Traditional Market Meltdown Open Thread

Once again we have faced fear and fled.

I said many months back that (assuming Mueller comes up empty on Russian collusion, as seems likely) the Fed was the last institution standing between Trump and a glide path to re-election based on a strong economy.

Buckle up! That glide path looks a lot less assured right now. Plan B - a quick mini-recession or growth pause starting, like, yesterday and ending quickly - is problematic because the perception of recovery generally lags the reality, as Bush 41 found out in 1992. Of course, back then the media was happy to play along with Bill Clinton, who claimed the economy was in the worst shape since the Depression. And they will play along with the Democrats this time around, for obvious and timeless reasons.

Comments

[Ignatz Ratzkiwatzki]

I've been warning a long time a large reckoning is coming and trump's reliance on the Dow and unemployment was not likely to last.
If he's lucky it will be short and deep like Reagan's so the rebound is strong.
I hope I'm wrong but the debt overhang and bad monetary policy overhang and associated asset bubbles and length of the current lethargic recovery don't bode well.

[henry]

I blame AGW for melting down the glaciers markets. (Al Gore as soon as he can waddle to a microphone).

[Captain Hate]

Willowed HOF zombie:

Ace is dancing on the Weekly Standard's grave, then pulling down his pants and shitting on it, then digging up the magazine's corpse and using a lipstick to draw grotesque clown faces on its lifeless head, then eating a picnic next to the empty grave with the dolled-up corpse as an unwitting participant, playing tea party games with it, then skullfucking the corpse in an empty eye-socket, and leaving it out in the open for the hyenas to devour in the night.

Posted by: zombie at December 14, 2018 01:14 PM (c+2jX)

[Old Lurker]

Trump has to blame the ride down on Dems getting the House, and even Rs not being MAGA enough.

[Old Lurker]

Masterful, Cap'n.

[clarice]

https://www.washingtontimes.com/news/2018/dec/13/trickery-and-deceit-as-legal-tools/
Rod Blago speaks.

IIRC it's also true that there was a mysterious leak (probably from Fitz's office) about a tap on Blago's line just before Obama was about to call him.

[Tom R]

Did Eye Doctor get permabanned or was that a regular poster posting under a second identity and they no longer do so thanks to the login requirement to post?

Clarice's 1:37 is the kind of post that would trigger him so just wondering.

[Narciso79]

Werent we told China was the future by flathead same for Europe, que paso?

[lyle]

From last thread:

Jim Backus = underrated actor

I have it on good background info that Porch really likes being called “lovey.” 😉

[Captain Hate]

Did Eye Doctor get permabanned or was that a regular poster posting under a second identity and they no longer do so thanks to the login requirement to post?

I think he was someone who just chose not to register, which is odd because a lot of people knew who he is.

[Captain Hate]

The only thing I didn't like about a Jim Backus was being the incredibly irritating Mr. Magoo's voice.

[peter]

Oh, come on Captain, Mr. Magoo's Christmas Carol is great! (the rest of the MM cartoons, not so much.)

https://www.youtube.com/watch?v=tCCCN-3NJiU

[Tom R]

Jonah making a fool of himself again.

http://www.msn.com/en-us/news/opinion/maybe-trump-cant-win-in-2020-but-democrats-can-lose/ar-BBQW3sU?ocid=ientp

[peter]

https://www.youtube.com/watch?v=YLemMfdj7j8

[Old Lurker]

Peter, how do you feel today?

[MissMarple2]

So, I went out to lunch with my long-time friend (60 years!) and when I came home there were a whole bunch of packages on the front porch, all addressed to me.

I have suspicions she engineered that, but I can't figure out how.

[Captain Hate]

That Jonah word salad was worthless.

[Extraneus]

I'll take that under advisement, OL. Might need a bigger house/shop, though.

[Porchlight]

I have it on good background info that Porch really likes being called “lovey.” 😉

Only by Harvard men, Ext.

