PROXIMO

U.S. Markets Propped Up by Delirious Toxicity

Goldman/ Treasury arrangement reeks of behind-the-scenes deals. Ample precedent for it, if you've read Tim Metz book Black Monday, which provided an up close look at how the stock market was turned (manipulated) by the government and trading floor specialists in the 1987 meltdown. It bought them time in 1987 to recover. I don't think it works now. Far too much toxic sh#t everywhere, mainly banks, autos, and real estate. Someone has to pay. It will be the taxpayers.

Credit Card Receivables: Even Moody's Thinks the Fed's 'Adverse Case' Is a Joke

Well said, Jason. Judging by Tyler's #6 ranking on SA based on number of followers, I'd say most readers are very comfortable with his analysis.


On May 12 02:55 PM Jason Rines (iThinkBig) wrote:

> Right now it is the syndication of important information that is
> critical to the public. They are not receiving it from the Main-Stream-Media.
> People like Tyler are my hero. What sweat equity are you throwing
> into a restoration of America? Capital starved entrepeneurs are doing
> the heavy lifting to syndicate the truth while people in the investor
> class sit on there ass and act critical?
>
> If you want citizen powered media types like Tyler Durden to have
> the time and money for detailed analysis and featured reporting,
> open your wallet and fund him. If not, may I suggest you sit down,
> stay silent and smoke a cigar.
>
> On May 12 01:30 PM truthteller wrote:

A Summary of Q1 Bank Earnings: World, You Just Got Hustled

Nice post Naufal.

Do You Believe Borrowing Leads to Prosperity? (Part 2)

Enjoyed the article. IMO the moderate recent stock advance is probably largely a function of behind-the -scenes deals involving banks and crooked politicians. And my guess is that the worst economic pain has yet to begin. Without making light of the debt, which is very serious, I am curious about something I seldom see commented on. I am curious as to the net worth of Uncle Sam. I mean, the balance sheet would have to include untold billions in military bases and equipment, billions in national parks, airports, museums, libraries, hospitals, Interstates, other roads, bridges, school districts, universities, billions of acres of land, government buildings, water systems, dams,lakes, etc.etc.etc. Plus Wash DC itself, with Dept of Agriculture, Dept. of Commerce, Dept. of Interior, Dept. of Energy, Dept. of Defense(Pentagon, CIA, FBI), Washington Monument, Lincoln Memorial, Smithsonian, AAFB, Capitol Buildings, White House, etc etc. I realize these would not be converted to pay off debt, but I would think US must be worth MANY trillions of dollars.

Sell in May? No Way!

Convoluted analysis. Since the data as it stands does not bode well for the month of May, the recession is magically declared over and new calculations are made, in order to justify higher stock prices. Then June is logically determined to move higher, since that is what it does after a post-recession higher May move. Further, since the first two days of May were up days, a record breaking month of May is the logical next step. Please. The first two MINUTES of May are probably at least as valid as the first two days in forecasting the entire month of May.

Why This Rally Is Unsustainable

Your profile lists your age as 19. Your grasp and understanding of economics and business is impressive, given your youth.

Do You Believe Banks Are Recovering? (Part 2)

The government is too stupid to accomplish even a small fraction of what you allege. Assuming they even had a motive, which is highly doubtful.


On May 02 03:13 PM 1.5 quadrillion wrote:

> The number of people who have voted thumb down on this post is EXACTLY
> WHY AMERICANS KEEP GETTING HOSED BY THEIR GOVERNMENT and by the fascist
> corporate oligarchy.
>
> You are all like alcoholics in denial. For those who still think
> their government simply goofed on 9/11 and would never hurt them
> intentionally to further nefarious goals, here is the short list
> of VERIFIABLE U.S. Conspiracies, both Governmental and Corporate
> that have occurred since my birth:
>
> Gulf of Tonkin, Iraq/Al Qaeda connection lies, WMD lies, JFK, RFK,
> MLK, Vietnam (all aspects of the war), CIA drug running with Noriega
> (google Barry Seal), NAFTA, Security and Prosperity Partnership of
> North America, WTO, FBI COINTELPRO, MKULTRA, Warren Commission (Completely
> contradicted and refuted later by the House Select Committee on Assassinations),
> ILLEGAL WIRE TAPPING From NIXON TO NOW, Watergate, October Surprise,
> the "secret" Laos war, CIA Drug running in LOAS, Operation Mockingbird
> (CIA control of Media - William Colby once said the CIA had ever
> media in their pocket - he was killed before he was to testify),
> Project SHAD, Project Ajax, Operation PBSUCCESS, the Tuskegee Syphilis,
> Operation Northwoods (false domestic terrorism), MKOFTEN (CIA testing
> chemical toxins on people without their knowledge), CIA development
> of "ethnic weapons" (Military Review, Nov., 1970), Pentagon Papers,
> Keating Five, Operation Paperclip, Human Radiation Experiments. 1944
> to 1974, the PPT, USS LIBERTY, Secret Bombing of Cambodia,
>
>
> The list is virtually endless! These are the DOCUMENTED conspiracies
> the US Government has engaged in that have resulted in the premeditated
> deaths or crippling of U.S. Citizens!
>
> Look up HAARP or Chemtrails...
>
> The corporate list is just as long and includes things like Love
> Canal, Terminator Seed Technology (what f'ing idiot at Monsanto came
> up with this one that is sterilizing seeds by contamination!), Tobacco
> Company lies, Enron, Arthur Andersen, Exploding Ford Pintos, Media
> Consolidation, The Business Plot 1933 (google it), General Motors
> streetcar conspiracy, GM EV1 battery, Federal Reserve Act (www.apfn.org/apfn/rese...),
> WorldCom, Tyco, Commodities Modernization Act (cause of our current
> problems), Bolivia Water Grab (www.citizen.org/docume...;citizen.org/docume...),
> Thalidomide Conspiracy, Big Pharma anti-depressants (suicides/murders),
> Oil Wars, Private Armies (Blackwater, etc), Monsanto/GE/Westinghouse
> PCB and dioxin poisoning of their own workers and America’s water
> supply!!!!!!
>
> WTF is it going to take for you SHEEP to get INFORMED and INTO ACTION?????
>
>

Do You Believe Banks Are Recovering? (Part 2)

Yeah. Elvis is alive and doing fine, too. So are Sasquatch, Big Foot, and Loch Ness. I'd post more, but I have to catch a ride back to Mars.


On May 01 12:53 PM 1.5 quadrillion wrote:

> Quinn, 9/11 was an inside job (www.amazon.com/Debunki...)
> and only a certain type of conspiracy theorist thinks the moon landings
> were faked. I will never understand the urge of some people to create
> a fallacious straw man around the generalization "conspiracy theorists".
>
>
> The joke of it is, life in America, as I've known it, has been nothing
> but conspiracy piled upon conspiracy: my entire lifetime (born in
> 1959) has been a parade of conspiracies from Vietnam to Enron. Even
> the House Select Committee on Assassinations in 1976 came to the
> conclusion that Oswald didn't act alone, but you won't hear that
> anywhere in the media...ANOTHER conspiracy - THE MEDIA.
>
> In any event, Quinn hits the mark on his FED FACTS. Too bad he had
> to slam 9/11 truth in the process. Maybe that’s a quick way for him
> to get institutional credibility – portray THEM as the nuts…SHAME
> ON YOU QUINN.

Citigroup's Horrible Conference Call

The dialogue in the article reminds me of a quote I read somewhere a while back: "I know you believe you understand what you think I said, but I am not so sure you realize that what you heard is not what I meant."

AmEx Shares Could Double - Barron's

Being pumped in a Barron's cover story is meaningless. There is nothing sacred about Baron's. Amex is a piece of sh#t just like the big banks with the CDS's and CDO's, and the major autos in Detroit. Sometime in the next year all that sh#t will sell for what it's worth.

The U.S. Banking System's Terrifying Balance Sheet

04/09/2009 --- Sucker's rally.

Interpreters of Data Should Exercise Care to Get Facts Right

Thanks for the heads- up on Mauldin. I have been generally impressed with his commentaries for the past couple of years, but I had no clue that there are sometimes holes in his research.

Geithner's Financial Reform Is Doomed to Fail

Agreed---Geithner's in over his head.

How to Profit from Market Manipulation

Tim Metz, a former WSJ reporter, wrote Black Monday after the 1987 debacle. The book provides a behind the scenes look at key players in the market during the 87 sell-off. Traders, Feds, bankers, etc. It is a fascinating book and makes a very compelling case that market manipulation from the highest levels was in fact the ONLY thing that prevented a catastrophic meltdown of the entire system at that time.

Citigroup Float May Experience Dramatic Upside Velocity

Split it or reverse split it. A piece of sh#t is still a piece of sh#t.