White House Press Briefing Summary On Debt Ceiling

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Thu, 07/28/2011 - 11:42 | 1501246 Agent P
Agent P's picture

CARNEYs...circus folk...small hands...smell like cabbage.

Thu, 07/28/2011 - 11:47 | 1501272 tip e. canoe
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Thu, 07/28/2011 - 11:56 | 1501294 baby_BLYTHE
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he's a better faker than Gibbs. With Gibbs you at least you had the occasional chuckle.

Thu, 07/28/2011 - 13:14 | 1501546 Cathartes Aura
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Nick Cave & the Bad Seeds ~"The Carney"  ~ thread soundtrack:


Dog-boy, atlas, half-man, the geeks, the hired hands
There was not one among them that did not cast an eye behind
In the hope that the carny would return to his own kind

Thu, 07/28/2011 - 11:55 | 1501291 redpill
redpill's picture

Nomads, you know

Thu, 07/28/2011 - 12:23 | 1501328 Zero Govt
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...who gives a crap.. these charlatans have painted themselves into a corner, all out of money, bent every rule in the game to their favour (lowered interest rates to zero, cooked every book and statistic etc) and STILL the cretins have spent themselves into oblivion

...wake me up when they crash.. these clowns re-arranging the deckchairs can go to hell but who'd want to miss seeing the ship hit the iceberg and the parasites drown eh?

Frank, Dodd, Pelosi, Reid, Cantona, McCain, Boehner.... pass the fuking popcorn

Thu, 07/28/2011 - 12:29 | 1501419 Everybodys All ...
Everybodys All American's picture

How ironic that a carney is Obama's press secretary.

Thu, 07/28/2011 - 11:42 | 1501247 mmlevine
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Why is ES up 14 pts?  Anyone?

Thu, 07/28/2011 - 11:46 | 1501268 Aductor
Aductor's picture

I admire your belief in a rational market.

Thu, 07/28/2011 - 11:49 | 1501279 mmlevine
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My real money is short this market believing it should be rational.  But - I've always been an idealist (or a sucker).


Thu, 07/28/2011 - 12:32 | 1501427 buzzsaw99
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you just answered your own question.

Thu, 07/28/2011 - 12:39 | 1501439 Bob
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I'm talking my book when I say this, but I think--if there's anything legitimate going on--people are buying the fucking dip today, anticipating the post-deal bounce.  I hope to see the Tea Party standing fast.  Not only for the good of my money, short-term at least, but for the promise of a multi-party system.  These people are my antithesis in some ways, but I gotta give it up: They rock.  They are not Republicans.  They are a different party altogether.

Thu, 07/28/2011 - 12:46 | 1501473 Manthong
Manthong's picture

The market is rational to the same degree that a circus act features a clown con man that conducts a crap game and juggles the dice.

Thu, 07/28/2011 - 11:49 | 1501280 TSA Thug
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Gold is setting up for a big money move (-). It's going to be sweet like patting down a PYT. On these big vertical moves it always pulls back before it advances.



--You WILL Obey!

Thu, 07/28/2011 - 11:42 | 1501248 Cassandra Syndrome
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Thu, 07/28/2011 - 11:42 | 1501250 Rainman
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Thu, 07/28/2011 - 11:42 | 1501253 TSA Thug
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Upside: only 5 days left till this drama ends.


--You WILL Obey!

Thu, 07/28/2011 - 11:43 | 1501254 TradingJoe
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Well, everybody and their mommas are "buying" the "compromise" that isn't in YET! Volume as usual nowhere to be found :))) the "surprise" at today's latest tomorrow's closing will be very interesting "stuff"!

Thu, 07/28/2011 - 11:43 | 1501256 Aductor
Aductor's picture

Compromise compromise compromise compromise compromise compromise compromise compromise.

Sorry, I am all cash and need a better entrypoint to short.

Thu, 07/28/2011 - 12:31 | 1501423 Commander Cody
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When the time is right, shorting will be illegal.

Thu, 07/28/2011 - 11:56 | 1501263 Sudden Debt
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If this debt ceiling thing keeps dragging on like this...



