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Futures Re-Open...Down

Tyler Durden's picture




 

Having twiddled thumbs all day, equity futures just reopened with a modest drop - extending losses from the overnight session. Volume handily picked up from this morning as we note Gold dribbling along at $1900 and a small rise in the Dollar Index. Swissy seems modestly bid - especially relative to EUR (which is holding below 1.41 for now against the USD).

 

We are also seeing the first runs come through in credit markets and it is not too pretty. Not quite as ugly as Europe but IG is 4.5bps wider at 125bps and HY 7bps wider at 690bps (though 3Y HY is 20bps wider at 553bps). Obviously, financials are the hardest hit so far with Goldman Sachs (+12 to 235bps) and Merrill Lynch (+19 to 389bps) the standouts in a quiet late session.

 

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Mon, 09/05/2011 - 18:22 | 1636020 dumpster
dumpster's picture

a burma shave

 couldn't repair your brakes, so I made your horn louder

 

Mon, 09/05/2011 - 18:14 | 1636023 sheeple2012
sheeple2012's picture

Risk off boo-yatches!

Mon, 09/05/2011 - 18:35 | 1636072 X.inf.capt
X.inf.capt's picture

BUY,BUY,BUY.....

 

PM's

i still like pre64 dimes more than gold...

Mon, 09/05/2011 - 20:07 | 1636375 SWRichmond
SWRichmond's picture

Pretty soon, each one will be a gallon of gas.

Mon, 09/05/2011 - 22:12 | 1636854 RockyRacoon
Mon, 09/05/2011 - 20:15 | 1636394 Prometheus418
Prometheus418's picture

I like the white metal too, but just out of curiosity, why dimes?

Usually, I go for the dollars or halves.  Mostly halves (walking liberties) because they share the same "heads" side as ASEs, and might be more recognizable as silver to a layperson.  Mercury dimes are kind of neat, though- provided you can buy them alone, and not just as endcaps to rolls of wheat pennies.

Mon, 09/05/2011 - 21:15 | 1636657 rocker
rocker's picture

All white metal is good.  Today you can buy Platinum and Palladium too.   Today I actually added to my US pre 1933 Gold Coin holdings.

I am with you on the halves. Been watching various halves and quarters.  It is all good and a smart thing to do.

Sell the market and Buy, Buy, Buy the  PMs.

Mon, 09/05/2011 - 21:49 | 1636777 Race Car Driver
Race Car Driver's picture

... why dimes?

 

Mercury dimes. They're easily identified (don't have to look at the dates) and when the SHTF, they're going to be used extensively for day-to-day purchases... moreso than quarters, halves and d0llars. The term 'one thin dime' came out of the Great Depression era because the dimes were used so often that they became smooth... and very thin. You can still find them in the junk bins.

Mon, 09/05/2011 - 22:18 | 1636863 X.inf.capt
X.inf.capt's picture

and the most important point of all, if i had silver morgans and wanted to buy, say a loaf of bread, there is no guarantee Mr baker will have CHANGE FOR 1 oz silver dollar (how many people really have ANY silver at all to continue commerce WSHTF)! god help you if you want to make small purchases with a 1 oz A.G.E. you cant spend it. besides the cost of 2 halves, 4 quarters or 10 dimes is the same, about 80 percent of spot, at least at my coin dealer. and maybe, just maybe, i can start  a business, on the down low, making change for the gold bugs...food for thought.

Tue, 09/06/2011 - 02:12 | 1637362 StychoKiller
StychoKiller's picture

Perhaps Mr. Baker had better set up an account with you, then.

Mon, 09/05/2011 - 21:23 | 1636698 HardwoodAg
HardwoodAg's picture

Esp the 1916D!  1921 was a fine vintage also.

Mon, 09/05/2011 - 18:48 | 1636117 johngaltfla
johngaltfla's picture

THE SPEECH as it shall now be referred to as, will cure all.

For about 3 ES points then it will crash again until the Fed meets.

