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This Is Where "The Money" Really Is - Be Careful What You Wish For
We have long shown that "investors" whatever that term means in the New Normal - those gullible enough to put their money in Bennie Madoff, pardon Bennie Bernanke Asset Management? - have been not only reluctant to put their money into stocks, but despite week after week of artificial, low volume highs, driven entirely by Primary Dealers (and now European banks post the $1.3 trillion in LTROs, not to mention even foreign Central Banks recently buying high beta stocks) spiking the market ever higher courtesy of record reserves, but in fact continue to pull their cash out of the stock market with every thrust higher. Why, just last week another $1.4 billion in cash was pulled from domestic equity funds, nominal Dow 13,000 be damned. The truth is that the banks are desperate to start offloading their risk exposure to retail investors, and instead of selling, are furiously trying to send the market ever higher just to get that ever elusive "investor" back: just look at how much the market rose by last week, CNBC will say: do you really want to be out of this huge rally? Alas, the damage has been done: between the Great Financial Crisis, the Flash Crash, a massively corrupt regulator, rehypothecating assets that tend to vaporize with no consequences, and a central bank which effectively has admitted to running a Russell 2000 targeting ponzi scheme, the investor is gone. But what if? What if the retail herd does, despite everything, come back into stocks? After all the money is in bonds, or so the conventional wisdom states. What harm could happen if the 10 Year yield goes back from 2% to 3%, if the offset is another 100 S&P points. After all it is good for the velocity of money and all that - so says classical economic theory. Well, this may be one of those "be careful what you wish for." Because while investors have indeed park hundreds of billions out of stocks and into bonds, the real story is elsewhere. And the real story is the real elephant nobody wants to talk about. Presenting: America's combined cash hoard, which between total demand deposits, checkable deposits, savings deposits, and time deposits (source H.6), is at an all time high of $8.1 trillion.
Indicatively, this consolidated number was a modest $5.9 trillion the week when Lehman failed. In other words, in the period in which the Fed dumped $1.6 trillion in cash on Primary Dealers' balance sheets, and gave them a carte blanche to buy NFLX, AAPL, and Crude of course, which they did in keeping with the Fed's Global Put mandate, i.e., no bank will ever fail again, American consumers added $500 billion more than even the Fed parked with the banks, or $2.2 trillion.
And therein lies the rub. As a reference, America currently has about $1 trillion of currency in circulation. If, and this is a big if, the gullible US consumer-cum-New Normal investor, does fall for the oldest herding trick in the book, and not only converts their bond holdings but their cash holdings into stocks, which in turn goes right into money velocity, into currency, and thus, into inflation, America may promptly find itself with the most unprecedented inflationary outcome it has ever experienced. Because while the Fed may have control over Excess Reserves, or so it believes, via the interest charged on overnight reserves, it will have absolutely no control over the herd mentality and the avalanche of money, should it proceed to rotate not so much out of bonds into stocks, but far more importantly, out of electronic cash (which for all intents and purposes is the US M2 these days), into the stock market.
Crude at $200 will then be the least of everyone's concerns.
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Oil, commodities and food all going up. A lot higher the next 4 years. Bernanke and the Fed money will raise speculation to a new euphoria. Bernanke is going to make Geedscam's bubbles look extremely small.
I think what is worrying the big boys is that the fact that there are not many new entrants to buy out the share portfolios of those who are retiring and need to cash in to survive.
we are giving up our fuking jobs to the utes!
Robot Quadrotors Perform James Bond Theme
http://www.youtube.com/watch?v=_sUeGC-8dyk&feature=youtu.be
.
Goldfinger - Open Your Eyes
http://www.youtube.com/watch?v=Xzwi_A0v6ow
.
goldfinger trailer sean connery
http://www.youtube.com/watch?v=XRmLjheB16Y
.
" oo7, it spells bond " that is what they say.
and now they have the little quadrotors invading
the entertainment field and who knows what else? sheesh
what a mess
Euro up. Dollar down and suprise market flat.
That is different than usual.
CNBC has negative articles on ITS website. Maybe they feel guilty.
Tyler,
Where did people get $2 trillion in 4 years? That's some serious saving we all did.
- Asked the same question and got no answer.
"For a dumb person can someone tell me "Who are the American consumers that added $2.2 trillion, and where did it come from?"
I thought the consumer was poorer since 2008?
J6P is broke.
The 1% used the QE juiced markets to multiply their wealth.
