The
Cat recommends the following video:
http://www.youtube.com/watch?feature=player_embedded&v=DBNYwxDZ_pA
{
The Cat dispatching this archaic reptilian remnant of an extinct species. Yet,
doesn’t the ill-fated croc seem to be smiling a typically wide grin as if to
say, ‘he’s glad to be done-in by such a noble creature as the Cat’ (as opposed
to lesser species including all forms of apes and their progeny, potentially
even winding up as a pocket-book, belt, or pair of shoes). Yes, there’s a place
in the universe for Cats! }
FLASHBACK:
Government has shut down 17 times since 1976...
{
10-4-13 There was a server glitch/downtime on web server which precluded upload
/ bluehost.com techs confirmed the same (attack?); and, as always, reliably and
diligently resolved the problem. }
MR
HYPoCRiTe Posted by:
williambanzai7
Post date:
10/17/2013 - The Shit starts here...
MR
HYPoCRiTe
Submitted by williambanzai7 on
10/17/2013
.
.
.
Banzai
with Banksy is fun
A
new kind of bullet and gun
Now
Liberty's torch
Like
flowers that scorch
Show
tyrants that they haven't won
The
Limerick King
A HaRRY
ENDiNG... Posted by:
williambanzai7
Post date:
10/16/2013 - Big Boehner in Little Vichy...Happy
Execution Day 2013!
A
HaRRY ENDiNG...
Submitted by williambanzai7 on
10/16/2013 12:31 -0400
Some
confidence tricks have characteristics that don’t quite fit the Fonz. Take the
swindles known as 
From
the 
The
world’s developed countries face growth and employment shortfalls, while
developing countries are confronting 
Desperate
to know what the September payrolls, CPI or PPI really were, or when the
October jobs reports is due out now that the government's random number
generator is back up and running with the 16 day paid vacation for government apparatchiks
is over? The BLS has just released a schedule which answers those and many
other questions.
Last
night, after more than two weeks of utterly embarrassing theater, the
government in the Land of the Free inked a deal to kick the can down the road a
few more months. And in doing so, they set a very dangerous precedent. As part
of the bargain codified in HR 2775 (which President Obama signed into law), the
Treasury Department is authorized to SUSPEND the debt ceiling. In other words,
for all intents and purposes, there is now NO LIMIT government borrowing. This
limitless borrowing authority will expire on February 7, 2014. But it sets the
precedent that dismissing the debt ceiling is a perfectly viable course of
action. Congress has effectively removed their handcuffs… so you can almost
assuredly bet down the road that this provision will be extended, and
ultimately become permanent.
Reflecting
on the collapse of the USD, the surge in gold, the Chinese ratings agency
downgrade, and the groundhog-day-like world in which the US government (and
markets) live, DoubleLine's Jeff 
One
of our favorite indicators of leading "global growth" is the Goldman
swirlogram released each month, for two reasons: i) it succinctly summarizes on
one chart what the near-term state of the global economy is, and ii) it is
rather silly. Regardless of ii), the methodology does look at the entire
assortment of available global leading indicators (which in the case of the US
isn't saying much(, to determine the current state of the world economy.
According to the just released update, as a result of a plunge in leading
indicator acceleration, the world has just had its most slowdown-y
month in the past year.
It's
been a while since Dylan Ratigan made some headlines but it would appear that
the farce underway in Washington finally pushed him (rightly) over the edge. In
a Santelli-esque rage, 
The
future of the US economy with Chairman Yellen at the helm is grim indeed, which
provides all the more reason to end our system of central economic planning by
getting rid of the Federal Reserve entirely.
As
was widely reported last week in both the 
Understanding
the complexities of the sovereign CDS market is tricky... so we are constantly
bemused by the mainstream media's constant comment on it as if they have a
clue. 
It’s
become almost 
There
is no safe haven, Marc Faber tells Bloomberg TV's Tom Keene, "The 
A few
days ago many were shocked when JPM disclosed for the first time that in less
than four years, or since 2010, Jamie Dimon's den of alleged criminals
has 
The
U.S. Constitution leaves too many areas open to interpretation; a New
Constitution of 2,300 pages (+ 200 redacted secret pages) is the solution.
Government
spending has long been believed to have a multiplier effect in the
economy. However, as the chart above shows, the reality is quite
shocking. Each dollar in debt only increased GDP by roughly
$0.15. In other words each $1 in government spending actually has a
“
For
the greater part of human history, leaders who were in a position to exercise
power were accountable for their actions. The problem we are faced with
today is that our political and (frequently) business leaders are not being
held responsible for their actions. Thomas Sowell sums it up well: 
No
news... but green now on the week and month as epic volume ramped stocks
perfectly at 3pm...
David
Stockman, author of 
The
last few days have been punctuated with fearmongery from Alexander and Clapper
over the shutdown's impact on the NSA and the increased threat of terror this
generates. However, as the Washington Times reports, things are a little
different in reality. Pressed by the Democratic chairman of the Senate
Judiciary Committee at an oversight hearing, Gen. Keith B. 
From
algos to trading pschology and from market-maker's tricks to the quant models
that dominate, Batur Asmazoglu provides an insider's view of a large sell-side
bank FX trading desk. While the likes of Goldman's Thomas Stolper have proved
it, Asmazoglu's first 'secret' is that 
Looking
at the equity market and some of the background dynamics Citi's FX Technical
group cannot help but be reminded of 2011. They also warn, despite the constant
hope-driven rallies this week, there are also some aspects of what we saw in
1998 and similarities with 2000 that are worth noting. The bottom line, we have
had the view for some time that we would see a 
"We
may well have had a big, big rally in the U.S. stock market, but
There
really is very little reason why this "government shutdown" cannot
continue indefinitely because almost everything is still running. 63
percent of all federal workers are still working, and 
One
thing is now abundantly clear: 2013 is now one big scratch for bankers who were
expecting that this year bonuses would finally pick up from the prior several
years mediocre performance and catch up to the record days of 2009 (just after
the biggest wholesale bank bailout in history). The 
Just 
US
companies are warning about Q3 earnings at the second highest level since 2001,
with estimates well below what they were just three short months ago. Of
course, the US equity markets don't care - having rallied aggressively in the
face of this collapse; lubricated by multiple-expanding QE and rev. repo. As 
Reflecting
on exactly what was said yesterday, Duquesne's Stanley Druckenmiller is
initially perplexed as Bernanke explained 'financial conditions' - not interest
rates - have prompted the decision to forestall any taper. His confusion is
that financial conditions are actually slightly better than they were in June
and 
