Recent comments by REBear

REBear wrote on Mon, 3/18/2013 - 6:04 am

Yeah the money pumping was required to maintain our label of being a consumer economy.

REBear wrote on Mon, 3/18/2013 - 6:00 am

As someone said before any move to bucket global reserve currency will be blocked by the developed world.

REBear wrote on Mon, 3/18/2013 - 5:56 am

Late 30s saw massive amounts of money being pumped into defense sector.

REBear wrote on Mon, 3/18/2013 - 5:51 am

I hope none of the rate chasers here went with Cyprus nanks

Mr Putin ... was among several Russian leaders to criticise the bailout, which came without consultation with Moscow and could cost Russian depositors up to €2bn ...

REBear wrote on Sun, 3/17/2013 - 10:15 pm

Its a chopper, baby
Falling Knife
Elmo!

REBear wrote on Sun, 3/17/2013 - 7:58 pm

What about the 'regulators' and policy makers? Smile

REBear wrote on Sun, 3/17/2013 - 7:42 pm

Do you see a pattern? Tinfoil Hat

REBear wrote on Sun, 3/17/2013 - 7:37 pm

The 10yr was above 2% for 2 long.

Long live the new housing bubble

REBear wrote on Sun, 3/17/2013 - 3:30 pm

15 hours is enough to turn around a 1% correction.

REBear wrote on Sun, 3/17/2013 - 2:50 pm

Guns in Cyprus: Facts, Figures and Firearm Law

36 out of 100. not that many.

REBear wrote on Sun, 3/17/2013 - 2:25 pm

Monoply - Greatest 'Recession' Edition

Jail is where you have to put your money in ZIRP account for two rounds.

REBear wrote on Sun, 3/17/2013 - 2:06 pm (in reply to...)

Special Purpose Entities/Special Purpose Vehicles

The latest avatar is called QE.

REBear wrote on Sun, 3/17/2013 - 1:44 pm

and they are guilty of defying global zirp ploicy..

REBear wrote on Sun, 3/17/2013 - 1:38 pm (in reply to...)

if it is one time event

If this was a one time event, they would have cut interest rates for an year or two.

REBear wrote on Sun, 3/17/2013 - 11:49 am

Any reaction from Putin on russian oligarchy talking a hit in Cyprus?

REBear wrote on Sat, 3/16/2013 - 8:08 pm

Anastasiades Seeks Cyprus Parliament Support for Deposit Losses - Businessweek

With his Disy party holding 20 seats in the 56-seat legislature, he needs at least nine more votes to secure approval and avoid the financial collapse of the region’s third- smallest economy.

“We faced decisions that had already been taken,”

He said the European Central Bank would stop providing liquidity to one of the country’s banks on March 19, leading to its collapse

>

They will shoot one hostage everyday.

REBear wrote on Sat, 3/16/2013 - 6:17 pm

Cyprus Bailout Risks Europe Bank Runs - Business Insider

Now, half of these depositors are said to be Russian oligarchs and other non-residents. And unless you happen to have the misfortune of having an account in a Cyprus bank

What do you think those other depositors in Spain, Italy, Greece, etc., are going to feel like doing when they realize that, if their banks ever need a bailout, they might have their deposits seized?

REBear wrote on Sat, 3/16/2013 - 5:49 pm

Is this what they mean by -ve interest rates

REBear wrote on Sat, 3/16/2013 - 2:59 pm (in reply to...)

Comment by picosec from thread 'Schedule for Week of March 17th'

Maybe if things work out just fine in cypress we can try it in America.

REBear wrote on Sat, 3/16/2013 - 2:23 pm

Cypress thing is good for US housing. Will drive rates even lower.

REBear wrote on Sat, 3/16/2013 - 2:18 pm

Detroit in NYC suburbs if the banks get broken up. Who is going to buy all those half million dollar plus homes bult in the 1930s?

Yesterday realtor sent a listing for a home built in 1780s.

REBear wrote on Mon, 3/11/2013 - 9:57 pm

Looks like they can.

They will lose this battle. Why not trade taxes for something they really want.

REBear wrote on Mon, 3/11/2013 - 9:38 pm

Ryan budget trims spending by $4.6 trillion - MarketWatch

"without raising taxes"

>

Can they be this dumb?

REBear wrote on Mon, 3/11/2013 - 9:24 pm

good luck. I've nothing to sell Tongue

REBear wrote on Mon, 3/11/2013 - 9:13 pm

i came net neutral or lost some money on my SRS/SKF/SCC trades. But it was fun. The most intersting time of my life outside family.

REBear wrote on Mon, 3/11/2013 - 9:04 pm (in reply to...)

When VIX goes up, I increasingly start eyeing the reverse VIX and shaking my moneymaker (that's my mouse).

yahoo has data all the way

VOLATILITYS&P500 Index Chart - Yahoo! Finance

REBear wrote on Mon, 3/11/2013 - 8:58 pm

VIX fear index well below pre-financial crisis levels - The Tell - MarketWatch

Its not like Ben who has already printed 3T will go nirvana overnight. Everyone seems to be happy with his work, so why stop?

VIX - dec 2004 ~ 10 all the way to 2006.
if vix starts trending up from 10 its a recession?

