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"There's A Bubble In Pessimism Worldwide, Come On, You Read Zero Hedge!"
GFI's John Spallanzani came on CNBC today and decided to make the case that there is a bubble. But not a bubble in stocks which are trading 1% off their all time highs, at a 20x real P/E multiple, and 1400 days without a 10% correction, mind you, but a bubble in pessimism.
Here is his "argument", deconstructed in its several key components.
- "If there's a bubble in bonds, there has to be a bubble in pessimism."
Apparently, Mr. Spallanzani does not quite grasp that the only reason bond prices are as high as they are (to him, that means a bubble), is because the central banks are now buying more than 100% of all net issuance.
It also appears that the very logical conclusion that if there is a bubble in bonds, then there is clearly a bubble in stocks, because once the bond bubble bursts and interest rates soar, what happens to earnings? Or perhaps GFI employees just haven't covered yet the arcane linkage between the balance sheet and the income statement.
Ironically, in the very next sentence the CNBC guest says that "there is a shortage of quality assets in the world" (which actually is spot on as we showed in May of 2013), but apparently another class not discussed at GFI is that "quality assets" are bonds, not 100x (or Div/0) biotech stocks.
Then there is a lot of even more confused words, followed by this pearl: "the only way the Fed is going to hike is basically the S&P going toward 2200. If we stay at 2100 or below, the Fed doesn't go in September."
Then comes even more confusion: "the only game in town right now are equities to drive the balance sheet of the individual investor and also the consumer."
Uh, what?
Unwilling to risk a subdural hematoma from trying to decipher what, if anything, that sentence even means, we trudge on:
"If you take energy out right... energy really cratered... the earnings are not that bad", and when someone interjects that revenues are bad, John's response is: "obviously we can debate that."
Actually, no we can't:
... and as Factset notes, "Revenue Growth Not Expected to Return Until 2016"
But ignore reality because John plows on: "the trajectory of earnings is up, we're not going into a recession, therefore all the liquidity that's sitting on a sideline has to go somewhere and that place that it's eventually going to is equities, that's what happens."
Uh, what... again? Some circular argument which is made whole not because of some cause-effect link but because "that's what happens"?
At this point we are getting concerned that Mr. Spallanzani has absolutely no idea what he is talking about.
For better or worse, his CNBC hosts did too, and the camel's back finally broke when asked if he has any clue about ETF flows (he does because "I trade ETFs all day") he, surprisingly accurately, notes that "flows are going into IWM, into biotechs and going into QQQs", which incidentally are only the story stocks, those trading in triple digit or higher PE, Spallanzani totally cracked, and having no response at all, came out with the following absolute stunner:
- "There's a bubble in pessimism worldwide, come on you read Zero Hedge."
And cue laughter.
So there you have it: when you are fresh out of any legitimate arguments, what do you do? You name drop Zero Hedge and use its readership as a benchmark of rationality or, as the case may in this particular very, very confused case, hope it's sufficient to "prove" that there is a bubble in pessimism... or something. It wasn't exactly clear by this point in the interview what John's point was, or if he even had one.
And while we probably should be grateful for that assessment, because for whatever reason Zero Hedge traffic was indeed an all time high in July, the fact that it originates from someone as confused, albeit a religious reader of this website, as Spallanzani we'll just avoid commenting altogether.
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I guess they should have read The FInancial Times before the interview; here is the headline and a real issue.
"US Treasuries market faces liquidity concerns"http://www.ft.com/cms/s/0/73d3dff4-359f-11e5-bdbb-35e55cbae175.html#axzz...
Quote: "US Treasuries are considered the bedrock of global finance, but concerns about liquidity — or the ability to buy and sell an asset in large size without affecting its price — are now widespread."
correlations, presumptions and assumptions;
power, the most precious tool. to have at your
control the assumptions, presumptions and uncircumcised
insights and tendencies of the general public.
how and why does a person's perspective, whether pessimistic
or otherwise, depend on the central bank's capacity to buy
the issuance of a treasury's debt bonds? oh, no one else
within the scam would chance it? is it me or is this entire
system a fraud and stupid joke, a systemic power/land/asset grab?
obviously.
ps. sadly, at this point, i really don't give a shit as
my reference of concern and relation are all either
dead, disturbed and disgusted or too young to engage the conversation.
still, i have a feeling for the ones who have become self
righteous and/or despondent; AND THE ONES WHO NEVER engaged,
out of fear, superior insight or greater brilliance, i'll
probly never know
.
