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The "Muddle Through" Has Failed: BCG Says "There May Be Only Painful Ways Out Of The Crisis"

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Thu, 09/29/2011 - 16:28 | 1723609 X.inf.capt
X.inf.capt's picture

damn, and i was going to back up the truck on monday....

Thu, 09/29/2011 - 19:30 | 1724191 DoChenRollingBearing
DoChenRollingBearing's picture

I'm visiting the ATM again on my way home...

Thu, 09/29/2011 - 21:08 | 1724476 X.inf.capt
X.inf.capt's picture

hey, bearing, thanks for the advise earlier, i think ill stay with silver, though, 

im not as rich as you:)

Thu, 09/29/2011 - 16:40 | 1723668 baten
baten's picture

It's not that they are ignorant - it's that they know so much that isnt so...

Mark Twain

Thu, 09/29/2011 - 16:49 | 1723709 Pinto Currency
Pinto Currency's picture

`

Thu, 09/29/2011 - 17:17 | 1723842 Ethics Gradient
Ethics Gradient's picture

I agree completely. Except that bit about hamsters, but then what you do in your free time is none of my business.

Thu, 09/29/2011 - 19:31 | 1724193 Sophist Economicus
Sophist Economicus's picture

LMFAO!

Thu, 09/29/2011 - 23:38 | 1724753 object_orient
object_orient's picture

it's over 9000!!!!

Thu, 09/29/2011 - 16:33 | 1723628 Ruffcut
Ruffcut's picture

Denial is easy. Then comes turd polishing, candy coating, capital raising by diluting, diluted planning, printing, manipulating, lying, cheating, conning, candy coating turds, an occasional easter egg hunt and there you have it.

Thu, 09/29/2011 - 16:52 | 1723733 upWising
upWising's picture

Don't matter how much frosting you put on a pile of shit....it still aint a chocholate cake.

I'm putting new battrys in my magic wand and re-soling my magic tap shoes.  That should work!

Thu, 09/29/2011 - 21:55 | 1724565 slewie the pi-rat
slewie the pi-rat's picture

ok, now the new juice for the magic wand is a great idea, i think

but if you have worn out the soles on your magic tap shoes, you might just put them up for a while and maybe hold off getting them re-furb'd til after christmas...

Fri, 09/30/2011 - 02:11 | 1724954 Yen Cross
Yen Cross's picture

Tag you're it!

Fri, 09/30/2011 - 00:04 | 1724795 bid the soldier...
bid the soldiers shoot's picture

Been there. Done that.

Thu, 09/29/2011 - 17:30 | 1723900 agent default
agent default's picture

This seems to be the way it will be implemented.  Stagflation will in fact do exactly what the article describes in an almost imperceptible way.  It will be just like the 70's, with equities going nowhere and commodity prices going up.  And no real political cost, because the process will be slow and will not shock the masses.

Fri, 09/30/2011 - 01:56 | 1724939 AustriAnnie
AustriAnnie's picture

Agree on all but the "political cost"

I think there will be huge cost, because the masses have priced in a recovery.  The exponential increase in credit has gone on long enough that people now in their 20's and 30's have known no other way.  They do not consider that debt was what got them everything they own.  They want not only their previous purchasing power back, they want it increased.

They simply NEED to have their free credit money machine turned back on.  I just don't see any way the masses will endure having their cable shut off and their gas tanks empty, without demanding the gov't steal from someone and give to them.  And the gov't will oblige.  I think the unrest has begun, albeit quietly and in isolated incidents.

 

Thu, 09/29/2011 - 18:00 | 1723988 Tuffmug
Tuffmug's picture

BCG = more useless brainwashed idiots who believe more government coersion and taxation are the solution to every problem!

Thu, 09/29/2011 - 19:48 | 1724245 Bicycle Repairman
Bicycle Repairman's picture

Who paid for this "think piece"?

Thu, 09/29/2011 - 21:06 | 1724471 Mr. Fix
Mr. Fix's picture

Obama

Thu, 09/29/2011 - 18:49 | 1724101 BORT
BORT's picture

It will take a civil war to get to this solution

Thu, 09/29/2011 - 19:42 | 1724220 Phil Free
Phil Free's picture

Try a world-wide, global revolution. 

 

When wallets and stomachs empty, eyes will widen and feet will move.

Thu, 09/29/2011 - 20:02 | 1724288 High Plains Drifter
High Plains Drifter's picture

but, but , but, the deflationistas like mish will say that we are going into a deflationary depression..............

