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  • #11,861
  • Sep 13, 2011 2:27am Sep 13, 2011 2:27am
Quoting Wulfgar
omg... its sbsolutely ridiculous

i think greek CDS's went to like 3800 yesterday...

just go bankrupt and reset already....


They hit 4000 yesterday, more expensive to insure then the bond is, go figure.
  • #11,862
  • Sep 13, 2011 2:28am Sep 13, 2011 2:28am
Quoting Wulfgar
All the fed members are getting closer to jumpin on the QEWW3 bandwagon

Nothing else is working, Obamarama is a sitting duck, at this rate he is not going to get reelected. He had a go at the rich in his jobs bill by taxing private jets, that's really going to help the lobby now isn't it????? GL on your next fundraising drive.
  • #11,863
  • Sep 13, 2011 2:28am Sep 13, 2011 2:28am
Quoting cloggie
They hit 4000 yesterday, more expensive to insure then the bond is, go figure.
omg... i missed that

makes no sense that they still havent had a tech default... unbeleivable
  • #11,864
  • Sep 13, 2011 2:30am Sep 13, 2011 2:30am
Quoting Wulfgar
omg... i missed that

makes no sense that they still havent had a tech default... unbeleivable

They can't default, only thing they can do is another round of haircuts but that will only trigger 1 yr to 150%. The FI boys will get paid, one way or another. Some in Germany may well want them to bugger off, the problem now is that they waited too long and Greece leaving the Euro now will only mean they will not get credit on the open market, they should have pulled the plug last year.

The market is forcing a solution now by driving the financials down and talking about downgrades. France and Germany can handle Greek bailouts, they can't politically handle the bailout of their own banks on the back of lousy PIIGS, plenty will be struggling meeting Basle III at these levels.
  • #11,865
  • Sep 13, 2011 2:33am Sep 13, 2011 2:33am
Quoting pkimnyc
btw, it doesn't look like M.

it's more like quadruple tits.... shit i mean tops.....
Is...actually. Had to zoom out, but yeah...you're right.
  • #11,866
  • Sep 13, 2011 2:33am Sep 13, 2011 2:33am
Quoting cloggie
Nothing else is working, Obamarama is a sitting duck, at this rate he is not going to get reelected. He had a go at the rich in his jobs bill by taxing private jets, that's really going to help the lobby now isn't it????? GL on your next fundraising drive.
Him getting the boot is our only hope (funny word) because it's all about confidence. A lot of money sitting under the mattress in the U.S.

On the other hand we have the bible cuckoos....
  • #11,867
  • Sep 13, 2011 2:33am Sep 13, 2011 2:33am
Quoting Wulfgar
All the fed members are getting closer to jumpin on the QEWW3 bandwagon
i hear that here and in the media. i hear that there is home loans close to 4% out there. so i ask... what will qe do? commodities are falling. so they can do it... but w/o demand, i think the brokers and others benefiting are making way to much of qe... and there is no political will to do it.. bb has rates at 1% already.. big companies are hording dollars. so w/o demand all this qe talk is just talk. sure they can do it.. but if the money sits idle, is it done?
those who can, do. those who cant, talk about those who can
  • #11,868
  • Sep 13, 2011 2:34am Sep 13, 2011 2:34am
Quoting cloggie
Nothing else is working, Obamarama is a sitting duck, at this rate he is not going to get reelected. He had a go at the rich in his jobs bill by taxing private jets, that's really going to help the lobby now isn't it????? GL on your next fundraising drive.

