HomeFairfax General ForumArrest/Ticket SearchWiki newPictures/VideosChatArticlesLinksAbout
Off-Topic :  Fairfax Underground fairfax underground logo
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Obama tries to crash the markets
Posted by: Transparent is transparent ()
Date: October 02, 2013 08:56PM

Wall Street wonders if Obama WANTS a sell-off


Published: Wednesday, 2 Oct 2013 4:53 PM ET

President Barack Obama's best friend could be Wall Street's worst nightmare.

A little market crisis—not enough to crash the economy into recession but enough to stir public fear that would push Republicans to the negotiating table—could be just what settles the impasse in Washington and reopens the government, according to investing pros and market observers.

In an exclusive interview with CNBC's John Harwood, the president warned Wall Street that this shutdown could be different. Previous halts in nonessential government activities have caused little market reaction, with major averages actually rising most of the time in the month after the shutdowns are settled.
Obama's remarks indicated to some observers that he is trying to push investors out of the relative complacency they have shown so far.

(Read more: Obama to Wall Street: This time be worried)

"They feel that a severe market selloff would be helpful to break the logjam," said Greg Valliere, chief political strategist at Potomac Research Group in Washington. "It would be helpful in making the Republicans sue for peace. Obama and [Senate minority leader] Harry Reid believe.

Twitter was abuzz about the interview, with some sharing Valliere's opinion.

While Valliere said the Democratic president and his chief Senate lieutenant are playing a dangerous game, the political advantage so far has been Obama's.

"All of the players in this game are playing with fire," he said. "This is hardball at its most brutal. They're not inclined to compromise. They want to make the markets squirm."

Wall Street has been unrattled by the shutdown and its ramifications for the debt ceiling battle.

While the stock market sandwiched two modest losses Monday and Wednesday around a small gain Tuesday, interest rates have barely budged. That's consistent with previous shutdowns, though none faced the specter of the government actually defaulting on its obligations.

Obama's approach, though, was beginning to wear thin with some market participants.

"It's obvious this stalemate is going to continue for many days, if not weeks, now based on the 'sharp elbow' responses by the president in the CNBC piece," Todd Schoenberger, managing director at LandColt Capital, said in a statement. "Unless a resolution in Washington happens soon, investors should brace themselves for violent volatility in the equity markets for the foreseeable future."

The nonconciliatory tone bothered some.

"It's very difficult when the president says 'I'll compromise, I'll talk to anyone, as long as you agree with everything I say,' " Steve Grasso, a trader at Stuart Franke, said on CNBC.

Carol Roth of Intercap Merchant Partners called Obama's tone "too subtle if he wants the market's help right now" and said he should have used stronger language about the direction he wanted the Federal Reserve to take.

The president did not discuss whom he would name to replace Fed Chairman Ben Bernanke, whose second term expires in January.

"What's clear from the president's remarks are two things: 1) Despite his claims to the contrary, he is pushing the rhetoric that this is Republicans' fault and, more specifically, tea party Republicans; and 2) that he is out of his depth when discussing financing issues," Roth said.

"While he pandered to small business and the middle class and tried to explain the mandate of the Fed, he is completely unaware or unfazed by the fact that current policies are doing the exact opposite of what he claims he is trying to accomplish."

Anthony Scaramucci, founder at the SkyBridge Capital hedge fund, also faulted the president for lack of leadership.

"His rhetoric about being worried is unsound, he is the one that has to be worried," Scaramucci said. "If he allows the government to default at this hour in our history, it would be a terrible blow to a fragile recovery."

http://www.cnbc.com/id/101082066



TL/DR version - Obobo's a fucktard whose main interest is in making things seem worse for his own political purposes. It won't work. People see through his obvious bullshit. He plays poker like a girl.

Options: ReplyQuote
Re: Obama tries to crash the markets
Posted by: logjam ()
Date: October 02, 2013 09:05PM

I had a logjam once... I had to push extra hard. I thought I was going to have to get my hands involved, but it eventuually came out. My asshole bled a lot though...

Options: ReplyQuote
Best Bars in Tyson's Corner for MILF's, Cougars and Drunk Soccer Mom's
Posted by: WingNut ()
Date: October 02, 2013 09:12PM

Transparent is transparent Wrote:
-------------------------------------------------------

> TL/DR version - Obobo's a fucktard whose main
> interest is in making things seem worse for his
> own political purposes. It won't work. People
> see through his obvious bullshit. He plays poker
> like a girl.

