Sunday, July 12, 2015

CONFIDENCE

Not really a great week for the GreeKs. Right now they're a pawn in the great game of Wonky Wonks. Herr Schauble says jump this high one day and Big Mama Germanmeister says maybe not that high, hold on a minute. Its become a daily comedy act as the One Quadrillion can of worms gets kicked down the road ever more slowly. 

China is now in complete collapse. Once again it may not be straight down this week, but that scam is over. Its fiat driven margin mountain has peaked and is blowing like Yellowstone.  Kiss your Chinese gambling stock money good-bye. Your bones are going to be picked by the state. Look for hangings in China to become common place very soon....and they will be public. SOMEONE has to pay the price for this and the STATE will not.

Here's an easy prediction for this week....EVERYTHING IS FINE. Do you really think anything will change on the MSM? Watch over the next few weeks as earnings intensify. Without stock repurchases  (can you say ponzi) they would be horrific....but I'll bet they are mediocre but "overall positive". Top line misses will be spun as positive.  

Without all of the food programs and EBT we would have lines that make the Great Depression look like a party. There's no retirement savings for ANYONE over 50. We have checkers at retail stores in there 80s.......servers in their 70s.......all debt slaves..

On the road a few more days and hope you all enjoy the Kabuki theater. 

79 comments:

  1. When interest rise either through the fed or China dumping treasuries to shore up their ponzi, price inflation in the most highly leveraged countries like China will bring social instability. China will try to export their way out of this mess, but the global economy confidence psyche is toast. Unfortunately the masses must resist the urge for war as the easy out.

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    Replies
    1. Chinese CB got a little too greedy, they could have kept this going easily another 5-7 years. On good side everyone knows the upper limit of margin debt a ponzi can withstand.

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    2. once a bubble pops NO ONE not even the Chicoms can keep it floating,,,,but they're gonna try.....now back to my popcorn...its one helluva a movie Red....can't wait to see how they get to the end

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    3. Yes at some point that's true, everybody dies but hopefully no to soon and all at once..........

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    4. everybody dies but not everyone lives....

      thus waiting on the coming paper disaster is just facilitating your own death....it will happen when it wants too...not a moment before...

      Enjoy nature before it's gone as the cartel has nothing on nature.....all the other bs is just that....Nature is what is dying here...you folks should go enjoy it...before it burns up...

      Delete
    5. True again! "everybody dies but not everyone lives...." but I'll enjoy the wonders of the North East along with it's Godforsaken humidity, thank you very much....

      Delete
  2. "Not really a great week for the GreeKs." Now that's an understatement!!!!!!!

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  3. http://www.zerohedge.com/news/2015-07-13/1984-comes-europe-end-freedom-speech-spain

    Hehehehe......

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  4. Yup...... "Not really a great week for the GreeKs."

    http://www.zerohedge.com/news/2015-07-13/what-assets-did-greece-just-hand-over-europe-airports-airplanes-infrastructure-and-m

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  5. What holiday do the Jehovas Witnesses hate most? Halloween, where a bunch of random strangers knock of your door hehe Say what you will about the Jehovas Witnesses, but they believe that all institutions founded by man are corrupt, maybe they have a point.

    But alas, we are all Greeks now and here is our modern, 21st century monetary system.
    http://www.deardemocrat.com/node/626/print
    ... and after a long day's work on payday, after Federal State Local Fica Medicare Medicaid etc. etc. etc. half your paycheck is already spent before you even get it and the cost of things you need are all manipulated, time to take a deep breath. it's Monday again, time to go to work.

    -OH

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    Replies
    1. Now we know why!!!! hehehehe

      https://www.youtube.com/watch?v=8yteMugRAc0

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  6. GS structured products that hid Greek debt so they could enter the EU. Say it isn't so!
    God only knows what they've structured for the U.S. We're at $18 Trillion and counting, NOT counting state and local debts.
    Party on! The pols don't care.

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  7. Almost forgot--it's Cloward Piven, Cloward Piven, Cloward Piven...remake the country. First read about that in 2008.

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  8. KLI: I assume you are traveling right now. What are you seeing on the front lines? Are the restaurants full? How do the strip malls look?

    The last few times I've traveled, I've seen packed airplanes, full restaurants and very few beggars. Those EBT cards must be very generous.

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    Replies
    1. hot money is everywhere...all my sales regions are hitting quota and buyers are spending money....and I work in the biggest vertical on the planet...

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    2. All depends on where you are, Big Chitty still tons of stupid money sloshing around, LI & Outer Boroughs not so much but there are pocket's......

