+- +-

+-User

Welcome, Guest.
Please login or register.
 
 
 
Forgot your password?

+-Stats ezBlock

Members
Total Members: 46
Latest: Tony Ryan
New This Month: 2
New This Week: 0
New Today: 0
Stats
Total Posts: 12156
Total Topics: 254
Most Online Today: 2
Most Online Ever: 137
(April 21, 2019, 04:54:01 am)
Users Online
Members: 0
Guests: 0
Total: 0

Author Topic: Money  (Read 6318 times)

0 Members and 0 Guests are viewing this topic.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 21825
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Money
« Reply #525 on: December 24, 2018, 12:31:05 pm »
Be careful with that homeless stat. If it comes from official government statistics just remember those numbers are often massaged to make the incumbents look better. It is ALWAYS prudent to ask how the government arrives at those figures and then consider the ways this method of data collection is flawed and fails to capture some subsection of the population it purports to cover (examples RE provided is things that are typically forgotten). I am not saying government statistics are wrong but they should not be taken as gospel either. Take them with a small (or large) pinch of salt and always remember they are always designed in a way that flatter the government either by under-reporting (bad things) or over-reporting (good things).

How much could it be off? If it's off by a factor of ten, homelessness is still so low that it's a very small issue compared to the real problems.

I am old enough to remember when there were essentially no homeless people in America. At least none you ever saw anywhere other than Skid Row areas. No sign-bearing people on the street corners like we have now. You had to go to Mexico to see it.

It's a big deal suddenly because it's more visible now.

The bottom line is that anyone willing to do it (and more especially if you're disabled) can make a good living panhandling and holding your hand out.

Some are people down on their luck, no doubt. Many more are scammers. Whole criminal organizations have sprung up to milk the soft hearts of Americans as they sit in their cars at traffic lights. All kinds of fake charities.

Addiction and mental illness are far and away the primary real causes of real homelessness. No amount of redistribution of assets is likely to make it better.

Actually, it is BECAUSE people are generous and good-hearted, that it is getting bigger. Homelessness, in a city like Austin, pays way better than minimum wage.

If you reward people for standing on street corners with their hands out, more and more of them will be out there. That's the way feedback works.

I know I sound like the Grinch who stole Christmas when I say that, but it's 100% true.


I'm not going to discuss the grifters.  They exist but talking about them is a distraction which makes people forget about the genuine homeless and needy.  The numbers can be way off, that's obvious with a moments thought.  Homeless or traveling for six months?  Depends on your perspective.  Political Agendas-R-US.  And only looking at scum is confirmation bias besides being as cold as a dead fish.

30 in Ten Thousand is 1 in 333 in this game of horseshoes.    One in 333 makes it a real problem because it means 10 times that many are on the cusp of being homeless.  They are equally miserable.  They have a roof, perhaps not one they like and they are skipping meals all the time.  Now the math says 1 in 33. 

At one in 33 people being miserably f u c k e d does it matter yet?  For ever 1 of them you will have 10 more that are more than mildly depressed about their economic situations.  Whirling dervishes they try and get ahead but the Red Queen has them going.  Never experiencing success they may not be morbid, but they are not happy.


Does one person in three matter yet?

Homelessness is actually a good barometer of how things are going. Even if one dismisses the actual homeless as scum as Eddie 😈 does.  Even a small number shows we have a lot of unhappy campers. They are unhappy for very good reason and they are not all about running scams.


Quote
Q: Do you know why you don't see homeless people who are not trying to scam you at traffic intersections?

A: Because they are not there. They have better things to do.  Like trying to provide for their families.

Merry **** Christmas

Va te faire foutre!

Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 21825
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Money
« Reply #526 on: December 24, 2018, 12:43:20 pm »
I love Christmas , but I no longer believe in Santa Claus or the Tooth Fairy.

Who's the Scrooge now?


RE

Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 21825
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Money
« Reply #527 on: December 24, 2018, 01:26:58 pm »
Sorry AG. Markets go up and down. They will not, however, cease to exist in 2019.

Greed and fear will both be with us until the last human dies of starvation, probably sometime in the next hundred years, unless we get lucky.

Delusional capitalists will probably be among the last to starve. If anybody makes it past the bottleneck, they have as good a chance as anybody.

This thread was started by me, to make the point that the current oversold markets will probably bounce from here, and it showed the reasons for that. You know, like facts an stuff.