Amen on poker like a girl.

Obuttzo has zero fucking game, not a player, not a hustler, not even a good rabble rouser like Sharpton and Jackson.

I told a black friend a few months back that Obambo isn't even really a brother having grown up in Indonesia and Hawaii with his white grandfolks
(who he now disses). My buddy was offended at first but he has come around.

Obumma is a white libtards wet dream of their ideal black man,- light skinned, non-threatening, good speaker(on the teleprompter). AND of course, a devoted mouthpiece for the progressive cause. Who cares that he has no street cred, no "slave blood" and probably never saw the hood until he moved to Chicago? white libtards need black friends and he is it.

Because Oblobbo has been coddled and treated like a rare oddity by the white libtards, he never really developed any serious fighting sense or practical abilities. He is the equivelant of a male model. A faggot and a soft chump.

And yes, Obumma would love the economy to crash and crash NOW. It will dump eventually when the fed stops printing money, if he can have it happen at a politically convenient time, he will be thrilled. Blame the "anarchists" and "terrorists".

Of course though as much as Obozo wants this, it probably is the idea of Valerie Jarrett, Axelrod or other leftist advisors of his. Any dickhead who can't pronounce "corpsman" or thinks there is an "Austrian Language" at the age of 50 is pretty mentally limited. Shame no one has ever had the guts to ever, ever tell him.


idontlikebeingrightaboutshitlikethisbutiam



Edited 21 time(s). Last edit at 5/31/1967 05:57AM by WingNut.

Last edit at 11/30/2015 01:37PM Last edit at 5/14/2015 03:52PM Last edit at 1/28/2014 05:57AM Last edit at 11/29/2015 01:10PM Last edit at 3/14/2011 11:52PM Last edit at 7/20/2012 04:07AM
Last edit at 6/29/2013 11:18PM Last edit at 3/19/2011 01:02PM Last edit at 3/26/2012 09:07PM



Edited 1 time(s). Last edit at 12/17/2015 09:43AM by WingNut.


Options: ReplyQuote
Re: Obama tries to crash the markets
Posted by: Gerrymanderer2 ()
Date: October 02, 2013 09:14PM

Nope, Obama has just saved the economy. It's better to have a sell off that averts a default than it is to have a default that creates a sell off that won't be able to rebound.

Options: ReplyQuote
Re: Obama tries to crash the markets
Posted by: WingNut ()
Date: October 02, 2013 09:14PM

Gerrymanderer2 Wrote:
-------------------------------------------------------
> Nope, Obama has just saved the economy. It's
> better to have a sell off that averts a default
> than it is to have a default that creates a sell
> off that won't be able to rebound.
Attachments:
gary-glitter.jpg

Options: ReplyQuote
Re: Obama tries to crash the markets
Posted by: Gerrymanderer2 ()
Date: October 02, 2013 09:14PM

He's trying to save your stupid asses from your own insanity.

Options: ReplyQuote
Re: Obama tries to crash the markets
Posted by: MEDIC! ()
Date: October 02, 2013 09:39PM

WingNut Wrote:
-------------------------------------------------------
> Transparent is transparent Wrote:
> --------------------------------------------------
> -----
>
> > TL/DR version - Obobo's a fucktard whose main
> > interest is in making things seem worse for his
> > own political purposes. It won't work. People
> > see through his obvious bullshit. He plays
> poker
> > like a girl.
>
> Amen on poker like a girl.
>
> Obuttzo has zero fucking game, not a player, not a
> hustler, not even a good rabble rouser like
> Sharpton and Jackson.
>
> I told a black friend a few months back that
> Obambo isn't even really a brother having grown up
> in Indonesia and Hawaii with his white grandfolks
>
> (who he now disses). My buddy was offended at
> first but he has come around.
>
> Obumma is a white libtards wet dream of their
> ideal black man,- light skinned, non-threatening,
> good speaker(on the teleprompter). AND of course,
> a devoted mouthpiece for the progressive cause.
> Who cares that he has no street cred, no "slave
> blood" and probably never saw the hood until he
> moved to Chicago? white libtards need black
> friends and he is it.
>
> Because Oblobbo has been coddled and treated like
> a rare oddity by the white libtards, he never
> really developed any serious fighting sense or
> practical abilities. He is the equivelant of a
> male model. A faggot and a soft chump.
>
> And yes, Obumma would love the economy to crash
> and crash NOW. It will dump eventually when the
> fed stops printing money, if he can have it happen
> at a politically convenient time, he will be
> thrilled. Blame the "anarchists" and
> "terrorists".
>
> Of course though as much as Obozo wants this, it
> probably is the idea of Valerie Jarrett, Axelrod
> or other leftist advisors of his. Any dickhead who
> can't pronounce "corpsman" or thinks there is an
> "Austrian Language" at the age of 50 is pretty
> mentally limited. Shame no one has ever had the
> guts to ever, ever tell him.

