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Larry Summers Does It Again

Tyler Durden's picture





 

Back in October 2011, our inaugural "Quote of the Week" went to that destroyer of pretty much everything, deep fried twinkies and value most certainly included, Larry Summers:

"The central irony of financial crisis is that while it is caused by too much confidence, too much borrowing and lending and too much spending, it can only be resolved with more confidence, more borrowing and lending, and more spending." Larry Summers, source

It is only fitting that the sequel to what to a large majority of people is the dumbest quote in history, will once again come from Larry Summers:

"Rather than focusing on lowering already epically low rates, governments that enjoy such low borrowing costs can improve their creditworthiness by borrowing more not less.Larry Summers, source.

3..... 2..... 1..... and #Ref!


 


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Sun, 06/03/2012 - 20:13 | Link to Comment Quinvarius
Quinvarius's picture

Scary.  To think this guy was a trusted adviser to anyone.  Just plain scary.

Sun, 06/03/2012 - 20:14 | Link to Comment Chris Jusset
Chris Jusset's picture

Larry Summers is an idiot.

Sun, 06/03/2012 - 20:26 | Link to Comment Conrad Murray
Conrad Murray's picture

"Rather than focusing on lowering already epically high caloric intakes, fat pigs like myself that enjoy such absurd amounts of fatty foods can improve their repulsive obesity problem by eating more not less." Larry Summers

Sun, 06/03/2012 - 20:35 | Link to Comment knukles
knukles's picture

Prolapse.

Full rectal prolapse.

 

http://en.wikipedia.org/wiki/Rectal_prolapse

Sun, 06/03/2012 - 20:50 | Link to Comment Manthong
Manthong's picture

What did you say his name was.. Larry Stigma?

History will not be kind to these folks.

Sun, 06/03/2012 - 20:58 | Link to Comment nope-1004
nope-1004's picture

Did MillionDollarBonus_ say the above, or Larry Summers?  Is there more than one?  LOL.

 

Sun, 06/03/2012 - 21:46 | Link to Comment Harlequin001
Harlequin001's picture

Someone needs to shut this dumb fucker up...

Sun, 06/03/2012 - 22:24 | Link to Comment UP Forester
UP Forester's picture

"The only way to get out of this hole we've dug, is to dig faster and faster without any bracing.  Yeah, that should work."

Sun, 06/03/2012 - 22:41 | Link to Comment Pinto Currency
Pinto Currency's picture

 

Larry has some serious personal health issues.

He probably will not live until his trial and conviction for the activities that he and Robert Rubin undertook during the Clinton administration.

Sun, 06/03/2012 - 23:01 | Link to Comment francis_sawyer
francis_sawyer's picture

To Larry Summers ~

The after dinner mint... DON'T EAT IT!

Mon, 06/04/2012 - 00:52 | Link to Comment Bananamerican
Bananamerican's picture

when i think of how much tribute $ that fat, arrogant, "celebrated", dumb-assed motherfucker has skimmed out of the system it makes me wanna holler.

He's rich.

and he's a useless incompetant shitbag

GO FIGURE

Mon, 06/04/2012 - 05:25 | Link to Comment krispkritter
krispkritter's picture

Larry Summers is the Yogi Berra of the financial world...

"A nickel ain't worth a dime anymore." 

Mon, 06/04/2012 - 07:49 | Link to Comment Pinto Currency
Pinto Currency's picture

 

The Larry Summers version:

"My bullshit ain't worth a hyperinflated dime anymore."

Sun, 06/03/2012 - 22:41 | Link to Comment Caggge
Caggge's picture

Could it be that MillionDollarBonus is Larry Summers? The logic of the posts seem to indicate they are the same person.

Sun, 06/03/2012 - 21:15 | Link to Comment Divided States ...
Divided States of America's picture

Wow, big surprise. Another Jew who dont know what the fuck is going on in the economy but who likes to give advice on how to fix this mess which they got us into in the first place.

Sun, 06/03/2012 - 21:48 | Link to Comment Harlequin001
Harlequin001's picture

Funny how you never seem to refer to them as Americans...

It's like it's always someone else's fault...

Mon, 06/04/2012 - 20:43 | Link to Comment samwell
samwell's picture

that's because they aren't really americans man.  their loyalities lie with their racist, apartheid state, israel.  they don't fit in because they "think"they are better than everyone else and don't want to fit in.  that is why most of these jew traitors have dual citizenship

Tue, 06/05/2012 - 21:34 | Link to Comment Harlequin001
Harlequin001's picture

You made that up all on your own.

and it's Bullshit, isn't it

Sun, 06/03/2012 - 23:46 | Link to Comment Andy Lewis
Andy Lewis's picture

Fuck off, moron.

Mon, 06/04/2012 - 01:26 | Link to Comment Harlequin001
Harlequin001's picture

.

Mon, 06/04/2012 - 03:26 | Link to Comment lasvegaspersona
lasvegaspersona's picture

Divided

yeah

Bob Dylan and Einstein both said the same thing....cuz they are jewish too???

moron get out of your cellar and meet one jewish person...thenat least you will have a real live reference point to spew from..

