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"Everything's Crashing"
The writing has been on the wall for a few days/weeks, but it appears a combination of global FX and equity turmoil and domestic corporate debt market collapse is finally starting to roil US equity markets. The Dow is down over 600 points in the last week or so, bond yields are collapsing, the USDollar is tumbling, crude is crashing, and junk bonds are in free-fall.
As expected in the aftermath of the Third Avenue gating (and as previewed weeks and months ago) Junk debt is getting destroyed:
And stocks are catching on:
The Dollar is getting dumped:
But crude is still carnaging:
And traders are rushing into bonds for safety:
And bidding paper gold...
This won't end well:
Remember, a 25bps rate-hike means up to $800bn of liquidity withdrawn from markets. That is starting to get "priced-in."
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good
Bad news for Deutsche Bank
http://www.goldsqueeze.com/home/deutsche-bank-something-is-seriously-wrong
Golden shower for DoucheBank.
One week out from Fed meeting and the market once again throws a tantrum.... nobody could have seen this coming.
Time to que the PPT...
Bu... Bu... But..... How are we going to raise interest rates when.....
Oh, fuck it! Who has a Bong?
"Everything's crashing"
...except Bitcoin, which stubbornly keeps going up.
Raising interest rates over here boss.
Crash, schmash.. the big news is that Dow and Du Pont are merging in a $130B mega-deal,
Nice distraction.
They will buy it back..
Remember, it’s bonus season.
Nothing has 'crashed' until 400PM strikes, then we'll talk
Exactly, FED to the rescue in 1,2,3 ...
Eh, no worries. Market just had Chipotle.
Or Taco Bell?
The best time to leave: "Just before the bullets fly!"
Hillary and her crystal ball: Some 'splain to do?
U.S. Democratic presidential candidate Hillary Clinton said on Friday that world financial markets have "already processed" a possible interest rate hike by the Federal Reserve.
"The Fed has been signaling this for a very long time if they do make this decision by the end of the year ... I think the markets in the U.S. and the world will have already processed that and they have laid out what criteria they think should be applied," she told reporters after a campaign event. Dec 4 (Reuters)
http://www.ibtimes.com/hillary-clinton-says-markets-have-already-process...
But she's broke, so, you know, don't listen to her. She's had it real hard since they left the white house.
Can we speed this up, please?
My coffee is getting cold.
Let's fast-forward to the excuses and explanations, with the video of riots playing in the background. I have my ipod set to cue "Yakkity Sax" for that part.
Phil Collins while you wait:
"In The Air Tonight"
I can feel it coming in the air tonight, oh LordAnd I've been waiting for this moment for all my life, Oh Lord
Can you feel it coming in the air tonight, oh Lord, oh Lord
Well, if you told me you were drowning
I would not lend a hand
I've seen your face before my friend
But I don't know if you know who I am
Well, I was there and I saw what you did
I saw it with my own two eyes
So you can wipe off that grin,
I know where you've been
It's all been a pack of lies
I was addicted to the hokey pokey until I turned myself around...that's what it's all about!
Who let the dogs out
{Woof, woof, woof, woof}
{Woof, woof, woof, woof}
{Woof, woof, woof, woof}
{Woof, woof, woof, woof}
Who let the dogs out {woof, woof, woof, woof}
Who let the dogs out {woof, woof, woof, woof}
{Woof, woof, woof, woof}
When the party was nice, the party was bumpin' {Hey, Yippie, Yi, Yo}
And everybody havin' a ball {Hah, ho, Yippie Yi Yo}
Untill the fellas ": start the name callin': " {Yippie Yi Yo}
And the girls respond to the call
I heard a poor man shout out
Who let the dogs out {woof, woof, woof, woof}
Who let the dogs out {woof, woof, woof, woof}
Who let the dogs out {woof, woof, woof, woof}
Who let the dogs out {woof, woof, woof, woof}
I see ya' little speed boat head up our coast
She really want to skip town
Get back cruffy, back scruffy,
Get back u flea infested mungrel
{Woof, woof, woof, woof}
{Woof, woof, woof, woof}
{Woof, woof, woof, woof}
{Woof, woof, woof, woof}
I'm gonna tell {Hey, Yippie, Yi, Yo}
To any girls calling them canine {Yippie, Yi, Yo}
Tell the dummy "Hey Man, It's part of the Party! " {Yippie Yi, Yo}
You put a woman in front and her man behind {Yippie, Yi, Yo}
Her bone runs out now
Who let the dogs out {woof, woof, woof, woof}
Who let the dogs out {woof, woof, woof, woof}
Who let the dogs out {woof, woof, woof, woof}
Who let the dogs out {woof, woof, woof, woof}
Say, A doggy is nuttin' if he don't have a bone
All doggy hold ya' bone, all doggy hold it
A doggy is nuttin' if he don't have a bone
All doggy hold ya' bone, all doggy hold it
Wait for y'all my dogs, the party is on
I gotta get my girl I got my mind on
Do you see the rays comin' from my eye
What could you be friend
That Benji man that's breakin' them down?
