Look Ahead: Industrial Production, Consumer Sentiment and more

Rank	Name	Points
#1	Rajesh	4,668
#2	GDD9000	3,058
#3	RE	3,054
#4	HomeGnome	2,706
#5	NGBROI	2,300
#6	Bubblisimo Gerkinov	2,280
#7	JP	1,766
#8	Nanoo-Nanoo	1,756
#9	Blackhalo	1,708
#10	Rob Dawg	1,508

MattFea wrote on Thu, 6/14/2012 - 7:00 pm

All we need is some mention of stimulus and will be abound.

justaskin wrote on Thu, 6/14/2012 - 7:01 pm

>

nertz! nasty script slows me down

volker the viking wrote on Thu, 6/14/2012 - 7:02 pm (in reply to...)

only if I google him

km4 wrote on Thu, 6/14/2012 - 7:02 pm

$582,088: Total amount of JPMorgan contributions given to Senators who questioned JPMorgan CEO Jamie Dimon yesterday

Senators Suck Up to Jamie Dimon, Get Paid for It | The Nation

Comrade Elmer Fudd wrote on Thu, 6/14/2012 - 7:02 pm

industrial production
this is a reminiscent thread, right?

volker the viking wrote on Thu, 6/14/2012 - 7:04 pm (in reply to...)

I thought DeMint was gonna crawl under the table and blow him on live TeeVee

Rob Dawg wrote on Thu, 6/14/2012 - 7:04 pm

And all day we will have sovereign bond yields in real time.

MattFea wrote on Thu, 6/14/2012 - 7:04 pm

nasty script slows me down

IF THEN
PRINT "."
END IF

Outsider wrote on Thu, 6/14/2012 - 7:05 pm

Where's poic?

Yili Recalls Mercury-Laced Milk Powder Amid China Food Campaign - Bloomberg

volker the viking wrote on Thu, 6/14/2012 - 7:05 pm (in reply to...)

Comrade Elmer Fudd wrote:

reminiscent

if, by reminiscent, you mean recalling the halcyon days of last week, before the world was falling apart, and before there was no chance of going back to how it was, then yes, reminiscent

Outsider wrote on Thu, 6/14/2012 - 7:07 pm

Who needs Trump when we have Romney.

Casino Owner Adelson Gives Pro-Romney Group $10 Million - Bloomberg

Comrade Elmer Fudd wrote on Thu, 6/14/2012 - 7:09 pm (in reply to...)

didn't realize you were so sensitive

volker the viking wrote on Thu, 6/14/2012 - 7:10 pm (in reply to...)

I'm not

RayOnTheFarm wrote on Thu, 6/14/2012 - 7:10 pm

BBC News - Is it game over for Greece?

The steady withdrawal of cash by depositors from the Greek banks has reportedly accelerated in recent days.

And if this apparent bank run gets out of hand, there is a danger that Greece could find itself forced out the euro, whichever way its citizens vote.

and

But her eurozone partners have made clear in that case, they would not make any more bailout money available.

The government would then literally run out of cash within a couple of months.

And if the government does not have enough money to repay its debts, then the Greek banks - who are among the governments' biggest lenders - would be bust.

In which case, the European Central Bank would have no choice but to cut off its lending to the banks.

And that would mean the banks also run out of euros, in effect forcing Greece out of the eurozone.

ok, so this Greek toboggan may be out of control

Comrade Elmer Fudd wrote on Thu, 6/14/2012 - 7:11 pm (in reply to...)

whatever

volker the viking wrote on Thu, 6/14/2012 - 7:12 pm (in reply to...)

you're not very good at this

Comrade Elmer Fudd wrote on Thu, 6/14/2012 - 7:13 pm (in reply to...)

neither are you

volker the viking wrote on Thu, 6/14/2012 - 7:14 pm (in reply to...)

everyone know that

MattFea wrote on Thu, 6/14/2012 - 7:15 pm (in reply to...)

RayOnTheFarm wrote:

The government would then literally run out of cash within a couple of months.

If Spain can get bailed out by an entity that doesn't even exist yet....

pavel.chichikov wrote on Thu, 6/14/2012 - 7:15 pm (in reply to...)

RayOnTheFarm wrote:

And if this apparent bank run gets out of hand, there is a danger that Greece could find itself forced out the euro, whichever way its citizens vote.

Punch in your PIN and the ATM spits out a nice little card with picture of a spider man towel on it. The butcher will accept it in exchange for a lamb chop.

Comrade Elmer Fudd wrote on Thu, 6/14/2012 - 7:16 pm (in reply to...)

well, why impugn other folks comments, then ?

pavel.chichikov wrote on Thu, 6/14/2012 - 7:16 pm (in reply to...)

MattFea wrote:

If Spain can get bailed out by an entity that doesn't even exist yet....

Time travel.

dwb wrote on Thu, 6/14/2012 - 7:16 pm

The Germans are looking at this all wrong.
1. buy all Greek debt.
2. foreclose
3. retire to Greece.
4. hire some Greeks to cook, clean, drive the Mercedes, etc.

pavel.chichikov wrote on Thu, 6/14/2012 - 7:16 pm (in reply to...)

Comrade Elmer Fudd wrote:

well, why impugn other folks comments, then ?

Nothing better to do. Satisfies cranky mood.

volker the viking wrote on Thu, 6/14/2012 - 7:17 pm (in reply to...)

get a grip

it's all good

Outsider wrote on Thu, 6/14/2012 - 7:19 pm (in reply to...)

The only problem is the Greeks already resent the Germans. I don't think I'd want them cooking my food.

Comrade Elmer Fudd wrote on Thu, 6/14/2012 - 7:19 pm (in reply to...)

there is a certain vacuous here, perhaps

Bubblisimo Gerkinov wrote on Thu, 6/14/2012 - 7:20 pm (in reply to...)

Comrade Elmer Fudd wrote:

there is a certain vacuous here, perhaps

That sucks.

Outsider wrote on Thu, 6/14/2012 - 7:22 pm (in reply to...)

Well, I guess you could split hairs on that one. Never mind.

Rob Dawg wrote on Thu, 6/14/2012 - 7:22 pm

It is so cute the way people pretend the Greek and Spanish banks aren't emptying out as we speak.

Rajesh wrote on Thu, 6/14/2012 - 7:22 pm (in reply to...)

RayOnTheFarm wrote:

ok, so this Greek toboggan may be out of control

Calvin and Hobbes Comic Strip, January 02, 1990
on GoComics.com

dwb wrote on Thu, 6/14/2012 - 7:22 pm (in reply to...)

Outsider wrote:

The only problem is the Greeks already resent the Germans. I don't think I'd want them cooking my food.

they'll get over it, as long as the Germans stop bothering them about those pesky taxes.

Rajesh wrote on Thu, 6/14/2012 - 7:23 pm (in reply to...)

RayOnTheFarm wrote:

ok, so this Greek toboggan may be out of control

Calvin and Hobbes Comic Strip, December 01, 1990
on GoComics.com

Outsider wrote on Thu, 6/14/2012 - 7:23 pm (in reply to...)

Did they get over the Turks?

yagij wrote on Thu, 6/14/2012 - 7:25 pm

F,

I think CK's comment re: Michigan's War on Women is full of pure awesomeness--if it is totally true.

Outsider wrote on Thu, 6/14/2012 - 7:24 pm (in reply to...)

It is so cute the way people pretend the Greek and Spanish banks aren't emptying out as we speak.

Greece: What's at stake in the election - Jun. 14, 2012

If it fails to do so, analysts say the European Central Bank could cut off funding to Greek banks, which have already been drained of cash as deposits flee the country.

justaskin wrote on Thu, 6/14/2012 - 7:25 pm (in reply to...)

volker the viking wrote:

only if I google him

is it possible you doth protest too much?...none denial denials aren't just for public servants,....

Doc Holiday wrote on Thu, 6/14/2012 - 7:26 pm (in reply to...)

volker the viking wrote:

crawl under the table and blow him on

Al Capone would have been so proud of his boy....

justaskin wrote on Thu, 6/14/2012 - 7:28 pm (in reply to...)

Comrade Elmer Fudd wrote:

there is a certain vacuous here, perhaps

you sure as hell live up to your screen name.....

km4 wrote on Thu, 6/14/2012 - 7:28 pm

YouTube - Hitler Hears About The Greek Bailout Referendum

Comrade Elmer Fudd wrote on Thu, 6/14/2012 - 7:30 pm (in reply to...)

justaskin wrote:

you sure as hell live up to your screen name.....

Whiskey wrote on Thu, 6/14/2012 - 7:30 pm (in reply to...)

Whenever anyone talks about states' rights, I always think of low-rent morons in state legislatures, the ones who pass laws that help Jerry Sandusky's defense.

RATM wrote on Thu, 6/14/2012 - 7:32 pm

UK fights euro zone threat with £100 billion credit boost
| Reuters

The government and central bank will flood Britain's banking system with more than 100 billion pounds ($155.43 billion), seeking to pump credit through an economy struggling to escape recession under the "black cloud" of the euro zone crisis.

pavel.chichikov wrote on Thu, 6/14/2012 - 7:32 pm (in reply to...)

Rob Dawg wrote:

It is so cute the way people pretend the Greek and Spanish banks aren't emptying out as we speak.

They can limit withdrawals if necessary. Argentina did it.

km4 wrote on Thu, 6/14/2012 - 7:32 pm

YouTube - Hitler rants about the EU crisis.wmv

yagij wrote on Thu, 6/14/2012 - 7:33 pm (in reply to...)

Whiskey wrote:

Whenever anyone talks about states' rights, I always think of low-rent morons in state legislatures, the ones who pass laws that help Jerry Sandusky's defense.

We are all retarded when we collectively vote for established parties? HCN.
.
Srsly, I'm rather pro-ish on the States' Rights issue, and (e.g.) if you are gay and want to get married, wth are you living in MS?!