Mon, 09/05/2011 - 22:08 | 1636845 jeff montanye
jeff montanye's picture

and for a somewhat longer term perspective there is http://www.hussmanfunds.com/wmc/wmc110905.htm

Mon, 09/05/2011 - 18:15 | 1636026 drink or die
drink or die's picture

At least when the stock market crashes, the average Joe 6-pack will place 100% of the blame on Europe.

Mon, 09/05/2011 - 20:42 | 1636518 IMA5U
IMA5U's picture

Joe 6 pack is too dumb for that. He'll drink his High Life and blame Obama

HIp 6 Pack of PBR will blame Bush and Capitaism
Latino 6 Pack of El Presidente will do the same
Black 40oz will blame the white man

Frat boy keg pack will either blame Europe or The Tea Party, depending what helps them get more action

Mon, 09/05/2011 - 21:16 | 1636663 rocker
rocker's picture

Yes, Goldman has offices in Europe too.   

Mon, 09/05/2011 - 18:18 | 1636039 trade the day
trade the day's picture

We would have gotten away with it if it weren't for those meddling Europeans

Mon, 09/05/2011 - 18:21 | 1636044 Belarus
Belarus's picture

Bernake has carte blanche now. Operation Helicopter Drop--into personal bank deposits. That will solve all the problems, right?

Mon, 09/05/2011 - 18:50 | 1636120 sunny
sunny's picture

And use the $$ to buy gold??  Silver???  Well, if he insists, it's worth a try.

sunny

Mon, 09/05/2011 - 20:17 | 1636401 Prometheus418
Prometheus418's picture

Don't forget food, water and heat/electricity.  Hate to see you have to spend your PMs for 'em.

Mon, 09/05/2011 - 18:27 | 1636045 unky
unky's picture

Quite a drop... now they are in time with QE3 on sep/21 ;- )

Mon, 09/05/2011 - 18:23 | 1636048 buzzsaw99
buzzsaw99's picture

I don't see why squid credit is gapping, they have the full fledged fascist efftard seal of approval.

Mon, 09/05/2011 - 18:24 | 1636049 JohnG
JohnG's picture

Tyler's - might be time for a refresher on index drop trigger points.........

Mon, 09/05/2011 - 18:37 | 1636051 bob_dabolina
bob_dabolina's picture

Down is relative...we are handidly up from the 2009 bottom

The auto industry is doing great as Obama stated earlier. After GM went bankrupt and IPO'd at $33 or whatever it was, is now steadfastly trading @ $22 and looking to really pick up some steam. 

The post office is looking great. 

Solar panels are flying off the shelves. 

Shit...are we lookin' at 2007 highs in the near future maybe before October?

If Maxine Waters get's her way we can spend another trillion dollars to create 250 jobs, so maybe the recovery is near. Maybe we can bail out her husbands bank a second time (only if we're lucky)

Meanwhile, big labor is all getting roudy because no one wants to buy their overpriced shit, but that's the republicans fault. If only the private sector would pay more taxes to subsidize their bloated pensions... those evil and selfish privateers.

Mon, 09/05/2011 - 19:10 | 1636203 Thomas
Thomas's picture

A full paragraph of snark. Does it get any better?

Mon, 09/05/2011 - 19:20 | 1636239 bob_dabolina
bob_dabolina's picture

CNN/FOX/DRUDGE/HUFFINGTON

Mon, 09/05/2011 - 19:24 | 1636254 Infinite QE
Infinite QE's picture

Dude, it's 251 jobs that Maxine sample the Waters will create. Just stick to the facts.

Mon, 09/05/2011 - 19:37 | 1636293 Long-John-Silver
Long-John-Silver's picture

Someone should hire you to write a reality show or just about any kind of show.

Mon, 09/05/2011 - 20:06 | 1636371 Pool Shark
Pool Shark's picture

 

 

Or he could write comedy for Obama...

 

Mon, 09/05/2011 - 20:11 | 1636385 New_Meat
New_Meat's picture

TOTUS writer just exited Stage Left.

