http://www.theonion.com/articles/financial-sector-thinks-its-about-ready-to-ruin-wo,32865/ Representatives from all major banking and investment institutions cited recent increases in consumer spending, rebounding home prices, and a stabilizing unemployment rate as confirmation that the time had once again come to inflict another round of catastrophic financial losses on individuals and businesses... [more]
http://www.theonion.com/articles/financial-sector-thinks-its-about-ready-to-ruin-wo,32865/
Representatives from all major banking and investment institutions cited recent increases in consumer spending, rebounding home prices, and a stabilizing unemployment rate as confirmation that the time had once again come to inflict another round of catastrophic financial losses on individuals and businesses worldwide.
“It’s been about five or six years since we last crippled every major market on the planet, so it seems like the time is right for us to get back out there and start ruining the lives of billions of people again,” said Goldman Sachs CEO Lloyd Blankfein. “We gave it some time and let everyone get a little comfortable, and now we’re looking to get back on the old horse, shatter some consumer confidence, and flat-out kill any optimism for a stable global economy for years to come.”
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Response by greensdale
almost 13 years ago
Posts: 3804
Member since: Sep 2012
When will we have the actual bank crisis that Aboutready says Jamie Dimon first said 5 years ago said happens every 5 years?
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Response by aboutready
almost 13 years ago
Posts: 16354
Member since: Oct 2007
You're doing very badly. In congressional testimony he laughingly reported that he told his daughter a banking crisis is something that happens every 5-10 years.
If you're going to obsessively refer to me and my posts, at least do so with a degree of accuracy. You're so fucking insipid.
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Response by aboutready
almost 13 years ago
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Member since: Oct 2007
And that grammar is atrocious.
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Response by greensdale
almost 13 years ago
Posts: 3804
Member since: Sep 2012
Shall I repost the original link where you said it was every 5 years, or would you like to do it for me?
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Response by aboutready
almost 13 years ago
Posts: 16354
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Sure, go ahead. If it makes you happy. But it must have been in some context, because I watched the asshole testify and I distinctly recall posting at least once 5-10 and I wouldn't think a five-year limit sounds reasonable. Knock yourself out, it's what you do best, RS/hb.
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Response by greensdale
almost 13 years ago
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Aboutready: "although everyone's favorite boy-toy banker jamie dimon confessed, laughingly, that he told his child that it was something that happens every five years or so"
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Response by aboutready
almost 13 years ago
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Member since: Oct 2007
Or so. Could easily be 10. Do better.
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Response by greensdale
almost 13 years ago
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>Or so. Could easily be 10. Do better.
If you thought 10 years, why didn't you just say 10 years?
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Response by alanhart
almost 13 years ago
Posts: 12397
Member since: Feb 2007
greensdale
14 minutes ago
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according to jamie dimon a financial crisis is something that just happens every five or so years. if he's right, we've got a couple more years to go.
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Response by Brooks2
almost 13 years ago
Posts: 2970
Member since: Aug 2011
Stop calling him HB he's riversider!
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Response by greensdale
almost 13 years ago
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jamiealanhartdimon
2 minutes ago
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Response by alanhart
almost 13 years ago
Posts: 12397
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greenberg
feels like decades
Posts: each is one too many
Member since: bobby pins got seasick on permanent waves
ignores deserved abuse
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Response by aboutready
almost 13 years ago
Posts: 16354
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Besides, it's time for emerging markets and currency issues to cause the next crisis. It's a race to the bottom.
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Response by greensdale
almost 13 years ago
Posts: 3804
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Another crisis coming? How will you prepare? Another lawsuit? More money diverted from the taxpayer to your pocket? More rent charged to the working class to subsidize your windfall?
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Response by dc10023
almost 13 years ago
Posts: 85
Member since: Jun 2008
Lets not take what he says as written in stone.
I expect to roll a 6 approximately every 3rd roll... I believe this but also doesn't mean I will be surprised if I roll in on my next roll or after 3 rolls I don't see a 6!
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Response by needsadvice
almost 13 years ago
Posts: 607
Member since: Jul 2010
Not a bank crisis, how about a stock crisis? Since no one was getting any interest, they put their cash in the market.
Time to pull the rug out there.
Oh . . . wait . . . the Dow is down . . . how much?!
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Response by Riversider
almost 13 years ago
Posts: 13573
Member since: Apr 2009
Today was the market throwing a hissy fit. People bought stocks because they felt the Fed was supporting the market, no other reason. Now that investors woke up to the possibility The Bernanke was thinking about cutting down on the stimulus(heroine), they're getting cranky , probably hoping he sees the market down a few hundred and re-considers. Traders really are like little kids, tell them you might take away their holoween candy and they start kicking and screaming and messing the place up...
