Rick Santelli is knowledgable. Dennis Kneale is a fool. Kudlow is a clown.

[quote author="graphrix" date=1226067634][quote author="usctrojanman29" date=1226064061][quote author="PANDA" date=1226061740]Trojan,

Wow, you watch CNBC every day from 6am - 9am? That's pretty impressive.



Erin Burnett was telling Peter Schiff the other day that Gold has no intrinsic value.. I was scratching my head and saying, "What the ?????" "huh? I guess you can be a communications major and have zero knowledge of economics and still be an anchor on CNBC.</blockquote>
Yeah, I usually wake up around 6am and look to see if there are any trades to be made. They hire the cute girls from the Ivy League who look good on camera, but aren't necessarily economic gurus. <strong>The one prerequisite to being an anchor is that you have to be a stock market cheerleader.</strong></blockquote>


If the company you worked for made you sign an agreement to NEVER short a stock/bond/ETF etc., or buy/sell puts and calls, and all you could do is invest in mutual funds and not individual stocks, can you honestly tell me that you wouldn't be a market cheerleader? Hell yeah you would, your entire portfolio depends on the market going up. Just sayin...</blockquote>


Stop being bitter.

No need to demean the women on the show, just because you guys would have absolutely NO shot with any of them.

The producers of the Call and Squawk know exactly what they?re doing, it?s called ratings.

Trish, Melissa Francis, Erin, Michelle Caruso, Becky, Melissa Lee, and Maria B. make it happen on a daily basis and the primary reason why so many male viewers tune it to watch those programs.
 
Swiss financial guru Marc Faber tells swissinfo he sees hard times ahead for the world's stock exchanges and even state bankruptcy for the United States.



<a href="http://jessescrossroadscafe.blogspot.com/2008/11/marc-faber-sees-bankruptcy-for-us.html">Marc Faber</a>
 
We can not let you know what you have bought, because it is a secret.



<a href="http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKr.oY2YKc2g">Ruh-roh</a>
 
Will the government protect you from your own stupidity by confiscating your 401K and IRA?



<a href="http://www.carolinajournal.com/articles/display_story.html?id=5081">Carolina Journal</a>
 
[quote author="tenmagnet" date=1226105467][quote author="graphrix" date=1226067634][quote author="usctrojanman29" date=1226064061][quote author="PANDA" date=1226061740]Trojan,

Wow, you watch CNBC every day from 6am - 9am? That's pretty impressive.



Erin Burnett was telling Peter Schiff the other day that Gold has no intrinsic value.. I was scratching my head and saying, "What the ?????" "huh? I guess you can be a communications major and have zero knowledge of economics and still be an anchor on CNBC.</blockquote>
Yeah, I usually wake up around 6am and look to see if there are any trades to be made. They hire the cute girls from the Ivy League who look good on camera, but aren't necessarily economic gurus. <strong>The one prerequisite to being an anchor is that you have to be a stock market cheerleader.</strong></blockquote>


If the company you worked for made you sign an agreement to NEVER short a stock/bond/ETF etc., or buy/sell puts and calls, and all you could do is invest in mutual funds and not individual stocks, can you honestly tell me that you wouldn't be a market cheerleader? Hell yeah you would, your entire portfolio depends on the market going up. Just sayin...</blockquote>


Stop being bitter.

No need to demean the women on the show, just because you guys would have absolutely NO shot with any of them.

The producers of the Call and Squawk know exactly what they?re doing, it?s called ratings.

Trish, Melissa Francis, Erin, Michelle Caruso, Becky, Melissa Lee, and Maria B. make it happen on a daily basis and the primary reason why so many male viewers tune it to watch those programs.</blockquote>


Are you kidding Ten? Once Trish, Melissa, Erin, Michelle, and Becky sees the beautiful Pecks and Korean curves of the K-Panda, they are going to completely melt.



<img src="http://yeinjee.com/asianpop/wp-content/uploads/2007/08/korean-kwon-sang-woo-01.jpg" alt="" />
 
<a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=augL9_cumtA4&refer=home">China stimulus</a>



So, where do ya think China's central bank is goin' ta get $586 bil?
 
[quote author="awgee" date=1226320579]<a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=augL9_cumtA4&refer=home">China stimulus</a>



So, where do ya think China's central bank is goin' ta get $586 bil?</blockquote>


Dude... that is easy. Panda will bank roll it from his gold holdings. You know how Panda rolls, it's all about the bullion bling yo...
 
