You Better Protect Your Ass

[Sky123987]

Quote from ByLoSellHi:

Intense economic deterioration like I've never seen it.

Optimism. Pessimism. Realism. You can only use one.

A brief purview of the latest economic data gives all indications that we are going to have one mofo of a recession or even worse.

Come All Ye' Pollyannish, and dispel the economic demons with visions of dancing Goldilocks. If you do it, try to inject some realism into your reasoning.

This is just a smattering of the intensely troubling headlines as I glance at TODAY'S Bloomberg (normally, this much bad news would be in a 6 month run):


•Manufacturing in U.S. Contracts Most Since 1982 as Credit Freeze Worsens

•Auto Sales in U.S. Plunge; October Was the Worst Month Since 1945, GM Says

•Treasury May Borrow Record $550 Billion; Primary Dealers See Growing Gap

•Banks Tighten Lending Standards Most on Record as Economic Outlook Dims

•Blue Mountain Capital Freezes Withdrawals From Its $3.1 Billion Hedge Fund

•Bankruptcy Filings in U.S. Top 100,000 a Month for First Time Since 2005

•Goldman Will Likely Post First Quarterly Loss, Merrill's Moszkowski Says

•Lehman `Good for Retirement' Notes Prove Worthless for `Livid' UBS Clients

•Bernanke Push for Lower Bank Borrowing Costs Drives Treasury Yields Higher

•India, China Increase Efforts to Cushion Their Economies From Global Slump

•Beaten-Down BRICs See No Relief Even as Record Rally Piques Equity Bulls

•Ebh Bank, Sydbank Desert Denmark's Athletes, Artists Amid Financial Crisis

•Brooklyn Heights $550 Million Waterfront Condo Shunned as Demand Dries Up

»Daimler to Cut Jobs at Alabama Auto Plant: Financial Times Link

And to add insult to injury, there's the Bloomberg Video assortment of monumental gloom:

Editors' Video Picks

Jim Rogers Says Markets May Go `A Lot Further Down'

Edmunds.com's Caldwell Sees `No Relief' for Automakers

Wachovia's Vitner Calls Manufacturing Data `Disturbing'

Lonski Sees Manufacturing in `Deep Recession,' Rate Cuts

it's all factored in dickwad. We are down 40%

 

[MrDODGE]

Quote from Sky123987:

it's all factored in dickwad. We are down 40%

Are you saying 40% is as low as the market can possibly go?

 

[makloda]

Quote from ByLoSellHi:Intense economic deterioration like I've never seen it.

Losing sleep over Bloomberg headlines again?

 

[eminitrader007]

Quote from 1flyfisher:

We are fighting Al Qaeda terrorists in IRAQ IDIOT.
And Illegals are criminal scum stealing american jobs.
Illegal brown shit stains take jobs in construction from americans and drive down the wages for americans wanting to work in construction, and all skilled labor, from cabinetry work, roofing, plumbing, painting etc.
You are an idiot.

I thought Al Qaeda was in Afganistan. The Al Qaeda that we are fighting in Iraq were created by us. America always had illegal immigrants. Unless you are 1) native american, 2) hispanic from the southwest or, 3) blacks you can't really complain about illegals. The hispanics from the southwest have been living there before the southwest was part of the US and blacks were dragged here and did not come here by choice. I do not belong to any of the three groups and I don't think my forefathers came here with a valid visa either so I try not to complain about illegal immigration.

 

[Landis82]

Quote from Joab:

Explain that one to your grand kids in 10 years from now once the total ramifications of his incompetence are realized.

I guess he enjoys leaving his kids with $11 TRILLION of NATIONAL DEBT . . . a ton of which is owned by the Chinese. Yet Bush & Company pride themselves on being tough on National Security.

Go figure.

 

[Pa(b)st Prime]

Quote from Landis82:

I guess he enjoys leaving his kids with $11 TRILLION of NATIONAL DEBT . . . a ton of which is owned by the Chinese. Yet Bush & Company pride themselves on being tough on National Security.

Go figure.

Iraq is a whopping 6-7% of that figure. The bailout cost more than Iraq. Katrina cost one quarter of Iraq.

