Actual picture of 30 year old Wall Street traders.
Our glorious leader has been taking full credit for the stock market surge since his election. This is his market. He owns it. I await his tweet this afternoon taking credit for the 1,175 point crash today and the 2,271 point decline since his state of the union address. He used the market climb as proof his policies were working. So what does this crash mean?
This is what happens when politicians take credit for shit that has nothing to do with them or reality. I haven’t seen a tweet about the surge in black unemployment to 7.7% last month after touting the all-time low of 6.8% non-stop for the prior month.
I despise pompous arrogant assholes who think the world revolves around them, taking credit for that which they played no part in producing. Trump embraced the bubble and now he will have the bust all over his orange face. Enjoy the headlines Trump. It’s your market now.
Dow plunges 1,600 points at lows, marks worst intraday point drop in history, on computer-driven selling
A President… Any president taking credit for Wall Street performance…or gas prices at the pump is like a fucking rooster taking credit for the sun rising in the East.
I’m liking this Peak guy. 2 great comments in 2 days! what do you have, Maggoo, a Moutain Mamma?
Taking credit for the rise in stocks was ridiculous. He should take credit for what he can do – like deporting the shit out of Dreamers starting March 5. I’d like to see a tweet that just says “time to start shooting the hostages”.
Mortgage rates probably dropped 1/8% today. Any day when stocks tank, he should take credit for interest rates dropping.
Make of it what you will but if Q’s drops this morning are being interpreted correctly, the 666 point drop was intentional and done as a message to Trump from the Deep State. I’m sure the market shenanigans today are related. These people are literally fighting for their existence.
The Rothschild’s assets have been seized forcing them to sell their ancestral hunting property in the Black Forest at fire sale prices ($112million Check the place out, it’s fucking stunning and the size of Manhatten) Word is that payment was entirely in Bitcoin and Monero.
The following are the relevant drops.
Q !UW.yye1fxo 02/05/18 (Mon) 07:41:35 641129 No.274601
>>274558
Would POTUS make a serious accusation if the TRUTH wasn’t about to come to LIGHT?
Black Forest.
Austria.
Rothschild.
FIRE sale days after post?
What went on there?
Dopey.
You have more than you know.
Q
Q !UW.yye1fxo 02/05/18 (Mon) 09:18:31 472124 No.275572
>>275544
[666]
Signal to POTUS THEY CONTROL THE MARKET?
SIGNAL?
THREAT?
WELCOME TO THE GLOBAL WAR.
Q
Q !UW.yye1fxo 02/05/18 (Mon) 09:16:50 472124 No.275544
Why did the #Memo drop a Friday [& before the SB]?
Did this seem strange to you?
Watch the news.
Rothschild estate sale [Black Forest].
Stock market DIVE [666 – coincidence?].
Soros transfer of wealth.
Dopey FREED.
Marriage for POWER, not LOVE.
Hilton/Roth.
Soros/Clinton.
Etc.
News unlocks MAP.
Think Mirror.
Which team?
THEY don’t know.
APACHE.
These people are EVIL.
Still don’t believe you are SHEEP to them?
20/20 coming.
PUBLIC is VITAL.
RELEASE of INFO VITAL.
OUTRAGE.
JUSTICE.
Can we simply arrest the opposition w/o first exposing the TRUTH?
FOLLOW THE LIGHT.
Q
….and on the 33rd trading day of the year (Friday), the highest free mason level to be attained. Hmmmm………
Buy the dip?
No idea. I’m not terribly good at interpreting Q’s drops. I’m just putting out the raw data as is.
It is interesting that one of Trump’s EO’s included those that would do deliberate economic harm to the USA. I think this elevates them to enemy combatant status.
I.S. do you think Trump was daring them to tank the market? He seems simple to us, but I don’t there there is anything about him that is simple.
Could be. Forensic market examiners could easily determine which trades caused the drops then seize those assets.
Well, wouldn’t that be special!
Just like they traced the shorts on 9/11. Easy Peasy.
Dip is not over yet Llpoh….. more to come. Wait for the HALT! on trading and then massive QE to calm the markets.
Fiatman60-Look at the DOW futures……..SHTF.
Not even with your 10ft money pole…
Buy the bones. Homemade au jus is best.
Catching falling daggers is dagger pitcher pitch (here from a one-eyed guy with perfect depth perception)…gangs of nyse:
I wonder how folks will feel about their former best friend Mr. Stock Broker Guy who told them it’s safe and sleep tight? And this is just the stock market! Mr. Bond Market will be the proverbial ‘oh shit’ moment – wait till the masses get red pilled.