[MissMarple2]

Donald J. Trump
‏Verified account @realDonaldTrump
3h3 hours ago

China just announced that their economy is growing much slower than anticipated because of our Trade War with them. They have just suspended U.S. Tariff Hikes. U.S. is doing very well. China wants to make a big and very comprehensive deal. It could happen, and rather soon!

[MissMarple2]

Donald J. Trump
‏Verified account @realDonaldTrump
1h1 hour ago

Many people have asked how we are doing in our negotiations with North Korea - I always reply by saying we are in no hurry, there is wonderful potential for great economic success for that country....

....Kim Jong Un sees it better than anyone and will fully take advantage of it for his people. We are doing just fine!

[MissMarple2]

Thank you to @tim_cook for agreeing to expand operations in the U.S. and thereby creating thousands of jobs! https://t.co/2zOVxp9nTF

— Donald J. Trump (@realDonaldTrump) December 14, 2018

Link goes to Tim Cook tweet announcing Austin plant.

[Porchlight]

Oh, come on Captain, Mr. Magoo's Christmas Carol is great!

It really is. The music, the acting, everything. I watch it multiple times every year.

[Porchlight]

Link goes to Tim Cook tweet announcing Austin plant.

OH NO

[lyle]

Only by Harvard men, Ext.

::pout:: 😬

[Extraneus]

Yes, lyle gets the credit for that quip, Porch.

[Barbara]

Mr. Magoo's Christmas Carol is my younger sister's favorite. Especially the little song about Razzleberry Cookies.🎶

[D]

I can’t agree with Iggy wrt TomR.
I believe many of us have been more than patient with him and his repetitious arguments.
His comment stating that we are “bitching and moaning” is another way to diminish our right to our opinion which is different than his.
We want concrete results and will accept Accurate knowledge when it is presented and real action results.
Until then I cast a measured look at all new information and will wait for positive for real results.
This is how I operate.
Hearing breathless proclamations of impending news or or real consequences happening and then nothing has made me wary of getting ecstatic before the actual indictment or punishment has been handed down.
I no longer read Tea leaves.
I would much rather read a book.

[Old Lurker]

Maryrose...are you going to be "D" forever?

[Porchlight]

Oh, sorry, lyle and Ext. Double sorry, lyle. ;)

[Barbara]

Link goes to Tim Cook tweet announcing Austin plant.

Porch,

He's also going to Seattle, San Diego, and Culver City, CA. Safe liberal zones for the most part.

"California, falling into the sea..." 🎶

[D]

Huber is supposed to testify , then doesn’t and we get no explanation.

[Old Lurker]

MR, which does not fit: Unicorns, Big Foot, Huber?

[Pinandpuller]

Jim Backus was also the narrator for The London Philharmonic version of The Sorcerer's Apprentice: https://www.discogs.com/composition/c6cf3178-cd3e-4d31-ad01-19e381549d95-the-sorcerer-s-apprentice

[James D.]

We want concrete results and will accept Accurate knowledge when it is presented and real action results.

Exactly this.

[D]

OL:
I register through Yahoo and that is my new name.
But I will always be maryrose to my JOM friends.
What are the OL’s family’s plans for Christmas?
How are those wedding plans coming along?

[Pinandpuller]

Who manufactures iPhones under the sea?

Tim Cook, Gay Man!

Who rustles your jimmies and makes you say reeee?

Tim Cook, Gay Man!

Tim Cook, Gay Man!

Tim Cook, Gay Man!

Tim Cook....Gay Maaaaaan!

[MissMarple2]

https://townhall.com/columnists/sheriffdavidclarke(ret)/2018/12/14/wanted-new-conservative-fighters-n2537513

[lyle]

No problem...lovey. 😙

[Jane]

It's 3:00 somehere!

[henry]

Mmmmm, beer.

[Ralph L]

My dad's last WS arrived today. First one with NO renewal slips in it!

Much of the magazine isn't about Trump, and occasionally they grudgingly admit he's right about something, in between gratuitous swipes.