Sun, 06/03/2012 - 20:59 | Link to Comment erg
erg's picture

Well he is punching himself in the face. It's a start.

Sun, 06/03/2012 - 22:15 | Link to Comment Acorn10012
Acorn10012's picture

Think'n makes him sleepy.

Sun, 06/03/2012 - 23:08 | Link to Comment francis_sawyer
francis_sawyer's picture

You need to achieve REM sleep to be fully qualified to be on the 'Economic Dream Team'...

Sun, 06/03/2012 - 22:03 | Link to Comment A Nanny Moose
A Nanny Moose's picture

Note to self. Never click in Wikipedia links containing the word rectal, while eating cookies.

That's just nasty.

Mon, 06/04/2012 - 02:51 | Link to Comment Nobody For President
Nobody For President's picture

Hey Knucks, how about rectal-cranial inversion?

Sun, 06/03/2012 - 20:40 | Link to Comment Problem Is
Problem Is's picture

Larry Summers is a Useful Idiot...

To the ruling, criminal, financial oligarchy....

Sun, 06/03/2012 - 20:48 | Link to Comment AssFire
AssFire's picture

I know the Cherokee woman from Harvard- She told me Larry Summers means Dick-Smoker in her native tongue.

Sun, 06/03/2012 - 20:53 | Link to Comment Fred Hayek
Fred Hayek's picture

Faux-cahontas, Elizabeth Warren.

Sorry, but her non-stop tv ads here in Massachusetts are excruciating. They depict her as someone who singlehandedly rode herd on Wall Street, stopping all their abuses. Which is strange because, while I think she had the right idea in several instances, she accomplished nothing. As is the case in most states, our senate race here in Massachusetts is the evil of two lessers.

Sun, 06/03/2012 - 21:00 | Link to Comment franzpick
franzpick's picture

Summers is descended from the lost tribe, "Weer-Da-Fa-Kowi".

Sun, 06/03/2012 - 21:43 | Link to Comment Troll Magnet
Troll Magnet's picture

re: Elizabeth Warren...isn't it hilarious how liberals are already treating her like some kind of a folk hero? a bunch of idiots those liberals.

Mon, 06/04/2012 - 00:50 | Link to Comment samwell
samwell's picture

they're not liberals.  they are libtards because they don't know the true meaning of liberal.  liberty, libertarian, libre.  liberty is the soul's right to breath.

 

she will never stand up to the true power structure in this country.  the last american president to do so was Jack Kennedy and look what happened to him.  we are a nation of spinless jelly fish who will get what we deserve in the end---third world slavery status.  

Mon, 06/04/2012 - 14:11 | Link to Comment tamboo
tamboo's picture

she's jew controlled opposition too. who isnt? she plagiarised her cookbook too. typical heeb.

 

Elizabeth Warren's recipes sound familiar - BostonHerald.com
Mon, 06/04/2012 - 03:27 | Link to Comment potlatch
potlatch's picture

I'm still trying to wrap my head around running an anti-Wall St campaign in Massachussetts.  How exactly does one frame that?  It sounds like trying to run for mayor of Provo on a platform of having serious beefs with the Mormon Church being all up in shit everywhere.

Mon, 06/04/2012 - 03:25 | Link to Comment potlatch
potlatch's picture

She possesses an almost negligible percentage of wisdom, this woman you speak of, we must grant her this small percentage with a <nod>

Sun, 06/03/2012 - 20:48 | Link to Comment Michael
Sun, 06/03/2012 - 21:22 | Link to Comment Michael
Michael's picture
With good videos; Ron Paul Delegates Arrested As They Win a Majority at Louisiana GOP Convention

http://www.policymic.com/articles/9163/louisiana-convention-results-ron-paul-delegates-arrested-as-they-command-majority

Sun, 06/03/2012 - 21:24 | Link to Comment Michael
Michael's picture

House to Vote on Ron Paul Bill to Audit the Federal Reserve

http://www.dailypaul.com/237664/house-to-vote-on-ron-paul-bill-to-audit-the-federal-reserve

Sun, 06/03/2012 - 21:30 | Link to Comment Michael
Michael's picture
FLORIDA COURT SETS HEARING ON
OBAMA BALLOT CHALLENGE FOR JUNE 18, 2012 
 

Judge Terry Lewis States "Natural Born Citizen" Definition Will Be Decided

May 31, 2012, Tallahassee, FL - Activist attorney Larry Klayman announced today that Judge Terry Lewis of Leon County, FL has set a hearing on June 18th, 2012 at 9:00am to hear arguments from both sides about whether the eligibility of President Barack Hussein Obama can be determined in open court. http://obamareleaseyourrecords.blogspot.com/2012/05/attorney-larry-klayman-florida-judge.html

Mon, 06/04/2012 - 02:30 | Link to Comment defender
defender's picture

My guess is that someone is either going to not wake up in a hot tub, or else Judge Terry will fold like a cheap lawn chair.

