• Sprott Money
    05/26/2016 - 05:58
    How many “emergency” “secret” meetings do the central planners around the world need to have before the citizens of the respective countries begin to fully understand and take notice that something...

Black Friday Arrives: Biggest Weekly Move In 30 Year Bond Since Black Monday

Tyler Durden's picture




 
0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 09/23/2011 - 09:04 | 1700644 Careless Whisper
Careless Whisper's picture

The Careless Whisper Morning Report

 

 

Union Thinks Workers Should Be Paid More To Put Bolts On Fords Than Chevys

http://www.detnews.com/article/20110923/AUTO01/109230390/UAW-wants-riche...

DOE No-Bid $1 Mill To Lazard For Bankruptcy Advice On Solyndra Months Before Filing

 http://www.washingtontimes.com/news/2011/sep/22/bankruptcy-scenario-play...

Fox News Pulls Debate Poll From Internet After Ron Paul Winner With 42%

http://www.foxnews.com/opinion/2011/09/22/who-won-debate/

50% Of LA Deputy Shootings Against Unarmed Citizens

http://www.latimes.com/news/local/la-me-unarmed-shootings-20110923,0,245...

Bobblehead Meg

http://www.youtube.com/watch?v=XmudJbnELoc

Say Hello To My Little Friend; Hollywood Thinks It Can Remake Scarface

http://www.deadline.com/2011/09/universal-pictures-readying-a-new-scarface/

NYC Deputy Mayor, Former GoldmanSachs Vice CEO, Flaunts NYC Residency Requirement; Greenwich Resident Honored At Greenwich Historical Society; Recieves Award At Greenwich Yacht Club; Bloomberg -- He Lives In NYC!

http://www.greenwichtime.com/news/article/Home-away-from-home-Does-NYC-d...

 

 

 

Fri, 09/23/2011 - 09:21 | 1700722 Jendrzejczyk
Jendrzejczyk's picture

Took a bit of searching, but the debate poll is here.

http://foxnewsinsider.com/2011/09/22/vote-who-won-the-fox-newsgoogle-deb...

Ron Paul   73.57%

Fri, 09/23/2011 - 09:29 | 1700757 r101958
r101958's picture

Exactly.....and this morning on the news (here in Florida) they pop up a picture of both Romney and Perry but not a mention of Paul. What a crock of Schmidt!

Fri, 09/23/2011 - 09:37 | 1700780 Temporalist
Temporalist's picture

On Blmbrg, CNBS and FuxBiz they talked about those two nitwits because they were squabbling with one another.  Meanwhile they just reinforce one another's flaws about being unprincipled and flipflopping panderers who only care about pleasing lobbyists and staying in power.

Fri, 09/23/2011 - 09:40 | 1700795 VisualCSharp
VisualCSharp's picture

Thanks to the Internet, the connection between the MSM and the political scene is more obvious than ever. It nearly makes me wretch.

Fri, 09/23/2011 - 12:40 | 1701802 rufusbird
rufusbird's picture

Everything is just one big scramble to keep the failure from happening under the current watch.

Fri, 09/23/2011 - 09:58 | 1700893 Comay Mierda
Comay Mierda's picture

its not the official FN poll

Fri, 09/23/2011 - 09:27 | 1700736 nonclaim
nonclaim's picture

Union workers sunk GM and now they want to sink Ford too. Isn't that a long time plan being implemented to break the American industry, and succeeding?

I don't mean ill to the workers, but to the Union. Wake up America!

ps. Don't give me crap about evil capitalists, fat cat CEOs and the like. The workers can always strike against bad management and they didn't.

Fri, 09/23/2011 - 12:39 | 1701795 RSloane
RSloane's picture

Ford is building a new plant that will create 5,000 new jobs - in India.

I don't blame them.

Fri, 09/23/2011 - 12:54 | 1701884 covert
Fri, 09/23/2011 - 09:06 | 1700647 Racer
Racer's picture

All hail the Chair SATAN for creating such a wonderful unstable system

Fri, 09/23/2011 - 09:05 | 1700648 jekyll island
jekyll island's picture

Damn, should've waited another week before I started shorting treasuries.  

Fri, 09/23/2011 - 09:11 | 1700679 Johnny Lawrence
Johnny Lawrence's picture

You shouldn't be shorting them at all.  It's amazing to me that people are still bearish on bonds.  Haven't you studied history at all?  Japan is the ultimate blueprint for what's happening here. 