Me and my white short shorts
And I can't seek a lot, any canine will do
I'm figurin' that's why they call me faithful
'Cause I'm the man of the land
When they see me they do: ah-ooooo (howl)
Who let the dogs out {woof, woof, woof, woof}
Who let the dogs out {woof, woof, woof, woof}
Who let the dogs out {woof, woof, woof, woof}
Who let the dogs out {woof, woof, woof, woof}
I'm so excited, I just can't hide it,
I'm about to lose control and I think I like it.
I'm so excited, I just can't hide it,
I know, I know, I know, I want to.
(I know, I know, I know, I want to.
I know, I know, I know, I want to.
I know, I know, I know, I want to.)
This will seperate the men from the boys......slogan for 2016 - "All aboard the pain train, population everyone, please have your tickets ready."
Dead Soul Tribe "I'm not waving"
I'm not waving to you
I'm drowning
And I hope for you to see
I'm not waving to you
I'm drowning
So why you waving back at me
I'm so tired of fighting the waves
I feel like going down
So desperately trying to be saved
Lend that hand your waving
Pull me aground
As I'm calling out to you
I wonder
Why my cry ain't getting through
Then a thought came to me
As I'm going under
Maybe you were drowning too
I'm caught in a tide of dismay
That I cannot defy
There's something you're trying to say
Now I know you're waving
Waving goodbye
So many waves
So many waves
So many hands are waving
So many hands are pulling me down
Below
My tears
Raining so long
Keep on crying
Keep on crying
Keep on rising
Keep on rising
Great song. Riffs off a poem by Stevie Smith in the early '70s, "Not waving but drowning". Amazing short poem, one of my faves. This has nothing to do with the topic so I'll shut up about it now but when I saw you posted the song, couldn't help but mention the original which I've loved for years!
Nobody heard him, the dead man,
But still he lay moaning:
I was much further out than you thought
And not waving but drowning.
Poor chap, he always loved larking
And now he's dead
It must have been too cold for him, his heart gave way,
They said.
Oh, no no no, it was too cold always
(Still the dead one lay moaning)
I was much too far out all my life
And not waving but drowning.
It does seem kind of a fitting dirge for the 'western' economies, doesn't it. Everyone thinks it's a party, dive on into the markets, the water's fine! and everyone thinks they're all partying and larking it up, and waving right up until suddenly they drown.
ZH anthem:
That's great it starts with an earthquake
Birds and snakes and aeroplanes
And Lenny Bruce is not afraid
Eye of a hurricane, listen to yourself churn
World serves it's own needs, dummy serve your own needs
Feed it off an aux speak grunt no
Ladder with a clatter fight, fear flight down height
Wire in a fire representing seven games and a government for hire in a combat site
Left of west and coming in a hurry with the furies breathing down your neck
Team by team reporters baffled, trumped, tethered, cropped
Look at that low playing, fine, then
Uh-oh overflow, population common food, but it'll do
Save yourself, serve yourself, world serves it's own needs
Listen to your heart bleed dummy with the rapture and the revered and the right, right
Vitreolic, patriotic stand, fight, bright, light
Feeling pretty psyched
It's the end of the world as we know it
It's the end of the world as we know it
It's the end of the world as we know it
And I feel fine
EMINENCE FRONT
The sun shines, and people forget
The spray flies as the speedboat glides
And people forget, forget they're hiding
The girls smile, and people forget
The snow packs as the skier tracks
People forget, forget they're hiding
Behind an eminence front
Eminence front, it's a put on
It's an eminence front
It's an eminence front, it's a put on
An eminence front
Eminence front, a put on, eminence front
It's an eminence front
It's an eminence front, it's a put on
It's a put on, it's a put on, it's a put on
Come and join the party
Dress to kill
Won't you come and join the party
Dress to kill, dress to kill
Drinks flow, people forget
That big wheel spins, the hair thins
People forget, forget they're hiding
The news slows, people forget
The shares crash, hopes are dashed
People forget, forget they're hiding
Behind an eminence front
An eminence front, it's a put on
It's just an eminence front
An eminence front, it's a put on
An eminence front
An eminence front, it's a put on
Eminence front
It's an eminence front, it's a put on
It's a put on, it's a put on, it's a put on
Come and join the party
Dress to
Come on join the party
Dress to
Come on join the party
Dress to
Come on join the party
Dress to kill
Dress yourself to kill
Songwriters
PETE TOWNSHEND
Published by
Lyrics © SPIRIT MUSIC GROUP
Hey Chump
+1000
Nice Eye Candy
Sanne Mestrom plays at New York's Radio City Music Hall : Yackety sax
https://www.youtube.com/watch?v=TJh05vGdn0Y
A money immune from government printing or manipulation going up at a time like this. Fancy that.
