reduction will occur one way or another. Either the elites will engineer it or we will keep bredding like unthinking animals until the resources are gone.
What difference does it make? For some reason we would all find it more palatable if the human race is destroyed by natural means. I admit even I do to some extent but I'm objective enough to know that in the end it'll make no difference.
It's too late for the human race. We've covered the NH in nuclear reactors, have 3 uncontained nuclear reactions in Japan and are in the process of destroying the Pacific Ocean. Any world war now will imperil many dozens of domestic nuclear reactors. This will be a certain extinction level event. Let that sink in for a moment. CERTAIN.
We are done. One way or another. We've multiplied like bacteria and spread like disease across the face of this earth.
The elites are probably right about the carrying capacity of the earth. What pisses me off is we each individually don't give a flying fuck about the number of children we bring into the world and this is where I believe religion has a lot to answer for. "Go forth and procreate" and in the fine print it must say "until you destroy the planet you dumb apes".
So to the dick head who down arrowed the above. Tell me how we control the population of the earth? Because we are too stupid to do it ourselves, with personal restraint (that is, have a maximum of two childen) we end up in a position where we are simply destroying the earth.
You must feel better now getting this off the chest.
On the other hand, while I acknowledge the human species has a lot of problems at hand, most of them self-made, I refuse to believe MM is the only scenario. Either way, as long as I have breath in me I will work towards making this place a better place. There's a lot of good people, and maybe it needs a big crisis so that we can pull ourselves together again, get our priorities and ideals straight, and deglobalize... back to locally (semi-)sustainable communities with fair trade in between. As long as our "leaders" don't go full retard nuclear... But either way, we're living through historic times, and in the long run...
CHeers!
Feel free to provide an answer as to how we overcome this:
HOW HIGH OIL PRICES WILL PERMANENTLY CAP ECONOMIC GROWTH http://www.bloomberg.com/news/articles/2012-09-23/how-high-oil-prices-will-permanently-cap-economic-growth
BUT WE NEED HIGH OIL PRICES The marginal cost of the 50 largest oil and gas producers globally increased to US$92/bbl in 2011, an increase of 11% y-o-y and in-line with historical average CAGR growth. http://ftalphaville.ft.com/2012/05/02/983171/marginal-oil-production-costs-are-heading-towards-100barrel/
I DO NOT SUPPORT THIS BUT...
Massive reduction in demand caused by the death of the majority of the World population coupled with a total replacement to an Energy Based Economy, where your current ideas about trade and money are forgotten. A small controlled population and Worldwide communism with a small Global Elite enjoying the fruits of the labors thereof.
That is what the oligarchy has planned and it is in the final stages of implementation.
There IS NO WAY OUT at current population and current demand. There are NO SOLUTIONS where everybody lives and we all go back to "normal".
I know that you do not want to read it but that is what is happening.
When there’s a job to do it takes the right man; the man is Stanley Fischer, the job is to protect and enhance the banking cartel that owns the Federal Reserve. The mega banks.
It’s going to break. I would call it the death throes of socialism for the rich and the nonproducers – stealing from a middle class that wants to deal in a contract society and pass its labors and values on to its families.
The mega banks are stealing the means of production from Americans using zero interest rates and free money from the Fed.
Why Is the Fed’s Stanley Fischer Tilting at Windmills? | Wall Street on Parade
By Pam Martens and Russ Martens: March 31, 2015
Last Friday and again yesterday, the Vice Chairman of the Federal Reserve, Stanley Fischer, delivered speeches that attempted to refocus his audience away from the systemic global risk posed by behemoth Wall Street banks and redirect their gaze to dangers lurking in the nonbank sector: things like mutual funds and hedge funds.
Reading the speeches, we had an epiphany here at Wall Street On Parade: if something does blow up in the nonbank sector it is highly likely to be caused by an interaction with a Wall Street bank. The insurance company, AIG, would not have failed during the last financial crisis had it not agreed to engage in Credit Default Swaps (CDS) with Wall Street mega banks. Fannie Mae and Freddie Mac would not have failed had they not been seduced into buying dodgy mortgages, mortgage-backed securities, and derivatives from Wall Street banks. The Reserve Primary Fund, a money market fund that infamously broke the buck (its shares fell below the sacrosanct $1 per share) in September 2008, did so because of its holdings of Lehman Brothers’ debt – a large Wall Street investment bank which failed in September 2008 while owning two FDIC-insured banks — Lehman Brothers Bank, FSB and Lehman Brothers Commercial Bank.
Fischer’s efforts to redirect the debate away from the largest Wall Street banks comes on the heels of a February report from the Office of Financial Research, a unit of the U.S. Treasury, showing systemic problems bubbling again at the mega banks.
