Heh Lookie Over Here: Bloomberg [Ticker]

Detailed market commentary at The Market Ticker and Ticker Classics (The Year 2009 In Review)
Seeing huge swings in your account value? On margin? Read my "Come to Jesus" Ticker? If not, please do. Click here.
BlogTalkRadio - Mondays at 3:30 Central - Yes, TickerGuy has a radio show (kinda)
See The Federationists on their new web site and forum.
Donate to obtain GOLD ACCESS for enhanced privileges. Interested in T-Shirts, caps and coffee mugs? Click here.

RSS available

MarketTicker Forums Read Message in Ticker

User: Not logged on

Showing Page 1 of 2

First

Last

User Info

Heh Lookie Over Here: Bloomberg in forum [Ticker]

Genesis
Posts: 71421
Incept: 2007-06-26

KD^2

http://market-ticker.org/archives/1328-H....

----------
"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me

2009-08-13 09:35:43
Permalink

Captbill
Posts: 485
Incept: 2008-07-22

Arizona's West Coast

Pat-on-the-back-there KD!

2009-08-13 09:43:41
Permalink

Markytom
Posts: 217
Incept: 2009-02-19

Yesterday Elizabeth Warren said the banks are lying about their assets. Also said that Paulson should have let all the banks fail last year - it would have been painful but we would be better off today. Good stuff - and it was on MSNBC.

http://www.zerohedge.com/article/elizabe....

2009-08-13 09:48:58
Permalink

Taint
Posts: 165
Incept: 2008-12-24
texas

There are two fair values. Real fair value and "hard to measure" fair value. One is a footnoted and one is 'booked'. Not a banking guy but my understanding is that 'booked' fair value gets some add backs on liquidity (hence hard to measure). Special dispensation for banksters via Bankgress - who in turn pressured FASB to change the rules.

In my view, the 107 value is real...why not take the opportunity to short any of these where the difference indicates insolvency?

About 600 asshats should be awarded for this tampering.

2009-08-13 09:58:33
Permalink

Killersdad
Posts: 351
Incept: 2008-03-27

upstate NY

Holy ****!

Whatch out for the CRE boom.

In her own words Deustche bank estimates 50-60 percent default rates on CRE coming in 2010, 2011 and 2012.

Holy ****, hold on to your hats.

What is a good way to play this?

Thanks for the ticker Karl.

----------
They just traded all of America to save a few greedy bastards on Wall Street.
Coolhandluke
It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Andrew Jackson

2009-08-13 10:23:18
Permalink

Otiswild
Posts: 1341
Incept: 2009-03-09

Teegeeack

I like her comments at the end most (paraphrase): To Paulson, TEOTWAWKI was looming, but his world was that of large TBTF dinosaurs... TEOTWAWKI for dinosaurs ended up working pretty well for the mammals.. Who knows if the mammals (aka working families and small biz) would have done well feasting off the dino carcasses? Perhaps we will yet find out when all the handwaving and fake money collapses?

----------
It appears that the yard wolves has grown up. Are we finally finished with the colds dead winters?

2009-08-13 10:36:19
Permalink

Soros
Posts: 1768
Incept: 2007-08-31
canada

at the bottom of this ticker is a list of "followers" with small icons.... is this a new feature or maybe adblock is messing up? Guess I never thought about turning ad-block off for Karl's site.. which I just did.

[edit: it's gone now and replaced with the video of Elizabeth Warren... guess something screwy happened in my browser.]

----------
Hey, man, you don't talk to the Bernanke. You listen to him. The man's enlarged my mind. He's a poet warrior in the classic sense. I mean sometimes he'll... uh... well, you'll say "hello" to him, right? And he'll just walk right by you. He won't even notice you.

Last modified: 2009-08-13 10:42:52 by soros

2009-08-13 10:40:36
Permalink

Patriarch
Posts: 566
Incept: 2007-10-18
inside, usually

"toxic assets"
Toxic Assets
F'ing TOXIC ASSETS!
When are people going to start calling them (T.A.'s) what they are - REAL LIABILITIES!

You go, Elizabeth Warren. I want to see more of you out there.
You too, KD.

----------
Our elected take an oath to serve. Time to add: �I will not serve in a capacity which I am not able to comprehend or am incapable of by mental defect of any kind, nor will I use the excuse of intellective deficiency if found in violation of this oath/affirmation�, which backs charging wayward politicians with treason.

2009-08-13 10:48:15
Permalink

Ptoemmes
Posts: 79
Incept: 2009-04-13

Perhaps not the best thread to post this to, but links originated from ZH.

Got ammo?

http://www.chrismartenson.com/blog/revol....

http://www.marketwatch.com/story/the-nex....