[MissMarple2]

Henry Rodgers
‏ @henryrodgersdc
4m4 minutes ago

NEW: Special Counsel Robert Mueller reports taxpayers spent $4.6 million on his investigation between April 1 through Sept 30 of 2018.
\

[Porchlight]

Barbara,

Just what Texas needs, more imported Dem voters in the tech sector. Oh well, enjoy the horrible traffic, new Apple peeps.

[peter]

OL, thank you for asking. I am feeling okay. Luxuriating in a rare day of multiple naps and binge watching of old French movies.

[Porchlight]

lyle :)

My mom will be glad there is no more Weekly Standard (my dad is a subscriber). Apparently they made fun of Joan Didion once and she never forgave them.

[D]

The luckiest person is the one who steps in when Pelosi can no longer physically or mentally handle the role of Speaker.
That is coming sooner than we realize.
She definitely has early stage dementia.
The fact that no Dem has the cojones to challenge her just illustrates how truly weak the Dim House really will be.
President Trump will bury them.

[Porchlight]

peter, sorry to hear you're under the weather. Hope you can enjoy some down time as you recover.

[henry]

Tweet thread with 302s:

https://twitter.com/gts_watch/status/1073669155436576768?s=12

[D]

4.6 million for Mueller Witch Hunt?
What an incredible waste of taxpayer funds.
Just think how much affordable housing or programs for the homeless that would have funded.
Campaigns also misuse so much money.
We should overhaul our election system.
4months at the max.
4 Primaries held regionally North , South, East and West.
Limit early voting to 2 weeks.
No absentee ballot pick up by strangers.
All returns must be tabulated by Friday of election week to prevent fraud,

[D]

Those 302’s and the manner of interrogation are going to come back and bite Comey McCabe and Loretta Lynch .
Just saw a clip of Cohen and Steph.
Since when do we interview Convicted Felons in broad daylight on national TV and allow them a public forum to spew their lies?
What a disgusting display.
He just blew any chance he had of a pardon.

[D]

Jane:
Feeling any better today?

[Pinandpuller]

As far as Pin's point on taking guns to AK; it's perfectly legal to transport your guns on a plane. They just have to be in checked baggage.
Once there you pick your baggage up like anyone else.

Posted by: The Infamous Ignatz | December 14, 2018 at 09:47 AM

Unless you think you're as lucky as Rick Derringer.

[Ignatz Ratzkiwatzki]

--I can’t agree with Iggy wrt TomR.--

I'd be worried if you did. :)

[daddy]

nothing like a trolley update in the morning:

Good Morning!

[JimNorCal]

pagar: "It seems to me that politicians protecting Mueller should be fired"

Interesting how Repub Senators get all amped over Mueller or Khashoggi but not for, say, Kate Steinle.
/rhet

Congrats, Ext, on retirement! The time goes fast, live life to the max

[Pinandpuller]

So with McCain dead I guess John Bolton is the most likely candidate to endorse a war with Iran in light of a pending recession.

I mean so far, Trump has only killed a couple of Russians. Real Russians, not fake internet Russians.

[Barbara]

Re: the Townhall article "Wanted: New Conservative Fighters" posted by Miss M above, the left uses street fighter tactics while the GOP is still stumbling around wishing that the President would follow the Marquess of Queensbury rules.

The President's little dialogue with Nancy and Chuck in the Oval Office showed them his technique for mixing it up with a recalcitrant enemy. During that meeting, one could tell by watching the more traditional Vice President Mike Pence how uncomfortable this makes establishment Republicans.

Politics will never go back to the niceties of Senate protocols and referring to "my friend across the aisle." In any event, it won't in the foreseeable future especially if the Republicans intend to win. The question remains, do they? Or would they all prefer to return to the status quo ante and the comfortable back benches while the promise of America fades away?

[Narciso79]

Yes Iran is waging a proxy war in Yemen, like Nasser did in the 60s, like they did against us in Lebanon in the 80s,

[JimNorCal]

Wow, daddy 3:28pm, I had heard that song once or twice over the years but I had NO IDEA its theme was female sexual empowerment.

[daddy]

Ace is dancing on the Weekly Standard's grave

Is the Standard dead yet, or is Ace premature in his dance macabre?