[quote author="awgee" date=1226320579]<a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=augL9_cumtA4&refer=home">China stimulus</a>



So, where do ya think China's central bank is goin' ta get $586 bil?</blockquote>
They'll turn on their printing presses just like the US...I mean, they got their currency pegged to ours. haha
 
[quote author="usctrojanman29" date=1226327426][quote author="awgee" date=1226320579]<a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=augL9_cumtA4&refer=home">China stimulus</a>



So, where do ya think China's central bank is goin' ta get $586 bil?</blockquote>
They'll turn on their printing presses just like the US...I mean, they got their currency pegged to ours. haha</blockquote>


Umm-m-m, they do not have to print. All they have to do is spend some of the $2 tril they have in foreign currency reserves, $1 tril of which is US treasurys. When the latest TIC comes out, I will post it. My guess is that we will see that China has already stopped buying US Treasurys. What does the currency peg have to do with where they get money from?
 
<a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=a__sWuaTWZXw&refer=home">AIG</a>



So where is the US Treasury or the Federal Reserve going to get the money to pay for this?
 
[quote author="awgee" date=1226358926]<a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=a__sWuaTWZXw&refer=home">AIG</a>



So where is the US Treasury or the Federal Reserve going to get the money to pay for this?</blockquote>


TARP.



<a href="http://www.forextv.com/Forex/News/ShowStoryCEP.jsp?seq=159188">http://www.forextv.com/Forex/News/ShowStoryCEP.jsp?seq=159188</a>



These CDS's are going to be the death of us all, aren't they?
 
[quote author="no_vaseline" date=1226361470][quote author="awgee" date=1226358926]<a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=a__sWuaTWZXw&refer=home">AIG</a>



So where is the US Treasury or the Federal Reserve going to get the money to pay for this?</blockquote>


TARP.



<a href="http://www.forextv.com/Forex/News/ShowStoryCEP.jsp?seq=159188">http://www.forextv.com/Forex/News/ShowStoryCEP.jsp?seq=159188</a>



These CDS's are going to be the death of us all, aren't they?</blockquote>


My take is that the gov and the Fed will do everything they can, (print money), in order to prevent a collapse in the CDS market. This will spread the cost to the taxpayers in the form of currency devaluation, (price inflation), instead of on the financial institutions which initiated and currently hold the CDSs; witness AIG.
 
[quote author="awgee" date=1226370709][quote author="no_vaseline" date=1226361470][quote author="awgee" date=1226358926]<a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=a__sWuaTWZXw&refer=home">AIG</a>



So where is the US Treasury or the Federal Reserve going to get the money to pay for this?</blockquote>


TARP.



<a href="http://www.forextv.com/Forex/News/ShowStoryCEP.jsp?seq=159188">http://www.forextv.com/Forex/News/ShowStoryCEP.jsp?seq=159188</a>



These CDS's are going to be the death of us all, aren't they?</blockquote>


My take is that the gov and the Fed will do everything they can, (print money), in order to prevent a collapse in the CDS market. This will spread the cost to the taxpayers in the form of currency devaluation, (price inflation), instead of on the financial institutions which initiated and currently hold the CDSs; witness AIG.</blockquote>
I wonder if a true blow up in the CDS world would send us back into the stone age. I mean, how many other firms besides AIG would go belly up if things were left to implode?
 
[quote author="usctrojanman29" date=1226371032][quote author="awgee" date=1226370709][quote author="no_vaseline" date=1226361470][quote author="awgee" date=1226358926]<a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=a__sWuaTWZXw&refer=home">AIG</a>



So where is the US Treasury or the Federal Reserve going to get the money to pay for this?</blockquote>


TARP.



<a href="http://www.forextv.com/Forex/News/ShowStoryCEP.jsp?seq=159188">http://www.forextv.com/Forex/News/ShowStoryCEP.jsp?seq=159188</a>



These CDS's are going to be the death of us all, aren't they?</blockquote>


My take is that the gov and the Fed will do everything they can, (print money), in order to prevent a collapse in the CDS market. This will spread the cost to the taxpayers in the form of currency devaluation, (price inflation), instead of on the financial institutions which initiated and currently hold the CDSs; witness AIG.</blockquote>
I wonder if a true blow up in the CDS world would send us back into the stone age. I mean, how many other firms besides AIG would go belly up if things were left to implode?</blockquote>


JP Morgan, BofA, Wells Fargo, Deutche Bank, UBS, RBS, etc. plus 50% of all hedge funds, 50% of all pensions, many insurance companies, and a few sovereign wealth funds.



We will not go back to the stone age under any circumstances.
 
<a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aLx_ufXAnIqE">Treasury to borrow</a>



Ahh-h-h, so what? Those guys at the Fed and the Treasury will fix this. Right? After all, they are real smart and know how to fix this. Right? I mean, they are so smart they saw this coming and did everything to prevent it. Right?



Oh no, wait. Those are the guys who created this mess. Well, if they created it, they must know how to fix it. I don't need to think about it or prepare for it.
 
[quote author="awgee" date=1226388545]<a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aLx_ufXAnIqE">Treasury to borrow</a>



Ahh-h-h, so what? Those guys at the Fed and the Treasury will fix this. Right? After all, they are real smart and know how to fix this. Right? I mean, they are so smart they saw this coming and did everything to prevent it. Right?



