tag:blogger.com,1999:blog-4921988708619968880.post7464416048685091357..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: January 29 2009: Con Firm NationIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger53125tag:blogger.com,1999:blog-4921988708619968880.post-25689154422024860012009-01-30T15:59:00.000-05:002009-01-30T15:59:00.000-05:00Anon 8:24 PM"That's right, we don't need to organi...Anon 8:24 PM<BR/><BR/>"That's right, we don't need to organize, march, protest, fight, contact our representatives, or any of those other time consuming and tedious tasks usually associated with a functioning democratic republic."<BR/><BR/>I take it that you don't live in the USA.el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-10154879561262460662009-01-30T15:57:00.000-05:002009-01-30T15:57:00.000-05:00Check out this comment from Airdale over at The Oi...Check out this <A HREF="http://www.theoildrum.com/node/5029#comment-465894" REL="nofollow">comment</A> from Airdale over at The Oil Drum. He says there will be no power in his area for up to a month thanks to the recent ice storm, and rightly says these are conditions many will face in the future for different reasons.Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-82456584467760882522009-01-30T15:53:00.000-05:002009-01-30T15:53:00.000-05:00I would only have one thing to say to these parasi...I would only have one thing to say to these parasites..... F. O. A. D.<BR/><BR/>OntarioAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-66642081075079714772009-01-30T15:05:00.000-05:002009-01-30T15:05:00.000-05:00If you thought that your ideas to fix the economic...If you thought that your ideas to fix the economic problems were not being considered or your solutions not being considered, then read the following from Reuters.<BR/>http://blogs.reuters.com/great-debate/2009/01/27/turning-the-tables-can-you-help-davos-leaders/ <BR/>Turning the tables: Can you help Davos leaders?<BR/>If you’ve got suggestions for Klaus then use the comments section below.<BR/>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-13846334053022230692009-01-30T14:40:00.000-05:002009-01-30T14:40:00.000-05:00http://www.weforum.org/en/knowledge/Events/2009/An...http://www.weforum.org/en/knowledge/Events/2009/AnnualMeeting/KN_SESS_SUMM_26535?url=/en/knowledge/Events/2009/AnnualMeeting/KN_SESS_SUMM_26535 <BR/><B>How to Answer the Compensation Question</B> <BR/>• William F. Browder • Laura M. Cha • Rakesh Khurana • Mark Mactas <BR/>Moderated by • Robin Buchanan <BR/>Friday 30 January<BR/>Today, the average chief executive is paid 62 times the current Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-56981094557986868792009-01-30T13:12:00.000-05:002009-01-30T13:12:00.000-05:00Moral Authority:The quality or characteristic of b...Moral Authority:<BR/><BR/>The quality or characteristic of being respected for having good character or knowledge, especially as a source of guidance or an exemplar of ...<BR/><BR/><BR/>Snuffy great point. When the populace no longer recognizes the moral authority (in my opinion they never had it)and these bailouts and infrastructure spending sprees crap out find a hole to hide in.<BR/><BR/>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-10076270617247873482009-01-30T12:55:00.000-05:002009-01-30T12:55:00.000-05:00Question: Can Karl Denninger’s solution work? http...Question: Can Karl Denninger’s solution work? <BR/>http://market-ticker.org/ <BR/>The Market Ticker Karl Denninger<BR/>On the Edge of the Abyss<BR/>We desperately need a real solution to this banking issue. <BR/>Therefore, the only rational answer to this mess is to: (go read his five point solution)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-19310611393860755682009-01-30T11:59:00.000-05:002009-01-30T11:59:00.000-05:00Deninger is certainly no expert on TA. two days ag...Deninger is certainly no expert on TA. two days ago he was calling SPX 890 almost assuredly. now it is 210 just based on a pennant formation. it reflects the volatility of the market, of course.<BR/><BR/>volatile market can be hugely profitable as Stoneleigh has said before if one is lucky - or can processing the signals properly.