Rob Dawg wrote on Thu, 6/14/2012 - 7:33 pm (in reply to...)

Rajesh wrote:

Calvin and Hobbes Comic Strip, December 01, 1990
on GoComics.com

The sadness being this was like yesterday and yet decades ago.

Rajesh wrote on Thu, 6/14/2012 - 7:34 pm (in reply to...)

pavel.chichikov wrote:

Argentina did it.

That worked out well.

Outsider wrote on Thu, 6/14/2012 - 7:34 pm (in reply to...)

Time is illusory.

Former Idealist wrote on Thu, 6/14/2012 - 7:34 pm (in reply to...)

It is so cute the way people pretend the Greek and Spanish banks aren't emptying out as we speak.

They can limit withdrawals if necessary. Argentina did it.

Oops. Too late

pavel.chichikov wrote on Thu, 6/14/2012 - 7:35 pm

The BoE and finance ministry have designed a new scheme, to be launched in a few weeks, that would offer banks loans with a maturity of possibly 3-4 years at below current market rates.

The loans would be made available on condition that banks increase their lending to businesses and households.

And these receive the same amount plus 3% so they can repay those loans.

bearly wrote on Thu, 6/14/2012 - 7:35 pm

Just curious, is the private sector doing fine today ?

creditcriminalslovetarp wrote on Thu, 6/14/2012 - 7:35 pm (in reply to...)

spigots beginning to flow around the world..

maybe the mayans were really worried about the 2012 trillion in currency that was going to be printed this year

pavel.chichikov wrote on Thu, 6/14/2012 - 7:35 pm (in reply to...)

Rajesh wrote:

That worked out well.

Do something!

pavel.chichikov wrote on Thu, 6/14/2012 - 7:36 pm (in reply to...)

Outsider wrote:

Time is illusory.

Tell that to your mortgage holder.

convexity wrote on Thu, 6/14/2012 - 7:37 pm

International Treaty Negotiated In Secret – Hidden Even from Congressmen Who Oversee Treaties – Threatens to Destroy National Sovereignty - Washington's Blog

"Democratic Senator Wyden – the head of the committee which is supposed to oversee it – is so furious about the lack of access that he has introduced legislation to force disclosure."

Obama Plans to Put Foreign Companies Above the Law « naked capitalism

Same subject...

Rob Dawg wrote on Thu, 6/14/2012 - 7:39 pm (in reply to...)

pavel.chichikov wrote:

Rob Dawg wrote:

It is so cute the way people pretend the Greek and Spanish banks aren't emptying out as we speak.

They can limit withdrawals if necessary. Argentina did it.

I do not think so. Porous economic borders and near immediate information propagation forfend.

Rajesh wrote on Thu, 6/14/2012 - 7:39 pm (in reply to...)

pavel.chichikov wrote:

Do something!

a time to tear, and a time to sew;
a time to keep silence, and a time to speak;
a time to love, and a time to hate;
a time for war, and a time for peace.
Ecclesiastes 3 ESV

Whiskey wrote on Thu, 6/14/2012 - 7:39 pm (in reply to...)

If you're a blond, father-less boy, what are you doing on central PA?

Outsider wrote on Thu, 6/14/2012 - 7:40 pm (in reply to...)

And a time to hit the hay.

Comrade Troyski wrote on Thu, 6/14/2012 - 7:40 pm (in reply to...)

Just curious, is the private sector doing fine today ?

up 60% since 'bama's inauguration, why do you ask?

poic wrote on Thu, 6/14/2012 - 7:41 pm

Just finishing a Blue Bottle

Über

All the Europeans and Asians around me appear oblivious to what's going on back home.

Rob Dawg wrote on Thu, 6/14/2012 - 7:41 pm (in reply to...)

Whiskey wrote:

If you're a blond, father-less boy, what are you doing on central PA?

Looking for $2/hr work in the coal mines?

yagij wrote on Thu, 6/14/2012 - 7:41 pm (in reply to...)

Rob Dawg wrote:

Looking for $2/hr work in the coal mines?

pavel.chichikov wrote on Thu, 6/14/2012 - 7:41 pm (in reply to...)

Rob Dawg wrote:

I do not think so. Porous economic borders and near immediate information propagation forfend.

It's astonishing what governments will do when backed into a corner. I don't think it's likely that there will be bank holidays or withdrawal restrictions. But then, I'm only a poster on a blog.

Former Idealist wrote on Thu, 6/14/2012 - 7:46 pm

Guys, after reviewing all of todays headlines I can only conclude the banksters have lost control and pissing away more fiat (selling the sizzle not the steak) isn't gonna make one damn bit of difference.

They are using global financial repression. It may work, for the currencies that survive.

poic wrote on Thu, 6/14/2012 - 7:42 pm

Looks like 2012 may not be THE year after all.

Whiskey wrote on Thu, 6/14/2012 - 7:43 pm (in reply to...)

"Looking for work in the coal mines" is the worst euphemism yet.

convexity wrote on Thu, 6/14/2012 - 7:43 pm (in reply to...)

foreign corporations operating within the U.S. would be permitted to appeal key American legal or regulatory rulings to an international tribunal. That international tribunal would be granted the power to overrule American law and impose trade sanctions on the United States for failing to abide by its rulings

Bubblisimo Gerkinov wrote on Thu, 6/14/2012 - 7:44 pm

Oh ... we're up a today ...

Doc Holiday wrote on Thu, 6/14/2012 - 7:51 pm (in reply to...)

convexity wrote:

Obama Plans to Put Foreign Companies Above the Law

Re: " foreign corporations operating within the U.S. would be permitted to appeal key American legal or regulatory rulings to an international tribunal."

==> Why do I smell Alberta Tar Sands in this new treaty and shitloads of corrupt oil money that also points directly at China ....

mp wrote on Thu, 6/14/2012 - 7:46 pm

---CONJURE'S GLOBAL DEPRESSION COUNTDOWN CLOCK---

THIS IS THE ORIGINAL CLOCK, ACCEPT NO CHEAP IMITATIONS

The clock was last updated on June 9, 2012 at 10:31 AM and the time was 11:57:25.1

The time is now:

11:57:35.1

The clock has advanced 30 seconds

Conjure says, “The anticipated sell-off of Spanish debt--the glorious carnage--has begun.”

"Embrace the mediocrity. Celebrate the awesomeness."

Spanish 10 6/14/12 Open 6.83200 High 6.99800 Low 6.81500

SPANISH GOVERNMENT GENERIC BONDS - 10 YR NOTE Analysis - GSPG10YR - Bloomberg

pavel.chichikov wrote on Thu, 6/14/2012 - 7:46 pm

Either this crisis is a sinister and deliberate conspiracy, or control has been lost. Take your pick.

pavel.chichikov wrote on Thu, 6/14/2012 - 7:49 pm (in reply to...)

mp wrote:

High 6.99800

Sugar!

energyecon wrote on Thu, 6/14/2012 - 7:48 pm (in reply to...)

Rob Dawg wrote:

It is so cute the way people pretend the Greek and Spanish banks aren't emptying out as we speak.

BUY MOAR EUROZ!

Whiskey wrote on Thu, 6/14/2012 - 7:49 pm (in reply to...)

Or, Shock Doctrine style, it could be a loss of control used to justify sinister and deliberate power grabs.

Bubblisimo Gerkinov wrote on Thu, 6/14/2012 - 7:50 pm

Oil searches for direction as OPEC ministers meet - Yahoo! Finance

REBear wrote on Thu, 6/14/2012 - 7:50 pm

Ex-Soros Adviser Fujimaki Says Japan to Probably Default by 2017 - Bloomberg

can't these guys STFU?

pavel.chichikov wrote on Thu, 6/14/2012 - 7:50 pm (in reply to...)

Whiskey wrote:

it could be a loss of control used to justify sinister and deliberate power grabs.

Exploitation of what can't be helped anyway? What would you do?

mp wrote on Thu, 6/14/2012 - 7:50 pm

---CONJURE CLOCK ERRATA---

The clock has advanced 10 seconds, not 30.

Um, sorry.

Former Idealist wrote on Thu, 6/14/2012 - 7:52 pm

US Consumer Prices Fall the Most in 3 Years. Financial Times.

Oh really, how about that so we get more Ben inflation and more negative rates because the Fed doesn't see any inflation.

How to profit from financial repression- it's not easy. They will use all the tools at their disposal to screw you.

pavel.chichikov wrote on Thu, 6/14/2012 - 7:51 pm (in reply to...)

REBear wrote:

Ex-Soros Adviser Fujimaki Says Japan to Probably Default by 2017 - Bloomberg

A lot can happen in five years so that the inevitable or the probable becomes irrelevant.

Whiskey wrote on Thu, 6/14/2012 - 7:52 pm (in reply to...)

Watch basketball.

energyecon wrote on Thu, 6/14/2012 - 7:53 pm (in reply to...)

Regards to the hirsute one, and he should dip into the and to chill and reflect on the concept of fallbility...

pavel.chichikov wrote on Thu, 6/14/2012 - 7:53 pm (in reply to...)

Whiskey wrote:

Watch basketball.

Lots of people deal with it that way. Obviously.

Doc Holiday wrote on Thu, 6/14/2012 - 7:53 pm

What we need during the Mittens Era is a newly minted Gypsy Class that can work for free in GOP labor camps.

energyecon wrote on Thu, 6/14/2012 - 7:53 pm (in reply to...)

pavel.chichikov wrote:

A lot can happen in five years so that the inevitable or the probable becomes irrelevant.

The horse may even learn to sing!

Bubblisimo Gerkinov wrote on Thu, 6/14/2012 - 7:54 pm (in reply to...)

Doc Holiday wrote:

Re: " foreign corporations operating within the U.S. would be permitted to appeal key American legal or regulatory rulings to an international tribunal."