Even Wolf Richter expects a rally now. LOL. But you heard it from me first.

https://wolfstreet.com/2018/12/22/fangman-stocks-nasdaq-sell-off-tax-loss-harvesting/

I have been out of stocks completely since January 2018, not being that greedy, after all.

However, my XRP is up 13% in the last 24 hours. I do expect a lot of volatility.


Once again, you display the frame of reality reference (see: Social Darwinist MYTHOLOGY 🦍😈👹💵🎩🍌 🏴‍☠️) you were locked into since you were knee high to a grasshopper. As to your alleged profits, talk is cheap.

As to the dude expecting a rally, that's the relative stregth indicator (i. e. oversold technical analysis) HAPPY TALK. That don't work in BEAR markets, pardner,

Also, WTF does the fact that you started this thread or that stock prices go up and down have to do with the price of peaches in Denmark? The stock markets are crasing BECAUSE CAPITALISM is unsustainable, PERIOD. Your ideology cannot wrap its head around that irrefutable TRUTH. PERIOD. You will claim I am delusional and I will laugh in your face. You are a champion of a failed ideology, just like your hero Jordan Peterson. The voluminous barrage of right wing empathy deficit disordered talking points you have spewed here recently says everything anyone wants to know about your "philosophy" of Life AND is Evidence of your refusal to face the reality of how Capitalism has destroyed so many lives. K-Dog tells you the truth and you claim he is into "silly" righteous indignation, which to YOU, is equivalent to the "stupidity" of caring for anyone outside the circle of your family and friends.

As Chris Hedges says about Capitalist Oligarchs, whose MYTHOLOGY you TOTALLY share, "... appealing to their better nature is a waste of time because they do not have one".

However, you get your drawers in a serious bunch when DA MONEY goes away. Deny it all you want, money is "it" for you. So, it is laughable for you to claim you won't be angered by the cratering of your portfolio.
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 21825
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Money
« Reply #528 on: December 24, 2018, 02:44:53 pm »
You are a loser who lives in a trailer, subsisting on the benevolence of a government that takes money from people who actually produce some kind of value, and redistributes it to people who can't.

People exactly like me pay the taxes that keep your tiny remittance coming every month.

I vote for middle of the road candidates (when there are any to pick from) who keep the social safety net going that keeps people like you from starving, instead of voting for clowns like Trump, or the Paul Ryans and Mike Pences, the Good Christian candidates who would love to let you starve.

How about  a little gratitude.

You had many advantages in life, but somehow you managed to end up old and broke and mad at other people and a system that you blame for your problems instead of taking responsibility for them your own self.  Get a fuc king clue.

You better shut the fu ck up and crawl back under your rock, or I'm going to reveal some other truths you won't want to discuss.

The world would be a far better place if people like you tended to their own business and spent less time trying to pass judgment on hard working guys like me just trying to do the best they can, to get along in a seriously flawed world.

P i s s off. Your opinion doesn't matter. You are a powerless old fool with a penchant for big emoticons.

Stuff it.


Spoken like a true Trumptard. ::) Truth is rather painful for you greedballs, ain't it? You misunderstand my position. I am quite content with my fare in life.


I ENJOY the fact that I llive, eat and sleep quite well on a small pension BECAUSE I help the economy by spending a much greater percentage of my income to improve the economy than the deluded rich, who really fool themselves into thinking they are  "job creators" and "everyone is better off because of them ".

Pence is not now or ever has been a Christian. He's another reprobate con artist that wears the label. As to Ryan, I've made it rather clear how I feel about him.


As to your amusingly authoritarian claims that "Agelbert's opinon don't matter." and "Agelbert needs to show a little gratitude" and "Agelbert needs to STFU or the good doctor will tell all about Agelbert", I am accustomed to being maligned, defamed and otherwise lied about. It goes with the territory when you are a TRUE Christian.


Mon, 12/24/2018 - 13:02


Agelbert NOTE: CAPITALIST reaction to the above refreshing reality (after ten years of market rigging SOCIALISM FOR THE RICH for the express purpose of rignoring 😈 CRATERING ECONOMY REALITY):

« Last Edit: December 24, 2018, 04:27:46 pm by AGelbert »
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 21825
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Money
« Reply #529 on: December 24, 2018, 04:31:56 pm »
Dear AG.

