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Biderman Sums Up Europe's Problem In 30 Seconds

Tyler Durden's picture


After an extended and detailed rant against the BLS and their ineptitude, which is worth watching in its own right, Charles Biderman (CEO of TrimTabs) sums up Europe's troubles and hopes in 30 seconds. Towards the end of the clip, Biderman notes that Monsier Hollande is saying that governments should borrow more money so they can give more money to more people and THAT will create economic growth. Instead, Charles sees Europe sliding down a slippery slope faster and faster with no end in sight.

The initial BLS rant is worthwhile but from 3:45, Biderman bashes Europe's hope...


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Tue, 05/08/2012 - 10:50 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

I >heart< Biderman

Tue, 05/08/2012 - 10:54 | Link to Comment SilverTree
SilverTree's picture

The whole thing is falling apart. 

Tue, 05/08/2012 - 10:54 | Link to Comment Pladizow
Pladizow's picture

What, the BLS #'s are shit?

Man, perhaps gold & silver are manipulated!

Tue, 05/08/2012 - 11:03 | Link to Comment Dead Canary
Dead Canary's picture

I'm shocked, SHOCKED I tell you!

Tue, 05/08/2012 - 11:17 | Link to Comment Muppet Pimp
Muppet Pimp's picture


Tue, 05/08/2012 - 11:04 | Link to Comment Town Crier
Town Crier's picture

I love his occasional little chuckling sounds.  I could watch him just for that.

Tue, 05/08/2012 - 12:03 | Link to Comment XitSam
XitSam's picture

"But nooooooo!"   LOL

Tue, 05/08/2012 - 10:51 | Link to Comment kato
kato's picture

Wish he would not wear those shiny shirts: makes me think he just came from directing a porn movie over in the valley.

Tue, 05/08/2012 - 10:53 | Link to Comment Popo
Popo's picture

I believe they're hugh-heffner style pajamas.  

Tue, 05/08/2012 - 11:00 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Clearly you are not California worthy. :)

Tue, 05/08/2012 - 11:14 | Link to Comment carbonmutant
carbonmutant's picture

We're serving Chardonnay in the hot tub...

Tue, 05/08/2012 - 19:09 | Link to Comment hardcleareye
hardcleareye's picture

Actually there are similarities between skanky porn and the BLS numbers....

Tue, 05/08/2012 - 10:50 | Link to Comment Stoploss
Stoploss's picture

Looking a little flashy crashy here.


Were about to find out.

Tue, 05/08/2012 - 10:53 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

He should stick with the theme: BLS.

Europe in a sound bite form is the epitome of simplistic journalism.


Tue, 05/08/2012 - 10:56 | Link to Comment Dr. Engali
Dr. Engali's picture

Charles , Charles, Charles.....I love ya brother ( not like until death do you part man love but , but like a bother in this insanity)  but you can't expect TPTB to let facts muddy up the picture they are trying to paint.

Tue, 05/08/2012 - 10:56 | Link to Comment Dapper Dan
Dapper Dan's picture

I think someone is selling their stock today.  Is there some sort of sale going on today? I wish I would have known in advance.


Tue, 05/08/2012 - 10:57 | Link to Comment Jason T
Jason T's picture

stand up and show some respect.. I can't get enough of that one.  lol   ..referring to the golden dawn press conference.

Tue, 05/08/2012 - 10:57 | Link to Comment Pegasus Muse
Pegasus Muse's picture

Nice geraniums, Charlie.  Yours are doing better than mine.

Tue, 05/08/2012 - 11:02 | Link to Comment Zero Govt
Zero Govt's picture

"Biderman Sums Up Europe's Problem In 30 Seconds"

How about one word... Government


Tue, 05/08/2012 - 11:29 | Link to Comment Dr. Engali
Dr. Engali's picture

I'll throw in two more....the fed.

Tue, 05/08/2012 - 12:24 | Link to Comment sgt_doom
sgt_doom's picture

Negative, Biderman is confused about Hollande, who is simply saying that debt financing is NOT ONLY the province of the ultra-rich, but should benefit the people as well.

Europe's problem is exactly the same as America's:

The ultra-rich believe only they should benefit from debt financing, while pushing its outcomes onto the backs of the people ---- the people should also benefit from debt financing, after the ultra-rich have rigged the markets and melted down everything!

Tue, 05/08/2012 - 11:02 | Link to Comment Börjesson
Börjesson's picture

Why is it that some commenters, like the bland and quite frankly boring Biderman, or the meaningless Rosenberg, or the uneven but occasionally insightful Art Cashin, always get such a favourable and "one of us"-style presentation here at ZH, no matter how rambling or uninteresting the things they have to say?

Tue, 05/08/2012 - 11:15 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Those commentators stick with the narrative bias that pervades.

Tue, 05/08/2012 - 12:04 | Link to Comment Debt-Penitent
Debt-Penitent's picture

Personally, I love to watch Hugh Hendry and Mark Grant's wry cynicism and how with nonchalance, they eloquently bash their interviewer's status-quot ideals with hard facts.

