Wall Street Analysts Everywhere Agree: (THE WORLD IS ENDING)..!

[jackovesk]

Wall Street Analysts Everywhere Are In Agreement: THE WORLD IS ENDING

Joe Weisenthal | Nov. 18, 2011

If you like your Wall Street analysis with a heavy dollop of rapture and Armageddon, today was the day for you.

Blame the weighty issues of the day (Europe, mostly), and yesterday's big selloff for the spasm of bearishness.



It started off with Nomura's Bob Janjuah. He said that any talk of the ECB saving Europe was a mere pipedream, and that if the ECB did go whole-hog buying up peripheral debt to suppress yields, then that would prompt a German departure from the the Eurozone.

Germany appears to be adamant that full political and fiscal integration over the next decade (nothing substantive will happen over the short term, in my view) is the only option, and ECB monetisation is no longer possible. I really think it is that clear and simple. And if I am wrong, and the ECB does a U-turn and agrees to unlimited monetisation, I will simply wait for the inevitable knee-jerk rally to fade before reloading my short risk positions. Even if Germany and the ECB somehow agree to unlimited monetisation I believe it will do nothing to fix the insolvency and lack of growth in the eurozone. It will just result in a major destruction of the ECB‟s balance sheet which will force an ECB recap. At that point, I think Germany and its northern partners would walk away. Markets always want short, sharp, simple solutions.

Okay, but that's Janjuah. He's always bearish so maybe that's not even news.

But then there was Deutsche Bank's Jim Reid, who is always sober, but not usually wildly negative. He offered up one of the most bearish lines in history in regards to German opposition to ECB debt monetization:

If you don't think Merkel's tone will change then our investment advice is to dig a hole in the ground and hide.

Oy.

But it got even wilder with the latest from SocGen's Dylan Grice. Again, he's always pretty negative, but he cranked it up a notch, comparing Germany's policy today against the policies that enabled the rise of Hitler. Specifically, he said that post-Weimar, Germany became too aggressive about fighting inflation, thus prompting deflation, thus prompting more unemployment, thus enabling the rise of the Nazis.

He included this chart:



And finally, in our inbox, we just received the latest note from Nomura rates guru George Goncalves, which is titled: US and Europe: At the Point of No Return?

He writes:

...we were wrong in assuming one could be optimistic around the EU policy process and have learned our lesson not to accept apathy as a sign that all is factored in as its clear downside risks remain. In fact, we could be approaching the point of no return for the fate of the euro, the European financial system and more broadly the concept of a singular economic zone for Europe; this obviously would change the path for the US and the global economy in a heartbeat too. We still believe there is time to prevent worst-case scenarios, but these sort of watershed moments reveal one thing, that market practitioners are ill-equipped to navigate the political process, especially one that is driven by 17 different governments.

That's it. Hope everyone has a fantastic weekend!

And definitely, read Dylan Grice's brilliant note >

DYLAN GRICE: Germany Is Making The Same Mistake That Allowed The Nazis To Come To Power

In his latest note, famously bearish SocGen analyst Dylan Grice goes there. Big time.

The subject of the note is Weimar, hyperinflation, and all that money printing that anyone talks about.

But it's not what you'd expect. He's not saying Germany printed money, and that caused Weimar hyperinflation and that caused Nazis. He's saying memories of Weimar caused Germany too adhere too much to hard money, and that caused unemployment and that lead to the Nazis.

The lesson Grice tells?

He writes:

And here enters a wistful historical counterfactual: how different might history have been if the Germans had inflated their economy when the crisis broke?

Here's his lesson:

It's impossible to say, of course. By 1931 the world was in depression. Germany would have been too, with or without its pathological fear of inflation. The Nazis would presumably have made the same electoral gains. But suppose Germany had inflated in 1931, like the U.K. did. The following chart compares the trajectory of the U.K. unemployment rate after it had left the gold standard with that of Germany, who stayed on.

After leaving the gold standard, the U.K. saw its unemployment rate decline by about a third from 1931 to 1933, while Germany's rose significantly over the same period. If Germany had been willing to follow the U.K. in inflating, and its unemployment rate had followed a similar trajectory, it would have stood at 17% rather than 33%. Would this have averted what followed? Would Hitler have won that March 1933 election with 45% of the vote? Would the world have experienced the evils of the Nazis in power? World history might have been very different. There might not even be a euro today, let alone a euro crisis.

