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The Disconnect Continues
Presented with little comment - equities and bonds are diverging aggressively now as 10Y accelerates towards its all-time low yields (1.67 on 9/23). As we noted earlier, foreigners are dumping Treasuries at a record pace and yet it grinds tighter and stocks rally on USD weakness. Our 'thesis' from yesterday that a reactive Fed QE is being priced in seems the most 'sensible' but year-end flows for now are tough to call.
and its not just Treasuries (or 2s10s30s) that are derisking as CONTEXT (risk asset basket proxy) is leaking lower quite consistently...
Gold is up, EURJPY is leaking lower (FX carry) and Oil is coming off from its highs now.
Chart: Bloomberg
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:-o
didn't we want a calm end of the year?
We'll have it with the S&P and DOW green. That's all that 95%+ *might* even look at.
Plus: "STOCKS END POSITIVE FOR THE YEAR" headlines.
It's really not that hard.
The economy has officially decoupled from the economy.
haaaaah! Nice one Mr. LH.
ori
disconnect is good for America
manufacturing will return
fluff industries like hollywood and banking and bullshitting will ranked lower than productive industries
government will not waste taxes as much
american consumers will no longer consume mindlessly and opt to buy quality goods that last instead of replacing shitty goods from china with another crap.
low income republicans will finally realize their lower standard of living in the world and will have less cultural power over significant matters.
government dependent private corporations will have to cut executive compensation.
imported food will be more expensive so people will eat less and become healthier and healthcosts will drop
less fat dumb and happy Americans in the world, the better.
most importantly status quo will have to work for it to maintain power.
"The decoupled economy will have little or no effect on the real economy".
Ben Bernanke
"The decoupled economy is contained..." "The Fed will not monetize the decoupled economy"...
the economy of Govt statistics has officially decoupled from the real economy
..we can only guess which ones the politicians will quote come election time
it's "green shoots" versus burnt crisps
"signs of recovery" versus signs of a meltdown
"consumer confidence" versus rising expodential food stamps
"the financial sector is in recovery" versus fraudulent insolvent bankers cooked books
LH, soon, we will upgrade you to ZH, the ultimate Z.
We will NOT have a calm anything until capitalism is allowed to work.
I know that is tempting to conclude, but it's just wrong.
The problem is oil scarcity and it is going to kill 6 billion people. Capitalism working or not working does not affect physics or geology, and there's just nothing we can do about it other than haul methane from Saturn's moon Titan and do oil conversion on it.
This, of course, will never happen, and 6 billion will die quickly because of it.
If 6 billion people were allowed to do as they please in a capitalist society with property right my guess is they would figure out a way to survive and thrive.
Eliminate government.
Never let ideology or wishful thinking to get in the way of physics and geology... you will be sorely dissapointed.
BTW, "do as they please" has been tried, it was called "Laissez Faire Capitaism" and this guy named Dickens wrote a few books describing the resultant society....
The golden age of the British Empire was the 19th century. Capitalism.
You should read more non fiction. It will help you with reality.
Wow what planet are you on?
before relying on dickens for economic analysis you should research the real increases in standards of living, decreased mortality rates, and improvements in diet which occurred in dicken's time. the evidence that the standard of living of the average britain increased substantially during this period is overwhelming. it is so typical of many on the left now that no one in that group ever ever ever does a cost benefit analysis when evaluating public policy. they just attempt to fix the "suffering" regardless of the overall cost to society.
and i'll add, it just frosts my buns that so many people have reached the conclusion,somehow, that increases in transfer payments benefit the poor more than increases in surplus economic production.
No I am not relying on Dickens for economic analysis...
If you define quality of life solely through a flawed measure like GDP then arguing with you is pointless as your value system is somewhat limited by classical economic theory.
Also, your Bristish Golden Age was associated with increasing Net energy for the society, which you somehow overlook in your myopic analysis.... I do not doubt that a number of quality of life parameters improved, but Industrial Revolutions only happen once per country and are not repeatable...
You may also want to correlate the work of Jevons on UK coal production with the state of the Empire as a function of time...
LOL- you'll go far in business...... NOT.
Go back to teaching your Sensitivity 101 seminars- put that English Lit BA to good use......
Yep.... that's why I retired at 48 with a Ph.D in Physics and a few years on Wall Street to round things out...
Go back to masturbating over pictures of Ayn Rand....
Long GDP (Gross Domestic Prevarication)
Short population (Peak People)
You have a PhD, retired an early genius, AND worked on wall street?
Yet you still feel a primal need to expose your huge penis on an anonymous board to somehow enhance your point. Critical thinking was not a requirement of your phd dissertation. What was it by the way?
The guy thought I had a BA in English Lit... I just wanted to clarify things for him....