I recall that great bit from Robert Graves* bio of WW1 (Goodbye To All That") where some enormous shell slams into his trench and bodies are everywhere but amazingly he is untouched, simply buried face down in the muck, and his sergeant asks "Are you dead, Sir?"

*His troops nick-named him Gravy:)

[Captain Hate]

Omg. Sorry to go O/T, but I'm having a rage stroke.

Shep Smith to Catherine Herridge just now, reporting on Gen. Flynn. Herridge made a statement about Hillary, and Shep says, "Hillary? Really? And snarks at Herridge, "That investigation is over" and practically sneers.

*seething hate* *twitches* *strokes out*
Posted by: Jane D'oh at December 14, 2018 03:17 PM (ptqGC)

[Stephanie Nene Not Your Normal Granma]

DEAR ABBY:

I have always wanted to have my family history traced, but I can't afford to spend a lot of money to do it. Any suggestions?

Sam, in California.
DEAR SAM:

"Register as a Republican and run for public office."

Abby

[Pinandpuller]

If you want to think in the 4D mode going way back:

When Clinton got in trouble he killed a janitor and blew up some tents in the desert. Why didn't he declassify some stuff? Or did he? I don't remember.

Did Obama declassify anything that made Bush look bad, or were they butt buddies way back then?

[James D.]

Those 302’s and the manner of interrogation are going to come back and bite Comey McCabe and Loretta Lynch .

I would really, really like to believe that.

[Jane]

I'm fine Maryrose. Other than a bruise on my face that I can't see, I'm normal. Thanks for asking.

[Pinandpuller]

PS: and to think we're jumping about in a cesspool to boot! (/sarc)

Posted by: Kevlar Kid | December 14, 2018 at 11:51 AM

Your coffee break is over.

[James D.]

Maryrose @ 3:17

I like your election plan, but I'd go further.

NO early voting, or voting by mail, at all. Except for absentee voting only with a documented medical reason, signed by an actual doctor under penalty of perjury.

NO electronic voting - paper ballots, counted on site just like in the old days, with a representative of each party in the room at all times.

Anyone who opposes those things opposes fair and honest elections, right?

[daddy]

Hi Maryrose,

Letter D doesn't work for me. I think you need a new handle, so in the spirit of Christmas I'd suggest you re-register as "CincyDame."

No pressure of course, but in the old days whenever I saw "D" on my papers from a school-marm it gave me the willies:)

Anyone else got a suggestion for a new moniker for our Maryrose?

[Pinandpuller]

Jim Backus & Friends : Delicious

This novelty record from Jim Backus (voice actor of Mr. Magoo) became a Top40 hit in 1959.

https://www.youtube.com/watch?v=jFqZhadwvG0

[lyle]

Anyone else got a suggestion for a new moniker for our Maryrose?

Is “schoolmarm” taken?

(I keed, mr!) 😉

[daddy]

A decent point:

Caleb Hull 🎅🏼 🌲 🎁
Dec 13

If you're freaking out over Maria Butina, but didn't say a word about the Chinese spy who worked in Dianne Feinstein's office for 20 years, delete your entire account.

[Pinandpuller]

Is there such a thing as Post LASIK depression?

https://nypost.com/2018/12/14/jessica-starr-fox-2-detroit-meteorologist-hanged-herself-officials/?utm_source=reddit.com

[Account Deleted]

Howzabout "Breathless Proclamations"?

"Those 302’s and the manner of interrogation are going to come back and bite Comey McCabe and Loretta Lynch ."

[MissMarple2]

Pinandpuller,

For some reason that song enraged my dog, Maggie. LOL!

[Pinandpuller]

A long time ago didn't they remove your corneas, freeze them and cut them to spec on a lathe?

https://m.metrotimes.com/news-hits/archives/2018/12/14/death-of-fox-2-anchor-jessica-starr-sheds-light-on-possible-connection-between-lasik-surgery-and-suicide

[Pinandpuller]

Miss Marple

Lol, do you remember that from the radio?

[Account Deleted]

PIN!