Jackson Browne - Full Concert - 10/10/92 - Shoreline Amphitheatre (OFFICIAL)
https://www.youtube.com/watch?v=H3jO7mMyBg8
He is speaking chinese to me. The only thing I saw in todays session was a complete buying. The buying occured between 9 am and 11 am.
After that they turned off the machines and went to the hamptons. They know what they are doing. This is not retail investors, forget that myth. Money is being pumped for another short up ride. Join it or stay out of shorts, at least for now. Going short just in dreams, bad dreams I would say, or nightmares where you want to buy and the button has a bug and you short. Go long or go home
Lamestream media makes fun of ZH, good enough reason for me to keep reading.
I watched that interview and said WTF 666 times. What a dipshit.
I have a plan and is not as dumb as it sounds. The local fair is coming up next week and there is always a beekeeper stand with all sorts of great honey. Those guys are old school and I have an interest because you are fucked without pollinators. Honey is an amazing thing. How much for everything you have? I pay cash, gold, guns, silver, ammo. I will just buy it all.
Honey stores well. I will just buy it all and then sell some. It is no get rich quick scheme but there is merit.
http://www.improvides.com/2015/02/27/oh-honey-honey-beehive-design-innov...
Look into it if you are interested in taking the next step towards beekeeping.
You know, he is quite right about Zero Hedge.
There is just too many articles with pessimistic note.
But then, if someone is talking facts, in the current economic climate, I think he has right to be pessimistic.
The fact is that this Spallanzani is optimistic only means he is high on some shit. Probably illegal.
And to quote Zerohedge, he finally exposed himself on what he is reading when he is off camera. Probably when he is off that shit.
There's a bubble in manipulation A..hole!
Undermine and destroy all thats is fundamentaly earnest and maintain rigged global paper settings at all costs...... is this it?
When you can no longer blame it on the weather then why not blame Zero Hedge?
When you can no longer blame it on the weather then why not blame Zero Hedge?
Coming upon my 1 year here at zerohedge
Dont know how I lived without it
First blog I read while waking ''n baking
Last blog I check before I take my hippie Ambien
No one covered Greece better wihile predicting leftist, socialist betrayal than Zero Hedge
Happy anniversary
Thanks!
You didn't even send a card or flowers.
Or blame it on Greece's $300 Billion debt while you ignore Chiina's $4 Trillion in investor losses?
Someone needs to keep this guy away from nail guns, fast cars and tall buildings. Once his delusion pops, his course could turn ugly.
Meanwhile, today CNN doesn't miss a beating on worthless "pet rocks" like gold, copper, chromium, platinum, manganese...
These nations are panicking with gold and copper prices so low
http://money.cnn.com/2015/07/31/investing/metal-prices-falling-emerging-...
John "Da Spaz" Spallanzinni is a genius.
Uber, equities and fiat... that's the good stuff.
Better listen up ZH'ers.
http://www.trunews.com/wednesday-july-29-2015-jim-willie/
Here are some more signs of a coming recession.
http://michaelekelley.com/2015/05/29/mergers-and-acquisitions-set-record...
http://michaelekelley.com/2015/02/20/fed-warns-of-two-bubbles/
http://michaelekelley.com/2015/02/24/would-you-pay-39-more-than-asked/
Here is how to prepare.
http://michaelekelley.com/2014/10/16/8-things-to-do-when-recession-happens/
Here is how to get your mind off this stuff.
http://michaelekelley.com/category/humor/
Good luck!
"There's a bubble in pessimism worldwide, come on you read Zero Hedge."
Right, and when it pops optimism will blanket the world with rainbows, skittles and unicorns. Retarded bullshitter doesn't quite do you justice, does it Mr.Spallanzani?