<====== Icon is relavent.
I think you mean 'cue' or 'queue' but, yes, I agree with you.
DavidC
Cue as in cue a record to play.
Time to get out the `DEER IN HEADLIGHTS `pics
I'm damned amazed they've been able to keep it all propped up this long. Too bad that none of it actually did anything but make it worse. Not to worry though, the fat lady will be singing at the next FOMC meeting, so it's free unicorns for everybody......
Bush 43's presidency ended in a fucking economic collapse that was SOMEHOW branded a fucking recession, when it CLEARLY is not!
During the Great Depression of the 1930s, the unemployment percentage was nearly 25%. Listen, the approximate real unemployment (raw numbers, not adjusted) percentage, at the beginning of the "great recess" -- OOPS!!-- I mean the "Great Depression of 2008," was estimated to be between 15% and 20%!! Just because people "looking for work" are counted as the "unemployed," while people actively NOT looking for work are OVERLOOKED by offcial unemployment numbers, then the numbers are intentionally being skewed in favor of 'the message!'
Nothing is "allright" with this economy. The same exact patters that emerged in the 1930s, AND 2008, are reemerging again.*HEADDESK*
Now that it appears there is flight, it seems President Obama's term might end just like Bush 43's did, all those years ago. That is what happens when the oligarcs control politics, and politicians -- NOTHING gets changed. Instead, the mentality of "Never allow a good disaster go to waste" took over our financial system and government, and the Banksters were never, ever punished for their malfeasence due to the fact they had this nation's economy by the fucking balls. They'll get their bail-outs again... and they'll get their bail-ins, too: Wait for it.
You think Deutsche is bad news...I got some REAL BAD news for you....
With this week's major news that Anglo American (world's 5th largest mining company) will lay off 85,000 employees (about 67% of their employees) over the next 2-3 years as well as Morgan Stanley Bank laying off 1,200 employees in 1 day while Barclays Bank announced few days ago that they will lay off thousands of employees (they have already announced 19,000 job cuts) and these ones are in addition, the news is very sombre in every city/country around the world because ....things are very bad in the corporate world!
South Korea: Suicide Nation http://www.aljazeera.com/programmes/peopleandpower/2015/08/south-korea-suicide-nation-150827070904874.htmlGlobal economic situation is very grim and will get worse as more job cuts occur, as oil prices dive deeper, as all commodities keep dropping down and are now 70% to 80% down in iron ore, steel, shipping sector etc.
This is a worldwide phenomenon because we are so inter-dependent on each other. Except for very few pockets, most businesses, most cities and entire countries are in major trouble.
Demand destruction is occurring whereby most factories will shut down, currencies will plunge further, unrest and crime will keep rising along with suicides....
Unfortunately, the data is attesting to it. calgary suicides india farmer suicides rising suicides uk
There seems to be almost no hope over the next year or two....Almost nothing can improve this situation since money has finished globally and economic systems seem to be permanently damaged due to corruption, crime and permanent job cuts in all sectors ranging from retail, steel, cars, banking, tourism etc bringing the money flows to a grinding halt and thus making a bad situation worse. This is occurring at a time when global population keeps rising and most Govts are losing control over their citizens.....
Patricia Field Closing Her New York Store After 50 Years http://footwearnews.com/2015/business/retail/patricia-field-close-new-york-store-175023/Free money printed by most central banks around the world acted as a drug or a steroid for a while whose impact has now finished and the withdrawal symptoms have started henceforth.....
All matters mentioned below have occurred only in the last one month......
