Consumer Credit declines for 8th straight month

[david austin]

Blowing past the -9.9B estimate to come in at -14.8B.

The tapped consumer is doing the right thing... They are paying down (or walking away from) debt.

So as the consumer continues to tranche itself in the category which is oddly 'responsible', they in turn give a collective middle finger to the government re-inflation attempts.

What happens when the GDP engine switches from consumer to government?

Open up your econ history books. The 'Japan' chapters await you.

[DataBass]

Since you know what is going to happen with the economy I'll bet you are going to make so much money going all in on short positions.

[tricky]

Originally Posted by DataBass

Since you know what is going to happen with the economy I'll bet you are going to make so much money going all in on short positions.

Finance guys bitch about the government and the economy yet do anything and everything to fuck over everyone else if it means enriching themselves. History has shown this time and time and time and time after time.

Greed aka unchecked capitalism destroys.

[david austin]

Originally Posted by DataBass

Since you know what is going to happen with the economy I'll bet you are going to make so much money going all in on short positions.

Actually short positions have been killed over and over since March.

My job is more about wealth protection and risk aversion rather than all in stock plays. I am a technical chartist. I dont write loans. I dont push products.

I do have scaled in positions for a downturn but thats in personal accounts that frankly anyone has the same type of data accessible to trade from.

And for Tricky... If you really think I am about greed then you havent been paying attention to what I post.

[tricky]

Originally Posted by david austin

Actually short positions have been killed over and over since March.

My job is more about wealth protection and risk aversion rather than all in stock plays.

I do have scaled in positions for a downturn but thats in personal accounts that frankly anyone has the same type of data accessible to trade from.

And for Tricky... If you really think I am about greed then you havent been paying attention to what I post.

meh...not so much you but the finance industry in whole. Wall street does not have the nation's interest at heart and thus should be regulated more than the jews by the nazis.

godwin!

[Hey Bubu]

Originally Posted by david austin

Open up your econ history books. The 'Japan' chapters await you.

an aging xenophobe population with a female moe character fetish that can be compared to pedophilia?

[david austin]

Originally Posted by Hey Bubu

an aging xenophobe population with a female moe character fetish that can be compared to pedophilia?

E-Con... not Comic-Con

[DataBass]

Originally Posted by david austin

Actually short positions have been killed over and over since March.

My job is more about wealth protection and risk aversion rather than all in stock plays.

I do have scaled in positions for a downturn but thats in personal accounts that frankly anyone has the same type of data accessible to trade from.

I was talking from a personal investing standpoint, not making your clients rich.

Of course shorts have been killed since March, but what you have been saying is it is eventually going to get much worse and we are only up because of market manipulation.

I was just curious if you are backing up your beliefs of Armageddon with your personal investments.

[david austin]

Originally Posted by DataBass

I was talking from a personal investing standpoint, not making your clients rich.

Of course shorts have been killed since March, but what you have been saying is it is eventually going to get much worse and we are only up because of market manipulation.

I was just curious if you are backing up your beliefs of Armageddon with your personal investments.

I got long around July. The point at which the trend clearly had changed turned my focus towards the 10k mark. Like a magnet the market slowly melted up.

I actually think the turn happened 2 weeks ago and I have scaled in accordingly.

I dont know how much Armageddon we will actually see because if the markets do tip back towards the March lows we will likely see some massive changes to the system that will severely crimp the ability to be anything but long.

[Hey Bubu]

Originally Posted by david austin

E-Con... not Comic-Con

they are culturally related, so one reflects the other? HAHAH far fetched? YES, awesome metaphor? I think so

[PETA]

Originally Posted by tricky

Finance guys bitch about the government and the economy yet do anything and everything to fuck over everyone else if it means enriching themselves. History has shown this time and time and time and time after time.

Greed aka unchecked capitalism destroys.

Indeed, the experience of central economies in places such as the Soviet Union, China, North Korea, Venezuela and Cuba have certainly shown us the error of our ways... yet we cling to them like fools afraid to embrace the edens of those states I named.

Unchecked capitalism doesn't exist. Nor do many, sane people, advocate for it. You're tearing down a straw man.

Originally Posted by tricky

meh...not so much you but the finance industry in whole. Wall street does not have the nation's interest at heart and thus should be regulated more than the jews by the nazis.

godwin!

The market is regulated and please recall my comment from last night about the market and laws of supply and demand... they are ammoral and need to be understood as such. People will respond to those trends in a way that (they perceive) most benefits themselves. Others are free to do the same. That's called liberty. Restricting personal choice would be the opposite of that.

[tricky]

Originally Posted by PETA

Indeed, the experience of central economies in places such as the Soviet Union, China, North Korea, Venezuela and Cuba have certainly shown us the error of our ways... yet we cling to them like fools afraid to embrace the edens of those states I named.

Unchecked capitalism doesn't exist. Nor do many, sane people, advocate for it. You're tearing down a straw man.



The market is regulated and please recall my comment from last night about the market and laws of supply and demand... they are ammoral and need to be understood as such. People will respond to those trends in a way that (they perceive) most benefits themselves. Others are free to do the same. That's called liberty. Restricting personal choice would be the opposite of that.

If the regulated market got us into this current mess, I'd love to see what all the "less regulation" you guys are clamoring for will get us into.

[PETA]

Originally Posted by tricky

If the regulated market got us into this current mess, I'd love to see what all the "less regulation" you guys are clamoring for will get us into.

Well, then show me the more regulated market (state economy) that didn't get into this current mess and we'll have something to discuss. Otherwise, please note what I was saying; regulation is absolutely necessary. How much, where and when is subject to debate and is an elusive target.

You conveniently leave out Barney Frank as a central player in defeating GOP attempts to regulate some of the very issues that complicated out current crisis. I point him out not as a cause but as an example. There's plenty of blame and it isn't just broadly based across party lines but deeply into policy history... also across party lines.

Centrally planned ecomomies of the states I listed were in worse shape before the current crisis and the quality of life of the average citizen there is still worse now and will be after.

As to the very last line of my previous comments... I pointed out another continuum. Neither end should dominate. Liberty cannot be absolute nor should curtailment of same be accepted. It is no value judgement or even advocacy to note the continuum and I'd be shocked if you'd deny the fact reality the the far ends lead to trouble. The balance points... again, as above, subject to honest debate.