Maybe you understand the connection between Net free Energy and Economic activity?
you know flak, it's funny (and i see this all the time on the internet) but there is the comment i wrote and on the other hand there is the comment you read. i think the comment you read goes something like this:
brackets indicate ommissions strikethrus not appearing in my browser for some reason.
before relying on dickens for economic analysis you should research the real increases in GDP [standards of living, decreased mortality rates, and improvements in diet ] which occurred in dicken's time. the evidence that Britain's GDP [the standard of living of the average britain ]increased substantially during this period is overwhelming. all of the increases during this period were due to free market capitalism. we can look forward to many more industrial revolutions in our time in developed countries. [it is so typical of many on the left now that no one in that group ever ever ever does a cost benefit analysis when evaluating public policy. they just attempt to fix the "suffering" regardless of the overall cost to society. ]
[and i'll add, it just frosts my buns that so many people have reached the conclusion,somehow, that increases in transfer payments benefit the poor more than increases in surplus economic production.]
You guys always confuse increasing net energy to a society with some invisible hand performing "miracles".... Energy creates an economy not the other way around. Otherwise, it would mean that you can print oil or its equivalent
ergo, coal is responsible for the invention of the steam engine.
Does the term dullard appear to you when you look in the mirror?
And you guys always limit your perspective to fossil fuel production in an outrageously reguated and crony capitalist society. Do you really think the invisible hand of the "free" market decided that nuclear was not the most cost effective way to power civilization?
Isn't it odd that Rockefeller and Standard Oil stood to lose billions if oil was replaced by the "miracle" of atom splitting? Isn't it odd that Rockefeller is large donor of Greenpeace (an organization which conveniently campaigns against nuclear)?
Nuclear certainly isn't the only answer, but the fact remains that man's ingenuity will ALWAYS triumph in a truly FREE market where he can be rewarded for his efforts rather than have them undermined by propaganda/lies.
See also Tesla and Edison (who had the support of JP Morgan in the campaign against Tesla's superior technology).
Tesla's superior technology won out, electricity is transmitted via AC... what are you babbling about?
Let me guess it was the Commie Vegan Greens that caused Texas and Oklahoma to peak back in 1970??
If Nuclear is the answer, why is the market and people telling us otherwise?
Ph.Ds are apparently handed out like candy these days -- do you not read comments before attempting to formulate a response? You and Edison must have come from the same school of illogic because you employ the same tactics in the competition of ideas.
Try to pay attention: GLOBAL oil production peaked because consumers (i.e. the MARKET) had no viable alternative to oil -- without a cheaper substitute, consumers had no choice but to exhaust fossil fuel supplies.
Hence, the market has never been given the opportunity to judge whether nuclear is the answer. That's the point. Not even the Chevy Volt can reduce dependence on fossil fuels because it plugs into outlets powered by... fossil fuels!
And Tesla was not REWARDED for ALL his superior tech (AC was one of many) because he never received the royalties owed to him by Westinghouse Electric (among others). This was a direct consequence of Edison's propaganda/lying campaign, which greatly delayed MARKET adoption of AC, which placed near-lethal financial stress on the Westinghouse company, which had INVESTED in Tesla's tech expecting a ROI.
Is that clear enough for a Ph.D to comprehend?
Tesla and his royalties are an interesting story. He basically gave it away ripping up the contract, read up on your history. He was a brilliant inventor but a horrible businessman. He also tried to pull a fast one on JP Morgan.
What is your point? And what does this mean???
Oil peaked because there was no alternative??? What if there is *no* cheaper substitute?
Regarding Nukes, the free market says that the ROR on the capital is not enough to build nukes that are up to the lax safety standards that currently exist. So if you think it is a good idea for a company to be free of any liablities from its business activities while being allowed to cut every "reasonable" expense in pursuit of profit in a demonstrably complex and dangerous business, then by all means build your nukes... Have fun convincing people that everything is honky-dory though...
As for me and nukes.... there were the bridge to truly renewable solar until we fucked it up so badly by nickle-and-diming the safeguards....
He ripped up the contract because of everything I outlined in previous post. It was a business decision -- accept a far smaller royalty amount or get nothing because Westinghouse will go bankrupt if I don't. Pretty savvy decision -- some is more than none.
As for nukes: hard to argue when you believe the safety propaganda (including the strange circumstances surrounding 3-mile Island). Because it's that very propaganda which prohibited a reasoned and steady approach to the development of nuke technology.
I think he meant Tesla's transmission mechanism (the Wardcliffe tower).
pods
Tesla's through-the-air power transmission scheme was silly, but you never coulda done this with an "Edison Coil":
http://www.youtube.com/watch?v=3ff_AXVlo9U
Dickens wrote about early 1800s Britain. It was a time of Nobles, Earls, Kings, Churches, and old aristocracy begrudgingly giving up the reins of power to a new breed of inventor, entrepreneur, and capitalist.
and in 2012, the nobles, earls, kings, churches and old aristocracy are once again living large while the rest of us slaves are content gorging on hormone-fed and processed "meat" while watching dancing with the stars and shit. hey! we've traveled back in time!