First think I thought when I saw the drop that started when the memo came out was that it was a clear warning from the deep state pussies trying to get Trump to back off. They must be idiots, because there is one thing I know about Trump is that he doesn’t back down when he is in a fight. He keeps fighting and looks to land the knockout punch.
Agree with Admin on the silliness of taking credit for good things that are not a result of anything you did or can control. It is a setup all the way. Been saying that for months every time I see that Trump toots his own horn about the market going up. Seems like he has been playing right into their hands on that issue, but who knows how it will all play out when the market drops off a real cliff and not just a little hiccup.
S&P, Nikkei Futures Crash After Hours As VIX Volumes Hit All Time High
by Tyler Durden
Mon, 02/05/2018 – 16:20
Here is the simple summary of what happened today courtesy of Morgan Stanley’s quants: market liquidity collapsed while VIX futs volumes hit an all time high, as countless vol-sellers were forced to cover.
The details from Morgan Stanley’s quant team:
Liquidity in the top of the S&P futures book 50% worse than Friday.
Avg available size is 111 contracts since 3PM today on the top of the S&P book. Friday avg. size was 209 (for the entire day
Beginning of Jan this was 800. End of Jan it was 300.
VIX futures traded 897k total across the curve so far today. Previous FULL DAY record was 850k (aug 10 2017)
For those wondering, the market on close imbalance was a whoppoing $3.4 billion.
What does this mean in practical terms: as shown in the chart below, the crash is continuing after the close.
S&P Futures (and Dow Futures) plunged back below the key 100-day moving average after the cash-close.
Meanwhile, don’t wake up Mrs. Watanabe, she is due for a shock when she learns that Nikkei futures are now down -8% and crashing lower.
Crowing about the parabolic rise was as stupid as buying there. Remember that straw hats in the winter thingy? I can’t wait for the trumpeters to weigh in. Francis, Star you out there?
3D chess anyone?
Right here, CC. Meh. Let’s see what it looks like at the end of the month. I agree with IS. It’s a warning shot across the bow. Dude is about to 86 NAFTA. A lot of deep staters in Devin Nunes’ and Chuck Grassley’s crosshairs
You do have staying power Star. Where did you ever get the notion that a president actually runs the government? That 8th grade civic course really screwed you up. Good luck in the market-I sense you’re going to need it.
Trumpy was prolly short. Tweet-tweet-tweet.
Trumpy and all of the .001% were short, at least you can see. It’s 20(18) 6+6+6
You learn to expect things when the numbers are lined up.
An Online Debate With An Atheist As The World Turns, And The Market Crashes
Peace,
Andrea Iravani
Andrea, you ignorant slut. If you are too young or stupid to understand, fuggedaboutit
But trying to link to articles predicting the crash LAST YEAR because of the number 7 is beyond cray cray.
You don’t point out your ignorance, unless you want to be famous for ignorance.
I kinda like it when one woman calls another an “ignorant slut”. Made me smile!
“jane,you ignorant slut!”
still a classic snl skit–
Leave the kid alone, Maggoo.
How cute, EC has a crush.
Fuck you, Ratdawg. You think your going to shame me like a middle school moron? Andrea is a bot or a nut, she ain’t a slut as Maggoo claims.
That’s going too far. This is a respectable joint, not no pick-up bar. What are you doing with her eggs, you perv? They are not caviar.
You’re slipping. You misspelled moran and used a double-negative.
EC and Andrea sitting in a tree….K.I…….
She’s a ‘bot. Not my type, I like my holes with some syrup.
Maybe Dutchy is interested in her.
Hey… sorry to interrupt, but I don’t comprehend.
I like my holes with some syrup.
What does that mean?
Oh look, the Three Stooges are alive and well: nkit, rdawg & full retard
https://www.youtube.com/watch?v=6110SJ-sDvQ
It’s past your bedtime, old man.
Oh, and I got dibs on Moe.
Someone has to draw the line, Wylie.
I’m not familiar with holes and syrup, either. I have been schooled regarding cinnamon rings, though.
I’ve heard women talk far dirtier than men. I had never heard of cinn rings but they sound like I-S’ cheerio comment of years back.
Look at toady’s curve. Yikes!! Tomorrow the slide will continue. This looks like it, folks. First bitcoin, now the NYSE. What’s next?
