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"It's not going to end Well "

Fenton

Fenton

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The Last Time The Dow Was Here... | Zero Hedge

"Mission Accomplished" - With CNBC now lost for countdown-able targets (though 20,000 is so close), we leave it to none other than Jim Cramer, quoting Stanley Druckenmiller, to sum up where we stand (oh and the following list of remarkable then-and-now macro, micro, and market variables), namely that "we all know it's going to end badly, but in the meantime we can make some money" - ZH translation: "just make sure to sell ahead of everyone else."

Dow Jones Industrial Average: Then 14164.5; Now 14164.5
Regular Gas Price: Then $2.75; Now $3.73
GDP Growth: Then +2.5%; Now +1.6%
Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
Americans On Food Stamps: Then 26.9 million; Now 47.69 million
Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
US Debt as a Percentage of GDP: Then ~38%; Now 74.2%
US Deficit (LTM): Then $97 billion; Now $975.6 billion
Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion
US Household Debt: Then $13.5 trillion; Now 12.87 trillion
Labor Force Particpation Rate: Then 65.8%; Now 63.6%
Consumer Confidence: Then 99.5; Now 69.6
S&P Rating of the US: Then AAA; Now AA+
VIX: Then 17.5%; Now 14%
10 Year Treasury Yield: Then 4.64%; Now 1.89%
EURUSD: Then 1.4145; Now 1.3050
Gold: Then $748; Now $1583
NYSE Average LTM Volume (per day): Then 1.3 billion shares; Now 545 million shares
 
So I need to buy gold. Other than that...everythign is fine...nothing to see here.
 
whats that behind the curtain? is that the Bush Mortgage Bubble and subsequent Bush Financial Crisis? yea, destroying the economy of America and causing the first world wide recession in 30 years doesnt mean anything.

nothing to see here.
 
With interest and bond rates virtually zero, there is no better place to park money now (and there's lots of it out there) than in stocks of companies with strong balance sheets, lots of money in the bank, and poised to take advantage of things when Obama is finally gone. With Obama in office, the Dow is likely to reach that 20,000 mark, and all the Democrats will think it's because of Obama and they'll be right, but not for the reasons they think.
 
Vern said:
whats that behind the curtain? is that the Bush Mortgage Bubble and subsequent Bush Financial Crisis? yea, destroying the economy of America and causing the first world wide recession in 30 years doesnt mean anything.

nothing to see here.
Click to expand...
clownsayswhat
 
ARealConservative said:
clownsayswhat
Click to expand...

thats the nicest thing a con has ever called me. will you be my friend? Since you're my friend now, check this out. dont tell anybody. It'll be our secret.

http://www.treasury.gov/resource-center/fin-mkts/Documents/q4progress update.pdf

the President’s Working Group on Financial Markets October 2008

The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.
 
You keep printing money it has to flow some where. American's lost 3% plus in earnings last month, biggest drop in 20 years wasn't it, so clearly the money
is going to have to go some where - stocks are the current "where."

Just be sure to have a chair when the music stops.
 
ARealConservative said:
clownsayswhat
Click to expand...


Iv'e already schooled this guy on the sub-prime collapse.

He ignored the volumes of data I posted going back to 1989, and focuses on Bush's 2007 FHA program that was meant to push people out of dangerous low quality loans and into safer loans.

By 2007 it was too late. He then bllames the 2004 HUD mandates that were part of the 1994 GSE ACT on Bush.

It's ridiculous. For every source he posted I posted 10.

He ignored all of the Democrat objections to continued GSE reform from 2002 to 2008 under Bush.

And he mixed up the 2005 attempt by McCain to regulate the GSEs.
 
Vern said:
thats the nicest thing a con has ever called me. will you be my friend? Since you're my friend now, check this out. dont tell anybody. It'll be our secret.

http://www.treasury.gov/resource-center/fin-mkts/Documents/q4progress update.pdf

the President’s Working Group on Financial Markets October 2008

The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.
Click to expand...

who cares what the plunge protection team says.

the president appoints everyone on that board, correct?

and the board then goes on pointing blame elsewhere. and you find this meaningful.
 
Fenton said:
Iv'e already schooled this guy on the sub-prime collapse.

He ignored the volumes of data I posted going back to 1989, and focuses on Bush's 2007 FHA program that was meant to push people out of dangerous low quality loans and into safer loans.

