He HADN'T stopped Christmas from coming!
IT CAME!
Somehow or other, it came just the same!
And the Grinch, with his grinch-feet ice-cold in the snow,
Stood puzzling and puzzling: "How could it be so?
It came without ribbons! It came without tags!
"It came without packages, boxes or bags!"
And he puzzled three hours, `till his puzzler was sore.
Then the Grinch thought of something he hadn't before!
"Maybe Christmas," he thought, "doesn't come from a store.
"Maybe Christmas...perhaps...means a little bit more!"
And what happened then...?
Well...in Who-ville they say
That the Grinch's small heart
Grew three sizes that day!
And the minute his heart didn't feel quite so tight,
He whizzed with his load through the bright morning light
And he brought back the toys! And the food for the feast!
And he...
...HE HIMSELF...!
The Grinch carved the roast beast!
You see, Christmas does not come from a store and, yes, it means a little bit more. Those that shop at the Fed's discount window found that Christmas can come early (or at any time they want it to). Those that shop at the Fed's discount window don't give a shit about your Christmas. The bonus laden will spend, spend spend and the debt and foreclosure laden will cry boo-hoo. They have left no crumbs for your mouses and that Who Hash, they smoked it! Friggin all of it! Bogarts.
Now Christmas is coming to CITI and Wells Fargo. They are getting bailed out for bonuses and the shareholders are getting diluted to Whoville and back. You’re a foul one Mr. Grinch. You’re a nasty wasty skunk. Your heart is full of unwashed socks, Your soul is full of gunk, Mr. Grinch. The 3 words that best describe you, are as follows, and I quote, "Stink, Stank, Stonk"
That's right, Christmas does not come from a store because their inventories are so low you won't be able to find what you want even though the shoppers are only out in limited numbers. For it was on that day they say the credit card issuers increased their interest rates 10 times plus two. They are not gonna come and steal your tree like the Grinch, they are gonna repo that sum bitch and still charge you interest (times two).
Was it really because the bankers hearts were two sizes two small? Not really they are to big to fail so they don't really have hearts or souls or even a spirit for that matter. Their religion is rooted in evil and greed and your well being is of no real concern to them. They have discovered a way to churn the markets without needing any of our assets and thus rendered us useless in this world. They got all they needed out of us. You nauseate me, Mr. Grinch. With a nauseous super naus, You’re a crooked jerky jockey and, you drive a crooked horse Mr. Grinch.
Don't expect Obama or Bernanke to come whizzing thru the night to bring you a load of jack shit. Their hearts are not feeling any lighter (nor are their wallets!). He's gone. He's checked out and did not leave a forwarding address. He left town with all your shit and is still charging you interest! That roast beast, that ain't roast beast I hate to tell ya.
I can't really decide amongst the candidates who should be the Grinch. Bernanke and his "superman of the year" award? Greenspan? Clinton/Bush/Obama? Timmuh? GS? Or pick almost any representative. It is a tough call, so you can make up your own Grinch.
OK, I have slightly berated one of the all time favorite Christmas stories, sorry. You see it is one of my favorites, and I believe the message is glaring to those that will listen. At the very end of the video the message is loud and clear.
Christmas day is in our grasp, So long as we have hands to clasp,
Welcome all Who's Far and near, Christmas day will always be Just so long as we have we,
Welcome Christmas Bring your light, While we stand Heart to heart And hand in hand
My kids have to recite that (and about 5 other Christmas classics), so I know they get it. You see if you remove the word Christmas and replaced it with, say, Saturday, read it again. Stripping away the commercial and religious aspects, we can all enjoy the season. What if We did not have We? What if We could not stand hand in hand with our friends and neighbors? It is about community and family coming together. We need We! Without We things would really suck, so this holiday season appreciate the We's you have.