Though the new legislation may be more overt, the basic principle and practice is not new.

http://canadians.org/trade/documents/NAFTA-chapter11.pdf

MattFea wrote on Thu, 6/14/2012 - 7:54 pm (in reply to...)

pavel.chichikov wrote:

Either this crisis is a sinister and deliberate conspiracy, or control has been lost. Take your pick.

Well somebody's got to have control of something here....

mp wrote on Thu, 6/14/2012 - 7:54 pm (in reply to...)

he should dip into the Yeah, but how old am I? and Sometimes a cigar is just a cigar to chill and reflect on the concept of fallbility...

Yes, shit happens. Trust me on this.

pavel.chichikov wrote on Thu, 6/14/2012 - 7:55 pm (in reply to...)

energyecon wrote:

The horse may even learn to sing!

I think the horse might be singing falsetto.

energyecon wrote on Thu, 6/14/2012 - 7:56 pm (in reply to...)

pavel.chichikov wrote:

I think the horse might be singing falsetto.

But can it carry a tune?

Bubblisimo Gerkinov wrote on Thu, 6/14/2012 - 7:56 pm (in reply to...)

Doc Holiday wrote:

What we need during the Mittens Era is a newly minted Gypsy Class that can work for free in GOP labor camps.

Jugalos.

mp wrote on Thu, 6/14/2012 - 7:56 pm

The horse may even learn to sing!

Conjure says, "Pavel, it's a matter of voltage."

Rajesh wrote on Thu, 6/14/2012 - 7:56 pm (in reply to...)

pavel.chichikov wrote:

Either this crisis is a sinister and deliberate conspiracy, or control has been lost.

Or both.

Doc Holiday wrote on Thu, 6/14/2012 - 7:58 pm (in reply to...)

mp wrote:

6.99800

It almost looks like a tsunami wave: and The Perfect Storm ...

SPANISH GOVERNMENT GENERIC BONDS - 10 YR NOTE Chart - GSPG10YR - Bloomberg

I had the 5 year chart up, but it defaults back to a shorter period

Whiskey wrote on Thu, 6/14/2012 - 7:57 pm (in reply to...)

That and The Real Drunken Housewives of New Jersey.

When times get tough, the allure of pat answers and the promise of normal is so strong that some people will agree to anything.

REBear wrote on Thu, 6/14/2012 - 7:59 pm (in reply to...)

pavel.chichikov wrote:

A lot can happen in five years so that the inevitable or the probable becomes irrelevant.

They are safe as long as the japanese central bank has an accommodative monetary policy.

pavel.chichikov wrote on Thu, 6/14/2012 - 7:59 pm (in reply to...)

MattFea wrote:

Well somebody's got to have control of something here....

There's lots of control of individual interests, but so far no decisive control of global events. You can get rich but you can't stop global momentum. You can enjoy an excellent meal in the dining car while the train goes off the tracks.

pavel.chichikov wrote on Thu, 6/14/2012 - 8:01 pm (in reply to...)

Rajesh wrote:

Or both.

It's hard for me to believe that even the powerful are that powerful. But then, que sais je?

Rajesh wrote on Thu, 6/14/2012 - 8:02 pm (in reply to...)

pavel.chichikov wrote:

are that powerful

It's easier to start a large boulder rolling down a hill than it is to stop it once it has momentum.

pavel.chichikov wrote on Thu, 6/14/2012 - 8:03 pm (in reply to...)

energyecon wrote:

But can it carry a tune?

Something from Faust.

REBear wrote on Thu, 6/14/2012 - 8:05 pm

Timothy Geithner Suggested Hillary Clinton Be His Successor: Report

'Geithner, a key figure in the debt ceiling negotiations, signaled to White House officials last June that he planned to leave his post once the debt limit debate was resolved, citing the difficult commute between Washington and New York where his son planned to finish high school'

--

I'm telling you NJ transit sucks.

pavel.chichikov wrote on Thu, 6/14/2012 - 8:05 pm (in reply to...)

Rajesh wrote:

It's easier to start a large boulder rolling down a hill than it is to stop it once it has momentum.

It may be that this present global economy is too large, complex and rapid in execution to be controlled by human beings. They can only react, exploit.

Bubblisimo Gerkinov wrote on Thu, 6/14/2012 - 8:06 pm (in reply to...)

pavel.chichikov wrote:

They can only react, exploit.

Sounds about right.

Speed wrote on Thu, 6/14/2012 - 8:07 pm

Express.co.uk - Home of the Daily and Sunday Express | UK News :: Now 80% demand vote to quit EU

Yeah. That would do it.

pavel.chichikov wrote on Thu, 6/14/2012 - 8:07 pm

There's such a mass of economic power, and human beings are not good with power. It both corrupts and overwhelms them.

pavel.chichikov wrote on Thu, 6/14/2012 - 8:13 pm

Not sure. Edit.

shill wrote on Thu, 6/14/2012 - 8:14 pm

Bank of England | Publications | Speeches and Articles | Speech by the Governor at Mansion House

What I can say tonight is that the Bank and the Treasury are working together on a “funding for lending” scheme that would provide funding to banks for an extended period of several years, at rates below current market rates and linked to the performance of banks in sustaining or expanding their lending to the UK non-financial sector during the present period of heightened uncertainty. The Bank would lend, as in its existing facilities, against a much greater value of collateral comprising loans to the real economy to protect taxpayers. But the long term nature of the lending and its pricing mean that the Bank could conduct such an operation only with the approval of the Government, as offered by the Chancellor earlier. So such a scheme would be a joint effort between Bank and Treasury. It would complement the Government’s existing schemes, and tackle the high level of funding costs directly. It could, I hope, be in place within a few weeks.

Central Banks Set to Act If Greece Roils Markets: Report - US Business News - CNBC

The printing is going to be massive. Get long something...Just saying.

pavel.chichikov wrote on Thu, 6/14/2012 - 8:16 pm (in reply to...)

shill wrote:

The printing is going to be massive.

Tidal forces will come into play.

shill wrote on Thu, 6/14/2012 - 8:18 pm

Tidal forces will come into play.

Were gonna need a bigger boat.

Former Idealist wrote on Thu, 6/14/2012 - 8:20 pm

Financial repression. Get used to negative rates. Get ready for required gov bond ownership, not just by banks but insurance companies, pensions and more. Capital controls and tax changes. No growth....Serfdom

RayOnTheFarm wrote on Thu, 6/14/2012 - 8:19 pm (in reply to...)

shill wrote:

Central Banks Set to Act If Greece Roils Markets: Report - US Business News - CNBC

reposting something from several weeks back...

BBC News - Lloyd's 'has plans for euro collapse'

REBear wrote on Thu, 6/14/2012 - 8:19 pm

Oil Rout Has China Hoarding Most Since Olympics: Energy Markets - Bloomberg

Rajesh wrote on Thu, 6/14/2012 - 8:20 pm

The E.U. has careened from one "crisis" to another. The solution in each instance has been "more Europe", meaning more power to the elites building and manning the ivory tower of European bureaucracy. At the first out beak of danger, every one trotted out their pet solution to extending the European architecture: Euro bonds, Fiscal supervision, Labor market deregulation.

The leaders of Europe have been trained that economic crisis is another opportunity for empire building. Policies that simply invite the next crisis have an edge over more rational, well thought out policies.

That they have been steadily advancing to the edge of the abyss has just been another tool in the drama they use to empower their control over the populace. The possibility that they might go over the edge was never considered.

Doc Holiday wrote on Thu, 6/14/2012 - 8:21 pm (in reply to...)

RayOnTheFarm wrote:

Lloyd's 'has plans for euro collapse'

Re: "He said that Lloyd's would settle claims using multiple currencies."

The valuation differential will be simple to figure...

MattFea wrote on Thu, 6/14/2012 - 8:21 pm (in reply to...)

shill wrote:

Get long something...Just saying.

I'm going short trees.

Tom Stone wrote on Thu, 6/14/2012 - 8:22 pm (in reply to...)

MattFea wrote:

I'm going short trees.

Investing in bonsai? You could do a lot worse.

Bubblisimo Gerkinov wrote on Thu, 6/14/2012 - 8:22 pm

Bastrop homeless man allowed to keep $77,000 he found on riverbank

pavel.chichikov wrote on Thu, 6/14/2012 - 8:22 pm (in reply to...)

Rajesh wrote:

The possibility that they might go over the edge was never considered.

We would never have wars if they did, or could.

MattFea wrote on Thu, 6/14/2012 - 8:23 pm (in reply to...)

Tom Stone wrote:

Investing in bonsai? You could do a lot worse.

Could be a new currency.

RATM wrote on Fri, 6/15/2012 - 7:08 am

c

pavel.chichikov wrote on Thu, 6/14/2012 - 8:23 pm (in reply to...)

Doc Holiday wrote:

Re: "He said that Lloyd's would settle claims using multiple currencies."

I've got about 35 old Soviet rubles somewhere.

RayOnTheFarm wrote on Thu, 6/14/2012 - 8:24 pm (in reply to...)

Tom Stone wrote:

Investing in bonsai? You could do a lot worse.

try the veal !

shill wrote on Thu, 6/14/2012 - 8:24 pm

Investing in bonsai? You could do a lot worse.

SRS?

Doc Holiday wrote on Thu, 6/14/2012 - 8:24 pm

Asian markets mostly up on US stimulus hopes, and the EU will be up on rumors that Asia has money to lend...

Bubblisimo Gerkinov wrote on Thu, 6/14/2012 - 8:26 pm

OPEC Decision Puts Onus on Saudi Arabian Cuts Should Prices Fall - Bloomberg

Rickkk wrote on Thu, 6/14/2012 - 8:27 pm

Nervous governments brace for possible Greek vote fallout - The Globe and Mail

Thursday, Jun. 14 2012, 7:00 PM EDT

"Britain moved aggressively Thursday to flood its financial system with cash and safeguard its weakened economy. Other governments and central banks are on alert to act to prevent major fallout in financial markets.