Mon, 09/05/2011 - 20:16 | 1636397 nmewn
nmewn's picture

I'm applying for the position...told them I would do it for half of what he made.

They sounded interested ;-)

Mon, 09/05/2011 - 20:33 | 1636479 New_Meat
New_Meat's picture

don't cha' know ;-)

Mon, 09/05/2011 - 20:18 | 1636404 Long-John-Silver
Long-John-Silver's picture

Anyone with any sense at has already left in whatever direction an opening allowed. He's a disaster and no one wants to be associated with him when everyone realizes it. 

Mon, 09/05/2011 - 20:39 | 1636508 New_Meat
New_Meat's picture

LJS, au contraire meathead: but it isn't you, it might be the folks who have rather been embedded in the system, have no tendrils outside (especially within a 50 mile radius of DC--because there, well, thingz b boomin').

I know any number of folks who I'd trust in <various serious situations> who can't / won't go.

otoh--maybe you are right.

and maybe we'll have "embedded" folk.

go play!

- Ned

Mon, 09/05/2011 - 19:41 | 1636307 blueridgeviews
blueridgeviews's picture

Thank you for the laugh Bob. As far as my educated eye's can see we now have a country that is FUBAR.  I appreciate your sarcasm.

Mon, 09/05/2011 - 19:48 | 1636326 prophet
prophet's picture

dats really good, your best yet, someone should write a book on it

Mon, 09/05/2011 - 18:25 | 1636052 oogs66
oogs66's picture

Because Buffett kept the free warrants and is getting nervous?

Mon, 09/05/2011 - 18:46 | 1636090 bob_dabolina
bob_dabolina's picture

Buffet is giving his fortune away to a much higher cause.

Lifetime supply of Dilly Bars for sub-saharan African tribes. 

Mon, 09/05/2011 - 18:26 | 1636053 caerus
caerus's picture

excellent...

Mon, 09/05/2011 - 18:30 | 1636060 H H Henry P P P...
H H Henry P P P Paulson's picture

I think Buffett needs to go soak again and think about what he's done... but just with his head this time.

Mon, 09/05/2011 - 18:39 | 1636082 Two Towers AU AG
Two Towers AU AG's picture

But to think with his head.. he will need to sit over the pot and not stand in the bathtub.... lest he starts shitttin after he is done thinking on what he's done

Mon, 09/05/2011 - 19:11 | 1636206 Thomas
Thomas's picture

The appropriate phrase is "Buffett needs to take a bath."

Mon, 09/05/2011 - 19:44 | 1636315 delacroix
delacroix's picture

does that come with a haircut?

Mon, 09/05/2011 - 18:30 | 1636062 virgilcaine
virgilcaine's picture

Let me get a Dow 10k Party hat ready.

Mon, 09/05/2011 - 18:35 | 1636075 JohnG
JohnG's picture

But, but, that newsletter reader, oh, what's his name, MARK HULBERT, is calling for 13600.  He's an xpert ya know. 

 

(He's a loon.......)

Mon, 09/05/2011 - 19:12 | 1636209 Thomas
Thomas's picture

What does Gartman have to say?

Mon, 09/05/2011 - 19:17 | 1636223 JohnG
JohnG's picture

IF he was honest, he would tell us to fade his calls??

 

Or....

 

If I only had a brain....

Mon, 09/05/2011 - 19:38 | 1636299 Long-John-Silver
Long-John-Silver's picture

Me thinks you are a little optimistic....

Mon, 09/05/2011 - 18:30 | 1636063 Imminent Collapse
Imminent Collapse's picture

My only question:  Will it be a slow fall or a cliff dive?

Mon, 09/05/2011 - 18:46 | 1636104 caerus
caerus's picture

imo...slow fall began 7/25...neckline broken 8/2 - 8/4...expected ~120 pts (1360-1240) from neck at 1240 to bounce at 1240-120=1120 then possible test of resistance at 1240 (didn't make it) now plunge to 1080 and beyond with maybe one more bounce before bottom...

