Everything Is Getting Killed!!!!!

[Mega]

Sob, Sob,,,Volker you Bast*rd
Mike

[MulaMan]

Re: Everything Is Getting Killed!!!!!

Yes sir, told you all to start buying PUTs each month. Did not know Volker would be back so soon, long live Volker!

Volker should have been Fed Chairman, do you think Goldman would have been bailed out via AIG if Volker was on the job?

Ron Paul + Paul Volker -> double Paul.

[metalman]

Re: Everything Is Getting Killed!!!!!

Yes sir, told you all to start buying PUTs each month. Did not know Volker would be back so soon, long live Volker!

Volker should have been Fed Chairman, do you think Goldman would have been bailed out via AIG if Volker was on the job?

Ron Paul + Paul Volker -> double Paul.

dammit, ej! 22 days late!

[we_are_toast]

Re: Everything Is Getting Killed!!!!!

Mega, I'm not sure what you do for a living, but if you're not writing headlines for grocery store tabloid papers, you're missing out on a lot of money.;)

[icm63]

Re: Everything Is Getting Killed!!!!!

The people are angry at the bailouts

Massachusetts loss

Volcker advice sought...

The worm is turning..

[Mega]

Re: Everything Is Getting Killed!!!!!

"They" thought about "1984".....but sussed that would bring "1776/2".....They are now going to hide....."Timmy & Larry" will be put to the sword.

Now, BIG question....will we see "Volker rates" ?

Mike

[sunskyfan]

Re: Everything Is Getting Killed!!!!!

Yep, I totally agree. Obama pivoted faster that a hot salsa dancer. The storm has been brewing. This was the first flash of lightening.

[phinolerun]

Re: Everything Is Getting Killed!!!!!

Mega, I'm not sure what you do for a living, but if you're not writing headlines for grocery store tabloid papers, you're missing out on a lot of money.;)

My thoughts exactly!

[Quincy K]

Re: Everything Is Getting Killed!!!!!

On a day when all the banks were down some 5-7 percent, STI was up some 13 percent in the last two days.

Of course, I am short STI.

[Dr.No]

Gold up to $1227, then - disaster! - back to between $1034 and $978! (Maybe)

Sob, Sob,,,Volker you Bast*rd
Mike

Gold up to $1227, then - disaster! - back to between $1034 and $978! (Maybe):

http://www.facebook.com/photo.php?pid=3095034&id=140608094660

I'll be buying back my trading position a bit above $1034 if we get there, and if not, on a clear break back above the 50 day moving average (currently at $1134). As always, I do not trade my long term investment position in gold.

[LargoWinch]

Re: Everything Is Getting Killed!!!!!

For those still fortunate enough to have a day job and have missed the press conference discussed in this thread, well here it is:

The Volcker Rule
Runtime: 8min.

[rzero]

Re: Everything Is Getting Killed!!!!!

Volker is a punk. He was responsible for the artificially low interest rates from 1982-1987 that started our trade deficit (pushing out our manufacturing base) and began this massive financial bubble. He thinks the problem is lack of regulation, like many iTulipers. Wrong.

[thriftyandboringinohio]

Re: Everything Is Getting Killed!!!!!

Volker is a punk. He was responsible for the artificially low interest rates from 1982-1987 that started our trade deficit (pushing out our manufacturing base) and began this massive financial bubble. He thinks the problem is lack of regulation, like many iTulipers. Wrong.

You can begin personally dismantling regulation tomorrow morning. Tear down the speed limit signs on your own street, and disable the flashing lights near your children's school.

[GRG55]

Re: Everything Is Getting Killed!!!!!

Volker is a punk. He was responsible for the artificially low interest rates from 1982-1987 that started our trade deficit (pushing out our manufacturing base) and began this massive financial bubble. He thinks the problem is lack of regulation, like many iTulipers. Wrong.

I might not pass quite so harsh a judgement on Volcker, but I do agree with your view that Volcker is the Father of FIRE...;)

A couple of posts dated March 25 last year from this thread:

...After eight years in the position, Volcker handed off the Fed Chairmanship to Alan Greenspan on August 11, 1987. On October 19, 1987 the DJIA dropped more than 22%...at the time the largest one-day percentage decline in US stock market history.

This was the first crash of over-inflated financial instruments during FIRE economy v.2. The conditions that led to the inflating of financial instruments and this collapse did NOT occur in the eight-and-one-half weeks that Alan Greenspan was the Fed head.

Paul Volcker rightly deserves credit for putting an end to the persistent stagflation of the 1970s. Even more, he deserves respect for his high personal standards of ethical conduct, in this era of incompetent politicians and corrupt business leaders. However, the foundation of the FIRE economy was built on his watch, and the first clear indications that the Fed was participating in steering things on a path to disaster were in October 1987. In the years after, Alan Greenspan and cohorts merrily continued to build a multi-story house of cards, on Volcker's foundation.

Best quote from the article: “We’re in a government-dependent financial system; I never thought I would live to see the day… We’ve got to fight to get away from that.” – Paul Volcker, March 24, 2009

Yes, let’s get away from that.

Volcker tossed the hot potato to Greenspan a few months before the market crashed.

Greenspan tossed it to Bernanke a year before the next big crash.

Even if Volcker did not knowingly launch the FIRE Economy, why didn't he speak up more when all of these risks were building in the system?

Because Volcker is a politician, that's why. Now here he is scratching his head and wondering what happened. Time for the Volcker glorification to end. There are no heroes in central banking.

[WildspitzE]

Re: Everything Is Getting Killed!!!!!

The third quote is spot on re: he being a politician, and the only reason why he's with the current pres is to be used in politics - to drive policy and/or mkts. I thought that he would be used when inflation made a real mark. Oh well.