David Rosenberg: The Recession Is A Virtual Certainty And Here Is How To Trade It

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Wed, 08/03/2011 - 21:11 | 1522535 Yen Cross
Yen Cross's picture

  I'm loving this Quasi Yen selling right now...  Good thing I'm smart enough not to trade Yen or chf right now!   Think I'll add some more Aud on this high 1.06's area...

Wed, 08/03/2011 - 21:33 | 1522605 Taku
Taku's picture

Side note: Japan bailing out nuclear co. Using taxpayers to pay victim compensation.

http://www.eco-business.com/news/japan-passes-law-supporting-nuclear-plant-operator/

BTW: I may have missed tape here, but radiation going wild in Japan. Today.

http://www.bloomberg.com/news/2011-08-02/tepco-reports-second-deadly-radiation-reading-at-fukushima-plant.html

Anyone know how long until this wind blows here, or when the 3-eyed fish arrive?

Wed, 08/03/2011 - 22:34 | 1522719 GeorgeHayduke
GeorgeHayduke's picture

Looks like Japan is going to follow the US model of helping to keep those corporate profits safe and privatized while socializing the externalized costs of the mess. Ah yes grasshopper, Japan has been a good 51st state so far.

Wed, 08/03/2011 - 23:26 | 1522843 mason5566
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Wed, 08/03/2011 - 23:44 | 1522894 NaN
NaN's picture

Time for a sing-a-long:   Spam, Spam, Spam, Spam, Spam, Spam, Spam, Spam, Wonderful Spam!

 

(Acct. mason5566 should be disabled.)

 

Wed, 08/03/2011 - 23:59 | 1522916 HardwoodAg
HardwoodAg's picture

Shove your fucking wimpshields up your shit stained ass

Thu, 08/04/2011 - 01:23 | 1523012 Freddie
Freddie's picture

If Tyler was not busy counting his gold bars or banging de hoes - he might get rid of this shit spam.  Buy a good bike - buy a Ducati.

Thu, 08/04/2011 - 06:50 | 1523127 Marge N Call
Marge N Call's picture

Damn right Freddie. Do you have one? I've got a few - my favorite one to ride is my 2004 ST4s. Man I love that bike. And it's not like the Jap bikes are much cheaper to own these days.

Thu, 08/04/2011 - 09:05 | 1523282 DavidC
DavidC's picture

I can't explain it, but I'm getting an uncontrollable desire to want to buy some motor cycle fairings. But I don't own a motor cycle...

DavidC

Sat, 08/06/2011 - 08:02 | 1530033 BigJim
BigJim's picture

Damn those silver-tongued marketing devils! Why can't they fill us with an uncontrollable urge to eat (say) vegetables?

Thu, 08/04/2011 - 06:32 | 1523118 Hobbleknee
Hobbleknee's picture

There are videos on youtube of a guy in Canada measuring dangerous levels, evacuation levels, from the rain on his windshield.

Wed, 08/03/2011 - 21:35 | 1522610 Crisismode
Crisismode's picture

Will you PLEASE wake up and smell the Roses?!?!?

 

THERE IS NO NEW RECESSION!!

 

Get it??

 

There is a DEPRESSION that has been going on for THREE YEARS NOW!!

 

ROSIE, wake up and smell the roses. There will be no NEW recession because the OLD ONE is still carrying on as the same DEPRESSION we have been in for 36 months now.

 

GET IT??

Wed, 08/03/2011 - 22:15 | 1522685 caerus
caerus's picture

complete with a 1 1/2 year bear bounce

Thu, 08/04/2011 - 02:45 | 1523048 La Guillotine
La Guillotine's picture

Yeah and the fact that he was bearish a year ago and bullish 6months ago and now is bearish seems to have been forgotten.

Thu, 08/04/2011 - 09:03 | 1523360 Ponzi Unit
Ponzi Unit's picture

+1

same depression, different day...

