Tanta, what stocks should I short today?

(sorry)

All this talk of liquidity and lubricants... and this used to be such a family friendly blog...

Funny story,

Went to a domestic violence incident, where a husband just told his wife they are losing the house. He was in a $70,000 Cadillac Escalade he just bought, and he's busy racking up the credit cards, since he is losing his house and his credit, he's gonna ride it for all it's worth. He had a wad of cash from cash-advance credit card and was heading to vegas. (She didn't want the kids to go and called the cops.)

I don't need to watch market tickers anymore - whenever the visitor count at CR goes over 300 I know something is going DOWn!

And those 'wicked credit crunches' - aren't they the ones who cackle "And your little dog too, my pretty!"

we had IOUs before we had currency that and coercion. Can't have IOUs without the tthreat of retaliation - been around a lot longer than shiny metal.

Plus, on the venison thing, some parts of the country never gave up shining deer... you see lotsa spot lights on trucks around here. And these folks aren't part of the sheriff's posse... though the sheriff & local game warden likely get a 'cut'... if you know what I mean.

The Crimson Permanent Assurance!

I wondered about that building sailing up 6th Avenue this morning.

Mrs. Gary is from the Boston area, and she is wicked cool.

2002 - 2005 - the fuel was uber-easy monetary policy.
2005 - Q2/07 - the fuel was unusually low volatility, and a nice trend of steadily increasing profits, that allowed the financial world to over-reach and continue to provide the virtually unlimited credit central banks had been pumping into the system.
Now the whole edifice is out of fuel, and plunging back to earth from the stratosphere. The question to answer now is how big a crater will it leave?

LOL! bacon dreamz is pumpin pork bellies.

Kudos also for rcryan's paracylismic prose...

I thought a pall was one of those little clickers on a ratchet that kept it from going the wrong way. As in "we had to engage the pall on your money market fund this morning, to avoid panic withdrawals."

As this is a g-rated blog (although I think the rating has been slipping a bit lately), enuff said about panic withdrawals...

A pall is what the state of the economy does to ya, I'm appalled anyway!

In my haughtier moments I've been known to partake of fancy drinks such as a Pall Mall. And what a waste of good gin it would be to cast said Pall.

I also know someone who smokes Pall Malls.

After that, my childhood memories of walking the dogma tell me that a "pall" is that which (respectfully, reverently, whichever you want) "erases" the material, physical body, which is now dust, so that the congregation may meditate upon the eternal soul.

Tanta,

Maybe we are supposed to meditate on the real estate market's "eternal soul".. since its now officially dead, and the debt market is putting the pall over it?

So, is it time to throw caution to the winds and take some of the cash I placed in MM & CD's and buy that Aston-Martin I really want? After all, if that $$$ may not be there any more why not enjoy the ride down in style.

Puntino, whichever hills you decide upon you might want to bring Jack with you, as he may be stocked up on guns beans and rice.

Isnt it nice that the "loonies" willingly remove themselves from the scene?

gng,

While I'm not seriously suggesting people accumulate animal pelts, I did use the reference because animal pelts have been around forever.

I mean, if the civilized world ends.. we'll all have to go back to wearing animal pelts to stay warm.. like the cavemen. I mean, whoever heard of wearing a gold ingot to stay warm in the winter?

Sometimes I do miss the midwest, but...

Allen, let me fill in the rest:

...not really.

Plus if you're from the Midwest & know local meat lockers - you know they'll share their wife before they'll share their sausage recipe (or their 'honey hole'... that's a fishing spot for you not versed in ruralese). Sorry dude, can't help you there.

Average Joe, 'by glod' is for the history books. On top of that, where I come from 'glod' means mud.

You'd better hurry Puntino. They're already getting upity about their southern neighbors coming across the border to take advantage of the free medical treatment. The skiing is nice too.

McDude - uh, isn't it Deutsche Bank that hired him?

--
"what's the fuel?," you ask dear Tanta?

It begins with F and ends with D. That is, and has been, the main product of bankers and financiers of New York City. That should have been obvious to anyone who knows anything about the four-letter word that begins with D.

An expert on the D-word,

Jas

PS: So, Tanta, who do you think that the rating agencies worked for? The buyers of the bonds or the sellers?!

that van Cleave story - jeez ! she can easily do a reverse mortgage - how long does the old bat expect to live ?

