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White House Press Briefing Summary On Debt Ceiling
The latest meaningless headlines from White House spokesman Jay Carney:
- CARNEY SAYS NO REASON TO REPEAT DEBT DEBATE LATER THIS YEAR Except for retaining Obama's job of course
- CARNEY SAYS AMERICAN PEOPLE WANT COMPROMISE ON DEBT LIMIT Preferably the democrat compromise which saves a few quadrillion by not launching war on Mars?
- And sure enough there it is: CARNEY SAYS REID PROPOSAL REPRESENTS COMPROMISE
- CARNEY SAYS SENATE WILL REJECT BOEHNER DEBT PROPOSAL
- CARNEY SAYS TREASURY WILL EXPLAIN HOW IT WILL MANAGE FINANCES
- CARNEY SAYS BOEHNER PLAN VOTE WILL NOT LEAD TO COMPROMISE
- CARNEY SAYS CONGRESS `CONTROLS OUR FATE' ON DEBT LIMIT
- CARNEY SAYS ONGOING DEBATE HAS HAD NEGATIVE IMPACT ON ECONOMY
- CARNEY SAYS `NO QUESTION' BOEHNER PROPOSAL IS `POLITICAL ACT'
Bottom line: algos now using every appearance of the word "compromise" in a headline as buying trigger.
Update: S&P jumps 1 point on the following use of the word "compromise"
- CARNEY SAYS `CHANCES AREN'T GREAT' FOR `SWEEPING COMPROMISE'
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CARNEYs...circus folk...small hands...smell like cabbage.
CARNEY SAYS THIS WAY TO THE BEARDED LADY
he's a better faker than Gibbs. With Gibbs you at least you had the occasional chuckle.
Nick Cave & the Bad Seeds ~"The Carney" ~ thread soundtrack:
http://www.youtube.com/watch?v=VqfS7NdcwdM
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
Nomads, you know
CARNEY SAYS "BLAH BLAH POSTURING BLAH BLAH POSITIONING BLAH BLAH HELP! BLAH BLAH
...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
How ironic that a carney is Obama's press secretary.
Why is ES up 14 pts? Anyone?
I admire your belief in a rational market.
My real money is short this market believing it should be rational. But - I've always been an idealist (or a sucker).
you just answered your own question.
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.
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.
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.
http://finviz.com/futures_charts.ashx?t=GC
.
--You WILL Obey!
http://www.youtube.com/watch?v=dTOcAt44_QA
CARNEY SAYS THIS WHOLE MESS IS BUSHS' FAULT
Snorze....
Upside: only 5 days left till this drama ends.
.
--You WILL Obey!
http://www.youtube.com/watch?v=dTOcAt44_QA
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"!
Compromise compromise compromise compromise compromise compromise compromise compromise.
Sorry, I am all cash and need a better entrypoint to short.
When the time is right, shorting will be illegal.
If this debt ceiling thing keeps dragging on like this...
HOW LONG WILL THEY DRAG ON THE QE3 TALKS?! ALSO 2 WEEKS?!!
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.
NOBODY SHOULD EVER VOTE AGAIN!! BOYCOT THE NEXT ELECTIONS!!
BOYCOT FAKE PRESIDENTS!
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.
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."
http://www.lewrockwell.com/barnett/barnett35.1.html
pods
FOCUS GROUP TESTED WORD OF THE DAY:
COMPROMISE
Expect Boehner to start using it after his bill passes.
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,
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.
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.
Carney: Coney Island entertainment for the sheeples.
Boner have the hot dogs?
Carney- 'The ONLY responsible action here is to 'compromise' and HAND OVER THE DAMN BLANK CHECKS! NOW!'
sounds serious bitchez
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
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.
Self confidence leaks
From a thousand wounds
Faults of civilizations
Burning the private paradise of dreams
Minus hands of the electric clock
bottom line : US not going to default.. or Japan & china will be very, very angry...
US CDS 62.5/65.5
Carney was quick today. No bananas.
Anyone checked the front gates at Yellowstone or Yosemite lately to determine if there is a "For Sale" sign? I don't trust Jeethner.
Jamie Dimon said he sent a letter to the Obama administration and the U.S. Congress
Carnie: "How 'ya doin' Ralphie Boy!"
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.
Is this going to be a 200 point Dow day?
Depends on whether someone says 'compromise' again or not.
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.
Perfectly controlled market today.
Stocks up: Check
Bonds up: Check
Gold down: Check
Commodity prices contained: Check
Inflation expectations non-existent: Check
Gold Up Now: Check
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!
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.
www.agfax.com
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)
what will happen to gold, if debt ceiling get raised?
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.
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.
as long as CB's are net buyers of AU, I would not even be thinking of selling. the debt ceiling raise means nothing in the grand scheme, it's political theatre.
Can anything else pump the markets today? S&P coming out with a COMPROMISE on US debt rating? Iran ready for a COMPROMISE with Israel? Fed willing to reach a COMPROMISE on QE3?
What "compromise" is there in a plan created FOR, BY, and BENFITING only progressives? To the Teleprompter Tyrant, compromise means "give me what I want"! That's not compromise. That's TYRANNY!
Carney is just the stooge of the Propaganda President, the Deceiver in Chief!
Remember all of the "fiscal responsibility" conferences Obummer held the past few years? Where is the "fiscal responsibility" now?
