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Is It Time For The Financial World To Panic? 25 Reasons Why The Answer May Be Yes
Every now and then it is easy to forget that the one or two "better than expected" data points blasted by flashing headlines do nothing that merely mask what is an otherwise quite deplorable and deteriorating reality. For the disconnect between America and the rest of the world look no further than this chart showing the dramatic divergence between the DJIA, which has just gone positive for the year, and every other major global stock market. Yet for those who require a narrative to go with their numbers, here is The Economic Collapse with the latest of their traditionally comprehensive bulletins, this time summarizing the "25 signs that the financial world is about to hit the big red panic button."
From The Economic Collapse:
The following are 25 signs that the financial world is about to hit the big red panic button....
#1 According to a new study just released by Merrill Lynch, the U.S. economy has an 80% chance of going into another recession.
#2 Will Bank of America be the next Lehman Brothers? Shares of Bank of America have fallen more than 40% over the past couple of months. Even though Warren Buffet recently stepped in with 5 billion dollars, the reality is that the problems for Bank of America are far from over. In fact, one analyst is projecting that Bank of America is going to need to raise 40 or 50 billion dollars in new capital.
#3 European bank stocks have gotten absolutely hammered in recent weeks.
#4 So far, major international banks have announced layoffs of more than 60,000 workers, and more layoff announcements are expected this fall. A recent article in the New York Times detailed some of the carnage....
A new wave of layoffs is emblematic of this shift as nearly every major bank undertakes a cost-cutting initiative, some with names like Project Compass. UBS has announced 3,500 layoffs, 5 percent of its staff, and Citigroup is quietly cutting dozens of traders. Bank of America could cut as many as 10,000 jobs, or 3.5 percent of its work force. ABN Amro, Barclays, Bank of New York Mellon, Credit Suisse, Goldman Sachs, HSBC, Lloyds, State Street and Wells Fargo have in recent months all announced plans to cut jobs — tens of thousands all told.
#5 Credit markets are really drying up. Do you remember what happened in 2008 when that happened? Many are now warning that we are getting very close to a repeat of that.
#6 The Conference Board has announced that the U.S. Consumer Confidence Index fell from 59.2 in July to 44.5 in August. That is the lowest reading that we have seen since the last recession ended.
#7 The University of Michigan Consumer Sentiment Index has fallen by almost 20 points over the last three months. This index is now the lowest it has been in 30 years.
#8 The Philadelphia Fed's latest survey of regional manufacturing activity was absolutely nightmarish....
The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, decreased from a slightly positive reading of 3.2 in July to -30.7 in August. The index is now at its lowest level since March 2009
#9 According to Bloomberg, since World War II almost every time that the year over year change in real GDP has fallen below 2% the U.S. economy has fallen into a recession....
Since 1948, every time the four-quarter change has fallen below 2 percent, the economy has entered a recession. It’s hard to argue against an indicator with such a long history of accuracy.
#10 Economic sentiment is falling in Europe as well. The following is from a recent Reuters article....
A monthly European Commission survey showed economic sentiment in the 17 countries using the euro, a good indication of future economic activity, fell to 98.3 in August from a revised 103 in July with optimism declining in all sectors.
#11 The yield on 2 year Greek bonds is now an astronomical 42.47%.
#12 As I wrote about recently, the European Central Bank has stepped into the marketplace and is buying up huge amounts of sovereign debt from troubled nations such as Greece, Portugal, Spain and Italy. As a result, the ECB is also massively overleveraged at this point.
#13 Most of the major banks in Europe are also leveraged to the hilt and have tremendous exposure to European sovereign debt.
#14 Political wrangling in Europe is threatening to unravel the Greek bailout package. In a recent article, Satyajit Das described what has been going on behind the scenes in the EU....
The sticking point is a demand for collateral for the second bailout package. Finland demanded and got Euro 500 million in cash as security against their Euro 1,400 million share of the second bailout package. Hearing of the ill-advised side deal between Greece and Finland, Austria, the Netherlands and Slovakia also are now demanding collateral, arguing that their banks were less exposed to Greece than their counterparts in Germany and France entitling them to special treatment. At least, one German parliamentarian has also asked the logical question, why Germany is not receiving similar collateral.