American middle class is now extinct. If you still have "it" and your savings have multiplied over the last 4 years, you are "the top".
Everyone else is bottom feeding peons.
qe. debt "money" must correlate with fed and
treasury debt. taxpayer's obligation in the future
is the largess of the deposits handed to the banking
system for systemic soundness or solvency, that's my
guess. then again, who can tell their liabilities from
their assets anymore? and that has always been difficult.
..
can this 2t be rehypothecated some more or is it the
result of prior rehypothecation? that is the question.
to rehypothecate or not to ....
this graph is the fruit of participation by the fed
in a once in a century control fraud operation by the
central bankers of the fiat world. imho
private corollary to the public debt fiat gold mine.
the "market" and its contents used to launder qe
from the fed through institutions to the insiders of
those institutions. another "legal" stealing scam that
blatantly violates the purpose and publicly stated goals
of the institutions involved.
if it weren't for control fraud the fed wouldn't have any
control at all.
ZH keeps topping it's self. Outstanding article. This over bid market is a bull trap for retail investors which will be strip mined once the correction takes hold. The Fed and goverment not only will rob you via inflation but forces spec trades - and Wall Street is trained to fleece suckers.
If oil hits 108 110 and UST 10yr blows out 3% this market will fall hard.
Is gold (and silver) no longer cash for this purpose
Talk to your bullion/coin dealer and you will see how liquid an asset they are.
Gold and Silver are money.
That being said it is still appropriate to have some FRN's lying around. Just not too much.
Agreed.
If you do deep research over multiple currency collapses they all have one common factor.
The new unit of currency ,whatever its called,alway has a small limit of total old units that can be
converted. ie 1 new unit for 1000 old units.Max. 100,000 is typical.Strictly enforced and you have
prove how you came by them.Wipes out the Black market for a while.
Exactly, PDs keep on marking up stock prices in hopes of high stock prices and corrupt media hype (CNBC and ABC) will lure in new retail bagholders.
PDs are approaching their leverage limits and desperately need to unload equity inventories sitting on their books (in particular if interest rates start to move higher).
Here is a champagne liberal, Diane Sawyer, faking she is surprised by Obama's "Recovery Board" opinion (as if she did not know about it before the show).
http://www.youtube.com/watch?feature=player_embedded&v=p_O5eBp72KU
The boys at the FRBNY just read this and said, "Let's go!" That Tyler is full of great ideas!
Git along, little doggies!
Show me the money.
http://www.youtube.com/watch?v=mBS0OWGUidc
Basically, all 'investment' activity is risk management.
Cash used to be an 'inflation risk' investment. Now it is also banking collapse or central bank screwing about risk, so you have to put some in a mason jar or home safe.
Bonds are interest rate risk (classically) - now you have to include Bernake (political) risk.
Stocks were valuation risk (hahahahahahahahahahaha) - now it is whatever the fuck the HFTs/dark pools/huge hedge funds and shadow banks are gonna do.
PMs are, as always, sort of a psychological risk of what the muppets believe.
To me, that leaves investing in real stuff close at hand - land, food, good neighbors - maybe some self-defense weaponry as well; and trading stuff: silver (more liquid than gold locally for daily/monthly needs if TSHTF), booze, even Ferns if the banks go down will probably work for awhile, food, fuel, like that.
I'm probably wrong about most of this, but that is where I'm at. I'm also off the grid, BitCheZ.
We go off the grid regularly when tornadoes tear the wires apart.
You think they will wise up and bury the shit properly but no....
Gold for Bread
http://www.youtube.com/watch?v=7ubJp6rmUYM
You forgot a half trillion in privately held precious metals, locked away in gun safes across the great fruited plain that will never go back into stocks. Or bonds.
The way to "lure retail investors back into the market" is very simple: Have a real market instead of a computer game and "permit" investors and traders to buy the stocks they really like, without HFTs and dark pools automatically selling against them.
For every PPT in the world: Here is the tried and true scenario for sustainable rallies since the Great Crash: Let the Gold stocks and Silver stocks and Energy stocks and Resource Currencies and Yen and Yuan and Euro - no matter how much you hate it - go UP, and the general market will rally. ALWAYS.
You are NOT going to bamboozle anybody into going back to 1997 and the Deification of Emperor Dollah! Dollah! Dollah! at the expense of everybody else and get away with it.
