A Peaceful, Stress Free, (Lack of) Labor Day Open Thread

Tyler Durden's picture

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caerus's picture

first bitchez

That Peak Oil Guy's picture

Good article on the laws of thermodynamics applied to the economy:

http://www.theoildrum.com/node/8317

Entropy, bitchez!

Dr. Richard Head's picture

Here's to my socialist Great Grandfather Peter McGuire's union forced Labor Day - http://www.dol.gov/opa/aboutdol/laborday.htm

scratch_and_sniff's picture

I just seen an experiment on TV, its has been repeated in various other places too, what happened was that 150 people had to guess how many jellybeans were in a huge jar...there was 5540 jellybeans - they're combined estimate was 5542! They also guessed the correct weight of a cow...so, lets have some estimates for the S&P come 1 week, 1 month and year end. No bullshit answers, everyone have a genuine guess; saying 400 is ok, but seriously have a decent guess, the more guesses the better.

caerus's picture

i have heard this too...the statistical opinion of a large sample of people was very close to the actual number

narapoiddyslexia's picture

Is this not the same error the Chicago mafia who espouse efficient markets theory make? The problem arises that part of the object being estimated [wrt the markets] is other people who are also making estimates. Thus, it is chaotic.

When you're looking at a pig, the damn pig is not shifting its weight in response to your estimate.

Different thing entirely, dudes.

The sun is no longer over the yardarm, btw.

Let us all curse the efficient market theorists, to hell and gone.

 

 

sIewie the pi-rat's picture

AND stay aWaY - I sezzz!!! STAY AWAY

all Uze Mother EFFING

TROLLLLLLS!!!!!!!!!!!!!

 

 

 

 

mynhair's picture

Piss off, Rat!  Uh, what recession?

Missed the memo on "D' being deleted from the language.

spiral_eyes's picture

Does anyone believe we can have a recovery without reindustrialisation?

And reindustrialisation requires that Western goods can be priced competitively against Chinese imports. But I think the problem here is really U.S. military spending — it subsidises Chinese imports by providing "global stability" How?

 

Global “stability” attained through military spending lowers the cost of shipping, and insurance on shipping to artificially low levels. That means that Chinese goods can be sold for far, far less in Britain and America than otherwise, which as we have seen wipes out domestic manufacturing because of the cheapness of foreign labour. And the ironic twist is the “global stability” is subsidised by Western taxpayers who can no longer find employment in manufacturing!

And if drastically cutting military spending is not considered palatable, then the least Western nations can do is implement tariffs on imports from the East. This would go some way to pay for the subsidisation of “global stability”, and would create a more level playing field for Western manufacturing to bounce back, and redevelop the manufacturing, supply chain, and human infrastructure that they have allowed to degenerate.


http://azizonomics.com/2011/09/02/reindustrialisation/

 

AldousHuxley's picture

American way to screwed the unemployed by hiring company to reject your unemployment claims just like they do with your healthcare claims:

 

http://www.youtube.com/watch?v=iKku9AIk-Yo&feature=relmfu

Rockfish's picture

Trariffs would put a crimp in chines imports why we won't go that rout is because the pockets we hurt the most are the US corptocricy ero gumby /corp/gumby...........

oldman's picture

Spiral,

Sorry we woke you; go back to sleep, please.

Golden monkey's picture

Recovery is dead. We welcome the global con, which can be resume in the depleted uranium/radioactive rain pair trade.

Glad to be here with you Tyler. When you have a chance, tell them to kiss their ass goodnight.

http://www.youtube.com/watch?v=ZvzyULbf98U

chaartist's picture

import tarrifs never were a solution to anything. this is only other form of srewing one group at the expense of others.

11b40's picture

Oh, really.  So, what group is getting screwed now?  How did we loose all those industries with decent paying jobs that allowed for the tax base that paid for our infrasturcture?  Why is this country bleeding to death, when we were told how great free trade would be for us? 

Or, maybe you are not an American.  Then, I could understand your point.

 

bankruptcylawyer's picture

does anyone believe the u.s. will 'reindustrialize' after 30 years of effort deindustrializing?

 

this is capitalism. this is madness!. :). 

 

reindutrialization will not happen without war. best case scanario dollar goes up a lot , financial collapse occurs, and the u.s. starts making more of the stuff it needs becasue it's too expensive to import ( best case is that we become a third world country ) . worst case is we keep going in the direction we are and we begin heading for world war iii. i for one support the u.s. becoming a third world country like argentina rather than instigating world war three. the germans thought they were so special they started world war ii. and look how that wound up . not only did they lose power but they fucked the world over. same will happen to the invincible u.s. 

 

you can nuke the whole world twice over, but what good is it to you when so much of your power derives from exerting control over the wealth of your enemies. power ultimately derives from cooperation and control. not from destroying the very assets you wish to utilize. destroying saddams oil fields puts us in the position of having to redevelop them with the help of a hostile nation . if we are there for 40 years AND the iraqis decide they like us, we will benefit from advanced oil production. 

