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Schiff Vs. Insana; Matter Vs. Anti-Matter

Tyler Durden's picture





 

Perhaps no better example of the two camps of perspectives on the market's performance and the Fed's expectations was on display this afternoon on CNBC. In the 'we need some destructive asset clearing in order to get back to any sort of growth trajectory and the Fed is feeding an inflationary monster with its band-aid upon band-aid money-printing' camp is Peter Schiff; while the other side of the investing octagon is Ron Insana who sees a '100% rise in stocks as evidence of something and that the Fed must do something, anything in order that we avoid the reality under the surface of a deleveraging deflationary world economy'. We are not sure of the winner as the shouting became too much to bear - but nevertheless the vociferous nature of the two combatants (each proclaiming their #winning-ness) shows the bifurcated world in which we live.

 

 


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Wed, 09/12/2012 - 19:08 | Link to Comment max2205
max2205's picture

Ron is a big asshole. Boring wrong loser ego prick

Other than that....

Wed, 09/12/2012 - 19:14 | Link to Comment SemperFord
SemperFord's picture

Yup, reminds me of Benny Boy, balding fuck who thinks stocks are the economy!

Wed, 09/12/2012 - 19:37 | Link to Comment JPM Hater001
JPM Hater001's picture

This is extremly bullish for seashells.

What is most fun to me is that it will all be there on tape in the end.

And the end is near.

I really try not to self promote here but here is the end dickhead in my latest video...get to the end my daughters face is all you need to know: http://youtu.be/-LbuADjclNc

What we are doing to our childrens hope...This is the End.

Wed, 09/12/2012 - 19:47 | Link to Comment RSloane
RSloane's picture

Well done! Thanks so much for the link.

Wed, 09/12/2012 - 20:04 | Link to Comment Pladizow
Pladizow's picture

In 2006-2008 did'nt Insana's hedge fund fail and have to go back to being a paid puppet?

If he knew in 2003 the housing market was in trouble, why did'nt he short it and have a successful hedge fund?

Wed, 09/12/2012 - 20:17 | Link to Comment stocktivity
stocktivity's picture

It's all Bullshit!

Wed, 09/12/2012 - 20:24 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

What is bullshit is that CNbS videos no longer show on ZH through me iAss.... I mean iPhone4s.

Wed, 09/12/2012 - 22:57 | Link to Comment FEDbuster
FEDbuster's picture

Save this clip for "Peter Schiff was right 2013".

Thu, 09/13/2012 - 00:41 | Link to Comment economics9698
economics9698's picture

Insana talks like a macroeconomics textbook.  Now you guys know why I am fucking nuts.  Try teaching this shit and then trying to tell your students its shit.

Wed, 09/12/2012 - 20:32 | Link to Comment Thomas
Thomas's picture

Insana was calling a housing bubble? Yeah. Right. He's a dildo just like all the other dildos on CNBC. How many decades are they gonna laugh at Schiff on CNBC. Bring back Mike Norman if you're gonna do that. He was the supreme dildo (along with that long-haired Neanderthal who was laughing with him.) Schiff is a natural lightening rod. If James Grant was saying exactly the same thing, Insana would be cowering in the corner, sucking up his own vomit in fear. I can't shit on him enough.

Wed, 09/12/2012 - 22:54 | Link to Comment A Nanny Moose
A Nanny Moose's picture

IIRC, he miscalculated the initial rush herding, to dollars and sovereign debt. Peter at least owned up to the "error" in his thesis. The real miscalculation being the  will of the Government and The Fed.

Thu, 09/13/2012 - 00:42 | Link to Comment economics9698
economics9698's picture

Thomas you need to post more just so I can check out the Mercury girl’s tits.

Thu, 09/13/2012 - 00:31 | Link to Comment redpill
redpill's picture

Seriously, this will be another "Schiff was right" video and all these loser Keynesians will still throw up their hands and say "who could have known???"  Fuckers.

Wed, 09/12/2012 - 20:33 | Link to Comment Thomas
Thomas's picture

Insana was calling a housing bubble? Yeah. Right. He's a dildo just like all the other dildos on CNBC. How many decades are they gonna laugh at Schiff on CNBC. Bring back Mike Norman if you're gonna do that. He was the supreme dildo (along with that long-haired Neanderthal who was laughing with him.) Schiff is a natural lightening rod. If James Grant was saying exactly the same thing, Insana would be cowering in the corner, sucking up his own vomit in fear. I can't shit on him enough.

Wed, 09/12/2012 - 20:51 | Link to Comment SGS
SGS's picture

"100% stock recovery was not a recovery"

 

So was printing 6 trillion fucking dollars you motherfucker.

Wed, 09/12/2012 - 20:52 | Link to Comment SGS
SGS's picture

"You can collect seashells, I'll keep buying Gold"

 

If Peter had a vagina I'd fuck him.

Wed, 09/12/2012 - 21:40 | Link to Comment CompassionateFascist
CompassionateFascist's picture

2 Jews in a tub. I grow tired of all these "ideas". What's needed is cathartic Action.

Wed, 09/12/2012 - 22:17 | Link to Comment hannah
hannah's picture

actually ron insana did call the housing bubble. there are presentations on the internet where he talks about the coming implosion. this was done outside of cnbc. then he quits cnbc and starts a hedge fund that invests in RMBS...? then that went bust.

he is a paid toad...but he did call the housing bubble.

Wed, 09/12/2012 - 22:24 | Link to Comment smlbizman
smlbizman's picture

when

Wed, 09/12/2012 - 23:40 | Link to Comment hannah
hannah's picture

the videos were probably filmed around 2004(?). they were videos of paid(?) talks he gave for small groups (i think).

 

Thu, 09/13/2012 - 01:00 | Link to Comment JLee2027
JLee2027's picture

Probably the prospect of making strong money changed his mind. Like Greenspan's paper promoting Gold as Economic Freedom then becoming Fed Chairman and supressing Gold. They know better, but for some reason they lie like dogs. Don't understand it myself. Whatever, he's a sh/t.