Anglo American cuts dividend and 85,000 jobs in ‘radical’ restructuring
http://www.telegraph.co.uk/finance/newsbysector/industry/mining/12038562/Anglo-American-cuts-dividend-in-radical-restructuring.html
anglo american jobs
Morgan Stanley to cut 1,200 jobs, take $150M charge
http://www.cnbc.com/2015/12/08/morgan-stanley-to-cut-1200-jobs-take-150m-charge.html
morgan stanley jobs
Barclays Bank Job Cuts: barclays bank job cuts
Barclays Said to Plan Further 20% Investment Bank Job Cuts
http://www.bloomberg.com/news/articles/2015-12-04/barclays-said-to-plan-additional-20-job-cuts-at-investment-bank
Meanwhile, around the world, entire countries are in trouble ranging from Thailand to Brazil and everyone in between.....
Thai Economy and Spirits Are Sagging
http://www.nytimes.com/2015/11/30/world/asia/thailand-economy-tourism.html?_r=2
Brazil is in a long term depression.: brazil economy depression
Brazil GDP Slips for Third-Consecutive Quarter
Recession worsens, with economic growth contracting 4.5% from a year before
Major US banks are now rated BBB with no major news media covering the same aggressively.
JPMorgan, BofA, Citigroup Among Eight U.S. Banks Cut by S&P
http://www.bloomberg.com/news/articles/2015-12-03/jpmorgan-bofa-citigroup-among-eight-big-u-s-banks-cut-by-s-p
More Atlantic City casinos may close, says Moody's
http://money.cnn.com/2015/12/01/news/companies/atlantic-city-casinos-moodys
Macy's will close more stores than planned
http://www.bizjournals.com/denver/news/2015/11/11/macys-will-close-more-stores-than-planned.html
American Apparel shutters NYC store in trendy neighbourhood
american apparel shuts nye store
City Sports’ buyer will close all stores
http://www.boston.com/business/2015/11/04/bdc-city-sports-buyout/rCRul6MfMbKkCZn3gkfChK/story.html
Target announces 13 U.S. store closures
http://money.cnn.com/2015/11/04/news/target-stores-closing/
Toys "R" Us will close iconic store at end of month
http://www.nj.com/news/index.ssf/2015/12/toys_r_us_will_close_iconic_store_at_end_of_month.html
In HK, both the economy and retail sales are plunging:
Rent crisis on Nathan Road: Hong Kong retailers say Burger King closure just the beginning of an exodus
http://www.scmp.com/news/hong-kong/economy/article/1885924/more-hong-kong-shop-closures-likely-say-retailers-after
Burger King franchisee shuts shop, leaving workers in distress
http://www.ejinsight.com/20151202-burger-king-franchisee-shuts-five-hong-kong-outlets/
Many retailers have left Singapore and now local chains are also closing.
Fashion label M)phosis' closure stuns Singapore designers
http://www.straitstimes.com/lifestyle/fashion/mphosis-closure-stuns-designers
Reasons may be different, but stores have also shut in Saudi
Pizza Hut, KFC closed in Saudi Arabia over health violations
http://www.arabianbusiness.com/pizza-hut-kfc-closed-in-saudi-arabia-over-health-violations-612330.html
Shops are closing in downtown Beirut in Lebanon which was party central for Middle East for decades!
Business in Beirut’s Central District struggles to survive
http://www.executive-magazine.com/hospitality-tourism/downtown-blues
Romania is also in the doldrums
Several bars, restaurants in Bucharest’s Old Town close down
http://www.romania-insider.com/several-bars-restaurants-in-bucharests-old-town-close-down/160513/
New Zealand is also not exactly booming
Air New Zealand Holidays stores closing
http://www.stuff.co.nz/business/industries/74162139/air-new-zealand-holidays-stores-closing
20 more Pumpkin Patch stores to close
http://m.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11551742
Major retailers, foreign banks, mutual funds etc are closing India as well
LVMH’s biggest watch brand Tag Heuer shutting its India office
http://retail.economictimes.indiatimes.com/news/apparel-fashion/luxury/lvmhs-biggest-watch-brand-tag-heuer-shutting-its-india-office/49991091
Iconic south Mumbai music store Rhythm House to shut shop in 2016
http://www.mid-day.com/articles/iconic-south-mumbai-music-store-rhythm-house-to-shut-shop-in-2016/16711154
Finland's Stockmann exits Russian department store business, shares jump
Read more at Reutershttp://www.reuters.com/article/stockmann-divestiture-idUSL8N13M0EI20151127#QeKPyD8xayVp3WR1.99
Why foreign supermarkets close shop in Tanzania
http://www.dailynews.co.tz/index.php/home-news/44083-why-foreign-supermarkets-close-shop-in-tanzania
Meanwhile, one of the largest truck markets in the world, USA, has lost 60%, sales...
North American heavy truck orders drop nearly 60 pct in Nov yr/yr
Read more at Reutershttp://www.reuters.com/article/north-america-trucks-act-idUSL8N13S0HQ20151203#dqCeA1FOTZwhCJeU.99
Hong Kong home sales plunge 41.7pc to record low in November
http://www.scmp.com/property/hong-kong-china/article/1885967/hong-kong-home-sales-plunges-record-low-november
Sales of new vehicles in Brazil plunged 33%.
Sales of new vehicles plunge 33.74 pct. in Brazil
http://latino.foxnews.com/latino/news/2015/12/02/sales-new-vehicles-plunge-3374-pct-in-brazil/
And in terms of growth, China is the only country still investing heavily.
China’s Investment in Renewable Energy Surpasses Europe, U.S. Combined
http://www.renewableenergyworld.com/articles/2015/11/china-s-investment-in-renewable-energy-surpasses-europe-u-s-combined.html?cmpid=renewable1222015&eid=319635636&bid=1246307
Dubai property transactions down almost 50% in some areas but signs of uptick
http://www.thenational.ae/business/property/dubai-property-transactions-down-almost-50-in-some-areas-but-signs-of-uptick
Dubaibanker - Yep. I call this the Big Shitty. Its the last half.of the shit sandwich and only the very, VERY wealthy will be immune. For my business most of 2015 already sucked. But I do have some hedges and live within means, business is a micro one these days but still dont wish any to suffer but it must correct so there is opportunity for the regular Joe again. 20% cannot support 80% pyramid and those 80% are the pillars are crumbling fast and hard now.
Thanks for sharing your situation Raging debate.
It is terrible that so many busniesses are struggling globally because the money flows have come to a halt, most people around the world are barely spending on cheapest goods possible just to survive. Whover has kids and extraordinary expenses, gets a shocker once they get laid off from a 'decent' 'stable' job or have no sales or losses in any form of business.
Only growth has been in China over the last 5 years and in certain IT areas. But IT cannot even possibly give 1% of jobs compared to what's being lost in the rest of the sectors.
In addition, IT companies do not pay taxes because it is very easy for them to avoid taxes due to global sales and using tax structuires more complicated than a knitted yarn! Previously, car, steel and steel companies etc paid their fair share of taxes.
Anyone who does not have cash savings will commit suicide, kill a few others and go into Nirvana stage or just walk around grim faced.....The future of our 25-35 year olds is very very grim....
I wish you well, stay afloat, hold cash and save as much as you can and keep your company expenses as low as possible and best of all try to adapt and change something in your business or do a small side business in a new field.........every single penny counts!
Try going on a vacation and take a break, outside the US, if you live there, because USD is so strong that every single country outside it is quite cheap to travel to! :)
Dubaibanker - Thanks for the reply. I am in Healthcare publishing. You offer some good advice. Have savings and a couple of long term contracts snd since my overhead is practically nothing (since I am a one man band) I should be Ok. My fiancee is an RN at a major hospital system and she can pay the bills if I go down. We live within means and my kids are grown.
I just bought a condo and I put up an ad on Craiglist to help me clean my old place for $100 for four hours of work. I got 8 responses in ten minutes, had to pull the ad. Shows how bad it really is out there. The guy who took the job tries to get two of them a day as he has five kids and a wife to support. He seems to live of coffee and sugar to get through the day. It reminded me how fortunate I am. I my research and planned in advance of these times but I was still luvky I had the time and mentality to do so.
As for vacation, well that will have to wait. There is a business opportunity a couple investors are going to fund so it is likely I will be ramping up my schedule for a good solid year. Maybe after that.
It's terribly sad to hear the example of cleaners in America for 25 bucks an hour! And so many! :( I wonder what Mcdonald's and Wal Mart employees think and do.....and those small coffee shops all over....
In healthcare publishing, may I suggest you to look globally. Most Govts worldwide are spending more on healthcare except US, India and a few others....
Rest of the world is spending enormously on healthcare and if you try some clicking on internet and approach say 10 people over the next 10 days and pitch something....you may have a contract or two...and you can always outsource some publishing locally out there while you provide the oversight and management expertise....If not now, perhaps later onc eyou get the new project done! Best of luck!
