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S&P Says Improbable Any Economic Improvement Would Bring Back AAA US Rating
Sigh:
- S&P says that it is impossible that any economic improvement would bring back the AAA rating
- US deficit progress is needed.
- Outlook remains negative.
And what do stocks do on latest S&P report that America is broke? Why they surge of course....
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I'm going to the bank for a HUGE loan. All I have to do is tell them I'm broke and have no job and they'll reduce the interest on the loan.
GERALD CELENTE TALKS S&P WITH LEW ROCKWELL
http://djia.tv/gerald-celente/gerald-celente-lew-rockwell-13-march-2012/
Quick! Call your broker and buy WAFFLES!
http://www.planbeconomics.com/2012/03/15/buy-waffles/
What if the U.S. in its entirety just becomes Goldman Sachs, Inc.? That would get our AAA rating back.
to even utter in same statement AAA and USA means that SP is a joke and we're all fools for even reacting to the agency review.
Let's really do our own ZH rating here: use the basic stats of debt to GDP (Fed toxic assets as illegal derivative and CDS's and other fake accounting, etc.) and we barely arrive at BB- for the good ol' US of A.
So the farce continues.
Your entire comment is Bullish. Well that is how the markets are doing....
Thanks. Good interview. Nothing really new, but Celente is always fun to listen to. His predictions are very plausible.
Despite the whining from discredited libertarian day traders, growth is back and stocks are beginning their next leg up to all time highs.
ROTFLMAO!!! ^^THIS GUY^^^ is a comedian!! Are you the new HairyWanker?
1200x earnings is the new normal. You will get a ROI in 100 years or about the same time the perpetual bonds mature!
LMAO!!!
MDB has been around a long time. You have to read him for a while to appreciate his humor.
Or not.
I've read the guy for well over 6 months, and that doesn't change the fact that there is nothing humorous in this statement. It's just plain vanilla trolling.
"Despite the whining from discredited libertarian day traders, growth is back and stocks are beginning their next leg up to all time highs."
I guess you need a sense of humor and a skin that isn't so thin to appreciate it. A good grasp of the absurdity we find ourselves in doesn't hurt either.
It is dam funny... Happy Friday !
I tend to agree with you. I believe that MDB is demonstrating absurdity by being absurd.
To the uninitiated he seems sincere, but I'm fairly confident he is just taking the piss out of everyone.
you can dig silver out of the ground for $15 bitchez. ahahahahahaha ...remember that troll... good times
Really troll. Why are interest rates at zero forever if growth is so great? If you want to make a case to be long stocks because in an election year, TPTB won't let them fall, then so be it. Otherwise, STFU.
You could go long SPX as a short USD play. :)
"growth" never left...you know..the "growth" that goes unchecked and unnoticed, until one day, after you begin to exhibit signs of malignancy, your doctor examines you and sends you straight to the hospital, where they perform emergency surgery to remove that "growth" becuase it was about to kill you....shirley you mean that type of growth.........
You're right MDB if I had been in S&P since 2000 I'd only be down 8%. But wait, I forgot to adjust for inflation. Whoops it looks like I'm down 32% when I adjust for inflation. Winning.
I've decided to clasify you as a rounding error. You really shouldnt be there...or here.
So just where is it you learn to be a bull-tard or top-caller or bottom-calling-troll?
Just how do you define "growth" ?
Maybe AAPL will hit all time highs but SPY is about to take a pretty bad plunge.
Prepare accordingly.
Silly Bitchez ... http://flic.kr/p/bqr5ZG / http://farm8.staticflickr.com/7207/6840058186_8f1c8f5b0b_b.jpg
All is farce and $cams, until there is a purge.
News: Strait of Hormuz being closed as we speak!!!
... SIKE!!!! Let's look at WTI to see what we won!
Haha don't laugh!! It's coming!!
Robots read the letters AAA in the headline so it must be good. Time to buy more AAAPL!
This whole zombinomic policy just won't fuking die, and I personally shot it through the head with a silver boolit.
