BTFD until the SHTF

Buy the Fucking Dip [BTFD] - that's Wall Street's mantra these days.  And why not, it's worked well for most of the past three years, save for a couple of notable market meltdowns.  As I have said before, Central Bank liquidity programs are payoffs for large institutions to look the other way to risk.  Therefore, not withstanding worsening fundamentals in Europe, here in the U.S., and in China, I have yet to find one stock analyst saying that stocks are an outright sell.  Small investors, on the other hand, having just gotten unfriended by the Facebook IPO, are selling big time...

Deflation v.s. Hyperinflation Revisited (yes, again)

The Deflation v.s. Hyperinflation debate continues to rage across the blogosphere, but for my part, for all the wrong reasons.  In my opinion, those in the clear majority who predict hyperinflation as the next likely outcome have a severe conflict of interest.  The next time you visit a blog predicting hyperinflation, take a look around for the gold and silver advertisements adorning the blog and/or question the current investment position of the blog.  As expected, the Idiocracy sees this current Deflation/Hyperinflation divergence as another opportunity to make a lot of money.  They see 'LTRO's' and 'QE n' programs around every corner.

Message to Policy-Makers: Stop Pretending

It's time to stop living beyond our means on the backs of our children and grandchildren.
The long-term costs of our profligacy will be borne by them (and yes, us) for decades:

Sudden Death Overtime

The world Ponzi is now in Sudden Death Overtime.

The widening gap between rich and poor will soon be shut...violently...

In related news:
HP Announces 27,000 layoffs - Shares up 7% on the news:

Greedbook: Just a Wafer Thin Ton of Bricks

This is a depiction of Wall Street attempting to take down the massive facebook IPO.  Friday's debut was just the rumblings of indigestion:

Faceplant: Wall Street's Biggest Pump and Dump

facebook went public today and the IPO debut was a total flop.  Once again, retail investors were conned into another massive internet pump and dump.

A Clockwork Atlas

Atlas is the mythical hero from Ayn Rand's magnum opus 'Atlas Shrugged'.  He is a metaphor for all of the 'great men' in the world who keep the planet running while the rest of us ne'er do wells do our best to stay out of the way or otherwise assist as best we can with their lofty travails.

Unfortunately, Atlas had to be let go, because it turns out he has been fucking the dog for oh say about the last many thousands of years.

Russian Roulette - Full Auto

"The man who wants everything, ends up with nothing"

The drama in Greece is getting to be very interesting.  It's a microcosm of the choices that EVERY major Western nation currently faces, whether our media propaganda machines will admit it or not.

Don't Worry, Be Happy !!!

Don't Worry, Be Happy
That's the public service message from the world's Central Banks to all of us in the general public, and especially to Wall Street.

When Bernanke embarked upon Quantitative Easing, three years ago in early 2009, he said at the time that the new policy (of printing money) would have unintended consequences.  In Donald Rumsfeld's terminology, "unknown unknowns".  

Globalization is Dead

Updated  5/1/2012:  Of all my posts over the past 5 years, this one gets the most consistent hits, no doubt because it becomes ever more relevant with each passing day.  So, I am dusting it off and moving it to the top of the list again, as time is running out on the Grand Ponzi...