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    3. love anecdotal observations and i do observe. and Jay its not good. real estate VERY spotty and freezing up in many regions now. Lots of people with no money buying new cars and trucks with no down and 6 year loans......house sales suddenly soggy.....Great in a few locales however....so depends where you are.... hot money beginning to get pulled back but i thin they have to restart QE this year or we go into hell by fall so I just eat my popcorn.....hehehehehe......its an illusion and the smart money knows it and is buying anything that is real. just keep watching its a great movie.....somebody dies in the end as Red says......BWAAAAAAAAAAA.....

      Delete
    4. Here's a few fact's, not many but a few.....

      http://www.zerohedge.com/news/2015-07-14/snow-summer-confirmed-retail-sales-tumble-most-february

      "All is Well".....?????

      Delete
    5. 6 years??

      http://www.prweb.com/releases/bad-credit-auto-loans/complete-auto-loans/prweb10626895.htm

      http://jalopnik.com/the-97-month-car-loan-is-the-craziest-new-car-buying-tr-472876323

      "The average price of a new car is now $31,000, up $3,000 in the past four years. But at the same time, the average monthly car payment edged down, to $460 from $465—the result of longer loan terms and lower interest rates. In the final quarter of 2012, the average term of a new car note stretched out to 65 months, the longest ever, according to Experian Information Solutions Inc. Experian said that 17% of all new car loans in the past quarter were between 73 and 84 months and there were even a few as long as 97 months. Four years ago, only 11% of loans fell into this category."

      Keep in mind it's a little dated but anything to keep that monthly payment in line hehehehe

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    6. Tom: Cars are the new sub-prime loans (although sub-prime loans never really ended).

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    7. Sub-Prime??? You got to be kidding!!!

      I thought all these Car sales were due to all the hot money sloshing around hehehehe

      Delete
  9. See?: http://finance.yahoo.com/news/democrats-call-major-change-social-130000013.html
    MOAR money for the "poor".

    ReplyDelete
    Replies
    1. So the Democrats saw what happened in Greece and decided to Socialism works well!! :)

      Delete
    2. Yup and they like it so much, they're gonna keep doing it......

      http://www.nationalreview.com/corner/420896/massive-government-overreach-obamas-affh-rule-out-stanley-kurtz

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    3. Whose going to fund all of the low-income housing to be built? The developers?
      Charlotte was the national example for forced busing. There are so many private schools here now that I can't keep track of them all. So again, all that did was to negatively affect the middle class...you should here the kids I know in public high schools (not all of them) talk about the fights, guns and knives! They put the perps in a special school for a coupla weeks and then send them right back. I really feel for what they have to contend with.

      Delete
    4. Sorry "hear"...Tom, you are sure a bad influence, lol!

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    5. sister.... watch the movie "Waiting for Superman" someday.

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    6. Sister, stay in CEMP, it will be bought out higher than $75.00, they have best in class super antibiotics...Start buying PTX here or wait until down move in fall. OSIR is just a gift that is start really giving presents over next 30 months...it will be bought also...in the 100's...

      Even though a stock symbol may seem to be riding high and you would think it will pull back, double check yourself. I sold out of RCPT at 80+, it just sold for $232 PPS to Celgene today....

      Delete
    7. Thanks for the updates honest. Bios can be so tricky, your suggestions have been +. Missed the RCPT. CEMP has been a good one and OSIR too. Will watch PTX...many thanks again. Made a small trade with GENE as well. It's down so much I'm tempted again.

      Delete
  10. This will make for "Sum" interesting tit for tat......

    http://www.zerohedge.com/news/2015-07-13/censored-sanction-barclays-freezes-accounts-russias-news-agency

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    Replies
    1. Hey Tom,

      After reading this article below, makes you wonder what that whole cold war was about. Tell me why, I hate Mondays, tell me why.

      http://charleshughsmith.blogspot.com/2015/07/diminishing-returns-on-central-planning.html

      -OH

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    2. OH,

      For Truth, Justice & The American Way..... didn't you get the memo?

      btw: that F-N song is stuck in my head! Hehehehe

      Delete
  11. Look's like Sum One doesn't think much of the New,New New Greek Deal.....

    http://www.zerohedge.com/news/2015-07-14/varoufakis-greek-deal-coup-turns-greece-vassal-state-and-deals-decisive-blow-europea

    ReplyDelete
  12. Hot Money.... Yup

    http://www.dailymail.co.uk/news/article-3160157/Living-America-s-1M-city-average-San-Francisco-residents-forced-live-cars-trailers-garages-tents-Silicon-Valley.html

    ReplyDelete
    Replies
    1. yep..its pretty tough here if you have a job paying under 40K...not much better at under 60K, the light starts to shine thru the fog at 80K+

      Like all bubbles it will burst....2008 is a long way in most people thinking around here...it will come back to bite many unless inflation according to what the fed says is created somehow...

