The BillyB, Aster & JR8 roundtable!

[aster]

Somebody needs to do a lot more than a "limp-wristed leftist hatchet job" on Sarah Palin... they need to shut the bimbo down and send her back with her moose. It is truly scary that an idiot of Sarah's monumental proportions actually got onto the presidential ticket.

I need to dig up that old topic where someone called Palin an idiot and our buddy JR8 went berserk on him and anyone else who made similar comments about her. It was absolutely hilarious to read.

[JR8]

Awwwww.... how sweet, I knew you cared

I thought we better save a copy of your post for posterity, in case you had a head-twitch and twigged how inappropriate it is.

Oh, you didn't reply to my question about Chinese and Sub-continentals, you went for the needless ad hom on me instead. So, you hate Jews and blacks this we know, I take it that you hate Chinese and Sub-continentals too. What names do you call them.... come on, reveal all. When you refer to the Chinese, do you do the 'slitty eyes' gesture too?

p.s. Have you ever told a Jewish person who works in finance to their face that you hate them, simply because they are Jewish and er, work in finance? There are probably some on this forum/community now, what would you say to them if they popped by now to ask you why you hated them? Just curious.


Meanwhile this is reputed to be Our Correspondent, after-hours:
Good pic hey, but sister it must be a nightmare to keep that pink dye from running!?



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Fortuitous for you you're not making the comment on a UK forum, as one report of such racism to the police, and they'd be knocking at your door.

Fortuitous for you you're not making such submoronic comments on a UK forum, as a delegation from the local cuckoo's nest would show up quoting the "mental health act."

Yeah, call the cops and tell them someone is quoting Shakespeare, lol. You must have watched "V for Vendetta" or "Fahrenheit 451" one too many times...

Ooh-er, slipping into AfAm patois.... for a moment I thought you might be black yourself!!!

No comment...

what I said, whilst you were attempting a predictable limp-wristed leftist hatchet job on her, was that she has achieved more in her life than you ever will. I suppose that stung.

Coming from a life failure like yourself it certainly couldn't have stung. You always make up stories that contradict themselves, then you post how you were a punching bag for your now ex-wife, I don't think anybody's sure any more what's real and what you're just making up. One thing's for sure: you have some personality disorder(s) that need sorting out. Go see a professional.

you're racist towards jews and blacks, any other races you hate, how about Chinese or those from the sub-continent?

Yet another submoronic comment... as expected.

Like I said, I don't like shylocks - dishonest, greedy money-lenders with a complete lack of ethics (aka global financial institutions). Anything else is just a figment of your imagination...

I also have a severe dislike of people who could easily be classified as idiots, which is why you and I don't seem to get along.

[aster]

Like I said, I have a dislike for global financial institutions that fit the "bunch of dishonest, greedy money-lenders with a complete lack of ethics" category. I think I've made that perfectly clear, only a very rare dumbass like yourself would have trouble understanding that.

I happen to like Shakespeare's portrayal of that sort of attitude. It's a bit too late to wish that you were better educated, but picking up a book from time to time wouldn't hurt.

Of course in the meantime please feel free to base all your opinions on what Google Images churns out...

[JR8]

Yes yes. Well I think it'd be better if we don't allow this topic to become dominated completely by your racism and bigotry.

So!, back to basics eh . What have you dealt in this week?

I tucked away £20k today, I think that's £70k on the week. High yield blue chips. All have 5+ year uninterupted EPS and Div growth. All over a few Bn+ Capn. All have Div cover of over 1.5, and so on.

Running yield on these so far is over 6%.

You?

[aster]

I keep saying that I don't like global financial institutions that fit the "bunch of dishonest, greedy money-lenders with a complete lack of ethics."

And each and every time you're telling me that I don't like Jews. So according to you, Jews = dishonest, greedy and devoid of ethics?

By the way, not interested in your stories. Last time around you were telling people contradicting tales, then we heard how you're held up in some great mansion somewhere in Germany and that... I am paying for it. Not to mention your ex slapping you about.

Tell your stories to a shrink and see if they can help you out.

[BillyB]

Will you two get a room - this shit has been backwards and forwards for nearly a year!

[Mi Amigo]

Meanwhile, back in Euro-land...

One of my favourite podcasts is NPR's This American Life; they recently ran a show (with the NPR Planet Money team) called Continental Breakup, all about the history of the Euro up to this point. My thoughts on listening to this were basically "OMG, it's even worse than I thought..."

http://www.thisamericanlife.org/radio-a ... al-breakup

[JR8]

Meanwhile, back in Euro-land...

One of my favourite podcasts is NPR's This American Life; they recently ran a show (with the NPR Planet Money team) called Continental Breakup, all about the history of the Euro up to this point. My thoughts on listening to this were basically "OMG, it's even worse than I thought..."

http://www.thisamericanlife.org/radio-a ... al-breakup

Lol.... Thanks for the link, very interesting to hear it condensed down into one hour. Especially revealing that no one believed Greece's figures before entry to the euro, but the politicians all felt it impolite to accuse them of lying. Oh and that applied to all the Club Med countries.