If this passes, Obama is now America's Dictator! That title was previously used by Benito Mussolini to describe what was, at that time, his friend, FDR! Now, the man who thinks of FDR as his hero, is working hard to earn the same moniker.
Barack Insane Obama is THE most catastrophic error of our generation, and he is quickly becoming the Dictator in Chief. He is the greatest threat to freedom in our lifetimes!
Can we assume you support the handfull of TP wackos in The House with that pro Mussolini, Koch Bros, and Michelle Caruso-Cabrera position... yes you can tell much about a person by the company they keep.
Apparently, you have been swayed to believe this is really about an imminent default? Seems statist to me that a non-tax increase position should be espoused. Spending cuts OK? Entitlements sacred or not? I'm blown away by the Texas Flood of BS emanating from DC. And what about MCC's boobies? You were referring to them, no?
Not at all... it's politically motivated to defeat the president and gain control of congress... won't happen, and is blowing up in the faces of the GOP wannabe leaders as we speak.
As for bobble head MCC... I prefer to have my boobs attached to a real brain.
Fourteen members of the Financial Services Forum, a non-partisan financial and economic policy organization made up of the chief executives of the largest banks and other financial institutions, sent a letter to the White House and Capitol Hill, urging "concrete steps to put our nation on a sound fiscal footing.
"The consequences of inaction -- for our economy, the already struggling job market, the financial circumstances of American businesses and families, and for America's global economic leadership -- would be very grave.
We are well beyond the point of no return. Austerity or additional debt /money printing will result in hardship. Looks like the majority of tea party reps are going to fold like a tent.
As an American, my most cynical beliefs have been fully validated since the crisis erupted on 2007.
And it keeps getting better and better. Everytime I look around, I realize that this country is now the clueless led by the brain dead who's role models are the blind.
There's only one way out: decline and ultimate calamity. If this were Italy, I'd say decline only. But it's not. We'll be in-fighting for the next 200 years.
Watched MSM (msnbc & cnn) last night for the first time in awhile. Was just amazed to see them rascals going after the Tea Party reps hammer and fuckin' tongs. All of a sudden the constitution is too precious and too sacred to be fooled with by any such notion as a balanced budget amendment. Phht. I say let's have a balanced budget amendment but one which will allow the government to run a deficit if, and only if, the country in a declared and congressionally acknowledged state of war. You hear that Barry, you vapid shite monger? No kinetic actions, no humanitarian bombing, no covert actions, no slippery slopes (days not weeks), no drug running and assassination fun and games. And while we're at it (gutting the constitution that is) let's pitch the commerce clause. That baby has taken more abuse than Anna Nicole on a three day drunk. Stick to your guns ye beautiful tea baggin fools.
You actually believe it would be positive to start this again in a couple of months? And of course, the GOP wanting to keep this circus going up to the election is simply a pricipled stance, and is in no way political (rotflmfao)!
The Dems have comprimised on almost every position... yet not one GOP compromise (because the TP controllers are threatening primary challenges to any that dare to act like an adult)... have you been attending too many Fight Nights of late Tyler, is this just more knee jerk anti-Obama trite, are all the Tylers really Koch Bros in disguise, or are they threatening to close you down if you don't play along? Oh well, at least you can take comfort in the fact you have the support of that pillar of financial analysis... Michelle Caruso Caboobs!
rrrright ...819 days without a budget. Lots of comprise. go back to sleep.
How about we actually see some bills passed by the Senate before declaring that they are willing to "compromise"?
It looks like Reid can't even get his own party to agree on tax increases. They could have done so in the two years prior to the 2010 elections since they had the house, senate and presidency, but didn't.
thx, TD
This carney show is about trying to make the Tea Party seem extreme. I'm convinced more than ever.
Why do I fear thsi is supposed to be a serious comment... rotflmfao! They had their 15 minutes... it's over.
Seems one of the more vocal (on how to solve the worlds financial issues) freshmen in the House had a few related personal issues that didn't go so well... defaulted on his mortgage and isn't making child support payments... but go ahead, take his rock solid advice!
"trying to make the Tea Party SEEM extreme?"
Never before have so many old, fat-assed Americans been on board with the agenda of Billionaire predators.
If the pedator's name was Goldman Sachs rather than Koch Bros. Industries, ZHers would be howling for blood.
so repubs put together a plan to save the nation in 24 hours - very impressive
boner looks like he picked the wrong day to stop sniffing glue
carney is getting kind of "up your ass, sideways" for someone seeking compromise
i've often suspected that there are situations where dithering and incompetence could work for good - appears to be textbook example
they should declare bank holiday for an indeterminant amount of time - it would just be so much fun
Why are the Gold & Silver prices going down?.(I know it's expiry wk), but with the looming guarantee of a NO DEAL, and a good chance(better n avg ) of a default (at least a partial), they should be going up, or at least steady IMHO.
There is about a 0% chance of a default. There are plenty of tax revenues to cover interest expenses.
Real reform would have funding issues discussed and resolved every two years and only months before November elections. That includes all federal pay and benefits and public entiltlements. That should keep it close enough to both elections and to April 15 tax time to keep it in the average sheeples mind.
Your right, a carny as spoke servant of the White House, funny. Like Bernie Madoff, or sKilling of Enron and the list goes on. You'd think some of these people might think about changing their name as it seems like names like this are a cosmic tip off. Osama Obama, what's the difference? Just say Nobama,... The New American Revolution is coming my friends, and hopefully, it leaves hell far behind.
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