How about that education at West Point? What did you do with that gift from the taxpayers? Why aren't you a general or something. You were groomed to be cog in the wheel of the USMIC.

You were once a young man of some small amount of privilege, flying your own plane at an age when I was busting my ass to pay for my own college.

I grew up in a "mobile home". I know all about the trailer park. You're kidding yourself, but I'm not fooled. You live in a fuckin' trailer.

Look. I used to kiss your delusional ass because i felt sorry for you, and because my default behavior is to be respectful. But you like to be an ****. So I'm going to take the gloves off and wipe the floor with you until you crawl back under your rock, or RE bans me.

Bring it on, loser. Let's talk about how you got screwed out of your "rightful" inheritance by your own sibs. I bet they tell a different story, btw.

You have a rather fascinating defintion of the term "gift from taxpayers". You are going all the way back to 1964 to dig up some juicy "parasite of society" alleged dirt on Agelbert . My old man had to fork up $300 for the uniforms on my way in, so You can be grateful that USMA made us "parasites" pay a little for the "taxpayer gift".  ;D

I've got to go exercise my old "loser" body now, but I will return to discuss the term "gift from the taxpayers", as opposed to "PRACTICED TAX DODGERS" later. I will also discuss any and all privileges I allegedly "squandered" while you were busy shoveling horse poo in stables to "lift yourself up by the force of your grit, will (and so on)", thereby "earning" your privilege while I "squandered" mine.

If I missed any part of the "truth" there, I am sure you will be happy to provide more details.
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 21825
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Money
« Reply #530 on: December 24, 2018, 06:10:13 pm »
How about that education at West Point? What did you do with that gift from the taxpayers? Why aren't you a general or something. You were groomed to be cog in the wheel of the USMIC.

An education from West Point isn't a gift from the Taxpayers.  It's a part of the MIC designed to groom young men to be leaders of warfare.  They failed in the task with AG.  He did go on though to have a good career teaching people to fly and then as an Air Controller, before the stress nailed him.

RE

NO.

He's just exactly like you.

He's the son of a rich man. He comes from privilege. He blew through a lot of opportunities, sabotaged his own life, and ended up sick and broke.

Now he's a socialist. A Good Christian who believes in the Golden Rule.

Not really much of a surprise.

None of which would bother me........if he didn't want to rag on my working-class ass. He's a **** fool is what he is, and he's in good company here.

I dare you to leave this post up. I don't think you have the balls.




I see the good doctor has left his gloves at the dental practice...

Here's the problem with discussing the VALUE of this or that way of living with a CAPITALIST. Their ideology frames "good" and  "bad" exclusively in terms of money. After that, it gets even worse. :P Anyone who does not embrace the "fiduciary responsibility" of making as much money as possible is somehow "irresponsible". 

Let's take the good doctor's assumption that I do not contribute to society (while he does) and therefore I am a "loser parasite".

In 1986, if my memory serves me, I was given a couple of awards as a Federal Aviation Administration computer analyst. You've all read about the dude that suggested mail boxes and other post office stuff be painted in one color that saved them millions, if not billions of dollars. Well, I haven't done the math, but a program for Air Traffic Control that I cooked up paid for (at least) 10 times the pension I will get in this lifetime, even if I live to be 120    ;D.

I had controlled traffic, both at the enroute air traffic control center level and the approach control level, before I got the computer analyst job. I was a good CAPITALIST in those days and I got this idea to save the gooberment some money by cutting ATC jobs. 

You see, there are well over a hundred approach control facillities in US airspace. They are (roughly) birthday cake shaped portions of airspace 30 miles in diameter and 10,000 feet high. The ATC Center "hands off" descending aircaft to the approach control with a "slew and enter" using his track ball and keyboard on the data block. It flashes in the approach control facility. The approach controller "slews and enters" on the data block, which causes its sector tag to change and it stops flashing. At the Enroute ATC Center, the sector tag changes, which signals the enroute ATC person to tell the pilot to switch to approach control frequency. All this was done over a land line before computer automation.