#15 German Chancellor Angela Merkel is trying to hold the Greek bailout deal together, but a wave of anti-bailout "hysteria" is sweeping Germany, and now according to Ambrose Evans-Pritchard it looks like Merkel may not have enough votes to approve the latest bailout package....
German media reported that the latest tally of votes in the Bundestag shows that 23 members from Mrs Merkel's own coalition plan to vote against the package, including twelve of the 44 members of Bavaria's Social Christians (CSU). This may force the Chancellor to rely on opposition votes, risking a government collapse.
#16 Polish finance minister Jacek Rostowski is warning that the status quo in Europe will lead to "collapse". According to Rostowski, if the EU does not choose the path of much deeper economic integration the eurozone simply is not going to survive much longer....
"The choice is: much deeper macroeconomic integration in the eurozone or its collapse. There is no third way."
#17 German voters are against the introduction of "Eurobonds" by about a 5 to 1 margin, so deeper economic integration in Europe does not look real promising at this point.
#18 If something goes wrong with the Greek bailout, Greece is financially doomed. Just consider the following excerpt from a recent article by Puru Saxena....
In Greece, government debt now represents almost 160% of GDP and the average yield on Greek debt is around 15%. Thus, if Greece’s debt is rolled over without restructuring, its interest costs alone will amount to approximately 24% of GDP. In other words, if debt pardoning does not occur, nearly a quarter of Greece’s economic output will be gobbled up by interest repayments!
#19 The global banking system has a total of 2 trillion dollars of exposure to Greek, Irish, Portuguese, Spanish and Italian debt. Considering how much the global banking system is leveraged, this amount of exposure could end up wiping out a lot of major financial institutions.
#20 The head of the IMF, Christine Largarde, recently warned that European banks are in need of "urgent recapitalization".
#21 Once the European crisis unravels, things could move very rapidly downhill. In a recent article, John Mauldin put it this way....
It is only a matter of time until Europe has a true crisis, which will happen faster – BANG! – than any of us can now imagine. Think Lehman on steroids. The U.S. gave Europe our subprime woes. Europe gets to repay the favor with an even more severe banking crisis that, given that the U.S. is at best at stall speed, will tip us into a long and serious recession. Stay tuned.
#22 The U.S. housing market is still a complete and total mess. According to a recently released report, U.S. home prices fell 5.9% in the second quarter compared to a year earlier. That was the biggest decline that we have seen since 2009. But even with lower prices very few people are buying. According to the National Association of Realtors, sales of previously owned homes dropped 3.5 percent during July. That was the third decline in the last four months. Sales of previously owned homes are even lagging behind last year's pathetic pace.
#23 According to John Lohman, the decline in U.S. economic data over the past three months has been absolutely unprecedented.
#24 Morgan Stanley now says that the U.S. and Europe are "hovering dangerously close to a recession" and that there is a good chance we could enter one at some point in the next 6 to 12 months.
#25 Minneapolis Fed President Narayana Kocherlakota says that he is so alarmed about the state of the economy that he may drop his opposition to more monetary easing. Could more quantitative easing by the Federal Reserve soon be on the way?
And the conclusion which is, as usual, spot on:
Things have not looked this bad for global financial markets since 2008. Unless someone rides in on a white horse with trillions of dollars (or euros) of easy credit, it looks like we are headed for a massive credit crunch.
What we witnessed back in 2008 was absolutely horrifying. Very few people want to see a repeat of that. But as things in the U.S. and Europe continue to unravel, it appears increasingly likely that the next wave of the financial crisis could hit us sooner rather than later.
None of the fundamental problems that caused the crisis of 2008 have been fixed. The world financial system is still one gigantic mountain of debt, leverage and risk.
Authorities around the globe will certainly do all they can to keep things stable, but in the end it is inevitable that the house of cards is going to come crashing down.
Let us hope for the best, but let us also prepare for the worst.
