- advertisements -
prices and firings surge. ben is 0-2 in achieving his 2 mandates. even a weatherman has a better record.
Oh really? Looking at gold it seems he is scoring this time :-)
Gold to 1700 first then 1450 and maybe even lower.
Short it or STFU
99 weeks ago today was 10/22/2009
151 weeks ago today was 10/23/2008
151 week tally given in case this thing gets passed now.
"Initial Claims, +428, Exp. 411K, up from 417K (414K was revised upward of course); 22 out of 21 400K+ prints; Employment looking bad again"
Let's just drop the 'again'. It has never gotten better. The 'perception' of getting better was created by fudging numbers and creating temporary, gov't paid, stop gap jobs.
And now, fudging and/or hiding UE numbers by reducing worker participation is keeping the published UE number from going where it actually is; above 11%.
BTFD or STFU.
"They" will whack gold HARD. "They" HAVE to, they have nothing to lose but their ponzi banker scheme.
So rosin up your hands and get a firm grip on your sack, because this shit will be V O L A T I L E.
All I know is hamburger has gone from $2.79 a pound for 7% fat meat last year to $6.59 a pound for the same thing this year (236% increse), if that is price stability I will gladly switch to eating the Feds bogus reports. I need not even comment on employment.
Mein lieber ungarischer Freund, I think you already informed us about your idea of whats going to happen to GLD. There is no need to post it over and over again.
Don't feed the trolls
Trolls need to eat too. Plus, bashing them is good for our soul.
Smart comment, how about expalining why?
The FED does not have political cover for direct monetization. A massive decline in the stock market will do this. Margin calls will be forced, even on gold.
Expect a hard decline, just not quite as bad the last time it happened. "They" may even use this to naked short gold further as "They" have nothing to lose if they fail.
Might even happen a third time before "The Great Reset".
Maybe we should assign the Fed 10 mandates. Rudy von Bernankenstein would then be 80%.
around 2:30 EST it will become bullish, just like every other trading day...
BTFMU (Buy the Fucking Melt Up)
Nancy Pelosi said that unemployment benefits was the best economic stimulus you could provide.
Nancy Pelosi has an aggressive brain parasite.
Looks like Obama saved a lot on our car insurance...we saved $4.4billion in the current accounts. Now let him show us where he is going to spend that...
This is all so f*cking bullish I just came in my pants. At the bell I'm buying NFLX with both hands. Booyah, bitchez!
Exactly. Options on Ultra Long ETFs the onlyway to play it.
"22 out of 21 400K+ prints"
Over 100%! That can't be good.
wait for the revision later...
Refer to yesterdays articles about the intelligence of Amerikans!
What is this intelligence thing you refer to? I can quote football statistics like a baller and can name all of the Real Housewives of Fucked-Up County - aka real knowledge. What more do we need? Jailbreaking a smartphone? I gots that too bitchez.
A terrific leading indicator, to predict the level of uneployment and new claims each week, is only to count the number of posting here.
Note: The under 30's are in the streets, the under 60's post and the rest are watching TV and/or listening to Bloomberg, reading the WSJ etc..
I thought Bernanke recently reassured that the deflation we've been fightnig all this time in fact had been inflation, but that we shouldn't worry about it, as it was now on the decline?
Jeez, does that guy ever tell the truth about anything? How can such a lying sack of shit keep his job? I suppose he's compared to the likes of Geithner, but still...
His job IS to lie.
He reminds me of a man that has been caught by his wife in an affiar. Deny, deny, deny until the divorcepapers are signed. I am just wondering when the rest of the Americant public will finally file their divorce papers to the stock and banking markets, Mine have been signed, sealed, and delivered since 2008. Economic divorcee fun has it benefits you know.
Expected update, but hey look the Chinese are complaining about U.S. tresuries being a "bad" investment. My guess is that we will have a few good auctions shortly.
Looks like another green close today right? Bad news is good news? Unstable and collapsing banking systems are positive?
I think I'm starting to get the markets...no not really.
Remember the daily mad pumps that made no sense at all back around DOW 12,000-12,700 right before it sold?
Europe shrugged it off like hot peepee
There was a rumor that it was raining
I say lets print now and worry about 140 Brent later
I say lets print now and worry about blame China for 140 $200 Brent later
Here is the key...
August Real Earnings: -0.6% for real average hourly earnings M/M, -1.9% Y/Y. Real avg. weekly earnings -0.8% M/M, -1.8% Y/Y.
markets are going down the FED needs the cover..Ben will not commit to any QE today..Obuma will scream pass the GDamn bill please please it is ruining my gold swing I am so wee weed up.
Hold the Gold
You won't be sorry
You knew it was over when we had presidential comments about how things are all wee wee'd up.
this hurts so bad, but we are not worried about economy, the mkt has to go up regardless so BUY bitchez!!!
And the Detroitification of America continues!
Obama is the new Kwame Kilpatrick
Detroit's decline started way before his time. Didn't they start openly discussing "spreading the wealth" schemes, and attempting to implement them in the 60'es and 70'es?
There's no well-functioning society, which socialism can't destroy.
The Model Cities program was another gift of Johnson's War on Poverty.
I'm in Detroit, we are experiencing deflation here, the crack whores are offering 2 for 1 now, the rest of the country has a long way to go to catch up to us!
You sure that's not just increasing supply and lowered demand?
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