<BR/><BR/>zAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-89772415612902458812009-01-30T11:55:00.000-05:002009-01-30T11:55:00.000-05:00RapierI don't have time right now to get into it, ...Rapier<BR/><BR/>I don't have time right now to get into it, but before anyone believes your claim that the <I>"net credit derivative positions of Citi and the huge banks is quite close to neutral"</I>, I would suggest that they read Soros' piece on swaps (above), that they notice there you provide no proof for the claim, and that if this were true, they would have long since neutralized all theirIlargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-11797327386229319412009-01-30T11:33:00.000-05:002009-01-30T11:33:00.000-05:00Karl has posted an ominous article over at The Mar...Karl has posted an ominous article over at The Market Ticker titled "On the Edge of the Abyss" that should be read by everyone.<BR/><BR/>http://market-ticker.org/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-16016835103310058982009-01-30T11:25:00.000-05:002009-01-30T11:25:00.000-05:00On my drive home from work last night I listened t...On my drive home from work last night I listened to a bit of right-wing talk radio. Usually I can only tolerate about 10 minutes of it at time due to its vitriole, fact-bending, and ad hominem nature, but I made it the entire 20 minute drive last night without changing the channel. Caller after caller said essentially, "the bailout should be going to us, the taxpayers, to pay down our debts - EBrownhttps://www.blogger.com/profile/02894676347259218501noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-20931923019010554962009-01-30T11:05:00.000-05:002009-01-30T11:05:00.000-05:00rapier said... I think there is a strong likelihoo...rapier said... <BR/>I think there is a strong likelihood that Credit Default Swaps will be declared null and void.<BR/>As a side note AIG, the CDS selling monster, never had the slightest intention of paying them off. They might say the never expected to have to pay so many that it would be an existential threat but if you could get to the truth you would find they never intended to. <BR/><BR/>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-12433332360135630442009-01-30T10:51:00.000-05:002009-01-30T10:51:00.000-05:00To Brendan and others above who see a renewed fait...To Brendan and others above who see a renewed faith in Obama for speaking out against the big bonuses in '08. I had the opposite response, one of exasperation. What a totally inadequate statement regarding old news given the currently grave state of affairs. It was obviously a purely political ploy to try to gain public and bipartisan support for his upcoming stimulus package and other Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-56225491492615010492009-01-30T08:46:00.000-05:002009-01-30T08:46:00.000-05:00The net credit derivative positions of Citi and th...The net credit derivative positions of Citi and the huge banks is quite close to neutral. Meaning they owe as much as they are due. I think there is a strong likelihood that Credit Default Swaps will be declared null and void. Such would be a legal black hole but desperate times for for desperate measures. <BR/><BR/>Such a thing would probably have to be enacted by law, as opposed to some Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-12407276896140439922009-01-30T05:41:00.000-05:002009-01-30T05:41:00.000-05:00Weatherman, re your observations of derivatives, a...Weatherman, re your observations of derivatives, another difficulty is that it may prove extremely difficult, in some cases impossible, to clearly identify the counterparties. The stuff was sliced and diced and repackaged so often that it now requires forensic analysis. Blows my mind that a little "blow" can make these Wall Streeters feel invincible,unaccountable,above the law, very,very powerfulscandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-66151318575761981092009-01-30T02:12:00.000-05:002009-01-30T02:12:00.000-05:00i am relatively new here, and i am not an economis...i am relatively new here, and i am not an economist, But when has govt intervention with all it's monies stopped a recession? or even a depression?<BR/><BR/>If govt could throw money at a recession or depression, we'd never have one muchless be in this mess.<BR/><BR/>just my thoughts............Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-9849166446973535232009-01-30T02:07:00.000-05:002009-01-30T02:07:00.000-05:00On what is hopefully an unrelated note, the word t...On what is hopefully an unrelated note, the word that I'm hearing is that gun sales have gone through the roof, and that bullets are either out of stock in many places, or in short supply.<BR/><BR/>Obama's election combined with the most anti-gun nut around for Attorney General has many spooked that they will try to pull something.