TIS, that is true. The BRIC's were set up to fail, total bubble economies. The SENSEX (Indian Stock Market), is in the vice-grip of FII (Foreign Institutional Investors), hot monies.
Teh Asian sell-off is in full steam as I type. 3-5% drops across the board. For India, soem fear a 20%.
And yet, this is just the beginning. The connected, collective contagion is going to hit, like a ton of BRICS next monday.
ORI - They hitched their posts to the fraud that was sold as "endless demand" from economies having foundations on the most vast, ultimate Ponzi Scheme in human economic history; fractional reserve banking.
They'd have been better off to accept lower rates of real economic growth, with their economies tied to what was real.
At least they can rebuild from a lower level of dislocation than what will be experienced in the developed world, on a relative basis.
I view currencies, especially FRNs as being akin to non-winning lottery tickets. Yeah, a lot of people "thought" they were Million/Billionaires, until the "real" winning numbers were called out (AU & AG!)
"Physical Solar" that was the best of the day (maybe the week) here. LMAO!! Like calling your commodities broker and telling him "I'll take delivery of those Live Cattle and Lean Hogs, send them to my Montana address."
Reggie is Long Google Smart Tech because between the Jews at Google and the Jews at Facebook and the new cloud tech connected to Obama's high speed cyber crime connection unit for the poor! LOL
You would have to be black or Jewish or half black to get into the deal! LOL
I wonder if James Chanos is still short China? The web had him doing a presentation on China's bubble at Columbia or NYU. It was great. Most shorts and hedgies are scum but Chanos is the real deal.
Bankster created... bankster ended?? Nope.. Isntreal and China developed the A-bomb together... HSBC (opium trafficking Rothscum & Sassoon bank) accepted in new gold market
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"The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default" said Greenspan on NBC's Meet the Press
Does this guy even believe what he's saying? In essence he's saying that no matter how worthless the USD is people will take it as debt payment. I wonder what he'd say if he was on the other side of this fantasy transaction?
Yeah, the US can print USD to infinity (well, as long as it can afford to amass electrons and paper), but, you can lead a horse to water...
HK is exactly 20% off recent peak. Taiwan is 17% off, will join the crowd in 2 days - so the sub-50 PMI which was ignored last week finally caught up after being jerked around by algos. Anyway, plenty of time left for the PPT to turn it around for another year-end party and super bonus. All it takes is Ben dropping hell-notes from his chinook.
Gold seems pinned at $1696, even though it looks like it's trying to breach $1700. I was hoping to see it before I went to bed, but it might be fun to go to sleep and see where thins are in a few hours.
Oh thanks! I'm just a noob with an F5 key and an addiction for learning, but I've been reading and getting a $100 trillion education here on ZH for the past couple years. The last time I seriously considered buying stocks was in August of 2008 - hahaha. So naive at the time and SO glad I stayed out of it. It's been a fun ride to observe since then. Musical chairs on the Titanic, all the way.
Actually passing close to 1800 spot plus fee where I am. And Asks for those who own it exceed 1750.
I put a big honking ask on my pile of silver and went to bed. The damn spot plus fee is passing my ask orders faster than I can enter them. So we will see in the morning if any fish... err... buyers yes... buyers bit.
And every other country and location and entity worldwide where multi-decade credit-feasts have occurred. The bears sense of smell and intuition leads them to all campsites where credit-refuse has not been adequately disposed. Credit-feasting campers have created far too much waste to bury and hide in the ground; painful as it may be, their best hope is to abandon their credit refuse and exit their campsites for new, credit-free, bear-free locations.
Futures at the lows -300; AU at the highs $1700. Politicians falling through long-term support into uncharted territory.
This whole thing is going to turn military very soon. Within three years Zerohedge will not be discussing markets, currencies, or gold, it will all be about the war against an alliance of China, Russia, Iran, Saudi and Pakistan.
The only things worth going long these days is gold n champagne. The uber rich consume these, inordinately. As the uber rich will increase proportionally to the mega poor around the world;...you take your pick of uber-rich niche consumption products and you can't go wrong. Until the next bubble suddenly comes along uninvited, like a barbarian on the loose, where the sun shone like it would never end...Damn these bubble cycles. You can never get rich on a hunch that makes a hunch back out of you in the cul the sac, dead-end; Quasimodo is the name of the global plebe, when its not Sisyphus!