Relax Bunter. Acquiescing before racists is accepting their behavior. Same as accepting kiasu crap from people on the MRT etc. I indulge neither.

Aster, nothing I have ever written in this forum is untrue. If you can't figure it out, and you do seem to have rather a fixation with my private life, that is not my problem or concern. By the way, it's -8C today so I'm getting an added warm glow knowing that you are helping to pay my heating bills as I ramp it up to a nice and toasty 25C in my free home (thanks again for that too!).

[Strong Eagle]

Will you two get a room - this shit has been backwards and forwards for nearly a year!

+1

[JR8]

Portuguese 10yrs hit 17.38% yesterday.

Mmm... rub your hands and warm them against that raging fire.

p.s. Edit to add:
I thought the euro crisis was supposedly bad for British trade? But it seems to be the contrary.
http://order-order.com/2012/01/29/zero- ... -eurozone/

[Strong Eagle]

Portuguese 10yrs hit 17.38% yesterday.

Mmm... rub your hands and warm them against that raging fire.

p.s. Edit to add:
I thought the euro crisis was supposedly bad for British trade? But it seems to be the contrary.
http://order-order.com/2012/01/29/zero- ... -eurozone/

Since these countries "can't fail", I see both an investment opportunity and a ripoff of giant proportions on the part of the banks.

[JR8]

Since these countries "can't fail", I see both an investment opportunity and a ripoff of giant proportions on the part of the banks.

Yeah you and George Soros

There is an amazing fraud unfolding. We have already swallowed banks 'privatising profit and socialising debt', as you mentioned way back when.

Now we have an ECB printing money on margin, and lending (10-14 days ago) e480Bn to EU banks at 1% for three years. The gullible claim the ECB is alone amongst the global central banks in not printing money, boo hiss etc.... oh, yer reckon! The aim of this is that EU banks would then be flush with money to buy EU sovereign bonds. EU sovereigns get nice unchallenging funding, and 'all seems well in Europe'. Banks borrow at 1% and stick it in PIIGS at 6-17% - nice carry trade eh? So banks get to rebuild their balance sheets courtesy of the carry on can't-fail EU Sovereigns.

It's a merry-go-round, a mirage, financed by the taxpayer. It is is no surprise it is called the 'Sarko Trade', Sarkozy hopes it will keep an illusion of wellbeing going on long enough for him to be re-elected in the Spring.

The irony is these flush banks are so $hit scared of their own shadows that rather than exploiting the carry, they're largely parking the funds back in the ECB at an overnight rate of 0.25%. It doesn't bode very well does it?

News today is that the next ECB 'throw money at banks' operation is on Feb 29, and word is banks are going to apply for 2-3 times as much funding as last time, i.e. e1.0-1.5Tn of tax-payers money. Well, that should keep the illusion going for a while longer, meanwhile some people ask why the S&P EU downgrades of last week had little impact a) the markets had already long taken them into account, as usual b) there is a sea of ECB money swilling around and some of it is ready to buy any sovereign junk out there, with multiples more on it's way in Feb.

[aster]

Two great links with interesting visuals:

http://demonocracy.info/infographics/eu ... piigs.html

http://usdebt.kleptocracy.us/

[JR8]

Working +5800 VOD @ 170. Yeah I know boring, but a pretty little thing and piece of the solid calm high-yield long term portfolio mosaic being laid out.



$hit 107.45.... down down, GET DOWN!



p.s. never does £25 matter more to me than when executing a trade for my own account lol

Edit: Complete f$$$ing c$$$ of an adjusted fill at 70.50. Still fits the portfolio and 5.22% running yield.

[Strong Eagle]

Two great links with interesting visuals:

http://demonocracy.info/infographics/eu ... piigs.html

http://usdebt.kleptocracy.us/

Pretty pictures but kind of meaningless. Which is more important? The debt or unemployment? What's an "appropriate" level of debt? Does debt matter if you can borrow at virtually zero percent and just keep rolling it over.

I don't have the experience of the EU. I do know that it was Reagan that massively increased borrowing, and except for a brief blip under Bill Clinton, the debt has spiraled upward without relief.

Here is what I believe to be a fact: NO country will ever pay down their debt in any meaningful manner... none... zero... nada... least of all... Greece... UK... USA. Accept this fact and we can move forward.

Excesses of the present will have to be paid for in the future. The question is who takes the loss. As JR8 pointed out, the banks are socializing loss, sticking taxpayers with unsustainable debt.

So... the US and EU forces austerity... and a demand to pay up... like they say in Singapore... so how? This has been a singularly useless policy to date.

The other answer is to monetize the debt... print money. Who suffers? Bond holders... like I said, who should feel the pain. Six percent inflation halves the debt in about eight years, give or take. It also injects money into an economy that drives expansion, not shrinkage.

I can't find a better way to spread the debt pain than monetize the debt. What are the alternatives? Debt will never be paid off through tax increases and spending decreases... the pressures to move in the opposite directions are too great.