You really need mental health treatment.

Options: ReplyQuote
Re: Obama tries to crash the markets
Posted by: Here to stay ()
Date: October 02, 2013 09:46PM

Thank God for Obama!

Options: ReplyQuote
Re: Obama tries to crash the markets
Posted by: Asking a lot ()
Date: October 02, 2013 09:50PM

obama+leadership+skills+.jpg

Options: ReplyQuote
Re: Obama tries to crash the markets
Posted by: trogdor! ()
Date: October 02, 2013 09:50PM

Gerrymanderer2 Wrote:
-------------------------------------------------------
> Nope, Obama has just saved the economy. It's
> better to have a sell off that averts a default
> than it is to have a default that creates a sell
> off that won't be able to rebound.

Regarless of your politics, the President of the United States should NEVER send a message to the world that "Yeah, you shouldn't hold our treasuries because we might default. If not this time, almost certainly at some point in the future. Buying our debt, is just, you know, fucking crazy!"

That was amateurish and freightning. Could you imagine a CEO, involved in a bitter labor dispute, telling the stock market "Dump our stock, I think we're going bankrupt. If not today..probably at some point soon"???

A CEO would have been fired immediately.

Options: ReplyQuote
Re: Obama tries to crash the markets
Posted by: wWXeH ()
Date: October 02, 2013 09:54PM

trogdor! Wrote:
-------------------------------------------------------
> Gerrymanderer2 Wrote:
> --------------------------------------------------
> -----
> > Nope, Obama has just saved the economy. It's
> > better to have a sell off that averts a default
> > than it is to have a default that creates a
> sell
> > off that won't be able to rebound.
>
> Regarless of your politics, the President of the
> United States should NEVER send a message to the
> world that "Yeah, you shouldn't hold our
> treasuries because we might default. If not this
> time, almost certainly at some point in the
> future. Buying our debt, is just, you know,
> fucking crazy!"
>
> That was amateurish and freightning. Could you
> imagine a CEO, involved in a bitter labor dispute,
> telling the stock market "Dump our stock, I think
> we're going bankrupt. If not today..probably at
> some point soon"???
>
> A CEO would have been fired immediately.


Exactly. An extraordinarily dumb move. I really can't remember or imagine any other President doing the same.

Options: ReplyQuote
Re: Obama tries to crash the markets
Posted by: Stabitha ()
Date: October 02, 2013 09:58PM

trogdor! Wrote:
-------------------------------------------------------
>
> A CEO would have been fired immediately.
Attachments:
square-large-cib.gif

Options: ReplyQuote
Re: Obama tries to crash the markets
Posted by: Gerrymanderer2 ()
Date: October 02, 2013 10:05PM

He's telling the business community to be proactive as it relates to their influence over Republicans. He is telling them they should be concerned over the threat Republicans pose to the economy. Dumbass Republicans have no fucking clue the damage they can do by playing with the debt ceiling. It needs to be explained to them by their donors.

Options: ReplyQuote
Re: Obama tries to crash the markets
Posted by: OJT ()
Date: October 02, 2013 10:08PM

obama-amateur.jpg

Options: ReplyQuote
Re: Obama tries to crash the markets
Posted by: They're not as dumb as you ()
Date: October 02, 2013 10:17PM

Gerrymanderer2 Wrote:
-------------------------------------------------------
> He's telling the business community to be
> proactive as it relates to their influence over
> Republicans. He is telling them they should be
> concerned over the threat Republicans pose to the
> economy. Dumbass Republicans have no fucking clue
> the damage they can do by playing with the debt
> ceiling. It needs to be explained to them by their
> donors.


A. The debt ceiling's not even on the table at this point.

B. They obviously called up his pals at The Department of Propaganda aka NBC and had them schedule an interview specifically to push this weak blatant manipulative crap.

