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Snow White Dumps Prince Charming

Tyler Durden's picture


Via Mark E. Grant, author of Out of the Box,

Magic Mirror: Snow White still lives, fairest in the land. 'Tis the heart of a pig you hold in your hand.
Queen: The heart of a pig! Then I've been tricked!
You know how when you were a little kid and you believed in fairy tales, that fantasy of what your life would be; a shimmering white dress, a Prince Charming who would carry you away to his castle on a hill. You would lie in bed at night and close your eyes and you had complete and utter faith in God, country and Superman. Santa Claus, the Tooth Fairy, the quest for the Grail, the Easter Bunny were so close you could taste them, but eventually you grow up, one day you open your eyes and the fairy tale disappears.
Sneezy: Hey, someone stole our dishes!
Most people, most markets, operate on the basis of reality and probable scenarios based upon fact. This is not true for the equity markets however as it is here where hopes and prayers and visions of Tinkerbell and little blue fairies that will come to the rescue reside. It is in the stock markets where great dreams take place and where Batman guards Metropolis. It is also here, however, where eyes tightly closed are pried open from time-to-time and where the horrors of the known universe stare back at you with disquieting eyes.
Sleepy: Maybe the Old Queen has got Snow White.
Thursday and Friday of last week, I should imagine, will prove to be those once again days where the flight of fantasy took off and hoped for the best only to find that the fuel in the tanks was dangerously low. Treasuries moved some, not much, the bonds of Spain and Italy gained a bit of ground while the stock markets soared on the basis that all of Europe’s problems had been solved by Draghi & Company. Interestingly enough, after the close of course which is the way these schemes are pre-arranged, the German Central bank came out and said there were no changes in their stance and so the cold water was poured upon the fire after all of the party-goers had gone home. Just this morning in Berlin the German Finance Minister declared that the Stabilization Fund that is currently in existence, the EFSF, will not be buying Spanish debt in the market which topples the dreams and fantasies of last week.
Magic Mirror: Prepare to be amazed beyond all expectations. After all it is what I do.
Draghi represents the Southern contingency, the periphery nations, the troubled cousins who cannot live on what they make. This is all fine and dandy but do not kid yourself; if the Germans say “Nein” then it is “Nein” and any other conclusion is foolhardy. We will soon get the German opinion on Greece, the money for the Spanish banks is going to the nation of Spain and will be controlled by the German auditors, Italy is staring at mounting difficulties, Portugal is going to face an Act II and there is only $65 billion left in the EFSF fund while the ESM fund is hung up in the German courts until September 12 and today is July 28. 
Whoosh and sorry for the dose of reality.
Snow White: That was fun!


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Sat, 07/28/2012 - 18:45 | 2659525 HD
Sat, 07/28/2012 - 18:54 | 2659535 TheFourthStooge-ing
TheFourthStooge-ing's picture

Snow White went all in on Facebook, Netflix, Lulu Lemon, et. al, and lost her ass bigtime. She's doing gigs at to keep from defaulting on her student loans.

Sat, 07/28/2012 - 19:23 | 2659559 The Monkey
The Monkey's picture

Prince Charming is huffing paint after taking it up the ass on Zynga.

Sun, 07/29/2012 - 10:48 | 2660179 hedgehog9999
hedgehog9999's picture

I think in this fairy tale prince charming is uncle Timmy who's meeting the Drag and the german guy on Monday. I think the drag is banking on Timmy coming up with some magic tricks like a couple of Trillion swaps for Europe and they will try to fight Schauble into submission......

That will probably trigger a corrective move on indexes until we see what kind of magic they can come up with..

Sat, 07/28/2012 - 18:59 | 2659540 Ineverslice
Ineverslice's picture

Enter Sandman.

Sat, 07/28/2012 - 21:48 | 2659751 jeff montanye
jeff montanye's picture

moving from the wild pack to the bedroom, but still waking up to bitter reality: those sexy chordettes really did ask for him to have lots of wavy hair like liberace:

Sat, 07/28/2012 - 18:51 | 2659533 wandstrasse
wandstrasse's picture

Believe me, all this 'nein' is vote-baiting lip service.. words no actions. Maybe some of those who say 'nein' really mean it... but the ponzi has gone too far.. even the bravest 'nein' would not change anything.

