Mythical Money
|
By Gegner
|
January 11th, 2010
|
Greetings good citizen,
Today’s markets closed ‘mixed’, The Dow and the S&P were ‘up' but the darned Nasdaq was down…and unlike last Monday, no exchange was up (or down) very much.
For a while there good citizen, if it was Monday that meant it was time for another installment of the Credit Bubble Bulletin
But there was a while there that Mr. Noland stopped providing commentary to accompany his weekly reports…and the reports themselves were a bit dense to comment upon independently.
While it is always an interesting read, this week’s installment raises some important points about the global monetary regime that I think you all need to be aware of.
So without further adieu:
CREDIT BUBBLE BULLETIN
Issues 2010
Commentary and weekly watch by Doug NolandBookmark/Search this post with:•
•
•
•
•
•
•
•
•
•
Perception management
|
By Gegner
|
January 10th, 2010
|
Greetings good citizen,
In an ‘I’m not sure how to interpret this’ moment, it is rather perplexing to see all of the wailing and screaming over the ‘much anticipated’ stock market bounce come to naught…
My last post was on how unemployment numbers were affecting the stock market and it seems to have been the ‘banner du jour’ of yesterday’s blogosphere commentary.
BUT, what most people were expecting to happen, DIDN’T happen…beyond a tiny surge at the end of trading on Friday, the markets remained fairly flat.
This is not to discount the fact that the markets tacked on 190 points over the course of the past week; and it is not unreasonable to assume that this was mostly in ‘anticipation’ of ‘better than expected’ unemployment figures…which sorta didn’t happen.
So, did it happen or didn’t it? I’d be inclined to say the weasels pulled off another ‘fast one’ right under the public’s unsuspecting nose.
•
•
•
•
•
•
•
•
•
•
Jobless report rattles markets
|
By Gegner
|
January 8th, 2010
|
Greetings good citizen,
Um, the markets closed ‘up’ today but it was rather obvious that they ‘painted the tape’ at the close of trading…even the near vertical finish in the last twenty minutes of trading only put the Dow up 11 points.
I’m sure nobody is ‘shocked’ to read the warnings that the recovery is likely to be more ‘muted’ than originally anticipated. That seems to be a ‘sign of the times’ where suddenly everything is ‘surprising’ or ‘disappointing’, depending on the news.
Ironically, this begs the question of how these ‘analysts’ keep their job being wrong so often, the only other ‘occupations’ that are more forgiving is weather forecasting, followed by professional sports.
Understand good citizen that tonight’s headline has been altered to reflect the market’s ‘positive finish’, so we proceed with tonight’s offering
•
•
•
•
•
•
•
•
•
•
MSM vs. The Blogosphere
|
By Gegner
|
January 7th, 2010
|
Greetings good citizen,
I have speculated rather extensively on the subject of whether or not ‘elected officialdom’ would feel obliged to tell us if the moorings for ‘life as we have come to know it’ were about to shatter into a jillion pieces…
I also believe that I have made it quite clear it is my opinion that our ‘public spirited’ representatives would, er, ‘decline’ to share (much less admit) that things were less than absolutely wonderful, a ‘phenomenon’ we are provided with ample evidence of whenever we are subjected to ‘government statistics’.
Um, naturally, the operative word here is ‘opinion’…although it does dovetail nicely with the huge and growing gap in what passes for reporting between the MSM and the Blogosphere.
One would seriously question if the reports are being submitted from the same planet, so widely do the two diverge from one another…
•
•
•
•
•
•
•
•
•
•
Class War
|
By Gegner
|
January 6th, 2010
|
Greetings good citizen,
As the great ‘Ponzi Scheme’ we call ‘the American Dream’ continues to unravel, one theme keeps repeating over and over again…
Are you worthy?
This is a bit of an odd question which most of us (rightly) don’t feel qualified to answer. It is assumed that you are indeed worthy until your actions prove otherwise. Think all of the bad things you like, thoughts are not deeds. Thoughts that go unvoiced are impossible to prove, none of us are able to see/hear what goes on in the mind of another, much less prove that another is ‘guilty’ of thinking…er, ‘harmful’ thoughts.
So we might wonder what being ‘worthy’ has to do with the current turmoil coursing through our rapidly decaying social framework.
Who would be trying so vigorously to sort the ‘worthy’ from those who are not? It is perhaps a more interesting question to ask what yardstick the ‘sorters’ are using?
•
•
•
•
•
•
•
•
•
•
Get the Hell out of Dodge!
|
By Gegner
|
January 5th, 2010
|
Greetings good citizen,
After yesterday’s, er, ‘stellar’ performance, today’s markets couldn’t get out of their own way…which isn’t particularly surprising.
You see, I’m not the only one who has serious misgivings about the, er, ‘soundness’ of today’s financial markets. As I have stated before, only a fool would risk their own money in today’s extremely, er, ‘gamed/rigged’ markets.