My next strategic initiative is to watch for a downtick in AAPL, which has significant implications concerning global economic direction and / or brink of world destruction.
Buy AAPL, bomb Iran, print bitchez print...../sarc
You're about a week early on that headline.
is hormuz getting closed today?
+1 if you're sincere and may God bless you.
This market is beyond crazy. It is now officially BATS*&T crazy! But then again, I guess that's no different than yesterday, so... carry on.
the market is pricing in hyperinflation & full on monetization of debt by the fed and primary dealers. But no matter how much money they print, the solvency issue will remain. one day, sooner or later, the govt and several large banks will have to default. and when that happens everyone will be selling stocks/everything paper, cause the biggest market crash in history, and have to buy physical gold and other real assets
the sad thing that CHASE once again will get its chance to get bargain on EVERYTHING
that's right, beyond crazy, it's a psychopathic world we live in and have to adjust to live with or get rid of it at last
up is down, good is bad, and crime pays
and crime pays
Ah, the (new)American dream......
That's it people. I'm all 'farced-out' for the day.
Is it just me or does it feel like the wheels are finally coming off??? Has too much dirty laundry been let out for all to see?
Of course they SURGE!! What did the Zimbabwe stock market do in its final days?!
I have a feeling we're in the last uptick before at least a correction and possibly a BIG one. But that's just my optimism showing.
These fukers are adept at riding a unicycle with a broken wheel.
Wake me from the matrix when the juggling stops.
Looks like we're back to debt = wealth.
If you can borrow it then you must be credit worthy => USA is AAA
Here we go again!
Calm before the storm.
Fan the fuckin fire faster...
I would say blowoff top. But who cares. Let 'er go to da moon.
On my way to 'its a Hockey Life' store
To buy shoulder pads, full cage helmet, elbow and shin pads... and its not so i can play hockey.
Whew. That's a relief. Because its improbale we will be getting any economic improvement
You mean Mittens (romney) was lying when he promised to restore the US AAA, with his tax plan that merely adds $3 TRILLION to the deficit
*full disclosure may not add $3T if US experiences FIVE years IN A ROW of +7% GDP growth.
Nobody cares about Mittens lying seeing as after this SPR bullshit stunt he can accuse Obamanation of being a worse 'flip-flopper' than himself.
You'll get Mittens and you will like it!
I hope the next time he takes a picture with his money he stuffs some in his cakehole. i think it would improve his look as the psychotic sciopthic stare with the shit eating grin is creeping me out. Plus maybe with the hundreds stuffed in his mouth he can pose in front of some of the people he robbed and threw out on the street as he disenfrachised them and their children so he could float around on a yacht stuffing beluga caviar into is fat psyhcotic face.
You mean all the GOP candidates except the one who doesn't stand a fucking CHANCE of winning are just bleached Obamao clones who believe share the same combative class warfare ideology?
Banks should create another financial product but at least have full transparancy disclosure with the NEW "No Pay Loan" Come in for a loan and if you're broke with no place to live, no job and nothing to eat the bank will give you money. Oh wait that's called a govt school loan. never mind
US deficit progress is needed.
Oh the deficit will progress alright... if you know what I mean...
Get honest S&P. the US should have a junk rating. If I was rolling over debt just to pay off my creditors, I'd have a junk rating and nobody would lend to me.
That's logical, devalue to prosperity!!!!supposedly it's value preservation....the dollar falls, TNCs are keeping their reserves in yuans and other currencies. There are a few flaws in this model though. like china not buying into apple mythology
TOTALLY Bullish.
SPX 1450, AAPL 700, NFLX 200 coming soon to a ponzi near you.
Did anyone tell Greece that after the Troika finishes screwing your nation, you get a bailout plus AIDS? The U.S. has so much to look forward to.
The equity ponzi scheme is being held up by the constant humming of the @FederalReserve printing press, and when AAPL turns over, taking the equity "market" with it, and people start opening their quarterly 401(k) statements, I suggest you go long on populist anarchy.