Welcome to the machine.
Where can I look up toady’s curve?
Admin,
You don’t get it. Anything good that happens on my watch is because of me and anything bad that happens on my watch is because of the previous administration.
If you weren’t astute enough to expect an overdue correction, you don’t spend much time watching the market.
This ought to be a warning to most people that you have no business being in the stock market. I know, TINA, but what happens on days like today is you can’t sell. Fidelity, Vanguard and others websites were so flooded people couldn’t log on. Even if you managed to log on by the time your order is processed the price you thought you would get is long gone!
Since most people invest in funds or ETF there isn’t a big pile of cash held by the broker to pay redemptions. They have to sell to get you your money. Tomorrow I suspect lots of people ( retail investors) who got in last month will want to get out.
This is going to trigger more selling and since there more ETF than individual stocks everything is going to get sold.
Unit 472,
Retail investors entered this month? Poor suckers! Do you happen to have any stats on the number of new retail investors that entered in 2018 in addition to total investment in the market for new investors that entered in 2018, separating those who had previously invested at far lower prices over the years?
Just curious.
Thanks.
I don’t have the numbers but they’ve been babbling all afternoon about the record inflows from retail investors during January on CNBC. It pretty much always happens like this. Retail investors pile in at the top. Bit coin a month or two ago and now the S&P. A dozen years ago it was housing where people thought they could make free money flipping homes.
I bet the big public pension funds are crapping their collective shorts. Wonder if his will help their insovency and under-funded issues.
Hang on, the seat belt light just came on. It could get rough.
Meanie.
We must remember that the money changers who create bubbles, making windfall profits in the process, are also very good at bursting bubbles creating a lot of chaos during the destruction of fake wealth. That is what happened during the Roaring Twenties bubble which was of course was followed by the Great Depression when the markets tanked. Is Donald Trump about to become the modern version of Herbert Hoover with his own Trumpvilles sprinkled across America? There is a certain irony, perhaps even poetic justice, in having an upscale New York developer of gold-plated Trump Towers saddled with the name “Trumpville”. In Canada where we had the Bennett Buggy named after Prime Minister Bennett for cars pulled by horses during the depression because no one could afford gas, I suppose we would have the Trudeau Diversity Train pulled by all that cheap immigrant labor imported from the third-world. The Fourth Turning is starting to get interesting.
This is most likely a corrective consolidation before the final wave up from 2008, which will be HUGE, as Trump would say.
While today looked dire, it was not nearly so bad in percentage terms.
For those interested in learning more about the Wave Principle, take a look a today’s price action in the Dow (expect to find the same action in the S&P) :
A — a continuation of Friday’s selloff, for a total of about 1100 Dow points both days
B — a rebound of almost 700 Dow points
C — a plunge of about 1600 Dow points
An A-B-C wave is corrective to the main trend. C can go as far as the intensity of social mood allows. Unless it extends and morphs into a full-blown trend change, which the charts do not currently indicate, It will end soon, and the uptrend will resume. Keep in mind that the next uptrend could be expected to be the last before a BIG, EXTENDED correction…
Some uptrend resumptions are slow, halting and gradual, while some mirror some of the fury of the prior correction — let’s watch and see!
Hey Bob…agree with you….nas…already went positive!!!…
Interested in conversing waves?
Are you forgetting the under reported “Obamavilles” of the last eight years? Theatre.
We all know the markets are rigged……….
Let’s assume that Friday’s drop and today’s follow on were indeed messages or threats for Trump due to the seizure of more liquid Deep State assets. Q is known for saying “there are no coincidences”. I suppose it’s possible that Trump could have laid a trap to cause the Deep State to signal where other assets exist. Seems to me a team of forensic market auditors could quickly identify which individuals, hedge funds and other entities caused the drops and therefore enable Trump and Friends to seize even more assets.
It’s all conjecture of course.
We know the markets are all rigged to benefit the riggers…of course. The question that is asked is which rigger is now in charge? The other point is that there is a limit to how far one can go with the rigging of markets with dollars created by the trillions out of nothing but thin air. Of course, money creation reduces the purchasing power of dollars so we are all paying for this massive theft and plunder with 6-8% inflation, not <2% BLS inflation numbers which…guess what, are also rigged. What we have is one big, fat rigged country called the United States of America which is now run by an international cabal of banksters and gangsters.
Llpoh says:
February 5, 2018 at 5:51 pm
“I bet the big public pension funds are crapping their collective shorts.”
