The insane gap between the rich and the poor is only getting worse and it's accelerating now.

It will change soon...Remember this scene

YouTube - Gangs of New York (11/12) Movie CLIP - The Draft Riots (2002) HD

What happens if the 10 year and the 2 year cross?

This Week:
A Brief Primer on the European Crisis
Europe has repeatedly been successful at addressing its recurring liquidity crises with the help of other central banks, but it’s still an open question whether they can durably solve the solvency crisis without more disruption and more restructuring of both government debt and troubled banks. In my view, the hope for an easy solution is misplaced, and the likelihood of recurring disruptions from Europe will remain high.
By John P. Hussman, Ph.D.
President, Hussman Investment Trust

...Wouldn't it be nice if insolvency could actually be addressed by more liquidity...? Or would it?....

Comrade Kristina wrote:

Just a hiccup, I'm sure.

Much more austerity and squeezing of the sub-muppet class serfs will fixie it 4 sure!

Here is some deep financial advice.

Get a pre-nuptial:

Dating Site Paints Picture of Cheating Husbands in Survey | NBC 6 Miami

9,000,000 subscribers in the US alone.

Shill wrote
Funny thing Barley its not allowed in our mandate either and yet I read stories of downed DRONES in our own back yards.

indeed...the Wapo had a fairly hilarious explanation of the round trip that one made through the echo chamber
of course to your true um, patriot, that's just more proof that it's true....

Funny how the Greek election became some sort of test of whether the Euro was saved or not. Who wants to give odds that we will even get a government in Greece after this election?

shill wrote:

So its either print or fail at this point..

Print and fail.

you mean, Europe is still a problem?

Print and fail.

But we get to see just how far down the road they can kick the in this era of digital currency.

I'm betting it's a lot further than most of us think.

Mike in Long Island wrote:

I'm betting it's a lot further than most of us think.

Someday, even mp will figure that out.

MP would reply that the 10 year is at 1.57 .

Supreme court ruling won't stop push to control health costs

http://www.usatoday.com/money/industries/health/story/2012-06-16/health-care-costs-supreme-court-decision-awaited/55627940/1

Don't Expect QE3... Yet - Seeking Alpha

Outsider wrote:

Capitulation - a sign it's now near

"X" Near, for some values of X.

Based on bond rates it looks like Greece is once again baling out... and into US bonds.

In other news... bragging rights with a 19 minute 2 second finish in a 5k race this weekend. It's a good thing I can run since it's pretty hard to walk today.

The problem is not the currency, it's the balance of trade. You can't keep on sending big money to the small populations of the oil emirates. Not enough consumption--everything else is just symptoms.

The Lorax wrote:

it's pretty hard to walk today

"That's what Greece said"

FT Alphaville » Dollar stats du jour

From Rabobank’s weekly dive into FX market positioning courtesy of the CFTC’s latest commitment of traders report:

USD longs have jumped to their highest levels not only for the year but since before our records started in 1999 as safe haven demand builds on the back of the EMU crisis and wider concerns regarding the global growth outlook.

A factoid which stacks up as follows when compared to the performance of the US Dollar Index:

....

Looks as if the Bush Administration picked the wrong Middle Eastern dictator to eliminate:

Syrian forces pound cities; Russia readies marines - Yahoo! News

results of the 17 June 2012 elections | Athens News
::
My understanding is, "forming a government" refers to first, agreement of one or more parties ("coalition") to divide cabinet appointments by a PM, who will be elected from among the majority of MP seated and represented by the coalition. The nominee(s) may or may not be agreed at the time the coalition is formed by party "leaders."
::
NB. PASOK is the incumbent "socialist" party of Papandreou, Papademos, and Venizelos (PM pro temp) that negotiated the troika stuctural adjustment program (SAP), or memoranda of understanding, for each of the two previous "bailouts". PASOK lost seats from 6 May, which lost the party majority viz last general election.
::
Accept face value of British media analysis of Greek politics (paliamentary and electoral) at your own peril.

Outsider wrote:

Well, bartering isn't all it's cracked up to be.

