Art Cashin Comments On Today's Crash: "The Fed Will Try Anything"
"The Fed will try anything," warns Art Cashin, calmly explaining that markets "are in 'deep concern' mode," currently and if the S&P hits 1857, "there might be another whole new round of selling." The Fed's solution, Cashin stoically explains to a dumbstruck CNBC anchor, that "it doesn't matter that it hasn't worked in the past," The Fed will unleash moar QE to save the world.
The venerable Art Cashin unleashes some rather uncomfortable truths and no one dares disagree with him...
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"If it didn't work the first time, do more of it" - J. Yellen
4. War!
Oceania has always been at war with Eurasia.
Big brother Janet is watching.
Simon hobbs,"dumbstruck CNBC anchor" Well you would be dumbstruck if your brain has suffered chronic traumatic pounding from the multiple penis strikes to the back of your throat. Do has CTE.
CNBS asshats looking for Cashin to explain how this will turnaround. But, but...it won't you dumb fucks. Party's ova.
My financial freind is now telling me he thinks gold may take off this year for real as the Fed panics. "Fear is a strong gold driver," he said.
He might be right. It'd be nice to see gold at $3,000 and silver at $150.
that recording was awful...
NIRP
NIRP NIRP NIRP
NIRP NIRP NIRP NIRP NIRP NIRP
Yellen's NIRPles are ROCK HARD right now.
"We are all Cassandra now"
"Cassandra was left with the knowledge of future events, but could neither alter these events nor convince others of the validity of her predictions"
"one can see the most likely outcome of current trends and can warn people about what is happening, but the vast majority can not, or will not respond, and later if catastrophe occurs, they may even blame you, as if your prediction set the disaster in motion"
See, so we were off by three months, so as far as the sheeple are concerned, we were wrong, and we are just as shocked and surprised as everyone else at this crash. The fact that we have been warning people for 5+ years somehow detracts from our credibility because: "Why aren't you rich then?"
Thanks for pointing out the Cassandra Metaphor. It is the story of my life these days.
From Wikipedia:
"The term originates in Greek mythology. Cassandra was a daughter of Priam, the King of Troy. Struck by her beauty, Apollo provided her with the gift of prophecy, but when Cassandra refused Apollo's romantic advances, he placed a curse ensuring that nobody would believe her warnings. Cassandra was left with the knowledge of future events, but could neither alter these events nor convince others of the validity of her predictions."
PURPLE!
After this falling knife is over in stocks, it will be a good time to buy the dip.
When the Fed reverts back to ZIRP, and launches another round of QE, stocks will soar again.
Don't panic and let doom thinking take the best of you. I know preppers still in credit card debt from buying silver at $40 and buying canned food (now expired) 5 years ago.
See this as an opportunity.
You go for it.
I will not sell my soul even if somehow it did turn around.
You celebrate FRAUD AND CORRUPTION, institutionalized theft. You are complicit and compliant and support the murder of infants in order to garner your wealth.
I will not participate in that. I have not an idea on how you can look at yourself in the mirror.
The denial of the monster that you are must be overwhelmingly strong.
You support your Government and the murder of innocents in which it has been involved as Financial support IS SUPPORT.
I know who you are BEAST.
Cautious optimism will not be tolerated on this site!!
i measure my own corruption by the dissonance i feel comparing the advice of tall tom and the9thdoctor
LEGION!
QE to infinity. And then - to borrow from Tyler's catch-phrase - "On a long enough timeline, the survival rate for every fiat currency drops to zero."
Barry is not going to let the market tank during an election year and he'll spend your money, your childrens money and your grand childrens money if he has to.
Just wait until President Sanders starts his shit.
He already has!
Arrest those non-believing short sellers!!
and then turn those machines back on!!!!
Climate change!
http://www.breitbart.com/big-government/2016/01/15/climate-alarmists-inv...
cashin plays the 'role' of the level headed veteran trader to perfection. he never reveals his positions--plays devils advocate and he's there for the tv dollars
5. Negative Interest Rates
6. Cashless Economy
7. Trade War
Taking the froth off the market...about time...waiting for those $1m one bedroom condos in SF to drop back to $500k.
how about $100K? but, then you wont have a job. this whole game is loaded so that when there is a crash---only the .1% will benefit.
if your current salary cannot afford an SF condo....better think about relocating or living in a very small space , for a very long time.
[Big] Postal rate increases start this January 17th ...should be a real shot in the arm stimulus for our economy!
... oh, wait a second....
I live off the governments tit while I sell drugs that come from a pilpeline of illegals...I'm fine. If need be I'll expand my LOS's to prostitution, human trafficking, murder for hire... (Just kidding of course).
