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Tiger's Robertson "Europe In State Of Financial Collapse"

Tyler Durden's picture





 

In a moment of clarity, Tiger's Julian Robertson educates the money-honey on just how bad things are. Robertson started by trumpeting how bad macro is everywhere, moved on to Europe being in a 'state of financial collapse', likes shorting weak European currencies (Hungarian Forint) and warns of the possibility of a rapid rise in interest rates in the US. He is positive on NOK, thinks Canada is a 'very well run country', is a buyer of US large cap tech (citing GOOG and AAPL specifically), and sees Visa/Mastercard growing at 20%+ per year for some time.

The full interview is embedded below, and while some is group-think, he is very clear on where he sees risk and return potential in the world.

Bad (from Bloomberg):

*TIGER'S ROBERTSON SAYS `MACRO IS SO BAD EVERYWHERE' :285691Z US

*TIGER'S ROBERTSON SAYS EUROPE IN `STATE OF FINANCIAL COLLAPSE'

*TIGER'S ROBERTSON SAYS EXPECTING GREEK DEFAULT      :285691Z US (and is worried for Portugal and Italy also)

*TIGER'S ROBERTSON SAYS WORTH SHORTING WEAK EURO. CURRENCIES

*TIGER'S ROBERTSON SAYS HUNGARY'S CURRENCY `LOT OF RISK': CNBC

Neutral:

*TIGER'S ROBERTSON HASN'T LOOKED AT FINANCIAL INVEST.: CNBC

Good:

*TIGER'S ROBERTSON SAYS LONG NORWAY CURRENCY: CNBC   :285691Z US

*TIGER'S ROBERTSON SAYS CANADA `VERY WELL RUN COUNTRY'

*TIGER'S ROBERTSON SAYS SINGAPORE DOLLAR `AS STRONG AS CAN BE'

*TIGER'S ROBERTSON SAYS GOOGLE `VERY ATTRACTIVE'     :285691Z US

*TIGER'S ROBERTSON LIKES APPLE: CNBC        :285691Z US, AAPL US

*TIGER'S ROBERTSON: VISA MASTERCARD TO GROW 20%+ `FOR SOME TIME'

And for those looking to participate in Julian's FX trade views - here is HUFNOK:

Chart: BBG

 


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Tue, 09/13/2011 - 17:15 | Link to Comment virgilcaine
virgilcaine's picture

I thought he retired?

Tue, 09/13/2011 - 17:23 | Link to Comment WestVillageIdiot
WestVillageIdiot's picture

It looks like he will be retiring to the morgue pretty soon.

Tue, 09/13/2011 - 17:38 | Link to Comment X.inf.capt
X.inf.capt's picture

excuseme, tiger, are you going to make money off this default?

at who's exspense?

Tue, 09/13/2011 - 17:42 | Link to Comment WestVillageIdiot
WestVillageIdiot's picture

Probably another old fuck that goes around professing how much he loves his children and grandchildren and then spends his life working to destabilize their world.  I see that shit all the time.  It is right up there with the phony patriots I see that have no problem shoveling mounds of bad paper onto the government but thos fuckers all have their hands over their hearts during the Star Spangled Banner.  Fuck all the phonies.  Fuck' em in the ear.  Fuck 'em in the other ear, the cheap two-bit cigarette hi-jacking pricks. 

Tue, 09/13/2011 - 17:45 | Link to Comment X.inf.capt
X.inf.capt's picture

.

Tue, 09/13/2011 - 18:14 | Link to Comment TruthInSunshine
TruthInSunshine's picture

I can't watch CNBC - it's too painful - or even Bloomberg (it devolves closer to CNBC drivel with each passing day), but Robertson is correct about Europe (though it doesn't take a guest of Holiday Inn Express to figure it out).

The nex Great Credit Crunch in just 3-4 short years is about to make the Mother of all hard landings, and it's going to crush liquidity when it does.

Tue, 09/13/2011 - 18:25 | Link to Comment Skid Marks
Skid Marks's picture

The nex Great Credit Crunch in just 3-4 short years

Do you really think it will take that long?

Tue, 09/13/2011 - 20:33 | Link to Comment He_Who Carried ...
He_Who Carried The Sun's picture

Its going to be Merkel's way as it has so far and she says 2013.

No matter what members of her cabinet utter and do to get better election results for their respective parties 2013 will be the year to kiss Greece byebye.

Tue, 09/13/2011 - 21:19 | Link to Comment NuckingFuts
NuckingFuts's picture

What did you two just post? Your avatars are waaay to distracting for me to concentrate.

BOOBIEZ BITCHEZ.

Oh yeah wasn't it something about europes finances?

Bread, circuses, T&A.

Tue, 09/13/2011 - 23:22 | Link to Comment Abitdodgie
Abitdodgie's picture

Plant the seed for 2013 , Trolls part deux. So you will be long till then.

Tue, 09/13/2011 - 18:26 | Link to Comment anynonmous
anynonmous's picture

Bloomberg devolving to CNBC

without doubt and it will only get worse as the election approaches

radio is still okay but even the illustriious Tom Keene is showing his NY lib stripes

Tue, 09/13/2011 - 18:47 | Link to Comment TruthInSunshine
TruthInSunshine's picture

 

 

Skid Marks

Do you really think it will take that long?

 

Well, it's been nearly 3 years so far, now, so late 2011/early 2012 is feeling about right.

 

anynonmous

Bloomberg devolving to CNBC

without doubt and it will only get worse as the election approaches

radio is still okay but even the illustriious Tom Keene is showing his NY lib stripes


There was a time when Bloomberg really was useful and somewhat professional. It's now just become a 'less bad' version of CNBC, which is truly damning by faint praise. Bloomberg also now = suckvision, and for many of the same political reasons that Comcast's (and formerly NBC/GE's) CNBS = suckassvision.

Tue, 09/13/2011 - 20:43 | Link to Comment New_Meat
New_Meat's picture

anynom:

"... radio is still okay but even the illustriious Tom Keene is showing his NY lib stripes ... "

I've been listening to their morning radio shows (believe it or not, 1130 AM from NYC comes in better than local AM from Boston during the night, thanx FCC) from / during the 0100 --> sunrise FCC Power Down dictat.

"Surveillance" w/Keene and Pruitt is a difficult show to listen to in the short term.  They let their "guests" prattle along, seldom challenging anything.  But, in the longer-term, they bring on (skoshi') counter guests.  Eventually, the counter-guests.

But they do have Gross, Mohammed, etc.

