Beware Relief Rallies Update 1: DJIA 7552 the bottom? - Eric Janszen

[Chief Tomahawk]

Re: Beware Relief Rallies Update 1: DJIA 7552 the bottom? - Eric Janszen

D, I take it as Kudlow searching for signs of recovery. For instance, one of Kudlow's mustard seeds has been falling gas prices at the pump giving the consumer a pocketbook injection.

Kudlow's show though at least gives a chance for a bear or bears to state their case, at least until Larry cuts them off and/or talks over them. Ironically, his show gives the most steady diet of bears and bear arguments on CNBC. Classic show moments were Roubini seated next to Kudlow in the studio and no sooner would Larry finish championing Goldilocks than Nouriel would, in his deadpan, nononsense style, predict imminent recession. Another, longstanding thing Kudlow does is introduce A. Gary Shilling, longtime housing bear, with a black and white tornado clip to represent housing in freefall. Check out Shilling's website; he has a summary of his calls for 2008 and he's been pretty accurate. No wonder why on Kudlow's show Shilling points his finger and argues back when said host tries to pull his "talk over you" routine crapola.

[dbarberic]

Re: Beware Relief Rallies Update 1: DJIA 7552 the bottom? - Eric Janszen

"Watch Kudlow’s show and you’ll see what I mean."

MUSTARD SEEDS!!!!!

I have a friend in construction in CA and as you might guess, he's at home most of the time now, leaving him plenty of time to watch CNBC. The other day he said he's "so sick and tired of hearing this guy talk about mustard seeds." I couldn't help but laugh as I knew exactly who he is talking about.

Can you explain the mustard seed reference? I try to never watch CNBC, it makes me puke.

[Chief Tomahawk]

Re: Beware Relief Rallies Update 1: DJIA 7552 the bottom? - Eric Janszen

"Watch Kudlow’s show and you’ll see what I mean."

MUSTARD SEEDS!!!!!

I have a friend in construction in CA and as you might guess, he's at home most of the time now, leaving him plenty of time to watch CNBC. The other day he said he's "so sick and tired of hearing this guy talk about mustard seeds." I couldn't help but laugh as I knew exactly who he is talking about.

[Chris]

Re: Beware Relief Rallies Update 1: DJIA 7552 the bottom? - Eric Janszen

Maybe they were only shipping Rhodium? ;)

[santafe2]

Re: Beware Relief Rallies Update 1: DJIA 7552 the bottom? - Eric Janszen

LAYUPS OF SHIPS REFLECT DETERIORATION IN WORLD’S CONTAINER TRADE
November 24, 2008 (PETER T. LEACH – Shipping Digest)

If current trends continue, Ron Widdows says, he’ll soon be able to see much of the world’s container ship fleet from his office window in Singapore. The chief executive of Neptune Orient Lines is joking, but it’s gallows humor — the growing number of laid-up ships is a sign of hard times that are likely to become worse

Hum, so you think this chart shows a downturn in the cost of shipping "stuff" across the sea?! Maybe you're right. I wouldn't ski on a slope like this.

BalticDryIndex.jpg

[jimmygu3]

Re: "In the Year 2012"

I've never been a huge fan of John Parr as an entertainer, but he is perhaps one of the finest song writers of my time.

[Chief Tomahawk]

Re: Beware Relief Rallies Update 1: DJIA 7552 the bottom? - Eric Janszen

Metalman, "Top Investors" is a feature which appears on the menu bar above once one is logged in. You have a portfolio there.

[strittmatter]

Re: "In the Year 2012"

is this a joke? kris kristofferson? bwah ha ha ha!

Again, stick with the lyrics.

[metalman]

Re: "In the Year 2012"

Here's KK singing Pilgrim on YouTube.

is this a joke? kris kristofferson? bwah ha ha ha!

[Verrocchio]

Re: "In the Year 2012"

I've never been a huge fan of Kris Kristofferson as an entertainer, but he is perhaps one of the better song writers of my time. A new title perhaps: "He's America" or "He's The Dollar"?