Pete

2009-08-13 11:04:34
Permalink

Thumpher
Posts: 20
Incept: 2009-06-04
Gainesville, Fl

Okay...the Bloomberg article 'confirms' something I was trying to explain to some family members a couple of months ago. I'm a macro financial neophyte, having only starting following KD since April '09, and previouly paid attention only to the DOW for evidence of our country's financial health. Silly me. So using the Bloomberg article and tying it together with my at-best amateur understanding of everyting, I wrote the following to my skeptical family members.

Quote:

I'm no financial guru...but the amateur nutshell analysis seems to me to be:

1. Banks are currently overloaded with residential and commercial loans that are in or near default.

2. Many of the loans are for far more than the current value of the property. (because these loans were made at the height of the bubble, and because the value of the property the loans were made for has since plummeted)

3. Foreclosures have been suppressed because foreclosing requires the bank to put the losses (due to #2 above) on their books...that is, OUT IN THE OPEN.

4. Too many foreclosures would leave banks with next to no assets (re. the Bloomberg article).

THIS IS THE CRUX OF THE ECONOMIC PROBLEMS WE'RE NOW FACING.

The other factor is that consumers (because of job losses, fear of potential job losses (that includes me), and dawning recognition of their staggering debt load) have drastically reduced spending. Remember that:

a) consumer spending is 70% of the GDP

b) recall the graph I sent a few weeks ago...consumer spending has been for the last 20 years WAY ahead of income...making it largely DEBT spending.

So, in order for the current economic recovery that these bozos like Krugman are touting to be TRULY occurring, two things must happen:

1. Real estate prices must rise again to near bubble levels so that foreclosed properties won't incur too much of a loss on the banks.

2. Consumers must RESUME their debt spending.

Since we know both these things to be largely unsustainable and financially irresponsible...why are these people encouraging it as a good thing?

I know it just skims the surface...but is my perhaps wince-inducing analysis fundamentally wrong in any way?
When I read the Ticker many things make sense to me...but I'm not yet at the point where I feel confident enought to bring it up in normal conversation. I'm working on it, though.

Thanks.

2009-08-13 11:06:24
Permalink

Pojo
Posts: 34
Incept: 2009-08-05

Why isn't Paulson in jail? Or worse...?
$350 billion for toxic assets and none f it was used for that?
WTF?
I'm going to get chuck norris to round-house kick him in the balls....

2009-08-13 11:09:15
Permalink

Bezzle
Posts: 3851
Incept: 2009-08-02

Moonbat Patrol
Online

So she's the media darling of the day, talking about dead banks?

J6P investors sees it, shorts banks.

Jam-job banks on tape, squeezing J6P out for a loss.

Rinse, recycle, repeat, ad-nauseum; it's the standard pump/dump/short/distort playbook here.

....next time they call you up and say they need you for an interview for a doom & gloom viewpoint, I'm going long. At least for that day.

----------
Why would you try to stop this? A bond-market dislocation puts an instant stop to all the bull****. It is the only limiting factor left in this interventionist madness. It is an almost holy event. -- Christian Gustafson

2009-08-13 11:11:07
Permalink

Dji
Posts: 720
Incept: 2009-04-21

Fleming Island

How is this not FRAUD?
Gov. OK's this BS ?
TARP really needed to be 6 trillion to remove the Toxic ****?
So we will just give billions to the BOYZ and they can trade this market to the moon, have I missed anything here?

----------
What goes up Must come Down- Alan Parsons Project
THE TRUTH HURTS! -Dji

2009-08-13 11:29:49
Permalink

Fidgit
Posts: 14065
Incept: 2008-02-18

AllyBammy

If "J6P investor" is still playing in this market, they deserve what they get.

But you're right, Bezzle...folks need to quit speaking the truth, gosh darn it!

----------
I say it's spinach, and I say the hell with it.

Last modified: 2009-08-13 11:32:49 by fidgit

2009-08-13 11:32:08
Permalink

Flaps10
Posts: 121
Incept: 2008-10-17

seattle

Thumper,

Many of the banks would be worth far less than nothing, got TARP to fill the gaping hole but used it to buy more shovels and pay themselves more bonuses while leaving your unborn grandchildren in debt.

More recently they've used the rigged stock exchange system to pump stocks up 35% with no logical/visible/sustainable reasoning to reap huge profits and pay themselves billions in bonuses.

[image]skittle crapping unicorn [/image]

----------
"Among the many misdeeds of the British rule in India, history will look upon the Act depriving a whole nation of arms as the blackest." -Ghandi

2009-08-13 11:34:12
Permalink

Bezzle
Posts: 3851
Incept: 2009-08-02

Moonbat Patrol
Online

Fidgit wrote..