Wed, 09/12/2012 - 22:21 | Link to Comment smlbizman
smlbizman's picture

when did george castanza become a douchebag financial expert?

Wed, 09/12/2012 - 20:59 | Link to Comment TwoShortPlanks
TwoShortPlanks's picture

The crying shame is that if we (the people who believe current policy is wrong) end up being right, there will be no camera crews or media shooting film of those who were wrong, eating out of rubbish bins...therefore, no official apology, and no recognition whatsoever.

Instead, what we will see, is that of Governments held-bent on taking Gold from us. We will be labelled as dishonest hoarders, akin to War Profiteers, after their [subconscious] realisation that they were wrong after-all.

There will be two minds which will emerge; the first is the puny mind of the average citizen, incapable of accepting that the were either wrong or acknowledge that they were lazy to investigate when things were amiss. The other is that of the Cerebral Narcissist, they will convince themselves and each other that their new position is merely an intelligent evolution in their own mindset and pathway, brought about from intellectual superiority, definitely not a 180 deg turnaround on their behalf. These two minds will constitute the media mouthpiece.

This is how we turn other nations and other people into enemies before waging war, and this is how metal holders will be turned into enemies of the state and the citizen-serfs of that state.

People like Schiff don't realise it as yet, but a target will emerge upon his back.

Wed, 09/12/2012 - 21:27 | Link to Comment Karlus
Karlus's picture

Cant take what is on the bottom of the lake. Happens every time I go boating.

And if they make it illegal, there are plenty of foreigners that would love to trade me something nice for it.

They can laugh at Schiff all they want (and have for years, literally). I have done far better than any d-bag financial advisor or Bernie Madoff fund manager YOY and will continue.

CNBC is designed to part you from your money should you be silly enough to listen to any of these boobs.

Wed, 09/12/2012 - 23:33 | Link to Comment TwoShortPlanks
TwoShortPlanks's picture

And Bloomberg USA is a continuous fucking Ad, punctuated only by the occasional Market Update...iPhone, iPhone, iPhone, iPhone, i'veAlreadyFuckingGotOne

Wed, 09/12/2012 - 20:53 | Link to Comment Shizzmoney
Shizzmoney's picture

Because he is a shitty broker?

Wed, 09/12/2012 - 21:17 | Link to Comment JPM Hater001
JPM Hater001's picture

"If he knew in 2003 the housing market was in trouble, why did'nt he short it and have a successful hedge fund?"

In past interviews Schiff has said he should have opened a hedge fund. And pretty sure there is little to negatively asses about Peters personal Investing. Suck on that.

Wed, 09/12/2012 - 19:47 | Link to Comment krispkritter
krispkritter's picture

Insana-ty. Sounds like a worshipper at the altar of Krugman, Bernanke, and Keynes(aka, Dewey, Screwm, and Howe). Now I know why I shot my TV...

Wed, 09/12/2012 - 22:58 | Link to Comment A Nanny Moose
A Nanny Moose's picture

Indeed. If printing money were the solution, why not just print all the time, and toss it out of Volvos? If printing money were the solution, why aren't Argentina, Zimbabwe, and Weimar Germany, Austria, etc., the finacial centers of the universe?

Thu, 09/13/2012 - 10:49 | Link to Comment azzhatter
azzhatter's picture

I always thought Insana was dead. Now I realized he's just stupid

Wed, 09/12/2012 - 22:14 | Link to Comment Ponzi_Scheme
Ponzi_Scheme's picture

My first thought was that I didn't steal her future. Then I realized I did steal her future... I haven't killed any of those responsible...

Wed, 09/12/2012 - 22:58 | Link to Comment PlausibleDenial
PlausibleDenial's picture

Great video up to the point that you brought Obama on screen.  I prefer to be completely out of the right/left paradigm.  To be fully balanced you may have offered a Bush legacy of some sort.  Nevertheless, last time I checked, the folks from Papau, New Guinea were still using shell money to trade.  This, of course, in the face of the IMF.

Again, good video, just drop the blatant politics.  They are all the same.

Regards,

 

 

Wed, 09/12/2012 - 22:58 | Link to Comment PlausibleDenial
PlausibleDenial's picture

Great video up to the point that you brought Obama on screen.  I prefer to be completely out of the right/left paradigm.  To be fully balanced you may have offered a Bush legacy of some sort.  Nevertheless, last time I checked, the folks from Papau, New Guinea were still using shell money to trade.  This, of course, in the face of the IMF.

Again, good video, just drop the blatant politics.  They are all the same.

Regards,

 

 

Wed, 09/12/2012 - 23:40 | Link to Comment Angus McHugepenis
Angus McHugepenis's picture

Had to login just to say "thanks". Excellent video and I wish you and your family all the best.

Wed, 09/12/2012 - 19:48 | Link to Comment RSloane
RSloane's picture

I'm glad you said that +1.

Wed, 09/12/2012 - 19:53 | Link to Comment I think I need ...
I think I need to buy a gun's picture

Didn't Insana bankrupt 2 hedge funds? He's like a complete failure and I can't believe he makes it onto TV still what a fuckin asshole

Wed, 09/12/2012 - 20:34 | Link to Comment Thomas
Thomas's picture

I'm not sure, but I know that he has been in a state of total intellectual bankruptcy since the dawn of time.

Thu, 09/13/2012 - 08:52 | Link to Comment Debt-Is-Not-Money
Debt-Is-Not-Money's picture

"...what a fuckin asshole"

That's what I was yelling at the teevee during his comments!

Wed, 09/12/2012 - 19:44 | Link to Comment GolfHatesMe
GolfHatesMe's picture

He's the George Costanza of that stupid station

Wed, 09/12/2012 - 19:50 | Link to Comment banksterhater
banksterhater's picture

One of biggest pompous PRICKS ever on tv, 2nd to Klaptrap Kernen.