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L0L! evil1! do napoleon too! after john law, the revo, the guillotine, a few tries at democracy, a few more tries at a monarchy, let's get to the empire, here! the gold standard that "swept europe" and his successful capture of wherever that wuz, somewhere in rooooskieville. moscow? st pete? anybody know?
unfortunately for our ace artillery lieutenant, all the slaves + owners had bailed and taken the food, too. poor emperor! couldn't even feed his horses! so his victorious soldiers ate them. then, walking home, they ate the harness, too, and probably (?) each other, while being ruthlessly counter-attacked on "napoleon's retreat" by extremey pissed off locals whom they had "conquered" on the way in!
rough duty, BiCheZ! empires make biiig mistakes, sometimeZ!
Germany never should have given up the DM for the Tueuro. I had heard they did not destroy the DMs and they are in storgae.
He who panics first...
Ridiculed Survivalists, Gold and Silver Bugs on Zero Hedge.
...panics best?
Zombies don't panic.
They just flash mob and eat everyone's brains.
Just imagine, movie zombies were the first flash mobs.
Huh-rah!
I hate the new Fast Zombies.
Isn't that he who laughs last?
This fall will likely be epic in the markets. prepare accordingly.
"Unless someone rides in on a white horse with trillions of dollars (or euros) of easy credit, it looks like we are headed for a massive credit crunch."
Could be a white horse or a Trojan horse or a hobby horse or a horse destined for the meat factory, but Obama is riding in with trillions of dollars of easy credit on Sept 7:
"President Obama has asked to address a joint session of Congress on September 7th at 8 p.m. (ET) to outline his much-anticipated jobs plan, the exact same time that Republican Presidential candidates are scheduled to participate in a televised debate. White House Press Secretary Jay Carney said today that the timing was purely “coincidental.”
http://abcnews.go.com/blogs/politics/2011/08/obama-requests-joint-sessio...
"Could be a white horse or a Trojan horse or a hobby horse or a horse destined for the meat factory, "
I think the horse is Mr Ed. Long dead from too much sweet money cubes.
Sept 7... Interesting, that is the same day Germany's supreme court is going to rule on the legality of Euro/Greek bailouts... Mark your calendar for fireworks day... or not.
. . . if that doesn't play out, there's always the 10th anniversary on the 11th, with a full moon at 2am on the 12th. . .
15 previous empires abandoned the gold standard and every single currency collapsed, causing widespread fear and damage. Gold (and Silver) is 15-0 in head to head battles. How can you bet against this record?
Not doubting your statement, but a list and/or source would be nice.
or u and your greenie plus-up could do the actual research that would be actually required to actually consider the validity of the post.
just say'in
- Ned
http://www.silverbullion.co.za/history-of-fiat-money.html
http://www.amazon.com/Fiat-Paper-Money-Evolution-Currency/dp/tags-on-product/0964306611 for full details.
available here:
http://www.localbizblogs.com/fostercoinstamp
Patriots were 18-0 when the Giants beat them in Super Bowl XLII.
/sarc
My boy is a big pats fan. I bring that one up whenever he needs to be taken down a notch.
Accumulating Gold is for old fucking bourgeois men.
Ya'll can go shoot yer selves with your gunny guns.
the strange burial crypts of Jardines De Humaya. notice all of the crosses on them. most of these burial crypts for dead drug capos(as they call them in mexico) are bigger and nicer than most mexican houses...capo means soldier and that is all these drug kingpins are. soldiers. someone else is doing all of the heavy lifting , thinking wise and capitalization wise etc....it is my contention that the russian mafia are the real brains of this outfit...
http://www.hispanicallyspeakingnews.com/notitas-de-noticias/details/its-...
Drifter, just got back from my bike ride, saw a young lady speaking Spanish get out of a 8 seris bmw to give a bag to some kids on bikes...no russian heard.
well there are bosses and then there are bosses...........just look at the situation with allen stanford. that fund he was running out of houston was a drug profits laundering operation under the auspices of the russian mob. does it take a whole lot of faith to believe that some organization is running this whole drug scheme from behind the scenes? i don't think so. these mexicans shoot each other and have wars and the real bosses sit back and collect the profits and launder the money through the stock market and other areas and as far as mexicans killing each other in great numbers? they could care less....one more thing. if these mexicans ever thought about taking over the biz, so to speak, i promise you, if you think the killing down there is bad now, you just wait........then the american army will intervene for some reason, doncha know....etc, etc........i just find it interesting how the mexican religious mindset can allow a cross to be put on their tombs, like that really means something....yeh sure, they go to purgatory and work off their sins.......yeh sure.........yeh sure....