In fact, I have a very easy solution to guaranteeing a fair and neutral market in which retail investors and other sideline money will want to participate: Let the Men in the White Coats do a full clinical psychological evaluation of Larry Kudlow - and maybe several other CNBC'ers - and take them away to nice rubber rooms where they can no longer hurt most market participants, current or future.
Two things.....I bet a lot of that money stashed is from the EU people....Greeks..Italians...Spanish...keeping it safe....
Secondly....that Facebook IPO is going to the Moon....Apple is cooked...maybe another $100...but Facebook...$you could see $1000
PM´s are quietly being bought up by the Asians......very quietly...
Good comment, but the Asians are not the only guys buying PMs. All I have left inn the casino is oil and mining plus a little sugar. Everything else is going physical. I went to the local shop the other day- no silver, except culls, which happened to be what I was actually looking for. There was one lonely gold bullion coin left, so he came home with me.
The market needs new suckers. The old suckers got smart and got out. The problem is the new crop of potential suckers have negative discretionary income. As an example, my wife's coworker claims she would be 'investing' in stocks if she had an extra $500.
The bloodsuckers have killed the host. That's why they look to big government to force new taxes and new debt onto taxpayers, in which the bloodsuckers get to feast on.
as freddy krueger says, "How sweet, fresh meat!"
+1 for the term "negative discretionary income".
...right there in the sentence before its synonym, "wife"...
"...keeping with the Fed's Global Put mandate, i.e., no bank will ever fail again..."
More like no bank with more than $5 billion in assets will ever fail again. The Fed was created, in part, because local competition from community banks was threatening the big banks' profits. Every week, at www.fdic.gov you can see the very real failing of community banks that were never bailed out. It's never reported by the MSM. To make matters worse, the FDIC all but stop accepting new bank charter applications in 2009. Last year, 1 new bank was opened in the US. Make no mistake about it, capitalism in the US banking industry is done for good. When the dollar finally collapses, the rest of the suffering community banks will be forced to close. The TBTF banks will be bailed out again and in a matter of a few short years there will be very few banks left. When? Who knows? Maybe not for another 5 years, but it's going to happen. This is the real fleecing of America. The slow and silent nationalization of our banking system. Buy PM.
If you really want to get pissed off, look at the deals the elites get from the FDIC with all kinds of guarantees financed by taxpayers. Huge discounts on assets, and loan guarantees.
I wish it was nationalisation.
Its not,its a reverse takeover of govt. by the banks.
http://jessescrossroadscafe.blogspot.com/2012/03/bill-moyers-journals-cr...
Low money velocity is the last thing holding back the inflation levee.
cash out of the bank! and to make this more fun & interesting we should ALL do it together to our friends the banksters...
8.1 trillion buck$ could buy up the entire Silver market with a big wad of cash left over.
It would also collapse the banks unless Shalom printed another 7 trillion for them.
Hey is tulving stil a good place to buy and all purchases then are common knowledge? How and where to buy , any help?
"The pipes must be unclogged?" Yes that right King Henry? "The pipes are unclogged?
Pardon my ignorance but who is it that benefits from going to war with Iran?
Central banks, Israel, The GOP because it will be on Obama's watch even though they want it just as badly if not more, The Military Industrial Complex, etc etc etc the list goes on and on.
I noticed stock prices were down for LMT, RTN, BA, GD, NOC from mid 2002 to late 2004. I guess the profits dont show up for a while until after the war starts?
"but far more importantly, out of electronic cash "
This is the central unspoken question, and the practical difference between today and Germany pre Weimar/Hyper-inflation; back then money was printed and put into the banks & public's hands. Literally.
Today, it's all digital.
So, theoretically & practically it is different. The Fed does not have to go out and collect wheel barrel's full of cash.
Will the delete & back-space buttons work?
Will, people fearing hyper inflation collapse, right before the end exponentially run up their credit cards thinking after the collapse the debt will become meaningless? If everyone were to do so simultaneously, to get hard assets, what would happen after the currency collapse and collapse of the gov. that would enforce the debt?
Think it can't happen? Islam spread, partly because the new government forgave all debts to anyone who converted. So, run up the debt right at the end, out of fear or greed, and what effect will that have on Uncle Ben's "speed of light" ability to contract the currency?
The fact is, the ass-clowns at the Fed, and as I type I sit only a few streets away from a Fed Bank..... These arrogant ass-clowns DO NOT KNOW WHAT WILL HAPPEN.
But hey, money is no longer, even in its lowest form, merely "just paper".
It's just a mark of belief writ so small man can never, thanks to the Heisenberg Uncertainty Principal, see or measure.
