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And right now on CNBC: MF Global NOT in compliance with customer segregation requirements, according to CME Group. Customers = fucked.
Assholes like ex-Goldman CEO Corzine is everything that is wrong with these bullshit markets.
But we all know the score.
We're in the next Great Depression. Stocks will go up and down till the next World War.
Times change but people don't.
My advice? If you're a young man, don't join the army.
Being poor sucks. But it's better than being dead.
In fact, if you are a young man, look into becoming a priest or a paster of some church somewhere that offers such a thing over the interwebz. Not a joke.
Don't get your High School or Equivalency Diploma. Not a joke.
most people can survive shooting off a little toe, do it near a hospital, but wait till the last minute :)
I was going to give you your 9th + for comment, then I realized, you were watching CNBC.
"I was going to give you your 9th + for comment, then I realized, you were watching CNBC."
I gave em a +.......... an occasional report read here is far better that all of us being subjected to the CNBC bs spin machine every day, eh?
so italian yields are blowing up, and greece is slatted to hold a referendum. there isn't much world leaders can do at this moment since the referendum will make the next 8 billion euro aid tranche useless... although they'll give it to them anyway. also concerning the g20 summit, which is really a fundraising drive for the efsf, whose going to want to throw billions into a fund thats main investments are a country contemplating hard default, and soon to be imploding italian bond market. the italian bond market is the 2nd largest on earth, the efsf hasn't actually been leveraged yet, and at this point cant possibly raise the sums of money they'd like to from foreign investors. looks like they're stuck with whats left of the recently approved uly 21st amount in the efsf, which is no where near enough for italy. whats worse, if they use those funds before they leverage the efsf they'll only have a few dozen euros left to leverage... uh oh
Quite right. How can anyone seriously believe that people are going to invest in the EFSF against this backdrop. This whole thing is screwed on so many levels.
Adding fuel to the fire today. The Bernank just needs to step back and let it play out, he's not going to stop it.
Research on MF Global - including them saying they don't comingal clients money. Cramer is on CNBC defending Corzine tremendously!
They advised the G20 and invested Chinese governments money. Ranked number one on Comex, MF Global was huge.
he'd better start talkin'.
roll out the Guillotine...
tuesday, bloody tuesday....
edit: then again... we knew things are broken. We were just waiting for the moment somebody tells the emperor he's in his undies...
They call it Day of the Dead for a reason - Dia del Muerto, Dan Mrtva, etc . . . Wonder if the Italians and Greeks "celebrate" it.
Watch the long end Treasuries and FX for the big votes, PMs for liquidations. Even nat gas giving signals.
"Wonder if the Italians and Greeks "celebrate" it"
Yes, nobody in the office in Italy. Hence no italian market.
From now on everyone wears their underwear on the outside to preserve our precious bodily fluids!!
November 1st - Another Paradody of the day
"The Day the Euro Died"
brace brace brace... forget it eject eject eject
Don't eject - buy FUE! Stands for F you Europe....
I like this one (1m5s), very calm "oh shit":
Wow....shite is now hitting the fan.
Not even a proverbial fan. The ACTUAL fan.
Bullish for fan repair men and my manure piles.
Cue Hugh Hendry.
"I suggest you Hendry."
Ben is firing up the printing presses.
QE3,4 and 5 to be announced concurrently.
WW3. Cool. Who is playing for which team?
I call dirt farmer!
I'm long dirt myself!
I'm transitorily busy ... can someone take my place? Thanks.
lest you forget of course
The bankers will decide for us. It will then be up to the "intelligence" agencies to tell us what the ism is that we are at war with. It will then be up to the media inflate said villains. Our job is to get really scared and very patriotic.
also ... vote for the next puppet POTUS
Very bullish for ink and paper....
QE3,4 and 5 to be announced concurrently
Really? And the money goes to Europe? Because that's where it's needed at the moment. Italy will need at least $1T to fill the sinkhole that is opening up below it. You think Ben Bernanke, and by extension Barack Obama, is going to go forward with a $1T loan/gift to Italy 12 months before the elections? I think not.
This doesn't have anything to do with Barack Obama. The central bank will do what it wants to do. If it wants TSTHTF now, it will use "politics" as cover to not move forward with QE3, 4, 5, etc... Our political system is designed to keep 300 million people in the dark over who has real power.
Whether it really does or doesn't is irrelevant because it's perceptions that matter. During the debt ceiling standoff, the Republican/Tea Party claim was that Obama and the Dems were irresponsible with government spending and the deficit. Now fast forward to the present and Bernanke is goign to funnel hundreds of billions of dollars overseas at a time of massive deficits, high unemployment, and reductions in government services? How do you think that is going to play out domestically? Obama will have to take a stand for or against this new bailout because he is the President and because he nominated Bernanke for another term as Fed chief.
My point on politics being the way to keep 300 million people in the dark... everything you paint there is the theatrics around which levers are created to pull when needed. I tend to lose a lot of people when I go here... because, quite rightfully, anything can be painted in to fit the conspriratorial landscape. And to be sure, I don't believe everything is closely choreographed. For example, I don't know that I believe the Tea Party was 100% created to be the tool of the banker's austerity movement... but somewhere along the line it became that. The Tea Party has been corraled to the point where it can be used.
At the end of the day, if they ask Obama to take a stand for the new bailout and for QE3, 4 and 5, Obama will do the job asked of him. Just like the dove-ish candidate has become an uber-hawk president.
The emissary from Barrosso came and he was thrown into the well ...
It's OK Greece is going to bail them out.
In before rule 48
All souls day or all saints day
All Saints Day
You know who doesn't have a halloween hangover: KYLE BASS
Money - Its a gas
Grab that cash with both hands
and make a stash
Money so they say Is the root of all evil to-day
Money so they say Is the root of all evil to-day
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