Thu, 09/29/2011 - 21:45 | 1724545 Prairie Fire
Prairie Fire's picture

wrong

Thu, 09/29/2011 - 23:15 | 1724717 jdelano
jdelano's picture

Morgan Stanley CDs now at 457 bps---far wider than soc gen. I smell smoke. Did zh light the match? What exactly is going on at ms?

Fri, 09/30/2011 - 01:01 | 1724871 darkstar7646
darkstar7646's picture

Frankly, it is about the only way to get to the next election -- Print AND basically Jubilee the mess.

Between now and the moment that the President for the next four years is successfully projected by the networks, it basically has to end.

There is too much anger, resentment, and the like on the table for the next 15 months to go by without massive violence (even if only on the basis of the election and economy -- as I think we have hit the point where a significant portion of the voter base now believes that, for the future of the country, another significant portion of the voter base must be done away with and killed!) on an even larger scale than we've seen now.

Thu, 09/29/2011 - 16:18 | 1723556 firstdivision
Thu, 09/29/2011 - 16:26 | 1723597 Edward Fiatski
Edward Fiatski's picture

Holeeee shit, indeed! Up on HFT volume.

Trillions of transactions. Per second, bitches. :)

Fri, 09/30/2011 - 01:02 | 1724874 darkstar7646
darkstar7646's picture

What did I hear, that the average share of stock is held for 8 seconds?

There is no freaking "stock exchange" anymore -- the machines set the price and financially rape the real-time human traders blind.

Thu, 09/29/2011 - 16:30 | 1723614 Comay Mierda
Comay Mierda's picture

perfectly normal, nothing to see here, move along

Thu, 09/29/2011 - 16:58 | 1723762 upWising
upWising's picture

i'm going long on that yellow police tape; that helps keep folks movin' past all the stuff there ISN'T there to see.

 Also goin' long on that factory in Nebraska where they make "zero's"  When Ben and his helicopters are done, we're gunna need a lot of zero's

ALCOHOL, TELEVISION, ALL-YOU-CAN-BUFFETS, RECLINER COUCHES.....
BUT ABOVE ALL....FAITH IN THE SYSTEM!

 and remember:
Jesus was American...that's why the BIble is in English. 

 

Thu, 09/29/2011 - 20:38 | 1724395 knukles
knukles's picture

Dimwit...
If Jesus was Americun, the Bible woulda been in Americun, too.
Fucking simpleton.

Thu, 09/29/2011 - 22:53 | 1724675 Imminent Crucible
Imminent Crucible's picture

No, no, no. King James was American, that's why the Bible is in Gideon's room at Motel 6. How can you guys be so stoopid?

Thu, 09/29/2011 - 22:28 | 1724628 Mr_Wonderful
Mr_Wonderful's picture

Actually Jesus never existed but that´s another story.

I posit that in last decades stupidity has become a norm as ever larger unemployment reservoirs have needed to be filled/hidden. Every idiot has a so called degree and by now the bar is about two inches above ground. Your dog probably could have good chance of landing a job at the Treasury. So, stupidity has in time become stimulative to the economy, something that is bound to crash down to earth with serious consequences, perhaps as early as next month.This is bizarro world as opposed to the market and its compnies where the incentive to hire total idiots for management would seem to be very limited. But in this system you have the intellectually challenged in charge and their hopeless policies damage and confound he market and its necessary functions. It can´t end well.

 

 

Thu, 09/29/2011 - 16:38 | 1723658 SheepDog-One
SheepDog-One's picture

SO sick of seeing the same old bullshit day after day. Wheres the SEC? Oh I remember, theyre worried about adjusting market breakers. The big one is coming and wont be recovered....this is conditioning only.

Thu, 09/29/2011 - 18:28 | 1724054 WhatCouldGoWrong
WhatCouldGoWrong's picture

Easy now, big dog. What do you mean, "where's the SEC"? They're right there for all to see. The chairman of the SEC, or his designants are part of the PPT.

For those ammo and food hoarders now amongst us and the young G-20 protesters taking a break from anarchy to post on ZH from their parent's basement, here's the wiki definition for the PPT;

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

Thu, 09/29/2011 - 18:16 | 1724028 WhatCouldGoWrong
WhatCouldGoWrong's picture

My guess is that you're looking at a PPT volume spike not HFT volume. Most of the HFT volume is exiting ES at that time of day. Today would have been truly ugly if your +20 day ends up in the red. Something had to be done....