- Ned

[ed. after sunrise, it is at the almost stupidest "radio playa" thingie: http://www.bloomberg.com/radio/

that takes like seven times to get the thing to work]

don't cha' know

{and Keene is supposed to be from Rahchesta', and is supposed to be a {ghasp} Red Sox Fan.}

Tue, 09/13/2011 - 21:25 | Link to Comment anynonmous
anynonmous's picture

Keene desparately wants to be a member of the econelite with his pseudo mathy talk, horn rims and bow tie.  He is entertaining and to give him credit tries to hide his NYlib bias.  I'm not sure where he got his money... but he recently relocated from Upper East to Central South

http://newyork.grubstreet.com/2011/08/tom-keene-new-york-diet.html

 

Of all the clowns on financial TV he, along with Prewitt and Pimm Fox are a cut above. though I think Pimm Fox is probably #1

Tue, 09/13/2011 - 23:18 | Link to Comment Wannabee
Wannabee's picture

Anyone know where Charlie Stein of Bloomberg went? I used to listen to his show on XM, now stuck with Hayes Advantage (fail).

Wed, 09/14/2011 - 00:28 | Link to Comment Freddie
Freddie's picture

ALL TV is shit and if you watch it you back the elites.   TV is for controlling the serfs and lying to them.  When is the public going to wake up. TV goves them power and control.  ALL the networks are the same.

Wed, 09/14/2011 - 10:23 | Link to Comment dizzyfingers
dizzyfingers's picture

10,000 green votes for you.

Tue, 09/13/2011 - 18:45 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

TISunshine... This guy sounds really, really scared that some soverign is going to off load a shit load of Ts and drive interest rates up quickly...

I wonder if he has a T sales candidate in mind? I also wonder if he has thought through the effects of such a move would have on his other predictions...

Tue, 09/13/2011 - 18:53 | Link to Comment TruthInSunshine
TruthInSunshine's picture

That's a fair point.

Now that you have mentioned it, Robertson has been the original one who claimed shorting US Treasuries was going to be the trade of a lifetime (about 18 months ago, if my recollection serves me well).

Despite all that, there's no way the EU DOE NOT fall apart, regardless as to how they paint the pig with lipstick, or what words they use to describe the process.

When it does, at full speed, we'll be in crisis land once again.

But if the Central Merry Pranksters do what it would take to kick the can signficantly down the road, crisis would be a mild adjective to describe what will unfold instead.

Tue, 09/13/2011 - 23:11 | Link to Comment rocker
rocker's picture

You can thank Matt Miller for destroying Bloomberg. He is on a one man mission only equal to Cramer.  His Ego.

  The bastard tries to date the babes he works with on air.  What a Fucking Jerkoff. He probably does that with his game boy. 

Tue, 09/13/2011 - 18:32 | Link to Comment Zola
Zola's picture

And a supporter of Mitt Romney... all the way... he s definitely lost it. If he was still in his prime he would back RP

Tue, 09/13/2011 - 19:51 | Link to Comment LongOfTooth
LongOfTooth's picture

Busch whore Rick Perry?  THAT RP?

 

Tue, 09/13/2011 - 20:59 | Link to Comment crazyjsmith
crazyjsmith's picture

Benefit of the doubt says he probably meant Dr. Ron Paul, especially if was able to Find ZH. 

Wed, 09/14/2011 - 05:54 | Link to Comment Zola
Zola's picture

Obviously i meant Ron Paul. But it is true there is now a copycat in the race parroting the same positions and using the same initials. However this other guy from Texas is a total clown.

Tue, 09/13/2011 - 20:35 | Link to Comment He_Who Carried ...
He_Who Carried The Sun's picture

Rick Perry? Another retard at the helm?

Thelma, pack up, we're moving to Argentina!

Tue, 09/13/2011 - 19:10 | Link to Comment kill switch
kill switch's picture

You can't get any more crystal than that!!!

WVI Your my kind of guy, foxhole and all!!!!!!!!!!

 

+100,000,000,000,000,000  OK So a little inflation..

 

Tue, 09/13/2011 - 22:06 | Link to Comment Chuck Walla
Chuck Walla's picture

George Soros' pager just went off...

Tue, 09/13/2011 - 23:22 | Link to Comment Dugald
Dugald's picture

 

Dear Idiot, why so reticent, let yourself go and tell us what you really think.....I promise, you

will feel so much better for it....Ha!

Tue, 09/13/2011 - 18:34 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

X.inf.capt... He got hammered shorting Ts... So he had not figured out that the Fed was levitating bonds...

I doubt he is the smartest guy in the room in the current economy... Where all is determined by Fed intervention.

Tue, 09/13/2011 - 20:11 | Link to Comment Tater Salad
Tater Salad's picture

"At who's expense?"  Are you kidding me?  You in Obama's cabinet there chief?

Tue, 09/13/2011 - 17:43 | Link to Comment SPUTNIK
SPUTNIK's picture

he he he he he

Tue, 09/13/2011 - 17:15 | Link to Comment MichaelG
MichaelG's picture

*TIGER'S ROBERTSON: VISA MASTERCARD TO GROW 20%+ `FOR SOME TIME'

Week and a half?

Tue, 09/13/2011 - 17:50 | Link to Comment NotApplicable
NotApplicable's picture

Just wait until everyone's variable rate credit-cards start climbing.

Tue, 09/13/2011 - 18:37 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

NotApp... Start climbing? I know people that are paying 29% for revolving credit and have heard some are paying over 30%...

When I was a kid the shylocks got jailed for charging 17% vig...

Tue, 09/13/2011 - 19:28 | Link to Comment knukles
knukles's picture

Yeah, now I rememberin the days when Usury Laws Were Enforced...
Fuck, when any laws were enforced.
Especially the ones about kids selling lemonade in their yard.
Dangerous shit, I tell ya,

Dangerous shit.

Tue, 09/13/2011 - 19:43 | Link to Comment Rodent Freikorps
Rodent Freikorps's picture

Those little tax evaders need to be taught a lesson.

Tue, 09/13/2011 - 20:55 | Link to Comment New_Meat
New_Meat's picture

knuckles, with all due respect, I thought that your "persona" in these-here parts was, well, to be the "enforcer".

How say you?

- Ned

{We're all playing, rather more than we'd had or wished, back when}

{{and I'd say that we're having to play in the realm of a) prospective internal conflict and b) sustaing the logistics side of folks lives}}

Wed, 09/14/2011 - 00:34 | Link to Comment Freddie
Freddie's picture

My brother worked in a store during Carter's 16% inflation.  The dept store had to ration credit because the spread was so narrow.  I would guess the top rates were maybe 18%.    This 29% and 30+% bullshit is slavery.  I feel sorry for the dumb sheep who get into debt but they watch TV and are controlled by the elites who run all the TV networks.

Tue, 09/13/2011 - 18:54 | Link to Comment SoCalBusted
SoCalBusted's picture

How else would a credit card company grow?  People certainly aren't buying more crap.  Not even the same amount of crap that they bough 3 years ago.

They are probably going to get a government contract to manage some sort of weath transfer payment scheme ala SNAP

Tue, 09/13/2011 - 19:02 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

"They are probably going to get a government contract to manage some sort of weath transfer payment scheme ala SNAP"

Sounds about right...

