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Will you look at this monumental bullshit?
Public impulse this and private impulse that. What crap. Brent tacks on $10 or loses $10 and all this sillness is rendered trashable.
Hell, it's trashable now.
Fight Club Wall St.
The methodology makes sense but to think such massive forces can be measured to within a percentage point of accuracy? Yes, it's bullshit. It's another example of hocus pocus from Economists who want to show they are scientists too.
Squid is losing control of the markets without freebies from the Fed.
The squid lost control when the tsunami hit and they haven't regained it yet. Try as hard as they can the short interest is still out there, Europe is FUBAR and what will the Chinese do? Not a good time at Goldman.
Guess God isn't backing Blankfein's work anymore. Typically that's bad for business.
Here is an appropriate story of squids and "same sex sex" -
Amorous Squid Seeks Partner: Any Sex Will Do
It's scary that BS bernake holds so much power. Hope they do nothing tomorrow. We can't afford the asset inflation.
I may be showing my ignorance but what are the chances that what just <didn't> happen with the yen is a shot across Bernanke's bow from another corner of the world. The yen was approaching all time highs when what looked like an ordinary BOJ intervention started, but it failed. While the yen was being devalued there was something was quickly moving it back. My first thought was China flexing some muscle to tell Bernanke not to screw around with the dollar. Forex is above my pay grade though.
Japan has its own problems. Rising Yen = diminished exports which they can ill afford right now.
ROCK Bernanke HARD PLACE
I like that. Let's find a boulder to bury the Bernanke under.
No need, Bernank has a shovel and has been digging his own grave ...putz learnt all the wrong lessons from his 'study' of the 1929 Depression ...you can bank on peanut brained academic and political brains getting it wrong ...only commercial brains work
Satan aka Goldman always gets to fire the last bullet at Bernanke!
Doing God's work is never done... so long as there is at least a few smart-asses out there running around without debt up to their eyeballs. Heaven forbid.
I assume everyone here understands how truly fraudluent the GDP number is?
chrismartenson.com for those who want more detail and shadowstats.com for a more honest number
GDP is a fraud? Wha? Oh No. Can't be. Well maybe. Ok. So what? Rotflmao.
I still have some fiat dollars that need to be sold for gold. Bernanke better sit on his hands tomorrow and not trash my dollars more than they already are.
I think Hunter S. Thompson might have been wrong, re: The Death of the American Dream. According to Thompson, the day Nixon entered office (which roughly coincided with the end Bretton Woods agreement) was the day America died. Thinking this over, I think the Death of the American Dream might have been the day Goldman went public. While the history books will ultimately decide that fate, we have indeed become a nation of off the worst kind of junkies: greedy smack addicts.
Res ipsa loquitar.
Those movies are so hard to follow. Just saw where the buffalo roam a few months back, saw fear and loathing in the movies.
Thompson was completely underated for his political views:
It would be easy to say that we owe it all to the Bush family from Texas, but that would be too simplistic. Trhey are only errand boys for the vengeful, bloodthirsty cartel of raving Jesus-freaks and super-rich money mongers who have ruled this country for at least the last 20 years, and arguably for teh past 200. They take orders well, and they don't ask too many questions (obama?).
The real power in America is held by a fast-emerging new Oligarchy of pimps and preachers who see no need for Democracy or fairness or even trees, except maybe the ones in their own yards, and they don't mind admitting it. They worship money and power and death. Their ideal solution to all the nation's problems would be another 100 Year War.
Coming of age in a fascist police state will not be a barrel of fun for anybody, much less for people like me, who are not inclined to suffer Nazis gladly and feel only contempt for teh cowardly flag-suckers who would gladly give up their outdated freedom to live for the mess of pottage tey have conned into believing will be freedom from fear.
Ho ho ho. Let's not get carried away here. Freedom was yesterday in this country. Its value has been discounted. The only freedom we truly crave today is freedom from Dumbness. Nothing else matters.
Changing the subject, sorry. I just want to say I have been meeting with the IRS for ten days now, in 3 different cases. Our government really has become the Gestapo, and does whatever it wNts ignoring the rule of law, I am sickened by what I see and cannot wait to move out if this fucking dictatorship in 3 months. Fuck America and what it gas become.
If you land a job at Goldman, the IRS will soon forget all about you.
hmm so you quit America?