Thu, 09/29/2011 - 16:20 | 1723563 Veteran
Veteran's picture

le systéme D always seemed to work for the french

Thu, 09/29/2011 - 16:20 | 1723564 I am a Man I am...
I am a Man I am Forty's picture

wait, hold on, i'm going to get my check book out.......fucking not

Thu, 09/29/2011 - 16:22 | 1723572 Chicago bear
Chicago bear's picture

Good time for Dems to implement plan C: hand over control to Ron Paul now that the pin is out of the grenade. Then, 2016, liberal fascism/global government answers to the fact that he implemented austerity and taxed the rich against his pledge.

Who let this piece of analysis out of the BCG office? Don't they understand their clients need to keep the cat in the bag.  

Thu, 09/29/2011 - 17:01 | 1723776 upWising
upWising's picture

that's exactly the plan.  Let the next dude try to get the hysterical, madly scratching cat anywhere NEAR the bag, much less in it. It aint liberal fascism/global government.....it's greed.

Thu, 09/29/2011 - 19:50 | 1724249 Bicycle Repairman
Bicycle Repairman's picture

I hope Rick Parry publicly endorses this plan.

Thu, 09/29/2011 - 19:54 | 1724265 DosZap
DosZap's picture

Bicycle,

PERRY IS DOA.

Thu, 09/29/2011 - 20:05 | 1724293 High Plains Drifter
High Plains Drifter's picture

http://www.youtube.com/watch?v=HdtjOZG0u0g

but, but , but , perry has friends with black hats and beards...

Thu, 09/29/2011 - 20:37 | 1724387 Bicycle Repairman
Bicycle Repairman's picture

I know.  Who better to introduce this POS that is also DOA.

Fri, 09/30/2011 - 01:05 | 1724878 darkstar7646
darkstar7646's picture

Perry has been anointed by the Bildeberg Group, it appears.

My guess: He's the next President.

Thu, 09/29/2011 - 18:13 | 1724026 FEARTHESHARK
FEARTHESHARK's picture

Ha! You think this is a Democratic plan?  Democrats aren't smart enough to conceive of this approach; they will merely do to the Republicans what the Republicans did to them in 2008--hand over a steaming pile of shit and say "your turn, but don't expect one iota of help from us." 

Fri, 09/30/2011 - 01:04 | 1724877 darkstar7646
darkstar7646's picture

You honestly believe we make it another five years...

That's delusion enough!!

Thu, 09/29/2011 - 16:22 | 1723575 TreZeke
Thu, 09/29/2011 - 16:22 | 1723577 AcidRastaHead
AcidRastaHead's picture

What? The extend and pretend strategy isn't going to solve the crisis?  Where's that dollar loving reporter when you need her.  She's got the answers.

Thu, 09/29/2011 - 16:22 | 1723579 kevinearick
kevinearick's picture

Pop-Goes-The-Weasel

The S&P goes through 0 with a 40 VIX, and the Obama venture capitalists let out another $1B for solar, to dramatically increase amps while driving more holes in the magnet. Does it get any better?

Stupid + paper = stupid + paper

If you adjust for inflation/computer money, we are in a depression. If we were monetizing future productivity there would be a counter argument, but we are not. We are monetizing government, of, by, and for government. Government workers are paying themselves with artificial demand to put everyone else out of business. It’s not the fault of stupid individuals; they are playing the system the way it was designed to be played, of, by, and for zombies.

The private sector walks away, and the government takes over. If you’re a government-related worker that has made the latest cut, it doesn’t get any better, until the next cut. Government is not capable of producing an economic profit, try as it might, and placing a gun to the head of economic producers is counter-productive, especially when they can shut the economy off with a switch on their way out.

Currency has no intrinsic value. Giving 4% loans to the people creating massive economic losses and 0% loans to the governments employing them is not going to solve the problem. It is the problem, and inflating the balance sheets of corporations with no real economic function doesn’t help any. They cannot maintain what they have, but they want to build more? What is the function of Home Depot(Boeing,etc) at this point, and why isn’t its balance sheet elastic?

If you don’t set your own tax rate, you don’t own, have an equity stake in anything. Only make-workers make decisions based on government self-reinforcing data. Do the same when you want to build a bigger catapult. Government is simply a fulcrum supporting a counter-weight, which may be replaced at will. Normally, you are better off with the devil you know, but you only have yourself to blame if you think it’s God.

Every so often, the spring is released to reach the next orbit. Don't fight city hall; become city hall.

Re-examine the voices in your head frequently. Are they pulling you back or propelling you forward? Where are they coming from?

Thu, 09/29/2011 - 17:11 | 1723812 Stoploss
Stoploss's picture

You left out that the biggest loan went to the solar company run by Nancy Pelosi's brother in law.  Coincidence?? I think not.

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