Worse good citizen…what we’re seeing…what’s being ‘passed off’ as market activity is actually nothing more than the ‘remote control’ machinations of the big trading desks, playing with public funds.
Why isn’t anyone raising a stink? Well, technically, this isn’t illegal.
Um, once again this is another ‘unsettling’ instance of Ilargi and I ‘channeling’ one another…
[Hattip: The Automatic Earth]
•
•
•
•
•
•
•
•
•
•
Up, up and Away!
|
By Gegner
|
January 4th, 2010
|
Greetings good citizen,
Not only do we begin a whole New Year but we also embark on a brand new decade (for those of you who get excited over that sort of thing…)
I hope you all enjoyed your holidays as much as I did…and for anyone who laments the end of the holiday season, take heart…you’ll soon be seeing a lot more of your relations than you ever thought possible!
Um, I just finished perusing the Daily Rag and challenging my math skills by counting how many open positions were advertised in the Help Wanted section…it’s been averaging 7 jobs for the past five months…but today I had a finger left over…no, not nine jobs but four (jobs, total!) (And you’re being mighty picky by stating that your thumb ‘technically’ isn’t a finger…)
Anyway, did I wish you all a ‘Happy Freaking New Years’ yet?
Just don’t ask what there is to be happy about, or better yet, be advised that ‘happy’ is a relative term…
•
•
•
•
•
•
•
•
•
•
Land of the Rising Sun or is that Sunset?
|
By Gegner
|
December 31st, 2009
|
Greetings good citizen,
Just gathering the last few details for tomorrow night’s ‘annual’ get together…which doubles as a warning for you not to expect a new post for a couple of days. I’ll be ‘entertaining’ tomorrow evening and probably land myself back in ICU sometime early Friday morning!
Um, just kidding…although considering how this year has gone, it’s nothing to joke about.
Moving along, the ‘Stupidity index’ barely budged (ain’t none of those brokers ‘investing’ their ‘bonuses’ in the damn markets…they must know better, which tells the rest of us something all by itself.)
Most of us suspect 2010 is going to be a real ‘pisser’, especially for the, er, ‘optimistic’ among us who are looking for a ‘recovery’. It ain’t happening and it ain’t gonna happen.
•
•
•
•
•
•
•
•
•
•
Things that make you go 'hmmn.'
|
By Gegner
|
December 29th, 2009
|
Greetings good citizen,
Science isn’t for everyone (as evidenced by the dreck Hollywood continues to produce by the bucketful. Who funds this crap anyway?)
Um, if you’d rather perform your own dental work than be assaulted by news from today’s ‘scientific frontier’ then this article won’t be to your liking…but that does nothing to alter the ‘likely outcome’ of this kind of research.
Yes good citizen, I am often astonished by the mind-numbing lack of curiosity displayed by the average individual (not that I particularly blame them…so far technology has primarily been used to make things more difficult rather than easier. Your ‘solitude’ was the first item to be sacrificed on the altar of ‘high tech’, your ‘privacy’ followed immediately behind, for those of you who (mistakenly) think solitude has no value…)
•
•
•
•
•
•
•
•
•
•
'Unnewsworthy'
|
By Gegner
|
December 28th, 2009
|
Greetings good citizen,
Hope everyone had an enjoyable holiday in as much as they weren’t too disappointed with how things have turned out.
Once again it was a semi-eventful holiday respite with Mr. Geithner’s Treasury providing the bankster community with a special Christmas ‘present’. A present in the form of removing the ‘cap’ from Fannie & Freddie’s ‘balance sheets’ so these two mortgage cesspools holding tanks can expand their holdings of toxic paper…in essence making investors ‘whole’ at 100 cents on the dollar at, what else? Taxpayer expense!
Um, if you missed this little gem that’s okay, you were supposed to, that’s why the press release was scheduled for Christmas Eve sometime after 5:00…
Um, this sort of brings us to tonight’s offering which deals with ‘news items’ you may not have heard anything about… [Hat tip: Cryptogon]
•
•
•
•
•
•
•
•
•
•
Israel recalling its envoys worldwide
|
By Pen
|
December 27th, 2009
|
It seems that Israel is recalling all its envoys worldwide. This is unprecedented in Israels history.
They are being recalled to attend a conference.
Benyamin Netanyahu will also attend the conference along with Defense Minister Ehud Barak, Minister of Intelligence and Atomic Energy Dan Meridor, and other senior officials.
Something big seems imminent.
•
•
•
•
•
•
•
•
•
•
Opiate of the classes...
|
By Gegner
|
December 23rd, 2009
|
Greetings good citizen,
Um, the markets way as well have remained closed for all of the movement that didn’t happen. Which we can suppose is just as well, I was reading a piece about high speed trading today and it struck me as, um, bizarre that these traders can move in and out of a stock in a millisecond and make money doing it! It is estimated that these special trading desks make billions of dollars a day buying and selling huge amounts of shares that fluctuate a penny or two in the course of a couple of hours.