And this is the killer conclusion

So even a hard money libertarian like me can see that there have been times in history when creating inflation would have been the right thing to do. Germany today has to decide if now is one of those times.

Europe's crisis today is orders of magnitude smaller than that in the early 1930s. The stakes are much lower today than they were then. But they are not low. And, just as it might have done in the 1930s, flexibility on hard money principles might help turn the tide. ECB involvement cannot solve the underlying problems of the eurozone economies, which are anti- entrepreneurial and too heavily regulated. But it will buy time with which to address these problems and so allow eurozone policy makers to get ahead of the panic for now.

http://www.businessinsider.com/unemp...y-vote-2011-11

http://www.businessinsider.com/apoca...-notes-2011-11

PS - Not much else to say, we don't know already..!

[slipknotted]

bull**** the world is not ending !

[lightseeker]

I witness so much chatter both in main stream meadia including on this site and many others. Many think that the system can perhaps be changed or the corruption can be moved from the system. I disagree. The entire at every level, political, social, economic etc. has broken, it has gone as far as it will ever go. It no longer functions, and whether or not people agree it is coming down. In my view it needs too in order for all of our to co-create a new future. I may be wrong, but I believe the Mayan and so many other prophecies world wide are telling us this. I do not believe wasting our time trying to fix a hopelessly corrupt world system is needed. Would it not be better expending our energy and conciousness to creating/bring into being what will replace it. Unit conciousness where in we begin to work together for the common good.

[Lord Sidious]

Posted by slipknotted (here)
bull**** the world is not ending !

THE world isn't, but THIS world is.
And bring it on I say.
The sooner the better.

[RMorgan]

Posted by Lord Sidious (here)

Posted by slipknotted (here)
bull**** the world is not ending !

THE world isn't, but THIS world is.
And bring it on I say.
The sooner the better.

I can´t wait any longer as well, Rob. Bring it on!!

[ROMANWKT]

I have been trying to say this for a long time, look at what is happening, in Europe, UK, US, ASIA. its a winding down, there is no shortage of anything including work, there is absolutely no problem, all is purposely winding down, they are shutting shop all over, it all on purpose, its all being wound down, and we know they know what is to happen soon, all destruction is on purpose, everything, everywhere, even if we stopped them, we cant stop the coming changes, they do know. look who controls everything and you will see them shutting shop.

regards to all
roman

[Kano]

Yes, they are indeed winding things down. The JDL is advising all American Jews to either return home or buy weapons. Obama announces a huge return of troops by year's end. Supposedly now there has been an announcement that some 20,000 troops will be operating inside the borders of the US for a possible "event".

I dislike when timelines and dates are given just as much as the next person, but we do seem to be culminating to an end result. I believe that to be the economic crash.

There are many things pointing to this collapse and yet many people will be caught with their pants down.

All I'm saying is that those people who are unprepared mentally, physically, emotionally, spiritually, whatever the case may be, do not come knocking on my door to help you pull your pants back up. We have all seen these things unfold. We have all had access to the same information. I took action based upon a balanced objective approach to what is actually going on on this planet. You should have too.

I'm all for uplifting my fellow human but the way I see it, to the willfully ignorant, we can be friends again after the tribulation is over, not during.

Sorry, had to get that off my chest...

[TigaHawk]

THEIR world is ending

Ours is just beginning

[astrid]

Source: https://youtube.com/watch?v=_eyFiClAzq8

More than fine actually.......

[Lord Sidious]

Posted by Kano (here)
Yes, they are indeed winding things down. The JDL is advising all American Jews to either return home or buy weapons. Obama announces a huge return of troops by year's end. Supposedly now there has been an announcement that some 20,000 troops will be operating inside the borders of the US for a possible "event".

I dislike when timelines and dates are given just as much as the next person, but we do seem to be culminating to an end result. I believe that to be the economic crash.

There are many things pointing to this collapse and yet many people will be caught with their pants down.