      The studio across the street is renting for $1400 ,mos. if you need a place to call home...Somehow I will talk my wife into selling this place soon....a lot of honey do's will be the key or at least I hop...

      Delete
  13. Well I guess that settles it, Hot Money all around!!!! Hehehehehe

    http://www.zerohedge.com/news/2015-07-14/dow-tops-18000-bad-news-good-news-meme-back

    To the Moon Alice!!!! BAHWAAAAAAAAA

    ReplyDelete
  14. Iran deal is done!
    Greece deal is done!
    China stocks are happy again!

    Hail Obama!

    ReplyDelete
    Replies
    1. You guys are so funny! Tom, did you read Armstrong's take on the Iran deal? Sure makes sense to me considering Mr. Pres and his handlers.

      Delete
    2. Yeah, sure did, as plausible an explanation as any I've read so far.......

      Delete
  15. Mother of God! This buffoon Tom is an insufferable moron. Do you realize how much money you could've made in this stock market instead of spending the last 7 years mocking and ridiculing the biggest money making opportunity of our lifetimes?

    Keep quoting "MOAR" ZH articles, you worthless fool. Hehehehe.....

    ReplyDelete
    Replies
    1. "Mother of God" hehehe that's funny, didn't your Mama ever tell you not to put all your egg's in one basket, you simple fool!!! Who say's I'm not partaking in "The Greatest Bullchit Market Evvvvvvv'a hehehehe

      No problem Skippy, I'll keep posting "MOAR" ZH and why not, hehehe The truth Hurt's.....

      'It's just a fantasy
      It's not the real thing
      It's just a fantasy
      It's not the real thing
      But sometimes a fantasy
      Is all you need"

      Stupid Putz

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    2. Buddfox: How much has your net worth increased in the last 7 years? Just give us a ballpark.

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    3. Million's!!! Million's he'll tell ya!!!! 1000% he's a trading genius!!!!

      Oh and he keeps all his valuables in the Safe Deposit Box at the Local TBTF Bank.....

      Delete
    4. Buffoon Tom, why don't you admit that you and kli are dumbshits and have no business even looking at the markets.

      Delete
    5. How bout' I'll admit and you should too, that your the dumbest person on the Interweb........ Now play nice and answer Jay's question!

      Stupid Putz

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    6. Great Caesar's Ghost!

      Answer the man's question Skippy!!!!

      Stupid Putz

      Delete
  16. Mother of God!

    Skippy, Answer the Man's Question!!!

    He's a fan of yours for Christ Sakes!!!!


    Frigging Putz

    ReplyDelete
  17. Wanted to know if anyone has any predictions on what happens when Greece does get a deal done because I don't see them being allowed to leave the Euro, too much at stake, especially with this running closely in parallel with TPP, the agenda is obvious.
    ECB could easily print money like the fed but they want to set a precedent.

    Will we hit DOW 20k on the good news? hehehe

    -OH

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    Replies
    1. Just eating my popcorn and watching OH......but I'll take a shot. Bet they kick um out or suck um dry keepin' um in......either way "they" declare victory and the show goes on......BUT.......that doesn't change anything......virtually all of the Eurozone is insolvent INCLUDING Germany so its just the "dance of death" and the music must go on.........until it stops.

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    2. oh.....and thanx cartel for the Silver discount........hehehehehehehehe

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    3. My prediction: Europe and USA are toast...maybe not in the next few years, but it is now so obvious. Two Americas: one doing just fine, thank you and the other, not so much. It's the agenda.
      But in the meantime, Dow will hit 20000 and more IF there's a lack of a black swan.
      China still ascending but not without its own hiccups.

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    4. Again? Save sum for me! Hehehehe

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    5. Thanks for the predictions Kli and sister, if Greece goes the PIGS may follow and there goes NATO and Greece would go to Russia and the BRICS and we can't have that especially with Ukraine so Europe will get a phone call to put a deal together at all costs but yeah everyone is insolvent but this is kinda like the TPP where the creditor calls the shots for other countries, stepping stones to an unelected financial takeover of the planet where all surplus revenue goes to pay interest on debt from money created from thin air and all I can say is wow, make money in the "market" because it is going up hehehe.

      -OH

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  18. My prediction, Euro will be saved at all costs, Greece debt restructured, algos drive markets up and happy days are here again and as they say in hockey, stick save and somehow the elites make it out without a scratch, somehow someway, but maybe I am blinded by my cynicism. Waiting or real markets and price mechanisms but may not happen in my lifetime?