Wed, 09/12/2012 - 22:51 | Link to Comment Citxmech
Citxmech's picture

Kudlow is pretty bad too.

Thu, 09/13/2012 - 01:20 | Link to Comment LarryDavis
LarryDavis's picture

As I began to smell Mandy's body I had an increadible idea. "Why don't you cover your body in pina colada smelling tanning lotion and pretend you are on spring break in the 80s? Bring me that Spuds Mackenzie poster." Like most Australian women, Mandy wasn't one to argue after some shiraz and a few barbituates. As she poured the lotion on her tan but sturdy frame I told her to stop and sit still for minute. I wanted to put the lotion on her ass only. I didn't have time to cover her shoulders or calfs or less essential places like armpits or toes. As soon as her ass was glistening and smelling some cheap rum infused tanning bed nightmare, I started to put in work. I asked her about her time and Asia and if she had ever slept with rich Asian business men for money. As you would expect (and at least in part my disarming her can be attributed to how good I was fucking her) she said "Yes, Yes" in a drunk Australian voice. i was so happy to hear her talk about getting fucked and not about crony finance that it became increasingly harder for me to contain my ejaculate. I asked her to tell me about her dressing room at CNBC headquarters and if she had ever masturbated there. I couldn't even wait for her response and right as I was about to cum I plunged my throbbing dick right into her ass without warning. She shrieked and punched my stomach but I knew she liked it. Actually, I was certain she loved it. 

Wed, 09/12/2012 - 20:16 | Link to Comment asteroids
asteroids's picture

The CNBC anchors where all laughing at Schiff. (What a disgrace)  I suspect, he'll eventually get the last laugh.

Wed, 09/12/2012 - 22:47 | Link to Comment Silver Bug
Silver Bug's picture

Schiff is the man.

 

http://jamesturkblog.blogspot.ca/

Wed, 09/12/2012 - 19:16 | Link to Comment knukles
knukles's picture

Insana is such a dork

 

Sorta like a guy who gets a journalism degree at Missouri, does a book review in the local underground free press on Paris Hilton's The Secrets of Deep Thinking and believes himself to be a fucking philosopher.

Ron Insana is a reporter miming for an Official Propaganda Organ of the Monied Interests who harbors delusions of grandeur, influence, importance and narcissism, thereby justifying debating a Peter Schiff or Ray Dalio.

Ron Insana.  Fucking Hero of Capitalism.

I wonder if Cramer lets him tweeze his back?

Wed, 09/12/2012 - 19:17 | Link to Comment Michael
Michael's picture

Shit is moving into high gear. TPTB know their time is just about up. They will try to pull whatever shit they can pull out of their ass holes and throw it at you. Beware.

Central Missouri Copblocker Jeffrey Weinhaus Shot by MO St. Patrol Employee(s), Airlifted

http://www.dailypaul.com/254510/central-missouri-copblocker-jeffrey-weinhaus-shot-by-mo-st-patrol-employees-airlifted

http://www.youtube.com/watch?v=y7UnW0V4BMA&feature=youtu.be

Wed, 09/12/2012 - 19:42 | Link to Comment White.Star.Line
White.Star.Line's picture

Michael...

Please stop worrying about our little "bump" into the iceberg and just take your seat in the lifeboat....".........

Thu, 09/13/2012 - 00:43 | Link to Comment IrritableBowels
IrritableBowels's picture

Thanks

Thu, 09/13/2012 - 02:02 | Link to Comment Weyland_Yutani
Weyland_Yutani's picture

I read "Cockblocker". My bad.

Thu, 09/13/2012 - 10:51 | Link to Comment Guinny_Ire
Guinny_Ire's picture

He reminds me more of the Columbia School of Journalism D student who becomes a financial reporter so he can attend cocktail parties with high rollers hoping to suck up to them and learn something in the process.

Wed, 09/12/2012 - 19:08 | Link to Comment kito
kito's picture

hey how about ray dalio!!!

 

http://in.reuters.com/article/2012/09/12/hedgefunds-dalio-idINL1E8KC7VF20120912

 

says AMERICA IS FINE, DEBT DOESNT MATTER!!!!!!!!!! 

Wed, 09/12/2012 - 19:08 | Link to Comment Snakeeyes
Snakeeyes's picture

Fed can only add fizz to the stock market. Housing? Nothing. Economic growth? Nothing.

Bernanke wants Obama reelected. Period.

https://confoundedinterest.wordpress.com/2012/09/11/clintons-housing-and-regulatory-record-can-the-fed-stimulate-housing-further/

Wed, 09/12/2012 - 19:16 | Link to Comment Yen Cross
Yen Cross's picture

Ron Insana is a "GIANT"

"bloviating"   meat ball!     I'm not taking Schiffs side here, as he can be an a-hole to. I remember when CNBS tryed to make a clown out of Schiff, and then got their heads back on a platter!

I remember when Insana was busting his cherry back in the 90's , and thought to myself. What a " Harvey Milktoast" this guy is!

Wed, 09/12/2012 - 19:13 | Link to Comment Alpo for Granny
Alpo for Granny's picture

Another Schiff gem....

You can collect seashells, I'll keep buying gold.

Fucking CLASSIC!!! 

Wed, 09/12/2012 - 19:18 | Link to Comment WTF2
WTF2's picture

Insana is a busted reporter that went to a hedgefund at the top, then got fired and because his friends feel sorry for him they allow poor Ron to bloviate on CNBC.  I would take Schiff's position and wallet any time.

 

Wed, 09/12/2012 - 19:55 | Link to Comment banksterhater
banksterhater's picture

These dumb-as-rocks guys must blow a lot of execs to keep "appearing" after we thought they finally dissappeared, add NESTO, there's another prick fatass dumbarse.

Wed, 09/12/2012 - 19:56 | Link to Comment Ineverslice
Ineverslice's picture

True dat.