Sun, 06/03/2012 - 22:06 | Link to Comment A Nanny Moose
A Nanny Moose's picture

Geaux Ron Paul!

Sun, 06/03/2012 - 20:50 | Link to Comment q99x2
q99x2's picture

He can speak idiot in 5 different languages.

Sun, 06/03/2012 - 21:05 | Link to Comment JamesBond
JamesBond's picture

and moronic in 7 more

Sun, 06/03/2012 - 23:13 | Link to Comment The Real Fake E...
The Real Fake Economy's picture

Actually he doesn't and in fact Summers believes foreign languages are useless.  He penned an op-ed piece in the NYT a couple of months ago about it.  In my opinion Larry Summers is useless.  

Mon, 06/04/2012 - 05:10 | Link to Comment krispkritter
krispkritter's picture

Warren's pet name for him is 'Tits On Bull'...with rare exception it's amazing to see people with so little talent and brain power getting prominent positions in government. I guess it's the stench of the power that attracts them, like flies to shit. Summers, Geithner, Bernanke, and on and on... 

Mon, 06/04/2012 - 00:08 | Link to Comment ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

Yep.  I'm not sticking up for him by any means, but if we are going to have an elite class that runs society into the ground for it's own benefit, then somebody has to be the one to say, "up is down" with  a straight face. 

Summers drew the short straw and is "that guy" this time.  

Sun, 06/03/2012 - 22:27 | Link to Comment Offthebeach
Offthebeach's picture

In the long run all fat pigs are dead.

Sun, 06/03/2012 - 23:23 | Link to Comment Rich Bagg
Rich Bagg's picture

Amazing that a guy as ugly as Summers actually gets laid and married:

 

http://www.fas.harvard.edu/~amciv/faculty/new.shtml

Mon, 06/04/2012 - 03:33 | Link to Comment potlatch
potlatch's picture

he's got a schlong the size of a roll of nickels, but its just as hard baby, just as hard

Sun, 06/03/2012 - 21:05 | Link to Comment Stoploss
Stoploss's picture

Debt is wealth......

That means there's a whole lotta rich fuckers out there, so tax them...

According to the debt is wealth model, i am one poor sombitch..

Make that, a flat broke sombitch.

Sun, 06/03/2012 - 22:50 | Link to Comment Matt
Matt's picture

So, I should max out all my lines of credit, credit cards, etc, in order to boost my credit worthiness?

If the credit score people lower my score, can I sue them and say that Larry Summers told me borrowing more INCREASES creditworthiness, not decreases it?

If the credit card company refuses to up my limit, can I sue them for preventing me from becoming more creditworthy?

Sun, 06/03/2012 - 23:14 | Link to Comment samwell
samwell's picture

but why should this surprise any of us at all.  "Larry" is one of the white shoe boys from Harvard who believes in his conspirators in arms at the Jew owned and run central banks of the world.  In fact, if memory serves, "larry" is one of these Talmudic, racist, Zionist jews who seem to be in positions of power all over in this country despite the fact that all they do is screw up and make things difficult for the rest of us goyim.  see Larry is promulgating this sort of cognitive dissonance into the mainstream to provide cover to the federal reserve no matter what it does.  QE or not QE  if we experience a violent financial dislocation and continuing greater depression, it will be because "we" didn't cut interest rates enough or "we"didn't borrow enough as a society to satisfy the bankers.  If we only continue to bring more debt(money) into existance, will these criminal slimeballs be satisfied.  remember that the cental bank we have now is one of the original planks that the bolshevik Jews Marx and Engels rested communism on as a political philosophy.  look where that got the Ukranians with Stalin and Yagoda(NKVD).  Both Khazar (non biblical jews).  All of these jews we are dealing with from "Larry" summers to ben bernanke do what they do because they have been raised in extremist talmudic religious schools primarily in NYC from an early age.  They are tought in the satanic tradition of do as though will and that the vast majority of humans(goy) are stupid animals not worthy of any of their respect or consideration for they are a superior race of individuals who are gods special chosen people and that therefore they can do or say whatever they want because they are like God and we are there animals to use and abuse as they see fit.  why is it so hard for people to realize this.  i guess they are afraid to acknowledge the reality of what is going on because it would mean they would have to do something about it and most people are spineless jellyfish who could care less as long as they have their gladitorial games and boob Tube whore media to tell them what to think and how to act so they don't raise any suspicions.  ever wonder what the model for the TSA rapists was and where it came from?  Go to palestine and you will find out. the world's largest open air concentration camp.  pretty funny to here zionist jews say never again when they have it going on just across their apartheid wall.  what they mean is never again for them.  for the palestinians, no matter they are just cattle to be used and abused for their benefit.

boycott israeli goods

divest israel stocks

speak out 

Sun, 06/03/2012 - 23:53 | Link to Comment Andy Lewis
Andy Lewis's picture

Eat my shit.

Mon, 06/04/2012 - 00:17 | Link to Comment samwell
samwell's picture

sorry, I'm not a copraphilliac like yourself, shithead!  That's the best you can do pussy?