 

in the meanwhile, yes yes petrodollars blablabla...

 

 

( which used to be fully advanced and rich ) . 

 

 

bankruptcylawyer's picture

does anyone believe the u.s. will 'reindustrialize' after 30 years of effort deindustrializing?

 

this is capitalism. this is madness!. :). 

 

reindutrialization will not happen without war. best case scanario dollar goes up a lot , financial collapse occurs, and the u.s. starts making more of the stuff it needs becasue it's too expensive to import ( best case is that we become a third world country ) . worst case is we keep going in the direction we are and we begin heading for world war iii. i for one support the u.s. becoming a third world country like argentina rather than instigating world war three. the germans thought they were so special they started world war ii. and look how that wound up . not only did they lose power but they fucked the world over. same will happen to the invincible u.s. 

 

you can nuke the whole world twice over, but what good is it to you when so much of your power derives from exerting control over the wealth of your enemies. power ultimately derives from cooperation and control. not from destroying the very assets you wish to utilize. destroying saddams oil fields puts us in the position of having to redevelop them with the help of a hostile nation . if we are there for 40 years AND the iraqis decide they like us, we will benefit from advanced oil production. 

 

in the meanwhile, yes yes petrodollars blablabla...

 

 

( which used to be fully advanced and rich ) . 

 

 

AldousHuxley's picture

Short sighted Americans should watch learn their future from Japan's woes.

 

  • Husband loses white collar job due to outsourcing to China (sounds familiar?)
  • Husband secretly works as a mall janitor after made to sing at a job interview (In US, you can't even work as a janitor as illegal mexican union took that over)
  • Husband meets friend who is also acting like he has a job to his family. Has phone programmed to ring. (Americans have no real friends anyway)
  • Wife sleeps with robber (In America, wife will just leave you and have you pay her for alimony)
  • Eldest son joins US Army (American kids will soon join the Chinese Army when US army is full)
  • Youngest son uses lunch money for piano lessons (American kids will instead use lunch money and do drugs)

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

Lesson learned: non-unionized private corporate workers are most vulnerable in the coming globalized depression 2.0

Tater Salad's picture

Aldous or should I call you gook?

You forgot to mention the American, with 10 inches of cock stuffs your mom full of smeg for fun on the side, while looking for a [blow] job.

Do you own a Cadarak?

Maniac Researcher's picture

Of those who say nothing, few are silent. - Thomas Neill

AldousHuxley's picture

No, but your taxes are paying for other crooked cocks for all the fun this weekend.

 

The Clients

Among the names ABC News was able to confirm on the list:

a vice president of NBC Universal

the part owner of a Major League Baseball team who "loves Kelsey"

the CEO of one of the country's largest private equity firms who met "Cameron" at the Peninsula Hotel

a major New York real estate developer who, according to the list, "will come to the door wearing women's panties," and who spent nearly $100,000

a partner at the Wall Street law firm Cravath Swaine Moore "looking for a party girl to come fully equipped" and spent a total of $20,000

an investment banker from Lehman Brothers who saw "Kelsey and Keely together" and later saw "Aria and Skyler at the same time"

an investment banker at JP Morgan Securities who "loves Brooke" and spent $41,600

an investment banker at Goldman Sachs who "only wanted all-American girls" and spent $27,000

a managing director from Merrill Lynch who saw "Lana" using the name "Nataly"

a managing director from Deutsche Bank "who called about seeing Nataly again"

 

 

Manhattan Madam Says Clients Had Payments Disguised

Some of the men contacted by ABC News denied they used their corporate cards, and ABC News could not independently confirm if the credit card numbers listed were corporate accounts. “I as the proprietor of a business get arrested and lose everything when no one that was frequenting my business or spending $200,000, $300,000 a year has been punished in any way or looked into,” Ms. Davis said, according to ABC.

 

http://abcnews.go.com/Blotter/WallStreet/story?id=6813806&page=1

 

Happy labor day!

jakethesnake76's picture

it's not their fualt it's just culture ya know ,even if Taxpayer subsidized lol

 

Manhattan psychotherapist Jonathan Alpert, who works with many Wall Street clients, told ABC News that many of his clients who patronize escort services are accustomed to high risks and high stakes on the job, and seeing a prostitute, especially if one is married, provides the same rush. "You're playing with fire...it's part of the culture of Wall Street. A lot of drugs, cocaine use, fast times, sex--it's part of the culture."

Alpert said people also use adult sexual service as a way to cope with stress in much the same way that one may use alcohol or drugs. "It's a way to escape," said Alpert, adding that "A lot of clients I see tell me they simply want someone to speak to, someone to listen to them."

 

So it's like tipping the waitress i guess huh ??