The thing is, there's an even bigger global bubble of arseholes, evil nutjobs and stupid people cheering them on. Just a matter of time before it pops.
....kind of a globalist hub for catastrophists....
well, ya
that's about right
maybe the fight club should be renamed
the bitch club
"Unwilling to risk a subdural hematoma from trying to decipher what, if anything, that sentence even means, we trudge on:"
Everything that gets said makes sense so long as you understand the reason it's being stated. Dildos on MSM, are salesmen not analysts and sales isn't about the cold hard truth, it's about making you feel good.
Grok that and you grok the lot of it.
There's a bubble in trollism.
If there was ever an indication that we have reached a top...THIS IS IT.
These people are idiots. They have no clue what they are talking about. Give an idiot an MBA for paying the fee and they think they are the smartest motherfuckers on the planet. I sit amongst these sages of stupidity at work. I am amazed that they are able to maintain employment. If they can cram it into some sort of mathematical model then out comes rainbow farting unicorns. The ivy leagers are the worst. Sure they might be intelligent, but stupid as fuck when it comes to reality and common sense.
The only real way to become wealthy is to make something and sell it to people or to provide a service people are willing to pay for. Being a pimp for mutual funds and $5 stock trading firms is not a bankable skill.
If you think the stock market is your future salvation and a safe haven for your life savings then your are too dumb by half. Gonna have to work and produce people. Eliminate debt and get used to living within your means. Having a BMW and a $750k mortgage is not a necessity. Its a dumb decision. Dont buy, dont sell, dont play. Then they cant win.
"name drop" i'll hold my ears outside of walmart.
i'm not desperate enough
Okay. Here's the way this shit works:
The more people who are laid off, the more expenses can be cut.
The lower the wage paid, the higher the profit.
The more expenses can be cut and the higher the profit, the better it is for stawks!!!
Therefore... Every fucking person in this country should figure out a way they can be laid off, so they can collect unemployment benefits.
If everybody did that, we would have 100 percent unemployment, with every last person in the country collecting Unemployment Benefits.
With 100 percent Unemployment, the FED would be forced to implement a massive quantitative easing program and print trillions of dollars a month and they would have to lower interest rates to minus 20 percent a month.
That way, 100 percent of the people... EVERYONE... could borrow money at minus 20 percent, thereby making a quick 20 percent on the money they borrowed money every month!!!
Everyone could take all the money they already made 20 percent on (what they borrowed), plus their unemployment benefits, and then they could open up a trading account with some brokerage and leverage all this shit at 100 percent margin.
From the evidence we have clearly seen over the last 7 years regarding the quantitative easing program, the stock markets would double or triple every month year after year!!!
If every last person quit their job and just did what I am proposing, every last person in the entire country would be massively wealthy in a few years.
Nobody would have to work.
Oh wait... no employees???
No problem!
Everybody could just order everything they needed from some foreign country and have the shit dropped on their back porches, delivered by drones from Amazon.com.
Nobody would even need to go anywhere. They could just stay at home and trade all day on their computers, collecting unemployment, and making double and triple on their investments while sitting in front of their computers in their bedrooms... and everyone would never even have to take the time to change out of their pajamas.
After all... other than collecting unenployment benefits (which the elite can't do) THAT IS EXACTLY WHAT THE ELITE ARE DOING!!!
So... why not?
Oh yeah... on last thing.
Capital gains tax is a hell of a lot lower than regular income tax, so everybody could make out like a bandit by not having to pay the regular income tax like people who work for a living have to pay.
It would be great for everybody!!!
That’s the most concise description of our present trajectory I’ve ever read.
I feel altogether better now that I can see the end goal.
Thanks for taking the time to lay shit out there for us, Arthur.
~ DC
There is nothing pessimistic about a government that prints 1/2 of everything it spends and still ends up broke. Happy Days.
There is nothing stupid about a government that steals 1/2 of everything it spends and prints the other 1/2, all the while thinking there is a difference. Idiocracy.
This cunt is a fucking no mark.