Mon, 06/04/2012 - 03:35 | Link to Comment potlatch
potlatch's picture

I'm gonna need to see some footnotes dude.  sounds shady.

Mon, 06/04/2012 - 00:05 | Link to Comment Peter Pan
Peter Pan's picture

I am neither a racist nor an American, but it seems to me that the most incompetent and dangerous elements of the Jewish people seem to be in the employment of the United States government. They surely must be an embarrasment to decent Jewry. If I am wrong can someone tell me why?

Mon, 06/04/2012 - 00:19 | Link to Comment Peter Pan
Peter Pan's picture

I asked a question and I got a down tick. How about answer first or have I hit an embarrasing nerve?

Mon, 06/04/2012 - 00:43 | Link to Comment samwell
samwell's picture

get used to it around here.  anything touchy like israel and jews is not to be discussed.  eratz Israel from the nile to the euphrates.  that is their goal.

Mon, 06/04/2012 - 03:36 | Link to Comment potlatch
potlatch's picture

everyone needs dreams.  its in our dna.  its the water, we are the fish. 

Mon, 06/04/2012 - 03:41 | Link to Comment Breaker
Breaker's picture

"I asked a question and I got a down tick. How about answer first or have I hit an embarrasing nerve?"

Don't flatter yourself. Saying stupid things is not "hitting a nerve." It's just saying stupid things.

Mon, 06/04/2012 - 00:41 | Link to Comment samwell
samwell's picture

you are right, but it is no accident they are in these postions of power.  it is by design.  

the most extreme of the extreme (eg talmudic zionist school) are put up into these high positions of power.  just ask michael chertoff( ie skelatore) and Ben "shalom" Bernake the bringer of "peace".  they are classmates from one of these talmudic extremist religious training centers in NYC.  hell, ben bernanke cut his teeth for a jew gangster crime boss when he was at harvard by the name of alan shafer when he was home from study at harvard during summers.

 and here the C I A is "worried" about the Al C I A DA madrasses over in the middle east that they are financing themselves.  Nothing like a self inflicted gunshot wound to bring in the funding eh C I A.  It is called synthtic terror and it works quite well for the Zionist jew bankers army known as al-qaeda.  then the  CIA is the overseer of al-qaeda just as they were in afghanistan in the war against the soviets.  if the international zionist bankers ( ie central bankers) don't like your country's monetary system because they don't control it, look out.  just ask the libyans, syrians, iranians, iraqis, afghanis etc how well it worked out for them.  these zionist jews are ruthless and will stop at nothing.

 

its no coincidence that the CIA has largely been controlled by new york bankers since its inception.  the cia and the gansters on wall st. have a common goal.  screwing the american middle class, because lets face it, if the american middle class had any power, let alone existed, agencies like the C I A would no longer exist.  what we have instead is an army of consumer, fluoride addled mindless, inbred yuppy consumers who could care less who is on the murderer-in-chief's kill list as long as they can just take that vacation to the bahamas with their barby doll wife with fake tits next year.  but ask them how they would like it if they were on the kill list and they baaah like a sheep that they could never be on a "kill list" as they are a "good American" who has nothing to hide.

 

Mon, 06/04/2012 - 03:22 | Link to Comment potlatch
potlatch's picture

is he really as slow witted as he seems?  I only know his academic reputation, which is as middling as one might expect from an average (yesterday's C, tomorrow's A with honors) US brahmin.

 

Is he really this much a stooge?  It *does* fit his academic profile.  The man takes stoogery to Werner Von Braun levels of brilliance.  If Larry were Werner, he could put a series of stupidity mirrors into orbit to reflect back all human stupidity at any given time to any given location on earth.  The joystick is stuck Larry.  Leave it alone.

 

Mon, 06/04/2012 - 03:44 | Link to Comment Gringo Viejo
Gringo Viejo's picture

No Chris. He's a sociopath.

Sun, 06/03/2012 - 20:21 | Link to Comment jcaz
jcaz's picture

Larry Summers- Fucktard of The Year-  11th Year Running.....

Sun, 06/03/2012 - 20:44 | Link to Comment Bill D. Cat
Bill D. Cat's picture

This word " borrow " , does not mean what he thinks it means . 

Sun, 06/03/2012 - 21:00 | Link to Comment Fred Hayek
Fred Hayek's picture

Maybe he's been taking engineering classes. In the world of engineering, we sometimes refer to "gravel borrow" or "ordinary borrow" in describing soil to be used in earthwork surrounding a building or under a road.

Perhaps that's what Larry meant. He's a secret polyglot fluent in the argot of many fields. He just seems like yet another hopeless finance world dipshit. Like a Justice League member desperately hiding a secret identity. Larry's hiding that he's not a 100% dipshit.

Mon, 06/04/2012 - 02:48 | Link to Comment delacroix
delacroix's picture

.