No doubt. The leap from sweating it out to sweating blood should be occurring as we speak. It comes with the territory, building a sham upon a shaky foundation.
Off topic but heartwarming:
When four conspirators were found guilty in attempt to overthrow Lincoln as President, their conviction resulted in death by hanging.
[img
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Is that person on the far left wearing a dress?
Hmmm, food for thought.
Yep, you can rt click, click view then left click to enlarge.
Yo, they will make their own facial treatments, that’s what I do. Saves a ton of money.
MC, your new here. Rdawg knows no bounds and you just left yourself ‘exposed’.
I can sometimes get him to back off but we’re fighting right now.
I considered it, but thought better of it. I do have a tiny bit of conscience.
We’re not fighting. As you once told me: “I haven’t insulted your mother…yet”.
Come at me, bro.
Nah, he will leave me alone, Full, I’m not that new.
I don’t mind having shit thrown at me, anyways. It makes me agile, ducking and all that.
Mary Christine, when we finally get the chance to “meet and greet” if this deep freeze ever leaves us (Geneva and I gave up walking until there is a real thaw), I will bring my little bag of essential oils, herbal tinctures and we will exchange natural beauty secrets of the wilderness.
I’ll bring granola too.
Back off MC, boys. She’s my friend and neighbor.
Couldn’t agree with you more on Trump and the effectiveness of his policies.
But “crash”, really? No way today’s action is a crash. Despite the deceiving headlines, today’s action doesn’t even come close to being a record. If you look only at the point drop, it was a record. But on a percentage basis, which more accurately reflects the level of the market, it isn’t even close to being in the top 20 down days (see https://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jones_Industrial_Average).
It’s all relative.
Just got to….
Jump You Fuckers by Gene Burnett (©2009)
Hey Mister Wall Street on the fiftieth floor
Can’t make the payments on your penthouse no more
Jump you fuckers—Jump you fuckers
Open up the window—Check out the view
And jump you fuckers
You can’t take much of what you—Been dishing out
It’s your turn to get downsized—What you gonna do now?
Hey Mister Banker with your make believe books
Your bottom line is closer than it looks
Jump you fuckers—Jump you fuckers
Open up the window—Check out the view
And jump you fuckers
You’re good at stealing—You’re good at lying
Now let’s see how good you—Are at flying
You could have had a real job—Not blowing bubbles
There’s one sure way for you to—Stay out of trouble
Forget your lawyers—And your net worth
There’s one sure way for you to—Come back to earth
Jump you fuckers—Jump you fuckers
Open up the window—Check out the view
And jump you fuckers
By Karl Denninger
Margin Call Gentlemen
Thee who takes credit for the “record” stock market get to own it in both directions.
You said it was a “big fat ugly bubble” right up until you got elected. Then you took credit for all the gains.
And now, a nice hunk of that is disappearing minute-by-minute.
Oh, and liquidity in the /ES futures right now? It looks like something out of a third-world country, with literal ONE AND TWO DIGIT contract counts on offer/bid up and down the stack during the trading day!
May I note that Amazon just took a $90 round trip in the space of minutes? How many people just got butt-sexed by a Margin Call and force-sold out of a levered position $90 off where it traded five minutes later? Now your broker is going to come take your house and there was literally no way for you to get in and buy there as it was too fast, execution was too slow and the only trades that went off there were the ones that screwed you blind and dead.
Good luck folks.
Back in the day of The Market Ticker I was a gold subscriber during the 2008-09 debacle. I was not invested. I did it just so I could see the comments during trading hours. Epic.
We were both working and had an investment account through our lucrative investment plan provided by your tax dollars at work on defense. We did the same thing… Nick and I got burned in the dotcom bidness (more like singed because Nick’s risk tolerance is very low. He would put in stoplosses that were freaking ridiculous. I finally had to put some of the stock in my name only to stop him from selling it for no damn reason and he STILL sold it way too early, but he is one of those “better to make a dollar early than lose two by sleeping in.” Whatever the hell that means.
So, yeah. Having an insider look at the trader comments is interesting.
My friend in Maryland? Well, her parents live out on the Eastern Shore, is it called? Next door to them is a freaking mansion will full tennis courts, huge pool and gardens. Not that her parents live in a dive, but wow. The guy is a bond trader. One weekend, he came by to chat and told them he’d made 800,000 dollars that day trading bonds and he felt kind of bad about it. Think about it… guy owns a multi-million dollar home on an exclusive waterfront estate in Maryland but lives in New York, so he lets his neighbor, my friend’s parents, use his grounds and pool whenever.