All I'm saying is that those people who are unprepared mentally, physically, emotionally, spiritually, whatever the case may be, do not come knocking on my door to help you pull your pants back up. We have all seen these things unfold. We have all had access to the same information. I took action based upon a balanced objective approach to what is actually going on on this planet. You should have too.

I'm all for uplifting my fellow human but the way I see it, to the willfully ignorant, we can be friends again after the tribulation is over, not during.

Sorry, had to get that off my chest...

The JDL is another one of those organisations that would evaporate if the jewish sheep discovered that the jewish shepherd is lying about there being lots of wolves out there.
I would take their word with at least a tonne of salt.

[modwiz]

Posted by Kano (here)
Yes, they are indeed winding things down. The JDL is advising all American Jews to either return home or buy weapons. Obama announces a huge return of troops by year's end. Supposedly now there has been an announcement that some 20,000 troops will be operating inside the borders of the US for a possible "event".

I dislike when timelines and dates are given just as much as the next person, but we do seem to be culminating to an end result. I believe that to be the economic crash.

There are many things pointing to this collapse and yet many people will be caught with their pants down.

All I'm saying is that those people who are unprepared mentally, physically, emotionally, spiritually, whatever the case may be, do not come knocking on my door to help you pull your pants back up. We have all seen these things unfold. We have all had access to the same information. I took action based upon a balanced objective approach to what is actually going on on this planet. You should have too.

I'm all for uplifting my fellow human but the way I see it, to the willfully ignorant, we can be friends again after the tribulation is over, not during.

Sorry, had to get that off my chest...

Jews return home? Most of my Jewish friends have families that come from Russia, Poland, Germany and Hungary mainly. So I wonder where Abe 666man is referring to?

Guns? A tiny population awash in a sea of another population would be very ill advised to suddenly pose a threat. They may be armed but they would be seriously outgunned by a factor of around 48:1 maybe 9:1 if you want to get really hopeful, from the minority view.

The purpose of this post is to show how organizations like the ADL do not have the interests of the intended people at heart. Their real safety is in assimilating with the rest of the world who are more than willing to embrace them. It is actually how it really is and why Jewish people are thriving and doing so well. They have no organized enemies on a scale that matters.

As Lord Sidious says, it is their own wolves in sheep's clothing who will lead them astray. Typical of all of our leaders of any denomination. The only finger pointing coming from this direction is at those who claim to have 'our' best interests at heart. It is all doublespeak and lies. Our leaders, almost to a man and woman, are all sociopaths with a good number of psychopaths in the mix. They are the ones who will have to run and hide. Where is their home?

[Lord Sidious]

Posted by modwiz (here)

Posted by Kano (here)
Yes, they are indeed winding things down. The JDL is advising all American Jews to either return home or buy weapons. Obama announces a huge return of troops by year's end. Supposedly now there has been an announcement that some 20,000 troops will be operating inside the borders of the US for a possible "event".

I dislike when timelines and dates are given just as much as the next person, but we do seem to be culminating to an end result. I believe that to be the economic crash.

There are many things pointing to this collapse and yet many people will be caught with their pants down.

All I'm saying is that those people who are unprepared mentally, physically, emotionally, spiritually, whatever the case may be, do not come knocking on my door to help you pull your pants back up. We have all seen these things unfold. We have all had access to the same information. I took action based upon a balanced objective approach to what is actually going on on this planet. You should have too.

I'm all for uplifting my fellow human but the way I see it, to the willfully ignorant, we can be friends again after the tribulation is over, not during.

Sorry, had to get that off my chest...

Jews return home? Most of my Jewish friends have families that come from Russia, Poland, Germany and Hungary mainly. So I wonder where Abe 666man is referring to?

Guns? A tiny population awash in a sea of another population would be very ill advised to suddenly pose a threat. They may be armed but they would be seriously outgunned by a factor of around 48:1 maybe 9:1 if you want to get really hopeful, from the minority view.

The purpose of this post is to show how organizations like the ADL do not have the interests of the intended people at heart. Their real safety is in assimilating with the rest of the world who are more than willing to embrace them. It is actually how it really is and why Jewish people are thriving and doing so well. They have no organized enemies on a scale that matters.