And all that's left for him at the network are Maria's Pom-Poms... (old friends)

she knows the real score, and can survive (well) when all crashes; Bill G's future is a bit more precarious as it rests on being Head Cheerleader.  Sorry William.

 

Wed, 09/12/2012 - 19:18 | Link to Comment Temporalist
Temporalist's picture

I think this was just an iPhone 5 ad.

Wed, 09/12/2012 - 19:19 | Link to Comment disabledvet
disabledvet's picture

Been quiet for a reason...riot's the season. If the Fed QE's as the so obviously will tomorrow I think far from unleashing bond vigilante's The Bernank will have finally opened the Pandora's Box of Bond Ghouls. I've been talking about how I have seen no support for the dollar for months now...and I have not been disappointed. The Germans are rightly screaming bloody murder over this...but there is a point where the dollar just falls put of bed ala 71 and these clowns in DC can tempt fate no more. IMO the die was cast in 2008 with bank bailouts. Simply "wheeling it around" to save all State and Local Governments as Ben is trying to do doesn't seem even remotely feasible. Indeed that oil price is really moving hard and higher in spite (or because?) of the threatened SPR release. I think defaults on a MASSIVE scale loom...and the purpose of frying Ben's Brain is only to "make sure we get him to get us through to election day." of course the inevitable "and then what" arises. Time to "Fly the Big Boy to outer space" ala Dr. Evil I imagine.

Wed, 09/12/2012 - 19:21 | Link to Comment akak
akak's picture

Schiff: "The economy need more stimulus like an alcoholic needs another drink."

 

Why is the utter simplicity and clarity of this point not completely obvious to all these pro-Establishment, pro-status-quo shills?

(Oops, I guess I just answered my own question --- when one's job is dependent on avoiding the truth, one will refuse to even consider, much less accept, that truth.)

Wed, 09/12/2012 - 19:26 | Link to Comment Yen Cross
Yen Cross's picture

akak you are 100% correct! Putting (clarity and establishment) together is akin to an event horizon without a "catalyst"!

 A greenie for you!

Wed, 09/12/2012 - 19:41 | Link to Comment Meesohaawnee
Meesohaawnee's picture

each and every day CNBC urinates down its leg proving more and more they are just an outsourced ad firm of the fed/banking elite. How does any network get by on a thousand majik jak commercials and pay its bills? How cause they are subsidized is my guess.   Any normal network that has lowest ratings in 7 years would be turning things upside down. Nope. No need to there. In my opinion the bread is buttered in places ,"dark pools" and no im not talkin about Maria's

Wed, 09/12/2012 - 19:54 | Link to Comment RSloane
RSloane's picture

Their Big Daddy Pump sits on Obama's Jobs Council and is Obama's advisor. Mystery solved.

Wed, 09/12/2012 - 20:26 | Link to Comment BeerBrewer09
BeerBrewer09's picture

+1

Not one of the CNBC anchors can put together a sentence without a fucked up facial expression or obvious speech impediment.

Wed, 09/12/2012 - 19:42 | Link to Comment XitSam
XitSam's picture

The shills are like the Fed. If they admitted they were wrong, it would be admitting their whole existance has been a sham. It's not that they won't, they actually can not admit to being failures and will bring down the economy rather than do it.

Wed, 09/12/2012 - 19:51 | Link to Comment RSloane
RSloane's picture

"Truth is treason in the empire of lies." ~ Ron Paul

Wed, 09/12/2012 - 20:16 | Link to Comment krispkritter
krispkritter's picture

In that vein:

Ben Bernanke is: Captain Jack Sparrow in 'The Pirates of the CrapWeAreIn'

'But why is the economy gone?' https://www.youtube.com/watch?feature=endscreen&NR=1&v=FTi40w0nLgo

Wed, 09/12/2012 - 20:25 | Link to Comment buzzsaw99
buzzsaw99's picture

We must fight, to run away.

Wed, 09/12/2012 - 19:21 | Link to Comment TWSceptic
TWSceptic's picture

Nice Schiff on ZH, about time.

Wed, 09/12/2012 - 21:39 | Link to Comment dannyboy
dannyboy's picture

What are you on about? He has been on ZH quite alot.. even recently the crew posted his vid about corporate profits at the DNC among others.

Peter Schiff Discovers No Country For Corporate Profits

Thu, 09/13/2012 - 00:10 | Link to Comment pan
pan's picture

I love that Jew!

Wed, 09/12/2012 - 19:22 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Insana is a bold faced liar and a fucking stooge on economics.

The BlowHorn...LOL

Wed, 09/12/2012 - 19:37 | Link to Comment Ineverslice
Ineverslice's picture

George Castanza.

Wed, 09/12/2012 - 21:06 | Link to Comment Westcoastliberal
Westcoastliberal's picture

I was JUST going to post that. Wow!

Wed, 09/12/2012 - 19:23 | Link to Comment fearsomepirate
fearsomepirate's picture

This is an easy one--the side that says we need to avoid reality loses.

Wed, 09/12/2012 - 19:26 | Link to Comment defencev
defencev's picture

In deflationary environment when supply exceeds demand, printing more money in theory would mean raising the demand and hence providing a stimulus for more production. However, when Fed prints money, it leads to the raise of prices for certain assets (e.g. commodities). I do not see how the rise of price of , say, gasoline or food increases its demand. On the contrary, it makes these products less accessible. The beneficiaries of Fed printing are market speculators and big banks (the latter because of the concrete mechanism of prinring). I do not understand how it can benefit real economy.

Wed, 09/12/2012 - 20:44 | Link to Comment Bobportlandor
Bobportlandor's picture

(On the contrary, it makes these products less accessible.)

Exactly the only thing needed to drive the economy is either higher wages or lower price.

Lower bread and gasoline to 1.00 and see how much you sell or raise wages 2x 3x.