I do end up with interesting friends. Mary? You got any bond traders near you?
Two months of buying taken out in 6 days
[img
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Got Gold?
[img
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Hmm, nice name. Binyamin Appelbaum.
Think Trump has figured out yet that the (((Federal Reserve))) aren’t his friends?
The Federal Reserve is friend to no one, except other big banks.
They sure treated Ol’ Barky pretty well for 8 years with the loosest monetary policies the world had ever seen. They pulled liquidity to crash the market ahead of the 2008 election, so why not do it again ahead of the mid-terms? I think it’s great they are playing their hand because it exposes them as the partisan hacks they are.
YEP…
Correct me if I’m wrong, but the Federal Reserve is owned by the same sort of people whom we tend to refer to as Deep State Actors.
So, if we correctly identify who it is that controls a country’s money, as that Rothschild guy said one time, then we ought to be able to follow the trail of crumbs.
How could you not expect this? Trump should have known better. This may not be over yet.
My kids talked me into watching a horrific movie recently called Geo-Storm. The premise is that the world, beset by Man-Made Global Climate Change builds a gigantic orbiting “net” above the Earth that has the ability to calm storms and make rain at the push of a button. This scientific savior of mankind also features (inexplicably) these giant laser beams that can fry entire cities or plunge the planet into a catastrophic “Geo-Storm” that wipes out all life.
Sounds like a great idea, doesn’t it? I mean what could go wrong?
But wait, you’ll never guess what happens next.
A bad hombre is trying to wipe out his enemies by using a technological advantage over them, thereby gaining control of the whole world, even if it means wiping it out.
Then on Sunday NPR did a replay of a piece I heard a few months back talking about HFT’s and the guy who was a broker in Chicago noticing the advantage HFT’s in NY had over them and how these computers could literally “see” into the future of each trade and make money off of them- he claimed it was just pennies per trade, but I thought if it can see in the future and know which way the trade is going, why limit it to a few pennies per trade? In for a penny, in for a pound.
Then I made a comment here when people were complaining about how bad the economy really was and how the wealthy all got wealthier and I asked why they hadn’t ridden the same markets up as the wealthy investors had. I don’t think I got any good answers, but I was told by more than a few people that only the wealthy were able to make money in the markets. Of course that’s bullshit but as Aesop once wrote, they didn’t really want those grapes anyway, too sour.
So lets see if we can get our collective heads around this.
A lot of what is taking place isn’t even being done by human beings, it’s HFT. Human beings suffer from something called the Peter Principle and they now apply it to technology- we employ things that are always one step above our level to control them and some asshole always thinks that he’s smarter than the technology right up until the moment that the technology gets out of control.
Clearly this was/is a counter to The Memo and the threat it represents to the Deep State and it’s players. If you think that they can’t set off something like this then you either haven’t been paying attention or you don’t believe in human beings. 666 was a warning shot as clear as day and Monday was the back-up. The problem is that it may spin out of their control and trigger a financial “Geo-Storm” whereby all the cues and intuitions and clues and scraps of memory of what a completely corrupt and criminal world we actually live in is triggered subliminally in the mass of sentient beings with a stake in the game. What they do and how they react to this suppressed knowledge is impossible to gauge until it happens. If it does, if this can’t be pulled back from the brink, if the HFT’s ever go into their disaster protocols whereby no human interaction can pull them back, if enough people who have been contained by their wealth or security lose it all and find themselves without any recourse they may lash out and if there is enough of it, then others may join in and if it starts to look like a red team/blue team event then all stops are removed and we go full blown meltdown and the 4th Turning goes live.
You all know that a storm has been brewing. You all know that the system has been rigged for a long time and that the people who pull the strings are the most pathological and criminally minded among us because they are the ones who faced no internal limits to their desire for power, their lust for wealth and the system itself was far too corrupt to keep them in check as long as they kept the skids greased.
You should have prepared. You should have insulated your houses against the cold, made arrangement with your family and your friends to look out for one another rather than to live cheek to jowl with strangers and even enemies because it was convenient and in the short term profitable. If you haven’t than this better serve as a wake-up call for you to quit dicking around and get ready.
Enjoy the show.