And for people who shit on the research of big brokerage firms (which I also shit on), every one of them was calling for highest interest rates and telling their clients to reduce their bond positions.  So the bond bears on ZH were on the same side of the trade as the Merrills, Goldmans, UBS, etc.  It's mind-boggling to me.

Fri, 09/23/2011 - 09:14 | 1700694 Smiddywesson
Smiddywesson's picture

It was a joke.  He was quoting the movie "Airplane."

Fri, 09/23/2011 - 09:19 | 1700710 Johnny Lawrence
Johnny Lawrence's picture

Ah, I apologize for my rant then.

And while we're at it.

Good luck, we're all counting on you.

Fri, 09/23/2011 - 10:02 | 1700915 LetThemEatRand
LetThemEatRand's picture

By the way, is there anyone on board who knows how to run a Federal Reserve?

Fri, 09/23/2011 - 11:14 | 1701276 Larry Darrell
Larry Darrell's picture

If given the post of FED Chairman tomorrow, I would happily shut the whole thing down.

Fri, 09/23/2011 - 12:49 | 1701856 andybev01
andybev01's picture

...but who didn't have fish for dinner?

Fri, 09/23/2011 - 12:09 | 1701625 Banjo
Banjo's picture

Some differences between Japan and the US.

 

1. Japan was still exporting goods and had a trade surplus.

2. Japanese people own the majority of the debt. In the US I believe the US Fed is the largest single holder of Treasuries with, US citizens owning about 65-70% of bonds issued and foreign governments owning about 30-35% of US bonds.

The problem with the above is that if and when those overseas people decide to spend their money and it comes home it will cause inflation.

 

I would not be short or long on any paper asset from a trading perspective my view as a small player is the market can remain irrational longer than you can remain solvent.

 

Even Warren Buffet talks how he nearly got pulled into the tech bubble of the late 90's Now thats irrational exeuberence :)

 

Fri, 09/23/2011 - 09:13 | 1700687 Smiddywesson
Smiddywesson's picture

Damn, should've waited another week before I started shorting treasuries.  

"Roger, Roger"

Roger: "What?"

Fri, 09/23/2011 - 10:00 | 1700910 LetThemEatRand
LetThemEatRand's picture

Ben B to Tim G:

"Timmy, do you like movies about Gladiators?"

Fri, 09/23/2011 - 13:39 | 1702259 l.kimbot
l.kimbot's picture

'ever seen a grown short naked?'

Fri, 09/23/2011 - 09:14 | 1700692 Pladizow
Pladizow's picture

Ive been watching TMV for 2.5 years - wanting to get in.

Luckily I have not.

Everytime I think "here's a good entry point", Bernake provides a better one.

An there may not be a good time to get in until 2013?

 

Fri, 09/23/2011 - 09:35 | 1700774 janus
janus's picture

pladizow,

you don't know me and you may not even like me, but those tit you used to sport were some of my all-time favs!  what gives?

Fri, 09/23/2011 - 09:46 | 1700837 Pladizow
Pladizow's picture

I originally chose an avatar that would "stand out" as I searched for my own comments when looking through the thread.

Then suddenly there were a couple of other people who chose similar avatars.

It was because of these copy cats that I changed my avatar.

Now I know many could argue that you cant have too many tits - but I was no longer unique.

Fri, 09/23/2011 - 09:31 | 1700761 Bicycle Repairman
Bicycle Repairman's picture

I picked the wrong week to stop sniffing glue.

Fri, 09/23/2011 - 11:25 | 1701358 jcmjr
jcmjr's picture

Go long my brother, for the short term!!

Fri, 09/23/2011 - 09:06 | 1700650 ethancasta
ethancasta's picture

We're in the midst of The Great Recovery. Don't destabilize the effects of the hopium with facts.

Fri, 09/23/2011 - 09:07 | 1700654 boom goes the d...
boom goes the dynamite's picture

Thanks Tyler for answering this question.  I knew it was coming.

Fri, 09/23/2011 - 09:07 | 1700657 Wakanda
Fri, 09/23/2011 - 09:09 | 1700663 hedgeless_horseman
hedgeless_horseman's picture

And it didn't even take him the full 15 minutes.  Genius at work.