Mon, 09/05/2011 - 20:17 | 1636399 WonderDawg
WonderDawg's picture

I think another scary leg down that started last Thursday, might last another week or two, then a pretty vigorous bounce (which I'll attempt to ride up), maybe coinciding with some kind of Fed announcement toward the end of the month, then the bottom drops out and all of us bears make shitloads of money. But this is all speculation on my part, based on a conglomeration of info (yes, including Elliott Wave analysis) and anecdotal experience.

Mon, 09/05/2011 - 21:19 | 1636678 caerus
caerus's picture

agreed about thursday...descent may be more rapid though...i don't dismiss wave theory btw...nor gann's astrological theories

Mon, 09/05/2011 - 18:32 | 1636069 TradingJoe
TradingJoe's picture

Between "i want to give you money" and "now I can give you money" stand how many politicians!?

Mon, 09/05/2011 - 18:33 | 1636070 long-shorty
long-shorty's picture

This proves the PPT work for the government. They took a 3-day weekend.

Mon, 09/05/2011 - 18:34 | 1636073 digalert
digalert's picture
“I probably took more than anybody could survive. I was banging seven-gram rocks. Because that’s how I roll. I have one speed. I have one gear: Go.”

sizzle winning!

Mon, 09/05/2011 - 18:51 | 1636125 navy62802
navy62802's picture

I win here AND I win there.

Mon, 09/05/2011 - 18:35 | 1636074 disabledvet
disabledvet's picture

Quietus. Was there panic earlier? U over there...go hide that.

Mon, 09/05/2011 - 18:42 | 1636076 navy62802
navy62802's picture

Gold $2,000 and beyond. Bubble ... BAHAHAHA!! I think your economies are in a bubble instead. And when you come asking for bread, I'll tell you to go find your own.

PS: US futures are dropping like a rock. Gold at $1902.70.

Correction: $1903.30 and rising.

Mon, 09/05/2011 - 18:47 | 1636111 CClarity
CClarity's picture

What will the Bernank wait for?  The lack of confidence post Jobs Speech, 9/11 anniversary fear drop or perhaps patriotic lift, or credit/counterparty freeze in Europe?  Or will he really do "nothing" until September 21?  Or November?  Remember, he doesn't like to act early, just big.

Mon, 09/05/2011 - 19:02 | 1636164 navy62802
navy62802's picture

Bernanke is a ball-less scrotum flapping in the breeze. There is nothing he can do to avoid the coming rout. Nothing. And he knows it.

Mon, 09/05/2011 - 19:47 | 1636322 blueridgeviews
blueridgeviews's picture

Bernanke is waiting for the market to forget how little QE1&2 accomplished.

Mon, 09/05/2011 - 20:55 | 1636565 sun tzu
sun tzu's picture

It did manage to drive oil prices from $33 to over $100

Mon, 09/05/2011 - 18:51 | 1636123 anyways
anyways's picture

sure enough the official government manipulators will kick in 9.30 am.

Mon, 09/05/2011 - 18:59 | 1636144 virgilcaine
virgilcaine's picture

The only thing worse than a newsletter writer is  one who writes about other newsletters ..lol.  Its quite lucrative though, Bill Bonner is the King of THE INDUSTRY.

Mon, 09/05/2011 - 18:58 | 1636153 Tater Salad
Tater Salad's picture

I'm going to laugh my ass off when Obummer causes this downside in SPX to accellerate.  They should know better than to throw his mug up now, that's good for at a minimum (25) spx points.

And no fed, not yet, too soon and not enough pain to justify the moral hazard...when the people are begging, that's when you'll hear the pulse of the helecopter.

Mon, 09/05/2011 - 19:16 | 1636220 anony
anony's picture

Naw, when it's perfect timing to have the maximum effect on re-electing theBamster, that's when you will see real action.

Tue, 09/06/2011 - 08:25 | 1637748 Mitzibitzi
Mitzibitzi's picture

Not being facetious here. Genuinely asking.