Not convinced governments are supposed to control their citizens.
You think so? What are passports, religions, marriages, false flags, police and military, Hollywood crap and TV and media all about?
These are all tools to control the masses so that they keep busy and do not try to rise above the level that they are not even supposed to hear about, forget about thinking and seeing it....
Ever seen the movie the Matrix?
Take the Red pill and follow me into the rabbit hole....:)
Took the red pill long ago. Sure, govts. do control the masses, but doesn't mean they *should* control them. Anyway, I think we are in agreement. Thanks for the world info on what is happening.
You *should* have used the word *should* previously! :)
Globalization...you gotta love it. What do you expect when you allow Islamist annilhilationists, progressives and anarchists to wield destructive power under the cloak of authority. They have to break a few eggs to make a perfect soufflé
As Dr Peter Venkman said, "Cats and Dogs living together ..."
That's one hell of a list. So the final crash is on. If I were Thailand or Indonesia or Malaysia I would just tell the Fed to stuff my US dollar debt and join the Chinese/Russian defense pact. The one way that this MF can finally be brought down is if the EM debt isn't dollarized. Right now, that is the only thing that is holding the dollar up.
Nice compilation of doomy data.
But I have one more data point to Counter your doomy scenario :)
There is a sector of commerce were Sales are RECORD HIgh ... both in the USA as well as in Europe ...
GUN SALES !!! now take that ! :)
That alone justifies a fed rate hike :) should be very very good for the Economy :)
Blame the Greeks?
Yeah that's a surprise.
"And traders are ruising into bonds for safety..."
Is that like jumping off the roof during a fire?
No, more like Grease meet Frying Pan...
Are you from Pendleton?
dow down 500 today? as it begins to price in deflationary depression littered with sovereign defaults. S. Africa?? Currencies .. owe debt in dollars?? You are @#$ed.
Let the fuckers burn.
NOPE. Not everything. That's hyperbole. The Nikkei is up. Now, everything ELSE is down. But not the Nikkei.
I'm hiding out in my safe haven investments: AMZN, NFLX and FB.
Bullish Nikkei
Fire in the hole! And that ain't just hot sauce shooting out your backside, Mr. Yellen. Time for a new pallet of Depends!
Explosive Fire-rhea?
That'll teach them damned vegans to sneak grilled chicken onto their salads!
Big fat cheater heads ;-)
They need to clean up their act...
repeated closures for health/food violations:
Link:http://www.seattletimes.com/seattle-news/health/seattle-chipotle-closed-...
and ecoli outbreaks...
The Peso's revenge
if you do not btfd then you are a fucking idiot. [/youtube video]
BRING IT!!!
https://www.youtube.com/watch?v=F02jDjl3m-4
That video never gets old.
FTSE below 6,000, DAX headed to 10,000, not looking good.
Food - check
Water - check
Metals - check
Leaky boat - check
Ready!
Don't worry, Vlad - oil prices will be higher than this in a decade!
If peak oil is real, even if we have a depression, it will take less time than that.
In a decade I don't imagine they will be selling oil any more than they sell rocket launchers. Meaning only to allied governments.
The Rob Kirby interview is interesting in that he's saying that the dollar under the surface is lacking support, as evidenced by a number of things including negative repo rates. If true, it's no surprise why Yellen is desperate to raise rates; this is existential and may mean the market 'gets it' to save the USD.
http://usawatchdog.com/blow-off-event-will-change-financial-universe-for...
the only good crash is a drunk congressman
Let's partition all the politicians
Mary Jo Kopechne would not agree.
Good to see you.
Happy Holidays
Tell the plants I said hello
thank God we're beyond peak oil. Prices will go up with a vengeance some day
sarc/off
Word is out. Oil is abiotic
Great for the yard turf!
Actually logged into ZH so I could post.
Yep.
Yes, unfortunately, the rate of regeneration is a problem...
...well, at least if you want to provide 7+ billion with a high standard of living.
Tell you what assfuck, why don't you be an example and go back to living in a cave.
Just in time for those well deserved Christmas bonuses.
Last night, I had a dream - I had an awesome dream. The stock markets tanked. Of course, even my dream featured dip buying, several times, throughout the trading day. Still, everything ended down about 20%.
Dreams do become reality sometimes, don't they?
Lapdog CNBC reporter: "So Senator Reid, what do you think should be done to stop this stawk mawkit sell off?"
Senator Reid: "I'm introducing a bill today to create a Stawk Mawkit Czar!!!"