The study was authored by Meraj Allahrakha, Paul Glasserman, and H. Peyton Young, and found that five U.S. banks had high contagion risk values — Citigroup, JPMorgan, Morgan Stanley, Bank of America, and Goldman Sachs.
The authors write: …
"the reality is that hedge funds hold billions in assets while the systemic Wall Street banks hold trillions…"
http://wallstreetonparade.com/2015/03/why-is-the-feds-stanley-fischer-tilting-at-windmills/
As the Martens reveal in their article:
“Fischer’s employment agreement contained the same type of clause that was revealed in the Senate confirmation hearing of Jack Lew, a former Citigroup Chief Operating Officer now serving as U.S. Treasury Secretary. If either Lew or Fischer left Citigroup for a high level position in the U.S. government or a regulatory body, the restricted money Citigroup had put away for them would be theirs to keep.”
Everyone on Z/H would feather their nests if they were on the top tier of the Ponzi/pyramid IMO. The 0.01% is not accountable to anyone other than the 0.01%er, frankly. Moreover, I sincerely doubt that the 0.01% even read Z/H or alternative economics blogs. This is how the 0.01% lost their footing back in March of 2008 and have not regained it since. Furthermore, it is mathematically impossible for the 0.01% to recover from the 2008 implosion of the Worldwide Ponzi schemes they were running. I, for one, know that the 0.01% have near to no knowledge of basic mathematics, physics, or macroeconomics let alone Quantum Behavioural Economics. In brief, it is but a matter of time before another systemic round of neoliberal largesse will manifest to indicate to the World that the CB and the Central Planners are out-to-lunch and not coming back anytime over the next thousand years or so.
Looks just like a new normal trading day to me. The paper roaches remain in charge for the time being.
If Central Planners can't score any dope what are they going to do for their next fix, Z/H?
NOTE: Central Planners don't want to go to rehab, no, no, no.
Central Planning and a new Fed commission to maintain high stock prices as a core mission! How insane does this sound to us people grown up on the constant drumbeat of Free Markets, Make your own way in the world, risk deserves reward Blah! Blah! For my part, I was fucking lied to! They have rigged it all now, for the 1% to profit without real work, and with no wealth creation. Such a system is doomed to fail. Nobody should accept the lies about free market capitalism. We do not have it, it is all a lie, it is a giant fraud. We have dog eat dog hard core capitialism for a working person out in the job market. For Bankers and Traders we have "Iron Rice Bowl" communism that guarantees their profits at public expense. A revolution like Lenin's only from above for the 1%! They pulled a slow Coup since Nixon and they now have total control. Federal Reserve, The FBI, The CIA, The NSA, Homeland Security, A Bribed corrupt Congress, A Feckless President, Corporate Liar Media.
Yes, we have the whole package that goes with elite Communism, and working man's dog fight capitalism. Go out on the job market, compare that world, to the world of Bankers and Financiers. Given free ZIRP trillions. Given a Manipulated Market that always goes up, any losses are transfered to the Public balance sheet. WE have it all! And we start wars to spread OUR MODEL to the world. WTF?
You ever see those gold fish tanks with so many goldfish, they can hardly swim around ??? Thats us, the feeders...
Make them fearful and they will overreact.
The people really need to see their true faces.
Cassetteboy - Emperor's New Clothes raphttps://www.youtube.com/watch?v=vbLGG5UGEKw
That's none of your god damned business. You just BTFD and don't worry about it.
For all those with their fingers on the red arrow option when I post WISDOM.
Since you are all so fucking brilliant stting here day after day bitching about your best friend - the FED - who is keeping you on life support with QE ZIRP (but of course is stupid and corrupt)
Please describe how we overcome this:
HOW HIGH OIL PRICES WILL PERMANENTLY CAP ECONOMIC GROWTH For most of the last century, cheap oil powered global economic growth. But in the last decade, the price of oil has quadrupled, and that shift will permanently shackle the growth potential of the world’s economies. http://www.bloomberg.com/news/articles/2012-09-23/how-high-oil-prices-will-permanently-cap-economic-growth
BUT WE NEED HIGH OIL PRICES The marginal cost of the 50 largest oil and gas producers globally increased to US$92/bbl in 2011, an increase of 11% y-o-y and in-line with historical average CAGR growth. http://ftalphaville.ft.com/2012/05/02/983171/marginal-oil-production-costs-are-heading-towards-100barrel/
WE ------ ARE ----- FUCKED.
Guy shoots you in the stomach, chains you in his basement but does the bare minimum to keep you alive.....who's the asshole?
We’re doomed, betting on long shots.
Lets lie, cook the books, and rig the markets..... Just until confidence is restored.
1 2 3 halt 1 2 3 halt HEY!! I catched you up.
On the theme of central bank planning, Iceland plans to put the creation (but not allocation) on new money exclusively in the hands of its central bank: Iceland looks at ending boom and bust with radical money plan (Telegraph)