Originally Posted by
FromMyColdDeadHand
That's funny Patriot, I've been watching clips of The Big Short and Margin Call on Youtube. Almost wonder if the google brain is signalling something....
The modern economy is a moving, breathing entity based on assumptions and continued growth. That doesn't make it flawed, but the level of stupid that goes into that needs to have repercussions when people guess wrong. And we need to make sure that the most pain is on the people making the stupidest decisions. But there is the old updated joke that if you owe the bank a billiom, they have you by the shorts. Owe them a trillion, and you have them by the shorts.
Add in people more than willing to go full socialist, even when things are going well- and when things get dark next time, say goodbye to your 'excess capital'.
I'm really just trying to figure out what exactly the issue is with the overnight market.
http://www.shadowstats.com
A good place to view now and then regarding the economy and stats.
I'd say that we are in our "Weekend at Bernies" phase. Bernie's dead. But no one wants him to be dead. I mean he throws such great parties with cocaine and margaritas flowing like water, who'd want to stop the party, right?
Dress him up, traps him around and ensure everyone he is just fine.
He's rotting from he inside out.
Keep the charade going for as long as possible.
The Fed is like the witch/voodoo doctor in "Weekend at Bernies 2". Use some magic to get things dancing around for a bit, push off the inevitable.
We interrupt this programme to bring you an important news bulletin: the suspect in the Happy Times All-Girl Glee Club slaying has fled the scene and has managed to elude the police. He is armed and dangerous, and has been spotted in the West Side area, armed with a meat cleaver in one hand and his genitals in the other...
Bookmarks