Muni Market Prepares For "Hundreds And Hundreds" Of Downgrades Tomorrow

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Sun, 08/07/2011 - 21:40 | 1534844 Long-John-Silver
Long-John-Silver's picture

And-it's gone!

Sun, 08/07/2011 - 21:47 | 1534879 trav7777
trav7777's picture

how is this shit relevant?  The states with bad credit are already known...SP follows the market again

Sun, 08/07/2011 - 21:55 | 1534927 wang (not verified)
wang's picture

you want relevant

this is relevant

a window into the MSM PR machine

Sun, 08/07/2011 - 22:25 | 1535033 windcatcher
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What you nickel squeezers fail to recognize is the philosophy behind this great debacle:  One must understand your enemy, fascism is their game and Adolf Hitler is there idol.


I collect quotes because quotes summarize a person’s existence on Earth in a few statements.


Here are a few quotes from the great fascist that I am sure you can relate to.


Humanitarianism is the expression of stupidity and cowardice.


Those who want to live, let them fight, and those who do not want to fight in this world of eternal struggle do not deserve to live.


"The receptivity of the masses is very limited, their intelligence is small, but their power of forgetting is enormous. In consequence of these facts, all effective propaganda must be limited to a very few points and must harp on these in slogans until the last member of the public understands what you want him to understand by your slogan."


What good fortune for governments that the people do not think."


Great liars are also great magicians.


Hate is more lasting than dislike.


All propaganda has to be popular and has to accommodate itself to the comprehension of the least intelligent of those whom it seeks to reach.


Demoralize the enemy from within by surprise, terror, sabotage, assassination. This is the war of the future.


Any alliance whose purpose is not the intention to wage war is senseless and useless.


All great movements are popular movements. They are the volcanic eruptions of human passions and emotions, stirred into activity by the ruthless Goddess of Distress or by the torch of the spoken word cast into the midst of the people.


Mankind has grown strong in eternal struggles and it will only perish through eternal peace.


Struggle is the father of all things. It is not by the principles of humanity that man lives or is able to preserve himself above the animal world, but solely by means of the most brutal struggle


Strength lies not in defense but in attack


Demoralize the enemy from within by surprise, terror, sabotage, assassination. This is the war of the future.





The great masses of the people will more easily fall victims to a big lie than to a small one.


The great strength of the totalitarian state is that it forces those who fear it to imitate it.


The victor will never be asked if he told the truth.


Through clever and constant application of propaganda, people can be made to see paradise as hell, and also the other way round, to consider the most wretched sort of life as paradise.


The broad masses of a population are more amenable to the appeal of rhetoric than to any other force. Strength lies not in defense but in attack Make the lie big, make it simple, keep saying it, and eventually they will believe it.


If you tell a big enough lie and tell it frequently enough, it will be believed


The art of leadership... consists in consolidating the attention of the people against a single adversary and taking care that nothing will split up that attention.


The victor will never be asked if he told the truth.


As soon as by one's own propaganda even a glimpse of right on the other side is admitted, the cause for doubting one's own right is laid


The day of individual happiness has passed


"The most foolish mistake we could possibly make would be to allow the subject races to possess arms. History shows that all conquerors who have allowed their subject races to carry arms have prepared their own downfall by so doing. Indeed, I would go so far as to say that the supply of arms to the underdogs is a sine qua non for the overthrow of any sovereignty. So let's not have any native militia or native police. German troops alone will bear the sole responsibility for the maintenance of law and order throughout the occupied Russian territories, and a system of military strong-points must be evolved to cover the entire occupied country." --Adolf Hitler, dinner talk on April 11, 1942, quoted in Hitler's Table Talk 1941-44: His Private Conversations, Second Edition (1973), Pg. 425-426.


The very first essential for success is a perpetually constant and regular employment of violence.


I use emotion for the many and reserve reason for the few.


Success is the sole earthly judge of right and wrong.


Sooner will a camel pass through a needle's eye than a great man be "discovered" by an election?


Is always more difficult to fight against faith than against knowledge


I do not see why man should not be just as cruel as nature. Today I stand here as a revolutionary, it is as a revolutionary against the Revolution.


I believe today that my conduct is in accordance with the will of the Almighty Creator.


Universal education is the most corroding and disintegrating poison that liberalism has ever invented for its own destruction.


He alone, who owns the youth, gains the future.


Do these murderous sociopathic statements sound familiar? They should, Hitler is Obama’s, Bush’s, Bankster’s and the new world order’s Idol and their motivation for the future. Sad but true. Now do you understand how anyone could be so mean!