But we still need to compete worldwide and the chinks with their low wages are the controlling factor.

So raising wages is out of the question.

The cost of goods and services have to go down (wages) and the only thing the Fed is doing is holding wages up causing goods, services and competitiveness to slowly disapear.

Wed, 09/12/2012 - 19:26 | Link to Comment Gringo Viejo
Gringo Viejo's picture

Ron was givin' me a woody. He can sit on my lap, anytime. Who's your dadddy?

Wed, 09/12/2012 - 21:33 | Link to Comment Jake88
Jake88's picture

Too much information fag boy.

Wed, 09/12/2012 - 19:27 | Link to Comment AssFire
AssFire's picture

I got a video of young Bernanke:

http://panzner.typepad.com/.a/6a00d83451591e69e2017c31b4fcf8970b-pi

Seems he always knew what he wanted to do when he grew up...

 

Wed, 09/12/2012 - 19:27 | Link to Comment e-man
e-man's picture

Can't wait for when the next "crisis" hits and Insana will be on CNBC saying no one could have seen it coming and the Fed was only doing what they thought was best.

Wed, 09/12/2012 - 20:31 | Link to Comment Half_A_Billion_...
Half_A_Billion_Hollow_Points's picture

"nothing in the field of economics can explain what happened"

Wed, 09/12/2012 - 19:30 | Link to Comment SDRII
SDRII's picture

Insana ranks among the dumbest on CNBC and that is an serious feat considering the likes of Bartaroma, Kernan and Pisani. They bring him along with that moron from Paulson just just for irony

Wed, 09/12/2012 - 20:02 | Link to Comment banksterhater
banksterhater's picture

Insomnia, Buttaroma, Kernen Klaptrap and Pissonhe, the gang of pimps and whores most wish get buried for good.

Wed, 09/12/2012 - 20:15 | Link to Comment RSloane
RSloane's picture

Ohhh, I dunno. Becky Quick is tough stupid competition.

Wed, 09/12/2012 - 21:20 | Link to Comment Crisismode
Crisismode's picture

But

But

But

Becky blows the Oracle of Omaha . . .

Shouldn't that count for SOMETHING??

Wed, 09/12/2012 - 19:33 | Link to Comment Ineverslice
Ineverslice's picture

Mute.

Wed, 09/12/2012 - 19:34 | Link to Comment e-man
e-man's picture

Is there a counter site to ZH, where bloggers and readers comment on how brilliant Bernanke and Draghi are, and deify people like Insana and Krugman?  Besides CNBC?

Wed, 09/12/2012 - 20:06 | Link to Comment RSloane
RSloane's picture

I haven't been there for several months due to the throw-up factor, but you might want to try the MSNBC website. They deify Obama, Krugman, Bernanke, Michelle Obama, Immelt of course, Chuckie Schumer, Pelosi, Harry Reid, et all. A lot of the left-wing websites seem to, [haven't been to any of those lately either so things might have changed]  I haven't been back to any  ever since the Huffpost had an article about Obama working so so hard for the American people that he loves and we should thank him.

Wed, 09/12/2012 - 20:10 | Link to Comment fonzannoon
fonzannoon's picture

You got 3 green arrows in like a half of a second for that one. Funny shit.

edit: you should have left what you had wrote.

Wed, 09/12/2012 - 20:15 | Link to Comment RSloane
RSloane's picture

Haha about the gag-reflex? I thought it might be offensive to some.

Wed, 09/12/2012 - 20:18 | Link to Comment fonzannoon
fonzannoon's picture

this is a different audience. I'm on this site as much for the truth as I am the humor.

Wed, 09/12/2012 - 20:55 | Link to Comment WillyGroper
WillyGroper's picture

Ditto

Thu, 09/13/2012 - 09:03 | Link to Comment dcb
dcb's picture

@rsloan:

certainly while the huff post does publish left wing propaganda pieces. (I don't think I have seen a riht wing propaganda piece), that in fact do a great deal of anti Obama article3s esp in teh business section, a great deal against the feed, a huge amount against mortage companies, and they almost always tie it back to Obama not standing up to vested interests. they slam geither. I actually post a fair number of anti obama pices in regards to economic policy, partiot act, etc, etc, on a social media site, and almost all are from huff post.

If that is your perception of huff post it isn't valid in the total view. Absolutely ni left media has attacked the fed and crony capitialism they way they have. there did a lot of pro ron paul articles.

You need to spend a bit more time. the series they did on the obama administration and the mortgage abuses, and how they obama administration has really caved to banking interests (don't beleive they hype stuff) has been some of the best work on the mortgage crisis I have seen

Wed, 09/12/2012 - 20:20 | Link to Comment Papasmurf
Papasmurf's picture

I think CNBC is patented.

Thu, 09/13/2012 - 07:02 | Link to Comment BeetleBailey
BeetleBailey's picture

A weak one, but yes.

Newser.com - owned by the NYT. The comments there are hilarious - but show the stupidity of many.

Wed, 09/12/2012 - 19:39 | Link to Comment Squid Vicious
Squid Vicious's picture

Deflationary deleveraging? wtf is Insane-a talking about has he been to a grocery store or gas station in the last 3 years? or seen any metrics on US govt. or consumer debt?

Wed, 09/12/2012 - 19:35 | Link to Comment Meesohaawnee
Meesohaawnee's picture

do i see spunk in maria's hair?

Wed, 09/12/2012 - 19:46 | Link to Comment azzhatter
azzhatter's picture

Cramer's

Wed, 09/12/2012 - 20:22 | Link to Comment akak
akak's picture

Of course it is not!

I have little doubt that crackhead Cramer is as impotent in the bedroom as he is financially.

Wed, 09/12/2012 - 20:24 | Link to Comment fonzannoon
fonzannoon's picture

I am pretty sure Cramer's IRA was with Lenny Dykstra

Wed, 09/12/2012 - 19:37 | Link to Comment Yen Cross
Yen Cross's picture

Tyler these pussy " Fight Clubs" are in demand!   Lets call intrade, and do a " Insana/Leisman" , ass slapping event ?

