Finally some good news

[krakknisse]

Found this interesting chart showing Google traffic for ITulip:


Google Trends now has a web site tracking service. ITulip is showing up. Note that financialsense, 321gold.com rank way above ITulip in terms of traffic... But at least ITulip is showing up. It's not much of good news, but in this environment, anything is better than nothing...

The also visited list is interesting:
1. dollarcollapse.com
2. prudentbear.com
3. safehaven.com
4. financialsense.com
5. ml-implode.com
6. denninger.net
7. jsmineset.com
8. 321gold.com
9. goldseek.com
10. nakedcapitalism.com

[idianov]

Re: Finally some good news

Found this interesting chart showing Google traffic for ITulip:


Google Trends now has a web site tracking service. ITulip is showing up. Note that financialsense, 321gold.com rank way above ITulip in terms of traffic... But at least ITulip is showing up. It's not much of good news, but in this environment, anything is better than nothing...

The also visited list is interesting:
1. dollarcollapse.com
2. prudentbear.com
3. safehaven.com
4. financialsense.com
5. ml-implode.com
6. denninger.net
7. jsmineset.com
8. 321gold.com
9. goldseek.com
10. nakedcapitalism.com

These are all my favorite sites!

[Guest]

Re: Finally some good news

Posted this over on a Jim Nickerson thread in "financial markets" but it is so plug-ugly it deserves a spot under Krakke's "good news" thread. Karl Denninger is going off the deep end. (don't freak out now Krakknisse). BTW - this is precisely Robert McHugh's thesis. Second leg down of this bear market is the once in 300 year "Apocalyptic". FWIW, McHugh is a bloody good technician if nothing else. I personally don't buy it, but I bet there are some here who do.

What's Dead (Short Answer: All of It)

Thursday, March 5. 2009

Posted by Karl Denninger in Editorial at 09:57

What's Dead (Short Answer: All Of It)


Just so you have a short list of what's at stake if Washington DC doesn't change policy here and now (which means before the collapse in equities comes, which could start as soon as today, if the indicators I watch have any validity at all. For what its worth, those indicators are painting a picture of the Apocalypse that I simply can't believe, and they're showing it as an imminent event - like perhaps today imminent.)

• All pension funds, private and public, are done. If you are receiving one, you won't be. If you think you will in the future, you won't be. PBGC will fail as well. Pension funds will be forced to start eating their "seed corn" within the next 12 months and once that begins there is no way to recover.
• All annuities will be defaulted to the state insurance protection (if any) on them. The state insurance funds will be bankrupted and unable to be replenished. Essentially, all annuities are toast. Expect zero, be ecstatic if you do better. All insurance companies with material exposure to these obligations will go bankrupt, without exception. Some of these firms are dangerously close to this happening right here and now; the rest will die within the next 6-12 months. If you have other insured interests with these firms, be prepared to pay a LOT more with a new company that can't earn anything off investments, and if you have a claim in process at the time it happens, it won't get paid. The probability of you getting "boned" on any transaction with an insurance company is extremely high - I rate this risk in excess of 90%.
• The FDIC will be unable to cover bank failure obligations. They will attempt to do more of what they're doing now (raising insurance rates and doing special assessments) but will fail; the current path has no chance of success. Congress will backstop them (because they must lest shotguns come out) with disastrous results. In short, FDIC backstops will take precedence even over Social Security and Medicare.
• Government debt costs will ramp. This warning has already been issued and is being ignored by President Obama. When (not if) it happens debt-based Federal Funding will disappear. This leads to....
• Tax receipts are cratering and will continue to. I expect total tax receipts to fall to under $1 trillion within the next 12 months. Combined with the impossibility of continued debt issue (rollover will only remain possible at the short duration Treasury has committed to over the last ten years if they cease new issue) a 66% cut in the Federal Budget will become necessary. This will require a complete repudiation of Social Security, Medicare and Medicaid, a 50% cut in the military budget and a 50% across-the-board cut in all other federal programs. That will likely get close.
• Tax-deferred accounts will be seized to fund rollovers of Treasury debt at essentially zero coupon (interest). If you have a 401k, or what's left of it, or an IRA, consider it locked up in Treasuries; it's not yours any more. Count on this happening - it is essentially a certainty.
• Any firm with debt outstanding is currently presumed dead as the street presumption is that they have lied in some way. Expect at least 20% of the S&P 500 to fail within 12 months as a consequence of the complete and total lockup of all credit markets which The Fed will be unable to unlock or backstop. This will in turn lead to....
• The unemployed will have 5-10 million in direct layoffs added within the next 12 months. Collateral damage (suppliers, customers, etc) will add at least another 5-10 million workers to that, perhaps double that many. U-3 (official unemployment rate) will go beyond 15%, U-6 (broad form) will reach 30%.
• Civil unrest will break out before the end of the year. The Military and Guard will be called up to try to stop it. They won't be able to. Big cities are at risk of becoming a free-fire death zone. If you live in one, figure out how you can get out and live somewhere else if you detect signs that yours is starting to go "feral"; witness New Orleans after Katrina for how fast, and how bad, it can get.