The British measures include injecting £5-billion ($7.9-billion) or more a month into the financial system and enabling banks to swap assets with the Bank of England in exchange for cheap long-term funding so they can lend more money to businesses and households.

British officials, faced with deteriorating economic and financial conditions, decided they could no longer remain on the sidelines.

“The central banks are preparing for co-ordinated action to provide liquidity,” a senior G20 aide familiar with discussions among financial officials told Reuters. His comment was confirmed by several other Group of 20 officials."

Former Idealist wrote on Thu, 6/14/2012 - 8:30 pm

Stocks will not get the fiat fast enough....

Citizens earning negative rates and earning less, while paying more taxes is not a growth strategy, it's a debt reduction strategy.

Tom Stone wrote on Thu, 6/14/2012 - 8:27 pm (in reply to...)

MattFea wrote:

Tom Stone wrote:

Investing in bonsai? You could do a lot worse.

Could be a new currency.

Making change with a chainsaw?

shill wrote on Thu, 6/14/2012 - 8:29 pm

It starts: the government’s plan to steal your money.

till morning

MattFea wrote on Thu, 6/14/2012 - 8:29 pm (in reply to...)

Doc Holiday wrote:

mostly up on US stimulus hopes

YouTube - The Crystal Method- Keep Hope Alive

Bubblisimo Gerkinov wrote on Thu, 6/14/2012 - 8:31 pm (in reply to...)

shill wrote:

It starts: the government’s plan to steal your money.

From the of some of your links, I suspect you lurk at whatreallyhappened or some such site.

pavel.chichikov wrote on Thu, 6/14/2012 - 8:32 pm (in reply to...)

Rickkk wrote:

“The central banks are preparing for co-ordinated action to provide liquidity,” a senior G20 aide familiar with discussions among financial officials told Reuters. His comment was confirmed by several other Group of 20 officials."

And if the pro-austerity party wins it won't be necessary?

RayOnTheFarm wrote on Thu, 6/14/2012 - 8:33 pm

How insane would it be for Greece to adopt the dollar, if only temporarily.

What do Panama, Ecuador, El Salvador, East Timor, The Federated States of Micronesia, The Marshall Islands, Palau, Zimbabwe and certain urban centers in Cambodia have in common ? They are use the dollar (either officially or as a de facto currency)

noblejoanie wrote on Thu, 6/14/2012 - 8:33 pm

This photo of a begging Greek family has the same feel as those iconic photos taken during the Dust Bowl here.

Photos of the Day | Photo Gallery - Yahoo! News

We yap about the theories and the big winners and losers, but this picture shows you what losing looks like at the street level.

RATM wrote on Fri, 6/15/2012 - 7:08 am

b

mr_clueless wrote on Thu, 6/14/2012 - 8:39 pm

Greece: Election results expected at 2:30 PM ET Sunday, Unemployment Rate hits Record 22.6%

Is this U3 or U6?

poic wrote on Thu, 6/14/2012 - 8:39 pm

"From the of some of your links, I suspect you lurk at whatreallyhappened or some such site."

Probably dickerforum

Comrade Troyski wrote on Thu, 6/14/2012 - 8:40 pm (in reply to...)

How insane would it be for Greece to adopt the dollar, if only temporarily.

that's just another flavor of austerity. They can get that fine with the Euro already.

Greece doesn't really have anything the world wants, other than their tourist-friendly beaches and maybe a naval base for Russia.

Demographics-wise:

http://tfw.cachefly.net/snm/images/nm/pyramids/gr-2010.png

there's nothing too egregious about their situation. They were just living on borrowed money, 2001-now.

Remind you of anyone?

Total Credit Market Debt Owed by Domestic Nonfinancial Sectors (TCMDODNS) - FRED - St. Louis Fed

mr_clueless wrote on Thu, 6/14/2012 - 8:41 pm

Looks like we have more good news in the pipeline. I smell money...

poic wrote on Thu, 6/14/2012 - 8:42 pm

"Looks like we have more good news in the pipeline. I smell money..."

That's just my

< picks pants >

Rob Dawg wrote on Thu, 6/14/2012 - 8:42 pm (in reply to...)

This photo of a begging Greek family has the same feel as those iconic photos taken during the Dust Bowl here.

Sandals on the street.

pavel.chichikov wrote on Thu, 6/14/2012 - 8:43 pm (in reply to...)

Comrade Troyski wrote:

maybe a naval base for Russia.

There's an idea! Something to calm the situation in the region.

REBear wrote on Thu, 6/14/2012 - 8:43 pm (in reply to...)

noblejoanie wrote:

Photos of the Day | Photo Gallery - Yahoo! News

I'm not sure that's unique to greek

RATM wrote on Fri, 6/15/2012 - 7:07 am

a

aleister perdurabo wrote on Thu, 6/14/2012 - 8:44 pm

http://www.cnbc.com/id/47820947?__source=mnd|news|&par=mnd

There's been a lot of speculation about the cufflinks Jamie Dimon wore during yesterday's testimony.
They caught the eye of folks because they seemed to bear some sort of official government stamp.
As it turns out, they were emblazoned with the seal of the President of the United States.
CNN's Lizzie O'Leary first confirmed the story last night over Twitter.
I've learned that they were, in fact, a gift from a resident of the White House. But people close to the JPMorgan Chase [JPM 34.65 0.35 (+1.02%) ] CEO won't say which president gave them to him.
Another thing I've learned: Dimon's got a bunch of official U.S. government cufflinks. Search for images of him and you'll see FBI cufflinks, for example.
Was Dimon trying to send any particular message by wearing the presidential cufflinks? Was he, for instance, trying to remind the Democrats he supported Obama? Or subtly hinting that he's really the guy in charge?
My sources say that nothing like that happened. Dimon wore the presidential cufflinks because they are his best "patriotic" cufflinks.

Bubblisimo Gerkinov wrote on Thu, 6/14/2012 - 8:44 pm (in reply to...)

Comrade Troyski wrote:

... maybe a naval base for Russia.

That's what Cyprus is for.

JP wrote on Thu, 6/14/2012 - 8:45 pm (in reply to...)

aleister perdurabo wrote:

because they are his best "patriotic" cufflinks.

And nothing says 'merican patriotism like jewelry meant to fasten French cuffs.

noblejoanie wrote on Thu, 6/14/2012 - 8:46 pm (in reply to...)

Not saying it's unique, but it made it more real to me. "Austerity" has consequences.

Comrade Troyski wrote on Thu, 6/14/2012 - 8:46 pm

“There’s no way out of Japan’s crisis,” Fujimaki said. “The only option left for Japan is either default or print money into hyper-inflation.”

It's money they owe themselves. They can raise taxes (deflationary) and print (inflationary) to get out of their problem.

Their tax-to-GDP is ~HALF that of the nordic states. higher taxes aren't going to kill them.

pavel.chichikov wrote on Thu, 6/14/2012 - 8:46 pm (in reply to...)

Bubblisimo Gerkinov wrote:

Comrade Troyski wrote:

... maybe a naval base for Russia.

That's what Cyprus is for.

My God! Either way a warm water port in the Mediterranean.

Former Idealist wrote on Thu, 6/14/2012 - 8:46 pm (in reply to...)

It starts: the government’s plan to steal your money.

From the of some of your links, I suspect you lurk at whatreallyhappened or some such site.

Actually, the IMF has an excellent paper on Financial Repression. Try google and read up....

Rob Dawg wrote on Thu, 6/14/2012 - 8:47 pm

Is the Greek bank stocks being up 25-30% important?

pavel.chichikov wrote on Thu, 6/14/2012 - 8:48 pm (in reply to...)

Rob Dawg wrote:

Is the Greek bank stocks being up 25-30% important?

Do they use voting machines?

Tom Stone wrote on Thu, 6/14/2012 - 8:48 pm (in reply to...)

noblejoanie wrote:

We yap about the theories and the big winners and losers, but this picture shows you what losing looks like at the street level.

It's not as obvious here. Poor people keep a low profile in my area. I know of many people living in chicken coops and garages, some are elderly and on SSI, some are families. These are not the mentally disturbed or the addicts and alcoholics, just ordinary people in hard times. 22% official unemployment means a lot of pain.

JP wrote on Thu, 6/14/2012 - 8:50 pm (in reply to...)

Tom Stone wrote:

Poor people keep a low profile in my area.

Come to Santa Monica. (I'm told there's a South Park episode about sending the homeless to Santa Monica. Apparently, the secret is out.)

pavel.chichikov wrote on Thu, 6/14/2012 - 8:50 pm

Former Idealist wrote on Thu, 6/14/2012 - 8:52 pm (in reply to...)

Is the Greek bank stocks being up 25-30% important?

Buy now or be priced out forever!

Comrade Troyski wrote on Thu, 6/14/2012 - 8:52 pm

friend's dad worked across the street from SM City Hall. He was very diplomatic, but I got the impression the idea of of gov't feeding the homeless for free struck him as feeding feral animals, from what he could observe on a daily basis.

ResistanceIsFeudal wrote on Thu, 6/14/2012 - 8:52 pm (in reply to...)

aleister perdurabo wrote:

Or subtly hinting that he's really the guy in charge?

Nothing subtle about it. Welcome to the Financial States of America.

Duke of Con Dao wrote on Thu, 6/14/2012 - 8:52 pm

bad bad no call on LeBron by refs...
cost Thunder the games IMHO

Former Idealist wrote on Thu, 6/14/2012 - 8:53 pm (in reply to...)

bad bad no call on LeBron by refs...

yep

Tom Stone wrote on Thu, 6/14/2012 - 8:54 pm (in reply to...)

JP wrote:

Tom Stone wrote:

Poor people keep a low profile in my area.

Come to Santa Monica. (I'm told there's a South Park episode about sending the homeless to Santa Monica. Apparently, the secret is out.)