During moderate to heavy air traffic periods in these facilites, which are staffed 24 hours a day, they needed a Coordinator position. The Coordinator was a Journeyman Radar Air Traffic Controller (three years including school plus On The Job training minimum). The pay for a Journeyman Radar Air Traffic Controller now is about $80,000 to $100,000 a year (roughly speaking - it varies by facility level - Starting salary for a GS-14 employee is $89,370.00 per year at Step 1, with a maximum possible base pay of $116,181.00 per year at Step 10. The hourly base pay of a Step 1 GS-14 employee is $42.82 per hour1). I was a GS-13 Step 8 at the time, which is a hair less than the above. Of course the base pay was about half what it is now but I give you the present numbers to give you an idea of what the program I wrote, which was adopted in all the approach control facilities, represented in dollar terms.

The job of the Coordinator is to call the sequence of arrival traffic to the the tower ATC guy or gal. Inside the Tower Cab there is what is called the "Bright Display". It's like a radar screen but is much brighter so you can see the aircraft data blocks while you are in bright daylight. I noticed that there was an area of memory in the ATC program that projected all the info onto that screen. In programmer/ATC parlance the thing I was looking at is called a TAB LIST. It was used in approach control radar screens and enroute ATC radar screens but the tower people did not use it.

I figured that I could progam the tab list with a bubble sort so the approach controller could just do a "slew and enter" with his track ball onto the next aircraft in the sequence. The tab list would then put the aircraft call sign at the bottom of the tab list. The call sign at the top was the first in the sequence. When the aircraft landed, the data block would "die" (no radar tracking data). My program also watched for that and deleted that aircraft's call sign in the tab list at the top. The call signs beneath would then "bubble" up. That is why it is called a bubble sort.

Within a year or so, after the programs were modified at the national level, every Coordinator position, staffed for at least 8 hours in any 24 hour hour period all over US airspace, was eliminated. YOU do the math, Eddie. If you still think I am a "parasite", you need your head examined.

I got an award of $332 for that, followed by a quality within grade step increase. That's cool. I knew I worked for the gooberment and anything I came up with was PUBLIC. Sure, it bothered me to not get some recognition on a national level, but I was never confused about what the top management felt about minorites like me (i.e. "Salt Water Niggers") who "thought too much". I don't believe in the tooth fairy either, pardner. And YEAH, I DID see people who were dumber than a wedge get all sorts of recognition and promotions for doing ZIP while they "worked" at the FAA. That's the way the cookie crumbles in our "meritocratic" CAPITALIST MYTHOLOGY.

All that said, I do not give a tinker's damn whether a person "earned" DA MONEY to not be classifed as a "parasite" by the CAPITALISTS. It's a false meme based on trying to put a dollar sign on the value of human endeavor.

As I alluded to at the beginning of this "I am worth it" braggadocio silliness, there are actions, and the lack of them, IN GOVERNMENT, as well as in daily living on this planet, that you CANNOT out a price on. That is why businessmen make such LOUSY politicians.

Jon Adair, my super smart brother-in-law, an excellent dentist and scuba diver, was too dense to heed the warnings of Agelbert at a beach in 1980, when I told him, "it looks kinda rough out there". He drowned and I almost drowned trying to save him in the rip current and massive surf. I made a decision to TRY, even though there was NO PROFIT IN IT. I don't know how the good doctor Eddie quantifies the "value" of what I tried to do that day, but I suspect there is NO WAY you can put a "he failed and is a loser because the dentist drowned" price tag on it.

What the good doctor cannot seem to place any value on, is the FACT that many efforts by people of good will DO fail in pecuniary terms. Hence they must be credited with genuine value, not be deliberately demonized as "parasitical" because those who "won" in monetary terms are allegedly "carrying" the "parasites".

That's the Victorian BULLSHIT that is the fundamentally flawed basis of Capitalism.

Quote
"Capitalist ideology claims that the world is perfectly ordered and everybody is in their place (i..e. everybody gets what they deserve). This self legitmating aspect of Capitalism is Socially Catastrophic. This is the Victorian view of the world." Rob Urie - Author " Zen Economics"
« Last Edit: December 25, 2018, 12:05:30 pm by AGelbert »
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 21825
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Money
« Reply #531 on: December 26, 2018, 05:36:51 pm »

Agelbert NOTE: Enjoy the paper profits from the Trump PPT HEAD FAKE while you can. The reality of our crumbling economy will continue to manifest itself, no matter how much crooked fun and games the Fed engages in. This is NOT 2008. There are NO ADDITIONAL 16 TRILLION PLUS dollars to be ex nihilo printed to paper over, ONLY FOR for the oligarchs 👹🎩 and the greedballs 😈 speculating in the stock market, this economic mess like they did in 2008. If they do that, the dollar dies. So, they won't do that. Have a nice day.

Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 21825
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Money
« Reply #532 on: December 26, 2018, 09:06:54 pm »
 

December 26, 2018

Mother of All Sucker  Rallies Sends Dow 1,000 Points Higher

by Mike Mish Shedlock

Following a brutal four days in a brutal month, stocks staged a massive rally. Alas, it won't last.

The Wall Street Journal reports Dow Industrials Leap More Than 1,000 Points.

The Dow Jones Industrial Average surged more than 1,000 points for the first time in a single session Wednesday, rebounding after a bruising four-session selloff put the blue-chip index and the S&P 500 on the brink of a bear market.

All 30 stocks in the Dow industrials notched gains, as did each of the 11 sectors in the broader S&P. Shares of Amazon.com , Facebook and Netflix climbed more than 8%, while retailers rallied as early data on the crucial holiday shopping season appeared robust. And a nearly 9% rise in oil prices offered a respite for shares of beaten-down energy companies.

Verge of Bear Market?

The WSJ 😈 says the S&P 500 was "on the verge of a bear market". 

I disagree. I claim the S&P 500 is in a bear market.

 

Who's right?

Arguably, we both are. It depends on where you measure from.

The high of 2940.91 as shown in the above chart was an intraday high. The high the previous day was 2930.75. That was also the highest close ever. On a close-to-close basis the S&P only fell 19.78%

Is the WSJ ridiculously splitting hairs? Yes.

About Bear Market Rallies

Today was a typical bear market rally. I posted some charts on December 24: S&P 500 Slips into Bear Territory on Worst Christmas Eve Trading Ever

Yes Virginia, it's a bear market. Expect a lot more days like today, with everyone caught believing "the bottom is in", every step of the way.

The next real bottom will not be in until everyone is totally disgusted with the stocks and gives up. Demographically-speaking it will come at the worst time for boomers.

There was one and only one thing surprising    about today: Trump did not yap about it.

Mike "Mish" Shedlock

https://moneymaven.io/mishtalk/economics/mother-of-all-sucker-rallies-sends-dow-1-000-points-higher-z1SwW8a2eEK4dYQ8-XIAwg/

Agelbert NOTE: Mafia bosses, like Trump, NEVER "yap" about things they RIG. When they DON'T rig is when they yap. Trump's 🙊 silence on the stock market massive goosing by the Fed PPT is a DEAD GIVEAWAY that he KNEW the FIX WAS IN. If he brags that he CAUSED IT, the confidence in every stock that went up tanks immediately, so he has no choice but to play the innocent lamb for the suckers that think this rally was based on "fundamentals" and/or Trump's "great economy" (see below).

Quote
Stock market rally? What stock market rally? I don't know what you are yapping about.

Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 21825
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Money
« Reply #533 on: December 27, 2018, 11:09:37 am »
Quote
The sacrifice of the wicked is abomination: how much more, when he bringeth it with a wicked mind?

Proverbs 21:27 KJV
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 21825
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Money
« Reply #534 on: December 27, 2018, 12:52:01 pm »
Thu, 12/27/2018 - 10:14


Agelbert NOTE: It's even worse than depicted in the above article. Real unemployment in the USA is FAR higher than publicly acknowledged. The fact is that we have been at DEPRESSION LEVEL unemployment for OVER 10 YEARS!
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 21825
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Money
« Reply #535 on: December 27, 2018, 02:12:43 pm »
Quote

itstippy

"When certainty frays, capital gets skittish."

Confidence in capital itself is fraying.  Capital has been leveraged, rehypothecated, securitized, and falsified to the point that no thinking person trusts it any more.  When I see a rich man with a big house, fancy car, trophy wife, and $2K suit I immediately suspect that he's some kind of con man playing financial games.  If I have a little bit of capital I want to invest I immediately assume that every investment vehicle offered me is some kind of ******** con game, run by some kind of ******** con man, to cheat me out of my hard-earned savings.

The bank says it's got a fortress balance sheet, with plenty of ready capital on hand?  I don't believe it.  It's got some ******** balance sheet with plenty of phoney capital on hand.  All perfectly legal, you understand.