Not a single mention on the GFI website, and GFI is hitting a shit storm with clients leaving in fucking flocks and droves.
And Hillary wants to punish America stock holders with higher taxes if they sell "too soon."
http://www.theblaze.com/contributions/heres-everything-wrong-with-hillar...
Broken clocks are right once per day. A med student graduates. passes the boards. Shows up to a hospital as an intern the next day. 0% to 35% tax rate, in 24 hours, because remember you can not deduct your student loan INTEREST if you make more than ~$75k.
Meanwhile, G.E. (CNBC) gets tax refunds, and all these fast money traders pay 10% cap gains. with no actual income tax. For their entire careers. Do you want the best and brightest of the next generation incentivized to grow your pension/retirement, or helping you live long enough to enjoy it?
Between her position on this, and her propensity to leak classfied documents to the internet, I might vote for her. It would be like getting the best whistleblower and tax reformer because she is trying not to be with all her might, and therefore takes it to the next level.
The ignorance. Withdrawal funds Monday hahah
The USG is world's biggest Bubble - Barry is too black to care
I know one thing for sure, and that's all these damn troll didn't start till after 2011. You had your few, but its like whoa buddy now. Its even affected the posting of this blog itself. There's more troll headline articles as well going on here.
Just my two cents, and playing to the igonrance of the crowd is part of the business. Though it is scorned, and scorched earth policy.
The banks own the media.
The talking heads on the TV are paid for optimism. They are supposed to be the cheerleaders. At some point the FED and many governments around the world started believing that if you FAKE it you will MAKE it.
That means tactics designed to pump all economic indexs, GDP and talking heads constantly encouraging you to invest. It's not so much that these folks are told to say this or that, its that if you say the opposite, your employement and air time will start to diminish. Like anyone who cares about their survival, the corelation eventually becomes apparent and these folks start believing that their "mere" words will have impact on the market.
The truth is, their words did have impact and in the past many have been caught employing these tactics while privately going aginst their own public advice. However, as it starts to unravel, and become more obvious that people are pumping a large turd, their words have less and less effect.
I love how the gold price continues to survive the assault, and is still hovering around 1100. I think the powers that be are sweating that because more and more capital is required to continue the suppression... and even with all that, the price continues to creep up. (Notice LARGE DROP, and slow climb back up, only to be large dropped again) Even stories like "gold to 350" are being seen as panic from the other side because they are so propostrous and have so little basis in fact. How could such baseless prediction even make it to air if the media wasn't rigged?Buying Gold is a vote against the central banks and economic policy. So the gold price will always be the MAIN battlefield between the powers that want to keep the wool over our heads. The reality is that a lot of people are going to be forced to take losses if the market is allowed to properly correct itself. This is really the best course... what is sad is that the repercussions get worse for us the more the market is manipulated, these tactics will only make the fall that much worse.
...not to mention 4 year terms, people love to kick this problem to the next administration, only the ball is getting harder and harder to kick.
Good points, but I have a suggestion. The cabal controls the banks AND the media. Let's put blame where blame is due.
By controlling the flow of information in the media, and selectively disclosing it in advance to their cronies, the cabal not only shapes the mood of the markets, but gains the benefit of a form of insider trading.
The cabal isn't smart at all, they’re just crooked. It is easy to win any game if you cheat.
Who is the cabal?
1. Liberal jews (with communist and cultural marxist tendencies, e.g. ADL and SPLC types) who look out for ONLY jews
2. Conservative jews (with fascist tendencies, e.g. Neo-con and Zionist types) who look out for ONLY jews
3. Traitorous non-jews who collude with them to sell out their own peoples for money and power
That’s the complete membership list. It’s not very complicated. Obama is a puppet of Group 1. and Bush was a puppet of Group 2.
And right now, the American public is being treated to whole new batch of "kosher" political candidates, be they Republicans or Democrats.
The whole Jew thing is just someones hate, there is plenty of non-jews that benefit from riggted the markets. It is human nature to use advantages over others, this is true in every culture and every race. Communist banks printed money, South American banks printed money. Anyone who has these powers eventually is corrupted by them has nothing to do with being a jew or a christian or an athiest.