Lapdog CNBC reporter: "And there you have it, you're government is on the case ladies & gentlemen! Back to you Steve Liesman."
(An hour long panel discussion of "financial & economic experts" ensues on the merits of a Stawk Mawkit Czar, concluding naturally, that yes, more manipulation is clearly called for.)
You know why they bury politicians 16 feet under ground? Because deep down, they're good people.
Heeeeyyyy-ooooooooo
[rimshot]
"Never buy a hot dog from the Buddha: He won't give you change. He says, 'Change comes from within.'"
(And now, for my next act, Ladies and Gentlemen......:)
Try the veal
That's Stawk Mawket Czaw!
Short gold and silver NOW!
are you fucking nuts?
Gold is catching a bid.
Silver is catching a 3 wood upside the head, as usual.
Hahaha! serve em right for voting in O-bomba
Regardless of the 2008 election Obama was installed as a distraction to the real plan of using Treasury and the FRBNY to loot the taxpayers of an initial $14 trillion in taxpayer equity.
Obama hasn't really done anything except keeping a high profile so that the PTB could keep a low profile while looting and pillaging on behalf of the FRBNY member banks.
What was our alternative? The magic underwear guy Mitt Romney?.....or was it that lunatic McCain?
Not true, Oblammy did many positive things:
1. Improved racial relationships
2. Fixed healthcare problem
3. Appointed great legal minds to important positions like Sotamayer and
Lynch and didn't do it for political reasons.
4. Just as promised got us out of all those wars
5. Made all prior Prez look great
6. Made all prior Pez look white.
Not true, Oblammy did many positive things:
1. Improved racial relationships
2. Fixed healthcare problem
3. Appointed great legal minds to important positions like Sotamayer and
Lynch and didn't do it for political reasons.
4. Just as promised got us out of all those wars
5. Made all prior Prez look great
you forgot something:
Sarc/on
There, fixed it for you.
you forgot something:
Sarc/on
There, fixed it for you.
O-bomba...destroyer of worlds ha ha ha haa...Someone should make a video game named that!
I haven't been near this market for 5 years but today I couldn't resist shorting junk bonds.
do yu use an etf to short this sector?
sjb
Ahhh shit. Get out before December 16.
you can't short junk bonds, only the squid can short junk bonds. they sell them to norway, then short the fuck out of them with synthetic doohickeys. what a scam.
Yeah I noticed some squid snot on my shares after I got them. Just can't get by that sucker.
imo you are front running blackrock so best of luck.
Keep calm...Capt. Jack Yellen will come to the rescue on the 16th!
Redemption...that will be the word used the most in the coming weeks, followed shortly by utterances of "I want my fucking money now...."
Can you say Margin Calls?
It looks like a mega hissyfit is in progress. The market is yellen at yellen today.
the market. lulz
that's a good one judge! [/bishop fred pickering]
I guess I should have said the squid is inking at yellen today.
You know, I don't have a clue as who to believe. Everybody and I mean everybody has a different story.
Fuck this, I'm going to the deep South Pacific and I am taking fucking guns with me.
Good luck, Godspeed, I'll see ya'll on the other side.
Say hello to the skipper and Gilligan for me. Tell Mr. Howell he still owes me money. Tell Ginger and Mary Ann I haven't forgotten. But tell them seprately for me.
BTW... Ginger or Mary Ann?
Mary Ann. Ginger is too high maintenance and has been shacking up with Mr. Howell on the side so she can upgrade her jewelry at the expense of Mrs. Howell.
<Mary Ann
<Ginger
Never trust a Ginger.
Mary Ann. I worry about that mole on Ginger
Since 10% of our currency is in Physical form, you better be the first 10 out of 100 thru your banks front door. Better get some Gold/Silver Bullion while you still can. Better HURRY!
First out of the bank is a great idea. Gold and Silver is bad as we are in deflation and they will fall much faster than physical dollars.
Even if the latter is true, how long would you expect such a gold\silver crash to last ? My phyzz is sooooo much safer than paper GLD\SLV and it ain't in the crooked bank.
Gold went up 70% during the great depression, and they weren't printing dollars like they are today. You go hold your greenies and see how far they get you.
The best and safest thing to do is to get your money out of the banks. Cash in hand will be worth a lot as digital money can be quickly restricted and confiscated. The only thing you get from a bank today is merely a relatively safe place to put money to keep it out of the hands of gun toting criminal perpetrators. However, that does not mean the money will be safe from the criminals who are running your bank and using your money to make all kinds of bets on commodities and derivatives.
