Financial topics

[vincecate]

I wish I had more dry powder, I would love to get more S&P puts, more Yen puts, and more SLV calls at these levels.

[aedens]

http://www.zerohedge.com/news/2013-11-2 ... -revisited

[aedens]

http://www.vatican.va/holy_father/franc ... um_en.html

http://www.nytimes.com/2013/06/12/world ... d=all&_r=2&

[at99sy]

http://www.nytimes.com/2013/06/12/world ... d=all&_r=2&

"One guard, however, made a point of correcting the way a question was phrased. “There are no prisoners here,” she said sternly. “They are all students.”"

lol
cheers
sy

[aedens]

http://www.nytimes.com/2013/06/12/world ... d=all&_r=2&

"One guard, however, made a point of correcting the way a question was phrased. “There are no prisoners here,” she said sternly. “They are all students.”"

lol
cheers
sy

http://econlog.econlib.org/archives/201 ... ead_b.html
https://mises.org/books/TRTS/
http://gdxforum.com/forum/viewtopic.php ... ead#p17519
Javert lives it appears

Wed Jan 09, 2013 : They will operate at a loss since they are sitting on cash. You will not make it across the river Styx, they are the Ferrymen. Energy margins, right sized, Tranny cost and cluster manufacturing sites will survive if they are chosen. The fine to the Bank are pangs to the actors to come.
We can hear the footsteps. This is how the Eurodollar market began back in the early 1950s. The Soviet Union sold gold for dollars, but was afraid to keep the dollars in an account in New York, where they might be blocked for Cold War reasons. Moscow started a dollar-denominated account in an Italian bank known as “Eurobank,” where it felt safer from seizure. In the 1956 Suez crisis, when Britain and France landed forces on the Suez Canal to prevent its nationalization by Egypt, President Dwight Eisenhower looked for ways to pressure London to call off the attack. Clearly, Washington could not take direct military action against NATO allies. Eisenhower turned instead to financial warfare.
The market is dead, long live the market... Emptor of the things Larry cannot utter as gold moves to trusted zones.
Taxpayers are in full retards and deserve exactly what they are.

[aedens]

Kool aid found to induce insanity and we have proof....

Selected extracts from CLSA's Russell Napier:
Inflation has fallen to 1.10/0 in the USA and 0.7% in the Eurozone and we are now perilously close to deflation.

Mon Jul 29, 2013 : Last time we looked at it we estimated spring. Is it safe to note the current rate was an olive branch from the
financial repression paper tigers since the abuse to simply preserve capital for those righty scared out there animal spirits.

These people are brain dead and it gets difficult to explain over the stench of the bleeting sheep paddocks also.

2013 estimate 17,547,936
2014 estimate 18,499,909
2015 estimate 19,426,503
2016 estimate 20,391,198
2017 estimate 21,325,493

Millions being wiped out since food or aca and why work for nothing and taxed to utter extinction from the aca fsa.
tick tock

http://object.cato.org/sites/cato.org/f ... 013_wp.pdf

0 will ride into the sunset watching you idiots. And the people who truly need help are left to languish from
taxpayers with no spine. For those who went from the total analog to digital you know of what I speak
on what is and what was and why. Impossible for the folks to admit what is now. The calvary is not coming
to save you. Just produce more dimmcrats to finish you off since we can chauk off thirty years from the 200 year
party plan.

As Higg noted before "the case in the US. Nearly every large US state is bankrupt - California, Illinois, New York, etc. The only US states
I can think of off hand that might be as solvent as Sweden, Norway, The Netherlands, or maybe Germany would be Texas and North Dakota.

They will tax us until we stall and now they the swamp idiots complain horders are the problem. They are flat broke you idiots
and even locally they bleet more taxes to balance our deficit. Again these people are beyond full retard kool aid government inbreds.

[Higgenbotham]

DOW.gif (41.95 KiB) Viewed 3678 times

RUT.gif (45.02 KiB) Viewed 3680 times

big.gif (38.77 KiB) Viewed 3680 times

[aedens]

We can scratch off the netherlands from the latest credit ratings hit.

http://wiki.mises.org/wiki/Regime_uncertainty

You must admit the kool aid runs deep.