A few days ago the local paper ran an article claiming that more restaurants are now taking 'food stamps' or, whatever they are called now. It's not a big step from food stamps to giving everyone a credit/debit card issued by Visa/Master or whoever.

Wed, 09/14/2011 - 01:10 | Link to Comment Freddie
Freddie's picture

Big step - it is already happening.  I am pretty sure most if not all states have debit cards for food stamps.  They got rid of the paper - now there is no stigma.  You can usually tell them because the have FULL shopping carts and looks liked they voted for Obama or they no speaky the english so good.

Tue, 09/13/2011 - 18:02 | Link to Comment lolmao500
lolmao500's picture

What? So... people are not enough in debt, they will take even more of it? Is this a joke? People are already too much in debt. And with the economy going down even more, less jobs, etc, you think people will get more debt? People will declare bankruptcy... and VISA-Mastercard will take the losses....

How in the hell will that make visa and mastercard grow?

Tue, 09/13/2011 - 18:32 | Link to Comment Rockfish
Rockfish's picture

Forget thoses already hooked and buried, there is a fresh billion out there.

Tue, 09/13/2011 - 19:23 | Link to Comment PeterB
PeterB's picture

You betcha...they just don't stop making them

Tue, 09/13/2011 - 18:45 | Link to Comment BurningFuld
BurningFuld's picture

You missed what he said. The issuing Banks take the hit. Visa and Mastercard are just the processors.

Tue, 09/13/2011 - 23:42 | Link to Comment Abitdodgie
Abitdodgie's picture

The Government prints money out of thin air , the whole system is about to implode at which about 5 billion people are going to die , but poloticians are living the high life .So i say  work that system and fuck it for as much money as  you can, after all it is just a ride  On another note what is toggle spellcheck ? as you see my spelling sucks especially after the 3rd bong hit

Tue, 09/13/2011 - 19:05 | Link to Comment TwelfthVulture
TwelfthVulture's picture

At his age, that's quite a long time.

Tue, 09/13/2011 - 17:17 | Link to Comment Hephasteus
Hephasteus's picture

Why does cnbc need 12 fucking IP addresses to stream a video. Scratch that 12 fucking IP addresses to pretend they are going to stream a video. 20 fucking IP adddresses to actually starts showing you something.

Tue, 09/13/2011 - 17:18 | Link to Comment WestVillageIdiot
WestVillageIdiot's picture

Even the IP addresses are too ashamed to take full credit for streaming the bullshit that CNBC creates. 

Disclaimer:  I did not watch the video.  I just can't stand anything CNBC for longer than it takes me to jerk one out. 

Tue, 09/13/2011 - 17:20 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

LOL in advance?:  One what?

Tue, 09/13/2011 - 17:57 | Link to Comment Mariposa de Oro
Mariposa de Oro's picture

You're so innocent, aren't you Sweetie?

;o)

Tue, 09/13/2011 - 18:15 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Tell me more...

Tue, 09/13/2011 - 17:22 | Link to Comment Hephasteus
Hephasteus's picture

AC neilson company. Akamai, XO Communications, Archer Communications,  Road runner business, Beyond the network america EACH one demanding 4 and 5 fucking IP's.

I'm not watching this crap.

Tue, 09/13/2011 - 17:26 | Link to Comment tsx500
tsx500's picture

...to Becky Quick ? ? 

Tue, 09/13/2011 - 17:35 | Link to Comment WestVillageIdiot
WestVillageIdiot's picture

I would love to know how many guys truned homo (no offense to gay guys) when they kept Becky Quick on there at 9 months pregnant.  I thought she was pretty ugly when she wasn't pregnant but, good God, Becky the Hut took ugly to a new level before she popped out that little devil clone.  I thought they had brought Mama Cass back from the grave. 

They say pregnant women have a glow.  What a crock of shit.  Quit lying to me.

Tue, 09/13/2011 - 17:42 | Link to Comment X.inf.capt
X.inf.capt's picture

LOL

you got to admit, Liz Clamen was HOT!

Tue, 09/13/2011 - 17:44 | Link to Comment WestVillageIdiot
WestVillageIdiot's picture

Put that much make-up on me and half you clowns would probably be looking at video of me and boxing your clowns.  And I'm not even that handsome (any more).  My point is that there is a team of "artists" trying to make these skanks look their best.  Just think of that and then think, "that is the best they can do with Carruso Cabrera".  They could at least cover her Homer Simpson muzzle.  No? 

Tue, 09/13/2011 - 17:52 | Link to Comment X.inf.capt
X.inf.capt's picture

AAAAHA HAHA HA

.

(sorry, im partial to redheads)

Tue, 09/13/2011 - 18:02 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

+ sense of humor!

Tue, 09/13/2011 - 21:07 | Link to Comment Dick Fitz
Dick Fitz's picture

WVIdiot-

Can't stand to watch the "news" or "financials" channels, so I googeld the beast you mentioned- if wasn't strictly dickly before, that ugly puss would've turned me off, uh, puss!

No offense taken!

Tue, 09/13/2011 - 21:04 | Link to Comment crazyjsmith
crazyjsmith's picture

Partial to gingers? Seriously?  How in the hell did that happen?

Tue, 09/13/2011 - 21:13 | Link to Comment X.inf.capt
X.inf.capt's picture

yeah, seriously. all i ever dated were redheads, my army buddies used to call me a REDIPHILE.

they're AWESOME!

Tue, 09/13/2011 - 23:57 | Link to Comment Abitdodgie
Abitdodgie's picture

Ho yes all my redheads have turned out to be Physco , just add alcohol

Wed, 09/14/2011 - 00:19 | Link to Comment X.inf.capt
X.inf.capt's picture

arent they great..

did you know that during WW2, that 62% of soviet female sniper aces were redheads. ace=5 kills.

ive never had a problem with them going crazy bitch on me, but i know better than to fight with one.

never fight with anything youre going fall asleep next to....

Tue, 09/13/2011 - 21:43 | Link to Comment Blano
Blano's picture

Liz Clamen IS HOT!!

There, fixed it for ya.

Tue, 09/13/2011 - 23:12 | Link to Comment X.inf.capt
X.inf.capt's picture

you can talk trash all you want....

that girl was STACKED, red hair, those lips...

SHE LOOKED AWESOME

too bad shes married....

Tue, 09/13/2011 - 17:54 | Link to Comment High Plains Drifter
High Plains Drifter's picture

well time was running out for her biolgoical clock. she had to get married and get this child bearing thingy done as soon as possible. sometimes these career women start having these crazy thoughts that   ..........hey i am  missing the boat here etc........probably started when trish had her twins....

Tue, 09/13/2011 - 18:16 | Link to Comment Obadiah
Obadiah's picture

Hey when my wife was preg it was beautiful!

Gott love those milk filled titties  come on what's not to love?