As Lord Sidious says, it is their own wolves in sheep's clothing who will lead them astray. Typical of all of our leaders of any denomination. The only finger pointing coming from this direction is at those who claim to have 'our' best interests at heart. It is all doublespeak and lies. Our leaders, almost to a man and woman, are all sociopaths with a good number of psychopaths in the mix. They are the ones who will have to run and hide. Where is their home?

Not ADL, JDL, the jewish defense league.
You know?
They were once listed as the no 1 domestic terror threat by the FBI.

[modwiz]

Posted by Lord Sidious (here)

Posted by modwiz (here)

Posted by Kano (here)
Yes, they are indeed winding things down. The JDL is advising all American Jews to either return home or buy weapons. Obama announces a huge return of troops by year's end. Supposedly now there has been an announcement that some 20,000 troops will be operating inside the borders of the US for a possible "event".

I dislike when timelines and dates are given just as much as the next person, but we do seem to be culminating to an end result. I believe that to be the economic crash.

There are many things pointing to this collapse and yet many people will be caught with their pants down.

All I'm saying is that those people who are unprepared mentally, physically, emotionally, spiritually, whatever the case may be, do not come knocking on my door to help you pull your pants back up. We have all seen these things unfold. We have all had access to the same information. I took action based upon a balanced objective approach to what is actually going on on this planet. You should have too.

I'm all for uplifting my fellow human but the way I see it, to the willfully ignorant, we can be friends again after the tribulation is over, not during.

Sorry, had to get that off my chest...

Jews return home? Most of my Jewish friends have families that come from Russia, Poland, Germany and Hungary mainly. So I wonder where Abe 666man is referring to?

Guns? A tiny population awash in a sea of another population would be very ill advised to suddenly pose a threat. They may be armed but they would be seriously outgunned by a factor of around 48:1 maybe 9:1 if you want to get really hopeful, from the minority view.

The purpose of this post is to show how organizations like the ADL do not have the interests of the intended people at heart. Their real safety is in assimilating with the rest of the world who are more than willing to embrace them. It is actually how it really is and why Jewish people are thriving and doing so well. They have no organized enemies on a scale that matters.

As Lord Sidious says, it is their own wolves in sheep's clothing who will lead them astray. Typical of all of our leaders of any denomination. The only finger pointing coming from this direction is at those who claim to have 'our' best interests at heart. It is all doublespeak and lies. Our leaders, almost to a man and woman, are all sociopaths with a good number of psychopaths in the mix. They are the ones who will have to run and hide. Where is their home?

Not ADL, JDL, the jewish defense league.
You know?
They were once listed as the no 1 domestic terror threat by the FBI.

Oops. I wonder what Abe thinks about the advisory? Thanks for the correction.

I feel like Emily Littela on the SNL skit where she went off on a rant about Endangered Feces only to have Chevy Chase inform her the subject was about Endangered Species. As she said, "Nevermind".

[Kano]

[/QUOTE]The JDL is another one of those organisations that would evaporate if the jewish sheep discovered that the jewish shepherd is lying about there being lots of wolves out there.
I would take their word with at least a tonne of salt.[/QUOTE]

I could not agree more, Rob.

[WhiteFeather]

Posted by TigaHawk (here)
THEIR world is ending

Ours is just beginning

Got That Right!

[pharoah21]

Posted by WhiteFeather (here)

Posted by TigaHawk (here)
THEIR world is ending

Ours is just beginning

Got That Right!

I don't think it'll be that simple. Rarely do I play the doom and gloomer but do you see what's happening in Egypt right now? I expect that's just a small sample of what'll start happening when the fit hits the shan in the west

[Maia Gabrial]

THEIR world is ending

Ours is just beginning

You said it best, Tigahawk! THEY have to worry because their corruption is coming to an end. THAT'S the change I see coming.

[toad]

Posted by slipknotted (here)
bull**** the world is not ending !

I'm inclined to agree, regardless of what happens to our economy and what happens to humanity, the world will certainly not end, it would simply be transformed. A matter of semantics I imagine.

The global economic climate is at the very presuppose of some seriously bad times. I feel we are at a tipping point, the difference today then in past shifts, revolutions and depressions, is today it will happen faster, and with the advent of such suppression of information and the intoxicating effect of misinformation that is so quickly spread we would likely not know the worst is here till its already happened.