Jesus was a jew, Putin's mother was a jew, so he qualifies for Isreli citizenship. Lots of good science and writting and art were made by jews. I can see just as much good contributions as I can see bad ones. The reality is that Jews are gifted genetically. Someone with these gifts can use it for good or they can use it for bad.
The idea that if these banks were controlled by others it would be diffrent is retarded. Anyone who has ever controlled a bank has eventually succumbed to corruption, wether it is in Russia, South America or Africa. Being a Jew has little to do with the fact that we are all human and fallible.
I can get behind the elites are ripping us off, but once you make it into some sort of Jewish conspiracy, I start to question your motives and your understanding of our animal nature. We are all capable of good and evil, jew, muslim or christian. No onge gets some special humanity bonus because of a book written by men disguised as the word of a diety.
Certainly not all Jews are involved in the banking enslavement of populations, most are as clueless about it as the average American, it is a sect. It is defeatest to believe that changing the guard would prove useless as a result of the belief that everyone is equally corruptable.
This assumption that people are inherently corruptable really needs to be questioned , this not the accurate. It is one of those things that people believe because they hear it over and over. People who crave power tend to have malignant personality traits, the average person does not have an insatiable drive toward power over others. It's always those that crave power that gain power in our current system.
A greek philosopher (can't remember which one) once proposed a system where where people are chosen from the population and compelled to hold office with their assets and person directly on the line for fraud and theft. This is an interesting idea since the person would be chosen by the population and it would be the duty of the person to serve, as opposed to some psychopath waving his arms "pick me, pick me". This is just one of many ideas proposed for controlling corruption, it can be done. Corruption and evil are not inherent traits of mankind these bastards are just an ambitious minority.
Thanks to the previous two bloggers for their response to my post.
If you read my post carefully, you will notice two things:
1) It never says that all jews are engaged in the behaviors that I identified.
2) It never says that only jews are engaged in the behaviors that I identified (see Group 3).
So those objections, that you have both raised to my post, are not supported by the actual contents of my post.
However, if you objectively look at the extent of the self-serving corruption and collusive activity engaged in by (not all) jews in this country, you would have to be naive to think that they do not bear a large part of the responsibility for the behaviors that I have identified. What difference does it make that there are some jews that do not engage in this behavior. Virtually all jews benefit from it - and virtually all jews do little or nothing to object to it.
How do I know this is true? Because they brag about it.
When someone is prepared to brag about a behavior, I will take their word for it that they are engaged in it.
With regard to the issue of "hate" being the motive for identifying these behaviors, that is pure projection.
I don't hate anybody, but I do hate behaviors that hurt my people. If those behaviors are engaged in to a disproportionate degree by one group in society, I can't be faulted for noting that fact, and responding accordingly.
Just because I am prepared to defend my own people does not make me a hater - it makes me a realist.
I down voted you:
.....Putin's mother was a jew,......
you are wrong on two counts:
1. this is a nonsense. she was orthodox Russian.
2. if she were jewish, you would have to write: she was a Jewess.
And anyhow, Jews delivered to stupid white people of Europe and basically to the white people on the planet a Jesus, who was a Jew.
To the blacks Jews delivered Allah.
In this way Jews control minds of both: White people and black people.
Stupid everyone, who believes in that jewish God from Abraham.
Really very stupid.
We, Europeans, we have our Gods and Druids, Slavs, Germans, Saxons, Franks, Vikings, French, Kelts, Schottisch people, all of them have their Druids. They do not need any God from Jews.
https://www.youtube.com/watch?v=TxFRgY46sJQ
Come on!
There's a big difference between being a pessimist and a realist! This Spallanzani is clearly just "pumping" his gig.
He says he's "happy to debate..." but no, not really, he is isn't happy to debate. Because he kinda likes to browbeat and bully.
If things are so great, why havent they raised interest rates? Stop the bullshit!!!
What will solve it all is a SEX BUBBLE. The fat lady will sing better than ever when that thing blows.
DOW 36,000
Wall Street and the Fed must keep making the bubble larger.
