[AlexdeLarge]

As the Dow keeps dropping, the President is running out of people to blame.

http://online.wsj.com/article/SB123604419092515347.html

$this->bbcode_second_pass_quote('', 'A')mericans have welcomed the Obama era in the same spirit of hope the President campaigned on. But after five weeks in office, it's become clear that Mr. Obama's policies are slowing, if not stopping, what would otherwise be the normal process of economic recovery. From punishing business to squandering scarce national public resources, Team Obama is creating more uncertainty and less confidence -- and thus a longer period of recession or subpar growth.

[vision-master]

$this->bbcode_second_pass_quote('AlexdeLarge', '[')b]As the Dow keeps dropping, the President is running out of people to blame.

http://online.wsj.com/article/SB123604419092515347.html

$this->bbcode_second_pass_quote('', 'A')mericans have welcomed the Obama era in the same spirit of hope the President campaigned on. But after five weeks in office, it's become clear that Mr. Obama's policies are slowing, if not stopping, what would otherwise be the normal process of economic recovery. From punishing business to squandering scarce national public resources, Team Obama is creating more uncertainty and less confidence -- and thus a longer period of recession or subpar growth.

[AlexdeLarge]

Obama is not listening. He even lets his minions attack those who point out the obvious. link $this->bbcode_second_pass_quote('', 'W')hite House Knocks Jim Cramer For Calling Obama Budget "Greatest Wealth Destruction By a President"

[Livewire713]

$this->bbcode_second_pass_quote('', 'M')r. Obama's policies are slowing, if not stopping, what would otherwise be the normal process of economic recovery.

[Duende]

Good post, Livewire713. AlexdeLarge: you have communicated your disdain for Obama to us sufficiently. What you have not communicated sufficiently is the relation between inevitable economic collapse and Obama's responsibility for it. I patiently await your reasoning.

[eastbay]

He'll be held responsible for deepening the economic crisis. Not starting it. Continuing the wasteful wars and handing out cash to those who have clearly and demonstrably revealed their poor judgement in economic matters is accelerating the crisis, not solving it. But that's what he's doing. And 60% approve of the way he's performing.

Obviously no one person is responsible for starting the crisis. Everyone shares a bit of the blame for that. Some more than others, however.

[SeaGypsy]

Anyone who would use Alex character from Clockwork Orange has to be seriously deranged, or have a sick sense of humor.

There was no sequel on what happened to Alex after his rampage.

This is because he would certainly have met his comeuppance.

There is always a champion to beat the champion, a gun or bomb or boxer who is better; waiting in the wings to unseat the enthroned.

[AlexdeLarge]

$this->bbcode_second_pass_quote('SeaGypsy', 'A')nyone who would use Alex character from Clockwork Orange has to be seriously deranged, or have a sick sense of humor.

[AlexdeLarge]

$this->bbcode_second_pass_quote('Duende', 'G')ood post, Livewire713. AlexdeLarge: you have communicated your disdain for Obama to us sufficiently. What you have not communicated sufficiently is the relation between inevitable economic collapse and Obama's responsibility for it. I patiently await your reasoning.

[SeaGypsy]

Plenty of responsibility for the current situation to go around. Republicans, Democrats....or just look in the mirror!! I think Machiavelli would be proud, but then I am deranged and have a sick sense of humor ! [/quote]There is none so witty as the one who can tell it exactly like it is.

[bodigami]

$this->bbcode_second_pass_quote('jupiters_release', '')$this->bbcode_second_pass_quote('eastbay', 'H')anding out vast... unbelievably vast ... sums of money to those who have demonstrably PROVEN that they're failures dealing with money. From failed banks and insurance companies to individuals it's Darwinism in reverse. Rewarding the weakest and having the strongest pay for it.

[SeaGypsy]

$this->bbcode_second_pass_quote('bodinagamin', 'l')ook at the bigger picture... is it natural selection for the destroyer of life on earth (humanity) to eventually commit collective suicide?

[bodigami]

$this->bbcode_second_pass_quote('SeaGypsy', 'I')f a new Eugenics program gets going it won't have much to do with natural selection; more to do with wealthy connections.

[AlexdeLarge]

KD's market ticker blog is an excellent source for commentary and news in the capital markets. But have those of you who are fans noticed that since his lastest prediction of imminent collapse "Whats Dead....everything" http://market-ticker.denninger.net/archives/852-Whats-Dead-Short-Answer-All-Of-It.html ... he has backed off his doomerism. I know that ticker spooked the hell out of me ! Note a comment from todays ticker:
$this->bbcode_second_pass_quote('', 'M')y "What's Dead" Ticker made the rounds to a lot of places, including some conspiracy boards where I don't usually get much attention. The resulting traffic spike was, to put it mildly, "interesting" and forced a lot of work on an accelerated schedule to get The Ticker onto more-capable infrastructure. It has also drawn lots of questions about whether it was one of those infamous "early and thus wrong" calls, just plain wrong, or to put it more succinctly "where's the kaboom?"

[mos6507]

There is no way someone can change their mind without "them" compelling them to, eh?

[AlexdeLarge]

$this->bbcode_second_pass_quote('mos6507', 'T')here is no way someone can change their mind without "them" compelling them to, eh?

[Jotapay]

Historically, Karl has actually been much more conservative with his Doomerism than others. His doomerish predictions were actually not doomerish enough over the past few years, so I don't think his credibility should be questioned.

Also, Karl *hates* tin foil. It makes him visibly upset and he'll delete your account for posting it. I can see why he would not like his blog to go viral on sites that contain tin foil type material. But much of what they derided as tin foil in the past has come true, and they acknowledge that now. He still hates it though.

I don't know if his predictions in that "What is Dead" blog post will prove to be right or wrong, I just consider it another source of info in a sea of many sources. But he is not the only one predicting those sorts of things. Gerald Celente, a pretty sharp guy, is saying exactly the same thing. I'd say by the way people are buying up every single last goddamn round of ammo in the whole country, that Joe Six Pack is thinking along those lines as well.

As always, I just scour the world for as much info as possible, then prepare for the worst and hope for the best.

[AlexdeLarge]

$this->bbcode_second_pass_quote('Jotapay', 'H')istorically, Karl has actually been much more conservative with his Doomerism than others. His doomerish predictions were actually not doomerish enough over the past few years, so I don't think his credibility should be questioned.

[pedalling_faster]

$this->bbcode_second_pass_quote('AlexdeLarge', 'I') agree. KD's is not a tinfoiler......so when he predicts imminent doom, people listen.

[firestarter]

God, he's all over the map. One day we're collapsing the next day he's singing milk and honey.

He's very emotional with his flying off the handle calls. He's also been very wrong on the market direction since early Nov.

I'm with Illargi over at TAE. Denninger has serious credibility issues, not to mention that his trades, especially the bad long trades subsequent to Nov, tend to compromise his objectivity, thereby fueling his emotionalism. He also thinks peak oil is a sham. Mish is miles ahead of him.