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What was that Hugh Hendry quote that everyone loves?
And longer-term:
Charts: BBG, h/t PP
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Panic, bitchez!
Bullish!
BTDF!
acquistare il dip maledetto!
What was the Hugh Hendry quote?
"I would recommend you panic"
editted
Wave your hands in the air, 'cause you really care!
The quote is: "I recommend you panic"
Or was it, "I suggest you panic"
...same thing anyway... basically: ... it's time to run for the hills.
LOL. Now I see the humor.
Actually, he's got a good sense of humor, cuz that's pretty funny.
I like the Jeff Goldblum line: "That's how all this starts..."
http://www.youtube.com/watch?v=YEVK7aiAbpk
The bankers are re-possessing the hills. Try again.
I thought it was "I'm from Glasgow and I'll beat your fookin head in."
I suggest you panic.
(bitchez)
Definitely bullish!
Is Rome burning?
Nero is watching.
i suggest we PICNIC..
Come sit next to me while the horizon burns with the bodies of a a hundred thousand PhD economists on the pyre.
More wine sir?
Champale, we're on a budget now.
PBR!
If you've been stacking, your Champale days are over, Mike. Time for the Dom and caviar.
If you haven't been stacking, well, enjoy the hot dogs and Near-beer.
++ ! :)
Luckily, I brown-bagged my lunch today, so I'm prepared.
I'll bring the Gray Groupon.
Is that shit underwater yet???
Colui che primo panic panic migliori,
Poor hopiums.
Gonna get messy.
China rescue rumor in 3...2...
Non-denial, denial in 5...4...
Cue flying bailout unicorn eating e-trade baby's leveraged lunch in 3, 2, 1....
Check Silvio's facebook quick! Are we cool?
China will come in, but only when there is blood in the streets. They they will buy EVERYTHING using the worthless paper from the US.
Buying EVERYTHING with WORTHLESS paper.
Sorry but something doesnt add up.
China will give everyone the worthless paper they desire while continuing to hoard gold. Why do we want all that worthless fiat? You can thank all that new math they've been teaching in public schools.
2+2=500 trillion.
Because it's the other way around. You SELL worthless paper to BUY something of physical value with currency as the intermediate medium.
Workflow: 1. Find someone creating a surplus ("saver") and sell promises to pay - but never pay ("bonds"), 2. Receive currency, 3. Barter it ASAP for physical goods with intrinsic value, 4. Enjoy, 5. Repeat until counterparty demands physical settlement.
Sophisticated leaders may then 6. Accuse trading partners of manipulation. 7. Announce the "solution". 8. Issue more currency outright. 9. Accuse opposition of being "fearmongers" and "stifling growth". 10. Reshuffle leadership. 11. Promise referendum. 12. Take it back. 13. Promise to resign. 14. Take it back. 15. Blame the blogosphere. ....etc.... etc...
darteaus
China is already IN.
They are buying all the GOLD and SILVER they can get their hands on............with those worthless fiat dollars.(why wait till it's devalued by 50%?).
Who's been flipping italys bitch?
doesn't it kind of seem like it's starting? you know. the end?
Like the calm before a storm?
It's all been scraping it's teeth on the doom button for three years. Only thing to do is prepare for the worst is all. Unfortunately that was three years ago.
Now if you aren't prepared, all you can do is hope you don't get trampled when the herd gets spooked.
We got roughly a month till the over-hyped Christmas shopping news comes in. A lot can happen in a month.
Slow motion crash. In hindsight it will have been "obvious" to all the happy pants nimrods ignoring this today.
The problem is real soon it will suddenly go from slow motion to terrifying out of control 6th gear in a Ferrari fast motion.
Exactly SDO. Once they realize they're gonna crash, the spinning and smashing will be scary, dangerous, and harmful. But it is going to happen. Seatbelts and air bags people.
Until now I've seen mostly docile people in Western Europe.
Let's go for a ride in my Ferrari before they repossess it.
Shotgun, bitchez!
It took the US from its Founding all the way to 2008 to accumulate 10 trillion in debt. Thereafter, it only took three more years to present to accumulate 15 trillion dollars in debt. I am afraid exponents are going to win this one.
You listen too?
Sounds like it's time to start using logarithmic charting on the X axis as well. Kurzweil's Singularity mixed with Keynes' monetary multiplier sure is gonna make for an interesting outcome.
