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It's all coming together nicely...
The Grease fire is spreading like the plague.
As I type the TROIKA is on the phone again with Athens!
Why is there almost NO COVERAGE today?
These belligerent markets! Just how many PapanTroika conference calls will it take before they are satisfied? We're talking on the phone, obviously everything is fine. Stop selling! Sellers should be arrested.
The "market" waits until the opportune seasonal moment to break: Autumn Panic Update
Tis the nature of the beast.
in two, one ....
They are all too busy staring at your avatar.
That I CAN change... Seriously, DPA (German Press Agency) gives updates, Le Monde reported, no Spanish, no English speaking paper does... weird!http://www.rhein-zeitung.de/newsticker/popup.php?cobo=1622http://www.lemonde.fr/economie/article/2011/09/20/la-grece-a-a-nouveau-r...
According to the latest "good progress" has been made and the TROIKA will return to Athens next week.
Of course... Funny, I don't trust them...
Bloomberg just joined:http://www.bloomberg.com/news/2011-09-19/greece-aid-talks-to-continue-af...
Please cover them up some of us work in environments where this is frowned upon, if you don't mind. You wouldn't want to see anyone lose their job over that fugly rack would u? Put a cover over em
fugly is as fugly does.
Sorry, 'tis nature - gods creation and all human - my friend.
Either like it or find yourself another planet where lifeforms are born veiled
and females locked up.
how about you find a less retarded place to work?
That can't be. It's ciesta time in Greece!
Amusingly i pointed this out to a friend last friday, when he said "the market expects greece to default and it is largely priced in and contained".
Controlled implosions rarely work.
In this case not even a possibility.
'Controlled implosions rarely work.'
You had Geithner in mind, admit it.
Actually building 7
I'm still wondering why we didn't capture and waterboard Bin Laden to find out who helped him with WTC7 for explosives. Of course, I shouldn't be so hard on the navy seals team - pretty hard to get much useful info out of Bin laden, considering he died in late 2001/early 2002.
I'm sure they could get a hand up his ass and do some ventriloquism about yellow cake if it served their purposes.
On the contrary. Controlled implosion has been perfected in the field of nuclear weapons. And it is quite fitting here, if I may add.
I doubt it'll be a whole 6 months again. Bitchez.
Watch out for BEN chopper mechnic and ECB professional idiots. They might pass a law requring DOW to hit 14 000.
It's going to blow! Get to the choppa!!
few of my favorite stocks borke today: aapl, CF, bidu, apkt and fcx. day when CAT breaks below 80-81 its decisively bear market.
We have been in a bear market since 2000.
October...November... while those who have clawed back some value in their 401Ks, etc, buy into the Animal House illusion 'all is fine, do not panic..' are clueless to the impending doom and despair that awaits them. Wylie E. Coyote would be proud of the air time achieved in this vapor market.
Strange ZH would post this now??? What relevance could this have to our present day market???
Is ZH trying to break BB's mojo ahead of his big day tomorrow??? Ben, if you're snooping ZH again, Keep your eye on the prize Ben, victory will be yours. Shock the world and lets get this party started.
Plus - BB, if your listening, you may need to buy a shit load of copper cause otherwise one look at the good doctors chart seems to be implying a pre-Lehmanian economic collapse.
Greece isn't going to give us that "Lehman moment". It is going to be something out of left field that nobody is looking at. Well very few are looking at. My money is on China blowing up.
Lindsey Williams did say "china was the big one". Could he be right?
Who the fuck cares what a jackhole moron like Lindsey Williams says? You might as well take advice from homeless people and your pets.
Yes, like a 300 lb chunk of of a broken up satellite falling back to earth and hitting say a nuclear power plant. BTW according to nasa there will only be 8 chunks that make it all the way to earth and a 1 in 3200 chance it will hit a person, this thursday or friday.
Yeah I read that too . They will just cover it up like the explosions in Japan and France. We never hear anything about them. What about the missile China launced off the coast of California?
China won't blow up:
1. China makes stuff.
2. The RMB will rise once the Chinese stop throwing their purchasing power out the window by buying soon to be worthless US Treasuries, which will make the Chinese richer.
3. The Chinese need a large down payment in order to bower money in order to borrow real estate, so even if real estate prices drop 30%, hardly anyone will be underwater.
Uhhh, wouldn't be so sure there sparky...if these folks had bought these as primary dwelling, might agree but that's just not the case...
60 to 80 million condo's purchased as "rentals" but are instead now vacant...these were bought as speculative flippers and now the market has them caught - plus the owners are far worse off cause it's mostly their money that's evaporating instead of the banks.
As rentals, these places are fucked as the average Chinese citizen can't even dream of owning or renting at anything close to covering owners nut.
Of course China gets the majority of it's tax revenue from new construction so they must keep building to maintain revenue...not good for a market already completely saturated w/ RRE and CRE.
China is different than US but still big trouble...not sure how it will play out but lotsa pain to be had.
One needs only to look at how Chinese reverse mergers have performed to get a glimpse below the tip of the iceberg.
1. What if no one wants your stuff or your foriegn customers or own people can't afford it.
2. Thus making your stuff too expensive, see #1.
3. Haven't prices in some ares risen in hundreds or thousands of %, Partly pushed by a goverment spending spree of stimulis, that is now coming to an end.
Not saying your wrong, just something to consider. Possibly change won't to might.
at some point if all their companies are frauds, isn't there a chance the whole country is a fraud?
doc, I agree, it's almost always something few expected that is the black swan.
Greece will be a drag long after they miss their first bond payment. The belief that those bonds will return 80% after X years will be debated and the banks simply won't have to write stuff down much. The only thing that changes after a sovereign default is the new terms on the debt. It certainly won't go away.
i have far too little patience for things to play out,...since we have almot 99.9% certainty how it's gonna end, let's effin get there and move on. this stupid delay game by TPTB may be the end of me i tell ya. they're doing it just to eff me over.
It's times like these that you wish you were an immortal. (Ancient Greek god btw).
Lets get it over with and out the other side within our lifetimes please.
I'm channeling Diogenes until this is all over
damnadation is the name of the coming age. Note it down in your agendas. Damnadation is the future. Lehman is the signature of its tipping moment. Now the continents are on the move and nothing can stop it. Hubris and Nemesis. Global Implosion.
The four horsemen rove the continents like free agents of inevitable destructive change, we are witnesses to its coming moment
Humanity has to find an antidote to damnadation. Its a formula that's only know to those who don't play the game, pure Gandalfian staff carriers who are harbingers of the other game, that of virtue. Outnumbered, they need their Tom Paine to light the flame of civic manifestation to reaffirm its undying claim. Back to Jeffersonian virtue.
Speaking of those roaming Four Horsemen, looks like the 'dapple-grey' might be headed back to Japan...
Good catch, I completely missed that Typhoon.
Cat 3 or 4 making landfall near Tokyo - Krugmanian Bullishness for you Japan!!!
cant wait till tomorrow when benbucks says nothing new. i wonder how much longer before the market realizes he is stringing them along with nothing to show for it? could it be tomorrow? NO SOUP FOR YOU!!!!
Eventually he'll give them everything and eventually it will be worth nothing.
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