It's the spin of a valence shell electron.
Gives a whole new meaning to "Fed/Bernanke Spin"...
But it's so close to the truth, they ignore it even to the possibility of conception.
Question - does "funds" include EFTs? Could a portion of the money leaving mutual funds be flowing into ETFs due to the lower fees?
Peons lined up over ten hours to get their hands on that brand spanking new iPad which is same as the old iPad but with better screen resolution and better processing.
They cheered as they were allowed to be the first to fork out $900 and hold that precious new iPad.
We are far from being done. The banking filth, their propaganda whores and the snake-oil peddlers have YOU, yes that's YOU exactly where YOU need to be.
GULLIBLE, DEPENDENT, MINDLESS, SHIT WITH GIGGLES HAPPY TO ADD TO THEIR WEALTH.
I don't think there's ever been a time in the history of mankind where the slaves, suckers, servants were so complacent, so understanding and so enabling to their OVERLORDS!
Ha! I'm going to sell bridges, folks! Lots of bridges! Who wants in? Who wants to line up to have a stake in their bridge? This is the absolute freakin' nightmare. I want a new country, make that a planet, stop make that a new universe!
HOW CAN YOU BE SO STUPID!!!!! YOU FUCKING MORONS STANDING IN LINE TO BUY A TOY THAT COST $30 TO MAKE IN CHINA AND HAPPILY FORK OUT $900 ??? THAT'S ALMOST 3000% MARKUP!!!! YOU BAFFOONS!
"Top 5 Places NOT To Be In A Dollar Collapse"
http://www.youtube.com/watch?v=yKB07SImil0&feature=player_embedded#!
Lucky Obama. Everything is going his way including the Sept 2008 crash that caught hapless McCain off-guard. Now Obama is going to benefit from a roaring stock market. The man should be called "Lucky Obama."
Martin Armstrong says Mr. Market is off to the races for the next several years as money rotates from the bond market into stocks.
IF the 1% is allowed to print themselves one paycheque after another and forces the 99% to accept that "funny money" as currency for the labor, the talent, the goods and services of the 99% then .. YES
It can go on forever and ever until there's discontent among the top 1% and one of them had enough of PRETENDING.
Unlucky Obama. James Sinclair says that the Swiss and Germans who want their gold back are encountering delays from the Fed, and its New York branch in particular.
Obama is a charmer. I quite like him, but he is just another ambitious politico, schmoozed by the Trilateral Commission, that creation of the old world banking psychopathic class, the Rothschilds and the Rockefellers who hide in plain sight, luring newbies by their marketing arm the Bilderberg Group, into a 'new world order', ruled by the globalist central bank cartel, employing the 'technocrat' politicians, devoid of 'traditional' national loyalty, and served by the 'intelligentsia' in media, law and lesser banks like their favoured agents, Goldman Sacks and JP Morgue.
In New England, we watch and wait. We made the Constitution, and the Declaration of Independence. This land of quiet woods and water is self-sufficient.
In New England, we watch and wait. We made the Constitution, and the Declaration of Independence.
uh, y'all may've made the ink and paper, but those were written by Virginia men.
That's an enormously old-fashioned - and Hollywood - point of view. Almost quaint.
The Empire can't fight back effectively anymore. It just flails these days.
As for the Bilderburgers, if they've invited Charles Krauthammer to their retreats, you know they're totally out of touch with the new reality. Elderly men, playing darts in the inglenook, with their lederhosen - and their ideas - wearing thin.
Venerability:
Who can't fight back "effectively" anymore?
Hollywood point of view?
L.M.F.A.O
Hollywood is the game. (and the 'president').
I might be misunderstanding you? If so then please do forgive me.
Your post though strikes me as seriously fucked up.
"almost quaint"?
How fucking arrogant and full of hubris is that? Sounds sooo obama-ish.
I'll take "old fashioned" any day. Old fashioned as in before the military/industrial 'revolution'?
'old fashioned' as in before Bretton woods?
'old fashioned' as in before Glass Steagall was 'modernized'?
"old fashioned" like before this?
http://www.zerohedge.com/news/numbers-matter-15564809891768-and-8354-bil...
Lucky is one word for it. I prefer to think of it as planned.
Government Explained
http://www.infowars.com/government-explained/
Excellent analysis, ZH, and this:
The NorthEast has the money, and our family descendants elsewhere in continental USA, are not buying the bullshit from the Feds, and the Washington slavery to Goldman Sacks and JP Morgue.