Look up "The Merida Initiative"
We should bomb the piss out of it, so it looks like goddam Beriut. Why? Because I feel like destroying something beautiful.
And your theory has a nice sound to it. Why did this wealth and power and organizational stucture just crop up in the past 10 years? Why not back in the 80's or 90's?
KG used to B?
Not sure about the mid levels, but the Illuminati (Rothschilds, Rockefellers, etc) are the ones at the top of all this. They always have several layers of well paid lackeys below them to keep them from getting caught.
From what I understand they make most of their illegal money in the:
In addition to what they are legally stealing, using tools like the Ferderal Reserve banking system and K street Lobyists.
They will also be the ones to profit most from the financial armegeddon this article talks about, unless someone or something stops them.
drugs are part of the plan to destroy a culture and break down the family unit etc. what is bad about it , is that it takes two to tango. one offers and the other accepts , so who do we blame for this?
When one is born into a prison of the mind (a.k.a. instilled false belief systems), it isn't surprising that so many seek to escape from it the only way they know how. Add to that the ever downward spiral of social decay it causes, and well... where did I leave my crack pipe again?
Kinda like the welfare state.
i saw a show on PBS a few years ago and they went out and talked to some black families, i think down in new orleans. they had 3 generations of people in this government section 8 housing unit that had never had a job, their entire lives. how can someone go from their youth to old age and never work a day in your life? amazing if you ask me...
Better than working for decade to get old and disgusting to heap up some gold bars and weapons.
Ya'll can fuck right off and die.
Familar with Jesús Malverde?
I'm still a bit foggy on this...So how do I read this...Christmas is going to be good or bad this year? Do I plan a new set of blocks for the kids or can I go ahead and buy that car we've been talking about?
Buy the car...as long as it is in 1/24 scale, and comes with a tube of glue...
yeah and if it turns really bad you can sniff the glue
"Looks like I picked a bad [year] to stop sniffing glue."
ah, its not looking so good right now, doncha know....
might want to get you a TDi diesel so you can pay the local thugs to syphon fuel out of peeps heating oil tanks.. if it comes to that.
Buy a car? Yeah, for cash. Stay out of debt... If money dries up, more jobs dry up, any debt is difficult to pay off.
Mish recently had an article about people mailing their car keys to finance companys/banks. Not only home jingle mail now... working down the debt chain.
Hyperinfaltion just makes your house and car easier to pay for! Yay! sarc.
The only difference is that the FED has no shame to print trillions.
That's the funny thing about collectives, there's no human traits to inhibit the individuals just "doing their job."
OT: Will we have a federal budget THIS year?
No, another CR.
Boner just rejected the huge political speech. I'd be hopin' that in the furball, the fact that there is no budget would come out in a way that the sheeple could figger it out.
But, well, I'm not holding my breath.
- Ned
Two were submitted...both died in the Senate.
Barry's 97-0.
Ryans 57-40.
I understand the alien invasion will be arriving daily (which explains why we haven't scheduled QE3) and per Krugman, everything will per good. Except for the death, anal probes, etc...dunno what everyone is panicking about.
Why do anal probes always get a bad press?
apparently you have never had a colonoscopy
Had three. Would not be alive today w/o, and the DRUGS!!!!
Best nap I ever had. No wonder that M. Jackson creep was addicted.
Fentanyl...
aka Michael Jackson's bedtime milky drink. administered by a qualified medical practitioner of course.
An alien invasion is the only thing that would distract the world from this ongoing clusterfuck.....
Wouldn't put it past TPTB to try a stunt such as this....
Ok we admit it we have made contact...
Or Roswell was a saucer and here is their message....
Or
You get the picture.....
Oh fuck me - THAT would truly complete this fucking clown-show.