Why do you guys in the US (the ones who take the whole election / party politics charade seriously, at least) put so much effort into re-electing a sitting President? Even if he does win, he can only do 4 more years, so what's the difference? Why not vote for somebody else from the same party instead?

I realize that in some cases it's probably as much about simply liking the current guy (though in Obama's case, maybe not so much) as anything else. Still???

Mon, 09/05/2011 - 19:06 | 1636173 virgilcaine
virgilcaine's picture

I get about ten financial newletter promos each month at my mailbox..they are junk mail so You cant do a return  to sender.. really a nuisance.  They are ruthless marketers of junk via the USPS junk delivery system.

Tue, 09/06/2011 - 01:32 | 1637307 ceilidh_trail
ceilidh_trail's picture

I mail credit card offers back to them in their prepaid envelopes with "No Thanks" written on them...

Tue, 09/06/2011 - 08:30 | 1637777 Mitzibitzi
Mitzibitzi's picture

I tend to wait until I have a neat pile, then mail each company back some junk from one of the other companies. Using the pre-paid envelopes provided, of course.

Keeps the Royal Mail in business and is therefore a sound work of civic responsibility, in my opinion.

I also once managed to get a glazing salesman and a credit card call center to talk to each other for a minute or two by placing the handsets of the landline and the wife's mobile face to face. Pure luck that they called at the same time but extremely satisfying. ;-}

Mon, 09/05/2011 - 19:05 | 1636176 Ellesmere
Ellesmere's picture

I'm going to clean up nicely tomorrow   : )

Mon, 09/05/2011 - 20:55 | 1636571 sun tzu
sun tzu's picture

how much do you charge for a bathroom?

Mon, 09/05/2011 - 19:05 | 1636180 Lone Mad Minute...
Lone Mad Minute Medic's picture

I can't believe I sat around all weekend waiting for Tuesday and the action to start. This must be what it's like to be on crack.

Mon, 09/05/2011 - 19:08 | 1636193 Lone Mad Minute...
Lone Mad Minute Medic's picture

It's like the deadliest catch. I set my pots in the financial waters last friday, and now I can't wait to see what I've cought. I'm tense and nervous and I can't relax.

Mon, 09/05/2011 - 19:14 | 1636216 anony
anony's picture

Have a cookie.

Tue, 09/06/2011 - 00:39 | 1637175 darteaus
darteaus's picture

You caught crabs. Lots and lots of King crabs. Congratulations.

Mon, 09/05/2011 - 19:17 | 1636226 stormsailor
stormsailor's picture

it will take 1113.75 on the hourly /es to break the uptrend.  then 1077 to resume the down trend.  just to refresh my memory, isn't lock-limit-down 5% of the closing price.  1142 x .05 = 57 points?  or has my memory gone.

Mon, 09/05/2011 - 19:19 | 1636233 anony
anony's picture

BTFD.

Mon, 09/05/2011 - 19:23 | 1636250 boiltherich
boiltherich's picture

short the fucking rallies.

Tue, 09/06/2011 - 01:34 | 1637311 ceilidh_trail
ceilidh_trail's picture

Do both

Mon, 09/05/2011 - 19:21 | 1636242 virgilcaine
virgilcaine's picture

One benefit of a soon to be defunct UsPs..less financial newsletter writers. haha

Mon, 09/05/2011 - 19:24 | 1636252 boiltherich
boiltherich's picture

sometimes this system gives me a headache.  Dupe.

Mon, 09/05/2011 - 19:25 | 1636257 mikmid
mikmid's picture

Drink a bottle of good scotch, I guarantee you will relax.

Mon, 09/05/2011 - 19:25 | 1636259 jmcadg
jmcadg's picture

The Euro is a piece of shit, but still it holds over $1.40. 

What the fuck does that say about the dollar.

Tue, 09/06/2011 - 08:35 | 1637794 Mitzibitzi
Mitzibitzi's picture

The Euro notes are prettier??