Mon, 06/04/2012 - 03:47 | Link to Comment potlatch
potlatch's picture

he's wearing gold plated diapers, baby

Sun, 06/03/2012 - 20:47 | Link to Comment Eireann go Brach
Eireann go Brach's picture

I would allow my son to swing his baseball bat at Summers head if we seen him in public! Then I would tell my son, you only get to do that once again in your lifetime, and John Corzine is the other hit!

Sun, 06/03/2012 - 21:50 | Link to Comment philipat
philipat's picture

5 TRILLION dollars after Obama was given this advice by Summers, with respect, IT ISN't FUCKING WORKING. It's good that he is back on Campus where he can't do any harm, except to women.

He has my vote for the biggest asshole in the US. And there is plenty competition for that honour.

Sun, 06/03/2012 - 22:54 | Link to Comment Matt
Matt's picture

To be fair, most of the deficit spending is for existing programs like the Perpetual Global War Initiative, the Keep Everyone Alive As Long As Possible Using the Most Expensive HealthCare System Possible Initiative, and the Pay People For Not Working Initiative.

Only a small amount went to stimulus in the form of grants and gaurantees for renewable energy companies, and there was no way Obama could tell the ones he was picking were the losers.

If only they had borrowed more and had bigger programs and invested in a broader range of companies, the odds they would have picked a winner would have been much better.

Sun, 06/03/2012 - 23:14 | Link to Comment delacroix
delacroix's picture

obviously obamas picker is brocken. look at michelle, and biden

Mon, 06/04/2012 - 03:52 | Link to Comment potlatch
potlatch's picture

Just wait till Joe Sixpack finds out about the Tessier-Ashpools

Mon, 06/04/2012 - 06:01 | Link to Comment TheFuture_MrGittes
TheFuture_MrGittes's picture

Larry Summers vs Molly Millions... swift and bloody.

Sun, 06/03/2012 - 20:52 | Link to Comment Soul Train
Soul Train's picture

Ouch. We are doomed.

Just load up best you can with pre-65 silver quarters and dimes. What more can I say?

It's just amazing.

Mon, 06/04/2012 - 03:53 | Link to Comment potlatch
potlatch's picture

I have more storehoused nickels than anyone else.  There are lots of rules regarding height or construction on private property: there are no rules as to how much mass you can own.

 

Go nickel or go home

Sun, 06/03/2012 - 21:04 | Link to Comment Todd Horlbeck
Todd Horlbeck's picture

Yes, Truly

Sun, 06/03/2012 - 21:36 | Link to Comment LongSoupLine
LongSoupLine's picture

"Get this fucking retard off my stage. He's fucking up everything I meant!" - John Maynard Keynes

Sun, 06/03/2012 - 22:05 | Link to Comment sumo
sumo's picture

If only Summers was the Greek FinMin. This slow motion trainwreck would be over by now.

 

Sun, 06/03/2012 - 20:13 | Link to Comment Hulk
Hulk's picture

Got Gold ???

Sun, 06/03/2012 - 20:55 | Link to Comment CURWAR2012
CURWAR2012's picture

Got Gold? check

God Silver? Check

Got vault? check

Got water collection device? check

Got solar panel? check

Got guns and ammo? check

Got German Shepard? check

Sun, 06/03/2012 - 21:30 | Link to Comment Uchtdorf
Uchtdorf's picture

Freudian slip? You wrote:

God Silver? Check

I like it! Not that I actually give that fine element the status of diety, but it will bless our lives a whole lot more than the plethora of Federal Reserve Hiney Wipes out there now.

Sun, 06/03/2012 - 23:03 | Link to Comment Harry Dong
Harry Dong's picture

a Freudian slip is saying one thing and meaning your mother

Sun, 06/03/2012 - 23:28 | Link to Comment CURWAR2012
CURWAR2012's picture

must be an internal thought

Sun, 06/03/2012 - 20:14 | Link to Comment IMA5U
IMA5U's picture

The only thing more painful than an idiotic and arrogant comment from Loser Summers is anything uttered out of the mouth of Paul Krugman.

Sun, 06/03/2012 - 20:14 | Link to Comment Tom Green Swedish
Tom Green Swedish's picture

As Larry said to the Winklvi (Total A Holes). Creating a job is better than taking one.

 

http://www.youtube.com/watch?v=PRA_9_djcPo

Sun, 06/03/2012 - 20:13 | Link to Comment Salt
Salt's picture

The Summers of our discontent. Wonderful.

Sun, 06/03/2012 - 20:14 | Link to Comment NemoDeNovo
NemoDeNovo's picture

"Rather than focusing on lowering already epically low rates, governments that enjoy such low borrowing costs can improve their creditworthiness by borrowing more not less.Larry Summers,

 

Yeah thats the ticket fix debt with debt - *RollsEyes*

We are SO Fucked........................

Sun, 06/03/2012 - 22:27 | Link to Comment Acorn10012
Acorn10012's picture

........yes, we are.

Summers, Obama, et al, BELIEVE this shit. Summers ran up the debt at Haaavard before leaving. Only in Bizarro World (or the USA) is this guy considered intelligent.

