tag:blogger.com,1999:blog-4921988708619968880.post6048746865282146952..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: August 8 2011: The Markets Are Not StupidIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger197125tag:blogger.com,1999:blog-4921988708619968880.post-67182779400473124292011-08-10T16:41:29.862-04:002011-08-10T16:41:29.862-04:00D Benton Smith,
You may be on to something.Ther...D Benton Smith,<br /><br /> You may be on to something.There is a point where, collectively,a good size chunk of the population sez Basta! [enough]and starts... misbehaving...like England.<br /><br /> Think back a bit...<br /><br /> Do you remember the rage of those who watched helplessly while wall street was bailed out,wars were started,ect ect and the population demonstrated,wrote letters,snuffyhttps://www.blogger.com/profile/03978637281755386311noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-11895895551743950622011-08-10T16:28:14.956-04:002011-08-10T16:28:14.956-04:00New post up.
Over the Edge Lies Fear
.New post up.<br /><br /><br /><br /><br /><br /><a href="http://theautomaticearth.blogspot.com/2011/08/august-10-2011-over-edge-lies-fear.html" rel="nofollow"><b>Over the Edge Lies Fear</b></a><br /><br /><br /><br /><br /><br />.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-89143366790686321682011-08-10T14:55:54.816-04:002011-08-10T14:55:54.816-04:00With about a hour to go the question is ... Can it...With about a hour to go the question is ... Can it happen again like yesterday? I have to go to work and can't stick around for the fireworks at the end.Lynford1933https://www.blogger.com/profile/03219003310267757286noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-29166749516925815552011-08-10T13:33:23.242-04:002011-08-10T13:33:23.242-04:00I've noticed that there is an extremely peculi...I've noticed that there is an extremely peculiar dynamic being unintentionally revealed in the news from around the world in this past week.<br /><br />Despite the fact that it is the Banks and their Bond Holders who are in mortally dire straits, it is the SOVEREIGNS who are slugging it out in public.<br /><br />And how does a sovereign think ? Why like any Plantation Owner in hock to a LoanD. Benton Smithhttps://www.blogger.com/profile/09505763959328162067noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-29980800455779858252011-08-10T13:25:51.809-04:002011-08-10T13:25:51.809-04:00RE: Europe countries
The last time the Europeans ...RE: Europe countries<br /><br />The last time the Europeans did not know what hit them was about 80-something years ago. They had a lot less people and even some modest resources at the time.<br /><br />Of course, this time it will be different (but I'm not sure exactly in what way it will be different)p01https://www.blogger.com/profile/04396562841580952642noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-84851594334796138252011-08-10T13:14:11.085-04:002011-08-10T13:14:11.085-04:00@Board
What BAC sold to Fannie Mae was "serv...@Board<br /><br />What BAC sold to Fannie Mae was "servicing Rights". That's the billing, check cashing, tax escrow stuff, for which the bank is paid X bucks per mortgage per month by the MBS trust. Not the mortgages themselves.<br /><br />It's a pretty straightforward transaction. I've no idea if the price was fair or a bailout, but as was pointed out, it's at least a Frankhttps://www.blogger.com/profile/11752307987743035281noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-57259310110402703012011-08-10T12:42:12.020-04:002011-08-10T12:42:12.020-04:00Cheryl said...
" Ben on display.
.....
...Cheryl said...<br /><br />" Ben on display.<br /> .....<br /><br /> That was Ben. That was Ben launching a market full of rocket fuel. That was an epic liftoff, a moon shot on steroids, a skyward thrust by a man with a mission.<br />"<br /><br />You really must have Manuel plant some bamboo for you. Judging by what you've written about Ben I guarantee you will get quite a The Qhttps://www.blogger.com/profile/10891095083924427554noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-53285127294530528422011-08-10T12:30:30.313-04:002011-08-10T12:30:30.313-04:00I think it's just Timmy trying to write his na...I think it's just Timmy trying to write his name in the tape. <br /><br />Here is <a href="http://2.bp.blogspot.com/_azimCSzqNnc/SuKpWuirlrI/AAAAAAAADXU/wuIpKJvTef0/s1600-h/emergency_escape_by_chen_wenling_02.jpg" rel="nofollow">your market</a> <a href="http://www.zerohedge.com/contributed/those-power-can-trigger-can-they-sustain" rel="nofollow">on rocket fuel</a>.Jim Rhttps://www.blogger.com/profile/17419179432204743768noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-51881695424299345722011-08-10T12:23:38.660-04:002011-08-10T12:23:38.660-04:00$500M is a drop in the bucket, though. BAC needed ...$500M is a drop in the bucket, though. BAC needed $15B from TARP alone back in 2008. Who else is willing to touch that toxic sludge without huge discounts to face value, other than GSEs? No one really.Ashvinhttps://www.blogger.com/profile/00692970226443206815noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-74065318423028457052011-08-10T12:11:37.560-04:002011-08-10T12:11:37.560-04:00Backdoor bailout of Bank of America?