REBear wrote on Mon, 3/11/2013 - 4:43 pm

Austerity helps overcome global warming. Less you spend, less fossil fuel is burnt.
Wink

REBear wrote on Mon, 3/11/2013 - 1:18 pm

vix was close to 10 from end of 2004 through 2006

REBear wrote on Mon, 3/11/2013 - 10:57 am

As far as I am aware, driving 100 mph isn't normally a criminal offence.

Maybe but let's say i walk up to a police officer and ask him if he could escort me and my 20 other buddies doing 'death race' on the turnpike....he is not going to laugh it off and rightly so.

REBear wrote on Mon, 3/11/2013 - 10:40 am

State Troopers Lose Jobs Over 2012 Sports Car Death Race - Bloomberg

"Nadir Nassry, 47, a police officer for 26 years, agreed to forfeit his job, as did a second trooper, Joseph Ventrella, 29"

"he altered the license plates of his vehicle to avoid detection. "

"neither Jacobs nor any other drivers escorted by troopers would face criminal charges."

REBear wrote on Mon, 3/11/2013 - 10:06 am (in reply to...)

Graph: Compensation of Employees: Wages & Salary Accruals (WASCUR)/Gross Domestic Product, 1 Decimal (GDP) - FRED - St. Louis Fed 

It looks like downturn in wages after any wage recovery results in a recession.

REBear wrote on Mon, 3/11/2013 - 9:09 am (in reply to...)

why are they giving you the ticket?

They fine owner of the car.

REBear wrote on Mon, 3/11/2013 - 9:07 am (in reply to...)

barfly

otherwise it'll wind up on your driving record

The ticket was based on pictures taken by the traffic light cameras. They don't know who was driving so i don't get any points. Funny thing is the video evidence they posted on the thrid party website contradicts what they say on the ticket.

Third party website though says video cannot be used as evidence in court.

REBear wrote on Mon, 3/11/2013 - 8:34 am (in reply to...)

"We buy everything at 10:59am because that's when Fed injects the cash. Any questions? "

They do the 10yr reverse stick thing at the start of the month.

REBear wrote on Sun, 3/10/2013 - 7:28 pm

Got a ticket in mail for 'jumping a red light'. The video posted on the website clearly shows that i made a right turn and didn't go straight.
Now i need to take a half day off to go to court, or pay the fine.

REBear wrote on Sun, 3/10/2013 - 7:04 pm

New drug being developed using compound found in red wine 'could help humans live until they are 150' | Mail Online

Medicare can be Kick Me for 100 years.

REBear wrote on Sun, 3/10/2013 - 9:20 am

who is 'br'?

REBear wrote on Sun, 3/10/2013 - 8:51 am (in reply to...)

"Owens, who the documents said had started the application process to gain state aid to be his mother's caretaker, said he did give the woman tomato and chicken noodle soup."

REBear wrote on Sun, 3/10/2013 - 8:56 am

FHA Announces 3 Point Plan to Tighten Qualifying Guidelines in 2013 | Homebuying Tips | Find My Way Home | Broadview Mortgage

I was wondering how there could be multiple bids 'over asking price' for homes prized 700K+.... well that's policy which we will talk about but not change.
I understand govt support for median home prices but this is rediculous.

REBear wrote on Sat, 3/9/2013 - 5:17 pm (in reply to...)

Job creators.

NYSE prepares disaster backup plan: WSJ
| Reuters

"is readying plans to be able to operate without human traders "

REBear wrote on Sat, 3/9/2013 - 7:05 am (in reply to...)

Subwy fare went up.

but inflation is 1%

REBear wrote on Sat, 3/9/2013 - 6:42 am (in reply to...)

denial is not a river in Egypt.

the feeling is mutual

REBear wrote on Sat, 3/9/2013 - 6:39 am

macroblog: Will the Next Exit from Monetary Stimulus Really Be Different from the Last?

Did we really exit from Greenspan's ZIRP policy of 2000?
Now we have ZIRP + Treasury and mbs purchase. Next recession it will be whatever we are doing now and something more.

Each time the fed uses a new tool the market expects the tool to be used next time around as well.

REBear wrote on Sat, 3/9/2013 - 6:30 am (in reply to...)

they might blame him later

that's the exit strategy

REBear wrote on Sat, 3/9/2013 - 6:24 am

yogi - deja vu?

May 2003

A Gallup poll made on behalf of CNN and USA Today concluded that 79% of Americans thought the Iraq War was justified, with or without conclusive evidence of illegal weapons. 19% thought weapons were needed to justify the war.[9]

http://en.wikipedia.org/wiki/Popular_opinion_in_the_United_States_on_the_invasion_of_Iraq

REBear wrote on Fri, 3/8/2013 - 6:48 pm

http://news.yahoo.com/blogs/ticket/brennan-takes-oath-constitution-without-bill-rights-205110620.html 
Tinfoil Hat Brennan takes oath on draft Constitution—without Bill of Rights

REBear wrote on Fri, 3/8/2013 - 6:28 pm

Ben has used over 3t trying to stop another recession. He is not going to'give up'. Giving up will involve explanation of past actions.

REBear wrote on Fri, 3/8/2013 - 7:25 am

Fha apr is at 4.5%.. that will get fixed one way or the other.

REBear wrote on Fri, 3/8/2013 - 7:23 am

He cannot raise rates or stop purchase until we find a way to rebrand subprime.