Sun, 06/03/2012 - 20:14 | Link to Comment electricgorilla
electricgorilla's picture

Yen a few minutes ago had a major flash crash

 

Sun, 06/03/2012 - 20:24 | Link to Comment geewhiz190
geewhiz190's picture

clearing out the stops ?

Sun, 06/03/2012 - 20:47 | Link to Comment CloseToTheEdge
CloseToTheEdge's picture

7:14pm est
Japan's Finance Minister, Azumi, was quoted saying that "if these excessive moves continue, I will have to respond decisively".

as opposed to...

Sun, 06/03/2012 - 21:06 | Link to Comment geewhiz190
geewhiz190's picture

my guess yen peaked on friday. went short FXY. we'll see

Sun, 06/03/2012 - 21:01 | Link to Comment geewhiz190
geewhiz190's picture

i have trading at 78.13 down 4 pips

Sun, 06/03/2012 - 21:09 | Link to Comment CloseToTheEdge
CloseToTheEdge's picture

Zombie Godzillas mannin the phones about now

Sun, 06/03/2012 - 20:14 | Link to Comment Temporalist
Temporalist's picture

Larry "Bath Salts" Summers

Sun, 06/03/2012 - 20:31 | Link to Comment Al Huxley
Al Huxley's picture

That WOULD explain a lot of things.

Sun, 06/03/2012 - 22:54 | Link to Comment sunkeye
sunkeye's picture

'larry - bad salts - summers'   funniest thing ive read in quite some time t/y

Sun, 06/03/2012 - 20:16 | Link to Comment gimli
gimli's picture

Doosh..........

Sun, 06/03/2012 - 20:17 | Link to Comment tony bonn
tony bonn's picture

baghdad bob does paris hilton....what a complete fucktard

Sun, 06/03/2012 - 20:17 | Link to Comment razorthin
razorthin's picture

He's a financial Hitler.  A total disaster.  How's that Harvard endowment fund doing, Lar?

Sun, 06/03/2012 - 20:20 | Link to Comment theTribster
theTribster's picture

Kill him if you can, LS needs to meet his maker - one of the biggest criminals of the last century.

Sun, 06/03/2012 - 20:20 | Link to Comment williambanzai7
williambanzai7's picture

FATZO (Larry Summers)

Sun, 06/03/2012 - 20:59 | Link to Comment Ineverslice
Ineverslice's picture

Hey Zombies...come and get this Fat-Boy!

Sun, 06/03/2012 - 21:01 | Link to Comment williambanzai7
williambanzai7's picture

ECONOMICUS FAT SLOBICUS

Sun, 06/03/2012 - 21:34 | Link to Comment Uchtdorf
Uchtdorf's picture

Again with the screws. You been feelin' some pressure lately? All the best,

Sun, 06/03/2012 - 22:29 | Link to Comment williambanzai7
williambanzai7's picture

Screw U.... Not my alma matter...Whats a Matta U? ;-)

Sun, 06/03/2012 - 21:33 | Link to Comment Uchtdorf
Uchtdorf's picture

Yeah, we don't need to be able to outrun zombies. We just got to be able to outrun Lazzy Summers.

Sun, 06/03/2012 - 20:21 | Link to Comment Temporalist
Temporalist's picture

"We can improve everyone's standard of living, not by stealing less, but by stealing more." Larbentim Sumbernankgeit

Sun, 06/03/2012 - 20:21 | Link to Comment Pasadena Phil
Pasadena Phil's picture

Let me see if I understand this. If I am drunk as a skunk blowing a 1.5 on the breathalyzer but the government resets the standard to 2.0, I should drink more to prove that I am sober? Brilliant!

Sun, 06/03/2012 - 20:32 | Link to Comment Al Huxley
Al Huxley's picture

If you're too drunk to drive, but you have to drive home, the best way to sober up is to keep drinking.

Sun, 06/03/2012 - 20:23 | Link to Comment LetThemEatRand
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He doesn't believe his own bullshit.  He just wants a seat at the oligarch table when the SHTF.

Sun, 06/03/2012 - 20:23 | Link to Comment New_Meat
New_Meat's picture

He's hysterical!

- Ned

Sun, 06/03/2012 - 20:25 | Link to Comment nawerdenn
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Is it possible he's actually just believing that by spraying a fire with gasoline, they're going to extinguish it?

Sun, 06/03/2012 - 21:00 | Link to Comment nonclaim
nonclaim's picture

By their logic either that works or GDP will improve by a few points.

Sun, 06/03/2012 - 22:45 | Link to Comment epwpixieq-1
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Well, he is not a physicist he is an economist, what do you expect!

Sun, 06/03/2012 - 20:27 | Link to Comment blindman
blindman's picture

it is a harvard thing,. he is drinking from
the charles.

Sun, 06/03/2012 - 23:38 | Link to Comment Wakanda
Wakanda's picture

luv that dirty water...

