[roccman]

Karl confirmed for me when the market was to roll over...

He is of no use to me now...

Here is his latest neo-con rant...may he suffer deeply for his ignorance.


http://market-ticker.denninger.net/


$this->bbcode_second_pass_quote('', 'B')y next summer the entire "emerging markets" area will be in freefall. I expect you will see a literal implosion in the emerging market stocks. China wants to try to keep all the balls in the air until after the Olympics - I wish them luck, because I don't think its going to happen, and when they come apart it is going to happen with ferocious intensity. Real civil unrest is a possibility, followed by the usual way out for a trapped government.

The US has options available to it that most other nations do not. Canada, for example, has an enormous resource base, and we're friendly. We have an enormous resource base, although we have to take the Greenies and string them up by their toenails first. We'll do it, once gasoline is $5/gallon - the Greenies will be thrown under the bus and then backed over repeatedly just to make sure that the last bit of life is squeezed out.

Then we will develop our oil and gas resources in the Gulf, we will drill off California and the East Coast, and we will recover shale. We will build nuclear plants. We will use the vast landmass out in the desert southwest to install aquaculture-based biomass production to eventually wean us off oil as a transport fuel, moving to biodiesel, using the nuclear plants we build next door to desalinate the water and provide artificial lighting so they can crank 24x7. We will "see the light" and ban gasoline cars, insisting on compression ignition or external-combustion if and when those prove more efficient (e.g. stirling cycle)

This path forward brings us to a carbon-cycle neutral and renewable resource for road and rail transport fuels, along with "heating oil." It leaves us with a nuclear-powered electrical system as we wean ourselves off coal, leaving our coal resources to be turned into petroleum for manufacturing purposes. Our remaining liquid oil (along with conversion from coal) will allow our use of polymers to continue.

Yes, the US will have a tough decade ahead of it. The age of the $30 DVD player will be over, and large price increases for things that currently are built with $2/day labor are in store for us.

But we will be ok, and we're isolated enough - by oceans - that others trying to come and steal our resources are in for a rough ride of it, as there are easier places for them to go to try to meet their needs than the United States.

The trick will be finding ways to stay out of wars that are inevitable in the Asian Theatre, all of which will threaten to go nuclear.

I wouldn't want to be a Japanese housewife, or a Chinaman, or, God forbid, someone living in Taiwan.

Europe will fare no better than us, and may fare worse. Their odds of getting embroiled in the mess over in Asia will be higher than ours, simply because of proximity, but if they can stay out of it they will be ok. If they get dragged into the mess, and there is a decent chance they will, then things will be bad over there too.

I took a lot of risk down this afternoon, mostly because I had a lot of potentially-expiring PUTs that were losing time value by the day, and if we had even a short-term corrective bounce tomorrow I was going to get hurt. So off they come; I can always buy 'em back on a daytrade if we get a good downdraft going again.

[Revi]

It seems like he's awfully anxious to throw all us greenies under the bus and then do exactly what we want him to do anyway. Maybe that way he doesn't have to admit that we were right.

[Niagara]

Rocc, you're my favorite poster here, hands down. You're a real asset to this site.

I can't get over the number of rocks you're able to turn over each day. And the gems you find

I'd love to see your Bookmarks folder, it must be quite the collection!

[Hawkcreek]

--

[sittinguy]

I agree with Hawkcreek, It ain't gonna happen anytime soon, I think that view of the future is very very possible, but with our shity ass crocked government, nothing could happen that fast. It will take them 10 years just to start rebuilding some bridges, much less power plants. Their Idea for a short term fix,(short term meaning 20 years) Is Iraq. We all know why we are there, and why we can never leave. Who gives a rats ass how much gas costs, IT DOES NOT MATTER!!!!!!!!! as long as its availible. A nationwide gas shortage, even for a short time, would be a disaster. I think some of us could imagine the sheer pinic that would ensue, OH SHIT, I'M SHEEPLE

[AirlinePilot]

Aquaculture in the southwest! HAHAHA! Thats a good one.

I bought more bullets today.

[roccman]

$this->bbcode_second_pass_quote('Niagara', 'R')occ, you're my favorite poster here, hands down. You're a real asset to this site.

I can't get over the number of rocks you're able to turn over each day. And the gems you find

I'd love to see your Bookmarks folder, it must be quite the collection!

[AlCzervik]

Yeah, "aquaculture" is probably the biggest gem in that article. What is that? Does this dude understand that Vegas and LA are going to dry up in 10-20 years, at latest. And I'll tell you this, you want to see this nation fracture? Try sucking water from the Great Lakes to some southwest desert shithole (sorry Rocc and Monte and whoever is out there). Ain't gonna happen. We'll go to war. The Great Lakes are already suffering and conspiracy theories abound over the falling levels. Luckily, the energy won't be there in the future to push the water 2,000 miles.

[Zardoz]

Denninger really does appear to be on something. That's a delusional rant. Virtually none of what he's proposing is feasible. He truly doesn't know his ass from a hole in the ground.

[Battle_Scarred_Galactico]

once gasoline is $5/gallon - the Greenies will be thrown under the bus


As I've said numerous times I think its' clear when the economy tanks enviromentalists will be the first scapegoats. This kind of talk is just the warm up.

[Roy]

$this->bbcode_second_pass_quote('', 'T')hen we will develop our oil and gas resources in the Gulf, we will drill off California and the East Coast, and we will recover shale. We will build nuclear plants. We will use the vast landmass out in the desert southwest to install aquaculture-based biomass production to eventually wean us off oil as a transport fuel, moving to biodiesel, using the nuclear plants we build next door to desalinate the water and provide artificial lighting so they can crank 24x7. We will "see the light" and ban gasoline cars, insisting on compression ignition or external-combustion if and when those prove more efficient (e.g. stirling cycle)

Yep, we maybe could build enough nukes to desalinate enough seawater to water a whole lot of desert. We might be able to build pipelines and the infrastructure to run all that aquaculture biomass stuff. But we can't do it in the next twenty years (even if the massive problems in doing it were solved).
And by acting like it is the greenies fault we are in this mess he shows himself to be a double idiot.
And I'm an optimist.

[highlander]

I think the article was just expounding on the famous lost verse to the "rainbow stew" song.
I'm still waiting for the flying cars they promised by Y2K

[UltraViciousBudgie]

$this->bbcode_second_pass_quote('Battle_Scarred_Galactico', '[')b]once gasoline is $5/gallon - the Greenies will be thrown under the bus


As I've said numerous times I think its' clear when the economy tanks enviromentalists will be the first scapegoats. This kind of talk is just the warm up.

[Twilight]

Here's a quick cut through the bullshit.

I bet you can all think of someone who left school and years later is still in a marijuana daze, renting a room, drifting between low-paid jobs, saying "I'm going to get my shit together soon, man. I've been thinking, I've got some plans made." But you know the record, you know it's all pipe dreams.

That's America talking about energy independence.

No offense to anyone here, but take a good hard look at the 34 years wasted and try to say the future will be different. It can't be different. The problem in the metaphor is the stoner, the opportunities are wasted on him.

It's a good blog, but that was more of the same tired old shit. I'm sick of hearing it.

[Chuckmak]

$this->bbcode_second_pass_quote('Shannymara', 'I') used to want to go into space so bad. I literally would have given up years of my life for the opportunity to do that. Boy, has my perspective changed.