  The winner gets front row "TOTUS" seats!

Wed, 09/12/2012 - 19:37 | Link to Comment RobinHood73
RobinHood73's picture

Insana is a petulant has-been who couldnt cut it in the real world. How long did his stint at SAC last?, like 9 mths. He is a bought man , a defacto  Wstreet/FED advocate), as is most of CNBC with the possible exception of Santelli.  The street and the fed need to keep this asinine debate alive with their army of propagandists to keep things confusing and maintain control. I think its pretty clear to all of us that QE is not first and foremost a directed band-aid to solve our housing or employment woes, as is the pitch.

Wed, 09/12/2012 - 19:41 | Link to Comment HD
HD's picture

I'm sure I'm missing something but...

   Wouldn't Ben get everything he wants by doing nothing tomorrow? More jawboning and a few meaningless policy tweaks and the market drops - but so does the 10 year, gold, corn and crude and the Fed doesn't "look" political to boot.  Once the market rolls over the Fed will have cover to print at will after the election as Europe implodes.

The whole "Ben wants to keep his job" argument doesn't ring true to me - Ben isn't making the big money now, his fortune is to be made "consulting" for the TBTF banks just like bubble blower extraordinaire Greenspan.

 

Wed, 09/12/2012 - 19:40 | Link to Comment El
El's picture

Some folks you just can't reach. Mr. Insana is going to have to figure this out himself...the hard way.

Wed, 09/12/2012 - 19:41 | Link to Comment Colonel Klink
Colonel Klink's picture

If you look up cunt in the dictionary, you'll find Insana pictured.

Wed, 09/12/2012 - 19:48 | Link to Comment azzhatter
azzhatter's picture

that's the biggest page in the dictionary

Wed, 09/12/2012 - 19:54 | Link to Comment Colonel Klink
Colonel Klink's picture

Hahaha, thanks I needed the laugh today. +1

Wed, 09/12/2012 - 22:53 | Link to Comment XitSam
XitSam's picture

I thought it was the other way around ... if you looked up Insana in the dictionary ...

Wed, 09/12/2012 - 20:14 | Link to Comment Jim B
Jim B's picture

LOL!

Wed, 09/12/2012 - 19:42 | Link to Comment The Shootist
The Shootist's picture

I like Peter, but he said the next QE would have taken place last summer right after the last one. I still side with him politically, but I take him with more of a grain of salt lately.

Wed, 09/12/2012 - 19:55 | Link to Comment fonzannoon
fonzannoon's picture

He is usually right, but in making his points he sometimes exaggerates. I can't blame his timing. I would rather be with the guy who is going to win the war.

Wed, 09/12/2012 - 20:02 | Link to Comment Yen Cross
Yen Cross's picture

fonzannoon   you are a good egg!     

    Did you grow up in that "rotten apple"?   If so you turned out pretty good!  Take a vacation to anywhere ASAP!

 

Wed, 09/12/2012 - 20:16 | Link to Comment fonzannoon
fonzannoon's picture

I live just outside the rotten apple. I am stuck here. I like the people around me. Most of them are clueless to what is talked about on here but they are good people. I was thinking about trying to jump into Kito's life raft when he heads for paradise but I am going to hang out instead and see if people try to pick up the pieces. But I have a plan B and a plan C and I will be more prepared than most. That will probably make me a target. Or maybe this drags on perpetually. I feel like an insane person giving himself a pep talk sometimes...

Wed, 09/12/2012 - 20:27 | Link to Comment Yen Cross
Yen Cross's picture

Silence is Golden.  Look at the pictures, mental/physical that mean the most to you. Take action, and don't look back!

  If you can't please yourself, how can you please your family? 

    Put em all on a raft to someplace that you feel safe!

Wed, 09/12/2012 - 20:30 | Link to Comment fonzannoon
fonzannoon's picture

You sound like this guy, and he was pretty smart....

"There is a time in every man's education when he arrives at the conviction that envy is ignorance; that imitation is suicide; that he must take himself for better, for worse, as his portion; that though the wide universe is full of good, no kernel of nourishing corn can come to him but through his toil bestowed on that plot of ground which is given to him to till."

"What I must do is all that concerns me, not what the people think. This rule, equally arduous in actual and in intellectual life, may serve for the whole distinction between greatness and meanness. It is the harder, because you will always find those who think they know what is your duty better than you know it. It is easy in the world to live after the world's opinion; it is easy in solitude to live after our own; but the great man is he who in the midst of the crowd keeps with perfect sweetness the independence of solitude."

 

Wed, 09/12/2012 - 20:45 | Link to Comment Yen Cross
Yen Cross's picture

 In all honesty, I don't have time to read and "propagate" your "big bang" moment. You just seem like a person of "conscience" , and I respect that.

     If you have an FX account, I would look @ fading "cable", and getting long $/¥ in the near future. As I said fonzannoon

 quit overthinking yourself.  You are a smart person... ;-)

Wed, 09/12/2012 - 20:59 | Link to Comment fonzannoon
fonzannoon's picture

Thanks for the heads up Yen.

Thu, 09/13/2012 - 09:46 | Link to Comment SmackDaddy
SmackDaddy's picture

I was having the same conversation with myself the other day.  I dont think it will be 'perpetual'.  But I certainly dont see my generation doing a goddam thing about this (i'm 31).  And it's certainly going to get a lot worse before it gets better...

Wed, 09/12/2012 - 20:11 | Link to Comment ultimate warrior
ultimate warrior's picture

Would you rather listen to an economist that was right but early in his prediction, or listen to an "economist" that is wrong, has been wrong, and will always be wrong in their false keynesian ideology.  