They are more obvious in other towns, this is where the "Nice" liberals live. And LEO people who don't look like they belong down the road.More or less gently if you are white, not so gently if you have brown skin.

Duke of Con Dao wrote on Thu, 6/14/2012 - 8:55 pm (in reply to...)

Former Idealist wrote:

yep

Oakie oil money can't compete with Miami drug money
just sayin'

kratovil1 wrote on Thu, 6/14/2012 - 8:55 pm (in reply to...)

aree incredibly hard to call real time

Doc Holiday wrote on Thu, 6/14/2012 - 8:57 pm

I realize this is way too late to be somewhat on topic and out of character for me, but:

Consumer Sentiment's Up, Which Means...What? { May 11, 2012 }

.. the forecasting contributions of consumer attitudes seem stronger when the economy is weaker, although, admittedly, the reasons for these results are not yet fully understood,

Bubblisimo Gerkinov wrote on Thu, 6/14/2012 - 8:56 pm (in reply to...)

ResistanceIsFeudal wrote:

Nothing subtle about it. Welcome to the Financial States of America.

I'm surprised the oligarchs stoop to public testimony in the first place.

Former Idealist wrote on Thu, 6/14/2012 - 8:56 pm (in reply to...)

Oakie oil money can't compete with Miami drug money
just sayin'

More games sell more advertising

Rob Dawg wrote on Thu, 6/14/2012 - 8:57 pm (in reply to...)

Former Idealist wrote on Thu, 6/14/2012 - 8:53 pm (in reply to...)
bad bad no call on LeBron by refs...
yep

Only reason Heat are in the finals. That and Heat 3 seconds in the paint. And pushing off defenders. And traveling. Oh hell. Nobody can beat the Heat and the refs combined.

ResistanceIsFeudal wrote on Thu, 6/14/2012 - 8:57 pm (in reply to...)

Bubblisimo Gerkinov wrote:

I'm surprised the oligarchs stoop to public testimony in the first place.

It could be viewed as testimony, or as a simple show of power; a demonstration, so to speak.

Dantooine! They're on Dantooine!

Tom Stone wrote on Thu, 6/14/2012 - 8:58 pm (in reply to...)

Bubblisimo Gerkinov wrote:

ResistanceIsFeudal wrote:

Nothing subtle about it. Welcome to the Financial States of America.

I'm surprised the oligarchs stoop to public testimony in the first place.

It was a public demonstration of power.

Former Idealist wrote on Thu, 6/14/2012 - 9:01 pm

good night

ResistanceIsFeudal wrote on Thu, 6/14/2012 - 9:03 pm (in reply to...)

Tom Stone wrote:

It was a public demonstration of power.

You might find it instructive to read the Star Wars script for a dozen or so lines after the line I quoted.

Bubblisimo Gerkinov wrote on Thu, 6/14/2012 - 9:03 pm (in reply to...)

ResistanceIsFeudal wrote:

Dantooine! They're on Dantooine!

The has a vulnerable thermal exhaust port?!?!?!?.

aleister perdurabo wrote on Thu, 6/14/2012 - 9:03 pm (in reply to...)

Bubblisimo Gerkinov wrote:

I'm surprised the oligarchs stoop to public testimony in the first place.

Pecora Commission - Wikipedia, the free encyclopedia

The Pecora Investigation was an inquiry begun on March 4, 1932 by the United States Senate Committee on Banking and Currency to investigate the causes of the Wall Street Crash of 1929. The name refers to the fourth and final chief counsel for the investigation, Ferdinand Pecora.

The Pecora Investigation sought to uncover the causes of the financial collapse. As chief counsel, Ferdinand Pecora personally examined many high-profile witnesses, who included some of the nation's most influential bankers and stockbrokers. Among these witnesses were Richard Whitney, president of the New York Stock Exchange, investment bankers Otto H. Kahn, Charles E. Mitchell, Thomas W. Lamont, and Albert H. Wiggin, plus celebrated commodity market speculators such as Arthur W. Cutten. Given wide media coverage, the testimony of the powerful banker J.P. Morgan, Jr. caused a public outcry after he admitted under examination that he and many of his partners had not paid any income taxes in 1931 and 1932.

As reiterated by U.S. Securities and Exchange Commission (SEC) Chairman Arthur Levitt during his 1995 testimony before the United States House of Representatives, the Pecora Investigation uncovered a wide range of abusive practices on the part of banks and bank affiliates. These included a variety of conflicts of interest, such as the underwriting of unsound securities in order to pay off bad bank loans, as well as "pool operations" to support the price of bank stocks. The hearings galvanized broad public support for new banking and securities laws.

As a result of the Pecora Commission's findings, the United States Congress passed the Glass–Steagall Banking Act of 1933 to separate commercial and investment banking, the Securities Act of 1933to set penalties for filing false information about stock offerings, and the Securities Exchange Act of 1934, which formed the SEC, to regulate the stock exchanges. Paul Krugman believes that thanks to the legacy of the Pecora Commission's hearings and subsequent regulatory legislation, the American economy had a sound financial system for roughly half a century.[1]

shill wrote on Thu, 6/14/2012 - 9:04 pm

From the Tinfoil Hat of some of your links, I suspect you lurk at whatreallyhappened or some such site.

Hartzman's Inquisition: On Hartzman's Whistleblower Filing: "If more money was withdrawn than invested in US equity products during 2009...,"

More tin foil for the fuking fools who still don't get it. You think you do and you have it covered..You don't. Just ask the Greeks and Italians.

Tom Stone wrote on Thu, 6/14/2012 - 9:05 pm (in reply to...)

ResistanceIsFeudal wrote:

Tom Stone wrote:

It was a public demonstration of power.

You might find it instructive to read the Star Wars script for a dozen or so lines after the line I quoted.

Thank you for the suggestion.

Doc Holiday wrote on Thu, 6/14/2012 - 9:06 pm

ResistanceIsFeudal wrote on Thu, 6/14/2012 - 9:07 pm (in reply to...)

Tom Stone wrote:

Thank you for the suggestion.

George Lucas' vision scares me almost as much as William Gibson's.

TJ and The Bear wrote on Thu, 6/14/2012 - 9:09 pm

Moody's Downgrades Five Dutch Banks By 1-2 Notches | ZeroHedge

Rob Dawg wrote on Thu, 6/14/2012 - 9:10 pm (in reply to...)

ResistanceIsFeudal wrote on Thu, 6/14/2012 - 9:07 pm (in reply to...)
Tom Stone wrote:
Thank you for the suggestion.
George Lucas' vision scares me almost as much as William Gibson's.

That someone like Lucas can scour the record such that almost no record of the original nine books that he did not write exist scares me more.

Duke of Con Dao wrote on Thu, 6/14/2012 - 9:12 pm (in reply to...)

kratovil1 wrote:

aree incredibly hard to call real time

you have never played this game in your life at a competitive level
...
agree... it's about TV

Bubblisimo Gerkinov wrote on Thu, 6/14/2012 - 9:12 pm (in reply to...)

Duke of Con Dao wrote:

I call BULLSHIIT

kratovil1 wrote on Thu, 6/14/2012 - 9:17 pm (in reply to...)

Duke of Con Dao wrote:

kratovil1 wrote:

aree incredibly hard to call real time

you have never played this game in your life at a competitive level
...
agree... it's about TV

duke how could you know at what level i played? accordingly your comment is stupid unless you can tell the difference between a charge and a block in real time and even if you could you still would not know at what level i played

ResistanceIsFeudal wrote on Thu, 6/14/2012 - 9:18 pm (in reply to...)

Rob Dawg wrote:

That someone like Lucas can scour the record such that almost no record of the original nine books that he did not write exist scares me more.

The neat thing about the Zeitgeist is that those able to tap into it transcend the normal limitations of time and space, for a while at least. It's become a different world now, though... today's visionaries, I suspect, are deep underground, even if hidden in plain sight. There was a brief renaissance of sorts where, for just a few moments, commercial interests aligned with it, like stars reaching a particular astrological configuration purely through coincidence as they followed their orbits.

ResistanceIsFeudal wrote on Thu, 6/14/2012 - 9:19 pm

it took a long time for that to post... I wonder how many keywords I violated

Duke of Con Dao wrote on Thu, 6/14/2012 - 9:19 pm (in reply to...)

kratovil1 wrote:

at what level i played

Pop Warner?

kratovil1 wrote on Thu, 6/14/2012 - 9:20 pm (in reply to...)

gonna assume you are drunk

Rob Dawg wrote on Thu, 6/14/2012 - 9:21 pm (in reply to...)

. It's become a different world now, though... today's visionaries, I suspect, are deep underground, even if hidden in plain sight.

Hidden in plain sight as a working theory makes sense to me. there are some here.

RockyR wrote on Thu, 6/14/2012 - 9:21 pm

Greek bank stocks up 25-30%? Someone knows
Something they aren't telling us (again)...

Bubblisimo Gerkinov wrote on Thu, 6/14/2012 - 9:21 pm (in reply to...)

ResistanceIsFeudal wrote:

There was a brief renaissance of sorts where, for just a few moments, commercial interests aligned with it, like stars reaching a particular astrological configuration purely through coincidence as they followed their orbits.

Meh ... artists are free to explore and expose the foibles of the status quo all they want, especially if it means money at the box office. It lets the proles vent.

Count de Monet wrote on Thu, 6/14/2012 - 9:22 pm (in reply to...)

kratovil1 wrote:

gonna assume you are drunk

Box wine's a hell of a drug.

albrt wrote on Thu, 6/14/2012 - 9:25 pm

Oh hell. Nobody can beat the Heat and the refs combined.

Funny. That's what folks in Phoenix say about the Lakers.