Wed, 08/03/2011 - 21:11 | 1522538 rocker
rocker's picture

Surprise. Boards not full. David Rosenberg at least told us to buy gold.

It is not his fault that the FED would pimp the market past everybody's belief.

Wed, 08/03/2011 - 21:11 | 1522539 adeptus
adeptus's picture

And what of the moral implications of your investment in agricultural stocks partaking in the rising of food prices on a global scale? Is it still a "good" investment then? Be the change you want to see in the world. Morality before profits.

Wed, 08/03/2011 - 21:17 | 1522553 rocker
rocker's picture

I think it is a matter of reality. The elite will pimp the price of whatever the majority of people need in the name of GREED.

Just like JPMorgan buying tankers of Oil and sitting offshore until they get the price they want for it.

Your tax dollars working hard for you.  

Wed, 08/03/2011 - 21:21 | 1522574 Uncle Remus
Uncle Remus's picture

JPMorgan buying tankers of Oil and sitting offshore until they get the price they want for it.

 

Sink a few of those and that'll dampen the enthusiasm for that racket.

Wed, 08/03/2011 - 21:32 | 1522606 CrashisOptimistic
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It would also dampen enthusiasm for fishing in that area.

Wed, 08/03/2011 - 21:53 | 1522644 Doña K
Doña K's picture

They are actually insured by AIG. So that the taxpayers will foot the bill.

Wed, 08/03/2011 - 22:14 | 1522684 tip e. canoe
tip e. canoe's picture

something tells me you're not joking

Wed, 08/03/2011 - 22:33 | 1522715 TaxSlave
TaxSlave's picture

Plus, the price of oil WOULD go up after such an incident.

Thu, 08/04/2011 - 00:08 | 1522931 Pay Day Today
Pay Day Today's picture

So it might be worthwhile for them to sink one of their own smaller tankers? Madness.

Wed, 08/03/2011 - 22:35 | 1522723 SlipStitchPass
SlipStitchPass's picture

Don't sink the fucking thing...I'm thinking you pirate it and use it as a negative PR stunt against the big banks. Hang a few banners from it and tell Jamie and Blythe to Piss off.

Wed, 08/03/2011 - 22:55 | 1522771 Yen Cross
Yen Cross's picture

  Gotta love that Brent / WTi spread   sarc on<  ):

Thu, 08/04/2011 - 08:34 | 1523285 swmnguy
swmnguy's picture

Actually it might make that racket insanely profitable, don't you think?  In fact if it does go down that way, I'd like to know JPM's alibi...

Wed, 08/03/2011 - 22:32 | 1522711 caerus
caerus's picture

moralistic musings aside...i suspect that the prevalence and popularity of cooking and celebrity chef shows is indicative of a bubble in food...kind of like the house flipping shows before the real estate bubble

Wed, 08/03/2011 - 22:51 | 1522763 snowball777
snowball777's picture

I miss those 'flipping' shows...nothing quite like watching a complete moron with a fervent belief that there's a bigger moron then them out there somewhere and laughing as they drown in carry costs for lack of dumber.

Wed, 08/03/2011 - 22:58 | 1522776 Yen Cross
Yen Cross's picture

  Man (vs) COLOSSAL SQUID, comes to mind...   It's all contango these days?

Wed, 08/03/2011 - 23:02 | 1522787 caerus
caerus's picture

right...i knew dentists and doctors and lawyers who were "flipping houses" on the side...one dentist told a friend of mine (after he lost his shirt flipping houses when it all went down) that he had lost more money than she would ever make...(i think he was bragging)

Wed, 08/03/2011 - 23:23 | 1522837 snowball777
snowball777's picture

Isn't that like bragging about the pliability of your johnson?  Guess he wasn't smart enough to burn em for the insurance.

