Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
Joined: Sep 16, 2004 Posts: 4927 Location: Southwest WI
Posted: Sun Oct 05, 2008 9:39 pm Post subject: Re: Asian Markets Open Down Big
Can we just rewind a month...this is just going to fast for my gentle brain
Cashmere-
I saw a lady just like your avatar at WalMart tonite (dead serious). I was getting some smoked turkey from the deli and i just happened to turn my head and i saw her...she had on a miniskirt (dead serious). What i saw will haunt me until the day i die... _________________ Clothing should be optional.
Joined: May 06, 2008 Posts: 442 Location: Omicron Ceti 3
Posted: Sun Oct 05, 2008 9:46 pm Post subject: Re: Asian Markets Open Down Big
frankthetank wrote:
Cashmere-
I saw a lady just like your avatar at WalMart tonite (dead serious). I was getting some smoked turkey from the deli and i just happened to turn my head and i saw her...she had on a miniskirt (dead serious). What i saw will haunt me until the day i die...
Joined: May 19, 2005 Posts: 813 Location: Merry Ol' USA
Posted: Sun Oct 05, 2008 10:00 pm Post subject: Re: Asian Markets Open Down Big
Eli wrote:
I have to say that fat people forced to ride around in scooters so they can feed their fat asses is a pathetic example of what is wrong with the US.
Nothing quite as pathetic as watching a morbidly obese man use his reaching stick to pull case of muffins off the shelve into his over flowing cart.
You know, I try not to be too judgemental, but that really bugs the shyte out of me as well. As George Costanza said, "Shaving your head when you've got hair is like riding around in a wheelchair for the fun of it". Those scooters should be for real disabled people, not fat lazy bastards.
And Frank, I've seen the same woman down here, probably in our local wallyworld. Ugh! _________________ After fueling up their cars, Twyman says they bowed their heads and asked God for cheaper gas.There was no immediate answer, but he says other motorists joined in and the service station owner didn't run them off.
Posted: Sun Oct 05, 2008 10:10 pm Post subject: Re: Asian Markets Open Down Big
Eli wrote:
I have to say that fat people forced to ride around in scooters so they can feed their fat asses is a pathetic example of what is wrong with the US.
Nothing quite as pathetic as watching a morbidly obese man use his reaching stick to pull case of muffins off the shelve into his over flowing cart.
Damn Eli, that was awesome! Flat out awesome!
To the guy who saw the woman: dude, no pic? Damn man, I could have had a unique avatar. No love for Cashmere?
To Joel Trout, who wrote, "I will always consider America the greatest nation."
Joel, I still like you, but that really explains a lot to me. Your "faith" in the market 3 months ago is being caused by the excess apple pie in your alimentary canal. When you get a few years older, and you pass it, or when America ceases to exist, you'll swing much further toward my position.
"Love of country" is a gimmick to get people to conform and behave.
Don't love your country - love the principles of free men wherever they are practiced. _________________ Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
Joined: Sep 16, 2004 Posts: 4927 Location: Southwest WI
Posted: Sun Oct 05, 2008 10:12 pm Post subject: Re: Asian Markets Open Down Big
Isn't a rate cut in the cards this week? Drop it to 0 and get it over with!
No pictures, it would've broke the lens.
I watched probably 20 episodes of Seinfeld over the weekend...that show is still 10x then anything on the air today. Larry David is a genious.
Its true about what is wrong with this country. Greed and over consumption. Its amazing how obese this state (country) has become. These people could go a month without eating and they would still be overweight. _________________ Clothing should be optional.
Posted: Sun Oct 05, 2008 10:21 pm Post subject: Re: Asian Markets Open Down Big
SPG, isn't this just a classic case of "buy on the rumor, sell on the news"?
I'm a bit surprised to hear so many on this forum (of all place) say that the financial maelstrom is clouding or delaying effects of PO.
Does no one else think that what we are seeing is exactly what has long been predicted more or less as the result of PO?
All these wild and crazy financial shenanigans, from ARMs for McMansions in the exurbs to CDS's leveraged up the wazoo were surely made possible and fostered by the giddiness of peak and just-pre-peak maximum availability of the energy of cheap oil, and attempts to paper over the beginnings of the end with credit games.