America quit the masses friend. I too, have been considering moving to a much less intrusive locale.
Perhaps Costa Rica
I am watching all markets like a hawk tonight. You know there is gonna be leakage somewhere. BB, what a schmuck. It's obviously getting scary to do his master's bidding. I wonder who he is more scared of? His master or the growing political and public anger. Did they promise him plastic surgery and a nice hidey hole somewhere?
The fact that commodities have been so quiet tells me that its not going to happen. Someone would have gotten the nod in oil to start buying, most of the commodities are slightly down. I think they are going to push it off for yet another month, they'd rather Europe to be at least somewhat fixed before pulling out their only gun. Once QE is announced, if markets go back down we'll be sacraficing first borns to stop the fall.
Geezzzzz, Extend and Pretend live on. Hmmmm. What If.........
There is one entity that can screw this all up because they do not play with the same rules as our banking cartel.
"Europe and Germany", they actually care about inflation. We do not.
Creative ways to say nothing while trying to sound brilliant
Very true. And we thought it was stupid in the 80's to see who was standing next to whom at the parades in front of the Kremlin. Now we decipher crafted phrases from the Fed.....transitory my ass.
Reading this tells me not to do business with these people. bogus guys
So why isn't the real economy growing & unemployment going down? Because the dumb ass federal guvmunt has given the RIGHT to print paper money to a bunch of pompous, obnoxious, greedy assholes instead of letting the "free market" (such as it is) print the money. Easy as that.
The "free market", even with all the guvmunt intervention, does a great job of producing everything else that we need. Why not the money needed to exchange all the stuff they produce?
GS is full of esoteric crap. That's why the real economy isn't growing.
Time to fire some shots at Goldman
Goldman IS the FED. They are the 2nd largest shareholder behind JPM. But I think GS is telegraphing the action and results from the FOMC meeting as they have all year long.
who owns fed?
have at it
The same people who own the Bank of England, the ECB and every other central bank on the planet. Only five central banks in the world are not owned by them.
Goldman may have just fired a warning shot at Bernanke, but two guided torpedos have already locked on to the squid. In 3..2..1..
here's how this reads:
blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, the drop in equity prices, appreciation of the dollar, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, more QE bonus pool crack or we'll hang you by your balls.
Our chairman who art at GoldmanBlankfein be thy nameThy rally’s come, God’s work be doneIn the Dow as it is in the NasdaqGive us this day our daily gainAnd forgive us our frontruning, as we punish those who frontrun against usAnd bring us not under indictmentBut deliver us from regulatorsFor thine is the cashflow, and the power, and the bonuses, forever and ever. Amen
WOW! That was awesome!
Goldman are losers, rich losers, but losers...
Can he get away with no news at this point? Is an 'extended period of low rates' no news because he already said that, so no news is bad news meaning stocks break? Sad we are still trying to use reason, rules an dhistorical precedent to come up with scenarios....being reasonable is getting expensive. Pathetic.
Finally, MMT goes full quant/PhD. Linear regression, meet misleading and meaningless economic definitions. Guess what? Tautologies are always true (including this one).
I prefer when the Fed and GS communicate in secret, rather than out in the open like this. Cmon Squid...
You think they don't communicate in secret? what gets communicated to the public is carefully crafted sheeple-feed meant to keep them occupied in the wrong place.
Have you seen how african lions hunt?
I played with my PMs tonight...I do not give a shit what that maniac asshole does anymore.
Print, my PMs up.
Don't print my short positions look ok
Do nothing then print..btfd in PMs
Like I said earlier, going to be interesting.
Good Night all.
If all sectors taken together try to reduce their financial balance—i.e. increase spending more than income and finance the difference by borrowing more or running down their cash balances—the economy will tend to grow above potential - Jan Hatzius
Provided the cost of carry that additional borrowing does not itself create too powerful a drag to growth. As the folks here off South Main Street USA know all too well with the Money Tree centered economy this drag is consequential and soon overcomes the ability of that particular segment to derive anything but retrenchment. This retrenchment is NEVER counter cyclical on a micro level and this phenomenon now appears to be the operative condition at the macro level.
Another great model by GS.
Love how it's got nearly as much historical data (2 years) as it does... future data?
If anyone reading this is a disallusioned GS client, I can sell you my own proprietary 'future' datafeed. It's garuanteed to be 110% more accurate than that used by GS.....
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