FB5000

Sound Lending Practices in One Simple Sentence

Truly. You are an idiot.

Why don't we burn all the paper money and repalce it with gold coins while we are at it.

You would radically reduce the amount of credit, gut the economy, drive up interest rates. Small and mid market borrowoers would die on the vine. Unemployment would rise, recovery snuffed out. The banking sector would be crushed too.

I have said it before and you only just underline it every time. Explaining anything to you is like trying to teach my dog to play chess.

Go back to your cave.

Consumer Confidence in the Tank, But the Fed Doesn't Care

So sorry your Majesty. That's funny when you stack it up against the "conspiracy theories", "market manipulation", "ruling class" claptrap that passes for analysis. .

The truth hurts. I guess.


On Nov 14 10:12 AM User 494952 wrote:

> Same empty bull shit comments. Come back when you have a original
> idea and can explain your opposing viewpoint. Otherwise just another
> waste of bandwidth. Tired of the bullshit

Friday Roundup: Chucky the Consumer Has Yet Another Sequel?

Not enough charts. You really need about 20 or 30 maybe 100 more charts to really make your point effectively.

What was that again? Oh it doesn't matter. Not really relevant anyway.

Very informative. I really mean it.

Consumer Confidence in the Tank, But the Fed Doesn't Care

Truly ridiculous. But wonderful in it's own way "Glen Beck" way. And very amusing.

I am sorry that you lost your job/lost allyour assets/sold everything in March/had your house foreclosed. That has to hurt.

It must be gut wrenching to see the stocks you sold in February - when you were convinced Armageddon was here - move up over 60 to 70%. That also must hurt.

At least you've still got youur gun. Until we take that away rom you....<diabolical laughter>

This is what I love about the Klown show that is SA. Certain garbage spewers like Klown and their followers are a great indicators - of what not to do.

Carry on


On Nov 14 01:46 AM Dialectical Materialist wrote:

> I'll give you that is it sad, but it is not even close to true.<br/>
>
> <begin rant> This is not an Obama conspiracy or even a liberal conspiracy.
> This is concentrated capital (mostly bankers and their ilk) protecting
> their own no matter what it does to the system. They are feeding
> their families with our seed corn. Worse, they are stringing our
> seed corn into ornamental jewelry for their own amusement.
>
> This is not "in order to bring about large government"... It is the
> manipulation of large government mechanisms to protect the interests
> of a small powerful ruling class. This class is not liberal nor conservative.
> It transcends ideology. It is the dark side of capitalism brought
> to its hellish extreme. It is unbridled greed without conscience
> and unbridled power without oversight. The fox is not only guarding
> the hen house, he's eating the chickens, selling the eggs, and buying
> up all the rights to the farmers' land. Oversimplified concepts like
> how this is "Obama's Plan" miss the mark. This would be happening
> if Bush were still President. We could fight a political conspiracy
> (by voting the offending party out of office). What is taking place
> now is more insidious and much harder to stop. Thinking that "voting
> for the other guy" will save us does nothing to change things (as
> was made clear by how little Obama - "Mr. Change" did to make any
> revisions to the Paulson/Bush plan of massive liquidity injections
> and backstops). The men behind the curtain want us to think this
> is a battle between Glenda the Good and the Wicked Witch of the West,
> because the longer we allow ourselves to be distracted with this
> nonsense, the more levers they get to pull without anyone stopping
> them or even noticing what they're doing. <end of rant>
>
> On Nov 13 04:10 PM [e-mail] wrote:

Consumer Confidence in the Tank, But the Fed Doesn't Care

Klown. You just don't stop. You really need a better hobby.

Here's something that will blow your mind.

The time to sell the market is when confidence is at the high.

Think about it.

That's all.

Unemployment Claims: Watch the Distortions

Take a look at my posted comments champ. You will see that 80% of what I say has unfolded as I said it would.

As a public servicce I also have posted nuggets of data and analysis from time to time.

Unlike the Klown I have a real job, real hobbies and a life. and I am not in th ehabit of giving up stuff for free.

Klow's writings are free and as I have said elsewhere highly valuable to me as an indicator. You see data is all around you - you just need to know how to find it and use your brain. I read and follow Klown because I am using him as a leading indicator. The minute he turns positive that will signal the top is close.

