• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

Guest Post: Looking Back To the Late '80s For 'Contagion' Guidance

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Fri, 09/30/2011 - 17:08 | 1727520 Clueless Economist
Clueless Economist's picture

I visited the Flight 93 memorial in Shanksville PA over the weekend.

The gift shop was selling flight 93 key chains, tshirts and towels with "Let's Roll!" printed on them - all made in China and Viet-Nam..absolutely sickening!!!

Fri, 09/30/2011 - 17:27 | 1727568 fyrebird
fyrebird's picture

That news just about wrecked my day. Seriously. Wrecked it. Just about. I'll have to do another round of Absinthe now. And that stuff is expensive ...

Fri, 09/30/2011 - 18:40 | 1727728 AldousHuxley
AldousHuxley's picture

Real Clear Markets

 

some sick joke of a website name. Markets are not real and certainly not clear. startup shite?

Fri, 09/30/2011 - 19:18 | 1727799 sangell
sangell's picture

A part Real Clear Politics, new aggregator site. Been around awhile. You ought to read it before you opine on it and expose your utter ignorance.

Fri, 09/30/2011 - 22:41 | 1728123 AldousHuxley
AldousHuxley's picture

site looks like shit...startups these days can do far better than this piece of work.

 

Thank your owner Steve Forbes for his conservative mouthpiece for making America great today!

Fri, 09/30/2011 - 19:36 | 1727824 Cliff Claven Cheers
Cliff Claven Cheers's picture

Boy, I guess it's true what they say, huh? There's a fine line between gardening and madness. 

Fri, 09/30/2011 - 21:20 | 1727999 Yen Cross
Yen Cross's picture

 ROOKIE!

Fri, 09/30/2011 - 21:24 | 1728004 Yen Cross
Yen Cross's picture

Great comment. The next bubble is fear based! Keep up the good post's>

Sat, 10/01/2011 - 10:14 | 1728734 covert
covert's picture

wierd! lets roll indeed!

http://expose2.wordpress.com

 

Sun, 10/02/2011 - 19:10 | 1731652 Ura Bonehead
Ura Bonehead's picture

Wow.  Just....  Wow.

Remember a number of years ago when Wal-Mart advertised that they were an all 'Made in America' shop?  Remember that?

Fri, 09/30/2011 - 17:14 | 1727526 mynhair
mynhair's picture

Wealth = guns, gold, girls, and a few hundred acres of farmland.

and a cat to pet.....

Fri, 09/30/2011 - 17:27 | 1727569 Yen Cross
Fri, 09/30/2011 - 19:06 | 1727781 mynhair
mynhair's picture

May your Yen cross your eyes.

lol

Fri, 09/30/2011 - 18:44 | 1727531 sitenine
sitenine's picture

Check out what Mohamed el- Erian, CEO of PIMCO had to say on NBR last night.

http://www.google.com/url?sa=t&source=web&cd=1&sqi=2&ved=0CDYQqQIwAA&url...

"We think that this is a time where you worry about the return of your capital and not the return on your capital."

Sun, 10/02/2011 - 19:16 | 1731662 Ura Bonehead
Ura Bonehead's picture

That was, of course, a famous bankster quote (Rockefeller, I believe).  And, of course, it has ALWAYS been true, not just today.

Fri, 09/30/2011 - 17:15 | 1727538 Freebird
Freebird's picture

Oh the shark has pretty teeth dear,
And he bears them dripping red,
A sharp knife has Macheath dear
And when he flicks it you are dead."

With apologies & thanks to Jesse

Fri, 09/30/2011 - 19:43 | 1727835 Cliff Claven Cheers
Cliff Claven Cheers's picture

It's a little known fact that cows were domesticated in Mesopotamia and were also used in China as guard animals for the forbidden city.

Fri, 09/30/2011 - 17:24 | 1727554 Yen Cross
Yen Cross's picture

 That was a great write! What a refresher course. I'm not sure what the monetary expansion numbers are now, relative to the late 80's.

    The early 90's were dismal in the R/E market, and the internet boom saved the market several years later. Percentages of larger numbers look " less threatening", but don't reflect micro issues as well.

   Perhaps I should " clone" Dinosaurs as "WMD's , and go long Boeing?

Fri, 09/30/2011 - 17:23 | 1727558 Traianus Augustus
Traianus Augustus's picture

the roof...

the roof...

the roof is on fire!

We don't need no water...

LET THE MOTHER FUCKER BURN!!!!!!

Fri, 09/30/2011 - 17:23 | 1727560 fyrebird
fyrebird's picture

Am I the only one getting an echo in here?