Although the one I'm suspicious of is the Australian currency. It's made of plastic so you can't even use it for wiping your arse. Can't burn it even, cos it'd just creosote up your chimney and start a fire. No use at all.

Mon, 09/05/2011 - 19:26 | 1636266 chump666
chump666's picture

and the DAX goes 5% neg, jeez Greece WILL be kicked out.  Just set your calendars, less than a mth.

Mon, 09/05/2011 - 19:36 | 1636287 Homey Da Clown
Homey Da Clown's picture

So glad I didn't wimp out on my QID, SRS. SKF and DXD.Easy 400 points down tomorrow.

 

I wonder how Uncle Warren is doing on that 5 billion infusion into BOA,now that  his  buddy Obama decided to sue 18 banks including ahem BOA.

 

"The FHFA accused major banks, including Bank of America Corp, its Merrill Lynch unit, Barclays Plc, Citigroup Inc and Nomura Holdings Inc of selling bonds backed by mortgages that should have never been packaged into securities."

 

 

Mon, 09/05/2011 - 20:20 | 1636416 chump666
chump666's picture

Should be some brutal selling on open, if the FED slides a QE3 cue (as in direct bond purchases) to the market, you may see a bounce somewhere.  But it will be sell on rallies, cause it's the chaos trade now.  Governments that once supported markets are now losing control of markets, the central banks are huge liability engines, so confidence is being eroded very fast.

The EZ will get rid of Greece very soon.

Total doomsday trade on because China is in the mix.

Tue, 09/06/2011 - 00:37 | 1637171 darteaus
darteaus's picture

That $5B was the payoff to keep WFC off the list.

Mon, 09/05/2011 - 19:56 | 1636344 Lone Mad Minute...
Lone Mad Minute Medic's picture

Uncle Warren will make a buck or two off that deal. He probably worked up the buy sue scheme with Ovomit. Little people like myself don't have the big imagination to dream up these money making deals. Just the banking three card montie system has me gafooted.

Mon, 09/05/2011 - 22:15 | 1636861 mt paul
mt paul's picture

Ovomit

 

good one 

+100

Mon, 09/05/2011 - 19:56 | 1636346 gina distrusts gov
gina distrusts gov's picture

The next trick will be general WAR after all it saved the bansters asses in the 40's  so they could play beth sides for profit

Mon, 09/05/2011 - 20:02 | 1636366 Lone Mad Minute...
Lone Mad Minute Medic's picture

I don't think America knows how to deal with a general war where America becomes the target. Could you imagine if New York , Chicago, LA looked like Berlin in the forties? During WWII America sent their men off to foreign lands to die. Today I don't think America has the backbone to resist a foriegn intity doing huge damage to America. We've pussified most of the people in our government re-education camps we call public schools.

Mon, 09/05/2011 - 21:59 | 1636809 tbone654
tbone654's picture

How about a world war?  Who lines up with whom?  Franklin said "grow your hedges high", I wonder if that's even possible...

Mon, 09/05/2011 - 20:13 | 1636392 Frankie Carbone
Frankie Carbone's picture

I love Warren Buffet. While the Judas goat was leading the herd to the slaughter, enticing them to pile in, I was buying TZA options for a handsome discount waiting for the herd to be slaughtered so I could feast off of them.

Brilliant move Warren. Thanks for fattening the cow for me!

Mon, 09/05/2011 - 20:27 | 1636448 franzpick
franzpick's picture

Prospects for some of the strongest German companies being heavily discounted today in the DAX closing numbers for leaders like DB. Infineon and Siemens down 8.9% to 5.5%, and lessor known leaders Bayer, Daimler, Merck, Lufthansa, SAP and Siemens down 4-6%.  DAX rise from 1Q 2009's 3500 to the recent 7500 has as of today been reduced by 56% of the 2.5 year gain.

I hope the long-delayed voice of Mr. Market is correct in the initial discounting of the final and total failure of the fallacious and corrupt Grimspin-Bernankie credit-binge-bailout.