It’s not that ‘the system has been rigged for a long time.’ It’s that rigged is what these political systems *are*; rigging is raison detre of these “systems.” Frauds. Swindles. System, & rigged, are synonyms – despite surgically implanted civics books. Systems & skids & grease – oh, my! That’s the yellowbrick road, rain(bow)man.
In morality wordplay, the rigging is referred to as criminal. In reality wordplay, it’s the jungle. Jungle’s an amoral place, a real place…but trompe-l’œil veneer is daubed all over it, & ‘deceive the eye’ gets most of the ayes, every time. Doctor my eyes…♪♫♪
People are animals. Not all animals are equal. Not a few are way less than equal. And the least equal of all float their mirrored selves ‘to the top.’ or most of the top.
People are, in the main, perverse animals. Pogo possums, sticking paws in each other’s pouches, sticking it to each other, for all they are worth & all they can get. & the more of them combined, the less worth to find. Contra Lincoln the liar, & whoever he plagiarized, animal house combined, cannot stand. & so cannot do other than keep falling down; drunk frat boys & sorority girls, ya’ know. Bluto is a way less than equal pig that may well end up a Pluto, with a lot of little donations from the hordes of wo\men in the mirrors. There were lines on the mirror, lines on her face, she pretended not to notice, she was caught up in the race…♪♫♪ Dope•amine, mon’ami. Rope-a-dope me, Amadeus. Snorting hopium winds busted clock springs eternally…spring forward, fall back, in place, be right two minutes per day.
Safety in scary solitude, like skiing (alone) the scary fall line, is counterintuitive. Gangsters, unionists, nationalists – whatever the clotted mass is called — most salient aspect: denial. If it feels good, moo it. Just moo it. Nikes on throats forever.
‘Pennies per’ cuz HFT can “see” only fractions of seconds into future. Momentum…is a function of your slot in line. Position occupied in the receiving queue, the hot money line, as determined by political\gov\color of law connections, determines size of the front-run take. Not earn. Take.
“The fix.” Political entrepreneurship is not entrepreneurship, is not investing, is not even speculation. It is fraud & theft that is socially – moo — sanctioned by “the system” that gangsters, unionists, nationalists gotta’ have, & which is represented by the rags that allegiance is pledged to. He was a hard-headed man, he was brutally handsome, and she was terminally pretty, she held him up, & he held her for ransom, in the heart of the cold, cold city…♪♫♪ Stockholm’s a cold city. The Stockholm market’s a cold game of hold up & ransom – if you got the syndrome.
Riding markets up, down, is possible. But not via trying to emulate HFT, or insiders (that’s impossible) – neither of which “invests” (nor speculates)…if TBTF, bailouts – just the latest right in your face — didn’t clue this, nothing will. If you play the game you’ve been given to play, you’re the sucker at the table, the designated loser, whether in vegas, or wall street, or state\fed capital, or anywhere else: those moves were choreographed to you for the choreographers – not for you. (Like the bad seed son in Gladiator. Wow, look at those moves. Only in the movies will you see something like that. Pretty funny the very good, very stuck in method, non-Hollywood actors – Pavlov pooches – who like to bash Hollywood.)
Either you look, & see what’s always right there, or you continue being shown…& shorn…& forlorn. Doctor, my eyes, tell me what is wrong, was I unwise to leave them open for so long…♪♫♪ Nope: just the opposite :: eyes are closed, or might as well be, because mistrusted, therefore sightless, blind. It’s your vision, or the seeing-eye wolf’s. Most defer to the wolf.
Your earlier comment re the wealth-extracting 1% (or whatever fraction) that engendered no good responses :
So the portly 1% just have portlier portfolios of common stocks, eh? What’s ya’ll complainers’ excuse for not going forth & doing likewise?
To whatever fraction extent – sliver of sliver – that’s true, ok & neutral-to-good to&for me, good for them, good for everybody.
But the portly 1%’s portfolio engine – except for that theoretical sliver – is, has always been, gov & the magical, alchemical, radioactive & defective mutation inducing color of law pollution that pours from it. It’s fuk-u-shima\n, 24\7, forever. 1st dibs\access to glowing hot “money” is part of that chimerical union between the statist stasis-fiers & their alter ego states of the unions bent on dismemberment, being dismembered. The teem takes one, continuously, for the team. That’s what pawns are for. Proud pawn identity just keeps rollin’, Mary. Those may or may not be light in their brigade loafers, but they are definitely helium heads, following orders to breach load & charge.