Sat, 07/28/2012 - 19:29 | 2659565 Harbanger
Harbanger's picture

It is too late for Germany to say nein and people in the know understand that Germany can’t save itself. Eventually they will default, again. Germany has a very high sovereign debt to GDP and a Euro zone crisis will destroy their banks and force them to recapitalize their banks by printing.  Starten Sie den Druck-Maschine

Sun, 07/29/2012 - 06:17 | 2659999 Itch
Itch's picture

Did the Germans fight for an independent ECB? Did they or did they not?  They screamed the loudest, fought tooth and nail, and (ha) now they are practically all doves; Draghi,  Constancio, Coeure and Preet The only german left is Asmussen as Weber and Stark have already left. Of the other non-permanent central bankers, 6 come from crisis countries and are obviously doves. Of the other 9 “non-crisis” countries; Austria, Belgium, Estonia, Finland, France, Germany, Malta, Netherlands and Slovakia, the balance has also tipped with Austria coming out in favour of a banking license. 

Anyone that believes in this mythical power of the German nein is full of shit. “on the basis of reality and probable scenarios based upon fact”(lost up his own hole, frankly), how does he conclude that the ECB will remain hawkish with so many doves? It’s either a democratic institution or it isn’t. This hysteria surrounding the German capacity for saying nein is daft; they can keep saying nein right up until the pertinent question is asked of them…i.e. well, do you want to stay in the Eurozone or not? And they will answer with a resounding ja.

Its time for the rubber to hit the road. As if the rest of the zone are going to sit back and watch them notch up record growth, jobs and exports on the back of a cripple, yet try to pretend they are only interested in hard money principles. No, they wanted a democratic institution, and the time is drawing ever nearer until they find out what that actually means…“the bludgeoning of the people, by the people, for the people

Sun, 07/29/2012 - 07:05 | 2660020 MillionDollarBoner_
MillionDollarBoner_'s picture

But if Germany chooses to leave the Euro, they no longer have to say "Ja", "Nein" or anything...

Sun, 07/29/2012 - 14:08 | 2660495 oogs66
oogs66's picture

German economy is slowing down already because no one wants to do new contracts with future high cost producer - deutschmark would kill german economy especially when rest of Europe revolts against them if they exit

Sun, 07/29/2012 - 10:53 | 2660186 hedgehog9999
hedgehog9999's picture

Germany ultimately will leave the Euro, and by the way nothing is democratic any more it is all manipulation , pulling strings and close power elites......

democracy,free enterprise and free markets is just another fairy tale in vogue.......


Sat, 07/28/2012 - 20:34 | 2659634 dirtbagger
dirtbagger's picture

Germany has conveniently prospered with its mercantilism policy by financing a captive audience in the Eurozone.  Perhaps they should have asked the fundamental banking/business question - can your customers repay the loan?   The US banks are bad, but the British, Swiss, and German Banks are even worse. 

Sat, 07/28/2012 - 23:50 | 2659861 JOYFUL
JOYFUL's picture

Yikes...Harbanger and the dirtbagger - two wide awake wastrels, disturbing the slumber party? You dare to interfere with the chosen narrative here? Swinehund!

And it was all going so well! Wolf Ritcher's Grimm's Fairy Tales have splashed the powerz chosen disinfo over these pages for weeks...but it seems victory has not yet been secured! So let's get him a sidekick - a gnomish nerd with yet another nuance to the BIG LIE so expensively propagated via purchase of a top banner slot on the fringe blog...

cue\Mark Grant...whose unintentionally ironic homage to Hans Christian Anderson marks a new nadir in the phony fairy tale sweepstakes....and added to the procession of ogres, flamin dragons, trolls, goose-girls and other magical helpers of the moneypower displayed upon these pages lately comes this intellectual dwarf!

"Draghi represents the Southern contingency, the periphery nations, the troubled cousins who cannot live on what they make."

This just in Mark, via the Magic Mirror: the nordic contingency, the vaunted valkryie who live high in the clouds of their own Märchen, are in for a rude awakening when the strings holding them up are stripped away....German-Austrian banks are in worse technical shape than even the I-ties & Spics... Holland's a basket case, soon to lose it's vaunted credit ratings with all but the fabulist contingent of the raters...UK is done, toast. Denmark ditto.