Sale of mort...Backdoor bailout of Bank of America?<br /><br />Sale of mortgage pool to Fannie:<br /><br /><i>Bank of America (BAC) will sell part of its home-loan portfolio to Fannie Mae (FNMA), the Wall Street Journal reports. The deal, which was finalized Friday, will transfer the rights to process and collect payments on about 400,000 loans with an unpaid principle balance of $73B, sources say. The purchaseAshvinhttps://www.blogger.com/profile/00692970226443206815noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-43638489690783652782011-08-10T11:33:38.197-04:002011-08-10T11:33:38.197-04:00Stay focused!!!
If they had not had the robo simu...Stay focused!!!<br /><br />If they had not had the robo simulation, yesterday, where would the markets be with the present -400 down market, as I write this?<br /><br />70% of the trading is "robo".<br /><br />Of course you can believe that there is no such thing as insider information.<br /><br />Ben did tell everyone that he would use everything in his arsenal to prevent a crash into jalhttps://www.blogger.com/profile/16969819389823705458noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-8069482390325178582011-08-10T11:27:02.007-04:002011-08-10T11:27:02.007-04:00Part of quoted material from Transition Voice
The...Part of quoted material from Transition Voice<br /><br />They’re competing against the law for the best results a consumer can ever hope for—something for nothing.<br /><br />Yes, SFN encapsulates the essential modern concept of what it's all about, a concept tightly embraced at the top and the bottom. Oh the horror of contemplating an honest drop of schvitz.seychelleshttps://www.blogger.com/profile/17758362037570506475noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-32700545125260315422011-08-10T11:26:52.886-04:002011-08-10T11:26:52.886-04:00Frank,
When I said that, I meant the largest coun...Frank,<br /><br />When I said that, I meant the largest countries. It's nothing personal against the smaller ones, but, you know, they're smaller. That being said, I could easily see A LOT of sociopolitical turmoil occurring in the countries you mention, which isn't exactly a "coherent" political existence in my book.Ashvinhttps://www.blogger.com/profile/00692970226443206815noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-22023652889355255932011-08-10T11:18:53.896-04:002011-08-10T11:18:53.896-04:00@Ash Not a single country on that Continent looks ...@Ash Not a single country on that Continent looks like it will remain in coherent political existence for another few years<br /><br />I think that may be a new TAE hyperbole record. Which is saying a lot.<br /><br />Norway, Denmark and Sweden were Norway, Denmark and Sweden when Iceland was settled in the 700s. None of those four countries or Finland is disintegrating. France isn't going Frankhttps://www.blogger.com/profile/11752307987743035281noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-45242042193480018202011-08-10T11:16:16.210-04:002011-08-10T11:16:16.210-04:00DBS,
"How you deal with that immutable fact ...DBS,<br /><br />"How you deal with that immutable fact is what will shape your life."<br /><br />Or end it... what's more insane than making your financial well-being completely dependent on the performance of the stock market? Answer: leaping to your death when things don't work so out well.<br /><br />http://www.nbclosangeles.com/news/weird/Ashvinhttps://www.blogger.com/profile/00692970226443206815noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-30704903431915137162011-08-10T11:14:47.473-04:002011-08-10T11:14:47.473-04:00DBS,
Right you are in revising grandma's sayi...DBS,<br /><br />Right you are in revising grandma's saying. And Arnie Gundersen has added a couple of new examples.<br /><br /><a href="http://vimeo.com/27306360" rel="nofollow">Lethal Levels of Radiation at Fukushima: What Are the Implications?</a><br /><br /><a href="http://vimeo.com/27481567" rel="nofollow">Fairewinds Report for Southern Alliance for Clean Energy on TVA Bellefonte Plant</a>Phlogiston Água de Beberhttps://www.blogger.com/profile/16269917130349144430noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-9858564284074045712011-08-10T11:06:14.058-04:002011-08-10T11:06:14.058-04:00On Stocks, Bonds, Markets (Rallies & Crashes)...On Stocks, Bonds, Markets (Rallies & Crashes), Productivity, Recoveries, Employment, Standards of Living, Civil Unrest ( not very 'civil' I fear,) Sovereignty & Other Fantasies<br /><br /> <br />There is a whole new reality out there , compared to a generation ago , and ( like reality tends to do) it applies to absolutely everyone. It applies to the richest and to the poorest.D. Benton Smithhttps://www.blogger.com/profile/09505763959328162067noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-25096680856859023162011-08-10T11:04:20.513-04:002011-08-10T11:04:20.513-04:00Fitch may be hesitant to downgrade France, but it ...Fitch may be hesitant to downgrade France, but it has NO problem going after Cyprus. Don't mind the implosion of French banks, look at that little island over there! I wonder what strategic resources Cyprus will have to give up to join the EMU's twisted fraternal order of bailouts, austerity and privatization.Ashvinhttps://www.blogger.com/profile/00692970226443206815noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-55962257654676244892011-08-10T11:02:19.669-04:002011-08-10T11:02:19.669-04:00Mister Roboto said...