Article that the above truth filled comment responded to:

Thu, 12/27/2018 - 11:15

Authored by Charles Hugh Smith via OfTwoMinds blog

Quote
The net result is capital is impaired in eras of uncertainty. Uncertainty also leads to polarization, as people cling with irrational certainty to ideologies and policies that are failing.

Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 21825
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Money
« Reply #536 on: December 27, 2018, 04:58:05 pm »

by Tyler Durden

Thu, 12/27/2018 - 16:02


Agelbert NOTE: If these Trump 🦀 Fed PPT crooks think they can engineer another 2008 post crash 16 trillion dollar stock market save, they are criminally insane.

Fasten your seat belts, folks. THIS is going to get REALLY UGLY for the US DOLLAR if the PPT does not back off and let the Bear market destroy Trump.

At this point it is either destroy the Trump Kochroach or destroy the US Dollar. I know what choice Trump favors. He will NEVER put country before Trump. He will NEVER admit fault. He will ALWAYS try to blame others for his abysmal incompetence. He cares for nobody but himself, PERIOD.

Everyone who is sane, unlike Trump , favors a strong US DOLLAR.

Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 21825
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Money
« Reply #537 on: December 28, 2018, 12:54:17 pm »

Fri, 12/28/2018 - 11:23

Things are so horribly distorted now that NO ONE at the FED will be honest even if they wanted to. Trillions unaccounted for in DOD budgets, PPT shoring up indexes. The very moment that anyone is honest the wheels come off of this Pretend Happy Talk show and 💥 explosively




Agelbert NOTE: Truth filled comment.

Quote
red pill economics

Current byline: "Nomura: "It Is Increasingly Obvious That Powell Believes The Fed Has Engendered Outright Asset Bubbles" "


Re-write: "Nomura: "It Is Intuitively Obvious To The Most Casual Observer That The Fed Has Engendered Outright Asset Bubbles" "

QE was debt monetization pure and simple; banana republic kind of stuff.

Reference (and this is coming from a Fed person!):

https://www.dallasfed.org/news/speeches/fisher/2010/fs101108.cfm

Federal Reserve Banks of Dallas

Speech by Richard W. Fisher, President and CEO (2005–2015)

"The math of this new exercise is readily transparent: The Federal Reserve will buy $110 billion a month in Treasuries, an amount that, annualized, represents the projected deficit of the federal government for next year. For the next eight months, the nation’s central bank will be monetizing the federal debt.

This is risky business. We know that history is littered with the economic carcasses of nations that incorporated this as a regular central bank practice. So how can the decision made last Wednesday be justified?"





Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 21825
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Money
« Reply #538 on: December 28, 2018, 02:26:34 pm »
Trump Administration  Asked Top Hedge Fund Investor For Advice How To Halt Market Rout

by Tyler Durden

Fri, 12/28/2018 - 12:16

Confirming once again that all that matters to the current administration is the market, CNBC rpeorts that a high-ranking Trump administration official reached out to at least one notable hedge fund investor for advice on markets after the record Christmas Eve rout, which saw all major US indexes tumble more than 2 percent as rumors swirled that President Donald Trump was contemplating firing Fed Chair Jerome Powell.

It is unclear who the "well known" investor was.

The source told CNBC that the administration was "determined" to boost equities which have become a key barometer of Trump's "success" , at least in the president's own view.

The investor was said to tell the official to tell the president to end his criticism of Powell on Twitter, stop administration turnover and reach a trade deal with China in order to help markets.

Whereas Trump celebrated a consistent rise for stocks during his first year in office, frequently tweeting all memorable market milestones, markets have faltered in 2018 amid a trade war with China, concerns about the Fed's four interest rate hikes and fears about slowing global growth. Trump 🙊 😈 has yet to tweet about markets despite the recent sharp two-day rebound.

 

Even with the recent spike in the S&P, stocks were still on track for their worst December since 1931, with the S&P down about 10% and down almost 7% for the year.

Prior to the Monday plunge, Trump repeatedly blame market carnage on the Fed, most recently tweeting that "the only problem our economy has is the Fed." He contended the U.S. central bank does not "have a feel for the Market."
 

 

The tweet followed the Fed's decision to raise the target range for its benchmark interest rate by a quarter point to 2.25 to 2.5 percent.

https://www.zerohedge.com/news/2018-12-28/trump-administration-asked-top-hedge-fund-investor-advice-how-halt-market-rout

Agelbert NOTE: Truth filled comments:

666D chess
The orange swine only cares about his masters on Wall Street. It's should be clear to anybody with an average IQ.