Need we go on? There is no $ left in's all been stolen by the Kosher Mafiya and now the end of the shell game is nigh. Leave the peons to fight amongst themselves and get into the getaway car for a quick exit as the stage lights dim.

"Nowadays everybody wanna talk But nothing comes out When they move the lips it's just a bunch of jibberish" -

Insane Clown Posse - Nothin But A Bitch Thang


Back in the box Mark.


Sun, 07/29/2012 - 07:14 | 2660023 grekko
grekko's picture

It appears to me that Draghi just ran out of Pixie Dust.

Sun, 07/29/2012 - 08:35 | 2660056 boooyaaaah
boooyaaaah's picture

That meets with my evaluation of what the f' is going on

The money that the Southern Nations borrowed, overspent and cannot repay

Was used to buy things --- Geman things -- Dannish and Sweedish etc

And in the process made the Germans rich selling the things - A BMW in every garage

I don't know of a solution -- but Nien to Greece, is really Nien to BMW

When you play a crooked game --- all of them (an US as well) you have to face reality sooner or later

Why was the game so crooked?

Why were there so many BMWs bought and sold?

It is what we do






Sat, 07/28/2012 - 18:52 | 2659534 LMAOLORI
LMAOLORI's picture


I wonder how many people will dump their Money Market Fund if the Fed pushes this through...

Still Think That Money Market Fund Is “Cash”?

Sat, 07/28/2012 - 19:26 | 2659561 The Monkey
The Monkey's picture

Insist on an FDIC sweep, or change brokerages.

Sat, 07/28/2012 - 19:40 | 2659574 philosophers bone
philosophers bone's picture

None because the terms will be buried in the fine print on page 87 of the prospectus.  And financial advisors won't properly advise their clients of this risk out of fear of moving asset into "real" assets which are not held in a brokerage account.

If the securities regulators are doing their jobs, they would recognize that the average muppet regards their money market fund as cash and require any investor purchasing or holding a money market fund to get independent advice and sign an written acknowledgement.

Won't happen.  This crisis is so foreseeable!

Sat, 07/28/2012 - 19:03 | 2659543 ouchtouch
ouchtouch's picture

I am mystified as to why anyone keeps money in a money market fund these days.  I use TreasuryDirect.

Sat, 07/28/2012 - 19:05 | 2659544 RobotTrader
RobotTrader's picture

Only one day up in the NYSE Summation Index, but if it keeps going, could be a long summer for the bears.

Sat, 07/28/2012 - 19:40 | 2659575 The Monkey
The Monkey's picture

Could be. I guess we'll find out on Wednesday.

Sat, 07/28/2012 - 20:04 | 2659594 Yen Cross
Yen Cross's picture

 Keep trading those "Tape Bombs" ROBO!

Sat, 07/28/2012 - 21:15 | 2659710 Sudden Debt
Sudden Debt's picture

you know, every time you use the word "bomb", some NSA sucker needs to read your post...

Sun, 07/29/2012 - 03:34 | 2659951 Haager
Haager's picture

So? But why are banking-terrorists still able to bomb the markets and to nuke specific assets at will whilst those NSA-guys keep tracking? Oh, wait...

Sun, 07/29/2012 - 05:10 | 2659987 TPTB_r_TBTF
TPTB_r_TBTF's picture

You are right, the word "Bomb" triggers their bots.

However, in the meantime, the Agencies have blood-n-flesh agents scanning each-and-every post on ZeroHedge.  We are special; we get real agents scanning our posts.  I would love to do some SQL on their ZeroHedge database!  Wonder how they have us profiled?

Sun, 07/29/2012 - 07:19 | 2660022 magpie
magpie's picture

The really dangerous people are not even on payrolls.

Sun, 07/29/2012 - 10:20 | 2660134 Landrew
Landrew's picture

You don't have to worry if you are holding your last recommendations "Chinese Solar Stocks" You have no money to lose.

Sun, 07/29/2012 - 12:03 | 2660328 MeelionDollerBogus
Sat, 07/28/2012 - 19:06 | 2659546 mick68
mick68's picture

I truly never thought I would see the day that cynical traders willingly believed fairy tales. They tend the other way naturally, but here it is happening. My only explanation is their cynicism has reached the point where they see profit in collectively shutting their eyes, which, at least temporarily, keeps this stuffed pig afloat. How long before the first opens his eyes and bolts for the door? He will kick this off to be sure, so fragile a thing is a lie covered with fairy tales.