I am calling it the Klown indicator. I also regularly scan the comments. The tone is turning slightly more positive. I will keep monitoring. you can do the same. I bet that once comments are >60% positive we will be at or near top

Employment payrolls are also good for that as are some others.

That's all.


On Nov 06 10:16 AM User 494952 wrote:

> I guess you just cannot help yourself. Your attempts at being a superior
> brain and wit fail. If you disagree just say so and explain why.
> The rude attempts just turn people off to your point of view. I do
> not always agree with KD and he can sometimes also be a rude jerk,
> but he ALWAYS explains his thesis. If you are so smart compete with
> him, don't be an ass. Tired of the BS

Unemployment Claims: Watch the Distortions

Ofcourse I'm right. Do you really believe that we haven't been here before. This nonsense politically motivated analysis is off base. Klowns with agendas have been predicitng the end of this or that for a long time. Don't fall for it. Use your brain and your eyes. Not every piece of data will point in the same direction all the time - recovery does not work that way - but on balance things are improving and will continue to do so.


On Nov 05 09:33 PM ebworthen wrote:

> FB5000 - Part of me hopes you are right and part of me doesn't.<br/>
>
> I don't want to see another collapse and people on the streets and
> riots and civil unrest.
>
> On the other hand, I don't want a "recovery" on the backs of the
> average American. I don't want a booming market now that will cost
> future generations. Where does unethical and immoral behavior end?
> It ends in very bad places like depressions and wars.
>
> Leveraging the banks and markets with future obligations and printed
> money at 0% works in opposition to investments made in productive
> endeavors that benefit society.
>
> Leveraging our children's future in pursuit of mammon today is avaricious,
> gluttonous, and lustful.

Unemployment Claims: Watch the Distortions

Klown, step away from the computer. Please stop; you are embarrassing yourself. It is pretty clear you don't know what you are doing. You need a new hobby or get a job working at Fox News.

Yes. The data is worth cheering. That's easy. You are wrong on that.

You are misleading. But I don't think you do it intentionally. You just don't really understand.

Comparing 10/08 to 10/09 is interesting. But even you should see that pretty soon - probably about now these "comps" show "improvement". We are still focused on the second derivative so the comparison you are using is meaningless. The more interesting data is the rate of change month to month. 9/09 to 10/09 vs. 9/08 to 10/08. You seem to like numbers. You should have fun with that.

Unemployment will continue to rise but recovery is here and accelerating. Don't believe me? Watch and see.

That's all.

Cautious Outlook from Productivity and Costs

Klown, what's wrong with you?

Productivity is a good thing. It is always a good thing. 9.5% is unsustainable and it means that increased employment is in the pipeline.

The mother of all recoveries is underway.

Someone on Main street (I love that folksy appeal) must be happy - they went shopping by the looks of the retail numbers.

Utter nonsense.

You serve a useful purpose though. You are the prverbial canary in the coal mine. When you stop singing it will signal we are close to the top. For that alone - it is worth tuning in to read your drivel.

Thanks

Preview: October Employment Report

this report will be negative as will the next 3 but read the signs mother of all economic recoveries is coming down the pipe - recovery will surprise to upside. get set.

Equities Update: Post-Fed Gains Hefty, But Temporary

pay attention

sell of was coincident with the house accelrating the consumer fiannce legislation. it sold off on news. financial led theway down.

James Grant on WealthTrack: Surprisingly Strong Recovery Ahead

As usual. Incorrect.

You and the other clowns on this thread prove his point.


On Nov 03 12:10 AM Moon Kil Woong wrote:

> I would not consider this run up a crisis of pessimism. Thus according
> to his logic, the next emotional rollercoaster is down. Does he even
> consider his own logic when saying there will be an emotional bull
> due to overly pessimistic outlooks? Right now the optimists are the
> ones worrying after their low volume bizzaro dollar deflated rally.

Equities Update: Averages Tumble as Traders Fret over Economy

Markets sold off because of the extreme pessimism around the rally, the end of the fiscal year for hedgies and the like. Consumer sentiment came in at consensus, spending was as consensus. People got spooked - it happens - very appropriate for the day before Halloween. It also happens that markets do not go up in a straight line. Chicago PMI came in above consensus. More than likely ISM will show well on Monday. Some are calling for a V-shape recovery - certainly the inventory cycle is pointing that way. Payrolls will still decline but that is bottoming out

Productivity is high, inflation is low, rates are low, savings are high, earnings have rebounded, consumer spending is actually flat on a year ago. Markets are roughly where they were last year but all the underlying data is pointing up whereas last year it was pointing to the depths. Given that last year we were staring into the abyss - any reasonable person would consider that we had done fairly well.