"Wow. Those cats sure d...Mister Roboto said...<br />"Wow. Those cats sure don't bounce they way they used to, do they?"<br /><br />hehehe<br /><br />That wasn't a cat bouncing twice.<br /><br />That was a 70% robo simulation.<br /><br />jaljalhttps://www.blogger.com/profile/16969819389823705458noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-34911537763019301352011-08-10T10:52:45.937-04:002011-08-10T10:52:45.937-04:00Correction:
Did I say that Harold "Terry&quo...Correction:<br /><br />Did I say that Harold "Terry" McGraw III was Chinese ?<br /><br />My mistake. He is also Indian ( and a few other US-Trade-Imbalanced-Country nationalities where his vast military-Industrial-Complex holdings build their stuff with cheap local slave labor so as to sell it back to the US of A for nice fat tax-free US Dollars.<br /><br />By the way, did you know D. Benton Smithhttps://www.blogger.com/profile/09505763959328162067noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-39353900988495911702011-08-10T10:47:40.241-04:002011-08-10T10:47:40.241-04:00What a fu*k is this?
New York professor Nouriel R...What a fu*k is this?<br /><br /><b>New York professor Nouriel Roubini called on the ECB to reverse monetary tightening immediately given the darkening global picture. "It should reduce rates to zero, and make big purchases of government bonds," he said.</b><br /><br />The same Roubini who wrote in FT commentary that averting recession/depression is "mission impossible". <a Alexander Achttps://www.blogger.com/profile/16845172528191878930noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-92007123441658586322011-08-10T10:42:38.280-04:002011-08-10T10:42:38.280-04:00Blogger Jack said...
" Those who have bought ...Blogger Jack said...<br /><i>" Those who have bought gold are gloating like the rothchilds"</i><br /><br />You miss what it's all about Jack. If gold turns out as I think, I will feel badly about decent people, friends, who I have suggested holding gold to and that have not done so.<br /><br />The immediate jump up is due to a small bubble of fear, and that could pass in a moment scrofuloushttps://www.blogger.com/profile/01085471693372823086noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-6288029622564068812011-08-10T10:28:39.940-04:002011-08-10T10:28:39.940-04:00@Ash
But France IS Triple-A, is it not?
The ven...@Ash<br /><br />But France IS Triple-A, is it not?<br /><br />The venerable ratings agency, Fitch assures us that this is so.<br /><br />Of course Fitch is 68% owned by a single Frenchman. But what's so strange about that? <br /><br />After all, S & P is owned by the Chinese expatriate 'Terry' McGraw III ( who for all practical purposes renounced his US citizenship in favor of D. Benton Smithhttps://www.blogger.com/profile/09505763959328162067noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-91665221149725657812011-08-10T10:21:48.996-04:002011-08-10T10:21:48.996-04:00Europe cannot described as anything less than an u...Europe cannot described as anything less than an utter shit show right now. Not a single country on that Continent looks like it will remain in coherent political existence for another few years, let alone in good economic/financial health for the next few months. Including Germany and the UK, with both economies slowing down massively and the latter erupting in sociopolitical chaos. French Ashvinhttps://www.blogger.com/profile/00692970226443206815noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-70805657045545432072011-08-10T10:18:49.767-04:002011-08-10T10:18:49.767-04:00From the "No Bread?! Let them eat cake" ...From the "No Bread?! Let them eat cake" Dept:<br /><i>French president Sarkozy due to leave Paris to return to his holidays this afternoon according to an official at the presidents office</i><br /><br />Next up: Riots in France.p01https://www.blogger.com/profile/04396562841580952642noreply@blogger.com