Sat, 07/28/2012 - 19:09 | 2659552 FranSix
FranSix's picture

TSX has been in a bear market since early 2011, and looks like it will be testing the lows once again.  Not once have I heard this mentioned in the Canadian Press or any televised coverage.

Sat, 07/28/2012 - 19:13 | 2659553 wisfool
wisfool's picture

I stopped after:

Most people, most markets, operate on the basis of reality and probable scenarios based upon fact. This is not true for the equity markets however as it is here where hopes and prayers and visions of Tinkerbell and little blue fairies that will come to the rescue reside.


The article is fooling itself.  It is BECAUSE we live in a faux reality that visions and prayers are what we observe: our media/our leaders


Sat, 07/28/2012 - 19:14 | 2659555 Marcuz Aurelius
Marcuz Aurelius's picture

You really gotta worry when music like this starts to reverberate in the city of Nuremberg once again but till then !

this will have surely have a fairy tail happy ending i mean look at all those royals having a jolly good old time in London :-) *puts head in sand*

Sat, 07/28/2012 - 20:28 | 2659622 Muppet of the U...
Muppet of the Universe's picture


It's already started.  4 days, here it comes... 

Sat, 07/28/2012 - 19:19 | 2659557 nmewn
nmewn's picture

Rainbows, puppy dogs and unicorn farts.

Sat, 07/28/2012 - 19:27 | 2659562 Absalon
Absalon's picture

Since most investors only hold a small subset of the individual stocks available we should recognize that most investors most of the time view most individual stocks as over priced. 

Sat, 07/28/2012 - 19:31 | 2659566 q99x2
q99x2's picture

I'll take two pink fairies to go. Just one night thank you.

Sat, 07/28/2012 - 19:31 | 2659567 PatientZero
PatientZero's picture

Now come on, Tyler. You know as well as I do the equity markets are powered by unicorn farts.

Sat, 07/28/2012 - 19:45 | 2659577 killedbyshortvol
killedbyshortvol's picture

Not to be nit-picky, but Batman guards Gotham, not Metropolis.

Sat, 07/28/2012 - 19:49 | 2659585 HD
HD's picture

Geek cred established.

Sat, 07/28/2012 - 23:45 | 2659823 zhandax
zhandax's picture

That was the Saturday pool......

Sun, 07/29/2012 - 11:07 | 2660215 hedgehog9999
hedgehog9999's picture

Superman , Batmans , it all the same BS Hollywood crap... I have no idea why people go to a movie theater to watch this crap shit at midnight and get shot at.......

Sat, 07/28/2012 - 19:49 | 2659584 q99x2
q99x2's picture

Central Bankers Hold the Key as Market Awaits Jobs Report

What is this shit. This is not a democratic republic. This is not communism. This is a war. And, the terrorist banksters have declared it.

Sun, 07/29/2012 - 22:00 | 2661321 Mentaliusanything
Mentaliusanything's picture

So The Dow index is above 13,000. That tells me you have large amounts of money chasing the only game in town.

Can you say - "Asset Misallocation" or "Priced for perfection"

The US markets are hooked on Ben's Meth and eccies, while the rest of the World spirals into a dark place

Its going to be one hell of a hangover when this bubble bursts

And it IS A BUBBLE but the air has to go somewhere. 

Sat, 07/28/2012 - 19:52 | 2659586 4 wheel drift
4 wheel drift's picture

bernanke last stance (dance ?)

Sat, 07/28/2012 - 20:11 | 2659604 Yen Cross
Yen Cross's picture

 Attn; Joe Kernen @ CNBS has adopted " tapebomb", as the new " Catch Phrase" , on Squawk Box.

 )update( Steve Liestard slipped in the shower today, and isn't expected to recover.

Sat, 07/28/2012 - 20:33 | 2659609 earleflorida
earleflorida's picture

Sooner,... much sooner - rather than later, somebody of global importance and fabulous wealth... or, even a 'Sovereign Foreign [Germany, Austra, Switzerland, Belgium, et.el.]Government' is going to expose these 'Shylock's' for global [et.el., Draghi the Charlatan Squid of un[fathom]able megalomania] market manipulation.

It won't be pretty when these non`sequitur's are rounded up and imprisoned for their lassez-faire simony that's shredded the free worlds' 4th Estate's financial credibility!