•
•
•
•
•
•
•
•
•
•
What's a girl to do?
|
By Gegner
|
December 22nd, 2009
|
Greetings good citizen,
I still haven’t read a single ‘corroborating’ story in the MSM regarding yesterday’s rather sensational story about the alleged Supreme Court decision.
Naturally, it is hard to tell what this means, we won’t know anything for sure until there is an incident…and I’m pretty sure nobody wants to be THAT ‘test case’.
Along the same general lines we have this story ripped from the pages of ‘The Automatic earth’ where a commentor advises this story is from a ‘back issue’ of ‘Life Insurance Today’ which originally appeared on March 5th of this year…
So why run with it?
Setting aside the ‘breathless’ tone of the piece, the position it takes isn’t necessarily ‘irrelevant’.
•
•
•
•
•
•
•
•
•
•
Conceptual Guerilla Radio 12-22-09
|
December 22nd, 2009
|
"Overpoliced" Here's a fun question for you. How many uniformed police officers were on duty in the US the day the constitution was ratified?
Download: 
Subscribe: 
54:00 minutes (24.72 MB)
•
•
•
•
•
•
•
•
•
•
Shock & Awe..redux
|
By Gegner
|
December 21st, 2009
|
Greetings good citizen,
Hope everyone had a nice weekend. Sorry for the silence but other matters conspired. Seems something indeed erupted over the weekend to stir up the blogosphere and perhaps that’s the disturbing part, I haven’t seen a confirming story in the MSM…yet.
Um, flipping that rock over, the tale is running on several, er, ‘mainstream’ blogs which tends to lend this bizarre story credence. What am I babbling about? well, tonight’s offering was purloined from Michael Panzer’s site, Financial Armageddon, and the intro below is an excerpt from Mr. Panzer’s novel of the same name.
Shocked and Unnerved
Everywhere and anywhere, those seen as rejecting even a small measure of an America-centric perspective will be labeled undesirables, subversives, and even “enemy combatants,” whether or not evidence supports the assertion.
Bookmark/Search this post with:
Conceptual Guerilla Radio 12-21-09
|
December 21st, 2009
|
"Winter Solstice Greetings" For a nice tweak aimed at your fundamentalist friends -- if you have any -- wish them a happy Winter Solstice. It's a holiday created by the laws of physics.
Download:
Subscribe:
52:30 minutes (24.04 MB)
•
•
•
•
•
•
•
•
•
•
Conceptual Guerilla Radio 12-18-09
|
December 18th, 2009
|
"The Fall Of The Third Republic" Sam Smith of "Undernews" says our nation is in full collapse. He appears to be believe it's the first time. In fact, it's the third. The last two were equally bleak in the early days, from the standpoint of the forces of progress.
Download:
Subscribe:
56:00 minutes (25.64 MB)
•
•
•
•
•
•
•
•
•
•
Losing streak resumes on Wall Street....
|
By Gegner
|
December 17th, 2009
|
Greetings good citizen,
Where to begin? I picked up on an article early in the trading session figuring it would be woven into today’s ‘narrative’. As you know, the ‘Stupidity Index’ closed down 130 points today…well, when I snipped tonight’s (2nd) offering the Dow was already down 40.
Will ‘The most wonderful time of the year’ be the backdrop for another ‘bloodbath’ on Wall Street? Christmas is only a week away…
Dow Slips for a Third Day, but the Dollar Strengthens
By JAVIER C. HERNANDEZ
Published: December 17, 2009Wall Street investors sold off on Thursday as light trading amplified concerns about foreign debt and a weaker-than-expected report on the labor market. [Now tonight’s second offering]
Bookmark/Search this post with:
Conceptual Guerilla Radio 12-17-09
|
December 17th, 2009
|
"Your Natural Born Rabble Rouser" Today's show may be summarized with one question. "Where are our tea parties?"
Download:
Subscribe:
This work is licensed under a
53:23 minutes (24.44 MB)
•
•
•
•
•
•
•
•
•
•
Housing starts up?
|
By Gegner
|
December 16th, 2009
|
Greetings good citizen,
I suppose today was another ‘goofy’ day in the markets, which opened higher but closed mixed with the Dow losing 10 points just before the close.
As usual, I copied tonight’s twin offerings well in advance of today’s closing bell…so they reflect conditions earlier in the trading day.
Let’s proceed to tonight’s first offering rather than get bogged down in a narrative, shall we?
Wall Street Opens Higher on Economic Reports
By THE ASSOCIATED PRESS
Published: December 16, 2009Stocks opened higher Wednesday on Wall Street after the government said consumer prices rose in November, led by higher energy costs. [Not exactly ‘happy news’ and definitely not good news for the ‘consumer discretionary’ sector! So we can only wonder why the markets are headed ‘up’ instead of the opposite direction?]
Bookmark/Search this post with:
