koalabear
~Armed and Fuzzy~
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You need to get new lines from the C of S, these are as lame as you lil fag chihuahua.
What happened to all of the doom and gloom economic threads?
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You need to get new lines from the C of S, these are as lame as you lil fag chihuahua.
jeninflorida
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Sir, would you please start posting porn. after all, this is why God created the internet
IrezumiKiss
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You're an erotica writer, right? You could try posting one of your stories to get the butter churning.
richard_daily
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jeninflorida
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well, that would not be good! The internet wasn't created for burning of the eyes. however, unprotected sex can create burning of ..... so please make sure you practice safe internet sex. condom up your laptop
Busybody
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Marc Faber: Prepare for a Massive Market Meltdown
Published: Tuesday, 13 Nov 2012 | 7:54 AM ET Text Size By: Holly Ellyatt
The markets are going to go into meltdown soon, so expect stocks to lose 20 percent of their value, Marc Faber, author of the Gloom, Boom and Doom report told CNBC on Tuesday.
Bloomberg | Getty Images
Marc Faber, managing director of Marc Faber Ltd. and publisher of the Gloom, Boom and Doom Report
--------------------------------------------------------------------------------
“I don’t think markets are going down because of Greece, I don’t think markets are going down because of the ‘fiscal cliff’ — because there won’t be a ‘fiscal cliff,’ ” Faber told CNBC’s “Squawk Box.” “The market is going down because corporate profits will begin to disappoint, the global economy will hardly grow next year or even contract, and that is the reason why stocks, from the highs of September of 1,470 on the S&P, will drop at least 20 percent, in my view.”
Faber, who is known for his bearish views, cited tech giant Apple [AAPL Loading... () ], a company whose disappointing earnings have caused its stock to fall 20 percent from its September highs and 14 percent in the past month.
A series of poor quarterly earnings from corporate giants such as Amazon.com [**** Loading... () ], McDonald's [MCD Loading... () ] and Google [GOOG Loading... () ] have hurt investor sentiment in recent weeks.
Faber argued that the “fiscal cliff,” a rise in taxes and automatic spending cuts, would actually involve some minor tax increases in “five years’ time” and some spending cuts “in 100 years.”
On Ice! ‘Cliff’ Fears Put a Chill on Dividend StocksWest in a ‘Colossal Mess’ in Five to 10 Years: Marc FaberMarc Faber: Buy These to Prepare for Coming Collapse Marc Faber: If I Were Bernanke, I Would Resign
What the U.S. needed was some pain, he said, aptly demonstrated by the euro zone’s austerity measures that are attempting, with a mixed measure of success, to curb gaping budget deficits.
“There will be pain and there will be very substantial pain. The question is do we take less pain now through austerity or risk a complete collapse of society in five to 10 years’ time?” he said, adding that there was a lack of political will to tackle the U.S. budget.
Faber added: “In a democracy, they’re not going to take the pain, they’re going to kick down the problems and they’re going to get bigger and bigger.”
Payback Time
Faber identified several issues curbing an economic recovery, such as the real estate market, which he said had never been so “overbuilt.” He also said there was lots more deleveraging ahead.
“In the Western world, including Japan, the problem we have is one of too much debt and that debt now will have to be somewhere, somehow repaid or it will slow down economic growth,” Faber said. “I think we lived beyond our means from 1980 to 2007, and now it’s payback period.”
Faber told CNBC that central bank stimulus was useless and the implosion of markets was the only way to restructure the financial system.
“I think the whole global financial system will have to be reset and it won’t be reset by central bankers but by imploding markets — either the currency [markets, debt market or stock markets,” he said. “It will happen — it will happen one day and then we’ll be lucky if we still have 50 percent of the asset values that we have today.”
—By CNBC’s Holly Ellyatt
Published: Tuesday, 13 Nov 2012 | 7:54 AM ET Text Size By: Holly Ellyatt
The markets are going to go into meltdown soon, so expect stocks to lose 20 percent of their value, Marc Faber, author of the Gloom, Boom and Doom report told CNBC on Tuesday.
Bloomberg | Getty Images
Marc Faber, managing director of Marc Faber Ltd. and publisher of the Gloom, Boom and Doom Report
--------------------------------------------------------------------------------
“I don’t think markets are going down because of Greece, I don’t think markets are going down because of the ‘fiscal cliff’ — because there won’t be a ‘fiscal cliff,’ ” Faber told CNBC’s “Squawk Box.” “The market is going down because corporate profits will begin to disappoint, the global economy will hardly grow next year or even contract, and that is the reason why stocks, from the highs of September of 1,470 on the S&P, will drop at least 20 percent, in my view.”
Faber, who is known for his bearish views, cited tech giant Apple [AAPL Loading... () ], a company whose disappointing earnings have caused its stock to fall 20 percent from its September highs and 14 percent in the past month.
A series of poor quarterly earnings from corporate giants such as Amazon.com [**** Loading... () ], McDonald's [MCD Loading... () ] and Google [GOOG Loading... () ] have hurt investor sentiment in recent weeks.
Faber argued that the “fiscal cliff,” a rise in taxes and automatic spending cuts, would actually involve some minor tax increases in “five years’ time” and some spending cuts “in 100 years.”