I have put cash aside so if the shit hits the fan I should be ok. Plus, I have never depended on anyone for a salary. I don't think the world is going to end. I think we might go through a tough recession but in the end the people will demand the government do something and since progressive policies continue to fail they will try something new...like shrinking government and debt and stimulating growth and jobs through lower taxes and innovation...this is long overdue...once we hit the bottom we can start making the most of the opportunities in front of us. While the world is mired in debt we go no where; we shed debt and we can start growing again. Also, I think this time the corrupt bankers will be found and held accountable.
Optimist. The math is what it is.
You cannot "shrink" something that the majority of people (including all those fat government contractors) have come to be dependent on.
Supply chains will break (look at international shipping), despite all the propaganda saying everything is awesome, the shelves will slowly (at first) turn bare.
The oil "glut" you keep hearing the talking heads going on about is less than a month's supply.
Want to know what happens next? Do some research on the collapse of the Soviet Union, we are all heading the same direction as that which cannot be sustained won't be, period.
They can shrink themselves whe paying the freight is no longer a possibility. In the end if you can't pay the bill you have to cut spending. If you're smart enough you change your spending patterns and perhaps change jobs or get a second job. Our economy is no different. The writing is on the wall if we don't make changes. There will be an easing from government welfare while new programs to stimulate growth (specificall on Main Street) take effect. All this doom is just about hoping the systwm will implode. That's not going to happen unless there is a big fucking black swan that no one knows about that rears its ugly head...and even then all the central banks of the world will work together to keep things going as they know how bad the alternative would be..can you say Mad Max?
Look, I am a farmer in a large consortium of farmers, many, like me, are Veterans. We are very well armed and have already been talking about what will happen. Most of us carry NO DEBT. You don't get it. At some point, you physically cannot deliver your products (in this case food) because the real margins/resource simply are not there. We will defend our territory and feed ourselve. As I said most of us have killed before have no problem killing again.
Governments and central banks can "mandate" all the shit they want, but they cannot expect real producers to produce what isn't there to begin with. Look for Texans to lead a constitutional convention. Many of us will be just fine. All the overcrowded blue states on the East coast can fuck themselves. Many states out west already have nukes and most of the U.S. military is from the south anyway. History is very clear on how this shit always shakes out.
Time to cull the fucking herd.
same as it ever was.
Oh no... You are wrong about that. When the market crashes, it doesn't mean they will admit the economy needs reform. Let alone laws, or the enforcement of laws (which is the real problem, its not a case of needing more laws).
It will be blamed on speculators (any one who sold short at any time, esp. bank stocks), hoarders (anyone who bought gold or silver, physical), China, ISIS...
The middle class will be blamed for reduced benefits to the even poorer, and BOOM, civil war. America splits into 5 or 6 'united states'.
A hopelessly corrupt government is I dare say, incapable of creating economic reform. The problem is deeper than the economy. Obama's painful-to-watch yet laughable SOTU hints at how bad things really are. I don't think "blame the specs" will be a meme this time. This time issues will be laid bare, the result of which will be military action inside the US. I do agree that the US will not be a union in the future, the only question is timeline. The Great Unraveling is happening right now for sure. Although it could happen at any time, my guess is that US will be full-on Crisis mode within the next 5 yrs or less. And the union will cease to exist before 2030.
Never underestimate the power of printing money to hold off collapse.
There are still trillions of dollars to steal using the printing presses. Lots of time still needed to pauperize the lot.
and they will blame the specs, the hoarders, the profiteers, the merchants and all the same boogeymen that the Bolsheviks always use to persuade the teeming masses of ignorant fucks looking for a free piece of something. The dumbasses never do figure out that they are nothing more than disposable tools used to wrest power. Then they will be discarded as useless relics of the past.
8. Gold and Silver
9. Brass and Lead
10. Non-GMO seeds> You eat, everyone else starves.
Lots of potatoes man.. nobody steals your potatoes in the middle of the night with a flashlight, and they store all winter...
What about Barry O. the spud burglur?
feds plan to save the economy:
1) Gather underpants
2) ?
3) Profit
Wha...what? There is nothing to save, everything is awesome!
Yes! Keep holding until you jump out the window!
Sounds like this Cashin fella is peddling fiction.
Oil is headed for $16/bbl which is Iranian marginal cost of production. That's the center of the deflationary vortex.
The Federal Reserve's experimental incompetence is ruining American lives. They must be stopped.
Wont happen while the "Bagdad Bob" media is distracting the population from the real problem. This fucker will have to burn to the ground before the pitchforks come out, and even then the wrong people will get pitchforked.
Yep... The toughest thing will be NOT telling people "I told you so".
And when you don't, the media will offer up a much more palatable explanation to the people.
"Its short term."
"Its nothing to worry about"
"The top experts are on it"
You think they will point the finger at Wall St billionaires or the Fed? LOL. Hell, the multimedia companies are complicit in this propaganda. They ARE very much a part of the problem.
Think they will see it that way???