Mon, 06/04/2012 - 00:55 | Link to Comment blindman
blindman's picture

http://www.youtube.com/watch?v=5apEctKwiD8
The Standells - Dirty Water
.
(Spoken:)
I'm gonna tell you a story
I'm gonna tell you about my town
I'm gonna tell you a big fat story, baby
Aww, it's all about my town

Yeah, down by the river
Down by the banks of the river Charles (aw, that's what's happenin' baby)
That's where you'll find me
Along with lovers, fuggers, and thieves (aw, but they're cool people)
Well I love that dirty water
Oh, Boston, you're my home (oh, you're the Number One place)
Frustrated women (I mean they're frustrated)
Have to be in by twelve o'clock (oh, that's a shame)
But I'm wishin' and a-hopin, oh
That just once those doors weren't locked (I like to save time for
my baby to walk around)
Well I love that dirty water
Oh, Boston, you're my home (oh, yeah)

Because I love that dirty water
Oh, oh, Boston, you're my home (oh, yeah)

Well, I love that dirty water (I love it, baby)
I love that dirty water (I love Baw-stun)
I love that dirty water (Have you heard about the Strangler?)
I love that dirty water (I'm the man, I'm the man)
I love that dirty water (Owww!)
I love that dirty water (Come on, come on)

Sun, 06/03/2012 - 20:27 | Link to Comment CommunityStandard
CommunityStandard's picture

Europe should just put Larry in charge to speed up the end of the Euro.

Sun, 06/03/2012 - 20:29 | Link to Comment gwar5
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Thanks to Summers the 2009 $1 Trillion Stimulus produced worse results, by their own charts, than if we had done absolutely nothing.

 

He also stated privately in 2009, along with Stiglitz, that US economic malaise and unemployment over 10% would go on for years and years (and per U-6, so far so good).  Such things are not good vote getter, so was not said publicly.

Sun, 06/03/2012 - 20:29 | Link to Comment nmewn
nmewn's picture

Only in the dimly lit corners of financial whackademia can such pearls of wisdom be found.

Look!!!...here's one!!!

Sun, 06/03/2012 - 20:36 | Link to Comment Poor Grogman
Poor Grogman's picture

He has opened his mouth and removed all doubt , again..

EDIT This isn't another ZH zombie alert is it?

Sun, 06/03/2012 - 20:45 | Link to Comment nmewn
nmewn's picture

I just shot a zombie in my pajamas...

Sun, 06/03/2012 - 20:59 | Link to Comment Diogenes
Diogenes's picture

What was a zombie doing in your pajamas?

 

 

Sun, 06/03/2012 - 22:07 | Link to Comment nmewn
nmewn's picture

lol...black dog & lebalance have given me a couple ways to go here...I'm stayin with Groucho ;-)

Sun, 06/03/2012 - 21:03 | Link to Comment BLACK_DOG
BLACK_DOG's picture

I aint going there!

Sun, 06/03/2012 - 21:28 | Link to Comment LeBalance
LeBalance's picture

no kids 4 you!

Sun, 06/03/2012 - 20:32 | Link to Comment GOSPLAN HERO
GOSPLAN HERO's picture

TOO MUCH..¸„ø¤º°"¨

¸„ø¤º°"Adrenochrome``"°

Sun, 06/03/2012 - 20:35 | Link to Comment Conrad Murray
Conrad Murray's picture

We can't stop here, this is bat(shit crazy) country!

Sun, 06/03/2012 - 20:32 | Link to Comment fnordfnordfnord
fnordfnordfnord's picture

WAR IS PEACE, FREEDOM IS SLAVERY, and IGNORANCE IS STRENGTH.

 

PS Thanks to the hard work of those at Miniplenty, cauliflower rations are increased this week by 1/2%

Sun, 06/03/2012 - 21:37 | Link to Comment Uchtdorf
Uchtdorf's picture

But that other ministry had to first remove all mention of the 30% decrease in output just last week.

Sun, 06/03/2012 - 20:39 | Link to Comment hankwil74
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It is just insane to me that someone actually thinks the the solution to out of control borrowing is increasing the amount of borrowing.  People just need to wake up to the fact that it doesn't matter who gets into office, a Repub or a Dem, or a Libertarian, or a Socialist.  Unemployment is here to stay.  It used to take 26 people to build a car, now it takes 2.  You used to have to go to your local electronics store to find out about a new TV or a new camera or microwave, now everyone just goes on CNET.  Scores of stores across the country stocked with customer service people have been replaced by 40ppl running a website and 6 strategically placed warehouses.  The middle class assembly line job that allowed your wife to stay home with the 3 kids has been moved to China where someone is paid $1.31 an hour.  There just aren't enough jobs to go around.

It only matters how we as individuals respond to the changing world/economy, because the political structure in the United States is NEVER GOING TO CHANGE.  Corporations fund every political candidate and an honest politician could simply never gain traction (see Paul, Ron).  Live frugally, become more self-sufficent when possible, maintain one's health by eating whole foods, have a supply of food, water, some hard currency, a firearm or two.  