 

Of course this says nothing about becky

Tue, 09/13/2011 - 21:07 | Link to Comment X.inf.capt
X.inf.capt's picture

c'mon, guys, cut becky some slack.....

you should'nt make fun of a girl who got hit by the UGLY BUS!

Tue, 09/13/2011 - 18:39 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

At least Mama Cass had a great voice...

Tue, 09/13/2011 - 23:08 | Link to Comment LongBallsShortBrains
LongBallsShortBrains's picture

Becky got on the bus the other day carrying the baby in her arms. When the bus driver told her "damn lady that's one ugly baby". She walked past me and sat on the seat behind me, steaming about what the driver had said. When the man next to her asked her why she was so mad, she told the man that the bus driver had been very rude to her. Upon hearing this, the man told her she should not take the abuse and go give the bus driver a piece of her mind. She thought about it, and when she finally agreed and stood up, the man offered " I'll hang on to your monkey if you want to go talk to him"

Tue, 09/13/2011 - 23:34 | Link to Comment X.inf.capt
X.inf.capt's picture

AAAAHAHAHA HAHA HA

good one, balls...

Tue, 09/13/2011 - 22:15 | Link to Comment rosiescenario
rosiescenario's picture

.....you mean Beckie Quickie??? ....and you wondered why WB talks to her??????

Tue, 09/13/2011 - 17:27 | Link to Comment Ruffcut
Ruffcut's picture

Is it streaming bullshit, or is really screaming bullshit. I am often confused in the semantics of it all.

Tue, 09/13/2011 - 17:48 | Link to Comment HedgeAccordingly
HedgeAccordingly's picture

thats some good stuff

Tue, 09/13/2011 - 18:21 | Link to Comment Strider52
Strider52's picture

You watch CNBC while doing *that*? Ouch, that must be painful.

Tue, 09/13/2011 - 22:17 | Link to Comment rosiescenario
rosiescenario's picture

...some folks are in to mental S&M....for me there would not be enough viagra with that crap playing in the background....

Tue, 09/13/2011 - 18:55 | Link to Comment SoCalBusted
SoCalBusted's picture

maybe you watch too much "fast" money.

Tue, 09/13/2011 - 17:16 | Link to Comment spiral_eyes
spiral_eyes's picture

"Macro is dead"

— Bill White (2007)

Tue, 09/13/2011 - 17:27 | Link to Comment Hulk
Hulk's picture

"Maria needs sleep"

- HULK (2011)

Tue, 09/13/2011 - 17:29 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

"A bearing needs a shaft"

- DCRB (2011)

Oh wait, we've got the shaft!

Tue, 09/13/2011 - 17:57 | Link to Comment fuu
fuu's picture

"I have a bearing going out on my truck."

-fuu (2011)

Tue, 09/13/2011 - 18:03 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Not a Korean one I hope...

Tue, 09/13/2011 - 18:06 | Link to Comment fuu
fuu's picture

I dunno what Ford was using in 1987 for front wheel bearings.

Tue, 09/13/2011 - 18:19 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

"Three gets you five" it's American.  But, if that is the original wheel bearing since 1987, it should go into DoChen's Bearing Hall of Fame.  Send me the bearing markings if/when you change it out.  

Something tells me that you know how to email me...  Did you use that gun to extort that information from someone?

Tue, 09/13/2011 - 18:06 | Link to Comment rufusbird
rufusbird's picture

Her coffin is being refinished...

Tue, 09/13/2011 - 21:28 | Link to Comment Yen Cross
Yen Cross's picture

I got that comment after 16 hours of flight! Nice post hulk!

Tue, 09/13/2011 - 17:17 | Link to Comment Idiot Savant
Idiot Savant's picture

"and warns of the possibility of a rapid rise in interest rates in the US" - Doubtful, at best.

Tue, 09/13/2011 - 17:19 | Link to Comment WestVillageIdiot
WestVillageIdiot's picture

It might happen but we won't be using the dollar by that time. 

Tue, 09/13/2011 - 22:21 | Link to Comment rosiescenario
rosiescenario's picture

....yes interest rates will move up to 20%, but still be negative in nominal terms, with inflation running at 25%....and silver will have a new floor at $220 / oz....

Tue, 09/13/2011 - 17:21 | Link to Comment hunglow
hunglow's picture

butt they promised the prime wouldn't go up for two years.  Are we talking interest rate.

Tue, 09/13/2011 - 17:21 | Link to Comment mynhair
mynhair's picture

Short HUF?  Is he nuts?

Wait a sec...that's the same as buying USDHUF.

Where's he been the last year?

Tue, 09/13/2011 - 17:22 | Link to Comment Cleanclog
Cleanclog's picture

short HUF long CHF (despite new peg/cap to EUR) as a play against all the hideous mortgages lent by Austrian banks on Hungarian properties.

Tue, 09/13/2011 - 17:24 | Link to Comment mynhair
mynhair's picture

Eggzactly.

Tue, 09/13/2011 - 21:31 | Link to Comment Yen Cross
Yen Cross's picture

Can I introduce you two/to/  ECB, IMF, EMSF< let's start over... SArc!

Tue, 09/13/2011 - 17:19 | Link to Comment Gubbmint Cheese
Gubbmint Cheese's picture

Canada is well run - assuming our asset prices stay stable...... (snark)

Tue, 09/13/2011 - 22:23 | Link to Comment rosiescenario
rosiescenario's picture

Obviously he has not talked to any Canadians living west of Qubec....they'll tell you something else...

Tue, 09/13/2011 - 17:20 | Link to Comment WestVillageIdiot
WestVillageIdiot's picture

I closed out QQQ puts yesterday morning.  I am all the way out.  I slept well last night and felt great tonight.  I think I am finally out of this bullshit. 

This is insanity for the markets.  By pulling this total bullshit for going on 3 years they have driven out legions of guys like me.  Bye, bye commissions.  Good luck Ameritrade, eTrade and all the rest of you assholes selling shovels to the miners.  You didn't speak out against this stupidity.  Now you can fucking rot. 

Tue, 09/13/2011 - 17:27 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

@ West

I guess that I should feel LUCKY that I found out I was a shitty trader 20 years ago (I did not lose all that much).  Still was a shitty trader when I gave Technical Analysis a shot two years or so ago.

So, I have diversified holdings (esp. gold) that should keep me and my family OK.

If the markets are this insane (seems almost a lock to me), then congratulations on being able to sleep better.  Green!

Tue, 09/13/2011 - 17:56 | Link to Comment High Plains Drifter
High Plains Drifter's picture

just curious. but where is your gold?  nearby i hope.....otherwise , who knows ......i don't trust anyone...........how about you?

Tue, 09/13/2011 - 18:00 | Link to Comment fuu
fuu's picture

I think he buries it at Machu Pichu.

Tue, 09/13/2011 - 18:06 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

HPD and fuu,

Gold in SIX different places.  Backed by Sgt. Kalashnikov and Pietro Beretta.

They'll NEVER get it all...