If "J6P investor" is still playing in this market, they deserve what they get.

How does this logic work, where people deserve to be swindled? I see it all the time, and it makes no sense to me at all.

Quote:

But you're right, Bezzle...folks need to quit speaking the truth, gosh darn it

Knowing what's true is important, but at what time you learn it is even more important. When the only time the media permits the truth to appear is when they intend to jam the audience who acts upon it, it's best to fade it.

When they brought Karl on a couple weeks ago, they knew exactly what he was going to say, timed the date of his appearance carefully....and look what the markets did. Jam-job with the fake-out head & shoulders. They set him up to appear the fool. He'll be right later, but he wasn't right then, and that's all it takes to put a smoking hole in a retail investor's account.

Stop thinking like honest businessmen and start thinking like thieves. Then the interpay of media activity and market performance begins to make sense.

2009-08-13 11:53:48
Permalink

Coolhandluke
Posts: 5637
Incept: 2007-12-19

Out of the box

fromthevideo wrote..

So we're lying to ourselves...

No ****, what took you so long???

----------
It's not that I'm lazy, I just don't give a **** anymore.

2009-08-13 11:55:30
Permalink

Hunt2alaska
Posts: 20
Incept: 2009-03-16
Dallas, TX

Here's the mess we are in, explained (YOU'LL LIKE THIS) http://tinyurl.com/putjz4

2009-08-13 12:01:36
Permalink

Fidgit
Posts: 14065
Incept: 2008-02-18

AllyBammy

Quote:

How does this logic work, where people deserve to be swindled?

People deserve to be swindled if they indulge in willful ignorance. Go back thru the numerous threads on TF where folks here tried to warn friends/relatives about the economy, about this market, etc., and were ignored or shunned.

There's LOTS of info out there for those who have eyes to see/ears to hear, and anyone who "invests" without doing their due diligence deserves what they get.

And I disagree...I think truth needs to be spoken all the time, not some magical moment when "the time is right"...

----------
I say it's spinach, and I say the hell with it.

2009-08-13 12:03:20
Permalink

Otiswild
Posts: 1341
Incept: 2009-03-09

Teegeeack

Quote:

How does this logic work, where people deserve to be swindled? I see it all the time, and it makes no sense to me at all.

Caveat Emptor is the motto we stand behind!

----------
It appears that the yard wolves has grown up. Are we finally finished with the colds dead winters?

2009-08-13 12:18:39
Permalink

Phantomace
Posts: 2184
Incept: 2009-03-16

Las Vegas, NV, and your screen

Otis:
Classic.

----------
"That was a little trick I call math. Oops, now I'm not emotionally invested..." - Dilbert
The only good thing I have to say about Barney Frank is at least he's not breeding...

2009-08-13 12:20:54
Permalink

Bezzle
Posts: 3851
Incept: 2009-08-02

Moonbat Patrol
Online

Fidgit wrote..

People deserve to be swindled if they indulge in willful ignorance.

You're moving your goalposts. Before, your goalpost was "J6P investors still in the market".

If an investor shorted banks this morning when Warren's interview aired, they probably did so at the bottom of the v-notch, and now have the Chrysler building poking out their left nostril.

Bezzle's patented jab-job playbook: Start pumping an "unknown hero" on the internet. Then give them their "big day" on a major talk show. Jam the market 180 reverse the hero's advice after the audience fish are in the net. Example: Karl was on Kneal's show twice, both times on a day the market set an indecisive doji. The next day was a monster green candle.

Last modified: 2009-08-13 12:30:13 by bezzle

2009-08-13 12:27:03
Permalink

Fidgit
Posts: 14065
Incept: 2008-02-18

AllyBammy

Okay, then how's this: "J6P invester" shouldn't be in the market. As Karl has said, "investors" needed to be out of this market at the end of '07. Only traders should be in now, and even that's questionable now.

If "J6P investor" is still in the market at this point, "J6P investor" is indulging in willful ignorance, and deserve what they get.

----------
I say it's spinach, and I say the hell with it.

2009-08-13 12:30:21
Permalink

Bezzle
Posts: 3851
Incept: 2009-08-02

Moonbat Patrol
Online

Are you in the market?

From the perspective of Goldman-Sachs, everybody on this board is J6P.

2009-08-13 12:31:58
Permalink

Fidgit
Posts: 14065
Incept: 2008-02-18

AllyBammy

Got out of the market Fall '07.

----------
I say it's spinach, and I say the hell with it.

2009-08-13 12:32:28
Permalink

Showing Page 1 of 2

First

Last