The pretty pets of politics and their fans can enjoy the consequence of their conceit. Their problem, not ours.
The SWIFT ban on Iran is economic war, and those who agree with it are merely silly fools of the Trilateral Commission, the Rothschilds, the Zionists...those freaks who care nothing for jews, gentiles or any other color, creed or religion in pursuit of their 'new world order', ruled by central banks, served by their appointed 'intelligentsia' in government, media, education and law.
This is really nitpicking but needs to be said. Your comment, "After all it is good for the VELOCITY OF MONEY and all that - so says classical economic theory. Here is an undate as provided by the Austrian School of Economics.
To begin with, the "velocity of circulation" of money is a misnomer. It is simply a figure of speech, a metaphor — and a misleading one. Strictly speaking, money does not "circulate"; it is exchanged against goods. Money is said to "circulate" because it changes hands, or, more precisely, changes ownership. But when a house, say, frequently changes ownership we do not say that it "circulates." If we are to apply the metaphor of circulation to money, then we should also logically apply it to goods. For money (except in borrowing or in paying off debts) is always exchanged against goods (or services). Therefore the "velocity of circulation" of money can never be any greater than the "velocity of circulation" of goods.
Read Henry Hazlitt for great articles on subjects such as inflation and the so called velocity of money.
To paraphrase Jim Chanos: Why do we keep talking about assets? How about Liabilities?
Same thing here. Ok, there are 8.1 trillion in "assets", paper or not. How about Liabilites? Liability = Debt = 50 Trillion plus countles layers of re-hypothetication.
I feel for most Stock Market traders. ( EXCLUDING Z/H aficionados)!
Most people don't know how to short markets! They don't understand the dynamics of " BORROWING" , from an entity for future value. Markets need "SUPPLY" from both sides of the trade.
" LIQUIDITY" That axiom is seriously lacking! How do most of the regular posters on this site get anything done?
You people are " FIXED INCOME" lackies that couldn't learn to SKYDIVE or fly an Air Plane. I study charts 24/7. Other than Tyler and guys like Slewie and Sheep Dog, and some other good posters, you are a bunch of pussies!
I like most of the posters on this site. Don't get me wrong. However there are some " BOOKLESS" , idiots with ZERO GAME!
My, 2 cents/sense worth!
Count me with the idiots with zero game. As far as daily trading is concerned I've run out of sperm.
Literally, I can't even watch people on TV doing sky diving. Though, soccer, basketball and chess are really cool.
Slewie and Sheep Dog are really good.
And " Wind TUNNELS" EKM?
The " Book Less" Idiots know who they are. They just migrate from forum to forum.
The bitch about it crew, ( No Solutions and Temperament guage crew,<>)
I can't match your writing skills, not even close. I am an engineer addicted to finance.
What is your educational background?
Same as yours. Air Conditioning Repairman.
LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOL
That's really gooooooooood.
I think Tyler want's a moment with EKM. Sayonara EKM!
Sayonara Yen Cross
EKM. Can you post a link to the 1-30 yr yield curve fron Friday close? EKM can you post the proposed fixing from PBoC into the FED. band wise. EKM who is the premier of China? EKM when does the primier retire. Who is the head of the MoF of Japan and who was she ( is he) meant as a trick question. before the post?
The Minister of Finance, of the Bank of Japan, is the right hand man of the previous Minister and Prime Minister of Japan.
The whole world has become so corrupt, I just feel like crying sometimes.
Our people have become lazy, dishonest, self indulgent pigs and our economy is pure fraud. We start wars to keep the money printing going and well over 80% of the people on this planet are on some form of welfare or charity. Humanity had such potential, but instead chose the easy way out.
This is the demise of our species.
http://www.amazon.com/Simple-Wealth-Mr-Andrew-Costello/dp/1463523017/ref
AndrewCostello is corrupt.
Actually, I was thinking that all that cash parked electronically was a signal of one foot out the burning theater's door, which creates the opposite problem: bank run.
After all, if you are in stocks, it's a two step process to convert the virtual wealth plus a settlement period to get to hard assets.
I'm having a dinner that would make the elite proud of me(till they want me dead anyhows): A mexican banquet tv dinner and a box of mexican rice. Of course I ruined the elite's 400 calorie daily allotment when I smotered it in cheddar cheese and ortega sauce. Then my wife brought me her left over la choy chow mein.
No, we don't always eat like this. Been out in the yard working, drank a couple beers, tired.