Now consider Unemployment and consumer spending. Most people are still working. Prices are flat and rates are low. Savings are up. You don't need booming job growth to feed an increase in spending and confidence. You just need the fear to subside. As payroll reductions decline to the low -100's that will happen. Once that happens the tide starts to turn - as that happens - employment picks up - capacity starts to be used and the fed will tighten. We are still a way off from there. It is called the business cycle. (I feel like I am talking to a bunch of cavemen during a solar eclipse - yes the sun will shine again people - that is not Polyanna that is just plain commonsense)

One other tidbit - GDP per worker is now pretty much at the high. That usually foreshadows employment growth. Less than half of the stimulus is spent - you will see this for a few more quarters. It will not be a one-off and it will do what it was supposed to do - prime the pump.

This is the way things work. It has always been like this and it will repeat. The "this time it's different" crowd will also tell you that gravity is about to fail too.

All that said- we are not out of the woods here - 3 things.

1. Anti-Free trade sentiment - has to be squelched - nothing will drive us back to the stone age quicker than the putting up of tariffs. Obama does not yet get this.

2. Stupid government tricks (a) - more stimulus is not needed. We have enough. The pollies will be dying to "do something" in an election year. I hope they resist the urge.

2. Stupid government tricks (b) - more dumb legislation like Cap and Trade - this is a gift to utilities like Exelon - no wonder they support it (has anyone really stopped to think why a company like Exelon suddenly became all altruistic on this issue - gimme a break- it will hurt society and not achieve the goals - better to just tax carbon - let's not use a subsidy when a tax will work much better.

3. The rise or organized labor. For the most part organized labor is a dead weight on society. Very little is created by this group. Anything it touches - withers - witness the car industry. States like Texas that are less friendly are flourishing vs. the midwest or California.

Control or limit those three things and the economy will heal itself. Without a doubt. And come back better than before.

That's all

GDP Is 'Better'

Dude seriously. You are a clown. Analysis????

Your stuff is a joke. What is the point of arguing or debating. It is like trying to teach your dog to play chess.


On Oct 30 08:25 AM Karl Denninger wrote:

> Ad-hominen attacks always come out when the people on the other side
> of the debate are unable to argue with the mathematics.

GDP Is 'Better'

Great White.

Save your energy. You cannot reason with clowns. We have most of the SA clown show here with the last commenter.

Ofcourse the numbers are made up. A positive number has to be wrong or diminshed depsite the fact that we just came out of the mother of all recessions and what would you expect at the begnning of the recovery. Karl wanted to see 4 to 5% growth after all of his interesting gymnastics.

What we have here is the difference between a "belief" and knowledge"

A "belief" can be held despite evidence. A beleiver will jump through all kind of hoops to rationalize a belief. The adherents of a belief will follow this and naturally reject all eviddence to thhe contrary.

The SA boards are full of believers in the "armageddon scenario" They are pretty bought in and like other zealots are not going to be convinced by any argument. Beliefs are hard to shift.

Knowledege is the opposite and is wasted on believers. Believers don't need knowledge they just need each other. Witness the attaboys.

Lord knows I am no way near as smart as any of these guys. I could invent a whole alternative reality and keep at it. Too exhausting.

Like I said. I read Karl because he's funny. The string he incites always brightens my day. Enjoy the show. Don't fight it.

Carry on clowns.


On Oct 29 08:26 PM GreatWhite wrote:

> "Did you ever stop to think that the Case Schiller numbers could
> be equally wrong- and in the same direction- when indicating a drop?
> Oh Dang, there went my beautiful theory! Go ahead and think about
> it, we buffoons will give you a few minutes to catch up."
>
> This is pure Rocket Science from you Jumbo. I do need some time to
> try and digest it. Although I have a feeling when I digest it, it
> will be the same stuff that wnet in that comes out my rear end.
>
>
> GreatWhite
>
> On Oct 29 08:04 PM jambo wrote: