The Best Bears Can Do

[Ags Nightmare]

Jimi, That was me. And thats Mark. He didn't respond to me but no one writes like he does.

 

I was restricted from posting by my BD which I just cut ties with two weeks ago. That's why I left Stool. I'm done after 17 years of following bubbles. When Doc started up the Wall Street Examiner, my BD wanted me to give them everything I wrote for approval before I posted something so I said F it. That's when I stopped posting everywhere. Prior to that it wasn't such a big deal. Now if you fart in your car, you have to report it to them if it was 10 second three note fart or a 3 second squeaker. It got ridiculous. If you volunteered to coach little league it had to be on your outside business activity report.

 

As for that farking money market...there are still millions of people with frozen funds in The Reserve at numerous firms...( the fund that broke the buck when Lehman was sacrificed at the alter of Goldman Sucks). The Reserve were dick heads because they let people out for two days at a buck before they told the rest of the world they were holding LEH confetti. From September to January it was the worst period of my life. Government funds were frozen, Tax Exempts...no access to any cash.

 

Now they BD is dealing with two ponzi's in addition to 11 % of frozen money market funds from last September. I got pretty vocal about the way everything went down and was told to take a hike so I decided to leave the business after 17 years. Fortunately my exposure was minimal to the Reserve and people were in good shape when I left. Some of the stories I've heard about what brokers did and are facing are mind boggling. This ain't over by a long shot.

 

I just found my password and was surprised it still worked but have been reading the site for ever since I left. Sorry about Lee Wee also....that really sucked.

 

This being the third bubble in 10 years( it's a pattern now).....I've concluded this is so wrecked it can't exist unless it's a mania and when it's not in one...it crashes. I don't even call them bull or bears...just bubbles and crashes and I imagine this one gets into loony mode before it ends again. The ass hats running this zero percent forever clown fest are using gimmicks and rising stock prices to 'create" or 'force" economic activity. The "i want it back now' society would never wait for a U bottom.....so they are attacking psychology via the devil channel to draw the herd back in. We are going into the greater fool phase of the 'Gimmick Bubble".......We haven't gotten to the point where Jimmy Jones waves a bag of dog sheet over his head and auctions it off on Ebay for a million dollars but he can bark out a few letters again and set off the squirrels in a pile of nuts action. It's like when Austin Powers got his mojo back from Dr. Evil.

 

But.... he'll end up like this again....

 

 

 

[Jetlag]

From what I've been seeing Mark's credit on clearstation has been depleted for a while now.

 

No more Weimar run talk - this has been replaced with the constant unwarranted bashing of gold bugs and Jimbo Sinclair.

No more dong or wrong talk- this has been replaced with the regular bashing of he's previously long hailed hero Bob Sphincter.

 

From some of his posts I'm 85% sure he still comes to drink from the Stool pond.

 

 

He's almost unrecognizable to who saw him then...he was Sphincter's brightest student!

 

[swordfish]

IMF provides $250 bln cushion against global crisis

WASHINGTON (AFP) - - The International Monetary Fund said Thursday it would soon inject 250 billion dollars into member nations' coffers to cushion the blows of the global economic crisis

Employing a rarely used tool, the IMF said its board of governors approved the allocation to its 186 members "to provide liquidity to the global economic system by supplementing fund's member countries' foreign exchange reserves."

 

The action is part of a 1.1 trillion dollar plan agreed by Group of 20 leaders in early April to tackle the global financial and economic crisis. The G20 also planned to triple IMF resources to 750 billion dollars.

 

"The general SDR allocation is a key example of a cooperative multilateral response to the global crisis, offering significant support to the fund's members in this challenging period," the IMF said.

 

The board of governors, representing all members, approved the plan to allocate Special Drawing Rights (SDRs) equivalent to 250 billion dollars, by far the largest general SDR allocation in the institution's six-decade history.

 

The disbursement takes effect on August 28.

An SDR is an interest-bearing IMF asset based on a basket of international currencies -- the dollar, yen, euro and pound -- that is calculated daily and which members can convert into other currencies.

 

The IMF has explained that some members may choose to sell part or all of their allocations to other members in exchange for hard currency -- for example, to meet balance of payments needs -- while other members may choose to buy more SDRs as a means of reallocating their forex reserves.

 

The global economy is beginning to pull out of the worst recession since World War II, the IMF says, but it expects recovery will be sluggish and financial systems remain fragile.

 

The board of governors approved the special SDR allocation on August 7, following its July 17 endorsement by the executive board.

 

The operation will increase each member country's allocation of SDRs by roughly 74 percent of its quota in the fund, which is broadly based on the member's relative size in the global economy.

 

The distribution dwarfs the total 21.4 billion SDRs (33 billion dollars) allocated in yearly installments through two previous general allocations: 9.3 billion SDRs in 1970-1972 and 12.1 billion in 1979-1981.

 

The IMF also announced a special SDR allocation of 33 billion dollars would be made on September 9.

 

The special allocation was authorized by an amendment to the IMF Articles of Agreement proposed in September 2007. On August 5 the United States joined 133 other members in supporting the amendment, meeting the majority threshold.

 

"The special allocation will make the allocation of SDRs more equitable and correct for the fact that countries that joined the fund after 1981 -- more than one fifth of the current IMF membership -- had never received an SDR allocation," it said.

 

Thirty-nine countries have joined the IMF after 1981, including Russia, the former Soviet bloc countries and Switzerland.

 

The largest of the new SDR allocations will go to the most advanced economies because of their relatively heavier quotas. The United States, the biggest stakeholder, will get a combined SDR allocation of 30.4 million SDRs, or roughly 47.3 billion dollars.

 

The IMF underscored that "nearly 100 billion dollars of the general allocation will go to emerging markets and developing countries, of which low-income countries will receive over 18 billion dollars."

 

The general and special allocations will bring the members' total to 204 billion SDRs, about 316 billion dollars.

http://malaysia.news.yahoo.com/afp/2009081...ex-c1b2fc3.html

 

How will this affect stocks market (SM), and bonds auction?

[swordfish]

The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. Its value is based on a basket of four key international currencies, and SDRs can be exchanged for freely usable currencies. With a general SDR allocation taking effect on August 28 and a special allocation on September 9, 2009, the amount of SDRs will increase from SDR 21.4 billion to SDR 204.1 billion (currently equivalent to about $317 billion).

http://www.imf.org/external/np/exr/facts/sdr.htm

[swordfish]

pretty good pdf about SDR

http://www.imf.org/external/np/pp/eng/2005/102805.pdf

[swordfish]

China to Boost Cooperation With Asean on Investments

Aug. 15 (Bloomberg) -- China wants to boost cooperation with members of the Association of Southeast Asian Nations to develop trade and increase investment, said Chinese Commerce Minister Chen Deming.

 

China and the regional grouping are deepening ties as the global economic recession weighs on trade, Chen said at an Asean economic ministers meeting in Bangkok.

[...]

 

Asean has said it wants the region to become a European Union-style economic community, without a common currency, by 2015

Asean has said it wants the region to become a European Union-style economic community, without a common currency, by 2015. Indonesia, Thailand, Malaysia, Singapore, Brunei, the Philippines, Cambodia, Laos, Myanmar and Vietnam make up the regional organization.

 

Asean yesterday signed a free trade agreement with India, pledging to reduce tariffs for about 80 percent of goods between 2013 and 2016. A similar agreement with China is scheduled to take effect next year.

 

http://www.bloomberg.com/apps/news?pid=206...id=adFKHHNYcOro

[swordfish]

did they say above about free treda?? buhahhah

 

 

Five Asean Nations May Form Rice-Trade Body, Thai Official Says

http://www.bloomberg.com/apps/news?pid=206...id=a6psRN0L88_w

[Rationalize]

Random thought:

 

Just because consumers are confident, doesn't mean they're not all morans.

[Jorma]

Mark revealed some things about his history so I built a story around it. He grew up modestly middle class but somehow ended up in a prep school filled with the children of the very rich. This according to my story. explains his love/hate obsession with the Pigmen and the players. He's obsessed with the huge houses and the Ferrari's and the starlets. He loves them and is envious of high status yet knows how corruption and gaming often lay behind it all. This conflict between envy and contempt fuels all his writing.

======================================================================

 

 

This time it was the Michigan confidence number which is not substantiating the stock market rally. Something is broken.

 

Part of what is broken is right there to see above as the lizard brains take over. There will be blood and it won't be Pigman blood.

[swordfish]

YES WE CAN (lie)

[Jetlag]

This time it was the Michigan confidence number which is not substantiating the stock market rally. Something is broken.

 

Part of what is broken is right there to see above as the lizard brains take over. There will be blood and it won't be Pigman blood.

 

You got it all wrong. They'll have to pump the market even further to revive the ConCon

[Jetlag]

Missing ship sends signal

 

http://www.marinetraffic.com/AIS/shipdetai...?mmsi=215860000

 

http://hosted.ap.org/dynamic/stories/E/EU_...EMPLATE=DEFAULT

 

"A Russian maritime Web site said the tracking system for a freighter missing since last month was broadcasting signals on Saturday from the Bay of Biscay, but French Marines said the signals were coming from Russian warships."

 

That sounds odd.

[capitall]

YES WE CAN (lie)

 

No lie there.

We can do lots of things-- health care reform being one of them, & I hope we get it, in a good way that works well.

 

The problem is not whether we can or not. It's what our priorities and goals are. Using public money to bail out

incompetent failed banks seems stupid to me. Having health care for everyone who needs it, at a reasonable cost,

seems like a good high priority and an excellent goal to me.

[capitall]

Jimi, That was me. And thats Mark. He didn't respond to me but no one writes like he does.

 

I was restricted from posting by my BD which I just cut ties with two weeks ago. That's why I left Stool. I'm done after 17 years of following bubbles. When Doc started up the Wall Street Examiner, my BD wanted me to give them everything I wrote for approval before I posted something so I said F it. That's when I stopped posting everywhere. Prior to that it wasn't such a big deal. Now if you fart in your car, you have to report it to them if it was 10 second three note fart or a 3 second squeaker. It got ridiculous. If you volunteered to coach little league it had to be on your outside business activity report.

 

As for that farking money market...there are still millions of people with frozen funds in The Reserve at numerous firms...( the fund that broke the buck when Lehman was sacrificed at the alter of Goldman Sucks). The Reserve were dick heads because they let people out for two days at a buck before they told the rest of the world they were holding LEH confetti. From September to January it was the worst period of my life. Government funds were frozen, Tax Exempts...no access to any cash.

 

Now they BD is dealing with two ponzi's in addition to 11 % of frozen money market funds from last September. I got pretty vocal about the way everything went down and was told to take a hike so I decided to leave the business after 17 years. Fortunately my exposure was minimal to the Reserve and people were in good shape when I left. Some of the stories I've heard about what brokers did and are facing are mind boggling. This ain't over by a long shot.

 

I just found my password and was surprised it still worked but have been reading the site for ever since I left. Sorry about Lee Wee also....that really sucked.

 

This being the third bubble in 10 years( it's a pattern now).....I've concluded this is so wrecked it can't exist unless it's a mania and when it's not in one...it crashes. I don't even call them bull or bears...just bubbles and crashes and I imagine this one gets into loony mode before it ends again. The ass hats running this zero percent forever clown fest are using gimmicks and rising stock prices to 'create" or 'force" economic activity. The "i want it back now' society would never wait for a U bottom.....so they are attacking psychology via the devil channel to draw the herd back in. We are going into the greater fool phase of the 'Gimmick Bubble".......We haven't gotten to the point where Jimmy Jones waves a bag of dog sheet over his head and auctions it off on Ebay for a million dollars but he can bark out a few letters again and set off the squirrels in a pile of nuts action. It's like when Austin Powers got his mojo back from Dr. Evil.

 

But.... he'll end up like this again....

 

 

 

Welcome back, Ags! And thanks for your sharp insights into the business of the markets. Feel free to post your insights here any time.

 

And congratulations on taking your life back by letting go of the job with the BD who expected to control your life.

 

Cap

[Sea urchin]

Jimi, That was me. And thats Mark. He didn't respond to me but no one writes like he does.

 

I was restricted from posting by my BD which I just cut ties with two weeks ago. That's why I left Stool. I'm done after 17 years of following bubbles. When Doc started up the Wall Street Examiner, my BD wanted me to give them everything I wrote for approval before I posted something so I said F it. That's when I stopped posting everywhere. Prior to that it wasn't such a big deal. Now if you fart in your car, you have to report it to them if it was 10 second three note fart or a 3 second squeaker. It got ridiculous. If you volunteered to coach little league it had to be on your outside business activity report.

 

 

Now they BD is dealing with two ponzi's in addition to 11 % of frozen money market funds from last September. I got pretty vocal about the way everything went down and was told to take a hike so I decided to leave the business after 17 years. Fortunately my exposure was minimal to the Reserve and people were in good shape when I left. Some of the stories I've heard about what brokers did and are facing are mind boggling. This ain't over by a long shot.

 

....

 

 

 

What's "BD"? Thank you.