Now tommorow night is a different story......I have 24oz porterhouses in the fridge and crab legs in the freezer. I'll probably get thrown in a FEMA camp for eating like that.
Coiled, the whirlwind is.
inflationary pressure from the over liquidity.
http://www.cnhedge.com/
http://www.jinrongbaike.com/
South Park - INVASION
When central planner’s impose frivolous laws & the peeps comply, the central planners don’t receive extra tax revenues as forecasted by a think tank group. The wash, rinse and repeat cycle occurs.
That's not South Park, that's a CBO orientation film.
This isn't South Park gentlemen. You better watch bond yields closely. I'm going back to Asia Sunday morning.
OIL is the issue. And take that lying asshat ekm with you on " Trash Monday". Basement fodder.
Have a safe trip, keep us updated. BTW, we are poking fun at the stupidity of individuals who attempt to think they control the muppets.
Thanks Atomizer. Will do. I got your JOKE, and I laughed.
The Wild West All of you, will love this tune!
Love MC Lyte. 'Act Like You Know' one of the best rap albums.
I liked Kool Moe Dee doing Wild Wild West back in the day. Still have that one in my head.
There is a lot to watch these days. Stay safe.
If you are in the mood, consider this: When might global oil markets simply break down? We could see Eurasia and the Americas part company on prices, depending on things. Let China and India deal with the Gulf states. Europe is a Gazprom colony anyway and out of the game. Western Hemisphere becomes de facto energy independent--why put up with prices based on power games on the other side of the planet?
To hell with it. Just ban the tanker shipments across the oceans.
Gasprom is why I'm traveling. Perhaps I should put you on the trip? Thanks M/N. Look out for EKM. Air conditionings get dirty.
Ohh? and a F/X function. ( Believe it or not? Fiat.) Buy the bottom of the gap Sunday.
The ORIGINAL Jim West ....
Love that show, watched it everyday after school.
These bitchez killz me, talkin bout things are gonna turn around if "we" get O'bama out of there. We are fully 7 years into terminal decline, it does not matter who "is in there".
Niggars and White Bread! All for one/ One for all!
SAN CLEMENTE, Calif. (KABC) -- New problems at the San Onofre nuclear plant: Four more tubes that carry radioactive water have failed pressure tests, bringing the total number to seven.
Unfortunately for those entities wildly long a low volume market, retail seems to have decided they would rather stand outside overnight in cold weather to buy the latest iteration of a geegaw gimcrack (hat tip Rasputin) than equities which have already risen 110% off the 3-2009 low. Hedge funds seem to know this, which is why they are loaded up on the proxy for retail equity accounts, that 1% per day sure thing called AAPL.
I am trying to determine how much all of this M2 growth is a result of printing, and how much is a definitional thing, as funds have moved from old M3 aggregates into aggregates measured by M2. A weak economy would explain some of this shift, as people move toward greater liquidity. Investor fund withdrawals might explain some, too, as institutional money market funds are included in M3 but not M2. Finally, a combination of massive excess reserves, the European LTRO, and lack of collateral might explain the drop in short term repurchase agreements, which are M3 and not M2, IIRC.
Tyler?
Eat Shit YOU PUKE!
The context of the story/ banister is so far from your Stigma!
This and your two comments that follow leave me wondering. Are you okay?
( A) ok! Two sides to a battle. ARE you ok? How's the Wife"?
My comments? Respectfully? You change " Logins & Avatars" on a regular basis. I have always been " Yen Cross".
I believe you have me confused with someone else. Same login, same avatar since Tyler asked all of us who used to post under "anonymous" to pick up a handle. That was nearly three years ago when that change was made, and I've had the same tired mug since.
tHIS IS WHY i LOVE sLEWIE AND sHEEP dOG. Those guys know how to trade!
None of this " BITCH" shit! Cross my bridge, and you pay the toll!
CHINA Dies!
All you Son's of Bitches can cash your BONDS in now!
You had better bury " Real Money" on those levies<...<
On the topic of inflation: http://www.bloomberg.com/news/2012-03-14/watch-bernanke-s-little-inflati...
A senior fellow of the CFR is warning us about inflation... wonders never cease
The typical small investor -- ZAP!
I REST my case.
COB Webs.
Yen, you have been posting some very odd comments lately, some of them rather offensive.
Just wondering what it might all be about.
I don't like Canadians.
Let me guess: you live in South Park.
Stand aside. Thank You.