On Ice! ‘Cliff’ Fears Put a Chill on Dividend StocksWest in a ‘Colossal Mess’ in Five to 10 Years: Marc FaberMarc Faber: Buy These to Prepare for Coming Collapse Marc Faber: If I Were Bernanke, I Would Resign
What the U.S. needed was some pain, he said, aptly demonstrated by the euro zone’s austerity measures that are attempting, with a mixed measure of success, to curb gaping budget deficits.
“There will be pain and there will be very substantial pain. The question is do we take less pain now through austerity or risk a complete collapse of society in five to 10 years’ time?” he said, adding that there was a lack of political will to tackle the U.S. budget.
Faber added: “In a democracy, they’re not going to take the pain, they’re going to kick down the problems and they’re going to get bigger and bigger.”
Payback Time
Faber identified several issues curbing an economic recovery, such as the real estate market, which he said had never been so “overbuilt.” He also said there was lots more deleveraging ahead.
“In the Western world, including Japan, the problem we have is one of too much debt and that debt now will have to be somewhere, somehow repaid or it will slow down economic growth,” Faber said. “I think we lived beyond our means from 1980 to 2007, and now it’s payback period.”
Faber told CNBC that central bank stimulus was useless and the implosion of markets was the only way to restructure the financial system.
“I think the whole global financial system will have to be reset and it won’t be reset by central bankers but by imploding markets — either the currency [markets, debt market or stock markets,” he said. “It will happen — it will happen one day and then we’ll be lucky if we still have 50 percent of the asset values that we have today.”
—By CNBC’s Holly Ellyatt
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Ulaven_Demorte
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Or waiting to see if the GOP House is actually stupid enough to refuse to compromise (again) and push us over the "fiscal cliff".
See how that works?
Sean Renaud
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Are you really gonna make us start a new how bad can it get thread? You have the option to back the fuck up now.
richard_daily
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Fuck that, we're almost at 1000 pages of RWCJ hilarity with this one.
Busybody
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The Strange (and Worrisome) Symmetry Of Bernanke's Bull Market
Sometimes a picture paints a thousand words. In the case of this chart, it paints an expectation of around 300 S&P points (to the downside). The strange symmetrical exponentiality of the last four years can only be marveled at in its reflection of greed and fear catalyzed by the machinations of an increasingly impotent central banking cartel. Trade accordingly.
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/11/20121112_SPX1_0.pngThe irony of the coincident timing of the plunge and the pending fiscal cliff decision - which as we noted here, will not be solved until the market pushes the politicians to 'compromise' - should not be lost on those who poo-poo such silly chartist ramifications...
Sometimes a picture paints a thousand words. In the case of this chart, it paints an expectation of around 300 S&P points (to the downside). The strange symmetrical exponentiality of the last four years can only be marveled at in its reflection of greed and fear catalyzed by the machinations of an increasingly impotent central banking cartel. Trade accordingly.
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/11/20121112_SPX1_0.pngThe irony of the coincident timing of the plunge and the pending fiscal cliff decision - which as we noted here, will not be solved until the market pushes the politicians to 'compromise' - should not be lost on those who poo-poo such silly chartist ramifications...
Busybody
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Busybody
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CBO: Obama’s Plan To Tax The Rich Would Reduce Deficit By Zero Dollars…
Sadly, sheeple voters bought into his class warfare nonsense.
Via Beltway Confidential:
Raising taxes on the rich was the cornerstone of President Obama’s reelection campaign. “If we’re serious about reducing the deficit,” Obama told a rally in Columbus, Ohio, on election day, “we’ve got to ask the wealthiest Americans to go back to the tax rates they paid when Bill Clinton was in office.”
But just how much deficit reduction would Obama’s tax hikes on the rich necessarily accomplish?
Nothing, according to the Congressional Budget Office.
Sadly, sheeple voters bought into his class warfare nonsense.
Via Beltway Confidential:
Raising taxes on the rich was the cornerstone of President Obama’s reelection campaign. “If we’re serious about reducing the deficit,” Obama told a rally in Columbus, Ohio, on election day, “we’ve got to ask the wealthiest Americans to go back to the tax rates they paid when Bill Clinton was in office.”
But just how much deficit reduction would Obama’s tax hikes on the rich necessarily accomplish?
Nothing, according to the Congressional Budget Office.
koalabear
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Busybody
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richard_daily
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Keep it up peckerheads! Only a little over a page to go before your stupidity reaches mellinum proportions!
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RobDownSouth
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I'm gonna put that motherfucking SeanH on motherfucking ignore if he steals that motherfucking 25,000th post from me. Motherfucker stole the 20,000th one too.
Ulaven_Demorte
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Hah! You're confusing Democrats with a bunch of bone-headed Grover Norquist pledge signing bobbleheads. I corrected your punctuation by the way.
Remind me again, who has spent the last 4 years dragging their feet on every single piece of legislation (even those of which they approved) just to try to make the opposing party appear to be "doing nothing".
Negotiating in bad faith didn't work out so well for those double-dealing idiots did it?
Keep up the antics. See you in 2014!
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