By the way, FYI, they made those bets and lost big time. They are just hiding the losses just like Enron did.
My "money" isn't kept in a gun free zone...so bring it
Pray the collapse comes on as hard and fast as possible, that way any bullshit measuers taken by the gov't can be seen for what the are. Such as "gun control for our safety".
One of these morings the headlines are going to read "the economy collapsed overnight" and many dumbasses will actually believe that. Man, that musta been a bad night last night!
That drop in the HYG and JNK this morning was heart stopping. Wow. Someone went belly up on that move. Also, crude is pretty much bidless. We've broken through 2008 lows and it's a big bottomless pit out there. How equities are staying this high is a mystery. They can't float at these levels for much longer. The downdraft in credit and commodities will pull everything down. And....emerging markets...wooooow. It's really bad out there. Really really bad.
Of course, we could just be setting up for a big xmas rally and praise santa headlines.
Santa Fed is coming to town in his helicopter to rain down bushels of cash for all the good boys and girls and girlboys.
Serious question: Is it possible the banks are now long the dollar, now wishing to Buy (discounted) Treasuries for the yield, as opposed to lending into an economy with no marginal returns? The Fed does as the Banks want.
You ask a serious question and I am no expert, but...
You act as if the banks are normal entites that operate on what they call "fundamentals" around here, as if the banks are marking the value of their assets to market and are required to do so, as if supply and demand are determining the value of anything, as if it is not all sheer manipulation, as if the collapse has not already taken place and everything is an effort to hide this fact while the looting goes on.
You seem so innocent.
Well, the 10Y had a huge rate drop today. Others are saying the PPT will intervene. Let's wait and see. One thing is for sure, the US dollar is not long for this world.
What is that hissing sound?
The air going out of the tires?
Who is that screaming "I'm melting, I'm melting, ahhhhhhhhhhh!"
A small gnomish woman with a bad bowl shaped haircut? How peculiar.
There is crude, the financial proxy, in the 35s, with $999 Au and $12 Ag just days or weeks away, on their way even lower: Let's see the long 'n wrong equity crowd try to run and hide from the oncoming worldwide collapse in commodities, trade, credit and consumption:
http://m.investing.com/commodities/
PPT suiting up.
Markets green or close to it by the end of the day??
Huge reversal by noon....Green easily.
it's in the bag. the zh effect strikes again.
VOLATILITY S&P 500:
Thursday August 20: 19.14
Friday August 21: 28.03
Monday August 24: 40.74
Thursday December 10: 19.34
Friday December 11: ?
Monday December 14: ????
August reloaded?
Were Doomed!
https://www.youtube.com/watch?v=uqALm_rmM1g
WTF on WTI?
A smidge over 1% down and this is a CRASH? Good grief.
No worries mate. The European 'leadership' is priming the pump for war by flooding Europe with muslims as we head in to winter. Where are those folks going to live, and since the POPO over there hava a hands-off order, I guess they'll live in whatever place they damn well please. Plus all the stuff with Turkey, Russia, etc.
Even the Krugman's of the world know in their heart of hearts the debt bubble either has to burst or a large scale war needs to occur to 'fix' things.
The war option is being fed and nurtured as we speak. 2016, the year Europe burns.
Are Europeans going to burn Muslims for heat?
The West has already bombed Syria...
I think the US and Russia killed off all the intelligent Europeans in WWII, the stinking Muzzies will finish the job.
Cascading Effects of Bankruptcy: paper .pdf
http://arxiv.org/pdf/1002.1070.pdf
Silver getting hammered
At 9 AM on the dot someone dropped 110,000 contracts on a sleepy market. In one minute.
This is 550 MILLION oz of paper. 60 seconds, an infinity to an algo.
It's a policy tool. I can't wait for the day they finally run out of steam and get their faces ripped off.
I will use them to make a festive table cloth for the family room.
Well, silver might because it is consider an industrial metal. But you know in the world of silver, a drop of 1.38% is pretty meaningless.
Except that all those "little" 1% drops add up. That's how silver dropped from $48 to $13 the past couple years.
Turned on the radio this morning. The station was playing Christmas music during an erectile dysfunction commercial. The end is near folks!
'Chest nuts roasting on a open fire....'
"...Jack Frost jizzing in your nose."
wake me when gold hits $1300
A toilet paper shortage next week is a possibility. But, whatever you do - don't withdraw all of your money from the ATMs this weekend.