The greatest irony and CNBCfablatastic fade of all of this mess the world is in:
BRICs will fall first, not last.
No rationalization or theories on justice or fairness are needed.
led everybody up.....lead everybody down...kinda like small caps in a "normal" market
Hell Awaits!!
http://www.youtube.com/watch?v=F29aFb0CuyU
$$$$$$$$$$$$$$$
Oh fuck yes. But dammit, now my neck hurts. I can't thrash as hard as I used to.
...after the flood of illiquidity, Lucifer has risen and the bulls have run their course, Hell awaits ...that's all http://www.youtube.com/watch?v=_BMgGrFgP_8
TIS, that is true. The BRIC's were set up to fail, total bubble economies. The SENSEX (Indian Stock Market), is in the vice-grip of FII (Foreign Institutional Investors), hot monies.
Teh Asian sell-off is in full steam as I type. 3-5% drops across the board. For India, soem fear a 20%.
And yet, this is just the beginning. The connected, collective contagion is going to hit, like a ton of BRICS next monday.
A sea of red, fascinating times.
ORI
http://aadivaahan.wordpress.com/2011/08/04/many-drafts/
ORI - They hitched their posts to the fraud that was sold as "endless demand" from economies having foundations on the most vast, ultimate Ponzi Scheme in human economic history; fractional reserve banking.
They'd have been better off to accept lower rates of real economic growth, with their economies tied to what was real.
At least they can rebuild from a lower level of dislocation than what will be experienced in the developed world, on a relative basis.
I view currencies, especially FRNs as being akin to non-winning lottery tickets. Yeah, a lot of people "thought" they were Million/Billionaires, until the "real" winning numbers were called out (AU & AG!)
this is going to be a panic event!, this is it folks....
The Globalist' wet dream has finally come to it's sticky end. Pun intended.
You're ahead of yourself. This is just the destruction phase of the OWO.
damn it. i just went way long on those chinese solar stocks.............
I told You! Physical Solar!
NOT! stocks!!
Come one man!!
It's my understanding that they need a lot of SILVER to make those solar panels. HI-OH ,,, SILVER,,, AWAY!
@ "physical solar"
riotous huha !!
lmfao ..
ROR! Dat's funny.
"Physical Solar" that was the best of the day (maybe the week) here. LMAO!! Like calling your commodities broker and telling him "I'll take delivery of those Live Cattle and Lean Hogs, send them to my Montana address."
You eat it every day thanks to food fed on sun.
You can't eat solar
Time to get out the nets around the apple factory.
ok, wait a minute. you know as well as i do, that reggie is the only person around here qualified to discuss the apple situation..........:)
LOL!
Reggie is Long Google Smart Tech because between the Jews at Google and the Jews at Facebook and the new cloud tech connected to Obama's high speed cyber crime connection unit for the poor! LOL
You would have to be black or Jewish or half black to get into the deal! LOL
lol
classic.
Solar stocks, one bubble I haven't heard people mention very much.
I wonder if James Chanos is still short China? The web had him doing a presentation on China's bubble at Columbia or NYU. It was great. Most shorts and hedgies are scum but Chanos is the real deal.
B...But the Chinese miracle will save us all!
How can this be.........
what they need in china is more robots and more tall poorly built empty buildings........why is we always think these people are so damn smart?
Because they are - by comparison.
....why is we always think these people are so damn smart?
Read this and weep, Whiteboy!
http://psychology.uwo.ca/faculty/rushtonpdfs/PPPL1.pdf
the suspense is killing me...i can't BEAR it...
It will be interesting to watch how this develops. So may ways this can turn, but all paths lead down.
One thing is for sure Marvin. I'm going to have another beer...
hear, hear!
I doubt Michelob Light qualifies as a beer.
it's like beer...
okay, 3 tequilas!
it's probably watered down...
So who are the BIG dogs in the room: USA, EU, China...... where do the Ruskies fit in? Are they immune to all the shit that's flying around?