Santorum is like an Iranian or Saudi religious police control freak...
http://www.nydailynews.com/news/election-2012/rick-santorum-declares-war...
Rick Santorum declares war on pornography: I will ban hardcore porn if I’m elected President
"America is suffering a pandemic of harm from pornography," the former Pennsylvania senator writes. "It contributes to misogyny and violence against women. It is a contributing factor to prostitution and sex trafficking."
He demands a crackdown on the distribution of hardcore pornography on the Internet, in addition to material on cable/satellite TV, hotel/motel TV, retail shops and through the mail.
Rick Santorum Hates Freedom, Liberty, and the Pursuit of Happiness
http://www.youtube.com/watch?v=h1uzZTtIurE
Duh.
Frothy is just mad at being made fun of on the internets.
You are a FOOL! I'l enjoy the Sunday open in the Pacific. You are an ass hat! Trade the gap.
I would blame inebriation for your non sequitur outbursts here, but your spelling appears too good for that.
I'm sorry to see you acting so apparently deranged.
Non Sequiter? As if you have ever owned an Italian Sports Car? You are a child. Stay on the Side Lines. I'll hunt your SAT's down and SKULL FUCK you.
" Silaqui" and " jaundice".
Does EKM have trade idea? Oh wait? Let's " Patronize" the forum too death!
one pristiq at a time yen they're not skittles
You do what you got to do, I do what I got to do.
I will not insult anonimously. Only face to face. Anytime you are around Toronto we can sit down and insult each other at will.
This article reads really well while listening to the song "Oh Danny Boy."
Loan sharks knew that if they took the dollars printing machines under their control they could suffocate the world ...they could initially suffocate USA and after taking the USA from the Americans, they could move and suffocate the whole world and take the countries from their people.
FED printed cheap money and loansharking multiplied this money in an unnatural way within the American economy boarders and they discarded them abroad so that they did not threaten USA. USA became the first state in the world with artificial “breathing”...
It cannot be possible but just in the USA for only the last year, more than one million houses were seized. It cannot be impossible but the New World has returned to tents and shelters ..has returned to the ages of Columbus. It cannot be possible that we allow to a few loan sharks looting the toils and the assets of people...
http://eamb-ydrohoos.blogspot.com/2012/01/global-debt-crisis.html
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Authored by Panagiotis TRAIANOU
I think any investor who is sitting on bonds/t-bills is not likely to move into equities. I, for one, have removed my money from equities and mjght never go back. The FASB, the Federal Reserve and the Federal Gov't changed all the rules to investing. The value of the DOW, Russel or NASDAQ means nothing to me anymore.
I prefer to play in Vegas than the Stock Market these days, the Mob is more trustworthy.
Investing is for mupppets. Better to start a business, jump in bed with the govt and strip opportunity from those would be competitors.
March muppet madness continues.
Uhm, but what is the value of the Bailouts? - and how certain are we that $3trillion is Main street M2? from $6 trillion before - possible, - but the bankers are missing the raison d'etre: the square mile was a means to an end; that end has been achieved. The age of M5 and M6 is over, we now go through a period of industrial planning - the era of banks is over, we need more like Frost and Sullivan. We also need more transparency, because there is no trust between the legislature and 99% of the population.
And now North Korea...
http://english.yonhapnews.co.kr/news/2012/03/16/33/0200000000AEN20120316...
N. Korea says will launch earth observation satellite in April
http://m.apnews.com/ap/db_15806/contentdetail.htm?contentguid=meaaAZAI
US: NKorea planned rocket launch a 'deal-breaker'
http://world.kbs.co.kr/english/news/news_Po_detail.htm?No=88957
Seoul Demands North Korea Halt Rocket Launch Plans
http://world.kbs.co.kr/english/news/news_In_detail.htm?No=88963
Tokyo May Intercept N.Korean Rocket if Headed Toward Japan
Trouble ahead.
Well this is going to be interesting ... Seoul, Tokyo and Washington have zero right to do anything to interfere with it.
If they do shoot it down then anyone can also legitimately interfere with their own satellites and launch programs.
Pandora's box opens some more.
This is what you get when countries come to think that might makes right.
If they intercept it, it will be war. The satellite/missile is in honor of Kim Il Sung... it would hurt North Korea's pride. There's no way they would back away from that.
http://navaltoday.com/2012/03/16/south-korea-ready-to-react-on-north-kor...