Now stretch this We to our country or the world. We need We and We better start coming together or the Grinch is gonna get our tree, and he might want to stuff the tree up something other than your chimney. I have had enough of the Grinch and his TBTF party. So as you are spreading holiday cheer with the other Who's in Whoville, why don't you discuss the Grinch and his bad acts so others become aware of what is really happening. Then it will be the Whos turn to make some Noise, Noise, Noise. Then maybe the Who's can get their Constitution and government back! Now wouldn't that make a great holiday gift?
Happy holidays!
I'll post on a Christmas Carol soon. I'd hate to leave Scrooge out of one of my Xmas posts.
Also, I crossed the 300k hits milestone today! Thanks for all your views and support.
Showing posts with label Timothy Geitner. Show all posts
Showing posts with label Timothy Geitner. Show all posts
Wednesday, December 16, 2009
Thursday, September 3, 2009
Tee 'Em Up - We'll Knock 'Em Down
As the top churns the news becomes more unrealistic by the day. Let's just jump right in.
The WSJ has Geithner Pushes for Tough Global Capital Rules. When is this moron on a power trip gonna get a clue? We should not be kissing butt, but we sure as hell don't need to be pissing off anyone right now. "U.S. officials have called for tougher capital requirements for months, but Mr. Geithner’s detailed proposal comes as many European leaders have shifted their focus on bank regulation to things such as limiting the size of banks and caps on bonuses. So the U.S. proposal could be controversial and set up a clash of top regulators as fault lines form over the best way to supervise banks." You see Timmay is so deep in the pockets of the corporate financial behemoths that he is not taking an agenda to the meeting for us, he's taking one to protect the banks and allow their "to big to failness" the grow even larger. WTF is this guy thinking?
Perhaps everyong but Timmay has read this, Prag Cap brings us THE STIMULUS CAN’T SAVE THE STOCK MARKET…. This is my kind of article, "In fact, you could argue that much of what governments have done have actually made the problems worse. Unfortunately, we haven’t solved the problem of excess debt and all the stimulus does is prolong and delay the eventual day of reckoning with this mountain of debt. Comstock does a wonderful job of detailing these long-term issues." Now you are talking. Someone telling it how it is. "It is unlikely that we’ll solve these problems until we admit we have a problem, bite the bullet and begin focusing on the real problems that got us in this mess to begin with. Printing more dollars and encouraging more reckless lending is not part of that solution…." Talk about ringing the bell - give that man a prize.
At Trim Tabs they are following the Fibonacci retracements for insider selling moving from 31 times to the full 61.8x retracement exiting August. As usual, TD and the gang dig up the truly dreadful stuff we all love to read. In Insider Selling/Buying Ratio Doubles to 61.8x TD has, "TrimTabs earlier disclosed that the ratio of insider selling to buying had averaged about 31x for August, with $6.3 billion of insider sales matched by only $210 million on insider buys." You'd think you should hear this news somewhere other than on Zero Hedge.
The Big Picture has Personality, Emotion, and Trading Performance. "In that study, we found, no single set of personality traits was significantly correlated with favorable trading outcomes. Rather, it was emotional reactivity overall that seemed to best predict profitability." I suggest you read this. With all the emotion I read in the chat rooms and get in emails it could only help. Behavioral finance is cool shit. Really.
FT.com brings The global consensus is starting to crack to the table. Ok, I read this and thought I was reading a CNBS script. Nothing in this article sounds correct to me. "The novelty is wearing thin. The eager anticipation and diplomatic hoopla that attended the London summit has given way to a certain weariness ahead of this month’s gathering of the Group of 20 leading nations. Back in the spring, leaders of the biggest economies could claim to have saved the world. What on earth do they do for an encore?" Encore? Fucking encore? Saved the world? And "That said, officials preparing the summit fear it will be something of an anti-climax. In part, that is inevitable. When the leaders last met, many saw a risk that the global financial crisis could yet trigger a 1930s-style depression. For once, a summit communiqué actually mattered. But the point of maximum danger has passed." What? The point of max danger has passed? What the hell is this dude smoking? Apparently he believes in the finance fairy and that all the off balance sheet assets that have been GAPed away will never reappear. Sorry, the usually reliable FT screwed the pooch on this one. Please remove all cool-aide from the building immediately.