At some point you either stop listening and pick yourself up and then
slowly walk away. We are well into that notioanal value since many
stopped looking in the rear view mirror. They offer nothing but toxic
attacks to preserve the myopic quo. When do the #bittards figure out they
have been co opted since the first seed at the farm they missed from day one.

other: http://www.gpo.gov/fdsys/pkg/PLAW-111pu ... ubl148.pdf

It is not not how but when.

[aedens]

Obscured trends http://solarcycles.files.wordpress.com/ ... /2dec1.png

I will consider delivery at $16.00 meanwhile, ...plant Dimons head on a stick, displayed in front of the Comex with a brief note stapled to the forehead explaining the relevence in reaction to the naked shorting, as we wait for the next schill to boldly take his place I would suggest the buying opportunities shall swiftly diminish. h/t sb

They offer a olive branch to discuss why they think team purple are better sociopaths
than the palate of 16 million shades of grey.

The problem is not what Keynes wrote, but how it has been perverted (sic) for expropriation or pork politics.
Keynes in his original thesis suggested that Government should be only THE LAST RESORT, and that persistent use of Tax conduits to warp Demand will lead to economic scarring in both industries dependant on Government largesse to cover their own structural deficits and malinvestment for ego projects vs. real-return IRR. You can crank out all the goods in the world, even invent a damn Fusion reactor but it won't mean shit if people lack the knowledge and purchasing power to actually use the damn thing. He even sourced 'new energy projects' in his lectures as a case study in where plowing gobs of capital will permanently screw up both the consumption habits of people and how they view Government. Go figure (How's the Ethanol subsidies working out for MENA food inflation and gasolines prices these days ? During those periods of growth, and when G should not be needed the G should be kept to a minimum in the GNP (GDP didn't exist yet) and I & S should be the key drivers for L's consumption. If G does anything it's only role should be as a kick starter, with immediate repayment for projects where there is zero immediate economic revenues, such as National Railroads / Infrastructure vs. Regional cartels and more importantly building a war chest of Funds or SWF for when shit hits the fan. IMF and by extension World Bank is exactly this, a policy instrument to be only used for when countries are on the Occam razor of nationalist redistribution or blowout debts due to rampant government ego building.
That last sentence did not sit well with Keynesians public policy schools which did not like the whole aspect that their mighty policy wonk work must sit on the shelf for 90% of business cycles. So they just assumed that the market is in constant economic turmoil, and government must be constantly in a state of intervention. Thus giving them relevance and so the cottage industry of Keynesians schools was born post-1940. And so, here we are.
As I heard tonight from 0 staff in 2017 things will be better. As noted above it pattens to archetypes plainly understood from these maniancs.

Keynes, having seen the fun that was the Jewish pogroms and spectacular collapses in East Indian and MENA stock bubbles in the 1890-1920's disagreed that if the market corrected 40%, people would rather revert to mob mentality with feudal structures vs. a mercantalist state. Way easier to blame a bunch of guys in suits vs. explaining to a bunch of squibs that investing in 300x P/E companies was NOT sound market strategy. At least that was his opinion to his death. A dead currency is far better than a dead nation, or a nation where half of the nutjobs decide to scapegoat the other half for all the problems every 30 years. The guy also ran a fund for a few years, including having the Queen's trust fund as an LP client. So he also had that going for him in getting his view out.

From my cousin and whats up with Yitzhak Kaduri for you noobs.

[John]

Der Spiegel predicts a crash

Der Spiegel is well to the left of center, and usually applauds even
the most dangerous radical policies advocated by far leftists like
Paul Krugman.

But today, Der Spiegel is predicting a crash.

http://www.spiegel.de/international/bus ... 36823.html

Central banks around the world are pumping trillions into the
economy. The goal is to stimulate growth, but their actions are also
driving up prices in the real estate and equities markets. The
question is no longer whether there will be a crash, but when.