The good news is that this process will clear The Bezzle out of the system.

The bad news is that you won't have a job, pension, annuity, Social Security, Medicare, Medicaid and, quite possibly, your life.
It really is that bleak folks, and it all goes back to Washington DC being unwilling to lock up the crooks, putting the market in the role it has always played - that of truth-finder, no matter how destructive that process is.
Only immediate action from Washington DC, taking the market's place, can stop this, and as I get ready to hit "send" I see the market rolling over again, now down more than 3% and flashing "crash imminent" warnings. You may be reading this too late for it to matter.
In 3 minutes, what's coming.....

DEEP IMPACT - DESTRUCTION

[Chris]

Re: Finally some good news

Luke, this is the "good news" thread. Keep that doomer Denninger out of it!

[Guest]

Re: Finally some good news

Sorry Uncle Krakke. I won't do it again, I promise.

[*T*]

Re: Finally some good news

Found this interesting chart showing Google traffic for ITulip:


Google Trends now has a web site tracking service. ITulip is showing up. Note that financialsense, 321gold.com rank way above ITulip in terms of traffic... But at least ITulip is showing up. It's not much of good news, but in this environment, anything is better than nothing...

The also visited list is interesting:
1. dollarcollapse.com
2. prudentbear.com
3. safehaven.com
4. financialsense.com
5. ml-implode.com
6. denninger.net
7. jsmineset.com
8. 321gold.com
9. goldseek.com
10. nakedcapitalism.com

How do they collect information on what sites you also visit? Have they been logging my IP?

[karim0028]

Re: Finally some good news

How do they collect information on what sites you also visit? Have they been logging my IP?

Hell yeah! On the web nothing is private unless you use a proxy server or some other ways of hiding your identity.... There are cookies and google bots that track who referred you and where you went from your current location... how do you think they target your advertising to you?

EVERYTHING electronic is trackable and tracked... Web, email, voicemail, text msg... They are all on some server some where... I would say GOOG has about 95% of all the info

[Penguin]

Re: Finally some good news

Yves Smith runs an outstanding site: nakedcapitalism.

It is one of my favorites. That lady pulls no punches! Far as I know I've never visited any of the others. Calculatedrisk is another really top notch site... their comments section can be hysterically funny in a morbid sort of way.

Will

[Thailandnotes]

Re: Finally some good news

How do they collect information on what sites you also visit? Have they been logging my IP?

If my email includes advice for a diabetic friend, all ads on several sites I visit next are about diabetic breakthroughs. If I mention diapers, all ads are about early childhood care.

All the popular web-based email programs scan the text of your emails and go for it.

[we_are_toast]

Re: Finally some good news

Interpreting web traffic numbers is always more art than science. If you have a google toolbar in your browser, they probably can track every site you go to. If you don't have a toolbar, and you don't use google to get to iTulip, and the site your at doesn't use google webstats, they can't track you.

The only truly accurate data about a sites traffic is the log files from the web server. Even interpreting these can be a trick.

Found this interesting chart showing Google traffic for ITulip:


Google Trends now has a web site tracking service. ITulip is showing up. Note that financialsense, 321gold.com rank way above ITulip in terms of traffic... But at least ITulip is showing up. It's not much of good news, but in this environment, anything is better than nothing...

The also visited list is interesting:
1. dollarcollapse.com
2. prudentbear.com
3. safehaven.com
4. financialsense.com
5. ml-implode.com
6. denninger.net
7. jsmineset.com
8. 321gold.com
9. goldseek.com
10. nakedcapitalism.com