Dr. Jekyll’s Island Hyde-binding remains the crowning anti-achievement that metastasizes rent extraction from the serfs…BUT the serfs would have things no other way, either…they are in for their pennies, in exchange for having pounds extracted (the old picking up pennies in front of a steamroller routine). Leaders, hero worship, saviors: please, oh please, trumpy – yet another in a long line of Pluto parasites – save us, maga-blah-yadda-blah. The inability to learn, to see what’s right in your face, to synthesize is…snafu.
Most of the portly’s cash flow is diverted, stolen. Not honest gain. The fix is in. Made men. Shaved points. Skinless games (well, their skin, not yours – your skin is the game). Recall the scene from The Godfather in which Michael schools naïve Kay on “powerful” (corrupt, criminal) men like his founding father, senators, presidents…people the skinned “vote” for, look up to from prostration.
The difference between most of the plutopercent & the hypothetical honest sliver is the difference between the criminals that ripped out & off the transcontinental rr con•tracts & the guy who built the great northern rr (at least as characterized here):
https://mises.org/library/crony-capitalism-and-transcontinental-railroads
https://mises.org/library/myth-great-railroad-meetup
https://mises.org/library/truth-about-robber-barons
‘Political entrepreneurs’ – rent extractors — are parasites, often clad in tailored, or at least expensive, pinstripes. Cannibals. Criminals. Contemptible fake competitors. Anti-competitors. Criminal incentive is plunder – destruction, not construction. The rob Peter to pay Paul principle. And\but the minions keep going to that same almond joy mound – hoping – so they keep saying – for different results. Obsessive-compulsive self\other abuse. Sado-masochism identity. Sugar blues addiction. Thank you sir, may I please have another?
Interesting. I can almost follow.
It seems I love riding in the caboose of posts.
Does Trump own this? I wrote last year that upon the first day of his administration, he should change the unemployment numbers to something more realistic to, expose the Obama numbers and not have to play the same fudge game as the previous admin. My guess is that with his army of detractors, he probably stayed with the powder puff numbers to limit the ammo he would give to his detractors, to use against him. Still, things would be better now if he would have come clean at the start.
The crash? Well, I’ve been reading that for at least the last 3-4 years, the market was poised to crash with each Fed announcement threatening a interest rate increase, but was held back with each QE, as the he economy was anemic.
So, if I understand this right, because there is some confidence in the economy, the Fed, with no more QE to play with, now will have to increase the interest rate, causing the market to react with turbulence as it was supposed to for many years now.
So, if the economy is strengthening with the loss of regulations encouraging businesses to invest again and the tax cut, the “crash” is a result of the good things Trump has put in place to MAGA, has Trump done something wrong?
I guess if the crash goes worldwide with no signs of stopping, it will all be a moot point anyway and the doomsday reporting of the last 10 years will finally have their day in the sun.
Anyway, I’m no Krugman ? and have no credentials to boast in, but just trying to understand things as they are and appreciate any thoughts you may have on the matter.
Great post. Remember to be first you must be last. The caboose is always the safest place on the train anyway.
There are two worlds that human beings inhabit- there is the real world where you must eat, sleep, piss and shit and if you get lucky get some. Then there is the conceptual world where we come up with ideas that cannot be proven in the real world, but which we slavishly obey because of the collective weight of social approval and the cost of being expelled from the society of man. Diversity is our greatest strength, race is a social construct, men and women are equal, etc. etc.
Now don’t get me wrong, some of these conceptual frame are very powerful indeed- like the yellow line painted down the middle of the road. We all agree collectively that drivers should always remain on their side of this imaginary line because the cost of ignoring it could be death or disfigurement. Now there are those who don’t care about that, but the underlying power of the conceptual reality (the yellow line) is the physical reality (you could die). The further we drift from the physical reality in the creation of a conceptual one the more fragile the conceptual reality and the more prone it is to complete breakdown once it is discovered to be fraudulent (tulip bulb mania, faith based religion, Bitcoin).
We have a ringside seat to one of human histories greatest orgies of conceptual reality implosion. All of the fake dogmas and doctrines of the last century are about to be pulled apart like the corpse of Guy Fawkes. It is going to cause a HUGE amount of discord, damage and discomfort for everyone and for some there will be no exit row when the ship goes down. Thus it has always been.
The good news is that in all of these cases once the conceptual realities are shown for what they are there is always a retreat to fundamental truth, people re-examine the importance of adhering to a system predicated upon reality. If they survive.
