[Jotapay]

$this->bbcode_second_pass_quote('firestarter', 'H')e's also been very wrong on the market direction since early Nov.

[firestarter]

$this->bbcode_second_pass_quote('Jotapay', '')$this->bbcode_second_pass_quote('firestarter', 'H')e's also been very wrong on the market direction since early Nov.

[pedalling_faster]

$this->bbcode_second_pass_quote('firestarter', 'A')lso, his blaming of the bezzle (and by extension, Obama) as the reason we've sold off is ridiculous. The bezzle is the fuel for the bull over the past 20 years in case he didn't notice. To imply that removing it will prevent a meltdown is preposterous. In fact it's the opposite. Removing the bezzle will accelerate the downturn even more. Sheesh. Actually it just gives him cover to disproportionately blame Obama in screed after screed for the mess we're in.

[Jotapay]

$this->bbcode_second_pass_quote('firestarter', 'D')o you read his board regularly like I do?

[sameu]

read his 2008 predictions and how he evaluated those in his 2009 prediction ticker
is quite telling (read the whole 2008 post and not only the summary)

[firestarter]

$this->bbcode_second_pass_quote('Jotapay', '')$this->bbcode_second_pass_quote('firestarter', 'D')o you read his board regularly like I do?

[AlexdeLarge]

KD's own words:

March 5, 2009
$this->bbcode_second_pass_quote('', 'C')ivil unrest will break out before the end of the year. The Military and Guard will be called up to try to stop it. They won't be able to. Big cities are at risk of becoming a free-fire death zone. If you live in one, figure out how you can get out and live somewhere else if you detect signs that yours is starting to go "feral"; witness New Orleans after Katrina for how fast, and how bad, it can get.

[firestarter]

$this->bbcode_second_pass_quote('AlexdeLarge', 'K')D's own words:

March 5, 2009
$this->bbcode_second_pass_quote('', 'C')ivil unrest will break out before the end of the year. The Military and Guard will be called up to try to stop it. They won't be able to. Big cities are at risk of becoming a free-fire death zone. If you live in one, figure out how you can get out and live somewhere else if you detect signs that yours is starting to go "feral"; witness New Orleans after Katrina for how fast, and how bad, it can get.

[Jotapay]

Unless they solved the Alt-A, commercial real estate and Pay Option Arm megaton explosions that are going to continually pound the markets as they reset until the end of 2010, I don't see how this is a bottom yet. Maybe the bankers got all of them off their balance sheets and the Treasury is left holding them now?

[deMolay]

Not very bright prospects for the US Taxpayer. http://market-ticker.org/archives/921-GM-Bankrupt,-UNLESS.....html

[JJ]

read third essay [quote]:
May 22 (Bloomberg) -- Treasury Secretary Timothy Geithner committed to cutting the budget deficit as concern about deteriorating U.S. creditworthiness deepened, and ascribed a sell-off in Treasuries to prospects for an economic recovery.
“It’s very important that this Congress and this president put in place policies that will bring those deficits down to a sustainable level over the medium term,” Geithner said in an interview with Bloomberg Television yesterday. He added that the target is reducing the gap to about 3 percent of gross domestic product, from a projected 12.9 percent this year.

Balderdash. The Bond Market sold off hard yesterday not because of concerns about the US AAA rating (which has been under fire for over a year), it sold off over what I wrote about in The Ticker yesterday:

If Foreign Central Banks are selling into Ben's bid then the game is literally weeks or even days away from being over.

I have written for over a year about the potential for a bond-market implosion and subsequent economic collapse.

Bernanke, if he continues to play his "QE" games into this, assuming it is real, must be immediately forced from office by President Obama and/or Congress.

In short, the people with real money who have been played for patsies have had enough, they're angry, and they're sidling toward the door because they have detected the obvious: The curtains are on fire.

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

[Fishman]

The part about California was well written also. End of the nanny state, boo hoo. Any bets here on the first 100,000 man riot in LA? A hot summer, water restrictions, reduced checks? Racial gang wars already.
http://www.breitbart.com/article.php?id ... _article=1"
You'll can see the smoke all the way to the few folks left in Vegas.

[patience]

Denninger does his best to put out sound trading advice and warnings, IMHO. I find it is prudent to pay attention to him, so this situation makes me worry about receiving that silver I ordered that is due to ship in a couple weeks. I'd really like to have it in hand BEFORE the USD goes in the crapper. If the USD goes blooey, then I would expect commodities and PM's to go up dramatically in $. Guess I oughta convert some more FRN's to hard goods, huh?

[RdSnt]

Food, a still (for water), tools. In that order

[TheAntiDoomer]

i think the key part of this post is "again". Denninger is the worriest of worry warts.

[AirlinePilot]

Denninger may be a worry wart but he has the track record others dont. He has called much of this very correctly. He may not be 100% in timing , But as far as events and their causes he has been clairvoyant. I'd be paying strict attention, I believe he has it just about right on the money. I've saved a TON of my own by listening to him over the last year and a half.

[Chuckmak]

When is this dude *NOT* alarmed about something?

i mean i see what he's saying, but i'm just saying though...

[Daniel_Plainview]

$this->bbcode_second_pass_quote('JJ', '
')
http://market-ticker.denninger.net/

[TheDude]

$this->bbcode_second_pass_quote('Chuckmak', 'W')hen is this dude *NOT* alarmed about something?

i mean i see what he's saying, but i'm just saying though...

[JJ]

The running joke in Singapore, Hong Kong, Bangkok, and Kuala Lumpur is that the U.S. is the place where even your pet could get a credit card or a home mortgage.

So to Asians, the crisis we’re going through is our own fault. And although it was also caused by blunders in Western Europe and other regions, truth be told, they are mostly right. The message is clear: We need to immediately stop living beyond our means. http://market-ticker.denninger.net/

went to Wells Fargo today to make a deposit. My one WF credit card has had the minimum payment and interest increased on it. (we have perfect credit, have never missed a payment on anything in our lives). While we were in the lobby of the bank, a customer came in and said all his WF credit cards have been declined. The customer next to me said that Lowes had just sent him a letter saying that him credit limit had been reset from 1000. to 168. dollars. he was a contractor, said what am I going to buy for 168.?

ps, am not worried about the wf credit card yet; it's unsecured. We have 1800. balance on it but would rather have the cash right now. (this is probably poor logic, but...)