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I remember that time. Wasn't the money market frozen?

I was going to post this somewhere else. I'll post here. It's amazing to me as a trucker how much you can see--in April my dispatcher and owner of co. was having a hard time loading flatbed freight. At a seasonally strong time. I felt right then the economy was in trouble. Anyway, tops take time...

Oh yeah Jim Grant I forgot. He's right up there with Alan Abelson as far as permabears. My mentor met him and used to exchange their work for free, so I'd see his work often. The thing is, wall street kind of laughs at him cause he's always so bearish, but his work is so solid that they can't...

I had a guy in sep 14 ask me if I wanted a job hauling frac sand. Those guys made stupid money when the market turned between 2010 and 2014. I had a sense the market had turned but never imagined this

Yes. Was that Keynes?

He's been saying that the government can't keep printing and get away with it. Since at least 09. And I believe him. Unfortunately I also bought TBT when he said the low 3 percent rates on the ten year weren't sustainable. Right again. They are now closer to two.

I'm not disagreeing. The needle on my BS meter moved a little, that's all. I think you might be ok, though.

OK I'll buy that. I mean I think your chart could be right. It's interesting that we don't have any politicians claiming responsibility for this wonderful fall in oil.

OK what does the chart say after that?

Based on what?

Didn't he get fired by Pimpco, then by George Soros? I'm not sayin', just sayin.

Oh man you took the words right out of my mouth. We've got to be closer to a bottom. Unfortunately it may not save some of the US companies in this area.

To this trader, it seems like they will test the August lows. Then we will see.

We must be genius-es. Yuk yuk. Hey, happy almost bear market!

It would be great. Then any business that wanted to raise money would have to get their paperwork stamped by a bureaucrat. They would really have their tentacles in things, and be able to sell even more influence. I'm surprised this hasn't happened already.

The markets are down because demand sucks, all over. Find me anywhere there's strong demand, except maybe bankruptcy lawyers in the oil patch, and I'll listen. The consumer can carry this economy only so long. And declining markets only exacerbate the problem, as people get spooked and hold off...

The funny thing is, you would think that they would know that the government stats are rigged. I mean, the unemployment rate isn't the real rate, but they can't figure out why the numbers say we have nearly full employment and little wage improvement. Duh.

That sounds like code for them becoming a branch of government, where altruistic government workers could make better decisions, free from the corrupting demands of the capitalist system. Separately, Janet Yellow is busy fighting wage and price inflation, convinced that the forces driving down...

What are you scared about? My (our) traders' antannae just got an erection over that one. It's going down, the opposite of up.

Price is not a reason to buy.