Daily US Opening News And Market Re-Cap: September 26

Tyler Durden's picture

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rajat_bhatia's picture

I wish i could be the Bernanke 

covert's picture

minor details are often very revealing, the devil is in the detail.

http://expose2.wordpress.com

 

financeguru500's picture

I have a serious question for willing to answer.

When do you think we will reach the point when Bernanke or whomever admit that they have made a big mistake and that our economy is not getting better?

Mae Kadoodie's picture

I'm still waiting for Greenspan to admit his mistakes.

kurzdump's picture

When I started to think about the problems in our economy it took me just a few weeks until I became convinced that the economic system will crash within a few months. I started to prepare, stocked up some food and physicals and bought some other useful crisis-crap.

Now, almost a year later I start to doubt. I underestimated the power of all the "weapons" central banks and politicans developed and stocked up in their arsenals by far. Every time the game seems to be over they just dig out another cheat code to steal themselves away.

My findings are that there will bo no crash as long as the PEOPLE do not cause it. If we keep accepting everything we will lose our properties and become poor eventually. However, the system will not collapse. Globalism causes restructuring of assets in a long term. Maybe the dollar loses its reserve curreceny status some day in the future and starts to hyperinflate - even then it will not be the system that causes a collpase it will be the PEOPLE rioting and fighting for food.

As long as the sheeples are asleep nothing will stop the nightmare.

financeguru500's picture

I think you are correct. Your answer is the best I think I have ever heard when considering if our economy will ever collapse and restructure. If the government can keep the game going, then it will just be a transfer of wealth until the middle class is gone and everyone is either rich or poor. Then there could a "new deal" to put all the poor people to work and keep people from complaining. That would be my best guess as to how things are going to go. It will come in the form of a solution to "reinnovate the American industrial complex" but will really just be Americans working at sub-par wages to equalize competition across the board for all countries.

The other solution i see happening is a one world currency to solve the issue of countries over indebting themselves and bringing down the system (i.e. greece, U.S.A etc). This could come in the form of a way to immediately boost the economy and bring the world out of recession while also stopping the chinese from pegging their currency.

 

*BTW the next big crisis will be the student loan crisis. Mark my words. It is a HUGE problem that is going to be out of control with the millions of graduates not finding jobs. Government subsidized Americorp is already offering student loan forgiveness "repayment" for people who volunteer their time. If there is any sort of New Deal, I see it tied up with a program like Americorp where people are working subpar wages to get their loans forgiven.

MillionDollarBonus_'s picture

With regards to the CME raising margins on treasuries, I hope this goes to show the risk involved in using these instruments as a tool for speculation. US treasuries are stricly a SAFE HAVEN asset and should be accumulated as an insurance policy against a catastrophic event.

EvlTheCat's picture

Well it only took The Fed 70 years to apologize for the first Great Depression. Lets just say neither you or I will probably be around if it happens again.

He_Who Carried The Sun's picture

...

To put it mildly: all those who traded against Bernanke should be in intensive care by now.
This man is dangerous, if misunderstood!

machineh's picture

'CME raises margin requirements for longest dated T-Bond futures by 20%.'

Having broken gold's parabolic spike with a margin hike, now they're going after Benny Bubbles' top-tick bond buying.

Benny's not concerned, so he claims. 

'Margin be damned! I print all the margin I need. I AM THE MARKET!'

And that's exactly the problem, Benny ...

fishface's picture

There is a good article on the Der Spiegel website

German Central Bank Opposed to Merkel's Euro Course

 

http://www.spiegel.de/international/europe/0,1518,788352,00.html

spanish inquisition's picture

I for one, have stated,  that anything short of infinite printing and complete backstopping is a disappointment to me personally and the market (I suppose). I have taken some liberties with a historical speeches and have created a speech for Ben that would rally the base and calm them down for at least a week.

"Even though large tracts of Europe and many old and famous States have fallen or may fall into the grip of the Deflation and all the odious apparatus Markets, we central bankers shall not flag or fail. We shall go on to the end. We shall print in France, we shall print on the seas and oceans, we shall print with growing confidence and growing strength in the air, we shall defend the ownership capitol of the Fed and its Wall Street distribution system, whatever the cost may be to the average citizen. We shall print on the beaches, we shall print on the landing grounds, we shall print in the fields and in the streets, we shall print in the hills; we shall never surrender, and if, which I do not for a moment believe, this Fed or a large part of it were subjugated and starving, then our Empire of Central Banks beyond the seas, armed and guarded by our US and NATO Fleets, would carry on the struggle, until, in God's good time, the new world, with all its power and might, steps forth to the rescue and the liberation of the old. Where central bankers can siphen off interest with impunity and leave the debt with the citizenry. (standing ovation)

Thank you. Now if you will excuse me, I have another non speech about "Economics" (hehe) to write for CONgress and am reading Jabberwocky for inspiration."

http://en.wikipedia.org/wiki/We_shall_fight_on_the_beaches

 

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