Fri, 09/23/2011 - 09:09 | 1700664 Smiddywesson
Smiddywesson's picture

That douch bag Jack Welch is on CNBS this morning definitely NOT talking about how he made the oldest and most successful company in the history of the USA into a hollowed out financing company.  God rot his hypocritical withered soul.  He was considered the ideal manager, but today he looks like a damn fool and a phony gambler.

Fri, 09/23/2011 - 09:11 | 1700677 hedgeless_horseman
hedgeless_horseman's picture

...most successful company in the history of the USA...

By what metric?

Fri, 09/23/2011 - 09:16 | 1700697 Bicycle Repairman
Bicycle Repairman's picture

Its longevity for one thing.

Fri, 09/23/2011 - 09:22 | 1700730 buzzsaw99
buzzsaw99's picture

over 100 years old and they have more debt and more shares outstanding than ever. Success like that we can do without.

Fri, 09/23/2011 - 09:16 | 1700701 Smiddywesson
Smiddywesson's picture

Good point, I was foaming at the mouth.  Well, it's the oldest in the S&P500 I think.

Fri, 09/23/2011 - 09:13 | 1700690 HelluvaEngineer
HelluvaEngineer's picture

spot on, thx

Fri, 09/23/2011 - 09:13 | 1700691 Moneyswirth
Moneyswirth's picture

Successful my ass.  They don't make iPads...

Fri, 09/23/2011 - 09:22 | 1700731 Caviar Emptor
Caviar Emptor's picture

Agree, Smiddy. He is a total shill for the concept that prevailed since the 1980s: outsource all productive industry where possible along with jobs, financialize to the max and become a 'service' provider. Unfortunately that was selling the farm, a mistake that the US might never recover from now that resources, technology and knowhow are gone and momentum is picking up elsewhere. GE wasn't the only company but Jack was the loudest cheerleader adn the most pompus ass around.

 

Fri, 09/23/2011 - 10:23 | 1701003 twotraps
twotraps's picture

awesome, saved from saying the same shit, unreal, all the worship is too much.  This is a guy that made his money, then ASKED for certain things in his Leaving Package, like an allowance for everything from jet use to dry cleaning.  What an ass.

Fri, 09/23/2011 - 10:23 | 1701004 twotraps
twotraps's picture

awesome, saved from saying the same shit, unreal, all the worship is too much.  This is a guy that made his money, then ASKED for certain things in his Leaving Package, like an allowance for everything from jet use to dry cleaning.  What an ass.

Fri, 09/23/2011 - 09:09 | 1700665 Moneyswirth
Moneyswirth's picture

Not to worry.  The Obama administration has a great plan to put us all to work shoveling shit, filling potholes, buliding schools in Detroit and Newark, all under the supervision of our federally-funded union overlords.

Because we all know that those jobs create lasting value and will turn this economy around.  Pay no attention to record poverty, a housing market in freefall and no jobs.

Believe the hype...

Fri, 09/23/2011 - 09:15 | 1700695 Pladizow
Pladizow's picture

And we'll all be handed spoons to do it with!

Fri, 09/23/2011 - 09:21 | 1700719 krispkritter
krispkritter's picture

Plastic sporks...

Fri, 09/23/2011 - 09:31 | 1700762 Temporalist
Fri, 09/23/2011 - 09:10 | 1700667 Going Loco
Going Loco's picture

Scrap copper prices today in the UK:

Yesterday evening - about £4 kilo

This morning, two quotes, $3.50 and £3.70

I got delayed, couldn't get to the yard this morning.

Price 5 minutes ago: £1.50

I kid you not. Physical copper in the Uk has fallen 55% in 24 hours.

Of course there will be a rebound, but let me tell you I think this IS the big crash. Denninger may be right after all (Tyler always is)

Good luck everyone. 

Fri, 09/23/2011 - 09:12 | 1700683 spiral_eyes
spiral_eyes's picture

I hope Blythe was hedged on the copper. From what I can see the silver shorts are still way underwater even at $33. 

 

Fri, 09/23/2011 - 09:23 | 1700734 Caviar Emptor
Caviar Emptor's picture

Source of quote? 

Fri, 09/23/2011 - 09:10 | 1700672 Seasmoke
Seasmoke's picture

how are those underfunded pensions going to get paid for all the public leeches......keep your heads in the sand , your pot of gold will still be waiting for you at the end of the rainbow with the flying unicorns

Do NOT follow this link or you will be banned from the site!