I think this debt ceiling crap is the biggest waist of time ever. WHY DIDN'T THEY SPEAK UP WHEN THE MONEY FLEW THROUGH THE WINDOWS?

It's so typical that the opposition just uses this to get elected next year. They are using the same tactics like Obama used to get elected.

Obama trashed the debt ceiling raise of Bush, Boehoehoener trashes Obama debt ceiling rise and after this? Who will trash the next presidents debt ceiling "request"?

the opposition...

BUT NEVER! NEVER does anybody tries to block government WHILE THEY ARE SPENDING THAT MONEY.




To bad you can't really boycot it. If only 1 person shows up in each state, it would already be enough the elect one.

Thu, 07/28/2011 - 13:28 | 1501592 pods
pods's picture

You are on to something SD. I read this piece and it changed my thinking about the old adage "If you dont vote, you cant complain."

"Voting:  The God That Failed."



Thu, 07/28/2011 - 11:47 | 1501271 CrashisOptimistic
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Expect Boehner to start using it after his bill passes.

Thu, 07/28/2011 - 12:00 | 1501310 wang (not verified)
wang's picture

I think it may pass as I think the TP will cave, but it also seems that both dem and rep establisment are trying to provoke them in such a way that they vote it down.  That way the establishment and their media echo can blame the TP for all the turmoil that will follow.  From insane McCain's comments about them to Reids reference to Boner giving the TP a big sloppy kiss, I think they are being set up as  scape goats,

Thu, 07/28/2011 - 12:27 | 1501402 depression
depression's picture

TP wants a grand reset / collapse. No way the TP gives an inch of ground to Obama. The problem is there is no leadership in the center. Its either the far left or far right driving the two polar sides of the debate. The center will either have to pick a side (highly unlikely) or they will have to come up with a new plan with the votes to back it up.

Thu, 07/28/2011 - 12:55 | 1501499 ZeroAffect
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With all due respect to your view depression, this fight pits the Elites & their vast herd of WannaBee Elites, against the people who hope to maintain their freedom. TYRANNY is in an advanced stage of success and is nearing the tipping point. Very little time left for all rational thinking people versus the irrational WannaBee Elites who have their heads-up-the-butts of the Elite.

Thu, 07/28/2011 - 11:54 | 1501290 espirit
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Carney: Coney Island entertainment for the sheeples.

Boner have the hot dogs?

Thu, 07/28/2011 - 11:59 | 1501292 SheepDog-One
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Carney- 'The ONLY responsible action here is to 'compromise' and HAND OVER THE DAMN BLANK CHECKS! NOW!'

Thu, 07/28/2011 - 11:56 | 1501295 nah
nah's picture

sounds serious bitchez

Thu, 07/28/2011 - 11:56 | 1501296 Raskolnikoff
Raskolnikoff's picture

Why waste time debating this fiscal nightmare? That's what Obama wants, he needs to point fingers and demonize somebody. I really could never figure out why the media was so antagonistic to Bush when he was as much socialist minded as the editors and producers of the MSM. Just like this budget proposal by the Republicans, no real teeth, no substantive cuts, so what's all the fuss about. Again, Obama just needs someone, anyone to be able to point a finger at, that's it. What a waste of time this whole thing is. If anyone is serious about cutting government and becoming more fiscally responsible, we are all just going to have to wait till next election

Thu, 07/28/2011 - 14:57 | 1501861 Rick Masters
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Sorry for pointing u out but waaah waaaah waaaaaah...this is the umpteenth post i've read about obammy bein meean to tea party...seriously gorw a set or call the tea party waht it really is...little whiney biotches...thin skinned, whiney and always complaining...shut up. that what most people think. just shut it. if people dont like you who cares but u cant make em like u.

Thu, 07/28/2011 - 11:56 | 1501297 Macchendra
Macchendra's picture

Self confidence leaks
From a thousand wounds
Faults of civilizations
Burning the private paradise of dreams
Minus hands of the electric clock

Thu, 07/28/2011 - 11:57 | 1501299 oa92000
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bottom line : US not going to default.. or Japan & china will be very, very angry...

Thu, 07/28/2011 - 11:57 | 1501301 ZeroPower
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US CDS 62.5/65.5


Thu, 07/28/2011 - 11:58 | 1501303 pepperspray
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Carney was quick today. No bananas.