We still have the internet and one of the most literate societies the world has seen. Just look at the speed with which we exchange ideas and opinions. If it wasn't for this forum, I will have thought that I am alone in this world or crazy. I still think the latter, but the doctor says that I am getting better. :=)
Maybe if we had begun this utopia 40 years ago. There could be plenty of resources if oil staid cheap. It hasn't, and won't be getting any cheaper.
Utopia is an island inhabited by 2 economists.
The answers to the graceful end to the age of oil are here.
I have them. All, across the board....
But most people are too frightened or cognitively dissonate to even consider the post-carbon world.
Too bad. We want to go down even though there is no reason to.
ori
/the-plan/
The problem is that fiat money requires infinite growth from a shrinking private sector to pay for all the waste that fiat finances. If we had a free market with sound money and agreement on basic property rights and individual rights, we wouldn't need infinite growth and we could handle oil scarcity if it exists or not. My guess is if the US had had a free market the last 100 years, we'd be getting the majority of our energy from space and we would all have a robot doing our dishes. Instead we get this shit. Fuck fiat. Fuck central planning.
I do recall they "promised" us utopia, and all we got was iCrap.
We were made to believe that our inventiveness and imagination would get us out of any and all problems in the end. I still think we can given time and a more sustainable economy. At the end, we have to keep in mind that evolution is the process by which nature troughs crap at the wall to see what sticks. We barely hit the wall a second ego.
there's just nothing we can do about it other than haul methane from Saturn's moon Titan and do oil conversion on it.
The squid has already put up "toll booths" in the asteroid belt to profit from the commerce...
In other news... Al Gore is worried about ther effects of INTRA SOLAR SYSTEM WARMING as result of the expenditure of rocket fuel gases in interplanetary space... Carbon credit paper trading markets will be along soon...
Do you work at being a moron or was this a really lame attempt to be funny?
Actually, he makes a lot more sense than you do....
Go tell Al you're onboard with him when the Poles melt.....
Care to discuss the following synopsis of a very recent paper (Dec 11)
http://tamino.wordpress.com/2011/12/06/the-real-global-warming-signal/
or this related paper also from earlier this month
http://www.nature.com/news/three-quarters-of-climate-change-is-man-made-1.9538
Before you just chanting the usual shit, these results are based on completely different methodologies. Quite elegant but I presume that you actually understand what they did...
Great Flakmeister...
So it's all man made... I'm NOT EVEN FUCKING AGAINST YOU on that...
What I AM AGAINST are these "dickweed" papers that to seem to want to cling to... As if you, Al Gore, a bunch of fucking scientists whose salaries are paid by taxpayer grants, can come up with some jerk ass universal solution to turn back the problem...
Yeah... all we need is a little more money here (& a few more "paper markets" to trade credits in)... GET FUCKING REAL!!!
Here... Want a solution??? I've got one... ANNIHILATE THE FUCKING HUMAN RACE (starting with you & me)... You go first though (since you seem to be more 'sensitive' to the problem)... I've looked at it and practiced it... My personal carbon footprint is just fine... Probably 'negative' as we speak...
Jeez, to respond to your idiotic remark I probably just burned 100 unnecessary calories (which means I don't have the physical energy to plant a tree or some seeds by hand)... I'll probably have to resort to a gasoline powered tiller & burn some more CO2 into the atmosphere...
Congrats, therefore, on your CONTRIBUTION to global warming jerkoff...
Wow, I seemed to have touched a nerve... you really should not let posts get you so upset....
No, there ain't no solution, but we can make things a bit better...once enough people accept the science, then we can start figuring out the best course... We can make things a lot worse than they need be.
Yeah... I do get upset...
WHY?... It has nothing to do with any science or logic you may wanty to propose... It has EVERYTHING to do with the fallacy of a planet of 7 billion "self interested" inhabitants... Forming themselves into self interest groups... & proposing that THEIR WAY is the only way to utopia...
FREE MARKETS actually do work... The main problem is that FREE MARKETS tend to get hijacked by self interested "groupthinkers"... We happen to be in one of those periods as we speak... What's worse is that self interested groupthinkers tend to be the most hypocritical of the lot... So when you say...
We can make things a lot worse than they need be...
Yup... I'll buy that...
Who needs oil when you have algae. Problem is not oil scarcity, but rather big oil stiffling new fuel technology. LNG bridge fuel for next 20 years in USA. Electric would also do well if made afforable and had infrastructure. Nationalize big oil and problem would be solved.
You do understand that the US is still a net importer of Natural gas?? Do you know on a oil equivalent BTU basis what the US production of Natural gas is?
