Rolling US Economy Into The Shitbin Thread

also china is full of MAGIC

and LUCK

888

where can i buy futures in PIXIE DUST

buy palladium instead

i'm turning to theft of catalytic converters of large offensive s.u.v.s

palladium is the new gold, bitch

they're also artificially keeping their manufacturing costs down, which should bite them in the ass but PIXIE DUST etc. etc. xxp

what is the ADAMANTIUM market like nowadays

it's cutthroat

buy kryptonite -- it's a hedge against the falling dollar AND superman

well, some of us here may take what this article says to heart ...

and then there's this interesting detail from the proposed bear stearns acquisition

Michael Hecht, at Banc of America Securities, in a note today wrote that J.P. Morgan should be paying as much as $40 a share for Bear, even factoring in the $6 billion for litigation reserves, the cost of deleveraging Bear and integration costs including tech and facilities.

someone's gonna get paid.

but seriously guys.

what is a shitbin? is it like a euphemism for toilet? aren't euphemisms supposed to be less crass? or are there actually bins that people shit in? is it a british thing?

Thread Started by TOMBRIT

Fuck you.

Bear had what, a $20B cap last year. Wowzers.

I'd be surprised if Lehman went tits up but the thing those fucking quants and Greenspan never seem to want to account for is the emotion involved in securities. They can't do it so they avoid it, and if Lehman goes down in the short term, it's gonna be for emotional reasons and model driven. This whole fucking thing reeks of LTCM all over again.

is it a british thing?

No.

I always thought it was like 'sin bin' but, you know, worse?

I never heard of it before this thread

So people are expecting a full 1% cut today? Is that priced in? Does this mean if they pull a surprise and cut by only 0.5% (only!) that it could arrest the dollars fall, momentarily? 1% seems like full panic but that seems to be what is on the cards

interesting that the pound is just about the only currency not rising against the dollar

although not surprising

It is rising, it's up a whole cent since this morning!

why the charts so rosy?

free money on its way? lot of volatility, seems everytime there is a big drop theres a rally later till the next dose of bad news and subsequent drop

all short term noise surely

there was a pretty good article about the state of the dollar in the NYTimes this weekend. Interest rate cuts logically won't stop the fall of the dollar because it'll just encourage investors to buy other currencies to get a better return on their investment.

well sure rate cuts will increase fall of dollar, but i mean if 1% is priced in and then it ended up only being 0.5% it could have a 'less negative impact' on the dollar, but a worse effect on markets as they want their crack hit of free money?

75 basis point cut to 2 1/4

limbo limbo limbo

Things are getting very weird very fast -- and will probably get even weirder, faster, as the train wreck of bad debt meets the Saint Paddy's Day Parade of bacchanalian excess at the grade-crossing of destiny. The train is carrying America's financial system, but the engine driving it is peak oil, because declining energy resources necessarily means declining capital wealth -- and declining value of all the institutions, instruments, and markers that denote that wealth or hope to profit by trading in it. The fiasco leads straight to the necessary reinvention of American life on other terms and by other means.

Yes looks like they are trying to walk the tightrope here...(shows how crazy things are that a 0.75% cut can be considered that way)

let's all hope China keeps buying dollars.

are we in negative interest rate territory yet?

we should all be keeping our savings under our mattresses.

mattresses generate back pay! should I submit this to Readers Digest y/n?

omg did anyone else see jim kramer yesterday - raaaaare form - shit was apocalyptic

it should be the caption of a New Yorker cartoon. xp

Cramer can kiss my ass.

jim cramer has been pretty amusing lately.

"Bear Stearns is gonna be fiiiiiiine!"

cramer can roll his bald head around my exponentially descending ball sack

why is your ball sack descending, burt_stanton?

i don't know :[

http://www.guardian.co.uk/commentisfree/2008/mar/16/creditcrunch.useconomy

http://image.guardian.co.uk/sys-images/Guardian/Pix/steve_bell/2008/03/18/BEARMARKET512.jpg

^ exponentially descending

oh just STFU already

the money quote:

``He sounds like Herbert Hoover in 1930,'' said Bruce Bartlett, who served as a Treasury Department economist under President George H.W. Bush.

A persuasive argument for increasing regulatory capital requirements on banks (written last November but still relevant):

Why banking remains an accident waiting to happen

It's like the executive tells young J.R. in the Gaddis novel - "Make other people's money work for you."

is anyone calling for capital controls yet? :p

Hey so maybe this is working for a minute anyway?

Shit is rallyin.

Rally, pah

Shit Dead Cat Bounced.

http://image.guardian.co.uk/sys-images/Guardian/Pix/steve_bell/2008/03/19/DOWNCLIMB512.jpg

Bounced? Dead cat is down so far today.

The Subprime Primer