Every other facet of the economy is going to the crapper. Housing, industrial, services, wages, etc. The government's broke. Tax revenues are shrinking and the majority party in government right now is demanding more treasure from the ever-shrinking number of wealth producers.
We are truly boned.
Well surprise surprise...
Obamacare will cost 1.76 trillion instead of whatever Obama said (it's gonna reduce the deficit!)
In a largely overlooked segment of the CBO's update to the budget outlook released Tuesday, the independent arm of Congress found that the bill will cost $1.76 trillion between now and 2022.
http://www.foxnews.com/politics/2012/03/14/cbo-health-law-estimate-shows...
tomorrow is Opex, thats why - insider traders are doing the Goldman way - selling derivatives to outsiders and then trading the opposite to kill them off
e.g. Royal Bank of Schotland Turbo Short AEX 336 is about to be stopped out the same way they stopped out the 333 last month (AEX rose to 333.08, on the day following Opex, then AEX dropped to 315). Tomorrow or Monday AEX will break 336, if not by ramping futures tonight already.... They just need 0.3%. Who's behind this?
If it is RBS themselves, then you have proof of a clearcut piece of market manipulation, severe conflict of interest (selling turbos to clients and then order your trading department to f*** them)...
This happens all the time, I guess, with other types of derivatives, and must be hard to prove
unless an insider speaks out, maybe?
OT
Bank of America: Too Crooked to Fail
"The bank has defrauded everyone from investors and insurers to homeowners and the unemployed. So why does the government keep bailing it out?"
By Matt Taibbi
March 14, 2012 10:55 AM ET
Read more: http://www.rollingstone.com/politics/news/bank-of-america-too-crooked-to...
They haven't been arrested yet?
Mr Market is the name of the latest AI blowup doll. Comes with beard, its deaf and self inflates.
Yes but America has Apple...
Yeah, but China has the plans and all the rare earth metals.
Good point...
still shorting the rally,comenators and Tyler?
moving your stops up? Doubling up on your short since 128000 when this blog proclaimed the end of the rally?
LOL
Try harder noob.
What rally? Even with the coordinated smackdowns of real money, and the MSM-fed, algo-driven levitation of the equity markets, the S&P still only holds a 0.84 ratio to gold. In 2008, the ratio was 1.9.
You lose.
May I call you bullshitter market?who pays you?Vampire squid or JP morgue?
The Dow is a stink right now.
It's bound to rise more as the stink increases all around.
Ben is now on a perpetual fart.
We can only hope he explodes soon with all the noxius fumes inside him.
The world needs a new start.
The market isn't crazy. It's a currency now just like oil. And it is rising for the same reason oil is rising. It re-prices to adjust for the debasement of the dollar. Investors know it's better to own companies, oil, gold and silver than to sit on dollars.
Of course they do!!!! It's highly bullish.
"The Federal Reserve noticed that $550 billion had been withdrawn from the money market accounts within an hour or two. The Treasury opened its window and pumped a $105 billion into the system and quickly realised we were having an electronic run on the banks. They closed down the money market accounts ..... so there would not be panic. If they had not done that their estimation was that by 2pm $5.5 trillion would have been drawn out of the money market system of the U.S. and would have collapsed the U.S. economy and within 24hrs the world economy."
Paul Kajorski - Chairman Capital Markets Committee 2008
They have not fixed anything. The problem is just that much bigger and more complicated now. The next "event" will be just as abrupt and 100 times bigger. They can shut down the U.S. money markets. They cant shut down a global panic sell off of U.S. Treasuries. KABOOM. ..... give it time.
well isn't that special
first,... they destroy the american financial system [that's a questionable big 10-4] by raping its drugged participants
now they want us to abort their miscarriage
the audacity of "Rating Hope and Change" redux,...coming to a continent nearest you
Another headline test...
Has our esteemed Treasury Secretary weighed in on our credit rating yet???
I'll wait to hear what he thinks the chances are we get the AAA rating back...........
/sarc
According to Bernanke and the Fed ratings don't matter anymore. As long as countries keep taking worthless fiat dollars we have an excellent rating.
everything is Bullish!!! !!!!!