Tue, 09/13/2011 - 18:28 | Link to Comment Jendrzejczyk
Jendrzejczyk's picture

All they need to get is the wife or one of my kids and they have all my PMs.....well, one of my kids anyway (Just kidding Dear).

Tue, 09/13/2011 - 18:52 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

They grab my wife or kid, then it's down to FIVE places...

Tue, 09/13/2011 - 22:24 | Link to Comment rosiescenario
rosiescenario's picture

...the good news, it is well hidden.

 

& the bad....I am developing alzheimer's....

Tue, 09/13/2011 - 17:29 | Link to Comment Long-John-Silver
Long-John-Silver's picture

That's why I'm all in hand physical Gold and Silver. I quit equities trading in 2006.

Tue, 09/13/2011 - 17:21 | Link to Comment bankruptcylawyer
bankruptcylawyer's picture

why is cnbc running this old man who sounds like he's being coached off a teleprompter. ?

i don't trust maria bartromo. looks like she's trying to be a charlie rose. 

looks pathetic. no content. 

Tue, 09/13/2011 - 17:25 | Link to Comment Cleanclog
Cleanclog's picture

She's a shill with increasingly rubbery and distracting lips - not in an attractive way.  And way too much eye maku-up.  Very cartoonish these days.

Robertson is the real deal.  Has always said what he thinks, often unpopular, and still very cogent.  She was out of her league and didn't do anything with the opportunity.  Soft tosses.

Tue, 09/13/2011 - 17:30 | Link to Comment Ruffcut
Ruffcut's picture

It ws senior tuesday at cnbullshit. Wilber and his wrinkled old fossils of dinosaur bullshit.

All their dogs are named DINO.

Tue, 09/13/2011 - 17:32 | Link to Comment Long-John-Silver
Long-John-Silver's picture

increasingly rubbery and distracting lips - not in an attractive way

Botox use is obvious.

Tue, 09/13/2011 - 17:58 | Link to Comment High Plains Drifter
High Plains Drifter's picture

back when cramer had a hedge fund, she was one of his liars that he used  to foment and spread rumors via her job at cnbc , in order to help him profit.......etc............

Tue, 09/13/2011 - 17:26 | Link to Comment WestVillageIdiot
WestVillageIdiot's picture

I know some old guys at work that really like Maria.  I think they would fuck a canned ham if they had a chance.  I guess that is the only demographic she can capture nowadays.  Anybody that doesn't need a Viagra cocktail to get a woody probably just sees her for the stupid sellout bitch that she is. 

Tue, 09/13/2011 - 17:32 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

I am VERY PLEASED that Tyler has given Europe a lot of attention.  Europe is so tied to us, and we to them.  Our fates will likely be the same.

I also appreciate (and try to commend whenever I remember) our contributors from Europe.  Way to go guys.  Keep the information flowing.

Tue, 09/13/2011 - 17:23 | Link to Comment I am a Man I am...
I am a Man I am Forty's picture

everything that I have been saying for the last 2 years

Tue, 09/13/2011 - 17:23 | Link to Comment MichaelG
MichaelG's picture

FROSTIES' TIGER SAYS: THEY'RRRE GRRRRREAT!

Tue, 09/13/2011 - 17:24 | Link to Comment tekhneek
tekhneek's picture

he's wrong.

Tue, 09/13/2011 - 18:34 | Link to Comment disabledvet
disabledvet's picture

He's a billionaire. Now tell us more about your techneek (sp?). Enquiring minds want to know.

Tue, 09/13/2011 - 18:50 | Link to Comment tekhneek
tekhneek's picture

ah yeah. I didn't get that memo:

if (billionaire) {

chance of being wrong = 0%

} else if (millionaire) {

chance of being wrong = 0%

} else if (net worth < 999999) {

chance of being wrong = 100%

}

got it.

Tue, 09/13/2011 - 19:00 | Link to Comment TwelfthVulture
TwelfthVulture's picture

He's a billionaire who made his billions by investing.

 

fixed it 4 u

Tue, 09/13/2011 - 17:26 | Link to Comment Dan Watie
Dan Watie's picture

That's boring. I like when they have Barton Biggs on. Then you know its a bad day.   I, I, I. I DON'T SEE A BOTTOM!! Maybe tomorrow we'll have the Barton Biggs Show.

Tue, 09/13/2011 - 17:25 | Link to Comment Toxicosis
Toxicosis's picture

What is he smokin??  Canada run well??  Interest rate rise in U.S.??  He must think Ponzi finance either doesn't exist or isn't global.  Up here in the so called great white north we are indebted up to our eyeballs in personal, municipal, and especially here in Ontario.....debt.  Without our ability to keep exports up to the U.S. we snap like a dry twig.  Most of our manufacturing jobs have gone to Asia, our socialized health care system is and will bankrupt the provinces, and our housing bubble is just aching to explode.  Yep he's bang on all right, should just keep jacking up that visa and mastercard bill and just pay the minimum every month just to make him and them look good.  What a fucknut!!

Tue, 09/13/2011 - 17:28 | Link to Comment WestVillageIdiot
WestVillageIdiot's picture

Being a little unfair to fucknuts?  Aren't you? 

Tue, 09/13/2011 - 17:33 | Link to Comment Toxicosis
Toxicosis's picture

Oh yes you're right.  Sorry about that.  I got carried away living up here with my polar bears and my igloo.

Tue, 09/13/2011 - 17:50 | Link to Comment dpr10
dpr10's picture

Ok most of what he says is questionable..but don't we expect bond vigilantes will go after us sooner or later..meaning much higher rates..

Tue, 09/13/2011 - 18:02 | Link to Comment gmrpeabody
gmrpeabody's picture

Yes..., sooner or later they will be here.

Tue, 09/13/2011 - 18:07 | Link to Comment Toxicosis
Toxicosis's picture

The rates of virtually every country will go into the stratosphere only if they don't reset the system and introduce a new world ordered currency.  This shit they propagandize now in the financial markets and in world governments is a ruse.  Every country is headed for bankruptcy if their debts exceed they're ability to pay and thus rates would in a cause and effect system based on reality go up.  However, these fuckers who pull the strings and manipulate the markets and statistics won't allow the checks and balances to take effect.  It's all about control my friend, all about control.

 

Here I think SCOOBY DOO says it better than me;

 

http://www.creditwritedowns.com/2011/03/bond-market-vigilantes.html

Tue, 09/13/2011 - 18:45 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Canadians avg 25K in consumer debt (minus mortgage debt). BC leads the way with nearly 37K a person.

Yes, that's on top of a housing bubble in many big markets like Vancouver (paying 11x earnings).

It's a fuckan joke...people are buried in debt in the Great White North. 

Tue, 09/13/2011 - 18:54 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

Yes, and this guy admitted that 'I got hammered shorting Ts'... So, has he figured out that the Fed is levitating Ts? ... and levitating everything else that the Fed deems appropriate?