Duke of Con Dao wrote on Thu, 6/14/2012 - 9:26 pm (in reply to...)

kratovil1 wrote:

gonna assume you are drunk

typical fallback when you are talking out your ass...
a) I have forgotten more than you will ever know about this game
b) my dad was All-State b-ball player in Indiana (just like Larry Bird)
and later played for Notre Dame
c) my older brother played JCollege ball and late ref-ed at that level
d) I'm a Hoosier

Comrade Gibbon wrote on Thu, 6/14/2012 - 9:29 pm (in reply to...)

noblejoanie wrote:

This photo of a begging Greek family has the same feel.

On trash night an older Chinese couple and their grand children park their beat up truck in front of our house while they raid the recycling bins.

Rob Dawg wrote on Thu, 6/14/2012 - 9:30 pm (in reply to...)

albrt wrote on Thu, 6/14/2012 - 9:25 pm
Oh hell. Nobody can beat the Heat and the refs combined.
Funny. That's what folks in Phoenix say about the Lakers.

They are right too. When I see how some stars shred the rules it ruins the game as envisioned. The replacement game is definitely more exciting but it is not the sport the rules describe.

kratovil1 wrote on Thu, 6/14/2012 - 9:33 pm (in reply to...)

gratuitous insult from you. i meant you no insult sort of appreciate you so with kindness you must be drunk.

sdtfs wrote on Thu, 6/14/2012 - 9:35 pm (in reply to...)

Rob Dawg wrote:

When I see how some stars shred the rules it ruins the game as envisioned.

And it diminishes some of their luster,...as if their talent weren't enough of an advantage.

ResistanceIsFeudal wrote on Thu, 6/14/2012 - 9:37 pm (in reply to...)

Bubblisimo Gerkinov wrote:

Meh ... artists are free to explore and expose the foibles of the status quo all they want, especially if it means money at the box office. It lets the proles vent.

True. You see Dimon, you may protest, but if in the end you can do nothing about the situation but scream at your TV... well...

Duke of Con Dao wrote on Thu, 6/14/2012 - 9:37 pm (in reply to...)

kratovil1 wrote:

gratuitous insult from you.

aree incredibly hard to call real time"
is what you said.
I called a bad call...
what
you're sucking on that Miami drug money...?

kratovil1 wrote on Thu, 6/14/2012 - 9:38 pm

yes the rules have changed the is no longer a call for carrying and few for steps but it is still difficult to distinguish a charge from a block and always will be. that is something.. your pal duke somehow finds offensive. where would yogi stand?

ResistanceIsFeudal wrote on Thu, 6/14/2012 - 9:39 pm (in reply to...)

Rob Dawg wrote:

Hidden in plain sight as a working theory makes sense to me. there are some here.

All I want is for my damned replacement keyboard to show up one of these days.

Rob Dawg wrote on Thu, 6/14/2012 - 9:40 pm (in reply to...)

sdtfs wrote on Thu, 6/14/2012 - 9:35 pm (in reply to...)
Rob Dawg wrote:
When I see how some stars shred the rules it ruins the game as envisioned.
And it diminishes some of their luster,...as if their talent weren't enough of an advantage.

I remember one Celtic/Lakers game when Kareem came down with a rebound and just started swinging career ending elbows. Every other sport red cards that stuff. It has been escalating thuggery in the NBA ever since.

sdtfs wrote on Thu, 6/14/2012 - 9:40 pm (in reply to...)

ResistanceIsFeudal wrote:

All I want is for my damned replacement keyboard to show up one of these days.

Spoken like a true visionary, Brian,...tell us more!

kratovil1 wrote on Thu, 6/14/2012 - 9:42 pm

shit dude agree bad call especially in slo mo could be the Miami stuff

affecting me but it has been weeks.

sdtfs wrote on Thu, 6/14/2012 - 9:45 pm (in reply to...)

Rob Dawg wrote:

I remember one Celtic/Lakers game when

McHale clotheslines Rambus, in other venues that's assault.

edit: Oh, and Danny Ainge.

kratovil1 wrote on Thu, 6/14/2012 - 9:44 pm (in reply to...)

dawg you cannot be serious about increasing violence. have you forgotten the jorden rules and detroit v chicago?

ResistanceIsFeudal wrote on Thu, 6/14/2012 - 9:44 pm (in reply to...)

sdtfs wrote:

Spoken like a true visionary, Brian,...tell us more!

these aren't the droids you're looking for, I just blather on an internet forum, and with less frequency lately

Duke of Con Dao wrote on Thu, 6/14/2012 - 9:45 pm (in reply to...)

kratovil1 wrote:

shit dude agree bad call

shill ref ESPN hired just agreed with me...
bad call...
stick with your strength

Duke of Con Dao wrote on Thu, 6/14/2012 - 9:46 pm (in reply to...)

sdtfs wrote:

in other venues that's assault.

no, that was justified. a fashion statement
given those doofus glasses he wore...

Antipodes wrote on Thu, 6/14/2012 - 9:47 pm

What's for dinner? Pan-Fried Trevally Fillets with Ras el Hanout and Roasted Cauliflower Steaks topped with a Moroccan Tomato and Roasted Capsicum Relish with Preserved Lemons.

sdtfs wrote on Thu, 6/14/2012 - 9:47 pm (in reply to...)

kratovil1 wrote:

the jord[a]n rules

You mean like the dunk that started at half court with nary a dribble?

Rob Dawg wrote on Thu, 6/14/2012 - 9:47 pm (in reply to...)

sdtfs wrote on Thu, 6/14/2012 - 9:42 pm (in reply to...)
Rob Dawg wrote:
I remember one Celtic/Lakers game when
McHale clotheslines Rambus, in other venues that's assault.

I do indeed remember that. Forgive me a Duke moment. McHale used to shop in the same back bay market at the same time as I did. It was freaky. Think a beer barrel with stick arms and legs. He had to stoop to push the cart.

kratovil1 wrote on Thu, 6/14/2012 - 9:49 pm (in reply to...)

well my strength is not being full of shit mostly. i made 1.9 m on 100k in 2007 thanks to reading blogs like this. and i have respect for them and all with knowledge duke thats from a domer. right now i have no idea what to invest in. if i figure it out i will let you know. in the meantime try to be nice you are funny

poic wrote on Thu, 6/14/2012 - 9:54 pm

"b) my dad was All-State b-ball player in Indiana "

BallsOnChin-Ball player?
BloodyAwful-Ball player?

sdtfs wrote on Thu, 6/14/2012 - 9:55 pm (in reply to...)

Rob Dawg wrote:

McHale used to shop in the same back bay market at the same time as I did. It was freaky.

Speaking of freaky. Back when, my sister's friend told his wife he saw Manute Bol at the supermarket, she asked, "Are you sure?" Uh, yeah, kind of. Not too many 7' 7" guys walking around.

picosec wrote on Thu, 6/14/2012 - 9:56 pm (in reply to...)

Outsider wrote:

The only problem is the Greeks already resent the Germans. I don't think I'd want them cooking my food.

My thought yesterday while watching the German football squad playing in the Ukraine.

PS: dryfly has been extolling this year's wheat crop so I Googled the Ukraine wheat production predictions for this year. Looks pretty grim, down 40% from last year due to a drought. Once again, food will be a major US export.

kratovil1 wrote on Thu, 6/14/2012 - 9:56 pm

perhaps i am the only one but i believe almost all he duke stories. of couse he can be an asshole like now.

Duke of Con Dao wrote on Thu, 6/14/2012 - 9:57 pm

picosec wrote on Thu, 6/14/2012 - 9:59 pm (in reply to...)

Rob Dawg wrote:

McHale used to shop in the same back bay market at the same time

Saw Yao Ming in SFO last year.
Yeah, I recognized him.

albrt wrote on Thu, 6/14/2012 - 10:02 pm

Basically the NBA has become an expensive version of pro wrestling.

"Can you believe that? Artest pulled a cinder block out of his shorts and is beating Nash over the head with it! And the refs are looking the other way! Now the entire Phoenix squad is being ejected for leaving the bench!"

OKC is a lot of fun to watch, though. They may singlehandedly bring the game back from the brink.

ResistanceIsFeudal wrote on Thu, 6/14/2012 - 10:04 pm (in reply to...)

kratovil1 wrote:

well my strength is not being full of shit mostly. i made 1.9 m on 100k in 2007 thanks to reading blogs like this.

Congrats. I had barely five figures to my name, lots of student loan debt and was a budding goldbug and austerian. How things change...

kratovil1 wrote on Thu, 6/14/2012 - 10:05 pm

and duke made sure the cinder block was embroidered okc the most exiting team in five or ten years.

Feckless Ness wrote on Thu, 6/14/2012 - 10:05 pm (in reply to...)

ResistanceIsFeudal wrote:

today's visionaries, I suspect, are deep underground

TED much?

TED: Ideas worth spreading

kratovil1 wrote on Thu, 6/14/2012 - 10:07 pm

reminds me of 1987 i had no dough but thanks wish i knew what to do now

Antipodes wrote on Thu, 6/14/2012 - 10:09 pm (in reply to...)

kratovil1 wrote:

i had no dough

I had dough yesterday. Alas, I threw it in the oven. What do I know?

sdtfs wrote on Thu, 6/14/2012 - 10:11 pm (in reply to...)

kratovil1 wrote:

i believe almost all [t]he duke stories

Within the lines of "puffery", I do, too. There's only one commenter who lies crudely enough for me to detect.

Feckless Ness wrote on Thu, 6/14/2012 - 10:11 pm (in reply to...)

kratovil1 wrote:

wish i knew what to do now

If I were in your position, I'd be talking with josap about finding me some good deals on income property and her management of same.

burnside wrote on Thu, 6/14/2012 - 10:11 pm (in reply to...)

Greece hasn't anything the world wants beyond ports and tourism? I find that unsupportable - what economy is so simplistic as that?

ResistanceIsFeudal wrote on Thu, 6/14/2012 - 10:12 pm (in reply to...)

Feckless Ness wrote:

TED much?

I've downloaded a pretty big library of them over time, actually. Glossy, but occasionally thought provoking.