Sun, 06/03/2012 - 20:48 | Link to Comment Everybodys All ...
Everybodys All American's picture

Employment disadvantages can be leveled by instituting the proper tarrifs. It takes leadership. Obama is not a capable leader. So it's time for someone else to step up. I'm optimistic that guys like Krugman and Summers have been exposed for their ignorance and a new era of common sense economics will be upon us all soon. BTW it will take a market crash first.

Sun, 06/03/2012 - 22:25 | Link to Comment Dumpster Fire
Dumpster Fire's picture

Another one?

Mon, 06/04/2012 - 03:05 | Link to Comment Cosimo de Medici
Cosimo de Medici's picture

First, modern monetary theory says that the heavily indebted must borrow more to hold them over until they need to access the debt market again.  You, know, debt is a journey and not a destination.  Enjoy the ride.

As for unemployment in a world of increasing efficiency and decreasing resources, the equity market was shown the future and it spit in its Face(book).  Yes, Facebook is the future.  Its intended purpose is to waste time, which means decreased efficiency, and it uses an absolute minimum of scarce natural resources to manufacture its product.  The added benefit is that it does actually employ a few people.  Keeps the kids off the streets, too.  Embrace it.

Sun, 06/03/2012 - 20:33 | Link to Comment max2205
max2205's picture

Jaba

Sun, 06/03/2012 - 20:37 | Link to Comment junkyardjack
junkyardjack's picture

Its been all downhill since Obama let him leave, we could use this kind of wise guidance in times of crisis....

Sun, 06/03/2012 - 20:38 | Link to Comment Ricky Bobby
Ricky Bobby's picture

 

They just keep saying 2 + 2 = 5 because a majority of Muppets will believe what they are told.  This is fun for the Oligarchs, it makes them feel so powerful near God like. To know that they can make the masses believe anything they want. In addition this kind of nonsense is also a sledgehammer used to crush the hope of the rational resistors.

 

 

 

Sun, 06/03/2012 - 20:46 | Link to Comment Poor Grogman
Poor Grogman's picture

I hear what you are saying, but I think the head just flew off the sledgehammer and hit the oligarchy in the balls.

Sun, 06/03/2012 - 20:39 | Link to Comment razorthin
razorthin's picture

Larry Lumbergh Summers

http://www.youtube.com/watch?v=lzHw35ulVpE

 

Sun, 06/03/2012 - 20:41 | Link to Comment Snakeeyes
Snakeeyes's picture

Summers is a die hard Keynesian. Nothing, no evidence, will convince their superior entities of their folly. Like Krugman, Romer, etc.

Sun, 06/03/2012 - 20:42 | Link to Comment tom a taxpayer
tom a taxpayer's picture

Larry Summers -

"Summers also served as the 27th President of Harvard University from 2001 to 2006. Summers resigned as Harvard's president in the wake of a no-confidence vote by Harvard faculty that resulted in large part from Summers's conflict with Cornel West, financial conflict of interest questions regarding his relationship with Andrei Shleifer, and a 2005 speech in which he suggested that the under-representation of women in science and engineering could be due to a "different availability of aptitude at the high end," and less to patterns of discrimination and socialization.

Summers has also been criticized for the economic policies he advocated as Treasury Secretary and in later writings.[3] In 2009, he was tapped by President Obama to be the director of the White House National Economic Council.[2][4]"

http://en.wikipedia.org/wiki/Lawrence_Summers

Sun, 06/03/2012 - 21:19 | Link to Comment BLACK_DOG
BLACK_DOG's picture

"During Summers's presidency at Harvard, the University entered into a series totalling US$3.52 billion of interest rate swapsfinancial derivatives that can be used for either hedging orspeculation. Summers approved the decision to enter into the swap contracts as president of the university and as a member of Harvard Corp., "the university's seven-member ruling body" which bears "the school's ultimate fiduciary responsibility." By late 2008, those positions had lost approximately $1 billion in value, a setback which forced Harvard to borrow significant sums in distressed market conditions to meet margin calls on the swaps."

Mon, 06/04/2012 - 05:09 | Link to Comment Optimusprime
Optimusprime's picture

To give the devil his due, Summers was obviously correct about women and engineering. 

Sun, 06/03/2012 - 20:42 | Link to Comment lynnybee
lynnybee's picture

when this goes down, certain people will be hunted down in the world & brought to trial ... clawback, payback & justice , nothing less.   add Clinton & Rubin to that photo .   

Sun, 06/03/2012 - 20:45 | Link to Comment Hannibal
Hannibal's picture

Why even give this clueless moron first class idiot any attention?

Sun, 06/03/2012 - 20:50 | Link to Comment monopoly
monopoly's picture

HUH?

Sun, 06/03/2012 - 20:50 | Link to Comment Conman
Conman's picture

Sounds like krugman,mspnd your way out of recession.

Sun, 06/03/2012 - 20:50 | Link to Comment marriedgeordie
marriedgeordie's picture

i have this feeling that day after day i am gaining a better and better understanding of how people must have felt in Germany between the world wars.

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