He's A Pilgrim (Lyrics)



See him wasted on the sidewalk in his jacket and his jeans
Wearing yesterdays misfortune like a smile
Once he had a future full of money, love and dreams
Which he'd spend like they were going out of style

And he keeps right on a changin' for the better or the worse
Searchin' for a shrine he has never found
Never known' if believin' is a blessin' or a curse
Or if the going up was worth the comin' down

(Chorus)

He's a poet, he's a picker, he's a prophet, he's a pusher
He's a pligrim and a preacher and a problem when he's stoned
He's a walking contradiction, plartly truth and partly fiction
Taking every wrong direction on his lonley way back home

He has tasted good and evil, in your bedrooms and your bars
And he's traded-in tomorrow for today
Running from his devils Lord, reachin' for the stars
Loosin' all his love along the way

But if this world keeps right on turnin' for the better or the worst
And all he ever gets is older and around
From the rockin' of the cradle to the rollin' of the hearse
The goin' up was worth the comin' down

(chorus)

He's a poet, he's a picker, he's a prophet, he's a pusher
He a pilgrim and a preacher and a problem when he's stoned
He's a walking contradiction, partly truth and partly fiction
Taking every wrong direction on his lonley way back home

There's been a lot of wrong directions on that lonley way back home.

Here's KK singing Pilgrim on YouTube.

[strittmatter]

Re: "In the Year 2012"

I've never been a huge fan of Kris Kristofferson as an entertainer, but he is perhaps one of the better song writers of my time. A new title perhaps: "He's America" or "He's The Dollar"?





He's A Pilgrim (Lyrics)



See him wasted on the sidewalk in his jacket and his jeans
Wearing yesterdays misfortune like a smile
Once he had a future full of money, love and dreams
Which he'd spend like they were going out of style

And he keeps right on a changin' for the better or the worse
Searchin' for a shrine he has never found
Never known' if believin' is a blessin' or a curse
Or if the going up was worth the comin' down

(Chorus)

He's a poet, he's a picker, he's a prophet, he's a pusher
He's a pligrim and a preacher and a problem when he's stoned
He's a walking contradiction, plartly truth and partly fiction
Taking every wrong direction on his lonley way back home

He has tasted good and evil, in your bedrooms and your bars
And he's traded-in tomorrow for today
Running from his devils Lord, reachin' for the stars
Loosin' all his love along the way

But if this world keeps right on turnin' for the better or the worst
And all he ever gets is older and around
From the rockin' of the cradle to the rollin' of the hearse
The goin' up was worth the comin' down

(chorus)

He's a poet, he's a picker, he's a prophet, he's a pusher
He a pilgrim and a preacher and a problem when he's stoned
He's a walking contradiction, partly truth and partly fiction
Taking every wrong direction on his lonley way back home

There's been a lot of wrong directions on that lonley way back home.

[icm63]

Re: Beware Relief Rallies Update 1: DJIA 7552 the bottom? - Eric Janszen

Some say the 2012 is not going to be good, as the baby boomers retire and there children cant support them..and that was before USA took on $7.7 trillion dollars of debt in 6 months.. http://www.thegreatbustahead.com/
Also DOW 26000 may be a bit of a reach...Dan Arnold didnt really take into account $65 trillion of CDS.. so I guess its worse than even he thought !

[hankhill]

Re: Beware Relief Rallies Update 1: DJIA 7552 the bottom? - Eric Janszen

For anyone who is interested in reading Garet Garrett's classic work mentioned by EJ, here's a link to the entire online book, courtesy of the Mises folks:

http://www.mises.org/books/bubbleworld.pdf

[Mega]

Re: Beware Relief Rallies Update 1: DJIA 7552 the bottom? - Eric Janszen

EJ
They put the price of a Big Mac up today.........Ha there their deflation hopes blown!
Mike

[sishya]

Re: Beware Relief Rallies Update 1: DJIA 7552 the bottom? - Eric Janszen

EJ
Good Post. It is always good to look at our past to get an idea of how the future can turn out. Particularly liked your comments -

"The false hope is that government spending can pull the economy out of its debt deflation, and that we are wiser than our grandparents and great grandparents were under similar circumstances"

. That we are smarter than our forefathers - that is just fantasy we are hearing on TV.