Thu, 07/28/2011 - 12:00 | 1501313 Logans_Run
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  • Anyone checked the front gates at Yellowstone or Yosemite lately to determine if there is a "For Sale" sign? I don't trust Jeethner.

    Thu, 07/28/2011 - 12:01 | 1501314 oa92000
    oa92000's picture

    Jamie Dimon said he sent a letter to the Obama administration and the U.S. Congress

    Thu, 07/28/2011 - 12:02 | 1501318 phraseshifter
    phraseshifter's picture

    Carnie: "How 'ya doin' Ralphie Boy!"

    Thu, 07/28/2011 - 12:05 | 1501319 monopoly
    monopoly's picture

    Compromise, right. As long as it is Obamas way. Have you noticed not one politician has stated "We will get  the ball rolling with a 10% pay cut in Congress and a 25% reduction in expenses. It is only right that We lead the way.

    I know, I am dreaming, most of them are multi-millionaires with D. Issa worth 1/2 a billion dollars. Absurd they even take a pay check. Love of the country, right. Love of ME.

    Makes me sick.

    Thu, 07/28/2011 - 12:04 | 1501320 djsmps
    djsmps's picture

    Is this going to be a 200 point Dow day?

    Thu, 07/28/2011 - 12:07 | 1501333 SheepDog-One
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    Depends on whether someone says 'compromise' again or not.

    Thu, 07/28/2011 - 12:08 | 1501336 shushup
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    There is only one interesting thing about Carney......you can tell when he lies in defending the president. There is a subtle but noticable change in the look on his face. I would love to see a  body language professional analize some of his pressers.

    Thu, 07/28/2011 - 12:08 | 1501337 RobotTrader
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    Perfectly controlled market today.

    Stocks up:  Check

    Bonds up:  Check

    Gold down:  Check

    Commodity prices contained:  Check

    Inflation expectations non-existent:  Check

    Thu, 07/28/2011 - 12:24 | 1501388 Cassandra Syndrome
    Cassandra Syndrome's picture

    Gold Up Now: Check

    Thu, 07/28/2011 - 12:44 | 1501451 sbenard
    sbenard's picture

    Commodity prices contained? Inflation expectations non-existent? What planet are you living on, because it sure isn't this one?

    Corn: June 30, 2010 -- $3.45 bushel

    Corn: July 27, 2011 -- $6.91/bushel (yesterday's close)

    That is a 100% increase in ONE YEAR! Other grains and food commodities have experienced similar gains. Cotton was limit UP one day so far this week!

    Just because you and your complicit collaborators in the government are blind, doesn't mean the rest of us are equally ignorant!

    Thu, 07/28/2011 - 13:00 | 1501513 KickIce
    KickIce's picture

    Cotton crops are hurting throughout the south.

    Rice also seems to in trouble.

    Corn growing seems decent.

    Texas, Kansas and Arkansas are all experiencing severe drought and heat warnings.



    Thu, 07/28/2011 - 13:21 | 1501570 Cathartes Aura
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    weather modification, working as intended.

    (and for those who still dismiss this, put those words into a search engine & read of the commercial ventures that use it already, then add in the usual suspects in the shadows)

    Thu, 07/28/2011 - 12:10 | 1501343 oa92000
    oa92000's picture

    what will happen to gold, if debt ceiling get raised?

    Thu, 07/28/2011 - 12:18 | 1501360 SRV - ES339
    SRV - ES339's picture

    Initial takedown (I follow Ag more) to take advantage of the sell bias... then the usual slow (or maybe not so slow) recovery to the $40 - $42 range.

    Thu, 07/28/2011 - 12:32 | 1501426 firefighter302
    firefighter302's picture

    What gold does this week is not my focus.  The short term can be moved by meaningless news and margin increases, ect. The long term trend is up, way up.

    My focus is on government's continuance down a path of unsustainable entitlements, diluted fiat and expanding debt/GDP. 

    When that gets addressed, then it will be time to check to PM prices in a meaningful way and consider selling.  Until then, my plan is regular purchases as I am able, regardless of the daily price.

    Do NOT follow this link or you will be banned from the site!