Han Sang down 3.5%
US DJIA futures off 129 pre-open
No bounce Monday
Sure we've been in a recession since about October but nobody important cared. That is about to change as the dirty money changers and their vassals in the halls of governance are poised to be hurt in the only place that really matters to them; the wallet.
29 comments:
FIRST to start moving to Euros!
Abandoning the Dollar has been the best trade around for years. Be careful when foreign markets melt down though. There will be a time to come back.
What does PPT stand for guys? Previous post by Dawg
Rob watches a lot of science fiction so he believes in a secret psuedo-government entity that manipulates equity markets called the Plunge Protection Team. We humor him because he is in a delicate state of health.
Ohhhh "w" you feeling nasty? Of course there is no PPT. That said there is obviously some serious market manipulation attempts going on. They don't always work and they never work for long and spikes are not necessarily a smoking gun but as we mess around on EN the smart folk on CR are openly debating thee issue of naked short selling.
I've got a feeling those moving to Euros are doing so in accounts not located in the U.S.
And that money's never coming back...
Waiting in line..
That was then...
This is now
It will be interesting to see if any dollar manipulation can grab hold. In this environment it wouldn't take much. Maybe Chavez and Iran playing their hole card and denying the US dollar denomination of oil. Maybe just a bunch of numbskulls lining up at IndyMac branches. ENrs knew what to expect. Now I'm saying IndyMac Federal is a pretty good spot. My remaining IndyMac CD matures in October but with the takeover I can move it anytime I like with no penalty. Sweet.
You're here because you know something. What you know, you can't explain. But you feel it. You felt it your entire life. That there's something wrong with the world. You don't know what it is, but it's there. Like a splinter in your mind -- driving you mad. It is this feeling that has brought you to me. Do you know what I'm talking about?
Neo: The PPT?
Morpheus: Do you want to know what it is?
(Neo nods his head.)
Morpheus: The PPT is everywhere, it is all around us. Even now, in this very room. You can see it when you look out your window, or when you turn on your television. You can feel it when you go to work, or when go to church or when you pay your taxes. It is the world that has been pulled over your eyes to blind you from the truth.
Neo: What truth?
Morpheus: That you are a slave, Neo. Like everyone else, you were born into bondage, born inside a prison that you cannot smell, taste, or touch. A prison for your mind...
board - I wouldn't be shifting to euros so quick. I have a non-us denominated CD, but it isn't with euros. I know everbank now offers a brazilian real cd with 5% yield, 3 month duration, and there is a currency begging for revaluation up vs. the dollar.
RobDawg - Your thoughts on solar in the SW & Cali displacing nat gas is pretty much what Mr. Pickens echoed in his Wind Plan rationale. I'd love to see both Solar and Wind be developed to the point of displacing Nat Gas and some coal. I'm trying to figure out how the Dems haven't figured a way to open offshore drilling to oil companies but the land leasing proceeds will go to fund alt energy infrastructure.
The PPT is everywhere, it is all around us... You can feel it when you go to work, or when go to church or when you pay your taxes.
What if you don't do any of those three things? ;-)
@Casey Serin wrote:
What if you don't do any of those three things?
Follow the rabbit. Speaking of which, Vee Dubs was a Jetta, right? I still want those emblems.
Speaking of which, Vee Dubs was a Jetta, right? I still want those emblems.
Talk to my ex-wife, she got the car after the divorce. That's OK, though... I'm looking at getting something along the lines of a hot pink Miata. ;-)
BILL IN NC, If those moving dollars to Euro's are Americans then those dolalrs will be taxed very effectively by the IRS as they have just about broken down all of the secrecy once afforded some European banks. The way they have infiltrated Swiss banks and the new laws regarding renouncing citizenship and fleeing with your money (it is now taxed immediately upon renunciation) are very real and very scarey in a way that makes the me think of the Matrix.
CASEY, You are too funny.
ROB, You know laughter is the best medicine. I was worried about putting to much stress on those new seams in your artery.
ROB, did you happen to catch the story in the Star about Ventura jacking up the rates for water and sewer? About $20 a billing cycle if you only use 18,000 gallons of water.
Yeah, I caught that. The real story is that in order to accommodate their massive densification plans they need to beef up the entire network but their scheme is already so expensive they have to charge the victims instead of the perpetrators.
I almost vomited while listening to these guys on the NewsHour this evening.
Just a reminder for those who don't track history or prefer to forget it:
A. Keating Five
B. Savings and Loan Crisis
Akubi, check the posts on the last story.
I am not so sure why anyone thinks the Euro is the future currency of choice. Last I heard, Europe is facing a shitstorm of a housing bubble worse than ours, plus a growing trade deficit and a demographic crisis. Worse, the citizens of certain European countries want OUT. Imagine if California residents wanted out of the US dollar.
Imagine if California residents wanted out of the US dollar.
Hey, I want out of the greenback... that's why I'm hoarding gold coins under my bed -- along with red balloons, orange stars, yellow moons, green clovers, blue diamonds, and purple horseshoes. ;-)
The banks must be recapitalized.
Today I got 4 credit card applications in the mail. 4!
Have not seen such a thing in 10 months. Immediately shredded them.
Didn't need Casey getting a hold of a fresh credit card application as we know he doesn't care if it is in his name or someone elses.
h.
To be filed under the PAY YOUR FRICKING BILLS.
Deadbeat family skips on paying for tomb stone and then has the gaul to call the local tv station to complain that the stone cutter repossessed the piece of granite after a year of non payment .
http://www.myfoxboston.com/myfox/pages/Home/Detail;jsessionid=1EFB1A1B772063205108D9860BC11C52?contentId=6976126&version=1&locale=EN-US&layoutCode=VSTY&pageId=1.1.1&sflg=1
I wonder if this is in Casey's future.
h.
I wonder if this is in Casey's future.
Nah... just wait until I rip off the wrong person -- no tombstone needed for me, just a duffel bag and some cement blocks to weight it down. :-p
... and if you think it can't happen, remember that I'm the guy who left my own mother on the hook for almost $25K in sweet corporate credit!
Hey Guyz,
This is the problem: if the U.S. of A implodes we won't have enough Lubas to keep us "afloat" like the former Soviet Union.
Hey Guyz,
This is the problem: if the U.S. of A implodes we won't have enough Lubas to keep us "afloat" like the former Soviet Union.
Repo'ing a cut tombstone is asinine and (I hate to say it) vicious. It's not the granite the cutter was to be paid for but the work he put in cutting and prepping it and installing it. He has a right to try to collect and should sue the family if it comes to that, but to take back the stone is like an unpaid electrician coming to your house and ripping the wires back out that he put in.
> FIRST to start moving to Euros!
No you aren't...
> Last I heard, Europe is facing a shitstorm of a housing bubble worse than ours
Only the bits that rely completely on English money, such as the Spanish costa. Ireland also had their own internal version of the bubble fever. France, Germany and many other countries will be just fine. Inflation is a more important and structural problem for many EU members.
"The group projects that most families' wealth will drop to 1989 levels, if not lower.
Even if home prices stay flat through 2009, the median household headed by someone between the ages of 45 and 54 will have 25% less wealth than their counterparts five years ago.
If prices fall 10%, those households will have 35% less wealth."
http://silverbearcafe.com/private/7.08/doom.html
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