Wed, 08/03/2011 - 23:36 | 1522870 caerus
caerus's picture

lol...yes...he is a douche

Wed, 08/03/2011 - 21:42 | 1522621 seek
seek's picture

There is a moral out to this. The TPTB are going to profit regardless. If moral people invest, they can apply the profits to weakening TPTB and helping support those that are harmed (donate to a food bank, for example.)

Wed, 08/03/2011 - 22:28 | 1522707 A Nanny Moose
A Nanny Moose's picture

Please refer comments regarding speculation to Ben Dover, the man with the printing presses.

Wed, 08/03/2011 - 22:35 | 1522727 TaxSlave
TaxSlave's picture

And what of the moral implications of your investment in agricultural stocks...

That's nothing compared to government bonds.  Invest in your own slavery!

Wed, 08/03/2011 - 22:53 | 1522765 Reese Bobby
Reese Bobby's picture

Self-appointed moral specialists like you really bother me.  There is too much money chasing too little food.  Get it?  What prices investors choose to pay for "agricultural stocks" is irrelevant.

Thu, 08/04/2011 - 00:13 | 1522936 Pay Day Today
Pay Day Today's picture

You don't need to be a moral 'specialist' to know that pricing millions of people out of food is a bad move.

Sat, 08/06/2011 - 08:07 | 1530036 BigJim
BigJim's picture

Buying the commodity itself may do that. But buying stocks in companies producing food does that how, exactly?

Thu, 08/04/2011 - 03:06 | 1523056 Captain Planet
Captain Planet's picture

It seems you don't need a moral specialist to point out you are neither....

Go back to Wall St.

Wed, 08/03/2011 - 23:32 | 1522858 sun tzu
sun tzu's picture

Higher ag prices mean farmers will grow more crops to take advantage of higher prices. That should produce a bumper crop. Lower prices drive farmers out of business and we will have a shortage of food. 

Thu, 08/04/2011 - 00:14 | 1522938 Pay Day Today
Pay Day Today's picture

You've forgotten to consider that higher food commodity prices which millions cannot afford causes an effective shortage of food for poorer people any way.

Sat, 08/06/2011 - 08:10 | 1530042 BigJim
BigJim's picture

It depends on what is causing the higher prices. If it's taxpayer-subsidised banks cornering the market by buying 80% of corn production, then yes, it's an immoral act.

But if prices rise because there's been a bad harvest, then that's just tough shit.

Wed, 08/03/2011 - 21:18 | 1522559 Id fight Gandhi
Id fight Gandhi's picture

He's always been wrong in the timing and response for this market and it manipulation. Won't listen to anything more from him.

Wed, 08/03/2011 - 21:43 | 1522624 Crisismode
Crisismode's picture

+1

Wed, 08/03/2011 - 21:20 | 1522571 RoRoTrader
RoRoTrader's picture

 

Bottom line: what is Rosie's ROR over past calls, at least starting from JH, 2010?

Wed, 08/03/2011 - 21:26 | 1522589 CrashisOptimistic
CrashisOptimistic's picture

Wrong question.

The correct question is absent government intervention, which is unpredictable on a consistent basis, what have his economic calls looked like.

Wed, 08/03/2011 - 21:40 | 1522617 RoRoTrader
RoRoTrader's picture

In reality there dickhead one of Rosie's calls was spot on and that was over the US using the dollar as a policy lever.......remember that one? If you knew how to trade the call, regardless of the policy being on whatever side of morality notwithstanding since it is all about being on the right side of price in the end, right.

And just for the record, what is it that are you buying or selling at this point in time, at what price, and for how long?

Wed, 08/03/2011 - 22:34 | 1522716 CrashisOptimistic
CrashisOptimistic's picture

Junk bonds.  About 8% yield, up 5% ytd.

Suncor when the market bottoms.

Thu, 08/04/2011 - 07:15 | 1523149 Chip
Chip's picture

Beauty in simplicity, 10/10

Doubles your money in 10 yrs, too.

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