Oh no, wait. Those are the guys who created this mess. Well, if they created it, they must know how to fix it. I don't need to think about it or prepare for it.</blockquote>
The phrase "too smart for their own good" comes to mind.
 
[quote author="graphrix" date=1226067634][quote author="usctrojanman29" date=1226064061][quote author="PANDA" date=1226061740]Trojan,

Wow, you watch CNBC every day from 6am - 9am? That's pretty impressive.



Erin Burnett was telling Peter Schiff the other day that Gold has no intrinsic value.. I was scratching my head and saying, "What the ?????" "huh? I guess you can be a communications major and have zero knowledge of economics and still be an anchor on CNBC.</blockquote>
Yeah, I usually wake up around 6am and look to see if there are any trades to be made. They hire the cute girls from the Ivy League who look good on camera, but aren't necessarily economic gurus. <strong>The one prerequisite to being an anchor is that you have to be a stock market cheerleader.</strong></blockquote>


If the company you worked for made you sign an agreement to NEVER short a stock/bond/ETF etc., or buy/sell puts and calls, and all you could do is invest in mutual funds and not individual stocks, can you honestly tell me that you wouldn't be a market cheerleader? Hell yeah you would, your entire portfolio depends on the market going up. Just sayin...</blockquote>


I work in the industry and I can sell covered calls. I can invest in individual stocks, as long as it's not particular firms my part of the company deals with. No day trading. Minimum holding periods for various types of investments.



I haven't been a market cheerleader. In fact, my perception is that there is more incentive to get people to trade, or invest in general, than there is to try to convince people that everything will go up over time. There are plenty of investments besides stocks and bonds.
 
[quote author="awgee" date=1226372443][quote author="usctrojanman29" date=1226371032][quote author="awgee" date=1226370709][quote author="no_vaseline" date=1226361470][quote author="awgee" date=1226358926]<a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=a__sWuaTWZXw&refer=home">AIG</a>



So where is the US Treasury or the Federal Reserve going to get the money to pay for this?</blockquote>


TARP.



<a href="http://www.forextv.com/Forex/News/ShowStoryCEP.jsp?seq=159188">http://www.forextv.com/Forex/News/ShowStoryCEP.jsp?seq=159188</a>



These CDS's are going to be the death of us all, aren't they?</blockquote>


My take is that the gov and the Fed will do everything they can, (print money), in order to prevent a collapse in the CDS market. This will spread the cost to the taxpayers in the form of currency devaluation, (price inflation), instead of on the financial institutions which initiated and currently hold the CDSs; witness AIG.</blockquote>
I wonder if a true blow up in the CDS world would send us back into the stone age. I mean, how many other firms besides AIG would go belly up if things were left to implode?</blockquote>


JP Morgan, BofA, Wells Fargo, Deutche Bank, UBS, RBS, etc. plus 50% of all hedge funds, 50% of all pensions, many insurance companies, and a few sovereign wealth funds.



We will not go back to the stone age under any circumstances.</blockquote>


Most pension funds should not be on that list at all. Many don't do CDS at all. Others only use them to hedge.
 
[quote author="MalibuRenter" date=1226467093][quote author="awgee" date=1226372443][quote author="usctrojanman29" date=1226371032][quote author="awgee" date=1226370709][quote author="no_vaseline" date=1226361470][quote author="awgee" date=1226358926]<a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=a__sWuaTWZXw&refer=home">AIG</a>



So where is the US Treasury or the Federal Reserve going to get the money to pay for this?</blockquote>


TARP.



<a href="http://www.forextv.com/Forex/News/ShowStoryCEP.jsp?seq=159188">http://www.forextv.com/Forex/News/ShowStoryCEP.jsp?seq=159188</a>



These CDS's are going to be the death of us all, aren't they?</blockquote>


My take is that the gov and the Fed will do everything they can, (print money), in order to prevent a collapse in the CDS market. This will spread the cost to the taxpayers in the form of currency devaluation, (price inflation), instead of on the financial institutions which initiated and currently hold the CDSs; witness AIG.</blockquote>
I wonder if a true blow up in the CDS world would send us back into the stone age. I mean, how many other firms besides AIG would go belly up if things were left to implode?</blockquote>


JP Morgan, BofA, Wells Fargo, Deutche Bank, UBS, RBS, etc. plus 50% of all hedge funds, 50% of all pensions, many insurance companies, and a few sovereign wealth funds.



We will not go back to the stone age under any circumstances.</blockquote>


Most pension funds should not be on that list at all. Many don't do CDS at all. Others only use them to hedge.</blockquote>Many pension funds have invested in hedge funds and other financial institutions which have CDS risk. If you use and insurance policy as a hedge and the time comes for the insurance company to pay up and they can't, your hedge can put you in a bad, bad position, and maybe even bk you.
 
You must log in or register to reply here.
Back
Top