As I pin this comment, this reality is already coming to fruition!

God Bless you, Julian Assange!!! 

Sat, 07/28/2012 - 20:27 | 2659620 Schmuck Raker
Schmuck Raker's picture

"Shame on you Tyler for using images of beautiful woman to lure readers into guest posts only to find said image not in the article... That's what fricking mainstream websites do...

But she was pretty..."

[ala Frastric]

Sat, 07/28/2012 - 20:37 | 2659621 Yen Cross
Yen Cross's picture

 A couple of tools for those without a Bloomberg terminal.

 These guys work awesome on my mobile platform. This page has been retuned to show realtime yields, as of last week!

 No more fractions, and futures. They are still available in the menu. I'm trying to get these guys to provide " sovereign spreads" in the menu. Here is the page.   Just click on the region to open a more defined chart.

  Click on live quote, then bonds in the menu.


Sun, 07/29/2012 - 09:10 | 2660081 Xanthias
Xanthias's picture

Thank you very much for this.  You're right: the best I've been able to do on my modest platform is check futures prices.

Sat, 07/28/2012 - 20:31 | 2659628 Miles Kendig
Miles Kendig's picture

Mark, Snow White does like a great rush, and market bulls do seem to enjoy a good spanking on occasion

Sat, 07/28/2012 - 20:32 | 2659629 RobotTrader
RobotTrader's picture

Oh, by the way, equity markets are lagging badley compared to the debt markets.

Pull up a 40 month chart on LQD and HYG and you will see one of the most insane rallies ever in corporate debt.

Poor Doug Noland must look at those jaw-dropping charts and scratch his head, especially when you see how far they have rallied since 1999 when he wrote the infamous "Coin In The Fusebox" piece.

Nearly 4 years after Fannie Mae, Freddie Mac and the FHLB basically failed, yet all three continue to operate today, fueling yet another housing boom which started in 2011.

And don't even get me started on Bob Brinker's fabled Vanguard Ginnie Mae recommendation.....

Sun, 07/29/2012 - 12:03 | 2660327 MeelionDollerBogus
MeelionDollerBogus's picture

There is no 2011 housing boom. There is an ongoing collapse. Are you trying to be MDB again? Gonna bring up some Libertarians?

Sat, 07/28/2012 - 20:49 | 2659660 johny2
johny2's picture

The Fed knows now that QE is not going to do much if anything, so they are likely to promisesome future action in hope that time heals the damage wrought by bubble in real estate credit. 

These days, when a baby is born in USA, it is already $50000 in debt. 

Sat, 07/28/2012 - 20:59 | 2659679 Sudden Debt
Sudden Debt's picture

QE3 won't happen at all. Look up interest rate swaps and tell me how QE3 can come in? If money comes out of the bonds and into stocks, yield of the bonds will rise. If yields the bonds, the bonds value goes down. Therefore, the balance sheets of the banks would be destroyed because they would lose values on their bond holdings. Also, there is 300 trillion of interest rate swaps that would be destroyed if yield rise.

second, oil is at 90$!
If QE3 is launched the comming weeks, oil will go to 120/140$ and Obama can't have that during election times.

third, the debt ceiling talks also need to start soon, can't have 2 money fountains going at the same time.

fourth, when you expect something to happen, something totally different happens.

Sat, 07/28/2012 - 21:21 | 2659719 johny2
johny2's picture

They may call it somehow else, but the electronic credit is going to be made with a click, and both stocks and US treasuries will be bought. The timing is only thing in doubt.

Sun, 07/29/2012 - 00:26 | 2659883 The Monkey
The Monkey's picture

There is one form of QE that could take both bonds and stocks higher, without doing much to commodities, and that would be extending the ZIRP period into 2015.

In fact, this seems to be what is being priced into the markets. If that's all we get, you would want to be long treasuries, long agency REITs & short precious metals on the way in.

Personally, I see no reason to position ahead of the Fed. Sentiment has overshot and earnings are weakening - but hey, that's just me.

Sat, 07/28/2012 - 20:56 | 2659673 Sudden Debt
Sudden Debt's picture

Nein means Nein untill the ruffees come into play...

Sat, 07/28/2012 - 21:03 | 2659689 JR
JR's picture

The symbolism of God as a fairy tale is a little too much of a fairy tale.