    -OH

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    Replies
    1. OH,

      Looks like you might be correct......

      http://www.zerohedge.com/news/2015-07-14/tsipras-stunner-creditors-said-countries-under-bailout-there-no-point-holding-electi

      "At this point it is probably also worth repeating what Latvia's outgoing president Berzins said two weeks ago:

      [the Greek] debt is so big that everyone understands that it won’t be repaid.... Loans to Greece have just bought time so that those in power don’t have to take decisions. This is like a game: who can hold out longer by not showing that this money has been lost? This burden has become bigger and there obviously is no possibility to repay.... The debt write down of Greek debt will come after bankruptcy of state."

      Delete
  19. Stock markets will respond eventually to the ponzi.........I have lotsa popcorn and lotsa time......my real concern is the REAL economy and ultimate impact on freedoms (already destroyed substantially unless you're blind) and the ultimate wars these type of changes bring.

    ReplyDelete
  20. Must read book for me "Straight to Hell" by John Lefevere

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  21. yeah....sure they can keep this goin'.......sarc off

    http://www.brotherjohnf.com/chinese-stock-plunge-resumes-with-1200-stocks-halted-limit-down-yellen-greek-elections-on-deck/

    ReplyDelete
    Replies
    1. No Worries Mate, didn't you see the "Data", fixed, it's fixed I tell ya!!!!!

      http://www.zerohedge.com/news/2015-07-14/everything-awesome-china-retail-sales-industrial-production-gdp-all-mysteriously-cru

      Delete
  22. "Point blank refusal to engage in economic arguments": http://www.newstatesman.com/world-affairs/2015/07/yanis-varoufakis-full-transcript-our-battle-save-greece
    And "we can't possible let an election change anything"...what world are you living in Bud?

    ReplyDelete
    Replies
    1. I heard a perfect word in an interview the other day that describes the AmeriKan people, like on Pee Wee's Play house, today's secret word is "insouciant". Fancy cell phones, free healthcare, stock market highs and so much unpayable debt. Who cares everything you do and say is recorded, you're not doing anything wrong right? hehe. Like KD says, if you don't care then why should I and we all go down together.
      Off to the cotton fields....

      -OH

      Delete
  23. Hammer-Time.... Again!

    http://www.zerohedge.com/news/2015-07-15/gold-silver-slammed-eurusd-plunges-109-handle

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  24. Sis,

    I guess Charlotte is becoming the New New York.....

    http://www.charlotteobserver.com/news/business/article27254554.html

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  25. No Tom we've been inundated for many, many years. This doesn't surprise me at all.
    There is article after article every day like this, but certain people insist that all is well: http://www.marketwatch.com/story/oxfam-says-lack-of-sec-rule-contributing-to-oil-fueled-corruption-2015-07-15

    ReplyDelete
  26. KLI: What's next for the SnP? The gonna take it to 2500 by years end?

    Will we see QE Infinity Part 2? Have you ever seen the Fed Chairwoman this nervous at the same time stawks are reaching record highs? These are strange times.


    Got any extra popcorn?



    ReplyDelete
    Replies
    1. Make that Candy Coated Pop-Corn......

      http://www.zerohedge.com/news/2015-07-15/wsj-notes-chances-chinas-data-real-very-low-then-promptly-scrubs-it

      Delete
  27. dunno Jay...its all a scam that's apparent to most professional market participants and they're worried. They know when the door closes that it may be hard to get out. My only prediction is most of us will have a hard time gettin out of any paper assets ie. see China current market conditions..... Restrictions will be imposed on trading when the fear index hits puke zones and "everything is contained" will be the signal its over. So I'll repeat Dunno.....Don't care.......but I am fascinated by the theater of the absurd and will keep watching.

    ReplyDelete
    Replies
    1. You bring up an salient point and obviously it's not the first time but as we can see in Greece and now in China, it's one thing to look at returns, lock stuff up in Safety Deposit boxes or statement balances but when things go sour, it's something entirely different getting out....

      What yours, is theirs......

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    2. I'm more interested in this type of future'
      '
      http://news.goldseek.com/GoldSeek/1436974714.php

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    3. That was a fascinating read KLI. Thanks for sharing.

      Delete
  28. http://www.msn.com/en-us/money/markets/congressman-screams-at-yellen-you-did-nothing/ar-AAd0RuT

    ReplyDelete
  29. http://www.zerohedge.com/news/2015-07-15/shocking-2008-aig-report-laying-out-motives-behind-europes-perpetual-crisis-and-deat

    ReplyDelete
  30. http://www.healthnutnews.com/fifth-holistic-alternative-doctor-33-found-dead-in-florida-making-5-dead-and-5-more-missing-doctors/

    ReplyDelete