Mon, 09/05/2011 - 20:43 | 1636527 PulauHantu29
PulauHantu29's picture
9 Political Beliefs Of Soon-To-Be Head Economic Advisor Alan Krueger Read more: http://www.businessinsider.com/9-political-beliefs-of-soon-to-be-head-economic-advisor-alan-krueger-2011-8#ixzz1X80ewrut
Mon, 09/05/2011 - 20:46 | 1636539 Ned Zeppelin
Ned Zeppelin's picture

Predict US yawns at Troubles in Europe, as oligarchs click their heels and await inevitable QE3, closes green or slightly down. 

Mon, 09/05/2011 - 21:06 | 1636619 topcallingtroll
topcallingtroll's picture

DIE YOU FUCKER DIE!

(now that I am more or less appropriately positioned)

Mon, 09/05/2011 - 21:16 | 1636664 Imminent Collapse
Imminent Collapse's picture

I wonder if TPTB can actually control the situation and get to where they want to go or if they will lose control to the chaos and get slaughtered themselves.  Personally, I think that they know what they are doing and it is going according to plan.  Anyone have any thoughts about this issue?

Mon, 09/05/2011 - 21:45 | 1636765 NumNutt
NumNutt's picture

I am sure that the former leaders of Egypt, and Lybia had a plan and thought they would controll the situation......if enough people get pissed off, the plan will fall apart, it has happened many times.....

Mon, 09/05/2011 - 22:18 | 1636857 Setarcos
Setarcos's picture

I'm not all that cluey on financial details, but I think I have sufficient general grasp ... enough to know it's all a giant Ponzi scheme and that, therefore, it must fail.

What I find very useful is knowledge of the rise and rise of the neo-cons and the PNAC ... which certainly pre-planned a lot that we have seen happen, e.g. the push for a NWO and specified wars against Iraq, Afghanistan, Syria, Iran and Libya ... all of which were supposed to be wrapped up in five years (as far as I recall).  So that's not panning out is it within the time frame, nor unaccounted for Empire over-stretch, nor the immense cost.

I'm going off the top of my head, so I've quickly checked  http://en.wikipedia.org/wiki/Project_for_the_New_American_Century to make sure I got some names right, e.g. Kristol, Kagan, Abrams and Cheney ... yes and there are dozens more in a virtual rogues gallery ... check "Signatories to Statements of Principle".

The background to the PNAC includes Leo Strauss who was originally a Trotskyist - thus a believer in "permanent revolution and creative chaos" ... he was 'guru' to Wolfowitz, etc. and, along with Ayn Rand and Milton Friedman, chief amongst the 'inellectuals'(sic) who have got us into this fine mess  http://proliberty.com/observer/20081008.htm

Considering that the economic model that's been in place since about 1980 ( which is NOT Keynesian) is part and parcel of the PNAC and considering that, manifestly, everything is going pear-shaped; the assumption must be that the bastards have lost control ... besides how could it be possible to plan anything successfully if your basic 'principles' involve permanent disruption?

Implicit is that they do not know when to stop and so WW3 is not impossible.

 

Mon, 09/05/2011 - 21:45 | 1636764 monopoly
monopoly's picture

 Guys what can we say. At some point it is over. Game, set, match.

Post office in great shape. That is funny. Yeah, for a cadaver.

Mon, 09/05/2011 - 22:09 | 1636841 Flatchestynerdette
Flatchestynerdette's picture

As soon as I saw the ZH article I thought oh brother, the vacuum tubes of America's heavy thumbs will make the numbers look good by the end of the day and then I saw YOUR post that said BUY BUY BUY and I figured - good place to park my post under. Thanks for the curb spot.

Tue, 09/06/2011 - 05:28 | 1637545 Mentaliusanything
Mentaliusanything's picture

I care not a Jot - The rest of the World has markets that are down 30% from the top of the ant hill........

America is still flipping through the TV channels and scratching their Balls while waiting for take out.

Long tail anyone.

Pearls to Pigs ... really

(or should I dare say... Beatches)

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