He has had terrible economic policy the past 2.5 years

last week in detroit( where unemployment is over 50%) he stood up there and talked about how the recovery wasnt "fully complete".... im suprised he wasnt assassinated right there

unfortunately u r right... i mean... the US is pretty screwed... in 1970 manufacturing made up 25% of american jobs... Now it is 9%

its almost impossible to run a business in the US due to corporate restrictions, tax rates, forced health care, rising trade deficeits, etc.. etc...


brutal times... brutal
  • #11,869
  • Sep 13, 2011 2:35am Sep 13, 2011 2:35am
Quoting gatorinla
i hear that here and in the media. i hear that there is home loans close to 4% out there. so i ask... what will qe do? commodities are falling. so they can do it... but w/o demand, i think the brokers and others benefiting are making way yo much od a qe... and there is no political will to do it.. bb has rates at 1% already.. big companies are hording dollars. so w/o demand all this qe talk is just talk.

China slowing is not helping demand either.
  • #11,870
  • Sep 13, 2011 2:36am Sep 13, 2011 2:36am
Quoting cloggie
They can't default, only thing they can do is another round of haircuts but that will only trigger 1 yr to 150%. The FI boys will get paid, one way or another. Some in Germany may well want them to bugger off, the problem now is that they waited too long and Greece leaving the Euro now will only mean they will not get credit on the open market, they should have pulled the plug last year.

The market is forcing a solution now by driving the financials down and talking about downgrades. France and Germany can handle Greek bailouts, they can't politically...
Well what happens when the Core countries start inevitably getting in trouble? I mean... France CDS's are movin up too... as are germany's...

I mean.. Germany cant bail everyone out.... and if I was German Id get pissed off pretty quick if my taxes are bailing out a bunch of insolvent countries...
  • #11,871
  • Sep 13, 2011 2:38am Sep 13, 2011 2:38am
Quoting Wulfgar

its almost impossible to run a business in the US due to corporate restrictions, tax rates, forced health care, rising trade deficeits, etc.. etc...


brutal times... brutal

The environment is worse in Europe, the taxes are higher, more red tape, salaries are higher and they make it work here. The bigger problem is that US manufacturing is making stuff nobody wants to buy. Look at cars, would you rather have a US car with 1970's technology or a modern European one.

The issue is far greater, China makes cheap rubbish and the US makes outdated products. Manufacturing in the US is just behind the times, they never updated, because they never had to and now they are paying the price.
  • #11,872
  • Sep 13, 2011 2:40am Sep 13, 2011 2:40am
Quoting Wulfgar
Well what happens when the Core countries start inevitably getting in trouble? I mean... France CDS's are movin up too... as are germany's...

I mean.. Germany cant bail everyone out.... and if I was German Id get pissed off pretty quick if my taxes are bailing out a bunch of insolvent countries...

I have said it before, the EU/euro benefits Germany to the tune of 100Bn+ a year, they can easily afford it as long as they keep looking long term, the issue is reelection of Merkel/Sarkozy now, they are looking short term.
  • #11,873
  • Sep 13, 2011 2:41am Sep 13, 2011 2:41am
Quoting cloggie
The only thing that can save the euro is QE3, Fisher again hinted at it last night, but we all know he is a big proponent of it, always has been.

Ze Germans don't want QE, they want to drive this sucker down, 1.40+ is killing them. As always this whole game is a game of 2 players, the US and Germany, the rest is irrelevant.
some dummy posted those words here 2 years back. if u substitute qe for printing it would be exact.
those who can, do. those who cant, talk about those who can
  • #11,874
  • Sep 13, 2011 2:44am Sep 13, 2011 2:44am
Quoting cloggie
The environment is worse in Europe, the taxes are higher, more red tape, salaries are higher and they make it work here. The bigger problem is that US manufacturing is making stuff nobody wants to buy. Look at cars, would you rather have a US car with 1970's technology or a modern European one.