When one dismisses the chance of a little girl having a Prince Charming, when one dismisses the chance that prayer will help or that there is a God or that there is hope for something better, then one dismisses any foundation, any standard, and any beginning; and leaves, in the end, nothing.

BTW, this symbolism of hope and prayer does not apply to the stock market. The stock market is not running on hope and aspirations, it’s running on QE. It’s running on robo banks using other people’s money – savers money, inflation-taxed money, stolen money and taxpayer bailout money.

Case in point: Interest income paid to senior citizens and savers has declined by $400 billion (29% decline) since September of 2008 due to Ben Bernanke’s ZIRP. – Jim Quinn

When Bernanke announced that he has to “sacrifice” savers to help the economy, what he meant is he’ll continue to juice the stock market with ZIRP to enrich the Wall Street bankers.

Sat, 07/28/2012 - 21:09 | 2659694 Yen Cross
Yen Cross's picture

 Qe is priced in. That means it's already " irrelevant".  BTW J.R. you are 100% correct! Excellent post!

Sat, 07/28/2012 - 21:10 | 2659703 Sudden Debt
Sudden Debt's picture

that means a lot will need to be discounted.
for example:
Morgan Stanley? the biggest riser on friday, how do they profit from QE3? It's actually bad for them. and yet they rise 5%
for every % these stocks go up now, they'll lose 3% in the near future.

Sun, 07/29/2012 - 00:37 | 2659892 The Monkey
The Monkey's picture

Financials will likely tank unless open market purchases are in the mix. A big open ended QE would be positive for financials and gold.

Personally, I would let the ES correct 200 points before coming to the rescue with open market purchases, but there is so many doves in this Fed, I think they have a good chance of jumping the shark. Would be funny if they shot themselves in the foot with a blowoff top in crude!

Sat, 07/28/2012 - 21:49 | 2659756 RobotTrader
RobotTrader's picture

Morgan Stanley is still sucking wind, along with BAC and Citibank.

Still not out of the woods.

The regional banks, however, are on fire.

Check out Texas Capital Bank, up 7% on Friday to a fresh, world record high:

Sun, 07/29/2012 - 00:38 | 2659893 The Monkey
The Monkey's picture

I hadn't thought of a long regionals / short majors trade, but may make sense.

Sun, 07/29/2012 - 22:00 | 2661322 AurorusBorealus
AurorusBorealus's picture

Go ahead and pick up those regional banks... after all have been no attempts to stuff bad bond debt down their throats by the TBTF.

Sat, 07/28/2012 - 22:21 | 2659797 antisatan
antisatan's picture

dont let us forget about the M3 may it rest in peace

Sun, 07/29/2012 - 04:11 | 2659965 radicall
radicall's picture

I never dreamt of wearing a white dress or prince charming carrying me in his arms.. Damn homos think everyone is like them! Not that there is anything wrong with being one.. but please!



Sun, 07/29/2012 - 04:37 | 2659972 Monk
Monk's picture

Actually, it's not true for the whole global economy as it essentially involves money.


Sun, 07/29/2012 - 04:56 | 2659980 TPTB_r_TBTF
TPTB_r_TBTF's picture



... most markets, operate on the basis of reality and probable scenarios based upon fact.

Tyler, please tell us which markets are "most markets"?  Which markets nowadays still operate on reality and fact?


This is not true for the equity markets however ...

Only one "exceptional" market from the rule?

Sun, 07/29/2012 - 05:49 | 2659995 milanitaly
milanitaly's picture

Nein is nein and ja is ja. Helpful tyler durden.

History is a little bit more complicated

Sun, 07/29/2012 - 07:55 | 2660038 Coldfire
Coldfire's picture

I think that until she is taken out Merkel will continue to sell out her countrymen for a shot at the top spot.

Sun, 07/29/2012 - 11:43 | 2660289 Johnk
Sun, 07/29/2012 - 12:47 | 2660399 sunny
sunny's picture

" This is all fine and dandy but do not kid yourself; if the Germans say “Nein” then it is “Nein” and any other conclusion is foolhardy."


Sorry, but when has Germany not said "absolutely not" or "Nein" and then caved.  The simple fact is that for all the whining, Germany will always give in, ultimately to whatever it takes to keep kicking the can.  This time around will be no different.


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