Sun, 08/07/2011 - 22:44 | 1535095 silvertrain
silvertrain's picture

I got a one to follow those , "no one can take advantage of you without your permission"

Mon, 08/08/2011 - 05:53 | 1536211 goldfish1
goldfish1's picture

It was billed as a day of prayer and fasting to halt America's national decline, and about 30,000 answered the call, flooding into Houston's Reliant stadium for a seven-hour marathon which blended Christian revivalism with hard-headed electoral campaigning.

There was plenty of prayer: some of the faithful stood with arms held high in supplication, others danced trancelike in the aisles and still more lay spreadeagled on the floor.

The rally on Saturday marked another step towards the launch of Rick Perry's presidential campaign

Sun, 08/07/2011 - 23:06 | 1535172 CompassionateFascist
CompassionateFascist's picture

And Adolf's little-known Last Words: "I'll be back, and next more Mr. Nice."

Mon, 08/08/2011 - 00:09 | 1535431 windcatcher
windcatcher's picture

Don’t threaten me you piece of shit! I am lock and loaded and at least I will die honorably.


Sun, 08/07/2011 - 23:26 | 1535287 jplotinus
jplotinus's picture

It is a mistake to claim that "might makes right" to put it no more strongly than that.

Cooperation between and among nations and groups within nations is the right approach to thoughtful resolution of world problems.

Sun, 08/07/2011 - 21:52 | 1534902 Michael
Michael's picture

Total bond market collapse bitches.

Sun, 08/07/2011 - 22:05 | 1534954 indygo55
indygo55's picture

You are back. How are you?

Sun, 08/07/2011 - 23:43 | 1535373 rocker
rocker's picture

Merideth Witney finally gets redemption. 

It seems that the market only corrects after burning shorts instead of reality. No matter where.

Mon, 08/08/2011 - 00:27 | 1535647 SamuelMaverick
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Sun, 08/07/2011 - 21:55 | 1534923 Mr Lennon Hendrix
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It's called a changeover.  The movie goes on, and nobody in the audience has any idea.

Sun, 08/07/2011 - 22:23 | 1535025 snowball777
snowball777's picture
"No one really knows that they've seen it... but they did."
Sun, 08/07/2011 - 21:40 | 1534845 azengrcat
azengrcat's picture

Meredith is WINNING

Sun, 08/07/2011 - 22:04 | 1534952 disabledvet
disabledvet's picture

I hear she's just offered up her services to Playboy to celebrate. The spread is called "The Whitney Estate" and she's even agreed to pen a missive between "shots in the Rolls, shots with the stallion, and shots with a Browning shotgun while various clay pigeons fly about." Sounds exciting--i've ordered a year supply in celebration of the world actually ending.

Sun, 08/07/2011 - 22:58 | 1535144 caerus
caerus's picture


Sun, 08/07/2011 - 22:04 | 1534953 Quixotic_Not
Quixotic_Not's picture

LOL, that's exactly what I said yesterday:

Funny, I haven't heard anyone mention how the downgrade(s) of 'MeriKa's credit rating will effect Municipal borrowing/credit ratings!

I think that by 2011 Q4 Meredith Whitney shall be more than vindicated, and the eco-terrorists for hire, like Krudman and the Bernank et al., will be seen for the traitors they are...

Continuation of cake for the unwashed masses and trillions for the Ivy League tribe?

Sun, 08/07/2011 - 22:27 | 1535038 Id fight Gandhi
Id fight Gandhi's picture

Time for cnbs shit festival of meredith bashing. Who knows if she'll be spot on in her predictions but she takes much more shit for anything so you know it must hit a nerve

Sun, 08/07/2011 - 23:13 | 1535210 narnia
narnia's picture

Meredith wasn't bold enough.  This isn't just a muni problem, it's a state problem too.  

Sun, 08/07/2011 - 21:42 | 1534851 4realmoney
4realmoney's picture

We're going to need lots of Silver Eagle monster boxes to get through all of this.

Sun, 08/07/2011 - 21:45 | 1534871 XenoFrog
XenoFrog's picture

I wish I could afford one.

Sun, 08/07/2011 - 21:59 | 1534944 Forgiven
Forgiven's picture

You can't afford not to get one.

Sun, 08/07/2011 - 23:12 | 1535201 CompassionateFascist
CompassionateFascist's picture

Buy into the dips, 10 SEs at a time; they add up fast. I love the sound of silver in the morning.

Sun, 08/07/2011 - 23:31 | 1535297 Manthong
Manthong's picture

Then buy an empty green box from a dealer (about eight bucks or so) and fill it up over time or make your own version of a green monster box..

you can easily fit 25 rolls of ASE's in a 50 cal. ammo can. 