Today is not a new bank led crisis.
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Response by Riversider
almost 13 years ago
Posts: 13573
Member since: Apr 2009
Last month there were quite a few analysts predicting the Fed would start tapering off QE purchases in June. My response was Three words: Will Not Happen.
Now we are seeing a flurry of articles with headlines suggesting reducing the monthly purchases of assets is "close" or "near". It depends on the definition of "close" or "near", but it is clear tapering will not happen until later this year at the earliest. Here is the key quote from Bernanke:
......
Tapering is coming, but can December be described as "near" or "close"? If so, I haven't even started my Christmas shopping yet ...
Last month there were quite a few analysts predicting the Fed would start tapering off QE purchases in June. My response was Three words: Will Not Happen.
Now we are seeing a flurry of articles with headlines suggesting reducing the monthly purchases of assets is "close" or "near". It depends on the definition of "close" or "near", but it is clear tapering will not happen until later this year at the earliest. Here is the key quote from Bernanke:
......
Tapering is coming, but can December be described as "near" or "close"? If so, I haven't even started my Christmas shopping yet ...
When will we have the actual bank crisis that Aboutready says Jamie Dimon first said 5 years ago said happens every 5 years?
You're doing very badly. In congressional testimony he laughingly reported that he told his daughter a banking crisis is something that happens every 5-10 years.
If you're going to obsessively refer to me and my posts, at least do so with a degree of accuracy. You're so fucking insipid.
And that grammar is atrocious.
Shall I repost the original link where you said it was every 5 years, or would you like to do it for me?
Sure, go ahead. If it makes you happy. But it must have been in some context, because I watched the asshole testify and I distinctly recall posting at least once 5-10 and I wouldn't think a five-year limit sounds reasonable. Knock yourself out, it's what you do best, RS/hb.
Aboutready: "although everyone's favorite boy-toy banker jamie dimon confessed, laughingly, that he told his child that it was something that happens every five years or so"
Or so. Could easily be 10. Do better.
>Or so. Could easily be 10. Do better.
If you thought 10 years, why didn't you just say 10 years?
greensdale
14 minutes ago
Posts: 3182
Member since: Oct 2007
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according to jamie dimon a financial crisis is something that just happens every five or so years. if he's right, we've got a couple more years to go.
Stop calling him HB he's riversider!
jamiealanhartdimon
2 minutes ago
Posts: 11423
Member since: Feb 2007
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greenberg
feels like decades
Posts: each is one too many
Member since: bobby pins got seasick on permanent waves
ignores deserved abuse
Besides, it's time for emerging markets and currency issues to cause the next crisis. It's a race to the bottom.
Another crisis coming? How will you prepare? Another lawsuit? More money diverted from the taxpayer to your pocket? More rent charged to the working class to subsidize your windfall?
Lets not take what he says as written in stone.
I expect to roll a 6 approximately every 3rd roll... I believe this but also doesn't mean I will be surprised if I roll in on my next roll or after 3 rolls I don't see a 6!
Not a bank crisis, how about a stock crisis? Since no one was getting any interest, they put their cash in the market.
Time to pull the rug out there.
Oh . . . wait . . . the Dow is down . . . how much?!
Today was the market throwing a hissy fit. People bought stocks because they felt the Fed was supporting the market, no other reason. Now that investors woke up to the possibility The Bernanke was thinking about cutting down on the stimulus(heroine), they're getting cranky , probably hoping he sees the market down a few hundred and re-considers. Traders really are like little kids, tell them you might take away their holoween candy and they start kicking and screaming and messing the place up...
Today is not a new bank led crisis.
Last month there were quite a few analysts predicting the Fed would start tapering off QE purchases in June. My response was Three words: Will Not Happen.
Now we are seeing a flurry of articles with headlines suggesting reducing the monthly purchases of assets is "close" or "near". It depends on the definition of "close" or "near", but it is clear tapering will not happen until later this year at the earliest. Here is the key quote from Bernanke:
......
Tapering is coming, but can December be described as "near" or "close"? If so, I haven't even started my Christmas shopping yet ...
http://www.calculatedriskblog.com/2013/06/analysis-on-tapering-qe3.html
Last month there were quite a few analysts predicting the Fed would start tapering off QE purchases in June. My response was Three words: Will Not Happen.
Now we are seeing a flurry of articles with headlines suggesting reducing the monthly purchases of assets is "close" or "near". It depends on the definition of "close" or "near", but it is clear tapering will not happen until later this year at the earliest. Here is the key quote from Bernanke:
......
Tapering is coming, but can December be described as "near" or "close"? If so, I haven't even started my Christmas shopping yet ...
http://www.calculatedriskblog.com/2013/06/analysis-on-tapering-qe3.html
RS you see what is happening in the market these days
?