LMFAO.
http://www.whale.to/b/casey_h.html (that was 30 years ago)
With Irene past us, we can do a mini-Krugman experiment and see how thangz go. - Ned
Naw - gotta wait for Katia to really screw the pooch first.
on cnbc they just said that the market is going to plummet in the next two months. wow.
they are basically always lying, so we are to understand they are trying to pump up risk premiums on hedges, and that the big boys are making alot of money selling insurance into the qe3.
the real story is that , assuming qe3 is coming, what is going to happen after qe3. is it possible that the market begins a huge bear leg after qe3? that qe3 is literally not going to used to support asset levels and literrally just shoved into cash....ALLOWING THE MARKET TO CRASH , only to buy it back at dow 7000?.
seirously this could be the plan of the fed. to ROB the public of their savings as they are eventually forced to sell. they might be planning another lehman. wow. perhaps, making wells fargo the next target. i only say wells because they are one of the bigger banks that is not as tight as the goldman-jpm-bac triumbanksterit.
people are all looking at bac, the 800 pound gorrilla, but it's clear that bac is not going to be 'allowed' to fail. so they must sacrifice one of the other big banks, if they are going to crash the market in a controlled fashion--allow it to crash--- after qe3.
This is when they nationalize 401(k) and private retirement plans and roll them into Social Security. They will claim that the government will make good on all your losses prior to the crash. You'll get your retirement back in annuity payments along with your standard Social Security check. After a few years they will increase the retirement age and because the government has nationalized healthcare your healthcare will be substandard, just like every other nationalized healthcare system in the world. You'll have very little chance of collecting any of it.
nm
Anybody watch the US Open tonight?
Those kikes in Jew York dat putt it on, dangled these stinking Yid signs:
JP Morgan and Chase
behind the players. Both winners told the "announcer" interrogator foak to fuck off.
As I do to you, you pathetic flaccid men writhing in your pathetic money grubbing.
I realize that all of these facts are out there and well-known, but it is very hard for people to digest in its entirety, and that includes government officials and the people who have grown dependent on gov't decisions and policies.
Is It Time For The Financial World To Panic? 25 Reasons Why The Answer May Be Yes
Is it time for ZH readers to head to the Bugout Retreat? 25 reasons to go long beans, bullets and bandaids, there fixed it...
DaddyO
the only thing that makes me panic is how manipulated this rally has been
The title of this article could have been much simpler. 25 Panicked Bitchez!
Very well put. The central bankers have been juggling 5 balls with one hand and applying bandaids with the other hand. Soon they will drop the balls and rip off the bandaids. I hope the One world government types don't get to use the collapse as an excuse to take over the world, which I think Obummer would play right into. It will be the duty of all of us to stop them by what ever means.
Juggling 5 balls with your hand...sounds like my kinda party.
PS - enough with the one world government crap. How'd the Amero work out anyway?
Because it has not yet happened, does not mean it wont!
The exact same same could be said about me marrying Erin Burnett, purchasing Luxembourg, and producing a master race of ridiculously brilliant, ridiculously good looking offspring.
I'd put both at about an equal likelihood.
You mean this isn't one-world gummit already?
If you have a billion dollars worth of gold in your pocket, you can go anywhere in the world and set up a pretty nice life, and the politicians will welcome you and roll out a red carpet.
If that's not one-world gummit, dunno how much more you want.
Few believe this entire thing, aka the Greater Depression, is deliberately set up by design. But sadly, it has been calculated and carried out by the true ruling elite of the West. The upcoming Greater Depression will make Anglo-Saxon Banking Cartel's dream of power consolidation come true.
Here's a glimpse of what's ahead.
http://www.youtube.com/watch?v=QCxjqPgHgpA
Yawn.... Where are the cartoon characters!!!!
/snarck
http://www.ritholtz.com/blog/wp-content/uploads/2011/08/image0016.png
:)
Only 25? Why the optimistic outlook?
26th reason.....i just got long a big bunch of the risk basket.......dam
Amerika--Transitory Exceptionalism
That's better, nothing like a fix of doom and gloom after watching the hilarity of the Dow surging for no particular reason...
#20 is an interesting tell. Largarde isn't some nutjob with a blog, the recently installed IMF director was France's finance minister just a few weeks ago. Seemingly in a position to know the dire sovereign risk of French and German banks.
