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Biggs as contrarian indicator: go long now!
Barton Biggs, the hedge fund manager who bought stocks when the market bottomed in 2009, cut bullish bets on equities amid concern the odds of recession have increased. Biggs said the chance of a recession during the first half of 2012 has risen to between 60 percent and 70 percent. (Source: Bloomberg)
Those dickwads are going to take turns finger-pointing at each other while the world burns. They just couldn't figure out how to steal just a little less of our money.
The assholes running this country (Republicans, Democrats, it’s all the same, really) have absolutely no qualms spending trillions of other people’s money. They’re not just spending our money, they’re bankrupting our children and our children’s children by consigning them to loans insuring that they will live in debt slavery from the cradle to the grave. The politicians don’t care, they’ll be long gone by then and their children and children’s children will be sitting pretty on the wealth that their parents and grandparents are stealing from you right now.
Let’s do a little game, and figure out how much of our money that they waste. Based on 112 million taxpayers, here’s some of their favorite ways to waste the money they steal from you:
Fractional Reserve Bankster University has decided to add a mandatory course for all incoming freshman, seeking to tie economics and existential philosophy together.
The course is entitled:
I print, therefore I am [J'imprime, donc je suis]; Econometric Philosophy Through Descartes Eyes 101.
I print, therefore I am [J'imprime, donc je suis]; Econometric Philosophy Through Descartes Eyes 101.
If the market keeps on like this, they won't make it to the 2012 election. The Republicans won't hold out, because they know they are not going to win. They cannot stand stock market pain. Printing to commence in 2Q 2012. All hail Obama.
the Republicans will win ...but it won't make a jot of difference
the voting system is a sham, the politicians are a sham, the Partys are a sham and the US Govt is a sham.. you'll get no change out of that rotten fruitcake machine
the only vote worth casting, the only political policy you can action, is to stop paying your taxes
Govt budget cut immediate. Tax cut immediate. Democracy immediate. Satisfaction Priceless
Point of contention:
Since 1970 the average marginal rate has dropped dramatically, and yet the individual receipts to the Government show a nearly flat rate. THERE IS NO CORRELATION AT ALL!!!
So the author's assertion that the GOP would need to print to cover lost revenue is not supported by the realities of recent history.
I believe they will make a deal.
You have to connect the dots.
1) Drive market down on poor news.
2) Buy the market.
3) Announce "surprise" deal. Cash out on the pop.
4) Immunity from inside trading -- and a great year end bonus for our two-headed government.
Too many dicks on the dancefloor.
really well said, they have no skin in the game and no real negative consequences for their actions. I am seriously wondering if I am nuts to have been expecting a violent re-pricing of Everything........you reall can't mess with Mother Nature indefinitely. World-wide MF scenarios playing out everywhere.
No opium unless the junkies vote for it
Printing will be a diaster. It will do nothing except maybe rise commodities or household cost and will not create jobs or raise real incomes.......the next step is revolution and the election of the next Hitler.
Perhaps in their total confusion the Republicans turn to ........ David Howell Petraeus.
Laffer curve, anyone hear of it?
everybody except Vincent Lanci, whoever the F that is.
What do you mean the "Super Committees lack of action" ????
Peloski-Trotski et al donned capes and spandex tights and called themselves "Super"
Is a costume change and 'slightly' over-leveraging the English language (by a Fed junk factor of 50:1) to describe their super inflated egos of their committee compared to their total in-capacity to perform not enough action for you guys!
a costume change and branding themselves "Super" ...that's hard work for a politician
Apparently Fancy Dress Rental Inc Corp DC., is not taking Peloski-Trotskis SuperWoman costume back ...she's dribbled "I'm going to save $4 Trillion" down the spandex and its not possible to dry-clean concentrated bullshit off
Please, could you call our EU Committees "Super", too?
Yanks get all the hottest toys and all the SuperHeros - and look how drab our leaders are... :-(
At least Berlusconi was well dressed and had hot company...
Berlusconi is the last piece of talent (ok talent spotter!) in Brussels... it's all dreary bankrupts from Goldman Sucks "top brained" staff from now doing "Gods Work" plundering nation States
'The Lord Works in Mysterious Ways'... Lloyd Blankfeins 'fuk-em-over' methology is anything but a mystery
..fleecing markets, clients, pension funds, sovereign funds and now whole countries
got to keep Sucks tanking turnover and profits up somehow.. asset stripping here we come... much Gold in Italy?