Sun, 08/07/2011 - 21:42 | 1534855 km4
km4's picture

meredith whitney on muni crisis proved right

Sun, 08/07/2011 - 21:46 | 1534875 oogs66
oogs66's picture

lots of people called it better than her, but who is to complain so long as they go down!

Sun, 08/07/2011 - 21:47 | 1534882 wang (not verified)
wang's picture

such as?

Sun, 08/07/2011 - 22:07 | 1534962 Quixotic_Not
Quixotic_Not's picture


1000% for sure Bob Chapman did...

FWIW, I called all this shit 10+ years ago, but I don't have the time nor inclination to go looking and link it.

P.S.  Bought PMs 2001-2002, still haven't sold em' ;-)

Sun, 08/07/2011 - 23:43 | 1535399 nscholten
nscholten's picture

10 years is not a call. 

Sun, 08/07/2011 - 21:47 | 1534860 TruthInSunshine
TruthInSunshine's picture
Italy, Portugal, Spain, Ireland, Greece, the U.K., France...

....Montgomery County, Alabama, Jefferson County, Alabama, hundreds or thousands of other munis...

...Everyone's in debt up to their eyeballs.

What crisis will be next? Nothing like 1800 crises happening at once to get the QE3 pump primed.

*Don't Panic!*- Scene from Airplane‏ - YouTube
Sun, 08/07/2011 - 21:43 | 1534861 Re-Discovery
Re-Discovery's picture


I guess tonight proves you really can surf a tsunami . . . if your'e a PM investor.

Sun, 08/07/2011 - 21:45 | 1534868 caerus
caerus's picture

meredith whitney bitchez!!!

Sun, 08/07/2011 - 21:46 | 1534876 PaperBugsBurn
PaperBugsBurn's picture



Burn it all down!


Get the fascists!!  BEHEAD THEM!!!  LMFAO

Sun, 08/07/2011 - 22:56 | 1535139 Ima anal sphincter
Ima anal sphincter's picture

Don't laugh.....It's not a joke.

Sun, 08/07/2011 - 22:59 | 1535149 caerus
caerus's picture

is it cool if i laugh at your handle?

Sun, 08/07/2011 - 21:48 | 1534883 Dr Hackenbush
Dr Hackenbush's picture

the entrapenuer spirit in me keeps saying - "start your own rating agency."  

Sun, 08/07/2011 - 21:48 | 1534884 Lmo Mutton
Lmo Mutton's picture

Get that downgrade on like donkey kong.

Sun, 08/07/2011 - 21:49 | 1534885 Ident 7777 economy
Ident 7777 economy's picture



Heng Sen 40 down 2.76% ATTM ...



Sun, 08/07/2011 - 21:49 | 1534889 MAGICWIZARD

money flows to t's....

Sun, 08/07/2011 - 21:49 | 1534890 automato
automato's picture

This is a horrible movie! You know the line from the "American President" when Robin McCall: I think the important thing is not to make it look like we're panicking. 

President Andrew Shepherd: See, and I think the important thing is actually not to BE panicking. Well every time some government bozo or economics clown or wildman from omaha opens their stupid mouth they ALL look like they are panicking. I just wish they would all SHUT THE FUCK UP!

Sun, 08/07/2011 - 21:49 | 1534891 Yen Cross
Yen Cross's picture

  Is it just ME?  CABLE and E/U inverted H/S on  the H-4? Necklines and all>

Sun, 08/07/2011 - 21:51 | 1534896 Blagio
Blagio's picture

Meredith Whitney woke me out of bed to show me this article.

Sun, 08/07/2011 - 21:51 | 1534900 cpgone
cpgone's picture

Meredith Whitney ....WINNING

Sun, 08/07/2011 - 21:58 | 1534935 Yen Cross
Yen Cross's picture


Sun, 08/07/2011 - 21:53 | 1534909 wang (not verified)
wang's picture

Meredith on 60 minutes

actually she never said hundreds of billions within 12 months ie 2011

she said hundreds of billions

and in a different part of the interview said that people would start to worry within 12 months ie 2011

here's the interview from xmas 2010 she is on at the beginning and again starting at the 12:44 mark

Sun, 08/07/2011 - 22:27 | 1535034 Yen Cross
Yen Cross's picture

60 fallacies?  repeat that lost ( L )

Sun, 08/07/2011 - 21:54 | 1534915 vast-dom
vast-dom's picture

Repeat after me: TBT.



Sun, 08/07/2011 - 22:36 | 1535063 Yen Cross
Yen Cross's picture

You have balls!  Mightie small they are. Lets trade1?

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