To infinity, and beyond!
Amazing thing about compound interest. It doesn't stop.
However, wait a year and you'll see that Kenysian edict change on who pays interest and who doesn't. It really is that ridiculious now. Just a matter of time to watch every rule of capitalism and commerce get bent, ignored and broken slowly.
Compound interest will stop when they convert your debt by taking your equity. Then there will be no more need of usury. Welcome back to the middle ages and serfdom.
so, were you a pirate on halloween, baby_B?
i was!
i think you should focus on getting da bears another win, and stop worrying about the debt of doom, 'k?
they drop another one, they'll have the same record as the raiderz (4-4); 'course they won't be leading the division, like the raiderz...L0L!!!
the pack's luck can't hold up much longer...
A Ferrari for every pigman.
Problem solved!
some juicy roll down on 1y1y fwd italy
Buy EU Core convexity
OK I see it on the graph, but what does it mean? No need for sarcasm.
I don't really get it either. My assumption is that as borrowing gets more expensive for Italy the current bond holders are seeing their Italian bond holdings fall in value -- perhaps soon to be worhless if it seems it seems Italy will eventually default. Perhaps someone can explain the significants of the inversion.
I can't believe Hendry's "I would recommend you panic" quote didn't make it into his "greatest hits" video.
And then what happened in 1995 and the ensuing years?
Question is if you saw 5s10s first hit zero in 1994 and didn't panic, would you survive the cliff dive to -50 that came next?
How levered am I? Do I have dry powder? Or am I all in?
wrong hole twice..
Panic Bitchez
Gotta love the great Hugh's double tag...
6.66 on the ten year...just saying.
http://1689capital.files.wordpress.com/2011/11/screenhunter_19-nov-07-11-43.gif
6.66 on the ten year...just saying.
Great,that means for THIS year, your only losing 3% to inflation.(Minimum)
Darn how are those poor banks going to make money on that? No Ferraries this bonus season.
The market is forcing the resignation of Berlusconi. ECB will place a phone call to Merkozy tonight. You guys know how Draghi feels about Berlusconi, don't you?
Berlusconi is 75, has fucked the hell out of the youth of italy, i dont really think he cares.
In a game of chicken draghi may have more to lose.
Looks like early June 2008 to me
Panic first:
http://www.zerohedge.com/article/hugh-hendry-i-would-recommend-you-panic
Market is holding up very well.
I just went and checked my hoard of Gold and Silver. It's looking better than it ever has.
a rolling euro gathers no moss
Jim Rogers said at some point Gold will be in a Bubble,and he hopes he gets out before the POP.
My questions to Rogers, IN what lifetime is this coming?,barring a miracle, or the Antichrist showing up, I do not see it ever becoming a bubble.
Because I cannot for see ANY sovereign getting their asses out of the fiscal messes they are in.
It is not about the price in absolute terms. If real interest rates become positive and gold keeps moving up, it is entering a bubble phase. Rogers will not warn you of this BTW, you have to do your own homework.
most of the time the "presented without comentary" posts are simple to understand, but for those of us (me) that dont really understand the full significance of the Italian yield curve inverting, please give a simple explanation.
But but but, the finnish eurofanatic prime minister said today that EU and euro are "a success story with no comparison". Wonder what the PEOPLE think abt this lunatic...
"shall we bunga" ?
Never mind the world wide debt implosion, Forget the elite withdrawing money from Everyone, Forget having put our offspring in debt for life, Forget having passed Peak Oil and a FOREVER decline in Petroleum(the lifeblood of the world economy) and ALL THAT.
EVERYBODY GET SCARED.
An inside look at the base where Iran is developing nuclear weapons
http://www.haaretz.com/print-edition/news/an-inside-look-at-the-base-where-iran-is-developing-nuclear-weapons-1.393920
The BIG distraction coming 5,4,3,2.......
Italian Alps!
even super mario is not used to this much heavy lifting
he is under strict orders to bankrupt the ECB buying ITA debt?
what the hell! why not?
go for it!
It's transitory, not to worry
Latest NASDAQ chart porn suggests fun times ahead:
http://stockmarket618.files.wordpress.com/2011/11/2011-11-05_nas-8_x.png
"do not panic, but if you panic, be the first"
Why can't Italy just buy the Greek paper with the 200% coupon? That would cover it. Come to think of it, maybe Greece should do the same thing...