Wed, 09/12/2012 - 19:48 | Link to Comment topspinslicer
topspinslicer's picture

I've been waiting for this magical deflation I have been hearing about for a good 4 years now but all I've got is this $4 gas and $18k one year tuition bill and and and THE WINNER IS PETER BOY!!!!!!!!!

Wed, 09/12/2012 - 19:49 | Link to Comment kevinearick
kevinearick's picture

Tick tock

Wed, 09/12/2012 - 19:55 | Link to Comment Colonel Klink
Colonel Klink's picture

Yeah but they keep turning the hands back.  Just wait until everyone realizes how late they are!

Wed, 09/12/2012 - 21:08 | Link to Comment kevinearick
kevinearick's picture

;)

Wed, 09/12/2012 - 19:56 | Link to Comment Turin Turambar
Turin Turambar's picture

Insana is a jackass

Wed, 09/12/2012 - 20:05 | Link to Comment Perpetual Burn
Perpetual Burn's picture

I love how every economist on CNBC said they called the finacial crisis.

 

Guy is  beyond a joke.

 

 

Wed, 09/12/2012 - 20:11 | Link to Comment blindman
blindman's picture

matter and anti matter. hmm?
two illusions that annihilate one
another on contact resulting in ...
nothing again. works for me, i like it.
. but seriously folks .....
where is the energy? and what is that big
yellow thing on the horizon? ( in the sky )
.
makes me think o the unified particle theory,
the electric universe and the van allen belt
problem/s.
links previously provided.
good day

Wed, 09/12/2012 - 20:16 | Link to Comment Quinvarius
Quinvarius's picture

Insana used the word "wrongheaded".  He loses by default.  He might as well put on a bow tie now.  Plus, Ron asked to be paid in seashells because he says they are money.

Wed, 09/12/2012 - 20:20 | Link to Comment muppet_master
muppet_master's picture

cnbc =

clown nut bonobo channel...i don't watch "financial news" and specially don't watch those LIE-beral RAPE-O-NOMICS idiots...yes they can rape the responsible savers...

this casino will crash..bc band-aid, after band-aid doesn't address the toxicity in the organs....not to mention drugs after drug increasing toxic levels.

then when it crashes HARD and makes significant 3/2009 lows..then you can thank the stupid "reporters" LOL !!

Wed, 09/12/2012 - 20:31 | Link to Comment buzzsaw99
buzzsaw99's picture

insana couldn't pick a winner in a one horse race

Wed, 09/12/2012 - 20:37 | Link to Comment Yen Cross
Yen Cross's picture

 LMAO buzz!   Blunt and TRUE!

Wed, 09/12/2012 - 20:44 | Link to Comment yogibear
yogibear's picture

Insana's name spelled backwards is Anansi. 

The Story of Anansi

Anansi the Spider was a vain, mischievous creature, always swindling and hoodwinking others. 

Thu, 09/13/2012 - 00:55 | Link to Comment IrritableBowels
IrritableBowels's picture

Anasni ??

Wed, 09/12/2012 - 20:47 | Link to Comment Red Heeler
Red Heeler's picture

 

 

To sum up:

Sea shells - Good

Gold - Bad

Wed, 09/12/2012 - 20:49 | Link to Comment the 300000000th...
the 300000000th percent's picture

Poor Peter was stuck in an idiot soup

 

Wed, 09/12/2012 - 20:52 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Insanatation.

No doubt his past is littered with roadside crapping incidents.

Wed, 09/12/2012 - 20:54 | Link to Comment Dr. Engali
Dr. Engali's picture

I'm sorry but I can't listen to Insana,he is a clueless lying fool. How can he claim that Japan's fed never intervened in the markets  and tha we haven't been following Japan's footsteps? We are doing exactly what Japan has done and continues to do. I can't wait to see this clueless hedge fund failure with egg on his face again.

Wed, 09/12/2012 - 20:55 | Link to Comment Chippewa Partners
Chippewa Partners's picture

Don't beat up on Magic Jack.........look at that stock chart!!!   Another name I watched without buying a share.     

Wed, 09/12/2012 - 20:59 | Link to Comment Sathington Willougby
Sathington Willougby's picture

Beads, sea shells, blankets, paper.  Me no likum wampum no more.  Pale face lie.

Wed, 09/12/2012 - 21:06 | Link to Comment Atomizer
Atomizer's picture

 

 

The mindless fuck sticks at CNBS must be experiencing the ass puckering effect at the office. Appears, they have been reading facts & have no defense to mathematically counter debate. Lemming fear teleprompter mode has reached DEFCON 4

More Money Made Owning Stocks Than Running Companies

 

On a geopolitical note.. 

Jim Cramer: Voter ID Law Will Disenfranchise My Dad 

The comrades are coming out in full force. Too bad Jimbo never talked to Oprah about crossing the line in pimping a failed agenda.  

OWN’ed

Wed, 09/12/2012 - 21:07 | Link to Comment Westcoastliberal
Westcoastliberal's picture

1 & 2 didn't move the meter in the right direction and neither will 3.  The phrase "pouring sand down a rathole" comes to mind.

Wed, 09/12/2012 - 21:13 | Link to Comment Poor Grogman
Poor Grogman's picture

Peter Schiff and his books have snapped more sheeple out of their funk than almost any other person.

Kudos to him...

Wed, 09/12/2012 - 22:19 | Link to Comment greenEagles
greenEagles's picture

<raises hand>  Dude re-arranged my world view.  I randomly happened upon his mortgage bankers speech on youtube after the crash in 2008.  It literally blew my mind someone could have predicted the problems in housing so accurately.  I'll never view any finance/policital media the same way again.  It's like putting on glasses for the first time and realizing you couldn't see shit before.

Thu, 09/13/2012 - 01:59 | Link to Comment Weyland_Yutani
Weyland_Yutani's picture

I stumbled upon the Peter Schiff was right video in 2008 and he opened my eyes to Austrian Economics, Murray Rothbard, Mises, Hazlitt, Lew Rockwell, Tom Woods, Jim Rogers, Marc Faber and the rest of the good guys.

