Weekly Charts

282
Fri, Jul 29, 2011 - 11:49pm

Presented without further comment. Turd tired. Turd need break. Regardless, Turd can't wait for Sunday 6:00.

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  282 Comments

SilverTree
Jul 29, 2011 - 11:57pm

First

I am up late buying gun stuff.

Jul 30, 2011 - 12:00am

second

Second- I am up late reading about you buying gun stuff. Kudos!

SilverTree
Jul 30, 2011 - 12:00am

Larue index clips baby.

Larue index clips baby.

Darth Smoker
Jul 30, 2011 - 12:07am
Jul 30, 2011 - 12:19am

On debt &deficits

Peter Schiff had a nice metaphor that likened Congress and the national debt to an overweight friend who procrastinates dieting.

I'd like to take it and run with it.

Our friend is 143 lbs overweight (14.3 Trillion). At the rate he is going, he will be nearly 300 lbs overweight in ten years. But he's got a new diet. And on this diet he will only be 263 lbs overweight in ten years. Sounds great!

According to the senate budget, they will "save" us 3.7 trillion dollars over the next ten years. We will only be 26.3 T in debt instead of 30 T.

The Boehner plan will "save" us a 917 billion, most of it rear-loaded. That means our friend will gain nine pounds less to 291 lbs overweight, but he will not, not, gain that nine pounds until the last few years of the diet.

(I am getting confused)

The politicians always talk about deficit reduction, never debt reduction. There is a big difference. Not gaining as much weight as they might have, but still gaining; and never losing any. Ever.

QE to infinity!

pourty
Jul 30, 2011 - 12:21am

Larue OSR

Larue OSR... I've been drooling over it for 2 years... wish I could afford one, but I got too much PM's instead ;-)

Kiwi
Jul 30, 2011 - 12:39am

Bonds R' Us

Being heavily long in treasuries and TIPS, I gotta say I'm loving the bond action the last few days. And it makes sense, even with all the default threats:

a) The Treasury has already says they will service the bonds first, before SS or military or other payments, so as long as Tim G. can scrape some coins together the bondholders get theirs.

b) Most mutual funds are restricted in their investments, if they dump stocks or corporate bonds they can only buy treasuries, they can't buy commodities. I'm betting a lot of funds are bailing out of stocks so there's lots of money being parked in treasuries.

As soon as a debt deal is reached this could reverse, but maybe not, if the stock slide continues the money might stay in "safe havens" until the market bottoms.

maravich44 Doctor J
Jul 30, 2011 - 12:45am

@Doc J Julius Erving?

I cannot see how any of this even covers the interest payments. Somewhere in the shadows of my mind, everything feels .......shit man I dunno eerie.

lostinspace
Jul 30, 2011 - 1:22am

Silvertree

Me too :-). Gazing lovingly at the new Micor Leader 50 BMG about to come out. A bullpup semi auto 50, with a 10 rd mag... yummy.

I'm setting aside $6,800 for this sexy beast!

https://www.defensereview.com/micor-defense-leader-50-ultra-compact-ligh...

zilverreiger
Jul 30, 2011 - 2:30am

you want .50 shells to go off

you want .50 shells to go off in your neck? no thanks ;p

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