By 2007 it was too late. He then bllames the 2004 HUD mandates that were part of the 1994 GSE ACT on Bush.

It's ridiculous. For every source he posted I posted 10.

He ignored all of the Democrat objections to continued GSE reform from 2002 to 2008 under Bush.

And he mixed up the 2005 attempt by McCain to regulate the GSEs.
Click to expand...

hey, the people Obama hand selected to form the plunge protection team blames Bush

what more do you want?

/sarcasm
 
CanadaJohn said:
With interest and bond rates virtually zero, there is no better place to park money now (and there's lots of it out there) than in stocks of companies with strong balance sheets, lots of money in the bank, and poised to take advantage of things when Obama is finally gone. With Obama in office, the Dow is likely to reach that 20,000 mark, and all the Democrats will think it's because of Obama and they'll be right, but not for the reasons they think.
Click to expand...

CJ, your financial instincts serve you well! Below is an excerpt from a newsletter, which ironically I just received today, that has unfailingly made money for me when I have followed their advice over the years.

"As we go to press, the economy is better than it was two years ago. But it's still too weak for the fed to halt its QE, so we will now have both velocity and money supply rising at the same time. That's the historic recipe for inflationary catastrophe...." U.S. & World EARLY WARNING REPORT March-April 2013.

They also state that this transition from a deflationary to an inflationary condition will make new fortunes for those built on anything that has value that can float upwards as the dollar's value falls. He further predicts that "America will have a comfortable, exuberant and lucrative 2013, then look out for 2014 and beyond." IOW, the waiting is over, and better times will shortly be here again...for now.
 
Fenton said:
Iv'e already schooled this guy on the sub-prime collapse.

He ignored the volumes of data I posted going back to 1989, and focuses on Bush's 2007 FHA program that was meant to push people out of dangerous low quality loans and into safer loans.

By 2007 it was too late. He then bllames the 2004 HUD mandates that were part of the 1994 GSE ACT on Bush.

It's ridiculous. For every source he posted I posted 10.

He ignored all of the Democrat objections to continued GSE reform from 2002 to 2008 under Bush.

And he mixed up the 2005 attempt by McCain to regulate the GSEs.
Click to expand...

dang it fenton, you scared away my new friend. anyhoo, fenton, you have a problem. I've not posted about a 2007 FHA policy. I posted the Bush policy annoucement from 2004 where he will eliminate downpayments which would 'generate' 150,000 more homeowners. and I've posted the Bush policy of PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING for the explicitly stated purpose of INCREASING SUBPRIME LENDING.

I posted the FHA policy in response to your made up assertion that Bush was trying to raise downpayments
I posted the OCC policy in response to your assertion that Bush had nothing to do with subprime


BUSH ADMINISTRATION ANNOUNCES NEW HUD "ZERO DOWN PAYMENT" MORTGAGE
Initiative Aimed at Removing Major Barrier to Homeownership
HUD Archives: BUSH ADMINISTRATION ANNOUNCES NEW HUD "ZERO DOWN PAYMENT" MORTGAGE

"In addition, clarification of the applicability of state laws to national banks should remove disincentives to subprime lending and increase the supply of credit to subprime borrowers. "

OCC: Economics: The Wealth Effects of OCC Preemption Announcements After the Passage of the Georgia Fair Lending Act

fenton, because I can post actual facts, I dont have to post 10,000 word replies
 
Vern said:
dang it fenton, you scared away my new friend.
Click to expand...

you are not scaring anyone with your ridiculous hyperpartisan rants. you just come off looking incredibly ignorant.
 
ARealConservative said:
who cares what the plunge protection team says.

the president appoints everyone on that board, correct?

and the board then goes on pointing blame elsewhere. and you find this meaningful.
Click to expand...

I see my new friend has a reading comprehension problem like all my other con friends. Bush's plungers say it started in late 2004. mmmm, starting in late 2004 kinda shreds all the silly con narratives that it started in 1864, 1977, 1992, 1995, 1999 or 2000 doesnt it? And they blame underwriting standards. mmmmm, who do the federal regulators at the OTS and OCC work for? mmmmm, and they dont blame the GSEs and they dont even mention the CRA. two key components of every lying conservative 'editorial.

so I'm not seeing where they're trying to blame anybody else. I can see where they leave out "bush's regulators did nothing" but can you tell me who they are blaming new friend?
 