{C'mon Tyler, if you're going to keep tweaking the chat room at least put the spell checker back. }
Putin will sit out this shit flingfest.
When the ruling kleptoelite are crying out for help, he'll just take headshots at 'em with a Dragunov.
I entered the Panda market just a few weeks ago. He's so cute....and golden.
See ya at the bottom....
just make sure its not the coin where the bear's "tungsten" is sticking out at you....
That's the ball game!
Thanks everyone for coming out!
Please becareful going where ever it is you are going!
God Bless You and Yours!
Don't forget that last trip to Sam's Club. Fifty lbs of rice $19., canned chicken 5 for $10. and honey (lasts forever) nice sized jug $10.
wow!!!Im starting to think that maybe we are all tied together, could this be a global ponzi?
Yesh...
.....is one native
protecting his homeland still able to take out 10 invaders trying to take his homeland? 2bill vs 300mil..should get interesting.
dump commodities... quick!
I am buying gold and silver! futures and etf's only!
Is anyone else just a little sad?
Even their cheap market falls apart. Junk!
That's what you get for selling lead painted toys.
Confucius say: Banker who sits in freezer, will have frozen assets.
lol
he also say "ponzi scheme work as long as black swan appear"
...you got that right silvertrain. http://www.youtube.com/watch?v=_pzpUuN4Q0k&feature=related
I always was of the belief that assets were young, female donkeys........
good 1, lol, now I'm confuced.
I think it is time to close the hatch on my bunker! SEE YOU ON THE OTHER SIDE, MY FRIENDS!
WMT, YUM are all in panic mode now.
Bankster created... bankster ended?? Nope.. Isntreal and China developed the A-bomb together... HSBC (opium trafficking Rothscum & Sassoon bank) accepted in new gold market
we shall see
Who gets pounded worse... Asia, Europe, or US?
According to Tania Ganguli of the Florida Newspaper the Jaguars have released offensive guard Justin Smiley. Justin Smiley will not wear Albert Haynesworth Patriots Jersey and play for Jacksonville Jaguars anymore. It was just last offseason that the Jags traded a conditional 7th round pick to the Dolphins for Smiley. The guard has been injured quite a bit in his career and missed practices, but started the year as the Jaguars starting left guard. He was replaced by veteran guard Vince Manuwai against the Bills and was relegated to back up duty, a role he played for the remainder of the season. He was due about $2 million in salary this year. You can log on our Online NFL Shop and select our best quality Albert Haynesworth Patriots Jersey if you are true fans of Jacksonville Jaguars.
Is there no capcha anymore or WTF is going on? Spam is getting out of control tonight.
Hey, an algo's got to make a buck. They're unemployed too.
Patrick Willis
fuck you! sell your shit some where else!
Made in China Jersey!
C'mon guys. It was funny. All the doom & gloom and nail biting suspense and anger and then we got a commercial.
Thanks Natty.
But THIS is disgusting....... http://www.cnbc.com/id/44051683
"The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default" said Greenspan on NBC's Meet the Press
Does this guy even believe what he's saying? In essence he's saying that no matter how worthless the USD is people will take it as debt payment. I wonder what he'd say if he was on the other side of this fantasy transaction?
Yeah, the US can print USD to infinity (well, as long as it can afford to amass electrons and paper), but, you can lead a horse to water...
Jacksonville Jaguars +7500
they mostly live in Queens Harbour.
FUCK JAX!!
still...i like those odds...
junktapose!
Not you JW, natty.
no worries Bro! its the end of the World Party! thats why my man said its all gravy! let him post his sales shit! it wont be long now!
1,200% Leverage is taking over the world Baby!!
If you think this is sexy, the coming World War is going to knock your socks off!
HK is exactly 20% off recent peak. Taiwan is 17% off, will join the crowd in 2 days - so the sub-50 PMI which was ignored last week finally caught up after being jerked around by algos. Anyway, plenty of time left for the PPT to turn it around for another year-end party and super bonus. All it takes is Ben dropping hell-notes from his chinook.
Its sure nice to know when to buy gold, comex exp dates and when S&P gives you insider info
http://www.youtube.com/watch?v=U_-8cqD4BWU&feature=channel_video_title
Fat finger?
that's what she said
Aww, did Panda Wanda step on a bamboo stickie?