I wonder if he has tried eating an IPad?

Tue, 09/13/2011 - 21:43 | Link to Comment IQ 145
IQ 145's picture

LOL ! I wish somebody would ! My two cents worth is in trading it's all about what have you done for me lately? I'm happy and feel warm all over for these guys that made money, somehow, long ago, in a different universe; but Mr. Short Treasury Bonds, NOW!; just doesn't have any credibility. I can't make head or tails out of the post; I think he might be a little past it.

Tue, 09/13/2011 - 23:02 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

"bond vigilantes"

LOL.

Tue, 09/13/2011 - 20:33 | Link to Comment GoinFawr
GoinFawr's picture

Hey Toxicosis, if less than 50% (avg.) of provincial tax revenues go towards the health care system you're disparaging (and every Canadian I've ever met prizes), how exactly does that lead to bankruptcy? At least you Canadians are getting something tangible for your tax dollars other than foreign wars you started under false pretences, no?

Housing bubble in Vancouver and a number of other places, tres oui.  Also, like you say, Canada doesn't do as much manufacturing of finished products these days; so being basically a raw material exporter their market is the world, not only the US as you state.

 It seems  you may be  suffering from a touch of 'it has been scientifically proven that Toronto is the centre of the universe' syndrome, another thing I encounter a lot in Canuckistan.

As for why your country is running deficits, you need to look no further than who you have allowed to Govern your central bank, and the pathological liars you gave a majority to in the spring.

OTOH, as long as the GWN is willing to give away all its nonrenewables at a royalty rate that makes almost every other oil producing nation laugh, and pay out of your own pocket to clean up the mess afterwards to boot, it sure as hell suits me, suckers. 

Heh, eg. the most expensive place in Alberta to fill up your F350 is 20km from where the stuff is steamed out of the ground. What a bunch of rubes.

Entirely OT: My avatar seems to have reverted to an earlier, more devilish illustration, Tylers making an executive decision about my image?

Tue, 09/13/2011 - 21:34 | Link to Comment Yen Cross
Yen Cross's picture

   You were never one to be " Told Off"...   Avatars are old hat! Keep the good post's coming!

Tue, 09/13/2011 - 21:46 | Link to Comment Toxicosis
Toxicosis's picture

Uhhhhhhh.........First you must not know all Canadians as many of them leave Canada to use the American disease care system.  Our disease care system has some massive wait times and the quality of care is even noted by the outgoing head of the CANADIAN medical association who is on record spouting that OUR health care system is "fractured, broken, and in distress".  Thus you must also be smoking something.  I am on the front lines dealing with the sick public everyday and hear their stories of personal and regrettable and at times frustrating and objectionally ridiculous experiences at the hands of our great and powerful medical system.  As I stated the provinces are moving towards bankruptcy since close to half of all of our budgets are just for healthcare expenses.  Future projections place provincial budgets needing close to almost 100% of the revenue by 2025 exclusively being allotted to healthcare spending.  I'll provide references if you want them.

Secondly since we export close to 75% - 80% of our raw materials and products to the USA, I daresay that we ship not so mightily to the rest of the world.  And as shipping costs rise due to money printing here and all over the world and peak oil makes its presence ever known we had better hope and pray that the U.S. will still need our stuff.  Not gonna happen but you can if you wish, so still keep prayin!  As far as thinking that Toronto is the centre of the universe, uhhhhhhhhhhh......not sure where you got that from- from what I wrote above, so I'll leave the narcissitic bias firmly planted between your ears.

And yes I suppose you should also look no further as to your own central bank and its subsidiaries as to why you have your own gigantic deficits.  But that of course would be naive of me....hint...hint....since our governments on both sides do some real spending of their own as well.  Oh well I guess I'll go back into my oblivious hole in the ground and just hope that your right GoinFawr cause that always puts food on my table.

Tue, 09/13/2011 - 23:44 | Link to Comment GoinFawr
GoinFawr's picture

"First you must not know all Canadians as many of them leave Canada to use the American disease care system. Our disease care system has some massive wait times and the quality of care is even noted by the outgoing head of the CANADIAN medical association who is on record spouting that OUR health care system is "fractured, broken, and in distress". Thus you must also be smoking something."

I wish I had the time. Define 'many' as you see it in the context above, please.  I'd wager that just as 'many', if not more, uninsured Americans cross the border every year to get themselves checked out in Canada.

Erm, and paraphrasing a man hell bent on ruining Health Canada, and probably put at the head of the organisation for that very purpose, doesn't really support your point. Rather, the Canadian system is suffering 'distress', not because of its premise, but because it is being/has been actively sabotaged/undermined by the liars you lot seem to love reelecting (and the private interests that put them there). It's a very old tried and true gambit to create a crisis by scaling back funding for crucial services, diverting them to expensive boondoggles like the Olympics, and then wildly shouting, "Look this doesn't work! The only solution is to privatize breathable air!"

"I am on the front lines dealing with the sick public everyday and hear their stories of personal and regrettable and at times frustrating and objectionally ridiculous experiences at the hands of our great and powerful medical system."

Gosh, well then based on your vague anecdote it simply must be privatized. After all look at how well that system is working out for the Americans: tens of millions with absolutely no insurance whatsoever and their health care costs are still more per capita than anywhere else in the world. Nope, no 'sob stories' like you're pushing emanating from that system are there? Ever hear the expression "Throwing the baby out with the bathwater"? That's you. Whatever you do though, DO NOT LOOK TO HOW THE SCANDINAVIANS RUN THEIR HEALTH CARE FOR SOLUTIONS! That would simply be blasphemous; everyone knows that only the US has the correct answer to any given question!(sarc)

Hell, I can do anecdotes too: my experience with Canadian health care has been first hand as well (occupational hazards) and it has been excellent everytime, world class even, contrary to your assertion. Granted I did not require an MRI or a hip replacement, but it's not like I was left to bleed to death either. Just got lucky a bunch of consecutive times, I guess.

"Secondly since we export close to 75% - 80% of our raw materials and products to the USA, I daresay that we ship not so mightily to the rest of the world. And as shipping costs rise due to money printing here and all over the world and peak oil makes its presence ever known we had better hope and pray that the U.S. will still need our stuff. "

Peak oil? Well, mb for the world, but not for Canada, you've got puhlenty. And that "75%-80%" needs a qualifier: as of right now... it's funny how businesses that produce internationally highly valued raw materials will change their clients based on whether or not they can actually afford to pay their bills. IE Canada has stuff other countries need. You could always try manufacturing your own finished goods for domestic consumption like you used to do in the 60's too.

The question really is whether or not you will allow the PC's to sell you out John Perkins style as they have been in the process of doing since Brian Mulroney (From your tone I'm guessing that you would answer a giant unwitting YES along with the other 6 mil Canucks who voted for Harper's Cons).