O/T but I request a moment's silence in memory of Roddy Piper, the hero of They Live.
His name was Rowdy.
Henchforth, in his Honor, I'm gonna rename my dick "Rowdy Roddy"...instead of "Peewee Herman"...a dicks gotta have a good name ..especially if you are hung like a hobbit as I am....
I am all out of bubblegum.
Favorite quote from Rowdy in They Live:
"I am here to chew bubble gum and kick ass and I'm all out of bubble gum!"
RIP Rowdy
I down voted you:
.....Putin's mother was a jew,......
you are wrong on two counts:
1. this is a nonsense. she was orthodox Russian.
2. if she were jewish, you would have to write: she was a Jewess.
And anyhow, Jews delivered to stupid white people of Europe and basically to the white people on the planet a Jesus, who was a Jew.
To the blacks Jews delivered Allah.
In this way Jews control minds of both: White people and black people.
Stupid everyone, who believes in that jewish God from Abraham.
Really very stupid.
We, Europeans, we have our Gods and Druids, Slavs, Germans, Saxons, Franks, Vikings, French, Kelts, Schottisch people, all of them have their Druids. They do not need any God from Jews.
God didn't come from the Jews.
It was the other way around.
Nobody reads zerohedge for the pessimism.
They read it for the commentary.
This can best be summarized by quoting an enscription inside a bathroom:
"Some people come to sit and think,
while others come to shit and stink,
but I just come to scratch my balls,
and read the bullshit on the walls."
What is a 22 rifle with a 4x scope worth if you cant feed your family? throw in a box of 50 rounds. In my area that is 50 squirrels or rabbits for dinner. If society ever fails that dramatically you will have bigger things to worry about than feeding your family. If you think the Federal, State and Local municipality employees give two shits about anything other than staying on the gravy train with your taxes you are sorely mistaken. Here in the shithole state of Illinois it is written into state law you cannot alter state employees pensions and benefits.
Society has become nothing but a bunch of narcissitic, self serving I am the center of the universe look at me citizens. Our hero is a disturbed Olympic athelet who decides he was really a woman and has a sex change.
Society is more worried about a fucking lion some stupic dentist was willing to pay 50K to shoot. He was the game in the crosshairs of the booking agents and professional hunters who saw him coming a mile away. I know of what I speak. I can book hunts for you in South Africa and Zambi or Zim. if interested. We look the other way when Planned Parenthood is marketing baby body parts to the highest bidder. Really ? A fucking lion. And who the fuck names a lion? Walt Disney . Oh yea . Animals have feelings. Forgive me. Wake the fuck up and look around you.
Finance, Real Estate, Insurance and now Health Care Costs. You want to do something constructive? Fix them. We are tax slaves from first payroll check. For me that was 1970. I grossed 64.00 for a 40 hour week as a bagger in a grocery store. I took home 48. Many years of my life between 35 and 55 I paid over 40K in income taxes. 7K in real estate taxes. God only knows how much in sales taxes. Here in Chicago the sales tax is going up to 10.25 % first of the year. If you go to Milwaukee to buy a car they will charge you sales tax by your zip code and send it to your home state. That my friends is 3075.00 on a 30 K vehicle.
We had a revolution once over taxation without representation. Ever hear of the Whiskey Rebellion? I just read a book called "Are We Good Enough for Liberty?" Good read. Have you ever felt free when sending in your income taxes? Average streets and sanitation worker in Cicty of Chicago makes 80 to 100 K a year.
There is work to do people. Begin locally. Finance, Real Estate and Insurance. Not your friends. On a side note I was in a hit and run car wreck 5 and a half years ago. Totally ruined left shoulder. Because it was a hit and run my own insurance company is responsible for my expenses. Uninsured/Underinsured part of my policy max payout is 100K. Left arm i am supposed to lift no more than 12 lbs. My samples for my work weight 40 plus punds and I often carry them a half a block and up 3 glights of stairs. My lawyer will keep 35% of any settlement. No surgical fix and Physical Therapy people said they were doing more harm than good. Insurance companies are in business to write policies and make money. Period. What is your left arm worth?