Fri, 09/30/2011 - 19:08 | 1727784 mynhair
mynhair's picture

Did you say something?

Dam Esteem ain't working....

Fri, 09/30/2011 - 17:25 | 1727565 New_Meat
New_Meat's picture
lmao--even the Tylerz get the dp disease! Guest Post: Looking Back To the Late '80s For 'Contagion' Guidance

 

Guest Post: Looking Back To the Late '80s For 'Contagion' Guidance
Fri, 09/30/2011 - 19:09 | 1727787 mynhair
mynhair's picture

At least it was corrected without the obequious (dup).

Fri, 09/30/2011 - 20:44 | 1727954 New_Meat
New_Meat's picture

:-)

Thu, 01/26/2012 - 04:28 | 2098994 jaffa
jaffa's picture

Specialised forms of guest books include hotel registers, wherein guests are required to provide their contact information, and Books of Condolence, which are used at funeral homes and more generally after notable public deaths, such as the death of a monarch or president, or after a public disaster, such as an airplane crash. Thanks.
Regards,
cv help

Fri, 09/30/2011 - 17:26 | 1727567 Freebird
Freebird's picture

 No feathery friend - one of the TDs hit the add post twice.

Fri, 09/30/2011 - 17:32 | 1727586 fyrebird
fyrebird's picture

Well can't they unpost it once? Or does my avatar have to break into their database and run the stored procedure for them? Oh wait she's still micro-trading AMD after hours. I'd unplug her but then she'd just get pissed and set me on fire. The little bisch.

Fri, 09/30/2011 - 18:00 | 1727593 Freebird
Freebird's picture

No, your avatar has not been approved yet

Fri, 09/30/2011 - 18:13 | 1727675 fyrebird
fyrebird's picture

Ah see they fixed it. I've got connections I have, oh yeah.

Or maybe Fortran was done tooling AMD after-hours and did like she was told. For once. She's still a bisch though.

Fri, 09/30/2011 - 18:24 | 1727699 New_Meat
New_Meat's picture

FORTRAN 66?  I had a fine date with her back in ... well, ... I can still remember us at Friendly's.

Dang,

- Ned

Fri, 09/30/2011 - 19:07 | 1727770 fyrebird
fyrebird's picture

A fine date? Can't be the same one then. The one I kinda know is demonic. Things really went to hell with 77. I think they must have messed up when they added direct file I/O to 66.  Chryst now every time I turn around she's hacking into someone's interwebs, downloading their DB2, granting herself root, and using my external IP address while she's at it. I keep threatening to put a MAC address block on the wi-fi but then she smiles and gives me this look like just try it meatbag and what are you supposed to do then? She'd just steal the wi-fi at Peet's and spoof my router and I'd still get in trouble. Little bisch.

She's cute though, in a imma-set-you-on-fire-4-teh-lulz sorta way. Damned machine, I should bury her in the basement. Again.

Fri, 09/30/2011 - 20:31 | 1727933 New_Meat
New_Meat's picture

non, non, non, this was actually a ... er ... human.  So, well, wasn't the same situation.

I was just a skoshi' piglet in those days, pluggin' in the plug-board-cables, putting in the load deck, running the program, emptyin' the hopper with the punch holes (that I ...he...hee) "sold" to the cheerleaders for "confetti".  Early geek-life.

Don't cha' know.

- Ned

Fri, 09/30/2011 - 20:51 | 1727964 Cliff Claven Cheers
Cliff Claven Cheers's picture

It's a little known fact that smartest animal is a pig. Scientists say if pigs had thumbs and a language, they could be trained to do simple manual labor. They give you 20-30 years of loyal service and then at their retirement dinner you can eat them.

Fri, 09/30/2011 - 21:22 | 1728001 New_Meat
New_Meat's picture

betcher' ass ;-)  have another beer on someone elses' tab

- Ned

Fri, 09/30/2011 - 21:28 | 1728017 The4thStooge
The4thStooge's picture

sounds like a job for monsanto

Fri, 09/30/2011 - 17:28 | 1727573 Racer
Racer's picture

The time warp must have created an anomaly in the fabric

Fri, 09/30/2011 - 19:45 | 1727839 Cliff Claven Cheers
Cliff Claven Cheers's picture

It's a little known fact that the tan became popular in what is known as the Bronze Age.