"And yes I suppose you should also look no further as to your own central bank and its subsidiaries as to why you have your own gigantic deficits..."

 You assume too much. In fact after a weak attempted deflection like that you seem more American than Canadian to me, truth be told.

Regards

Tue, 09/13/2011 - 23:59 | Link to Comment Rodent Freikorps
Rodent Freikorps's picture

Who is he going to believe, you or his lying eyes?

 

Wed, 09/14/2011 - 00:59 | Link to Comment GoinFawr
GoinFawr's picture

'Lying eyes'? Nah, more like a wilful blindness. You know, the same psychosomatic condition you suffer from.

So, just sniping, or did you have something actually relevant to add?  Yeah, somehow I didn't think so...

@Toxic

 "As I stated the provinces are moving towards bankruptcy since close to half of all of our budgets are just for healthcare expenses."

And as I stated: at least Canucks are getting some value for their tax dollars. Also a quick question: if you have 100,000 units of currency, and I take half of them to provide you with an invaluable, life-saving service or product, does that leave you bankrupt? 

PS Yes, I would love to see  your references for those 100% projections, please.

Wed, 09/14/2011 - 01:44 | Link to Comment Toxicosis
Toxicosis's picture

Well here are the references you are looking for.  And yes these are the references you are looking for:

 

Health Canada – Science and Technology Foresight Workshop
In December 2009, Clem Bezold delivered a keynote speech on "Healthcare 2030" for Health Canada, the health ministry of Canada.  Dr. Bezold highlighted the significant promise from health science and health technology, such as: advances in our understanding of disease and prevention; cures for cancers, diabetes, and other chronic diseases; new understanding of ageing and how to slow it down; and a recognition of social determinants of health and how to change them.  At the same time, Dr. Bezold pointed out that health care systems are unsustainable and sometimes toxic.  Both in the United States and Canada, healthcare systems are on track to break the bank.  The U.S. Medicare program is likely to be insolvent before 2020.  Provincial budgets in Canada, similar to U.S. state budgets, include significant healthcare spending as well.  For example, 42% of British Columbia's 2005 provincial budget was spent on healthcare, and by 2017 this spending is estimated to be 70%.  Regarding healthcare system toxicity, in the U.S. 98,000–200,000 people die prematurely each year because of medical errors.  And pharmaceutical use generates significant side effects and costs: in 2000 there were $148 billion in pharmaceutical sales in the U.S. and an estimated $177 billion spent on healthcare expenses from pharmaceutical use in the ambulatory setting.

http://www.altfutures.com/public_health

 

 

Health spending, which is administered by the provinces, has increased from nearly 35% of their budgets in 1999 to 46% today. In Ontario, the most populous province, it is set to reach 80% by 2030, leaving pennies for everything else the government does, not counting tax increases or new federal transfers. The biggest culprit is prescription drugs, which have seen their share of public-health spending triple since 1980.

http://www.sindark.com/2010/07/21/health-care-provincial-budgets/

 

Oh yes and the answer to your question.  It may not bankrupt me now, however, it may, do to much higher taxes bankrupt me and someone else fairly soon.  If you wish to socialize obesity, heart disease, drug and medical apparatus companies, and a whole host of other questionable ills, be my guest but get your own wallet out, because I already pay money to look after my health, and save money by not abusing it.

Wed, 09/14/2011 - 10:53 | Link to Comment GoinFawr
GoinFawr's picture

So, some blogger quoting The Economist  and Clem Bezold hunh. Now remind me, who's on Alt. Futures client list again?  And I wonder where The Economist's loyalties LIE, hummmm.

"The biggest culprit is prescription drugs, which have seen their share of public-health spending triple since 1980.

"Both in the United States and Canada, healthcare systems are on track to break the bank

Funny, both he and you neglected to mention Sweden, Finland, Germany or Norway on this thread, I wonder why? Could it be because even a cursory glimpse at any one of their publicly funded yet widely successful, highest quality health care systems will utterly waste your 'private is better' supposition?

 

This is the best you've got Toxic?

Wed, 09/14/2011 - 01:04 | Link to Comment Toxicosis
Toxicosis's picture

And who pray tell is making assumptions here.  Albeit medical tourism ultimately occurs on both sides of the border, Americans by far come for the prescription drugs, NOT for the surgery.  And since in Canada and the provinces you need a government issued health card to acquire covered health care services.  We do not have an exceptional private base or private health care system here.  As an example in Ontario;

Eligibility

Ontario residents are eligible for provincially funded health coverage (OHIP). Generally, to be eligible for Ontario health coverage you must :

  • be a Canadian citizen, permanent resident or among one of the newcomer to Canada groups who are eligible for OHIP as set out in Ontario’s Health Insurance Act ; and
  • be physically present in Ontario for 153 days in any 12-month period; and
  • be physically present in Ontario for at least 153 days of the first 183 days immediately after establishing residency in the province; and
  • make your primary place of residence in Ontario.

OHIP coverage normally becomes effective three months after the date you establish residency in Ontario. The ministry strongly encourages new and returning residents to purchase private health insurance in case you become ill during the OHIP waiting period.

And;

How Much Money Does Canada Make on Medical Tourism?

Medical tourism is a growing field, however it is not a new field.  For many years Americans have been making the trip to other countries such as India and Thailand, combining a bit of vacation with a bit of necessary health care, health care which they can not afford to receive in the United States either due to insufficient health care coverage or lack of health insurance all together.  Some Americans wanting surgery that is considered elective and therefore not covered under insurance plans, or those wanting surgeries that are not approved in the U.S. have also made the trip to foreign countries to get what they want, and also what they need.  One man needing a triply bypass heart surgery was told in the States that it would cost him $200,000.  After some research he found that he could travel to India and have the procedure performed for $7,000, by some of the top heart surgeons in the field.  His trip, the airline tickets, the hotel rooms and the surgery was less expensive than remaining in the States.

Two countries bordering the United States, Mexico and Canada, have seen a rise in the number of American citizens crossing those borders to find health care.  Many will travel to Mexico where the cost of dental work is 25% of what it is in the U.S.  In Canada, the government has in the past, not been so welcoming to Americans seeking health care in their country.  However, many Americans now will buy their prescription medication from Canadian pharmacies, either by crossing the border or ordering it online.

It is estimated that Americans spend $1 billion dollars each year on their prescription drug purchases in Canada.  Many Americans too, have traveled to Canada for treatment using medical marijuana, for illnesses such as cancer, glaucoma, multiple sclerosis and AIDS, however due to the fact that it is still illegal throughout most of the United States this kind of medical travel to Canada may no longer be an option.  One entrepreneurial doctor has offered simple surgeries to Americans, however the entire country has not yet found this acceptable, so it is difficult to estimate just how much the country is profiting by the industry of medical tourism.  One thing is certain, and that is until Americans can afford health care in their own country, these medical vacations will continue to grow in number as they seek out the care in which they need.