The issue is far greater, China makes cheap rubbish and the US makes outdated products. Manufacturing in the US is just behind the times, they never updated, because they never had to and now they are paying the price.
Well its like i said about detroit... the once massive auto manufacturing center of the world is dying a noisy horrible death.... its a microcosm of the problem you are referring too

hell even the "next generation jobs" and the "green jobs" that Obama keeps talking about are rapidly leaving the country

I heard evergreen solar, the 3rd largest solar panel producer in the country, is leaving america for china and laying off 800 american workers

not only that, the United States now spends more than 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States... and with china slowing down too its becoming a major shitstorm
  • #11,875
  • Sep 13, 2011 2:46am Sep 13, 2011 2:46am
Quoting Wulfgar
Well its like i said about detroit... the once massive auto manufacturing center of the world is dying a noisy horrible death.... its a microcosm of the problem you are referring too

Nobody wants to buy their products. As an extreme example, I can buy a 1 yr old Cadillac here for the price of a new VW Polo, even used we Europeans won't pay more for a US car then it is worth its weight in metal.

The only way for Detroit to survive is jump 20 years in development and that is something they can't afford right now.

Detroit still uses leaf springs in their cars, we haven't used them since the horse and carriage and they were shit back then.
  • #11,876
  • Sep 13, 2011 2:48am Sep 13, 2011 2:48am
Quoting cloggie
I have said it before, the EU/euro benefits Germany to the tune of 100Bn+ a year, they can easily afford it as long as they keep looking long term, the issue is reelection of Merkel/Sarkozy now, they are looking short term.
Damn... so in essence if Merkel/Sarkozy get reelected than they are going to continue to push to keep Devaluing the Euro and backing the Bailout packages for the PIIGS? Since it benefits them?

Im just curious as to how it benefits them so greatly.... logically it would seem that bailing out insolvent countries by backing these bailout programs would hurt them more than help them? Im def missing a piece of the puzzle here...
  • #11,877
  • Sep 13, 2011 2:49am Sep 13, 2011 2:49am
Quoting Wulfgar
He has had terrible economic policy the past 2.5 years

last week in detroit( where unemployment is over 50%) he stood up there and talked about how the recovery wasnt "fully complete".... im suprised he wasnt assassinated right there

unfortunately u r right... i mean... the US is pretty screwed... in 1970 manufacturing made up 25% of american jobs... Now it is 9%

its almost impossible to run a business in the US due to corporate restrictions, tax rates, forced health care, rising trade deficeits, etc.. etc...


brutal times... brutal
my business does well. in any business you dont know the future. all i hear is hold my hand and make me not fail. in the real world, i hire someone if i need someone. that other talking point crap does not control a thing i do or dont do.
those who can, do. those who cant, talk about those who can
  • #11,878
  • Sep 13, 2011 2:50am Sep 13, 2011 2:50am
Quoting cloggie
Nobody wants to buy their products. As an extreme example, I can buy a 1 yr old Cadillac here for the price of a new VW Polo, even used we Europeans won't pay more for a US car then it is worth its weight in metal.

The only way for Detroit to survive is jump 20 years in development and that is something they can't afford right now.

Detroit still uses leaf springs in their cars, we haven't used them since the horse and carriage and they were shit back then.
No you are right... hell, americans dont want american cars

The only thing America has an edge in the market on as far as autos go is Heavy duty truck applications... which is a tiny fragment of the marketplace anyhow
  • #11,879
  • Sep 13, 2011 2:50am Sep 13, 2011 2:50am
Quoting Wulfgar
Damn... so in essence if Merkel/Sarkozy get reelected than they are going to continue to push to keep Devaluing the Euro and backing the Bailout packages for the PIIGS? Since it benefits them?

Im just curious as to how it benefits them so greatly.... logically it would seem that bailing out insolvent countries by backing these bailout programs would hurt them more than help them? Im def missing a piece of the puzzle here...

The issue is that right now they don't want to push the boat too far as it will hurt them in reelections, too many French and German voters balk at further bailouts. If they get reelected we will see a further appetite for saving the euro, longer term it makes perfect sense to Germany/France.
  • #11,880
  • Sep 13, 2011 2:51am Sep 13, 2011 2:51am
Quoting cloggie
Detroit still uses leaf springs in their cars, we haven't used them since the horse and carriage and they were shit back then.
Now that's some funny shite.
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