I am not opposed to currency, just those not referenced to the physical world.

Here's the visualization:

Spain 10 year 

Outsider wrote:

Surely you don't mean In glod we trust

correct

I always thought mica would be good - plentiful, shiny, and there happens to be a lot of it in my backyard.

Maybe you mean a gold-backed currency. I don't think there's enough of the actual physical for us all to divvy up.

1.56

Outsider wrote:

I always thought mica would be good - plentiful, shiny,

energy units would make more sense.

World markets: Asia, Europe mixed on Greece vote - Jun. 17, 2012

Is it just me, or does it look like that market is flipping us off?

Is it just me, or does it look like that market is flipping us off?

Nope, just trying to separate you from your money.

Rob Dawg wrote:

Excellent. Another another deadline. And another after that.

They've been running out of money every next month since November. I don't know how they do it.

Sebastian

Sebastian wrote:

I don't know how they do it.

Sebastian

just click your heels together and say "There's nothing a bank can't do."

There is only one Gang of NY : the NY Fed. They are ruthless killers.

The Lorax wrote:

In other news... bragging rights with a 19 minute 2 second finish in a 5k race this weekend.

You rock. It has been a long goddamn time since I could do 6 min miles. Kudos.

EDIT: And pretty good time considering The Lorax has pretty stubby legs as I remember him.

I'd sure like 30 year mortgage rates to drop in the 2,0 range.

sorry, dont see QE: fed will be fooled that low rates and cheap gas are stimulative (if history is a guide), and not see them as a result of low demand. they will await events in Europe, and more data (which is not worse really than last year, just not better). they might even point to green shoots in housing. they might tweak the language. i think a lot of the QE talk is more hope based; of course i certainly hope im wrong.

Mike in Long Island wrote:

Edit to add - the 1st place finisher in that 5k ran a 16:04..

I think the winner yesterday was an even EDIT 15:34... 5:01 pace!... I'll be lucky to shave half a minute off that time with another few years of training. But at least I'm in the right ballpark to qualify for Boston eventually.

Dammit! Slept in and missed the whole rally again!

I'll be lucky to shave half a minute off that time with another few years of training. But at least I'm in the right ballpark to qualify for Boston eventually.

All I can say is wow - both to you and the guy/gal that ran the 15:34 race.

Outsider wrote:

Oh, why are there so many math nerds on this blog??

∑HCN AS $ ≧ ∞ ∪ ⊈

I feel

I hate to say it, but this is a great post. I think it's Mark Grant's (in entirety?).

And On With The Great Game | ZeroHedge

Someday, this war's gonna start.

NAHB Builder Confidence increases slightly in June, Highest since May 2007

Just so long as I am not short oil when it does.

Falling oil prices give a better chance to it than most, because of the immense pressures of rolling out the dole in most of the middle east.

No dole, no peace.

But hey, look at our insanity, thinking the rich can really be all that rich when there is no one to buy their riches at par. Suckerz.

Almost time to head off to the salt mines.

Think deeper folks, because as this goes outta control it is going to end up making a lot more changes.

Stability will come to the children, because they will prize it and repress those who get out of line.

These years are proof that control is gone, and we are living in reactive mode, rather than active mode.

Someday this war's gonna end...

re: "Have you heard anything from Tsirpas to indicate that he'd bargain for a cabinet office?"

Antonis Samaras headed to parliament, where he met with SYRIZA leader Alexis Tsipras at 2 pm and at 6 pm, he will talk with the leader of PASOK Evangelos Venizelos on the possibilities of forming a coalition government.

After the meeting, Alexis "Huey" Tsipras said that his party was "against the use of the term for communicative purposes" and that he supports the formation of a cabinet with New Democracy in the centre, as he "completely respects people's will." He noted that the period until 28 June, when the European summit will take place, is very important and said that SYRIZA will not hamper but will support any government actions relieving the austerity measures stated in the memorandum. SYRIZA leader rejected every opportunity to participate in the cabinet and even said that if his party received a mandate to form a government, it would not accept it.

Antonis Samaras promised a long-term cabinet

what a pity.