Sorry for the rant. Good weekend to all.
Goddamn! That was quite a wild run through the alfala patch there brother! Good weekend to you kind Sir!
I agree with you--kill all the useless lions.
I say kill anything that kills people.
Lions, tigers, bears, wolves, crocodiles, sharks...
If they want to keep them in a zoo, go ahead, but don't let them out.
Yeah, and asphalt and concrete the entire planet, leaving only Western sanctioned food animals alive.
And considering that people kill people, then kill all people in order to protect people.
You're way off base.
Tear up all the concrete and asphalt.
Consider the millions of acres of arable land to be made available.
Eliminate world hunger.
That is a good rant.
Congratulations Zerhedge, you won! You know when the chickenshit media is trying to discredit you, you've done your job, and well.
Zerohedge ROCKS!
This ZeroHedger has a "tradition" of looking at the "Free" stuff section of Craiglist every Saturday morning just to see what people are throwing away. Mostly it is junk but I have done pretty well on some items. Well today I noticed something that started me to thinking about how I could make money on this trend and I'll need your help/advice. What trend do you see here? That is a lot of free pianos! I looked up pianos for sale in Minneapolis and even the shitty ones go for a couple of grand. So what am I missing here besides the fact that you need to move the fucking things but that can be managed. So OK, now you have a half dozen pianos in your garage but how can you make money from them?
I will be the first to admit that I don't know shit about pianos but some of you do know or may have even tried something as dumb as my idea so any suggestions would be helpful. I have a truck, two garages and a 300 lb Russian neighbor who likes free shit too so that part is not the problem. If I went and got all six of the damned things and consolidated them in one place who would buy them and for what price?
Manip,
I once had a top of the line accordion. I left it in the front seat of my car in the city one time. When I returnrd to my car, I noticed that my side window has been smashed. Another accordion had been thrown into the back seat.
When I look at that I see a trend of de-evolution of culture. People seem to be less appreciative of the arts these days. In addition, while it is a simple thing for you to move a half dozen pianos, most people cannot even fathom such a task in current times. If you don't believe me just ask your neighbor, you know, the guy in the skinny pants.
Some of those pianos would look really gorgeous sanded and stained a dark cherry (my preference I guess, I think dark stain always looks better and way higher dollar than oak etc) I have no idea about the market in pianos but if you pick them up and store them make sure you take every precation against rodents etc. Good luck.
I appreciate the comment. If you looked at the Craigslist link you saw what I meant. You are correct that the arts are dying. I was thinking that people have to move so often because they have trouble keeping work that they just do not want to deal with moving pianos around anymore. I won't store pianos because I have need no for them but at the same time they have to have some value if for the wood alone. Some of those were antiques and I think I see some mahogany in there but I can't tell from pics.
It is a bit of a social statement that so many pianos are for free.(not free because you have to go move the damned things) Many of those pianos have been on CL forever.
I would love to know how many people who watch CNBC actually have the volume turned on, it's probably about 12 people, who are about to lose their ass. These viewers are likely friends with the 6 CNN viewers.
DO YOU NEED A LOAN? HERE IS MY TESTIMONY ON HOW I GOT MY LOAN
Hello, Good day to everybody reading this,
My name is Elizabeth Forbes from United States. I want to thank Mr John Michaels who helped me to get a loan. For the past three months, I have been searching for a loan to settle my debts, everyone tried to dupe me of my money until I finally met Mr John. He was able to give me a loan of $10,000 USD. He can also help you. He has also helped some other colleagues of mine. If you need any financial help, kindly contact his company through email: aceloanservices@hotmail.com I believe he can help you. Contact him to get help just as he helped me. below are his words of encouragement to those seeking for a legit and honest private loan lender.
"Do you need a loan to pay off credits and debts? Do you need finance to set up your own business? Do you need loans to carry out large projects? Do you need college loan? Do you need funding for other various purpose? email: aceloanservices@hotmail.com"
Thank you for reading and good luck.
Yeah. There's also an asshole bubble in some circles.
He sounds pretty animated, must have had some high grade blow.
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