CM Storm QuickFire Rapid - Cooler Master
.. it's highly branded, and obviously built with commercial intent, but underneath it is a high quality keyboard being offered at a very reasonable price.

sdtfs wrote on Thu, 6/14/2012 - 10:12 pm (in reply to...)

Antipodes wrote:

What do I know?

You know you don't knead it now.

Bad Dawg Bobby wrote on Thu, 6/14/2012 - 10:14 pm (in reply to...)

kratovil1 wrote:

reminds me of 1987 i had no dough but thanks wish i knew what to do now

ENJOY LIFE (!) You want something? Buy It.

Better Yet, Make some complete stranger Happy, Buy every one in the resturant their meals while you are eating.

albrt wrote on Thu, 6/14/2012 - 10:14 pm

On stocks I was way too early and when the crash finally came I barely made back what I had lost in the previous couple of years.

On houses I have done reasonably well considering I owned my residence through the whole Phoenix bust.

kratovil1 wrote on Thu, 6/14/2012 - 10:16 pm (in reply to...)

Antipodes wrote:

I had dough yesterday. Alas, I threw it in the oven. What do I know?

i lived in hawaii for years. a buddy of mine went to nz bought property on a whim got divorced and sold it. made a bundle. i have been following your posts and find it odd about the pricing of things. you post well. i know nothing about food except i wish not to be

Antipodes wrote on Thu, 6/14/2012 - 10:16 pm (in reply to...)

sdtfs wrote:

You know you don't knead it now.

True. I also know that bread is better than most anything baked at a commercial bakery. Absolutely delicious. I'm going to try a whole wheat version.

ResistanceIsFeudal wrote on Thu, 6/14/2012 - 10:18 pm (in reply to...)

Bad Dawg Bobby wrote:

Better Yet, Make some complete stranger Happy, Buy every one in the resturant their meals while you are eating.

Even those of limited means can donate something... their leisure time. Or invest it. But mostly we spend it.

kratovil1 wrote on Thu, 6/14/2012 - 10:18 pm (in reply to...)

Bad Dawg Bobby wrote:

reminds me of 1987 i had no dough but thanks wish i knew what to do now

ENJOY LIFE (!) You want something? Buy It.

Better Yet, Make some complete stranger Happy, Buy every one in the resturant their meals while you are eating.

done it and i like it will do it again but not today because i am a little drunk and angry but i appreciate the sentiment

albrt wrote on Thu, 6/14/2012 - 10:18 pm (in reply to...)

It is actually a little late in Phoenix. Hard to buy right because the demand is very heavy right now, but the supply isn't slowing down nearly as much as people suggest. I expect the market to get more favorable again in 6 months or so when the money flow away from Wall Street slows down.

Bad Dawg Bobby wrote on Thu, 6/14/2012 - 10:18 pm

I was working in Alaska in 05 and a guy called me up and offered me four times what I had paid for some property in 93.
I sold him half and paid off the other half, looked at the RE market and sold some other property for twice what I paid and put it in PM.
Need I say more, I'll never loose on that one.

ResistanceIsFeudal wrote on Thu, 6/14/2012 - 10:20 pm (in reply to...)

albrt wrote:

On stocks I was way too early and when the crash finally came I barely made back what I had lost in the previous couple of years.

You can be right and still be wrong. I still can't believe how long it takes the lady to walk in front of the train. Is the lady walking too slowly, or the train not moving fast enough?

Zen.

sdtfs wrote on Thu, 6/14/2012 - 10:23 pm (in reply to...)

ResistanceIsFeudal wrote:

Zen.

And zen when you get tired of waiting, you push her onto the tracks?

Rob Dawg wrote on Thu, 6/14/2012 - 10:23 pm

I ask an innocent simple question. When has there ever been a recession without a capitulation moment?

TJ and The Bear wrote on Thu, 6/14/2012 - 10:23 pm (in reply to...)

Rob Dawg wrote:

When has there ever been a recession without a capitulation moment?

Um, now?

ResistanceIsFeudal wrote on Thu, 6/14/2012 - 10:28 pm (in reply to...)

sdtfs wrote:

And zen when you get tired of waiting, you push her onto the tracks?

The two form a system. If either deviated from their course they would possibly never meet at the point of impact.

kratovil1 wrote on Thu, 6/14/2012 - 10:29 pm (in reply to...)

Bad Dawg Bobby wrote:

I was working in Alaska in 05 and a guy called me up and offered me four times what I had paid for some property in 93.
I sold him half and paid off the other half, looked at the RE market and sold some other property for twice what I paid and put it in PM.
Need I say more, I'll never loose on that one.

i feel the same sold my hawaii stuff to a billionaire now available at a 56% viscount.

i think there have been many recessions lacking a capitulation. in fact. how many capitulations have you seen in your days? maybe one?

ResistanceIsFeudal wrote on Thu, 6/14/2012 - 10:31 pm (in reply to...)

Rob Dawg wrote:

I ask an innocent simple question. When has there ever been a recession without a capitulation moment?

Did we have a recession? If not, what are we recovering FROM?

kratovil1 wrote on Thu, 6/14/2012 - 10:34 pm

degree in economics naval officer lawyer not given to panic. still does this not have a 2007 feeling only maybe worse?

ResistanceIsFeudal wrote on Thu, 6/14/2012 - 10:35 pm

DIY ergonomic keyboard: http://geekhack.org/attachment.php?attachmentid=43207&d=1331244316

kratovil1 wrote on Thu, 6/14/2012 - 10:35 pm (in reply to...)

never mind, sleepytime

Kauai_Kahuna wrote on Thu, 6/14/2012 - 10:36 pm

Raises hand and yells. Oooh oooh Ohhh Ooooh, pick me.

Are You With the Dumb Money or the Smart Money? - Bloomberg

Bad Dawg Bobby wrote on Thu, 6/14/2012 - 10:36 pm (in reply to...)

kratovil1 wrote:

how many capitulations have you seen in your days?

Capitulations? I have been broke and homeless twice in my life. I have camped on the side of a river and had my fill of trout and potatoes, while looking for work.

There is something reasuring about knowing I can and will make it, in life with or without money.

But I will admit, life is much more enjoyable when you have a roof over your head and are able to pay the bills.

Bad Dawg Bobby wrote on Thu, 6/14/2012 - 10:39 pm (in reply to...)

kratovil1 wrote:

still does this not have a 2007 feeling only maybe worse?

It's not saying much, but I'm scared spitless.

Count de Monet wrote on Thu, 6/14/2012 - 10:39 pm (in reply to...)

ResistanceIsFeudal wrote:

DIY ergonomic keyboard: http://geekhack.org/attachment.php?attachmentid=43207&d=1331244316

That must've been in one hot dishwashing machine.

ResistanceIsFeudal wrote on Thu, 6/14/2012 - 10:40 pm (in reply to...)

Count de Monet wrote:

That must've been in one hot dishwashing machine.

I'm thinking keyboard modding FAIL

kratovil1 wrote on Thu, 6/14/2012 - 10:42 pm (in reply to...)

hell bad dog i was responin to the other dog who asked about recessions without capitulation. on another level personal capitulation is good if followed by a recovery. i am not sure i have another recovery in me and will try to avoid the need to recover hope you do the same

Kauai_Kahuna wrote on Thu, 6/14/2012 - 10:42 pm

Bad Dawg Bobby - I have been broke and homeless twice in my life.

Beat me, I was there only once.

kratovil1 wrote on Thu, 6/14/2012 - 10:43 pm (in reply to...)

tried it on kauai worked out well. not interested in trying again

kratovil1 wrote on Thu, 6/14/2012 - 10:47 pm (in reply to...)

night

Bad Dawg Bobby wrote on Thu, 6/14/2012 - 10:47 pm

" how many capitulations have you seen in your days? "

How about you Rob, When you arived at the Santa Monica Pier with you Motorcycle.

I doubt if you were in the position to buy Treasuries (!)

Bad Dawg Bobby wrote on Thu, 6/14/2012 - 10:52 pm (in reply to...)

Kauai_Kahuna wrote:

Beat me, I was there only once.

Once is enough (!) Your just twice as lucky or Twice as smart.

Probably the later.

ResistanceIsFeudal wrote on Thu, 6/14/2012 - 10:52 pm

Bad Dawg Bobby wrote on Thu, 6/14/2012 - 10:56 pm (in reply to...)

Bad Dawg Bobby wrote:

How about you Rob,

Robs probably has me on ignore but from what I've read.

The dawg has been around.

Most on this Blog HAVE.

TJ and The Bear wrote on Thu, 6/14/2012 - 10:56 pm (in reply to...)

Bad Dawg Bobby wrote:

Robs probably has me on ignore but from what I've read.

Rob doesn't have anyone on ignore. Probably just composing his response.

Comrade Troyski wrote on Thu, 6/14/2012 - 10:58 pm (in reply to...)

Greece hasn't anything the world wants beyond ports and tourism?

well, not enough to support 11M people.

Greece has 10M acres in ag, 1 acre per person. (The US has 440M acres, 1.3 acres per person.)

They do pull 200k/yr tons of fish, 20kg per capita. Alas, the Med fishery is collapsing along with all the rest, production is down 40% since 1995

http://epp.eurostat.ec.europa.eu/cache/ITY_OFFPUB/KS-DW-09-001/EN/KS-DW-09-001-EN.PDF

They do a lot of shipping, but I'm not up on how much of that is owned capital vs flagged capital.

"Greece attracts more than 16 million tourists each year, thus contributing between 18.2% to the nation's GDP in 2008 according to an OECD report"

Tough place to have a wealth-accreting economy. It's possible, but requires a solid, uncorrupted government to keep the money moving honestly.

Kauai_Kahuna wrote on Thu, 6/14/2012 - 11:00 pm

Bad Dawg Bobby - Your just twice as lucky or Twice as smart.

More like determined not to do that again. Then add some luck and smart's.