AldousHuxley's picture

greedy sick bastards can have whatever low class culture they prefer, but not on tax payers' dime.

 

I'll tell you another "way to escape": go throw yourselves off of one of them high rises.

 

prostitution and casino gambling go hand in hand and they are usually run by the mafia. In the case of NYC is it the jewish bankster mafia gambling your life savings to support their sickness of paying whores and drugs for life.

Yen Cross's picture

Mynhair you are a better person.>    Respect Slewie / because he would give his life in your darkest hour! You know he would save your family !   UNCONDITIONIALLY (  sp ) Intended!

slewie the pi-rat's picture

dammit, Y/C i told ya last week i had a clone and you asked me how my family wuz doing!

pay attention, fly-boy!  there maaaayy be a quiz!  L0L!!!

Yen Cross's picture

 Thanks for the update Slewie. I'll try to keep my cheat sheet handy! Nice to see everyone is in such a good mood!

 

   Couldn't have anything to do do with 10's closing @ 2.05 Friday?

slewie the pi-rat's picture

L0L!!!  no, Y/C.   you didn't see the clone's first appearace, so i just wanted you to be up to speed, as you are!  no sweat, amigo

the first time i saw the clone, i thought:  i don't remember posting here...

mynhair & i had a little good, clean fun a coupla weeks ago.  i think i called myn a furball and (s)he scratched me or something.  now, my clone and myn_r and as bad as you & snidely!

i feel the same way abt the swissy as you.  if this is a "safe" fiat, howzabout a bridge?  but i don't trade fx like you, Y/C.  i think you have a good eye for detail and you made a fine top call for the dollar/yen back there a wayZe, too

see ya!

 

 

thunderchief's picture

Nice cat. 

The USA will not create jobs until it stops importing everything.  That is why everything is at stall speed. 

There is no anbandoning of all this junk pumped into US ports,  and no desire to creat quality things people can keep and use that still retain value.

For starts how about things you can replace parts instead of throwing the whole thing out?  What crap from China can you replace a broken part.  Even if the battery dies in some things the whole thing goes in the trash.  Trash products for  trash cash.

Absinthe Minded's picture

Yeah, it fuckin pisses me off when you can buy a whole new printer for less than the cost of a black and color print cartridges.

Stax Edwards's picture

That is called the Gillette marketing model and is HP's mantra.

Remember how Gillette gave away free razors (obviously at a loss) so you can buy the expensive refills?

New_Meat's picture

Absinthe was popular in France in 1918.

ToNYC's picture

 

You missed at least one more level in pissing off when they pay you to take out a 2-year contract and raise the ink cartridge prices. Ta-da.

Yen Cross's picture

 Hey Slewie and mynhair ( Sp;) let's bury the hatchet? Thanks yen.

 

      We are on the same side. > let's be a team?

New_Meat's picture

nara-whatever:

"When you're looking at a pig, the damn pig is not shifting its weight in response to your estimate."

U Betcher Ass!

And the Sun is well over the yardarm, whatever that is.  I've heard on good authority that this is a world-wide phenomenem.  Who knew?

And, well,  we'd have to add the curse to Gauss, the Normalienz, and, well, we can figure more over the weekend.  Which, btw, will have the sun's wheelz goin' round-and-round.

- Ned

 

DCFusor's picture

No, no, efficient market theorists are the babies I take the candy from in trading every single day!  We NEED someone stupid out there like that!

I didn't catch any riducule for going super long FAZ yesterday at the close.  Heh, that had to be more money for the least minutes of holding something (yesterday close to today open) ever.  Neat.  Couldn't happen to a nicer bunch of guys.  Yeah, I'd have got about a percent more holding it all day, but also "C'mon, take the money and run".

 

Blano's picture

Well done.  I didn't have the guts.

ToNYC's picture

 

Keep talking. Mr. Market will nail your ass sooner than I can call you speechless.

caerus's picture

i don't know much about the mafia and i despise the term "efficient markets"...i do know mathematics however, and i assure you that even "chaos" has its order

oldman's picture

C,

You are just tricking yourself----------------no such thing as order-----only orderlies----no such thing as chaos, either

we all do this, it is part of the human condition like this conditioned self of a fool who is writing          om

caerus's picture

this is a problem i frequently encounter with those who wish to discuss mathematics with words...mathematics is its own language...english is a sad shell

ToNYC's picture

 

It may not look like chaos to everybody.

russki standart's picture

Efficient Markets Theory probably cost me more money than anything else that I learned in undergrad and grad school It took me years to unlearn it.

MrPike's picture

Seriously.  I sort of wondered why I was attending the classes if all prices in the market were always fair, why not just buy wontonly?  

e_goldstein's picture

A truly efficient market doesn't have a place for theorists.

 

narapoiddyslexia's picture

Not the same, I'm afraid. They were looking at the objects.

Show me the S&P come 1 week, 1 month, and year end, and I'll tell you how big it is.