Sustained oil prices many times the long-term average is driving the nail of reality slowly into the skull of the financial markets that there can be no expectation of increased returns on investments in an increasingly energy constrained world. The whole system is surely facing a kind of existential crisis, staring into the abyss as into a mirror.
Does no one else share anything like this analysis even on the threads of this PO forum?
Last edited by dohboi on Sun Oct 05, 2008 10:32 pm; edited 1 time in total
Joined: Aug 23, 2004 Posts: 574 Location: New Zealand
Posted: Sun Oct 05, 2008 10:24 pm Post subject: Re: Asian Markets Open Down Big
Quarter Earnings....
Energy + 50%
Financials - 63%
Where is Peak Oil being clouded? _________________ Congress has found themselves in a bear trap. They will chew off three legs, and still be caught in it...
Posted: Sun Oct 05, 2008 10:31 pm Post subject: Re: Asian Markets Open Down Big
Rocc, yes, 3% isn't much in the big picture, but when people see that even a trillion thrown at this thing won't stop the bleeding, don't you think that panic might set in?
This was supposed to be the final step in a series of ultimately-futile measures that the Paulson-Bernanke show has applied to stop the unraveling. When it becomes clear that it maybe only slowed it down a bit, I could imagine that a heavy kind of dispair and panic may result.
"These people could go a month without eating and they would still be overweight." ftt, they may be doing just that soon. Perhaps they have stored up their PMs in the one place where no one can steal them?
Joined: Aug 03, 2007 Posts: 4590 Location: Boston Suburbs
Posted: Sun Oct 05, 2008 10:38 pm Post subject: Re: Asian Markets Open Down Big
Quote:
made possible and fostered by the giddiness of peak and just-pre-peak maximum availability of the energy of cheap oil
Profligate energy use had been "made possible" for the last century. That in and of itself did not force the immediate housing crisis.
This crisis did not have to happen. It was not an inevitable consequence of peak oil anymore than the stock market crash of 1929 was. In fact, if this crisis had NOT taken place, something like it would have happened by the time oil hit $300 a barrel, driven purely by high oil prices rather than market bubbles. But at $100, it hurts the economy, but is not the cause of this mess. Try not to tie all bad events to peak oil when they aren't. _________________ http://doomsteaddiary.blogspot.com/
Last edited by mos6507 on Sun Oct 05, 2008 10:42 pm; edited 1 time in total
Posted: Sun Oct 05, 2008 10:41 pm Post subject: Re: Asian Markets Open Down Big
dohboi wrote:
I'm a bit surprised to hear so many on this forum (of all place) say that the financial maelstrom is clouding or delaying effects of PO.
Does no one else think that what we are seeing is exactly what has long been predicted more or less as the result of PO?
Totally agree. Guess what. Send $400 billion dollars to OPEC in a year, you're going to have a liquidity crisis. No mystery there. _________________ "We were standing on the edges
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
Posted: Sun Oct 05, 2008 10:43 pm Post subject: Re: Asian Markets Open Down Big
Roccland wrote:
"down big" 3% Uh-huh
Wake me up when there is some real news to post cashless
Ok Roc, I'll ring you up when the shut the ATMs down so you can piss your pants with I-told-you-so glee. _________________ Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
Joined: May 27, 2007 Posts: 1769 Location: The Post Peak Oil Historian
Posted: Sun Oct 05, 2008 10:45 pm Post subject: Re: Asian Markets Open Down Big
AIG got downgraded 2 days after the 85 billion. Tell me 700 billion would even have an effect.
This is just standing at the rim of a deep dark hole and trying to fill it with bushels full of money.
Damn it! Liquidity is not the problem. The banks are insolvent.
It's time for the American people to challenge this BS.
It won't happen til they're starving. Unfortunately that's not far off.
I'm sure Dr. Guillotin's plans are available online. _________________ In a time of universal deceit, telling the truth is a revolutionary act. - George Orwell
It riles them to believe that you perceive the webs they weave. - Moody Blues
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You know, I try not to be too judgemental, but that really bugs the shyte out of me as well. As George Costanza said, "Shaving your head when you've got hair is like riding around in a wheelchair for the fun of it". Those scooters should be for real disabled people, not fat lazy bastards.