Collective weight of social approval is a kettlebell. Start with less weight, learn good form, to minimize potential for injury, swing it. Get stronger, add weight. Exercise is good for a body. If social disapproval is weighing you down, matters, you got a problem that feels good (or feels better than the alternative): you are a conformist. & your swings are into, out of, the couch. Or the bench seat. On the train.
Lasts are what shoes – nikes, jackboots – are built around. The murican shoe’s got 325+ million decks in it. But a lot of those cards are jokers, & jungle jokers are wild – which makes for a lot of maneuvering possibilities…just not many for the jokers themselves.
Conductors “drive” trains of abuses, locomotive breath passengers are at mercy, & Jethro Tull calls those ‘all time losers.’
Mass anything, including transit, ain’t all that. The saaaaaaafety (Eric Peters) is an illusion, a gull, a con, that lives inside each mark, just waiting for the conman to let it out, to help himself too…no matter what yellow line intuition whispers, or yells, to contrary.
Me too — bulbs, ‘baseds, bitcoins — is what’s fraudulent. Self-deception into masses of fraudulence is comfortingly kinetic, warming, cozy. It’s general human nature, which is mostly on autopilot, a self-driving caboose. What it is not is skiing the fall line. So, crashes are hardwired, hardrailed. Which leaves what, exactly, to rail against?
Applicable Ian Anderson anecdote:
“When Ian Anderson, then an itinerant guitar player, decided to focus on the flute, he did it in a largely self-taught way. As a result some unorthodox elements found their way into his style — not that you could initially convince the Jethro Tull frontman of that.
“I was a huge success as a flute player, playing it entirely wrongly,” Anderson tells Ken Bruce, in the video below, laughing heartily. “I discovered, when my daughter was learning to play flute at school, that she was using different fingering for some of the notes. I told her: ‘This is wrong; it should be like this.’ She said: ‘No, it’s not; look, it says so in the book!’ I had to come to the unnerving conclusion that she was right, the books were right, and I was most embarrassingly wrong.”
So, Anderson ended up settling into a scholarly pursuit of his signature instrument in the early 1990s — well after Jethro Tull’s initial heyday of Aqualung and Thick as a Brick from some two decades before.
“Being self taught, and never having had a lesson, I was playing a lot of the notes using incorrect fingering,” Anderson says. “I had to relearn it again, in about ’91, I think. … It taught me to take a little more seriously. In relearning my own repertoire, it was a good lesson in mid life — not quite a crisis, but damned close to it.”
The man blew a mean, self-taught, flute. Then blew a rare opportunity to teach his daughter – possibly, if she was wired for it, like her father obviously is – something truly valuable. Instead he deferred to the book of rules.
Laws are few & rules, like for flute, are none. Training wheels – conceptual frames – are just something to get you started, possibly – tho not necessarily – & should ideally come off at some point. Crutches should be dispensed with asap. Atrophy ain’t a trophy, no matter who, or how many, stake claims (& themselves) otherwise.
Worse, “rules” are “taught” (inculcated, propagandized), & colored into law, to set up the ruled. They are crayola box canyons. They are spiral chutes into the CAFO packing plants. They are the opposite of creative destruction, of exercise-breaking the muscle fibers that results in new, bigger, stronger muscles.
https://en.wikipedia.org/wiki/The_Tunnel_(short_story)
If ya’ meet Buddha daddy on a train, kill him. But whatever ya’ do, try & get off that train. Unless that’s the show you enjoy.
I would say then a key component to survival is how quickly we can re examine a changing circumstance and adjust accordingly. For those of us to rigid in our ways, the end comes quicker than we think.
PS thanks for your comment!
Where is Trumps tweet I will tell you. First let me ask where is Napoleans wail? Napoleon never curled up in a fetal position And wept for one dead soldier on a battlefield. He never cried over one lost battle. He focused on winning the war. Like a real man with real focus. Trump owns the market he grew it over 34.9%, more than obummer did in 8 years and you bitch about him wanting to apologize for the normal cyclical nature of ups and down in a market you little sniveling libtard drivel. Go curl up in your safe space and suck your thumb and wait forever on Trump to tweet, bitch.
You dumbfuk. The market went up over 300% during Obama’s reign you lying sack of shit. You pea brain fucktards have an IQ of 60 and the reasoning ability of a retrded shit eating monkey. Go blow another Trumpeteer and get the fuck off this blog. Bye Bye shithead.