You Euros do not need committees of any kind. You are wise enough to let GS hand-pick your "leaders".
Yeah, good thing they don't do that in the US.
Yeah, JP Morgan cornered that side of the Pond
This may well be the worst written, worst thought out piece I have yet to read on 0 hedge.
One final comment regarding this statement, "we believe it is in the GOPs interest to have the economy be in its worst shape possible going into the election."
DO NOT BLAME THE GOP FOR THIS ECONOMY, YOUR FUCKING PARTY RAN BOTH HOUSES OF CONGRESS AND THE WHITE HOUSE FOR 2 YEARS AND DEBT INCREASED BY 41% AND NOTHING POSITIVE WAS DONE.
Two wings of the same bird, don't get it twisted. Don't listen to what they say, look how they vote lock step.
Just think how scary it would all be if they actually voted as they spoke... then unspoke... then respoke... then deny they ever said a word. Eraser sales would save the economy.
The false left/right paradigm is usually misunderstood. The point is not that there aren't philosophical differences, there are, and they often manifest in policy. The point is that the system is controlled, so the outcome is predictable. The point is that democrats and republicans will not 'save us' or even consistently act in our interests. That doesn't mean you shouldn't vote out of self-protection, nor does it mean that it doesn't matter if you vote for left or right.
Saying that there is no meaningful difference between the parties is right only in the end, when things fall apart: neither will prevent that, so we ought not invest our emotional energy in their game (with odd exceptions such as the Pauls). A clinical eye should be used to determine which people will do the least damage to your family. On the way to the end, the leftists will be busy fondling your genitals everywhere, forcing you to spend an average of $30000 on home improvements before you are allowed to sell your house (after government inspection by inspectors populating a brand new bureaucracy in every town of any size), forcing you to support ever-increasing levels of debt to support their army of supporters, teaching 5 year olds sex ed, beefing up their armies of looters and leeches, etc. All things they do or tried to do, not to mention Obama'care'. And remember it was Obama that lied and said our military is desperate for an internal police force just as large and powerful as our regular military. All of his fucknut supporters think that's just dandy, and three years later we have TSA agents stopping cars on the highway, while the border lies wide open, the fence abandoned. Want millions more poor, unskilled, non-English-speaking people here? You know how they vote, so you know who will keep the spigots open.
The incorrect understanding of the false left/right paradigm is a tool leftists use to excuse the fact that few people actually like sociopathic control freaks. There's a reason Ron Paul is not a democrat - almost to a man, the democrats disagree with him on everything.
No I'm not wrong! Your watching pandering, theatrics and skillfull manipulation of public opinion, IT IS ALL A GAME IF BOTH SIDES VOTE THE SAME WAY AT THE END OF THE DAY.
Go look up who voted to reinstate the Patriot Act after there were Congressman and Senators swearing up and down to kill the sunset clause, and they voted it back up.
They are highly paid public actors, the Stupid Commitee is proof that you can deadlock Dems and Repubs because they probably agreed that it's better to do nothing than do something not popular at this point like, cut spending budgets. Cutting budgets dosen't get you election votes. I have worked on 2 Election Campaigns and you hear the back stage coaching and prep secrets, it's all Bullshit, but it get's votes.
I agree, Idology may play a role in the public perception side of the fence, but not in the professional politics arena, example, Rick Perry used to be a Democrat not too long ago, hell.. Ronald Regan was a Democrat at one time. Repubs flip to Dem and vice versa, I have never flipped my affiliation.. ever, I just stopped voting. They don't care what team they are representing as long as the bigger picture agenda is met and the popular votes come flooding in.
Here are our 2 options.
2. Go to war, or both in that order.
When TPTB are out of Ideas, they take you to war, true story.
I agree it doesn't make much sense, but there have been worse articles. Just my opinion.
For my money, the Reagan nutjobs got things going (Gucci Gulch), the Pinstripe Democrats under Clinton made it infinitely worse (Rubin, Summers et al--traitors working for Goldman), and it's just gone down the tubes exponentially since.
Just take a Dow chart, put in on a linear scale (not logarithmic) and LOOK at it. Pretty obvious. One kink early 80s, another mid 90s, then...heart attack city.