"Urgent" was the adjective she used. Big tell. Any wonder she quickly replaced DSK (who, oddly enough, was spouting off about Greek restructuring just before his "housekeeper" unpleasantness).
shit or get off the pot
here we goo....would love to see obama ride his car around like this stavros...or cameron..ass holes
http://www.youtube.com/watch?v=4JTZT6YHnA4&feature=feedu
enjoy
anyone got an opinion
Yeah!!!! More slaves for the NATO banks. I love slaves.
Timing Spring Action
So, they have been fighting over a dinky piece of sand/rock/gravity/Israel, on the basis of historical effemination of Jesus Christ the God, for centuries, who was a King denied ascension by the moneychangers, which was the result of the same stupid scarcity economy policies centuries before, to maintain economic control, and we are popping all this bullsh** off the stack, which is largely a population of non-thinkers that may be easily replaced by computers as the gravity, because there is no shortage of gravity in the universe and replicating non-thinkers at this point is counter-productive.
Stay ahead of the social algebraic reduction construct by building communities for the purpose. Basically, it’s I, assembly line, O. Other communities should not require any information about your assembly line to link, but timing is critical. Design your language to adjust I/O timing accordingly. Intelligent kids are the variable labor pool and informal authority is the resistance to the resistance, in a bipolar world of bipolar worlds.
Read it -- but your smarts lack caring, buddy. Flex those abstractions in critical ridicule at those proud of their money or job.
This will all come crashing down, again. I have avoided most stocks the past two years and missed a good ramp in the best of the best. LuLU. AMZN, CMG CME, blah, blah, blah. But I slept well at night and stayed with my miners, and physical. Working out just fine.
For the first time in almost 2 years, took a small position in FAZ. Europe goes first, then we follow. But QE3 if it comes should ramp us again for a while, ya think?
Stay calm and repeat the "Keynesian" (quotes) pray over and over.
We must borrow more money,
To stimulate demand,
So that jobs are created,
And prosperity ensues,
So we can pay off our debts.
Amen.
http://www.henryjacksonsociety.org/henryjacksonsociety/hjsuserfiles/imag...
He forgot the latest reason to panic, in an unprecedented move (according to the House historian) Congressman Boehner has told President Obama to change the date for Obama's address to a joint session of congress.
Which means regardless of what Obama proposes in his latest "jobs" plan or "mortgage refi" plan, NONE of it is likely to see the light of day.
The worlds biggest economy is in shambles and the politicans are publically squabbling about dates.
That ought to help confidence, right?
hey, lizzie! just pretend the boner & prez0 are in fight club, like us, and with us (or maybe the WWF & we're just watching w/ tyler & popcorn?)
and, enjoy!
Obama wanted the joint session at exactly the same time as a scheduled Republican debate. The man has had years to make a reasonable jobs proposal but he just happens to want to do it at the exact moment that would pre-empt his rivals' national TV time.
Yes, but you forgot to add ".. after 3 years in office."
The real question here, is the market going to defy reality and keep on climbing the dream ladder.
WTF.
You can take this to the bank:
The New York Stock Exchange will absolutely be the Last Ponzi Standing.
No question.
Deleuzian said this first when I was coughing from a hot twig in my one shot. Apologies.
Problem with the self-righteous is that they be so wrong, so often.
Having been on my deathbed, I can assure you that I am not the only one who didn't change their mind about the non-existence of god. Or heaven. And anyone who has ever bothered to probe the self-important compulsives that are our politicians, knows that hell is right here on earth.
THIS IS THE DEAD CAT BOUNCE.
What's the difference between a dead cat bounce and a dead economy bounce?
Do economies have 9 lives?
Ours has a hairball.
i'd offer this negative stuff is all bullshit and self-fullfilling prophecy from navel-gazing, blog denizens. i'm having the best year in business in 14 years. get out there and do some business.
if this is hell, turn up the heat...
(((((((((((((((((((((((poggi))))))))))))))))))))))))))!!
To: Poggi
How pure is your product?
So what do you do poggi?
This blog denizen wants to know.
Maybe i can get in on it too?
Jesus Wanger is that you?
The let you back in?
Let me guess if you are not Wanger you work on K-street and own your own lobbying firm?
