Money, Macro And Markets Update By Sean Corrigan

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Sun, 10/09/2011 - 11:52 | 1754730 SilverDoctors
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Its all about kicking the can down the road just a little farther...just like the CFTC with position limits.

Bart Chilton publicly ripped his CFTC colleagues over their stall tactics on implementing position limits Thursday....anybody think he is for real?

Sun, 10/09/2011 - 12:08 | 1754759 I am Jobe
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Another dog and pony show. Yeah like anyone is listening Revolving door.

Sun, 10/09/2011 - 11:52 | 1754731 Barbar
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revolution bitchez!

Sun, 10/09/2011 - 11:59 | 1754746 baten
baten's picture

Too long, man, and you could ad least write a conclusion....

<====== Bash me

Sun, 10/09/2011 - 12:01 | 1754749 hackettlad
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Seriously Sean, I really would like to read what you have to say, but your convoluted, orotund style makes me lose the will to live.  If someone can re-cast your undoubtedly interesting prose into something more clear and readable they'd be doing everyone a huge service.

Sun, 10/09/2011 - 12:09 | 1754769 papaswamp
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Just read the charts....especially the CFO survey....yikes.

Sun, 10/09/2011 - 12:13 | 1754782 max2205
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Agree. What a load of crap. LSD writings

Sun, 10/09/2011 - 18:09 | 1755685 Western
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It was obviously sent through google translate.

Sun, 10/09/2011 - 12:33 | 1754845 Motley Fool
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And what's with the ?'s . Someone should slap your editor.

A lot of show, not too much meat.

Sun, 10/09/2011 - 12:36 | 1754854 disabledvet
disabledvet's picture

Old news. I'm making a call on what you all may now officially plagiarize as "The Fukushima/Arab Spring hiccup." The economic recovery is underway. Chaos in Europe is it's spark. It's going to start gathering steam in November and we're gonna have one of the greatest dog-fights in political history between Mitt Romney and the incumbent President Obama which will only serve to push the economy more and more towards growth. I still recommend the idea of lowering the age of eligibility for Social Security for this Administration as a "crass political vote getting scheme" which has the added value of instantly generating economic growth.

Sun, 10/09/2011 - 12:45 | 1754887 Schmuck Raker
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Speaking of China...

"Global Times: "Time to teach those around South China Sea a lesson." "

http://m.mcclatchydc.com/dc/db_112249/contentdetail.htm?contentguid=gw7Q...

Sun, 10/09/2011 - 13:05 | 1754951 apberusdisvet
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Chilton is playing good cop to the other bad cops; nothing more to see; still a criminal, corrupt regulatory body.  Our only hope in the further separation of the physical and paper markets; incrementally happening, although not fast enough.

Sun, 10/09/2011 - 13:44 | 1755090 A_MacLaren
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A good deal of leverage has been shaken out of the system, of that there can be little doubt.

Oh yes there can be doubt about the amount and degree to which leverage has been shaken out of the system.  Sean, you're not reading this and certainly are not going to respond, so this comment is rhetorical.

I would suggest the leverage hasn't disappear, please show me which aggregate debt levels are falling?

Debt is leverage.

I would suggest the opaque leverage is growing, and is less visible.  Derivatives employ huge amount of leverage, buy a CDS for some amount of bps above an index or a swap rate, and receive huge faux insurance for debt (leverage) for pennies on the thousands and millions of currency units.

Derivatives are leverage.

TimmyG and Madame Lagarde, other systemic supporters continue to advocate loans and leveraged loans as bailout mechanisms for other debt and leverage turned sour and going bad.

Ponzi leverage to prop up a failing system of excess leverage wherein the prior losses have not and cannot be recognized, lest the entire house of cards fall flat.

Sun, 10/09/2011 - 14:03 | 1755136 eddiebe
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 How many times and in how many ways can it be said? and ??       .1%=boiling the water.     99.9%= frogs.

Sun, 10/09/2011 - 21:15 | 1756013 Manthong
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"so being bearish is not operationally straightforward, even if being bullish seems perverse "

In other words.. it's tricky shorting the market because it is rigged, but you can't go long because it is a burning gas tank ready to blow. 

Wed, 11/09/2011 - 11:20 | 1860794 karmete
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