South Korea Ready to React on North Korea’s Military Provocations at seaSouth Korean Joint Chiefs of Staff ordered national navy to be ready for immediate and powerful all-arms retaliation for North Korean Navy’s provocations. South Korean military concerns that DPRK naval forces will resume actions as soon as ice blocking their bases melts.
Year five bro, everyone who is going to buy, has already bought.
The article assumes that the normal process of distribution will commence after this big run, during which the average retail fellow buys at the top and holds the bag for the Boyz. If that were the case here, then why does that chart look the way it does?
The game is over. The public knows now that stocks go up and down and they can't bear to experience another downthrust that we all know is coming. This also happened after the Great Depression which spawned a generation of people who eschewed the stock market.
If we are talking about investor psychology, how about the human trait to refuse to admit a mistake? After staying in cash since March 9, 2009, does Bernanke really think he is going to lure Mom and Pop back in with another rally? All of America is waiting for the market to let off some steam before they go back in the water, if ever.
After seeing what they did at GM and other abominations of justice, I'll stick to options and never own another share in my life.
Caveat: The stock markets in Argentina, Zembabwe, and Weimar Germany went up as they destroyed their currency. That's liable to happen here too. The question is whether that is what we are seeing now. I say only in part. If currency destruction were fueling this, we wouldn't have had such a dramatic rally in December. It was manufactured for the election year. Good luck in stocks after the election if Obama wins, or in January if he loses.
NJEA (the most corrupt teacher's union in the country) has balls posting an ad on Zerohedge. "Believes children come first"!!! LMAO.. They care about their own pockets.
Want to see a documentary that exposes them and the billions of NJ taxpayer dollars that have gone down the drain to EVERYTHING but children... See "The Cartel Movie". Will make you sick what is happening to NJ students..
People save because they want, or rather, need the buffer.
Will they really put it into stocks, when they just saw stocks plummet 60%, and know you can be quickly wiped-out by, say by a flash-crash that can not be undone?
Or will they leave it in a bank and trust FDIC and FED guarantee/safety-net?
Daily we hear of the credit issues, and bubbles in every part of the financial system, especial with Sovereign, CRE and RE debt exposures, and of repeated US debt-ceiling excursion.
So I'm betting they mostly won't be putting their savings buffer into stocks.
However, they might put it into a consumer market that's offering 50% off everything in the debt-stressed stores and 2-for-the-price-of-1 car yard sales.
i.e. a bit of price-deflation as stores close doors, and you could be off-to-the-races rather quickly, and then you might get surge in demand as great deals and buying opportunities abound. Especially if USD goes up for six months or so again.
That won't halt the debt-deflation unwind to come, but it can delay it, and also the demise of USD.
Again, oil supply and price remains the fly in the ointment (as well as rates).
Savings do power recoveries, even if only temporarily.
Just remember that last time big banks failed we got a spike in consumer price deflation.
What was Reggie Middleton saying last week about major bank failures to come? Would that scare people into buying good deals, and power a bank run also?
BTW, my crystal ball is on the blink.
Now if we only new which bankers, military-industrial CEO's & politicians this "money" belonged to -----------------
We're still living in the World of Unintended Consequences. It's simply a mistake to look at what is going on as part of some "design"--though there certainly was a plan when the Federal Government bailed INTO the banks, thus creating the largest banker oriented kleptocracy in the world (but we call it a Government Program...so it's no big deal.) Since at best all we can do in this "New Normal" is hazard i guess here is mine: as treasuries sell off the cash now starts to move back into the banks themselves as simple deposits upon which ALL banks can use to do their Ozzie and Harriet form of banking like they used to...60 years ago. In short "the Fed truly has created reserves..." in the Private Bank (my guess is all the money center banks on Wall Street--although if you're the Bank of North Dakota i'm sure you're not complaining) and unlike the ECB which is "only creating reserves at the Central Bank" this latter of which has the effect of making capital scarce, risk taking non-existent and insofar as even public debt markets (US Treasuries/German Bunds) are concerned driving up interest rates.
More crimes at Goldman, who, oh who will save us (sigh, pretty eye roll)
http://news.yahoo.com/goldman-person-leaked-apple-intel-secrets-lawyer-003200072.html
Goldman person leaked Apple, Intel secrets: lawyerBy Grant McCool | Reuters – 7 hrs ago
Why would people put their money in the stock market when they don't trust the government or the banksters?? Won't happen.
http://research.stlouisfed.org/fredgraph.png?g=5LS
the shit has not even begun to hit the fan.
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