Who needs oil when you have algae. Problem is not oil scarcity, but rather big oil stiffling new fuel technology
FAIL...
Or I know... Why don't we just put up a lot of WINDMILLS in the Altamonte Pass in California & have the government subsidize the whole thing?... (oh but wait, we tried that in the 70's)... The DOE... now a $30+ billion agency government whale being a remnant of that... you know... TO REDUCE our dependency on foreign oil...
Now that the government subsidies have run out & the windmills (in the richest wind harvesting location on the planet) have turned to rust buckets... I propose that Flakmeister & J 457 pony up to get them back into operation...
You know... so we can have all that free & clean energy we so desperately need (to power our iTHINGYS so that we can "build a smarter planet" ON THE GO by making cool blog comments)...
Look, if you are angry and just need to rant, I suggest you go elsewhere where you might fit in a bit better. I suggest Marketwatch or Yahoo!...
The way I see it, the invisible hand of the free market is giving us the finger.... It works as long as it does, but the clock has run out and it's time to reinvent the way we live....and no I ain't arguing about how we might go about it with people that don't even see a problem...
CrashisOptimistic,
I agree that it is not like a button that You push and everything is fine. I am referring to the way capitalism communicates prices to the market. Capitalism in effect DOES affect geology. Oil will NEVER run out if the market allowed to work. As oil becomes more scarce the increase in price WILL reduce its use and incentive new sources of energy. However, if the government interferes with subsidies, release of national oil reserves or what have you, We will have 9Billion people by 2050 based on oil availability to infinity. Then we will run out, and We will have two choices famine or war. Even corn subsides are coming back to bite us in the ass.
I remember in 2008 when oil went through the roof. There was talk of electric vehicles, alternate fuels, etc. Wind and Solar power became economically feasible for the first time and First Solar stock was on the rise. Oil went down and people went back to their SUV a few months later.
It hasn't been working, as you define it, since the 1970s.
Since 1913.
Fed Reserve creation = the start
Gold Standard eliminated = Katy-bar-the-door
'87 and the implementation of the President's Working Groups=Locked and loaded.
you *could* say the current debacle started in the late 1700s when the fables we now believe were written in the blood of "patriots"......
but i prefer taking it back to the dawn of agriculture...somebody shoulda taken that left turn at albuquerque...instead you have a path of ass-reaming being "navigated" by oxygen thieves who are quite bereft of most qualities that people with sense(like most of 'us' here) tend to favor. and it'll be thus for a bit longer, until we quit acting like immature cocknecks...as a whole, ya know.
MANIPULATION.
1.86 keep it coming.
or perhaps the extinction of the last few remaning bears as they cover losses for the tax year. The momolulus are enjoying a soft fluffy pocket of air to relax and stretch out into.
Doesn't work that way. When you have a loss end of year, you close the position and take the loss, and the next minute you re-open an essentially identical position (essentially, not precisely), so the net market effect is neutral.
and what is the effect if they close the position (naked shorts I mean) and just give up and walk away? In thin markets no less.
ben and government markets - plain and simple
The dope has been injected, it will last, maybe a week.
So?
http://movies.yahoo.com/news/kelly-clarkson-endorses-ron-paul-170059121....
http://www.youtube.com/watch?v=1T2n_n9H67g
California Muni-Bond funds have gone completely vertical.
http://clearstation.etrade.com/cgi-bin/bbs?post_id=9437812&usernm=wndysrf
Best year ever in 2011 for holders of paper, 35-year bull market continues uninterrupted.
http://www.wallstreetbear.com/board/view.php?topic=92583&post=335327
Best year ever for holders of bonds to get their interest payments taken negative, net of fees.
Again, with feeling: Net zero real returns across all asset classes. This is the way the market ends. With a whimper.
Pretty much. If you take the fuel supply from an engine, it can't run, no matter how much adjusting and parts replacement you do.
It's analagous to hand waving and obsessing over parameters measuring engine performance and never looking at the fuel pump.
Net zero real returns....Yes. That's what you get as a byproduct of biflationary policies. While some asset classes are hedging and pricing in inflation, others are doing it for deflation and therefore you get the divergence we're seeing. It's unnatural oh yeah because it's all a result of non-stop Fed intervention and total removal of free-market forces right down to supply-demand
Negative yields, RoboTarder has gone buck-wild over it. What a dork.
jerking off again to the rearview mirror
Best year ever in 2011 for holders of paper, 35-year bull market continues uninterrupted.
Robo Trader logic reminds me of Curly (of 3 Stooges fame) in the scene where the rowboat is taking on water... He picks up a hand crank drill and says:
"Ooh look, a water letter outer"...
Again...I recommend a trip to the Pocono's or the Catskill's this NY's Eve. Something more...out of the way.
works until it doesn't
Tylerz,
Check this out. Might be worth a post.
http://abcnews.go.com/blogs/politics/2011/12/ron-paul-sanctions-against-...