Bad Dawg Bobby wrote on Thu, 6/14/2012 - 11:10 pm (in reply to...)

Kauai_Kahuna wrote:

Then add some luck and smart's.

Mine was two sons after a shitty divorce. I just wouldn't let them go, 14 years of child support and now that I'm in my 60's and they are married and having a family of their own.

WORTH every penny and trout and I'll not pass judgement on those who weren't.

But then again, I was LUCKY.

Bad Dawg Bobby wrote on Thu, 6/14/2012 - 11:11 pm (in reply to...)

kratovil1 wrote:

i am not sure i have another recovery in me and will try to avoid the need to recover hope you do the same

AMEN Brother.

Kauai_Kahuna wrote on Thu, 6/14/2012 - 11:37 pm

another recovery

It seems like I have been 5 years out from being financially secure / able to retire early for the last 10 years. The goal post keeps getting pushed back constantly.
I'm just hoping for everyone's sake we settle down to average growth or at least less chaotic in five years or so.

Bad Dawg Bobby wrote on Thu, 6/14/2012 - 11:39 pm

WHAT A Talent

YouTube - Kevin Spacey amazing imitation

merchants of fear wrote on Thu, 6/14/2012 - 11:40 pm

YouTube - ROEDELIUS - Girlande
YouTube - Roedelius - Fabelwein

Bad Dawg Bobby wrote on Thu, 6/14/2012 - 11:47 pm

YouTube - great day to whoop somebody's ass

And I've got the RIGHT.

Because I've had my ass wiped.

Comrade Troyski wrote on Thu, 6/14/2012 - 11:46 pm (in reply to...)

I'm just hoping for everyone's sake we settle down to average growth or at least less chaotic in five years or so.

Graph: Real Gross Domestic Product, 1 Decimal (GDPC1) - FRED - St. Louis Fed

Graph: Total Credit Market Debt Owed by Domestic Nonfinancial Sectors (TCMDODNS)/Gross Domestic Product, 1 Decimal (GDP) - FRED - St. Louis Fed

nagunnahappen

This settling down need not be catastrophic, but it's going to require that we raise taxes massively.

the rich don't want that, and they're calling the shots now.

Hello Ελλάδα

Bad Dawg Bobby wrote on Thu, 6/14/2012 - 11:52 pm

YouTube - Best John Wayne Quote - ever!

You got to LOVE the Duke

merchants of fear wrote on Fri, 6/15/2012 - 12:37 am

"You only delay the pain. This is an inevitable evolution."
YouTube - Meredith Whitney: Consumer Debt

merchants of fear wrote on Fri, 6/15/2012 - 12:57 am

Worth another look... 'parasitic control fraud':
YouTube - Financial Oligarchy and the New Robber Barons w/Derivatives Guru Janet Tavakoli

Bad Dawg Bobby wrote on Fri, 6/15/2012 - 1:30 am

YouTube - The Warrior Song - Hard Corps

GET SOME !!!!!!!!!!!!

There are those who are phycotic,
and those who are mersanary,
and those who are both,
Recondo.

You needed us, you wanted us
you over educated fu#kwads

mp, you hide in the bunkers and pleeded for information. We paid for your SHIT. you fuckwad.

YouTube - Lacy J Dalton ~ 16th Avenue (original version)

merchants of fear wrote on Fri, 6/15/2012 - 1:10 am

More, more, more isn't working!

Bad Dawg Bobby wrote on Fri, 6/15/2012 - 1:19 am

Welcome to eFoodsDirect - Your number one source for high quality food storage,Backpacking food, Emergency dehydrated food, freeze dried food needs.

From here on out, it is every man, woman, family and loved one for them selves.

That IS NOT TRUE and I know it. But please take care of you and yours.

I / We will help as best as we can.

Bad Dawg Bobby wrote on Fri, 6/15/2012 - 1:46 am

YouTube - WATCHING THE RIVER RUN / LOGGINS & MESSINA

Those of you ,,,,,,,,,can understand.

If there is one thing for certain, THERE WILL BE CHANNGE.

PUT IT BEHIND YOU (!!!!!!!!!!!!)

And give your self a little peace of mind.

YOU EARNED IT.
YouTube - "Peace of Mind" Loggins and Messina

Nanoo-Nanoo wrote on Fri, 6/15/2012 - 1:43 am

Well now, I see improvement! We have a pre-pre credit crisis response team. It is ready, able and willing to flood the markets with liquidity!! The deals are flying fast.

We're saved!!

So, we have a euro/uk version of TARP set to go off like a hair trigger rat trap. Oh my, and likely (I haven't had the heart to look at the details yet) it is the same sort of deal as before for those kind bankers; meaning, free money-no strings attached, guaranteed to produce a return on that free money without risk. Again, citizens of what was thought to be free nations come to terms with their serfdom.

Dave: My glod, its full of Euros.

--- - .. ... .... . .-. - --.. wrote on Fri, 6/15/2012 - 1:49 am

All these nations like The PIIGS, Japan, The US, China, all ride on exploiting the transactional value in their respective currency franchises. When you analyze it deeply they are merely video game owners, their entire existence hinged on more and more players. We have achieved a universality of information wherein good ideas naturally proliferate. There is a coming awareness of the ability to facilitate exchange in completely innocuous unarguably benign ways that completely undermine the aforementioned monopoly franchises.

There are many ideas exponentiating in the sphere of our connection such as time banks, complimentary currencies, banking in commodity warehouse receipts, localized energy money, crop shares.. all these things can represent in part a component of the commonly understood elements of a currency like medium of exchange and store of value. Simple open source community software like Cyclos: Cyclos - Open source on-line banking software or this Austrailian online host of time banks and mutual non monetary exchanges: Welcome to the Community Exchange System can automatically combine these elements and create a liquid substitute for vanishing debt money.

Think of an unemployment office with a bunch of people sitting around waiting for someone else's dollar to fly through the door and activate their skills. Makes no sense when you consider how they could simply trade skills among themselves for free and derive real economic value from trading their skills for the skills of the others who are sitting right there.

These types of ideas are uncontainable. As the denial of debt deflation continues and available cash resultantly decreases there will be greater acceptance of mutual exchange outside of the established debt money monopoly. This will not occur in any revolutionary form. It will come from people who know nothing of economic concepts but only of survival.

merchants of fear wrote on Fri, 6/15/2012 - 1:51 am

YouTube - Kinks - You Really Got Me (1972) Beat Club

merchants of fear wrote on Fri, 6/15/2012 - 1:57 am (in reply to...)

Makes no sense when you consider how they could simply trade skills among themselves for free and derive real economic value from trading their skills for the skills of the others who are sitting right there.
This will not occur in any revolutionary form. It will come from people who know nothing of economic concepts but only of survival.

This sounds like aspects of an underground economy.

merchants of fear wrote on Fri, 6/15/2012 - 2:00 am (in reply to...)

More ... and more

Bad Dawg Bobby wrote on Fri, 6/15/2012 - 2:00 am (in reply to...)

NICE !

The kinks That is from the Start

YouTube - Moby Grape - It's A Beautiful Day Today (1968)

enjoy this love. I do not know how long I can share THIS BEAUITY.

Anak wrote on Fri, 6/15/2012 - 2:03 am (in reply to...)

Rajesh wrote:

The E.U. has careened from one "crisis" to another. The solution in each instance has been "more Europe", meaning more power to the elites building and manning the ivory tower of European bureaucracy. At the first out beak of danger, every one trotted out their pet solution to extending the European architecture: Euro bonds, Fiscal supervision, Labor market deregulation.

The leaders of Europe have been trained that economic crisis is another opportunity for empire building. Policies that simply invite the next crisis have an edge over more rational, well thought out policies.

That they have been steadily advancing to the edge of the abyss has just been another tool in the drama they use to empower their control over the populace. The possibility that they might go over the edge was never considered.

QFT. I admire the insight and cogency of Rajesh . . . again.

merchants of fear wrote on Fri, 6/15/2012 - 2:08 am (in reply to...)

I admire the insight and cogency of Rajesh . . . again.

Yeah it's ALL about Europe and not the interlocked, systemic risk, international investment banking cooperation, pro rata loan shares, securitization/derivatives schemes, and collaboration...

merchants of fear wrote on Fri, 6/15/2012 - 2:10 am

Think systemically risky derivatives.

Anak wrote on Fri, 6/15/2012 - 2:18 am (in reply to...)

merchants of fear wrote:

Yeah it's ALL about Europe and not the interlocked, systemic risk, international investment banking cooperation, pro rata loan shares, securitization/derivatives schemes, and collaboration...

Sarcasm noted, but consider that your interlocked systemic risk has been careening from crisis to crisis since, what, LTCM, and love it or hate it, stick saves, backstops, special facilities, regulatory and accounting forbearance, and trillion dollar bailouts have forestalled a meltdown year after year (while grossly enriching the right players).

Without noting the precise time on Conjure's clock, it appears that jig is about up. Why? Could be physics, or see Rajesh's comment.

In any event, if there are historians to pick over the rubble, maybe their perspectives will inform all who remain.

Nanoo-Nanoo wrote on Fri, 6/15/2012 - 2:18 am

FT Alphaville » Operation Black Cloud: snap reactions

Anak wrote on Fri, 6/15/2012 - 2:21 am (in reply to...)

--- - .. ... .... . .-. - --.. wrote:

Think of an unemployment office with a bunch of people sitting around waiting for someone else's dollar to fly through the door and activate their skills. Makes no sense when you consider how they could simply trade skills among themselves for free and derive real economic value from trading their skills for the skills of the others who are sitting right there.

These types of ideas are uncontainable. As the denial of debt deflation continues and available cash resultantly decreases there will be greater acceptance of mutual exchange outside of the established debt money monopoly. This will not occur in any revolutionary form. It will come from people who know nothing of economic concepts but only of survival.

My brother, who's handier than I am with just about anything, once asked me who needs a job when there is so much work to be done?