Topic: Market craps itself, MFM wonders why...

[Libertas]

NBC...Sheesh!

When pinheads recognize there are serious problems, it's already too late to do much about it!

http://www.cnbc.com/id/43239586

http://www.cnbc.com/id/43236764

This is usually the time where Keynesian jackasses unleash all their can-kicking tricks and make things much much worse!

Even Robert Reiiiicccchhhhhahhh makes more sense than his proglodyte contemporaries, and he is dead right that we can expect little help from the rest of the world to come to our rescue.

http://www.ft.com/cms/s/0/aa81cf92-8c3f-11e0-b1c8-00144feab49a.html#axzz1O4d3vAjV

This is shaping up to be one hot summer!

[charlesoakwood]

"It seems that almost every bit of data about the health of the US economy has disappointed expectations recently,"

Wrong butt breath, the "experts" never get it right.

Wall Street is having a hard time figuring out what to do now that the U.S. economy appears to be...

I don't think so.  It's you experts that are having a hard  time comprehending reality.   The market knows what it's doing and what the govt. manipulators are doing.  Remember, 'mommy said to quit picking at it and it would get better'.

[trapeze]

The "business news" media is every bit as compromised as the rest of the media.

Remember when, post 9/11, GWB was given scant respect for his recession recovery because it was a "jobless recovery?" I haven't heard that term used once in the last two and a half years to describe the wonderful and miraculous O'Bama recovery.

No. Instead we have been treated to report after report citing "unexpected" results. Instead the truth about the stimulus (that it has been a slush fund for the Democrats) has been papered over. You will note that no one talks about "shovel ready jobs" anymore. That term was bandied about to sell it to the public and now that the money has been spent (largely on public sector payrolls and pension funds) is there any accountability as regards "shovel ready jobs?" No, of course not. And there won't be. Not until a Republican candidate with a backbone and testosterone demands to know where all these trillions of borrowed dollars went. In other words, it will take a conservative candidate to do the job of the media and point out that there are no Hoover Dams to show for these trillions. There is not Golden Gate Bridge or any of the other public works projects that we were led to believe would be the result of all of this unprecedented borrowing and spending.

No, the business media is largely silent over this fraud. There are exceptions but too damned few to overcome the carney show that has been and continues to perpetrate history's biggest ever bait and switch.

[Sectionhand]

The Dow is no indicator of this country's industrial strength . It looks , though , like reality has caught up with the Financial Spit-Swappers .

[warpmine]

Let's apply the term "Vodoo Economics" as it fits like a glove.  No matter which magic the witch doctors in DC cast it turns out that the product is only a zombi looking for more money to fix it. Shoot it in the head and be done with it as it was never alive this cycle to begin with.

We can look forward to Riecht to explain why we nevr through enough money at it from the start. In his view, we should have borrowed five trillion so all those Shovel Ready projects could be realized.

Ignorance or deliberate or six of or half dozen of the other, it's all sh*t to these so called experts.

The FED Reseve should go ahead and print the first million dollar note with Obamakov's mug on it.

[Libertas]

The market does know what it is doing, it is the only thing properly digesting the burnt crow the pointy-head types are passing on.  And now with QE3 all but certain, the market will react yet again.  There is going to be more gas thrown on the fire, and the tainted media elites are content to sit back and watch it all happen and are poised to throw their arms up on cue and blame republicans, big business, speculators, racists...everyone but themselves and the sorry asses they protect!

The POSOTUS, DemonRat Senate, Turbo Timmy, the Fed, the MFM and ultimately all of us share the blame, but the first 5 bear the heaviest burden and they possess the operational majority share of responsibility!

http://www.zerohedge.com/article/did-fed-just-gave-green-light-sell-stock-market?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

[charlesoakwood]

[blockquote]

special questions included in the March 2011 SCOOS suggest an increase in the use of leverage by some traditionally unlevered investors (such as pension funds and insurance companies) as well as hedge funds during the previous six months

.[/blockquote]

In The Jail House Now - Johnny Cash

[charlesoakwood]

Dow tumbles 280 points...
Private Sector Jobs Grew By Only 38,000 in May...
Planned Layoffs Up...
Manufacturing Slows...
ECONOMIC 'HORROR' AS DATA PLUNGES
Obama bailout of GOV'T MOTORS to cost taxpayers at least $14 billion...
MORE PUMP: Prepare for 3RD ROUND Of Money Printing...
Greece goes further into junk territory; MOODY'S downgrades...

Dedicated to Timmy the Turbo:

Blind Blake - He's in the Jailhouse Now


 Blind Blake (with Gus Cannon on banjo)
 1927

[Pandora]

... and ultimately all of us share the blame ....

O rly.

[charlesoakwood]

... and ultimately all of us share the blame ....

O rly.

Did you only vote once?  Did you vote by yourself or did you help facilitate transportation to other voters?
 

[Libertas]

... and ultimately all of us share the blame ....

O rly.

Those of us who allowed this atrocity to happen that is, they know who they are, and many of us here also know who they are!

They are on the list!

 

[Pandora]

... and ultimately all of us share the blame ....

O rly.

Those of us who allowed this atrocity to happen that is, they know who they are, and many of us here also know who they are!

They are on the list!

 

Fine; they're on the list.  Operative word:  they.  Not us... or, to be more precise, I.

~~~~~~~~~~~~~~~

I'm ignoring you Charles, because, as IDP sez " .... best of intentions, best of intentions .... ".

[charlesoakwood]

... and ultimately all of us share the blame ....

O rly.

Those of us who allowed this atrocity to happen that is, they know who they are, and many of us here also know who they are!

They are on the list!

 

Fine; they're on the list.  Operative word:  they.  Not us... or, to be more precise, I.

~~~~~~~~~~~~~~~

I'm ignoring you Charles, because, as IDP sez " .... best of intentions, best of intentions .... ".

[Sectionhand]

The "business news" media is every bit as compromised as the rest of the media.

Remember when, post 9/11, GWB was given scant respect for his recession recovery because it was a "jobless recovery?" I haven't heard that term used once in the last two and a half years to describe the wonderful and miraculous O'Bama recovery.

The Bureau of Labor Statistics has reported that since Stymie took office there has been a NET LOSS of 2.5 million jobs in this country despite the funny figures , cooked and touted by the administration .

The other thing to be concerned about is the MSM's obvious concern over Moody's threat to consider a lower rating for the U.S. if the debt ceiling isn't raised . Now I ask you , what reputable credit rating organization would recommend raising a credit rating of a company already up to it's ears in debt with no plan to regain profitability ? Moody's has , to say the least , an extremely shady background in its dealings i.e. extortion activities against Hanover Re which refused to use its services and its scandalous involvement in collateralized debt obligations prior to the meltdown . Another red flag is the suspected inside trading of Moody's chairman Raymond McDaniel . You can be sure that Moody's has something to gain over an increase in the debt ceiling with or without deficit reduction .

I wouldn't use a Moody's rating as toilet paper !

[warpmine]

With the threat of prosecution for insider trading, it's a safe bet that Obamakov's thugs have McDaniel by the scrotum. He may be a surefire sub for the legendary Slim Whitman