I'd say it's fat paw..
Gold seems pinned at $1696, even though it looks like it's trying to breach $1700. I was hoping to see it before I went to bed, but it might be fun to go to sleep and see where thins are in a few hours.
Gold... $1699.10
A picture is worth a 1,000 words...
http://finviz.com/futures_charts.ashx?t=GC&p=m5
23:54:26 ET
Change: +35.90(+2.16%) Bid:1699.30
High: 1701.30 Ask:1700.30
Low: 1663.40Gold 1701. oh my...
I still haven't seen anything above $1698. What chart are you looking at?
Think or Swim showing a high of 1701. right not it's at 1700.80
UPDATE: 1701.60 new high...will probably be higher by the time I post this.
UPDATE 2: 1702.60
Oh thanks! I'm just a noob with an F5 key and an addiction for learning, but I've been reading and getting a $100 trillion education here on ZH for the past couple years. The last time I seriously considered buying stocks was in August of 2008 - hahaha. So naive at the time and SO glad I stayed out of it. It's been a fun ride to observe since then. Musical chairs on the Titanic, all the way.
Actually passing close to 1800 spot plus fee where I am. And Asks for those who own it exceed 1750.
I put a big honking ask on my pile of silver and went to bed. The damn spot plus fee is passing my ask orders faster than I can enter them. So we will see in the morning if any fish... err... buyers yes... buyers bit.
And they did it with style. Let's see if we can match that feat tomorrow.
Gold solidly above $1700
I picked the wrong week to stop digging up corpses.
Leonardo Davinci
If the RMB is rising then the stock market loss is not as bad as it may seem.
ANTS forever!
Silver bells....Silver bells
$1700 Bitchez!
yeah gold is motherfucking RELIGION now. SUKI (tm) RELIGION.
Very positive for gold.
The bears have entered China.
And every other country and location and entity worldwide where multi-decade credit-feasts have occurred. The bears sense of smell and intuition leads them to all campsites where credit-refuse has not been adequately disposed. Credit-feasting campers have created far too much waste to bury and hide in the ground; painful as it may be, their best hope is to abandon their credit refuse and exit their campsites for new, credit-free, bear-free locations.
Futures at the lows -300; AU at the highs $1700. Politicians falling through long-term support into uncharted territory.
"The bears have entered China."
Yep...and they ain't the cute and cuddly Panda variety either. This one is a foul dangerous beast with big sharp teeth:-)
"Politicians falling through long-term support into uncharted territory."
LOL, stay away from tall buildings.
Clever post.
Shock! Horror!
China's Debt Problem Worse than Portugalhttp://www.foxbusiness.com/markets/2011/08/07/chinas-debt-problem-worse-...
This whole thing is going to turn military very soon. Within three years Zerohedge will not be discussing markets, currencies, or gold, it will all be about the war against an alliance of China, Russia, Iran, Saudi and Pakistan.
So the G-7 hates China?
Good night all. We'll see how it looks in the mo(u)rning.
Now we wait for China CDS/bond spreads to blowout...bring them charts up ZH
I don't get exactly why this PIMCO fund stayed above the fray last week.
Anybody have a good reason?
http://www.google.com/finance?q=pubcx&hl=en#
broken clock syndrome; most all their funds are for shit
Give me some worthless ANT's! !.4 ant's
March them into Ortho Land!
China? the land of lost dreams and Ghost cities! OOPs T`rain wrecks!
That's it. I'm dumping all my Yuan. Where can I acquire physical stocks of bear paws and goat penises?
Hate to say it....Buy China.
I just threw up.
The only things worth going long these days is gold n champagne. The uber rich consume these, inordinately. As the uber rich will increase proportionally to the mega poor around the world;...you take your pick of uber-rich niche consumption products and you can't go wrong. Until the next bubble suddenly comes along uninvited, like a barbarian on the loose, where the sun shone like it would never end...Damn these bubble cycles. You can never get rich on a hunch that makes a hunch back out of you in the cul the sac, dead-end; Quasimodo is the name of the global plebe, when its not Sisyphus!
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