These assholes on both 'parties' broke the damn thing. The thing we call capitalism, the thing that keeps us alive.
Neither Eisenhower nor Truman would have countenanced such treason and economic suicide.
Both of the treasonous parties take their orders from the Owners. If they are instructed to fall on their swords before the election to assist the Owners, they will. This Republican / Democrat theatre is just so much distraction bullshit. Everyone should wake up that it is just a diversion to destroy what remains of the Republic. I am not a dyed in the wool libertarian, but Ron Paul is the only one who the Owners don't have their collective fist up his ass. But they would kill him before they would allow him to be elected.
Like the first chart on this blog post. See the change in trend? And the other change in trend? The rules were being thrown out, the losses socialized, the gains oligarchilized, the whole shooting match sociopathicialized.
It's all in the market...blowup and haywire. Death by bipartisan corruption.
"It is their method to be the party of no to Obama’s ideas."
What ideas would those be? Perpetuate GW Bush's policies, both foreign and domestic? Raise spending to new heights of absurdity? Run the most openly corrupt, corporatist pig slop trough feed ever?
The guy has NO ideas. The guy has NO clue. Ideas? This author is out of his fucking mind.
every time i hear a partisan attack on this site it makes me woefully pessimistic. i would think that the readers here are smart enough to see some fundemental truths about who our illustrious 'representatives' represent.
Sounds like you need to drink more. ;-)
Whoa, caps much?
And I agree with the author's point. And he wasn't saying it to defend Obama/Dems. He was saying it as this is the obvious path to political greatness for the GOP (and it is!).
If the economy does well, Obama is in and by a landslide. If it sucks, then it's a 50/50 race, even if he ran against Lucifer. Look at what happened to Bush v Clinton in 1992 - Bush lied and raised taxes b/c the economy, like now, was in the shitter. He went on to lose the race. The GOP strategists took notice.
That's the problem with politics and politicans today: their strategies are based around helping themselves stay elected, but not helping people. But I don't blame the strategists and hte pols who listen to them, because the strategists are paid to win elections, not write policy. And of course, nevermidn the stakes involved with corporate lobbyists who hang on to their precious welfare.
It's the system, stupid.
MFL, I thought the same thing.
Then lets just put it this way: the GOP doesn't want Obama buying votes with expensive, temporary make-work jobs.
That's a helluva "Faithful Party Loyalist" button on your chest, there. I hear those things are bad for your blood pressure, especially when pressed by an enemy "Faithful Party Loyalist."
Meanwhile, the elites score another victory in the divide and conquer game called, "Let's you and him fight!"
Ballot box, or battle box? So, just what is it that you're voting for, again?
'On the Super Committee'
RON PAUL / KYLE BASS 2012 !
Stop Paying Your Taxes ...1,000x more effective than voting..
...you get to stop sponsoring illegal wars, corruption and Barny Frank and keep your Tax... Bingo! ..it's a Win-Win-Win
Zero Tax = Zero Govt
I draw mine out no. Always file for extension, which means I have to file the Fed taxes in mid-October. I have ZERO withheld from my checks for the Feds and will always owe them some money. When I send in my return in October, I never send the money due - wait for them to bill me, and then place it on one of their payment plans. Rinse and repeat. Hoepfully those fucks won't be around come 2013 and I can stop the game. If not, the next step will be to stop filing all together. Fuck the consequnces.
Can a group of elites fuck up anything more than they already have? I swear, if a group of retarded third-graders were running things, how could it be worse?
Print fellas, print - it's your only option now.
Will we make it to the election?
Bloomberg: Congress Will Undo Defense Cuts, Sessions Says
The Dems won this round: the sequestration automatic cuts is their target deal. Nothing like this comes without a price: Obama has been sacrificed. Obama will need to enforce these automatic cuts, which makes him look odious to the average citizen. No Obama next election.
And no automatic cuts. Do you really think there was a winner here, other than the banks?
Exactly right. Turns out the immediate cuts would not transpire until 2013. http://www.tfmetalsreport.com/blog/2978/absolute-farce
I guess there will be no tinkering with the automatic freaking cuts. I can just hear politicians now: "The machine did it. My hands were tied"
Actually I can't hear it, because it is never going to happen.
*reminds Rex about lifetime Congressional pensions*
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