ganjasuiteseat
Member
amenWhen guys quit getting laid because of gas prices. Cant get any worse than that.
amenWhen guys quit getting laid because of gas prices. Cant get any worse than that.
The Fed may indeed lead us to the path of destruction. Wall Street is arguably making sure the rest of the world goes with us. If or when this happens, money won't disappear, it'll just aggregate into fewer hands.
To young to die now is it? What a fucking joke.Asked about the fate of the economic "recovery", which incidentally is nothing more than a $2 trillion dollar dilution-funded blip on the depressionary downtrend commenced in December 2007, Greg Peters, the head of fixed income research, at Morgan Stanley, the firm whose other fixed income strategist Jim Caron will now have been proven wrong three years in a row following his annual broadly bullish call for a jump in rates (not based on bearish considerations such as those postulated by Bill Gross... bullish), tells Tom Keene that the recovery is "Too Young To Die." Yep. That's the justification. Alas there was no mention that the 98 year old ponzi scheme perpetrated by the Fed since 1913 is now "Too Obvious To All." And when that fails, many of the same people who get paid huge sums of recycled taxpayer money to come up with catchy four word slogans while spouting flawed economic projections will suddenly find themselves "Too Pitchforked To Fly (Away To Non Extradition Countries)"
The world economy is losing strength halfway through the year as high oil prices and fallout from Japan’s natural disaster and Europe’s debt woes take their toll.
Goldman Sachs Group Inc. now expects global economic growth of 4.3 percent in 2011, compared with its 4.8 percent estimate in mid-April, while UBS AG has cut its projection to 3.6 percent from 3.9 percent in January. Downside risks also include a shift to tighter monetary policy in emerging markets.
“The world economy has entered a softer patch with the incoming growth data mostly disappointing,” said Andrew Cates, an economist at UBS in Singapore. “We suspect this soft patch will endure for longer.”
Yeah, I buy the chocolate and pb snacks at the store because they're cheaper than candy bars. One day I went to pick up a case, (lol) and the price had almost doubled. Back on the shelf it went.
The next week, here was a case with the old price. I chuckled that the clerk had marked the previous batch incorrectly.
Got em home and the old price made me hungry for one so I ripped open the case. Now get this, the boxes with 8 packs now only have 4! Same damn box but only half full.
Is this a new marketing strategy?
Uh... I just bought half a new car....
i think (and hope) you're right... and i guess everybody else is right now.Worldwide purification is in process and ain't shit the establishment can do about it, new age is coming, time where we use hemp for victory!
Yeah, I buy the chocolate and pb snacks at the store because they're cheaper than candy bars. One day I went to pick up a case, (lol) and the price had almost doubled. Back on the shelf it went.
The next week, here was a case with the old price. I chuckled that the clerk had marked the previous batch incorrectly.
Got em home and the old price made me hungry for one so I ripped open the case. Now get this, the boxes with 8 packs now only have 4! Same damn box but only half full.
Is this a new marketing strategy?
Uh... I just bought half a new car....
Is this a new marketing strategy?
Uh... I just bought half a new car....
Confirming our ongoing observations that the pursuit of leveraged beta is the only game in town ("Levered Beta Uber Alles: NYSE Borse Margin Debt Jumps To Three Year Highs, Investor Net Worth Remains At Record Lows") is this surprising confession by hedge fund titan Carl Icahn, who not only warns that the levels of leverage achieved in the current centrally planned regime is as bad as it ever was, and that some form of Glass-Steagall should return, but that, stated simply, the entire "system is not working properly." His warning, stated in a very politically correct fashion, is that "there could be another major problem" either next week, or next year. Which is not surprising: after all not only has anything changed, but the very same drivers of risk that nearly crashed capitalism in Q3 2008, are back and arguably stronger than ever. That the Fed is the last recourse mechanism preventing an all out systemic wipe out probably should not be a source of comfort to anyone. In the end, the Fed, as any other authoritarian institution promoting central planning, will always lose.
Relevant from the transcript:
"I do think that there could be another major problem. Now, will it happen next week, next year, i don't know and certainly nobody knows, but i don't think that the system is working properly. I really find it amazing that we're almost back to where it was, where there's so much leverage going on in the investment banks today. There's just way too much leverage and way too much risk-taking, with other people's money. I know a lot of my friends on Wall Street will hate my saying this, but the Glass Steagall thing or something like it wasn't a bad thing. In other words, a bank should be a bank. Investment bankers should be investment bankers. Investment bankers serve a purpose, raising capital and whatever, but i think today, and i know a lot of people won't like hearing this, what's going on today, i think we're going back in the same trap, and i will tell you that very few people understood how toxic and how risky those derivatives were. CDS were extremely risky the way they were used, and you look at Wall Street and you say, hey, they did it, but then you can't really blame the Wall Street guys. You can't blame a tiger. If you take a fierce man-eating tiger and put him in with a lot of sheep, you can't blame the tiger for eating the sheep. And that's the nature of the tiger. And that's the nature of Wall Street. I'm not saying they're bad but that's their nature, and the government should regulate finance."