CPL
It's a casino stupid, double down in half the time on nine trillion of other people's time(money). Find out how a falling rate of return happens in a fiat collapse cycle. Just remember this though, ten years ago ground beef was 69 cents a pound now its just over four bucks.  The multiplier required to keep a market propped up must double in capital with half the time continuously and your only real metric to how BAD it gets will be the super market.

Ironically the people most effected will be vegetarians, aka the mob picky eaters, since field to table is directly influenced by intermediary pressures caused by the just time delivery systems which are mostly staffed by vegetarians that produce the food.

Just saying watch your backs if you force it, it will break along with all those plans.

bitzager
"Last American Bull Market" for current Fiat system..

Wall Street Gangsters are ALL IN!!!


Son of Captain Nemo
Going on more than 2 decades and multiple looting operation(s) for energy rich "holdouts" (https://www.ae911truth.org/) to prop up it's flagging $reserve currency status... Taking the U.S.A. from $6 trillion in nominal debt 18 years ago to as far as the eye can see beyond $200 trillion 18 years later...

IT'S BOTH INEVITABLE AND ACADEMIC!


Zandic Saytanic
The fraud market is the ONLY thing Trump cares about. Sickening. Quite a disappointment from candidate Trump.

    nosoeawe
    10,000 + American on American murders, not a peep from the Orange Julius Caesar whom the republicans worship
    as their god.

    Question: among your pantheon of gods, including reagan, bush sr., chaney, rumsfeld, bush jr, etc., is he your god
    of war by chance?

    Remember: American on American murders are o.k., it's just when an illegal murders a citizen is it considered an
    outrage.

    Ok, got it!

666D chess
The PPT is making a tremendous effort to prop back up my big fat ugly bubble. Kudos to them.

                                                                                                 Downald Jones Trump
    CashMcCall
    Arrest Trump for Market Manipulation

       nosoeawe
       its only market manipulation when obama does it.

       trump is in the clear, being newly crowned as Caesar by the republican populace

juggernaut x2
Poor Little Donny- he may be as dumb as a mule post but he is smart enough to know that his presidency hinges on Americans' worship of money


Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 21825
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Money
« Reply #539 on: December 28, 2018, 04:47:29 pm »
Fri, 12/28/2018 - 16:05

by Tyler Durden

SNIPPET 1:

... once traders realized that this was just one giant fake out meant to force stops and squeeze shorts, they started buying... bonds, with the 10Y yield sliding as low as 2.7146%, the lowest since February 2018. And as the bond were bid, stocks tumbled losing all intraday gains, and turning negative.


SNIPPET 2:

..., in what may be the biggest unspoken story of the day, the LSTA leveraged loan index tumbled to new multi-year lows: as shown below, the price of leveraged loans has been a one way train down, which together with another week of record outflows from the loan market, is the most ominous signal because should the loan market freeze up, 2019 will be nothing short of a credit disaster as billions of M&A and LBO deals lock up.


Full reality based article:


 

Agelbert NOTE: Expect a Trump Tweeting Tantrum. If you don't think the Trump Wrecking Crew was involved up to their crooked necks in the market manipulation of the last three days, including the trader uptick massive head fake, you are not paying attention. They won't stop trying to rig the market any time soon because their mafia boss POTUS Trump is toast without a rigged bull market. Fasten your seat belt.

« Last Edit: December 29, 2018, 04:35:00 pm by AGelbert »
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

 

+-Recent Topics

Flight by Rondaflaks
May 26, 2019, 03:02:25 pm

Lost Cities and Civilizations by euroncurf
May 26, 2019, 10:21:15 am

Electric Vehicles by Surly1
May 26, 2019, 07:25:22 am

Doomstead Diner Daily by Surly1
May 26, 2019, 07:22:55 am

Photvoltaics (PV) by AGelbert
May 25, 2019, 06:23:29 pm

Global Warming is WITH US by AGelbert
May 25, 2019, 06:18:21 pm

War Provocations and Peace Actions by AGelbert
May 25, 2019, 05:55:59 pm

Computer Software Security by Anonymous
May 24, 2019, 11:37:21 am

Historical Documentaries by Surly1
May 24, 2019, 08:32:22 am

Money by Surly1
May 24, 2019, 08:10:32 am