Wanger just got Internet connectivity set up in his new office, a self-storage unit behind the old stripmall.
That is the 64,000 dollar question. It does not matter.....Till it does.
64,000 dollar question.
monopoly you are giving away your age.
It was 48,000 pre QE1
The last five lines should be printed on billboards around the western world. Maybe then people would see what they truly know deep in their hearts. hope can be an amazing and dangerous thing.
I've made so much virtual money betting against these apocalypse stories, I can't spend it all in my lifetime.
Any projection which lists a finite number of reasons for anything has to be inherently wrong. What about reason 26? Surely there's one, isn't there? Can't just be a nice number like 25. And 27, 28 and 29?Why leave them out?
While eminently rational, all of your logic cannot defy those who have been able to manipulate the financial world. In one way it's awesome to behold powers that are that omnipotent to, in essence, defy gravity. No reason why they can't continue doing so.
Your testatment only works in a sane, rational world and that Utopia has proven elusive, much to the consternation of the Shorts.
You're quibbling over the number 25? I bet you have issues with Letterman's Top Ten list also. Must be some kind of conspiracy.
You can't tell a quibble from Kibble.
The point is that when making an argument, attempting to persuade to your point of view, you use ALL the reasons not just some arbitrary few.
At 4th and 25, on second base, do you pass to the guard, or go for the slap shot-on-goal?
Historically, the funny thing about crises, is that you never see them comming...
Polish finance minister Jacek Rostowski has told the ultimate truth about EU - either Germany will make a political decision and pay high for the unity (and the cost will be much lower standard of living in germany to feed the jobless perifery like Greece Spain etc) or the EU will fall apart.
Kelly gone from BNY Mellon? That's cause for panik.
Start acting like chickens, you HFT mofos!
Let us hope for the best, but let us also prepare for the worst - Amen!
F all of you, I'm still buying Netflix.
I'm Jack's inflamed sense of rejection.
# 26..... Trillions over the next couple years needs to be soon refinanced. Impossible.
Yahoo has been growing some balls lately, as per todays article on BOA:
http://finance.yahoo.com/blogs/daily-ticker/bomb-might-blow-hole-bank-america-115755169.html
This just underlines the above, although I have felt personally that the Economic Collapse blog tends to sensationalize a bit--and a few of the "numbers" on any given "list" tend to be less than convincing....just my take.
And the EUR just sits there. So sick of this CIT!
Just remember, he who panics first.....panics first.
Corollary: He who panics last, panics most.
So true...plus one!
Corollary 2: He who stays cool, laughs at he who panics fist and last.
BTW, any news from Jamie? Is he finaally taking the deal to buy BAC? Or does Barack have to call personally as was done with Warren??
World, my finger... is on the button..
http://www.youtube.com/watch?v=Xu3FTEmN-eg&ob=av2n
Wynter Benton's latest suggests its time for JP Morgan to panic.
The group stated that if JPM cannot drive silver back below $36, The Morgue's Silver Short Derivatives will implode, driving JPM stock below $20 by Oct, and silver to $80-$120 by end 2011!!!
Those who hold and acquire physical silver on a frequent basis will win both ways: http://www.silverbullion.co.za/physical-silver-vs-paper-silver.html :-)
WARNING! If after reading that page you experience an erection lasting longer than 4 hours, please consult a Phd economist immediately!
I get erections by asking for them.
Thanks for the link. Interesting.
I am so tired of these fucking asshole contributers WHO PAY TYLER TO WRITE THIS FUCKING SHIT.
ZeroHedge is a PIECE OF SHIT for allowing comments, make it a PAY SITE for content, but these assholes with no fucking minds who PAY YOUR TAB just plain ol' suck my ass, Graham/ Phoenix tops the list. ReggieM is #2 (no coupons) dickweed chest thumper.
Hey I am the legally licensed and registered blog troll here. You go troll elsewhere.
+ 1 to the top troll here.
JonNadler is a close 2nd...
Look how they reloaded DXY and took the ES up too.
Dead Cat is was, Bernank wants you focused on stocks.
FU and your deceased kitty references. I shall haunt you forever, and the rest of your ilk.