C. As the reaction shows, everybody knows that it's lame political BS.

Options: ReplyQuote
Re: Obama tries to crash the markets
Posted by: Liberal Logic 28 ()
Date: October 02, 2013 10:46PM

trogdor! Wrote:
-------------------------------------------------------

> Regarless of your politics, the President of the
> United States should NEVER send a message to the
> world that "Yeah, you shouldn't hold our
> treasuries because we might default. If not this
> time, almost certainly at some point in the
> future. Buying our debt, is just, you know,
> fucking crazy!"
>
> That was amateurish and freightning. Could you
> imagine a CEO, involved in a bitter labor dispute,
> telling the stock market "Dump our stock, I think
> we're going bankrupt. If not today..probably at
> some point soon"???
>
> A CEO would have been fired immediately.

Its not amateurish it should be considered treasonous. Its extremely dangerous and really shows his true colors that hes willing to potentially destroy the economy just to get his way. Its all about him and getting what he wants nothing more.

Thankfully our position in the world is strong enough he hasnt managed to completely destroy it

Options: ReplyQuote
Re: Obama tries to crash the markets
Posted by: Exactly right ()
Date: October 02, 2013 10:51PM

"It's very difficult when the president says 'I'll compromise, I'll talk to anyone, as long as you agree with everything I say,' " Steve Grasso, a trader at Stuart Franke, said on CNBC.

^ this

Options: ReplyQuote
Re: Obama tries to crash the markets
Posted by: clutteredTransparencies ()
Date: October 03, 2013 01:41AM

or is NY, NY a bunch of immigrant socialists the french statute of liberty says can come at will...

with a few snowflakes (* white people at the top to make NY look like it's run by whites) when maybe they are not a power group at all. ie, sears means imports, and imports means foreign interest.

whenever the numbers seem to be on the up side and investors have confidence

they "PEG THE NEEDLE" of the stocks up and down to rape the share holders to take it all back and a little more. sometimes making "across the board adjustmens" (hiding losses in the history charts or making them very difficult to see / obtain).

in 2008 they took 1/2 of ALL workers retirement funds. never explained it. just same old excuse. 1/2 of the whole fucking economy they gave a nullish every day excuse. no polititian or gov watcher investigated.

the story of 1/2 of all savings gone missing: nearly covered up in books by continual scandals and more rip-offs. burried in it.

that's part of $17B in debt, and that's taxation NY style :)

still. i hear the pizza there is good.

Options: ReplyQuote
Re: Obama tries to crash the markets
Posted by: mcvoter ()
Date: October 03, 2013 01:51AM

obama?

D.C. workers are printing money and giving to democrats, esp. blacks, as fast as they can

blacks and hispanics run the Treasure and US Mint if anyone hasn't checked to see who the presidents are. before obama got there. and busch build a new Mint, the only other one, in Texas.

for you historians yes, last time Texas printed their own money, war followed. completely different times. well yes and no.

------------------------------
Obama. likely doesn't care he's well off either way and was before he got in. all he has to do is smile and act like he presides, look good.

and voters (white men and some women, the above dis-included as they benefitted) knew they'd that. likely though: "ah busch spent way to much on gov crap - may as give the other side a chance even if they are bound to do the same going the other way" (at least we get a first black president!)

-----------------------------------

yet. problem is. allotta the people obama is inviting (that he's not paying for C.O.D.) are foreigners who are destorying anyone not foreign including blacks, even the blacks paying for the foreigners the foreigners are after.

And even some of his people are calling him an idiot for doing that.

but Obama it mostly isn't.

it's a campy town run by socialists. it was before Obama got there.

that's my take

Options: ReplyQuote


Your Name: 
Your Email (Optional): 
Subject: 
Attach a file
  • No file can be larger than 75 MB
  • All files together cannot be larger than 300 MB
  • 30 more file(s) can be attached to this message
Spam prevention:
Please, enter the code that you see below in the input field. This is for blocking bots that try to post this form automatically.
 **     **  **     **  **     **  **     **  **     ** 
 **     **  **     **  **     **  ***   ***  **     ** 
 **     **  **     **  **     **  **** ****  **     ** 
 **     **  *********  **     **  ** *** **  ********* 
 **     **  **     **  **     **  **     **  **     ** 
 **     **  **     **  **     **  **     **  **     ** 
  *******   **     **   *******   **     **  **     ** 
This forum powered by Phorum.