Discovering Austrian Economics is like suddenly realising that the earth is round, not flat.

Wed, 09/12/2012 - 21:21 | Link to Comment blindman
blindman's picture

http://articles.cnn.com/2004-01-10/politics/oneill.bush_1_roomful-of-dea... HOUSE

January 10, 2004

"The Bush administration began planning to use U.S. troops to invade Iraq within days after the former Texas governor entered the White House three years ago, former Treasury Secretary Paul O'Neill told CBS News' 60 Minutes.
O'Neill: Bush planned Iraq invasion before 9/11
WHITE HOUSE
January 10, 2004

"From the very beginning, there was a conviction that Saddam Hussein was a bad person and that he needed to go," O'Neill told CBS, according to excerpts released Saturday by the network. "For me, the notion of pre-emption, that the U.S. has the unilateral right to do whatever we decide to do, is a really huge leap."

O'Neill, who served nearly two years in Bush's Cabinet, was asked to resign by the White House in December 2002 over differences he had with the president's tax cuts. O'Neill was the main source for "The Price of Loyalty: George W. Bush, the White House, and the Education of Paul O'Neill," by former Wall Street Journal reporter Ron Suskind.

The CBS report is scheduled to be broadcast Sunday night; the book is to be released Tuesday by publisher Simon & Schuster.

Suskind said O'Neill and other White House insiders gave him documents showing that in early 2001 the administration was already considering the use of force to oust Saddam, as well as planning for the aftermath.

"There are memos," Suskind told the network. "One of them marked 'secret' says 'Plan for Post-Saddam Iraq.'"

Suskind cited a Pentagon document titled "Foreign Suitors For Iraqi Oilfield Contracts," which, he said, outlines areas of oil exploration. "It talks about contractors around the world from ... 30, 40 countries and which ones have what intentions on oil in Iraq."

In the book, O'Neill is quoted as saying he was surprised that no one in a National Security Council meeting asked why Iraq should be invaded.

"It was all about finding a way to do it. That was the tone of it. The president saying 'Go find me a way to do this,'" O'Neill said.

Suskind also described a White House meeting in which he said Bush seemed to waver about going forward with a second round of tax cuts.

"Haven't we already given money to rich people... Shouldn't we be giving money to the middle?" Suskind says Bush asked, according to what CBS called a "nearly verbatim" transcript of an economic team meeting Suskind said he obtained from someone at the meeting.

O'Neill also said in the book that President Bush "was like a blind man in a roomful of deaf people" during Cabinet meetings.

One-on-one meetings were no different, O'Neill told the network."

.
for the record.
. from .. this link
http://www.paulcraigroberts.org/2012/09/11/the-11th-anniversary-911-paul...
.
TALKING_HEADS burning down the house.mpg
http://www.youtube.com/watch?v=EHJmPcILfg8
.
Talking Heads Burning Down The House Lyrics
.
Songwriters: BYRNE, DAVID / WEYMOUTH, TINA / FRANTZ, CHRIS / HARRISON, JERRY

Who got a match ?

Watch out, you might get what you're after
Cool babies, strange but not a stranger
I'm an ordinary guy
Burning down the house
.
Hold tight, wait 'till the party's over
Hold tight, we're in for nasty weather
There has got to be a way
Burning down the house
.
Here's your ticket, pack your bags, time for jumpin' overboard
Transportation is here
Close enough but not too far, maybe you know where you are
Fightin' fire with fire , huuu
.
All wet, hey you might need a raincoat
Shakedown, dreams walking in broad daylight
Three hundred sixty five degrees
Burning down the house
.
It was once upon a place, sometimes I listen to myself
Gonna come in first place
People on their way to work said, "Baby what did you except?"
Gonna burst into flame, go ahead
.
Burning down the house
.
My house is out of the ordinary
That's right, don't want to hurt nobody
Some things sure can sweep me off my feet
Burning down the house
.
No visible means of support and you have not seen nothin' yet
Everything's stuck together
I don't know what you expect staring into the TV set
Fighting fire with fire ,,, wehh...

Burning down the house

Burning down the house

Burning down the house

Wed, 09/12/2012 - 21:29 | Link to Comment cubical
cubical's picture

Schiff "There will be a debt and currency crisis"

Insana "No there won't"

 

Congrats! You just made the cut for "Peter Schiff was right 2014 edition"

Wed, 09/12/2012 - 21:30 | Link to Comment honestann
honestann's picture

The talking heads BS about "no politician could do the right thing" is absolute nonsense.  FACT:  If Obama did nothing and let the market crash and burn BIG TIME, in 1 to 2 years the economy would rebalance naturally and we'd be in a boom right now.

That's more-or-less what happened in the 1921 depression, which was brutal but vanished so fast nobody even thinks about it any more.

Wed, 09/12/2012 - 21:55 | Link to Comment jimmyjames
jimmyjames's picture

That's more-or-less what happened in the 1921 depression, which was brutal but vanished so fast nobody even thinks about it any more.

*********

I agree with letting the market sort it out-

The thing that bugs me about the 1921 depression and how it bounced back is the wicked spike that occured in money supply-which was gold at that time-but the depression ending was at the same time gold standard was manipulated and the dollar gold weighting devalued by almost 100% in other words-the world money supply doubled during that period-

I haven't read anyone who addresses this point-but that did happen-

Was it the free market that fixed the depression-or was it a money goose?

Note the twin anomalous money patterns from 1920-1930 and again in 2000-2009-

http://bit.ly/Ore82L

 

Wed, 09/12/2012 - 23:06 | Link to Comment XitSam
XitSam's picture

I agree with the 'if' you postulate.  But Obama and all politicians, have an irrestible urge to do something.  In their minds, the people elected them not to sit on their hands, but to take action. Doing nothing with a positive result would prove they weren't needed and that, above all, will never be allowed to happen.

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