Never hit a dog with your vehicle? They fukking bounce! Kitties just slip under the bumper.
Assahola.
Never hit a dog with your vehicle? They fukking bounce!
---------------------------------------------
Halloween aleady?
Just saying what is/Bernanke is holding this up.
Run down your neighbors dog?
Enjoy a snuff film after dinner- life is short.
"Kitties just slip under the bumper"
That's why I usually make it a point to run over them with the tire rather than the bumper.
Kitties like ground beef. Mine does.
http://pulpfriction.blogspot.com/2009/05/when-its-appropriate-to-call-cl...
when is appropriate to call a closeted gay man....a cock sucker?
come on romney. you can do it...ha ha ha ha
Why do you want to call ODammer that?
I'll buy or I'll short. I really don't fu@king care.
Exactly !
It will be back.
TopCallingTroll, Your my kind of TopCalling Troll!!
Thanks man
Trolling is hard work.
Its good to get recognized for my efforts.
NUMBEROUS REASONS IT WON'T COLLAPSE;
1. FED PONZI SWAP LINES. WHEN YOU ARE SO FAR GONE WITH THE FIAT PONZI PROGRAM YOU HAVE TO KEEP THE BALL ROLLING. THERE IS NO DOUBT THAT AS ANYONE LOOKS INTO THE ABYSS OF A COLLAPSE, THEY WILL RATIONALIZE THE CONTINUATION OF THE PONZI SNOW BALL. IT CAN GO ON FOR QUITE SOME TIME
2. QE PROGRAMS WILL CONTINUE TO UNLEASH $$ INTO THE SYSTEM AND THE FED HAS SYSTEMS IN PLACE TO BACK STOP BANKS AND FINANCIAL SYSTEMS. YOU SEE, ONE OF THE GENIUS OF THE PONZI FED RESERVE IS THAT THEY DON'T HAVE TO REPORT TO ANYONE SO THEY CAN HAVE AS MUCH CRAP AS THEY WANT AND NOTHING CAN BE DONE!!
3. HOUSING ALREADY CRASHED
4. 14 MILLION PEOPLE ARE ALREADY OUT OF WORK
5. RECORD FOOD STAMPS ARE ALREADY BEING EXPERIENCED.
6.THE SMALL BUSINESSES THAT REMAIN ARE NOT USING BANK CREDIT ANYWAY BECAUSE A. WE DON'T WANT THE SCUM IN OUR BUSINESS AND B. MOST BANKS DON'T LOAN TO SMALL BUSINESS ANYWAY
7. OBAMA'S RADICAL PLAN HAS ALREADY GIVEN ITS BEST SHOT. HE'S DONE.
8. I WOULD ARGUE THAT GOLD WILL NEVER BE THE WORLD RESERVE BECAUSE OF ITS SMALL SIZE THEREBY GIVING STATURE TO THE U.S. DOLLAR OUT OF ITS SHEAR SIZE AND OUR WORLD PRESENCE AS WELL AS MILITARY DOMINATION
9. DEFICITS ARE ALREADY BEING CUT EVERYWHERE AND SO THE DEFICIT SPENDING WILL SUBSIDE OVER THE NEXT 2 YEARS.
10. AS EUROPE CONTINUES ITS PONZI PROGRAM (AND IT WILL AS IT HAS NO CHOICE), THE DOLLAR AND ITS PONZI TRASURIES AND BONDS WILL CONTINUE TO HELP FINANCE OUR MONUMENTAL DEBT FOR A LONG TIME.
11. IF EUROPE IMPLODES, THE US BENEFITS AS THE RESERVE CURRENCY AS BOTH EUROP AND CHINA WILL BOTH IMPLODE TOGETHER. BY DEFAULT THE U.S.$$ WILL WIN.
12. GOLD WILL CRASH BEYOND IMAGINATION ONCE THE WORLD REALIZES THE US IS THE ONLY OPTION.
Did you know that at one time... the Roman Empire was thought to be the only option?. The center of civilization? Want to know the rest of the story?
Ouch! My eyes are bleeding!
Didn't anyone ever tell you that using all caps makes you look like a low-life idiotic moron?
No? Well, I just did.
Your logic sucks too.