Fri, 09/30/2011 - 17:41 | 1727610 buzzsaw99
buzzsaw99's picture

preventing all the little depressions along the way is what will lead us straight into the greatest depression evah! RTC was the way to go. All those maggots should have been placed into receivership and the prudent should have been able to buy shit for pennies on the dollar  BUT NOOOOOO!!! we're going to kick the can bitchez and make all the dumb greedy fucks whole at the expense of everyone else. [/rant]

Fri, 09/30/2011 - 17:45 | 1727620 Yen Cross
Yen Cross's picture

Good rant Buzz .  [box it up] , and tell it like it is!   +1

Fri, 09/30/2011 - 17:47 | 1727625 sangell
sangell's picture

Very informative piece. thanks

Fri, 09/30/2011 - 17:48 | 1727627 TruthInSunshine
TruthInSunshine's picture

Buzz speaks the truth.

When private businesses go down, there's a liquidation sale, and the assets are sold off for whatever the market will pay.

When Wall Street's chosen few make galactically stupid, asinine decisions, The Bernank & Paulson-Geithner reach into our pockets and write them a blank check to make them whole and preserve bonus season.

Fri, 09/30/2011 - 18:04 | 1727666 fyrebird
fyrebird's picture

Well guess what -- it wasn't asinine for them was it! Boo-yah!

 

Bunch of God-damned monsters.

But. Who am I to talk. My literary muse sets people on fire.

Fri, 09/30/2011 - 18:25 | 1727694 Freebird
Freebird's picture

The computer says it prefers you with a bag over your head

Sorry man, its Friday...long lunch Lol

 

Fri, 09/30/2011 - 18:30 | 1727708 Duffminster
Duffminster's picture

This really is an excellent article.  What he doesn't say is that nothing like the RTC or other systems of the past are anywhere nearly enough to deal with the near infinite potential risk that the massive deivatives markets entail. 

The mathematical monstrosities that comprise the derivatives markets are beyond belief and it seems that the only thing that will "resolve" the problem is massive default, either that or the Fed's balance sheet has to grow to something like $500 trillion and all paper currency becomes worthless.

What I take away from it, besides a head ache for the appreciation of the complexity and insollubility of the problem is that the end result is gold becomes the defacto reserve currency by DEFAULT.

Duffminster

Fri, 09/30/2011 - 18:44 | 1727734 NumberNone
NumberNone's picture

Difference between the financial crisis of the 80's that was fixed and the crisis of today that goes on forever...HANDCUFFS!

Fri, 09/30/2011 - 19:46 | 1727843 RSloane
RSloane's picture

There seems to be an inexorable refusal to produce a plan that might mitigate significant problems. "Fixing" in this context means can-kicking, fabricating, and distorting information to give the appearance that problems are being dealt with. All of the energy goes into the lie and supporting the lie. No real thought goes into problem solving.

Fri, 09/30/2011 - 18:58 | 1727757 Cult_of_Reason
Cult_of_Reason's picture

"Operation Twist" might be more powerful than many investors expect.

As the Federal Reserve Bank of New York on Friday was releasing new details about the central bank's rate-lowering program, some bond-market strategists were already doing their own back-of-the-envelope assessment.

Their conclusion: Operation Twist could in some ways do as much—or more—for the bond market than its predecessor, known as QE2. The program also could prove to be a boost for stocks..."

http://online.wsj.com/article/SB1000142405297020340550457660131343498497...

Fri, 09/30/2011 - 19:50 | 1727856 mynhair
mynhair's picture

May TPTB bless this humble USDHUF holder.

Fri, 09/30/2011 - 20:02 | 1727877 Cliff Claven Cheers
Cliff Claven Cheers's picture


 A herd of buffalo can only move as fast as the slowest buffalo. And when the herd is hunted, it’s the slowest and weakest ones at the back that are killed first. This natural selection is good for the herd as a whole, because the general speed and health of the whole group keeps improving by the regular killing of the weakest members.

In much the same way, the human brain can only operate as fast as the slowest brain cells. Now, as we know, excessive intake of alcohol kills brain cells. But naturally, it attacks the slowest and weakest brain cells first. In this way, regular consumption of beer eliminates the weaker brain cells, making the brain a faster and more efficient machine.

Fri, 09/30/2011 - 20:37 | 1727942 Caviar Emptor
Caviar Emptor's picture

It's not the banks that failed. It's not real estate or the stock market. It's the entire system. 

What passed for economic decisions and policies were actually political decisions. 

Monetarists of the Chicago School aka Supply-Siders were militant crony capitalists aka fascism-light without the jackboots. Now even that seems to be coming into question: there wouldn't be an economic problem at all if all citizens were slaves working for the cronies.

In the name of saving the system from the near-death experiences of the 70s and 80s, the golden goose was cooked. We now have only the memories of what the good life was like for the middle class in the golden age. 

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