TylerDurden at Zero Hedge reminds us it was ten years ago today that Glass-Steagall was repealed by Gramm-Leach-Bliley, setting us up for the financial meltdown that followed. At the time - (November 5th, 1999) - then Treasury Secretary Larry H. Summers said the highly touted bill would, " better enable American companies to compete in the new economy ". Co-sponsor of the bill...
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One of my favorite quotes from The Fight Club is one of many gems that came out of TylerDurden’s mouth: “It’s only after we’ve lost everything that we’re free to do anything.” I can’t say that my husband and I ever really “lost everything” but after falling into the trap of materialism we soon discovered [...]
Watching the HBO documentary by Edward Norton(TylerDurden) on the Barack Obama election. Pretty awesome to relive the election, and infuriating at the same time. It makes you really question how he can trust Hillary. If you have the ability, watch this documentary. What I have taken from it is that the Obama campaign always planned for what they called the doomsday scenario, or the primaries...
TylerDurden of ZeroHedge summed a Moody's report on flagging private equity underwriting (PEU) deals. He posted the detailed analysis. The Carlyle Group's distressed affiliates include: ARINC Allison TransmissionsFreescale Semiconductor Frontier Drilling Harrahs -(not credited to Carlyle in the report) Hawaiian Telecom- bankruptcy HD Supply LifeCare Holdings Oriental Trading PQ Corporation...
Via TylerDurden, Dylan Ratigan offers four shockingly simple principles to repair the broken financial system.This must have been one of those "so simple it would never occur to any politician" epiphanies. Four great points by Dylan Ratigan that should immediately be taken up by pro-reform politicians. If Barney Frank deems these are unenforceable or not worthy of his attention,...
... [Lost], Dwight [Sin City], Rorschach [Watchment] Middle row: Indiana Jones, Niko Bellic [GTA4], TylerDurden [Fight Club] Bottom row: Darth Vader, Anton Chigurh [No Country for Old Men], Joker Previously on Popped Culture... A Way With Words The True Face Of The Watchmen Schulz City
War Of The R'n'R Pundits: The Rogers-Roubini Conflict Escalates; Will Gold Hit $2,000?Submitted by TylerDurden on 11/04/2009 11:41 -0500Alan Greenspan banks BloombergCapitalism Carry Trade Central Banks CommoditiesCredit David Rosenberg Depression DollarEconomics economy Equity Markets FEDFederal Reserve Global Economy Gold hedgeInflation Interest rates Jim Rogers mortgagesNouriel Roubini...
This chart shows the moral alignments of nine pop culture characters using the Dungeons & Dragons alignment system . Rorschach as Chaotic Good? I think that Chaotic Neutral is more likely. And Neutral Good for John Locke at best . Top row, left to right: John Locke of Lost , Dwight from Sin City , Rorschach of Watchmen . Middle row: Indiana Jones, Niko Bellic of Grand Theft Auto 4 , Tyler...
... a video with Fight Club highlights and classic text laid over the photos in your account. If TylerDurden and his more passive self were ever told to sign up for a popular website notorious for shady practices, they'd ... well, there'd be big acts of vandalism, maybe some hacking, and possibly even an unsanitary soup or two. The first-come, first-serve soap that came with the big...
... when the carry trade unwinds - there will be a huge crash in virtually all asset crashes. And see TylerDurden's thoughts . Again, I am bullish on gold in the long-term, but I think there might be a large correction in the short run when the dollar rises. And contrary to what some people think , I agree with Roubini: the dollar will rally sizably at some point in the not-too-distant...
Economist Blake LeBaron has discovered an important cause of stock market crashes: During the run-up to a crash, population diversity falls. Agents begin using very similar trading strategies as their common good performance is reinforced. This makes the population very brittle... In other words, when everyone is making the same trade, it will likely lead to a crash. TylerDurden summarizes...