And one last post from ZH, cause I can not resist - A must watch vid that will leave your jaw on the floor - Congressman Pete Stark Explains Leverage, Tells Reporter To "Get The Fuck Out"
Look for my morning post.
GL trading.
The WSJ has Geithner Pushes for Tough Global Capital Rules. When is this moron on a power trip gonna get a clue? We should not be kissing butt, but we sure as hell don't need to be pissing off anyone right now. "U.S. officials have called for tougher capital requirements for months, but Mr. Geithner’s detailed proposal comes as many European leaders have shifted their focus on bank regulation to things such as limiting the size of banks and caps on bonuses. So the U.S. proposal could be controversial and set up a clash of top regulators as fault lines form over the best way to supervise banks." You see Timmay is so deep in the pockets of the corporate financial behemoths that he is not taking an agenda to the meeting for us, he's taking one to protect the banks and allow their "to big to failness" the grow even larger. WTF is this guy thinking?
Perhaps everyong but Timmay has read this, Prag Cap brings us THE STIMULUS CAN’T SAVE THE STOCK MARKET…. This is my kind of article, "In fact, you could argue that much of what governments have done have actually made the problems worse. Unfortunately, we haven’t solved the problem of excess debt and all the stimulus does is prolong and delay the eventual day of reckoning with this mountain of debt. Comstock does a wonderful job of detailing these long-term issues." Now you are talking. Someone telling it how it is. "It is unlikely that we’ll solve these problems until we admit we have a problem, bite the bullet and begin focusing on the real problems that got us in this mess to begin with. Printing more dollars and encouraging more reckless lending is not part of that solution…." Talk about ringing the bell - give that man a prize.
At Trim Tabs they are following the Fibonacci retracements for insider selling moving from 31 times to the full 61.8x retracement exiting August. As usual, TD and the gang dig up the truly dreadful stuff we all love to read. In Insider Selling/Buying Ratio Doubles to 61.8x TD has, "TrimTabs earlier disclosed that the ratio of insider selling to buying had averaged about 31x for August, with $6.3 billion of insider sales matched by only $210 million on insider buys." You'd think you should hear this news somewhere other than on Zero Hedge.
The Big Picture has Personality, Emotion, and Trading Performance. "In that study, we found, no single set of personality traits was significantly correlated with favorable trading outcomes. Rather, it was emotional reactivity overall that seemed to best predict profitability." I suggest you read this. With all the emotion I read in the chat rooms and get in emails it could only help. Behavioral finance is cool shit. Really.
FT.com brings The global consensus is starting to crack to the table. Ok, I read this and thought I was reading a CNBS script. Nothing in this article sounds correct to me. "The novelty is wearing thin. The eager anticipation and diplomatic hoopla that attended the London summit has given way to a certain weariness ahead of this month’s gathering of the Group of 20 leading nations. Back in the spring, leaders of the biggest economies could claim to have saved the world. What on earth do they do for an encore?" Encore? Fucking encore? Saved the world? And "That said, officials preparing the summit fear it will be something of an anti-climax. In part, that is inevitable. When the leaders last met, many saw a risk that the global financial crisis could yet trigger a 1930s-style depression. For once, a summit communiqué actually mattered. But the point of maximum danger has passed." What? The point of max danger has passed? What the hell is this dude smoking? Apparently he believes in the finance fairy and that all the off balance sheet assets that have been GAPed away will never reappear. Sorry, the usually reliable FT screwed the pooch on this one. Please remove all cool-aide from the building immediately.
And one last post from ZH, cause I can not resist - A must watch vid that will leave your jaw on the floor - Congressman Pete Stark Explains Leverage, Tells Reporter To "Get The Fuck Out"
Look for my morning post.
GL trading.
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