Dec 30, 2011 1:34am Ron Paul: Sanctions Against Iran Are an ‘Act of War’Unwilling to back down from the growing criticism that his foreign policy would be “dangerous,” Ron Paul told voters in Iowa that western sanctions against Iran are “acts of war” that are likely to lead to an actual war.
Paul said that Iran would be justified in responding to sanctions by blocking the Straits of Hormuz, adding that the country blocking the strategically important strait is “so logical” since they have no other recourse.
He then compared the situation to China blocking off the Gulf of Mexico to trade.
“I think the solution is to do a lot less a lot sooner, and mind our own business, and we wouldn’t have this threat of another war,” Paul said.
But if we go to war the economy will recover, says liberal economic PhDs as they point to the Great Depression/WWII and GDP.
WAR IS PEACE
Krugman is still itching for that "War of the Worlds" against space aliens... Then he might get Rubin, Summers, & Timmy G's old job...
War is peace, prosperity, and the American way of life. Ignorance and apathy is mature acceptance. Slavery is fair, so who gives a shit about freedom? Government is GOD, who will magically fix everything with currency spells and provide for all.
We need an Orwell 2.0.
Ron Paul economic/politics remind me of Andrew Jackson. The latter got rid of the central bank, and he was a no compromise president. Jackson not only abolished (let the charter expire) the national bank but also paid the national debt. Jackson was an underdog by the media and the bankers especially in the second election which He miraculously won. The people of his time rallied behind him and got him elected.
I don't know if the people will rally for Ron Paul. So what is the difference? Maybe, in 1800 most people worked for themselves and were self reliant, whereas now they/we are dependent on the government (SS, Medicare, unemployment, food stamps, welfare, etc). It is not only self interest but also fear of ending in the streets or worst.
I fear that Obummer will be elected again. We will go to war with Iran or some other country. And, we will have an absolutely crappy decade in the economy, security, infighting, etc.
Who do you think the 45,000,000 offically poor people receiving Govt assistance are voting for ?
Hardly any of them vote, besides they dont need to the elections are rigged in the first place. Who always wins? The banksters.
Your assumption is that no one wants work, a life, a nation, or freedom and a future. troll.
remind me of Andrew Jackson. The latter got rid of the central bank, and he was a no compromise president. Jackson not only abolished (let the charter expire) the national bank but also paid the national debt. Jackson was an underdog by the media
In today's media... Jackson would be branded a "racist" in a nanosecond flat (while the same liberal media snorted lines of coke with rolled up pieces of paper with his image on it), or stuffed them into the panties of Ukranian hookers...
Wasn't AJ a racist? The Cherokee might think so.
He was a man of his time. Didn't the founding founders own slaves?
Too much testosterone in them thar Straits of Hormonez.
"mind our own business..."
Now that would of course benefit our average citizen but would be detrimental to many special interest groups firmly in control of the government.....it has about as much chance of happening as the government passing term limits....all of which is clear evidence that our government does not operate for the benefit of its citizens.
You can't even isolate these "special interest" populations out...
I have a friend who IS NOT a neocon by any stretch of the imagination... In fact, she is somewhat liberal (as are many) in their general view of humanity...
In any case, she works as some kind of "software engineer" for some company that is a supplier, to a supplier, to a contractor, to... the DOD... She makes about $100K+ a year... It's amazing to see how, though she listens to me thoroughly about all the things that I tell her about (that get discussed DAILY on this blog)... She cannot make the connection that SHE is partly responsible as a facilitator...
As long as she's making her 6 figures and is in la la land, she's happy... She wouldn't ever dream of giving that up...
I've come to the conclusion that people will NEVER change until we are completely annihilated... There are too many out there who suck off the government tit (and can't comprehend that they are actually a snake eating their own tail...
...they have no other recourse." Except, that is, to stop threatening their neighbors with annihilation and cease work on the means to do so.
No doubt your conjecture will be confirmed by Rita Katz's SITE institute shortly for another Festivus Miracle.
pods
Snark aside, is it your supposition, far beyond Congressman Paul's simple "Rights" argument, that all reports of an Irani nuclear weapons program are entirely fabricated?
Well I would say that yes, the majority of reports about Iran are fabricated, embellished, or blown out of proportion.
Here is an article about the one IAEA report that said they were working on a program:
http://www.guardian.co.uk/world/2011/nov/02/iran-nuclear-weapons-programme
Just the fact that intelligence is involved with sniffing out their program to me says they want war with them. They have an MO in that regard, ie Iraq.
Throw in that Iran controls a certain amount of oil, and is rather independent in that regard and they have the bullseye on them.
To me, it is not up to my government to determine whether they in fact DO get a bomb.
I have become more and more disillusioned with my government's positions throughout the world, and connect the dots as to who gets a kinetic action. To me, it seems that many deserving nations do NOT get democracy (Saudi Arabia) due to them playing ball. As an individualist, I see no authority that was bestowed upon our national government for pre-emptive war in our supposed defense.
pods
karp4cy asked:
Considering the lack of any evidence for an Iranian nuclear weapons program, yes.
An armed society is a POLITE society -- a nuclear-armed planet had better be polite, because the consequences affect us all.
karp4cy wrote:
Yes, this is exactly what the US needs to do.
The IYR just gets slammed higher by the Fed every fucking day. Same pattern daily. A mini-sell off at the open and then a break-neck reversal higher all day long. Every movement down is met with massive bidding to force it immediately and violently back up.
Simply amazing that they can get away with it.
the house market crash was intentionally engineered, all debt related to housing bought up to make renters out of everyone! if you're on food stamps, can't afford medicare, and being a renter, thet got you by the balls! YOU ALL WILL BECOME OBEDIENT, OR OFF TO THE FEMA FAMILY FUN CENTERS YOU GO! no, you cannot take your PM's with you, but we do have free WI-FI!
1.2983 resistance - euro is everything for the present
they are gunning for 1.3025
What is it they call "doing the same thing over and over again and expecting a different result"?
Then what do you call trying to constantly make sense out of something that is nonsensical?
Why try to apply traditional logic meant for organic markets to a completely artificial environment?
Precisely the point of my pointing out the pointlessness of trying to make sense of these "markets".
Since March 2009, it's always been "Just one more rally, then...", but the "then" has never come. Not even close. Somehow, Rocky (Ben Bernanke) always pulls a rabbit out of his hat, the HFT bots take stock prices higher, the corporate media parrots the "recovery is coming along" line, and the proles remain asleep, dreaming of Super Bowl titles and warm sunny days spent at the beach.
Sounds right.
the globalists are buying up all debts, no matter the price, then crash markets, then demanding payback, in the form of perpetual taxes, on even the air we breathe. printed air money, exchanged for the real thing! ya, that's the ticket!
Well said Sabra1. Insightful and true.
Debt bondage is the Globalist dream for the plebs.
ori
I don't think they are expecting a different result.
I think we are going to get a surprise this weekend, ex. hedge fund closing, bank closing.
It feels weird
Not yet. There will need to be bad macro news first, and then a sovereign downgrade, then the bank collapse. Things will look ok while Iran and US/UK sabre rattle. Then once this phase of the looming war passes you will see either an IMF bailout of Europe, or the downgrades, maybe both. This will cause the system to rebalance all of the reserves Bernanke has swapped.
I am not going to guess where it goes at this point: EUR/USD $1....DXY 66....who knows how this plays out for currencie, bond markets, equitie, even PM. I would be as surprised to find everything priced at zero as I would to see everything twice as high. That is the level of ineptitude that spins the financial world on its axis.
When the underlying philosphy is made up of not only false premises and wrong theory, but claimed as science and as unrefutable, it not only makes the world complacent but creates avenues for the lies to sack the City. The thing is, the City has been sacked, now it is just the psychopaths burning it down to the ground for laughs.
Hmmh...well LH, perhaps life, in all it's dimensions is an un-solvable mutli-variablr quadratic equation meant to be lived and experienced instead, eh?
I find that tuning oneself is far more important than meeting devils dwelling in details.
ori
The boddhisatvas are still waiting, ORI
Was called to transmit a word in response LH.
Qunitessence.
ori
Breaking the buck. That always feels weird too.
YES WE DID IT !! The MARKETS ARE GREEN FOR THE YEAR !! Obongo can now take his well deserved holiday in hawai
I thought we were all promised a trip to Dairy Queen in the mini-van. Darn.
Right, go with the nice bearded man in the bear costume. 'Dairy Queen' is his favorite euphemism. See you on the evening news!
Just out on Belgian DVD: Ben the Pedobear Printer Goes for a Drive
Something is going to break. Seems if foreigners are dumping treasuries, then repatriating the money, then this movement in the market is okay. The only ones that will be destroyed are those in bond funds as yields will skyrocket.
In reality though, this is trying to make sense of the nonsensible.
Nothing is going to 'break'. They'll just rewrite the laws and rules to accomodate further can kicking. Only the non-elite citizens lose.
I mean break as in movements i.e. yields skyrocket or equites falling.
Also, me thinks Britian is one that was dumping treasuries and repating their USD to boost the GBP this morning.
Remember when thin holiday trading was dominated by short sellers? The fact that they cannot even push the market lower in this vapor environment is proof that there are no short sellers of consequence left in the market. We should get a nice conformation of all the bulls on one side of the boat as the new year commences.
I agree, Ive been commenting all thru these 'short squeeze rallies' that its not shorts, its the FED. I simply dont believe that shorts are so stupid, and apparently rich, to just line up day after day and stick their asses out to get kicked to provide a covering rally. Its the FED providing those rallies, not 'shorts'.
If NOT the FED...then the zombie banks levered up yet again to ridiculous and dangerous levels. Actually, the leverage is a foregone conclusion due to the fact that Average Joe just keeps putting stocks back to Wall Street firms, week after week, and yet the market maintains its buoyancy.
If you think the market is a short, then BLK would be the primary ticker to sell, as they are not only bloated with equity positions, but also bad European debt [unless they heard the warning shot and unloaded those...which would mean their quarter is shot]. As a short seller, BLK will be my primary target for selling in 2012.
However, I'd have to see some evidence, any evidence, that this is a market at all, anymore. Certainly have not seen any in December, as this market cannot even arbitrage the criminal syndicate Wall Street lemming that rushes in and buys the Roach Motel [SPY] when it is up midday. Repeatedly, that guy gets paid by the close.
Also, I really resent like hell the new centrally controlled fascist markets. This means war to me. Arrogant bitchez think we're too stupid to realize what theyre doing and whats going on? Well I do.
95%+ don't have a clue what's going on.
Fortunately we don't need them to start the revolution. Unfortunately they are proving to be quite the barrier.
If that is true, then why do we see constant evidence that Average Joe is fleeing for the hills re the equity market? Why is "economic collapse" constantly a top performer in Google searches? Why is Ron Paul so popular this year? Why is consumer spending down again this year? Why is MSM consumption way, way, way down? Why is the FED constantly on duty to prop up the debt and equity markets? Why are Americans persistantly buying silver and gold?
Seems to me that there are many, many facts that disprove your suggestion here.
Because they are scared as hell of it going down and getting stuck again. That's a reality but it hardly means they have a clue as to what makes it go up and down.
Most Americans aren't buying gold and silver. A small percentage are buying a ton of it.
As far as why the FED is propping up the market. Well, I suppose / suspect that it's bascially a confidence & propoganda tool. Most people associate the start of the great depression with the stock market crash. Also, if the Primary Dealers are doing the buying then keeping the equities up keeps their assets up.
Unless I'm have a conversation with Ben, after consuming a fifth of Jack Daniels, I hardly think I'll ever know exactly why they are doing what they are doing.
Sorry Boilermaker, but that hardly seems like much of a reply to the issues I put against your notion that 95% of people have no idea what is going on.
I think peoples' actions speak louder than any words they might mutter in the comment sectio of ZH...per understanding what is happening. Remember, it is Average Joe losing his job, his house, 401k. My guess is...he understands a lot.
Per the silver and gold issue, it isn't a stand alone point, but part of the pastiche. Plenty are buying PMs...to more or less a degree.
As for why the FED is doing the propping, that's easy. It has to as more and more capital exits. There is no capital formation going on in this market or this economy. That is one of the primary reasons the FED is printing to fill the gap. But yes, the Primary dealers are the conduit for FED activity...which ultimately sets up for the cannibalization and betrayal phase of this banker coupe'.
You failed to address Ron Paul popularity in the face of persistent MSM attacks. You failed to argue the critical point about Americans simply abandoning the MSM...which is why SOPA is moving forward.
And we did not even cover Congress and its all time low popularity, as well as President Zero's plunging popularity...even within his own base.
Sorry...but I don't think you can sweep the amassing evidence away that easily...at least not with me.
**but on your side is the Dancing with the Stars thing. I finally watched part of one episode. I had to bail...it was too painful to watch...and if that show is still hugely popular, you may well have a point :)
We agree 100% on one thing: Ron Paul or bust
You simply have more confidence in the average Joe's knowledge than I do. That's OK. I just don't witness any of it on a daily basis. Everyone is speculating on what's happening 'behind the curtain'. Certainly, there are all kinds of schemes and plots going on to protect the who's-who of the financial world.
The people I talk to have literally no clue whatsoever other than what the DOW sits at and what their 401(k) account balance is, in absolute terms.
I'm fine with agreeing to disagree...but again, I'm not talking about what people are saying....or any specific inside knowledge of the financial sector [although its participants are now as unpopular as politicians]. Everything I am citing to you are things people are DOING.
My faith in Average Joe...I confess it is shaky. I talk to idiots, too...they are out there. But the preponderance of evidence I have cited weighs against your argument.
I was in the 95% nine months ago. I'm still an average Joe, but if this system is going to fuck me (my 401k) again, I'd like to see it coming and at least have a chance to do something about it. I moved all of my 401k to the Guranteed Income Fund (Prudential) six months ago because something just didn't feel right. Then I stumbled on ZH. I'm still employed by the sponsor, so I can't yank the money out (I would gladly pay the 10% + taxes if I could). I started buying silver every chance I get. Thanks to my childhood collection, buying at $38 on down this summer seemed OK with DCA and I continue to buy weekly. This will be for my kids (I'm a divorced dad raising 2 on my own, both under 10). Until this thing shakes out, I feel much better missing a potential 10% gain in equities, than seeing a repeat of 2008 when I lost a shitload in my stock funds. My coworkers/employees have no clue what is going on. They listen, but that's it. My 70 year-old mother gets it. My 70 year-old Dad is a buy and hold old-schooler who still holds equity funds. !. My Mom has a 401k that she doesnt touch (or need to), and she moved it to cash. Last month she showed me some silver bars in her safe. I read ZH all the time, not for answers necessarily, but to understand what my questions should be. I could go on but I have to run for now. Let's just say, I'm one of the few who are awake now. And I'm afraid of the future that awaits my children. I may have slept through orientation to the NWO (I'm in my 40's), but my kids won't.
Congratulations on your awakening - this is the single best thing that you could have done for your children. Good luck and best wishes to you and your family. While few of us, if any, will be as prepared as we'd like to be, we'll be doing far better than we would have been if we'd remained asleep.
New since '87....or '13; take your pick.
When you control the debt of war, the players are mere pawns.
The Essence Of The Banking Industry...
From the 2009 film 'The International' inspired by the BCCI (Bank of Credit and Commerce International) scandal, comes the following truth:
When you control the debt of conflict, you control everything.
Calvini: "No, this is not about making profit from weapon sales. It's about control."
Eleanor: "Control the flow of weapons, control the conflict?"
Calvini: "No. No No. The IBBC is a bank. Their objective isn't to control the conflict, it's to control the debt that the conflict produces. You see, the real value of a conflict - the true value - is in the debt that it creates. You control the debt, you control everything. You find this upsetting, yes? But this is the very essence of the banking industry, to make us all, whether we be nations or individuals, slaves to debt."
I see war.
Only so much duct tape and bailing wire can be wrapped on the pressure cooker, somethings gonna to blow up.
Europe closing shop...BUCKLE UP! WE'RE GOING HIT THE BUYING THROTTLE!!
Someone is ramping the Euro, trying to affect all the correlators.
They have been turned off.
Euro ramp, oil down? No way. Euro ramp, S&P down? No way.
It's all unraveling.
OT.
Fucking bloomberg is turning into huffpo with this sex gossip crap.
http://www.bloomberg.com/news/2011-12-29/hurd-pursued-sex-with-contracto...
Wow, didn't know Gloria Allred is only 4' tall and all red
Anybody fully invested in REITS made a killing in 2011.
One of the biggest 3-year runs in history:
Simon Property Group: $28 to $130 non-stop
http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosetti...
Camden Properties: $17 to $62
http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosetti...
Meanwhile,
- Eric Sprott
- John Hathaway
- Rick Rule
- John Paulson
- Ben Davies
- John Embry
They got hammered with redemptions, one of the worst years ever.
All the gang violence in malls must be bullish or something. And as far as PM investing goes, well, let's just say pimpin' ain't easy.
I thought it was because everyone gave up online shopping darn.
Yeah... & the MALL OF AMERICA is on sale...
Having trouble finding a buyer I hear... The Rouse Company (which was the "good" company before General Growth got their stinking toxic mitts) was UNINTERESTED as a buyer for MOA...
So Robo... Do you have any more intelligent insights other than to tell us what certain paper stocks or ETFS did last year? As I recall... BAC hit $2 bucks back in '09 (before rallying on "mark to fantasy")... But after all the sugar wore off, it's heading back to $2 as we speak (as if it's really worth anything)... What was DXY in '09?... & despite the recent rally because of Euro collapse worries, what's DXY now? How come China & Japan are implementing their own exchang arbitrage rates as we speak...
It must be tiresome to be as foolish as you are... Hell, even if it's all a SARC ruse, it would be tiresome (for me), to even bother putting up such idiot comments as a joke...
That's funny, cause home prices went on a massive 3 year running streak as well, but then they collapsed.
You forgot the sheer dominance of OFC.
@robottrader
what a jerk with 20/20 hindsight
Reits did good for the year and it will more than likely continue. It's all part of the plan. Renters are screwed as these companies buy up distressed properties and can systematically raise the rents. Very few plebes are willing to get back into debt due to getting screwed before. Homeowners are underwater and walking away. These properties are getting gobbled up and the DCA of Reits is going down, meanwhile rents are going up! The REITS are in the power seat and if inflation rears its ugly head, look for even better profits.
and as more folks lose their jobs while rents go ever higher, once they understand who owns these properties and how they aquired them, the term "the roof is on fire" will go literal and best believe those will be some awesome parties if there ever were. Those 60's riots will look like so boring.