The Treasury market doesn't care about ONE TIME expenditures like war or disaster.

What the Treasury market will soon CRASH over is the never ending promise of entitlements.

Of course leftists think that America's all so productive, educated and intellectual black/Mexican demographic will generate the tax base to pay off those obligations. Just like it works in Latin America. Great model to emmulate.....

 

[MKTrader]

The ol' "I'm short, I'm losing my shirt, but at least the headlines are on my side" argument.

Quote from ByLoSellHi:

Intense economic deterioration like I've never seen it.

Optimism. Pessimism. Realism. You can only use one.

A brief purview of the latest economic data gives all indications that we are going to have one mofo of a recession or even worse.

Come All Ye' Pollyannish, and dispel the economic demons with visions of dancing Goldilocks. If you do it, try to inject some realism into your reasoning.

This is just a smattering of the intensely troubling headlines as I glance at TODAY'S Bloomberg (normally, this much bad news would be in a 6 month run):


•Manufacturing in U.S. Contracts Most Since 1982 as Credit Freeze Worsens

•Auto Sales in U.S. Plunge; October Was the Worst Month Since 1945, GM Says

•Treasury May Borrow Record $550 Billion; Primary Dealers See Growing Gap

•Banks Tighten Lending Standards Most on Record as Economic Outlook Dims

•Blue Mountain Capital Freezes Withdrawals From Its $3.1 Billion Hedge Fund

•Bankruptcy Filings in U.S. Top 100,000 a Month for First Time Since 2005

•Goldman Will Likely Post First Quarterly Loss, Merrill's Moszkowski Says

•Lehman `Good for Retirement' Notes Prove Worthless for `Livid' UBS Clients

•Bernanke Push for Lower Bank Borrowing Costs Drives Treasury Yields Higher

•India, China Increase Efforts to Cushion Their Economies From Global Slump

•Beaten-Down BRICs See No Relief Even as Record Rally Piques Equity Bulls

•Ebh Bank, Sydbank Desert Denmark's Athletes, Artists Amid Financial Crisis

•Brooklyn Heights $550 Million Waterfront Condo Shunned as Demand Dries Up

»Daimler to Cut Jobs at Alabama Auto Plant: Financial Times Link

And to add insult to injury, there's the Bloomberg Video assortment of monumental gloom:

Editors' Video Picks

Jim Rogers Says Markets May Go `A Lot Further Down'

Edmunds.com's Caldwell Sees `No Relief' for Automakers

Wachovia's Vitner Calls Manufacturing Data `Disturbing'

Lonski Sees Manufacturing in `Deep Recession,' Rate Cuts

 

[Landis82]

Quote from Pa(b)st Prime:

Iraq is a whopping 6-7% of that figure. The bailout cost more than Iraq. Katrina cost one quarter of Iraq.

The Treasury market doesn't care about ONE TIME expenditures like war or disaster.

What the Treasury market will soon CRASH over is the never ending promise of entitlements.

Understood.

But the "pattern" of spending during the Bush Administration has been shocking to all fiscal conservatives . . . Besides, wasn't Georgie responsible for the Medicare Part D Plan, which added yet another massive Government entitlement to our budget?

 

[Landis82]

Quote from MKTrader:

The ol' "I'm short, I'm losing my shirt, but at least the headlines are on my side" argument.

Very true.
Sounds just like our resident "cut and paste" ET buddy, S2007S.

Typical ET.

 

[Pa(b)st Prime]

Quote from Landis82:

Understood.

But the "pattern" of spending during the Bush Administration has been shocking to all fiscal conservatives . . . Besides, wasn't Georgie responsible for the Medicare Part D Plan, which added yet another massive Government entitlement to our budget?

No doubt. It was going to be passed though NO MATTER WHAT.

That's the problem Wags. Bush wasn't a conservative VOICE. No leadership. In an unenlightened, entitlement junkie America we need an articulate voice that EXPLAINS the virtues of free markets, laizzes fare and small efficient government.

Obama is an articulate voice who will effectively sell BAD policies.