The emergence of these stories at this hour and day is truly educational.

-K

Tanta, I recommend McDonald's Gift Certificates. And St. Pauli Girl.

oops, that last post should say "weeds" not "weeks"

Allen - I go through a couple places like that... one is New Ulm Minnesota, great sausage... plus they have a huge statue of Hermann the German. Good beer too - they brew Schell's there, the Pilsner is fabulous.

Beer, sausage and your giant Teutonic chieftain shrine - what could be more American than that? Well maybe a few failed banks too.

I am the worst spiller I have seen blogging. Eli makes a good point about money and pelts and some bad points. It is pretty hard to eat paper currency. It is even harder to eat binary electronic digits in someones computer that won't let you access them because their "fair value" is in dispute. Gold and silver are simply hoardable commodities that over a long period of time have been pretty good at keeping their value.

Gold and silver are simply hoardable commodities that over a long period of time have been pretty good at keeping their value.

An especially good value for those who take the shiny stuff away from them & dump the previous owners in the river... a most profitable enterprise indeed.

I used to drink with an ex-Luftwaffe pilot called Hermann the German. He had most of his face burned off when the engine of his Me-109 caught on fire. He had a permanent smile. Great guy.

I used to drink with an ex-Luftwaffe pilot called Hermann the German. He had most of his face burned off when the engine of his Me-109 caught on fire. He had a permanent smile. Great guy.

My first boss was an ex-Luftwaffe pilot AND a braumeister... plus he was 'technically' an American citizen fighting for the Germans... (turns out his father was German & worked for the German embassy in Chicago during Wiemar years, his mother American & he was born in Chicago... when his father was sacked by the Nazi's as part of the political purification he returned with the family to Prussia... learned to both fly and brew beer there... during the war he was conscripted but only allowed to fly over the eastern front (figured he might land & turn himself in if he flew over the west... not much chance of that over the USSR).

There are a gazillion human interest stories about those years. Most will be lost soon...

Tomorrow, 12999

Dow can within 29 points of dropping below 12,000.

Only 1000 points to drop for busting the 52week low.

Then and only then is it interesting.

I dunno, mentioning mattresses in the context of investments probably might induce nightmares among investment bankers worrying about one of their pier loans becoming the next "burning bed"

The problem with the Rockies is that cronic wasting disease is endemic in some parts.

Better off in Chile, the Peso will stay pretty solid due to copper and agriculture, it's pretty good value for money and great weather & skiing.

Alec- "Better off in Chile, the Peso will stay pretty solid due to copper and agriculture, it's pretty good value for money and great weather & skiing."

Yes, Chile is nice, particularly in the northeastern part of the country where there is a large population of German-speaking people who arrived there un-announced at the end of World War II.

You think I'm joking?

Sorry, that was an off-topic comment.

I am now looking at a cheesecake fresh from the oven and brown on top. It is still bubbling, contains over two pounds of cream cheese, and smells delicious. Tonight it will be covered in fresh raspberries, then sacrificed.

My son did an open water swim race over the weekend in Northern Wisconsin (a little over two miles in Lake Superior from Bayfield to Madeleine Island) and won it, beat approximately 50 some other swimmers. His prize was a large hand thrown ceramic pot made by an area artist filled with locally grown blueberries... My wife made fresh blueberry pie & we just finished the last piece today. OMG - heaven on earth.

Irony of all this was that the son who swam & won the race hates blueberries (Before we had him I didn't know that was possible). The rest of us on the other hand now have blue teeth & big smiles.

Enjoy the cheese cake.

There was an article in the paper about the vast amount of copper theft going on here. Plumbing businesses, construction sites, and sometimes just plain old buildings are getting stripped of tens of thousands $$ of copper.

That might be an asset to consider... kinda heavy but someone must want it.

--
Misean,

Generalizations are NOT to be taken personally and individually. They are characterization of collective behavior. Yes, Americans are born-and-bred dopes (“democracy is the best political system," etc.), grossly ignorant (of history, for example), and morally bankrupt (“ we are the good guys” and “America is a force for the good in the world” are the best proof of that). That is based on my observations and I could be wrong. But the idea that any born-and-bred American is right and I am wrong is nothing more than reflection of arrogance.

Can you handle the truth? America’s current leaders WILL make Nazi Germany and Stalinist Russia look good!

Jas