Global Financial Crisis (13 Viewers)

[Bjerknes]

Funny development today. The 1 month T-Bill is trading at 0%.

What does that mean? Well, it's looks like there isn't any safe place to park your money. The risk trade is getting exhausted.

 

Buy on AliExpress.com

[swag]

Funny development today. The 1 month T-Bill is trading at 0%.

What does that mean? Well, it's looks like there isn't any safe place to park your money. The risk trade is getting exhausted.

Back in the 1991 recession, I used to promote the "Swag Valance Mattress Fund" for anyone seeking safe preservation of capital and distrusting the financial markets.

 

[Enron]

Damn, guess I shouldn't have opened that savings account the other day.

 

[swag]

Damn, guess I shouldn't have opened that savings account the other day.

We still have Class P (for Pillow) shares still available.

 

[Enron]

We still have Class P (for Pillow) shares still available.

What's the outlook on coffee can shares looking like?

 

[Bjerknes]

Damn, guess I shouldn't have opened that savings account the other day.

Well, you aren't going to get much of a return with rates being so low as they are. But if the risk trade is off and all these assets are becoming overbought, then deflation might set in again. And in that case, cash is where you want to be. Demand for dollars would be strong and hence your savings should appreciate against other currencies and real stuff.

 

[swag]

What's the outlook on coffee can shares looking like?

Short on dumps.

 

[Enron]

Well, you aren't going to get much of a return with rates being so low as they are. But if the risk trade is off and all these assets are becoming overbought, then deflation might set in again. And in that case, cash is where you want to be. Demand for dollars would be strong and hence it should appreciate.

I'm not too worried about it. I opened it purely as a place to stash 2 g's and add to it over time (deposits) until I figure out what to do with it in the future, if anything.

 

[ALC]

I'm not great with economy terms and whatnot, but what I'm getting is that money in da bank isn't baller anymore?

 

[Bjerknes]

http://www.zerohedge.com/article/history-worlds-reserve-currency-ancient-greece-today

 

[Bjerknes]

I'm not great with economy terms and whatnot, but what I'm getting is that money in da bank isn't baller anymore?

Not unless you're diversified away from The Bernanke's debasement of it, nigga.

 

[ALC]

http://www.zerohedge.com/article/history-worlds-reserve-currency-ancient-greece-today

That's to be expected though.

Not unless you're diversified away from The Bernanke's debasement of it, nigga.

Bernanke be killin' me.

 

[Bjerknes]

Uhh, May Philly FED Numbers were very ugly.

U.S. MAY PHILADELPHIA FED FACTORY INDEX AT 3.9 VS 18.5

May 2011 Business Outlook Survey
Responses to the Business Outlook Survey suggest that regional manufacturing activity grew slightly in May. Nearly all of the survey’s broadest indicators remained positive but fell from their readings in the previous month. The current employment index, however, showed resilience and improved this month. Indicators for prices fell back somewhat from their relatively high readings of recent months but still suggest considerable price pressure. The survey’s indicators of future activity fell sharply this month, reflecting consensus about future growth.

http://www.philadelphiafed.org/rese...nomy/business-outlook-survey/2011/bos0511.pdf

Here's the main graph you want to look at.

Say, you guys see that gap in the road up ahead?

Nah, that's no gap you idiot, the road is strong. Just buy stocks on your iPhone and shut up! Pass me the Cuervo! Party on bitchez!

Dude, that's a fucking gaaaaaaaaaaAAAAAAAAAAAAAAAAAHHHHHHHHH!



*TO BE CONTINUED*

 

[Bjerknes]

The LinkedIn IPO was launched this week and it's trading at 700 TIMES EARNINGS!

Why the hell would anybody want to buy that?

 

[Bjerknes]

Here's an interesting chart on the dollar using Elliot Wave Bullshit. I don't like this stuff, but lets see how accurate this chart actually is in a few months time. Personally, I'm long dollars right now. Europe looks in bad shape so Euro weakness might be a trend.

 

[Bjerknes]

Oops...

ISM manufacturing gauge tumbles in May

http://www.marketwatch.com/story/ism-manufacturing-gauge-tumbles-in-may-2011-06-01?dist=countdown


6.9% drop month over month, largest month over month drop since 1984.

Big Brother: "Recovery is strong!"

 

[Bjerknes]

Initial claims sucked.

In the week ending May 28, the advance figure for seasonally adjusted initial claims was 422,000, a decrease of 6,000 from the previous week's revised figure of 428,000. The 4-week moving average was 425,500, a decrease of 14,000 from the previous week's revised average of 439,500.

And once again, they revised last week's numbers higher. It's not even funny anymore, it's just sad.

http://www.dol.gov/opa/media/press/eta/ui/current.htm

 

[Bjerknes]

Here's the deal. Your wages don't go up, you may lose your job, your savings will be obliterated, and your cost of living will rise. Sounds like a great deal, eh?

10-Year Real Wage Gains Worse Than During Depression

http://www.investors.com/NewsAndAna...-Wage-Growth-Worse-Than-During-Depression.htm

 

[Enron]

Noticed the jobs report was shit... again.

 

[Bjerknes]

Yes, it sure was. Then at 8:30 tomorrow we have the Employment Situation Report which contains the unemployment rates. I'm not expecting a drastic change to U3 because of people being dropped out of the labor force, but we'll see. All the jobs data recently has been bad but magically it sometimes doesn't show up in the unemployment rate, hmmmm, wonder why.. :rolleyes2