Vern said:
I see my new friend has a reading comprehension problem like all my other con friends. Bush's plungers say it started in late 2004. mmmm, starting in late 2004 kinda shreds all the silly con narratives that it started in 1864, 1977, 1992, 1995, 1999 or 2000 doesnt it? And they blame underwriting standards. mmmmm, who do the federal regulators at the OTS and OCC work for? mmmmm, and they dont blame the GSEs and they dont even mention the CRA. two key components of every lying conservative 'editorial.

so I'm not seeing where they're trying to blame anybody else. I can see where they leave out "bush's regulators did nothing" but can you tell me who they are blaming new friend?
Click to expand...

you neglected to answer the question. I know why.

the people that issued this report you are clinging to were all appointed by the president.
 
ARealConservative said:
you neglected to answer the question. I know why.

the people that issued this report you are clinging to were all appointed by the president.
Click to expand...

ARC ... WARNING ... you will need a lot of patience ... the main tell is when anyone throws around terms like "reading comprehension problem" ... you'll discover soon enough they're running on empty.
 
bubbabgone said:
ARC ... WARNING ... you will need a lot of patience ... the main tell is when anyone throws around terms like "reading comprehension problem" ... you'll discover soon enough they're running on empty.
Click to expand...

it's nice to swing at softballs from time to time.

so he can keep lobbing his uniquely unsubstantiated brand of liberalism at us
 
ARealConservative said:
you neglected to answer the question. I know why.

the people that issued this report you are clinging to were all appointed by the president.
Click to expand...

I see my new friend uses the "you didnt answer my pointless and irrelevant question” routine to avoid the facts I posted. To answer your question I don’t know. does the president appoint them ? But I addressed the silly point you tried to make out that. Bush’s plunge protection group didn’t really point the finger at anybody so its kinda hard for you to spin "they are lying when they dont blame anybody else and make a point not blame GSEs and the CRA"

wait, did you think that was Obama's plunge protection team. oh thats precious. even my other con friends arent even that dumb. read this slowly ( I find this helps my other con friends) Bush's Working Group on Financial Markets is not "pointing the finger" at anybody else. They are purposely vague in that regard. why do you think that is?

the fed said the same thing:

Since 1995 there has been essentially no change in the basic CRA rules or enforcement process that can be reasonably linked to the subprime lending activity. This fact weakens the link between the CRA and the current crisis since the crisis is rooted in poor performance of mortgage loans made between 2004 and 2007. "

http://www.federalreserve.gov/newsevents/speech/20081203_analysis.pdf

would you like to see the underlying data that proves the timeframe new friend?
 
Vern said:
I see my new friend uses the "you didnt answer my pointless and irrelevant question” routine to avoid the facts I posted. To answer your question I don’t know. does the president appoint them
Click to expand...

yes, he does. they work for the president. Most people would of figured that out based on the name of the group (President’s Working Group )...but your special.
 
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ARealConservative said:
yes, he does. they work for the president. Most people would of figured that out based on the name of the group (President’s Working Group )...but your special.
Click to expand...

the federal reserve is on the working group. It seems to me that maybe the president doesnt get to pick the representative from the Federal Reserve but I dont know. You claim to know.

anyhoo, please explain how the president "appointing everyone" to the group changes the fact that EVERYONE BUSH APPOINTED said it started in late 2004 and it was because banks lowered their lending standards? yea, it didnt really come across to me as another political group trying to blame somebody else because they didnt blame the GSEs or the CRA as the lying wing nut press did. Please explain.
 
Vern said:
the federal reserve is on the working group. It seems to me that maybe the president doesnt get to pick the representative from the Federal Reserve but I dont know. You claim to know.
Click to expand...

the chairman of the Federal Reserve is on it, and he is appointed by the president.

someone that knows so little shouldn't really be this active in debate IMO
 
yes, the president appoints the Fed chairman but what does that have to do with BUSH'S WORKING GROUP saying banks lowered their lending standards in late 2004? how do you interpret BUSH'S WORKING GROUP not "pointing the finger" at anybody as "pointing the finger" at someone else?

just seems to me that you are simply trying to avoid the fact that you thought it was Obama's working group because why else would you not want to discuss the underlying data and the fact that the Federal Reserve said the same thing. Remember, the president appoints the fed chairman.
 
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