Marc Farber is more than entertaining too.

Tue, 05/08/2012 - 20:54 | Link to Comment DanDaley
DanDaley's picture

Börj...sounds like you got ahold of some bad lutefisk, man.  Skol.

Tue, 05/08/2012 - 11:03 | Link to Comment Kasperfx
Kasperfx's picture

i woulden't stop at the BLS#'s were now living in fairtail gov statistics land.. 


Tue, 05/08/2012 - 11:04 | Link to Comment UTICA CLUB XX PURE

Imagine being 15 years old [MY SON] and watching all this transpire. Then taking your at home on the farm salary from me in the form of junk silver coins. What are the young people of America to believe in or hope for??? We fucked it all up for them...

Tue, 05/08/2012 - 11:36 | Link to Comment WSMassiv
WSMassiv's picture

They are all mostly ignorant as to what is actually happening. (As they shoud be.)
If you educate him as to what is going on, then you are at least affording him something that you did not have: A choice.

This is a huge positive anyway you slice it.

Tue, 05/08/2012 - 11:08 | Link to Comment Vince Clortho
Vince Clortho's picture

Ministry of propaganda and hopium.

Tue, 05/08/2012 - 11:17 | Link to Comment cdude
cdude's picture

Love the Ralph Kramden "...but, noooo" @ 1.48. 

Tue, 05/08/2012 - 11:17 | Link to Comment Lord Koos
Lord Koos's picture

Actually compared to bailouts, handouts do more to help the real economy... just sayin.

Tue, 05/08/2012 - 11:17 | Link to Comment Reptil
Reptil's picture

smirk 3:33 LOL

Tue, 05/08/2012 - 11:22 | Link to Comment Keith Piccirillo
Keith Piccirillo's picture

Charles Biderman reminds me a bit of Lewis Black in his elucidation.

Tue, 05/08/2012 - 11:26 | Link to Comment Snakeeyes
Tue, 05/08/2012 - 11:39 | Link to Comment kridkrid
kridkrid's picture

It is about debt, but not in the way that the cheerleaders for austerity believe... not in the way the author of your link sees things.  Austerity isn't a solution... it's a faster route to collapse... which isn't a bad thing... but it isn't a solution.  The problem isn't that debt crowds out growth... the problem is debt IS growth.  Virtually all "Money" is debt, loaned into existence, with interest.  The system doesn't contain money to pay both the principle AND the interest, so MORE DEBT must be generated.  It's a PONZI scheme.  Our entire financial/monetary system is a lie.  Within that context, austerity doesn't solve anything... it simply starves people a lttle longer until the final collapse can occur.

Tue, 05/08/2012 - 15:07 | Link to Comment TWSceptic
TWSceptic's picture

Not true. Debt can be paid back, it's a conspiracy that it can't be. All you have to do to reduce debt (and eventually get rid of most of it) is increase your production and lower your trade deficit. Then become a creditor nation again. If you do that for a long enough time, you will see your debt disappear. The problem is, governments are stupid and are doing exactly the opposite of what they should be doing.

Also austerity does help, reducing spending is the first step towards a solution. But governments don't even want to take that first step. And that is why there will be a collapse. So you got it completely backwards.

Tue, 05/08/2012 - 15:48 | Link to Comment kridkrid
kridkrid's picture

You don't understand our monetary system.  Most people don't.  You are stuck on a level of observation.  Everything you have said sounds very logical, and in silo, what you have written is true... but not across the entire monetary system.  It is aggregate debt that MUST expand.  Government debt is only a piece... and is usually the red herring used to keep people distracted as the banking oligarchy fleeces the world.  I'm not sure what TW stands for, but you need to take the rest of your handle to heart and reexamine how debt/credit money and fractional reserve banking works.

Wed, 05/09/2012 - 08:44 | Link to Comment TWSceptic
TWSceptic's picture

I know the theory, I've seen the documentaries. In a sense you are right, on a global scale your theory is right. On a national scale not so.

Wed, 05/09/2012 - 09:32 | Link to Comment kridkrid
kridkrid's picture

Don't fall into the trap of thinking of this as a "theory".  This is not a theory... it's simply the mechanics of our monetary system.  It's the combination of fiat money, fractional reserve banking and usary.  Don't rely on the documentaries... research what the fed itself has to say on how money is created.  I think the number they use is 99% of money is created in this manner (i.e. the creation of a lon). - here's a good reference from Chris Martenson

Tue, 05/08/2012 - 11:43 | Link to Comment Tenshin Headache
Tenshin Headache's picture

It's getting serious. Time to lie.

Tue, 05/08/2012 - 11:47 | Link to Comment kahunabear
kahunabear's picture

Hmm, borrowing to give to people to stimulate the economy, where have I heard that before?

Thu, 05/10/2012 - 06:32 | Link to Comment luckylongshot
luckylongshot's picture

With official unemployment figues in America showing around 10% and actual numbers being around 23% how can anyone still take any official government figures seriously?

Sun, 05/13/2012 - 23:33 | Link to Comment qiongqiong
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