<BR/><BR/>Both are denying it, but you've got to be kidding if youAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-41905965008513601422009-01-30T01:33:00.000-05:002009-01-30T01:33:00.000-05:00Ilargi and Stoneleigh,Belated Happy Anniversary! ...Ilargi and Stoneleigh,<BR/><BR/>Belated Happy Anniversary! Thanks again for all your hard work, and when I get this paypal thing to work, I will be sending in my contribution.<BR/><BR/>I have been a regular follower since the TOD days and thanks to you two and others, I have had my financial knowledge significantly improved, especially in the last year.<BR/><BR/>I know you have commented many weathermanhttps://www.blogger.com/profile/11085626422109870715noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-43542240544923381572009-01-30T01:06:00.000-05:002009-01-30T01:06:00.000-05:00Brendan and the follow up poster left some interes...Brendan and the follow up poster left some interesting thoughts...What team Obama looks like a bit down the road is anyone's guess, but Obama does not seem to be the abrupt or jolting type of personality. I'm thinking the musical equivalent of chamber music. Or Charles Mingus. And since he is transporting a very dangerous load of nitroglycerin over some very rocky financial roads--I have a LittleAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-71380039298230702552009-01-30T00:47:00.000-05:002009-01-30T00:47:00.000-05:00One other thought, My guess is that Mr.Soros has ...One other thought,<BR/><BR/> My guess is that Mr.Soros has just written the inside history of the trigger of the collapse that we are witness to.And its all on "Hank".....its the same guy that screamed wolf to bush...who is the guy who started this....its all Paulsons fault.for allowing the attacks that killed 3 companies,and triggered this mess....<BR/><BR/>And the motherF#$%er rides off into Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-67145618413207012692009-01-30T00:34:00.000-05:002009-01-30T00:34:00.000-05:00This is the fact that has been bothering me for a ...This is the fact that has been bothering me for a long time now.While I am not the sharpest knife in the drawer,I,as have many others,have figured out that these bailouts are being proposed/enacted with money they are intending to squeeze out...of...me.Just one question.What do I get out of it?Am I going to get shares of the bank...or just shares of the pain?The question is a little more than Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-35802579499538746512009-01-30T00:17:00.000-05:002009-01-30T00:17:00.000-05:00Good point, Anonymous 8:24. We could also quit us...Good point, Anonymous 8:24. We could also quit using the cursed credit cards. Even if you pay in full at the end of the month, the bankers still skim 3% from the merchants. That looks like 36% return on their money to me. <BR/><BR/>Pay cash when you buy, offer 3% discount for cash rather than plastic when you sell. Starve the scum.tickmeisterhttps://www.blogger.com/profile/16326756666072357726noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-19548471123031198612009-01-29T23:43:00.000-05:002009-01-29T23:43:00.000-05:00When faced with a problem, create an ever bigger o...When faced with a problem, create an ever bigger one. We'll have one boondoggle after another :-)<BR/><BR/>@ I forgot my name<BR/><BR/>Maybe this is the beginning of the 2nd stage of collapse, the collapse in commercial trade. The IATA and freight data seem to be indicating this, expecting shortages in the next few months as more factories close down and credit becomes harder and harder to obtain.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-89690870954081942882009-01-29T23:32:00.000-05:002009-01-29T23:32:00.000-05:00I & S may have already noted this in the past,...I & S may have already noted this in the past, if so it bears repeating.<BR/><BR/>As the US runs up a debts by the trillions each six months or so, the interest payments on the total national debt will balloon as well. Meaning the pain from transferring all of the risk to the tax payer will be felt by all of us immediately either in lower services, tax hikes or both.<BR/><BR/>Worse yet, the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-50815203056702863152009-01-29T22:41:00.000-05:002009-01-29T22:41:00.000-05:00Armando Gascón said... "US-EU trade war looms as B...Armando Gascón said... <BR/>"US-EU trade war looms as Barack Obama bill urges 'Buy American' <BR/>------ <BR/>They could take out the clause and nothing will change.<BR/><BR/>All the ones responsible for opening the bids KNOW what is wanted and they will insist that the contractors better buy America if they don't want to get into trouble.<BR/>jalAnonymousnoreply@blogger.com