And you also have proof of this-

"""Erm, and paraphrasing a man hell bent on ruining Health Canada, and probably put at the head of the organisation for that very purpose, doesn't really support your point. Rather, the Canadian system is suffering 'distress', not because of its premise, but because it is being/has been actively sabotaged/undermined by the liars you lot seem to love reelecting (and the private interests that put them there). It's a very old tried and true gambit to create a crisis by scaling back funding for crucial services, diverting them to expensive boondoggles like the Olympics, and then wildly shouting, "Look this doesn't work! The only solution is to privatize breathable air!""""

Do you assume that medical procedures in either the U.S. or Canada and drug therapy is really correcting or curing what ails the population.  The costs of palliation are enormous and they start with children as young as a day old and certainly as they grow older the palliation and drugging of them and teenagers and adults has become rampant.  Pharmaceutical corruption occurs on both sides of the invisible border, 100's of millions is spent on cat scans, MRI's, ultrasounds, blood tests and the like and though nothing is found the patient still complains of being ill.  So they drug em, tell em it's all in their head and put them through the spin cycle of the revolving door of guessing and medical mishaps.  Patients and the general public all too often do not look after themselves.  They drink heavily, smoke heavily, gluttinously overeat, commit to no physical activity, and still look for the system to bail their ass out but had no problem spending the money getting there.  A private system forces more people, if they actually give a shit about their health, to become more personally responsible for their health.  People can still buy health insurance but why should anyone who looks after themselves have to foot the bill for some else's fuckups.  I don't mind, but only if the government comes to your door and collects the ten or so thousand dollars to pay for the dumb shits who wasted their own money on ruining their health.  Their will always be exceptions such as children, or people involved in accidents, or other incidents no fault of their own.  No matter how much money you throw at this medical system it will never right itself. Our tar sands up here are a MINING operation.  They are heavily energy and monetary intensive.  Bitumen must be chemically converted to oil and oil products.  At the most we can extract 3-5mb a day, and that's it.  And as for your comment below concerning who can pay for it or not.  Well unfortunately that's both business and capitalism for you. """"Peak oil? Well, mb for the world, but not for Canada, you've got puhlenty. And that "75%-80%" needs a qualifier: as of right now... it's funny how businesses that produce internationally highly valued raw materials will change their clients based on whether or not they can actually afford to pay their bills. IE Canada has stuff other countries need. You could always try manufacturing your own finished goods for domestic consumption like you used to do in the 60's too. And no I detest Harper with a passion, another stupid assumption on your part.  I am for personal responsibility, how about you.

 

Wed, 09/14/2011 - 01:13 | Link to Comment Rodent Freikorps
Rodent Freikorps's picture

My guess is you are going to get a bunch of new doctors headed your way when ObamaCare hits.

The Dems did not include any malpractice reform, and they are gonna pay even less.

Lots of doctors are gonna retire if they can. Some are just going to go into a more lucrative profession, like plumbing.

Wed, 09/14/2011 - 01:49 | Link to Comment Toxicosis
Toxicosis's picture

Concerning plumbing- True enough. 

 

Wed, 09/14/2011 - 03:04 | Link to Comment GoinFawr
GoinFawr's picture

I hear proctologists are naturals in that field.

Wed, 09/14/2011 - 03:05 | Link to Comment GoinFawr
GoinFawr's picture

dup.

Wed, 09/14/2011 - 03:08 | Link to Comment GoinFawr
GoinFawr's picture

 

"Patients and the general public all too often do not look after themselves. They drink heavily, smoke heavily, gluttinously overeat, commit to no physical activity, and still look for the system to bail their ass out but had no problem spending the money getting there. A private system forces more people, if they actually give a shit about their health, to become more personally responsible for their health."

lol. Would you say worldwide obesity stats back you up on this?

 MS, cancer, parkinsons, et al often have little to do with lifestyle choice. I know a Canadian woman who treated her body like a temple and still took ten years to die of a vicious brain tumour. What the hell did that have to do with 'personal responsibility'?   Ans. Nothing, nada, zilch, nicht, naught. Everybody gets sick eventually, vegan yoga 'Runners' magazine subscriber or not. At least you can concede that children shouldn't be subject to your exacting standards...

"...why should anyone who looks after themselves have to foot the bill for some else's fuckups."

"I know, you think that you're going to be six years old for the rest of your life."-Calvin's Dad

The  issues you're talking about can be addressed by a combination of education and taxation. Eg, Even in France you're not allowed to smoke in Church anymore (not sure about Quebec on that one yet, though), and as a result of taxation smokers in a lot of countries contribute more revenue than non-smokers, drinkers too, covering the extra costs of dealing with their health issues. Hell, not all, but some even die more quickly as a result of their riskly behaviors,,,You see how that works?

Private insurance's first concern is maximizing profit, not saving lives. That means paying out as little as legally possible and charging the maximum anyone can pay. Private insurance has been proven to have MORE bureaucratic expense than public systems, though I admit it is difficult to ascertain to what degree because they are, after all, private businesses. OTOH, every penny wasted in public systems is in plain sight for the likes of you to complain about. Eg. Guess what kind of system the country that pays the highest amount per capita for health care has....and that in spite of having more people uninsured than the entire population of your country (you got that, right?)

As for "and you also have proof of this-":  evidence of the ol' glazzies droogy. You can't be looking too hard if you've missed it. Why exactly do you loathe Mr.Harper and his clan as much as you claim, anyway?

I wasn't just joking when I suggested you look to Scandinavia for guidance on this one. Or is it your plan to simply ignore success and spam me into submission with the same old tired 'rah rah private health care shish koom ba" rote?

 

Tue, 09/13/2011 - 21:19 | Link to Comment Dick Fitz
Dick Fitz's picture

Toxicosis-

I had to argue with my college ex (long, fun, wedding weekend that sparked a LOT of old seemingly dead feelings...) about the state of Canadia, esp. W/R/T health care. Damn socialist vegetarian. If the sex wasn't so good I'd of...well, I'm still a little in love. Fuck.

Anyway, I think you're spot on about Canadia, esp. W/R/T housing and debt and exports. They live and breathe on the health of the US, like an epiphyte, and if we wither then they die.

Tue, 09/13/2011 - 17:27 | Link to Comment kito
kito's picture

this guy is wayyyyy tooo bullish......he gets me depressed ;)

Tue, 09/13/2011 - 17:29 | Link to Comment WestVillageIdiot
WestVillageIdiot's picture

There were still a lot of bulls in August 2008.  Not so many by November 2008. 

Tue, 09/13/2011 - 17:50 | Link to Comment jdelano
jdelano's picture

When sharks stop swimming they die. Same with bulls and shitting.

Tue, 09/13/2011 - 18:22 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

+ 1 for the visual.

Tue, 09/13/2011 - 21:24 | Link to Comment Dick Fitz
Dick Fitz's picture

Damn, Kito, smart and sexy...you single?

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