I'VE BEEN DRINKING ESPRESSO SINCE 6AM!!!

NOW I'M BEHIND THE WHEEL!!!!

MAYBE I'LL DRIVE TO TIJUANA FOR THE DEMONSTRATIONS
ON SUNDAY. NO! WAIT! MAYBE I'LL DRIVE TO OREGON AND
BAG ME SOME ANTIFA SCUM!!!!

[Pinandpuller]

One of the main uses of all the cocaine they extract for Coca Cola up there in New Jersey is for eye surgery.

[Account Deleted]

"WAKE UP MAGGIE, I THINK I GOT SOMETHIN TO SAY TO YOUUUUUUUU...." (WOOO!)

[daddy]

Reposting that Miss M link to that New Zealand shipwreck since the pics are gorgeous. As a Voyage of the Beagle devotee, and currently pounding thru the Horatio Hornblower series, seeing the actual woodwork on the hulls of things like this is exciting as all get out. Thanks, Miss Marple.

Rare, fully intact 153-year-old shipwreck reveals treasures - including an old boot

[Account Deleted]

the Athenians were notorious for that technique.

[Tom R]

Flynn documents embedded in the article.

https://www.foxnews.com/politics/mueller-releases-key-documents-of-fbi-interview-with-michael-flynn

[Stephanie Nene Not Your Normal Granma]

Sean Davis‏Verified account @seanmdav

Earlier this week, Judge Emmet G. Sullivan ordered DOJ to produce the FBI 302 of the FBI interview of Flynn. Those documents were just filed. There is no 302 of the interview. Instead, there's a 302 of an interview of *Strzok* talking about the interview 6 months later

[MissMarple2]

Pinandpuller,

No, I don't remember it. In 1959 I was 11 and not much interested in pop music. My mother had us outdoors as much as possible (there were 5 of us) and the only pop music I heard was whatever they put on "Your Hit Parade."

My dad had a country-western channel on in his truck and shop. He didn't like Elvis or rock and roll. He was a Tennessee Ernie Ford fan.

[Account Deleted]

https://en.wikipedia.org/wiki/List_of_Billboard_Hot_100_top-ten_singles_in_1959

[Pinandpuller]

KEV!

Is Carmel by the Sea anything like El Pueblo de la Reyna de Los Angeles-name wise?

Or is it like We Will Rock You/We Are the Champions or Heartbreaker/Living Loving Maid(She's Just a Woman)?

Insuperable by tradition?

[Tom R]

Those documents were just filed. There is no 302 of the interview.

The document (Attachment A to the filing) dated 24 January 2017 was the letter from McCabe. That document is missing pretty much all of the standard formatting and marking requirements that the US government has for official government correspondence.

I'm looking forward to seeing how the judge responds to this failure to comply with this directive.

[daddy]

Here again is Jim Comey telling us in 2010 how he expects his FBI Agents to ethically conduct themselves during investigations: FBI Agent 'Severely Disciplined' for Misconduct in Ted Stevens Case, Director Says

Comey told Murkowski that he would look into reaching out to Joy, and that his law enforcement agency's response went beyond dealing with the individuals involved.

"On top of that, we pushed out refresher training to the entire workforce, especially about our discovery obligations and how we expect them to conduct themselves during those investigations. So, both broad remedial work was done, and individual discipline was imposed for the agent involved," he said.

Now that ought to be laid beside the exact particulars of the Flynn Interview, McCabe's E-Mail on how to trick Flynn, Comey being briefed on that interview within 24 hours or so, and Comey's public statements this week on how exuberantly delighted he was in orchestrating how to deceitfully ensnare Flynn.

For me that divergence between what Comey preaches as the rules and practices as the rules are big enough to drive an aircraft Carrier through. His violation of his own FBI rules should damn the investigation, but the ball is in Judge Sullivan's Court now, so it's all up to Emmet now.

[clarice]

How nice, MM

[Pinandpuller]

That looks like Rock and Roll Friday on The Savage Nation, Kev.

Isn't it more about CA destroying its Middle Class?

[Tom R]

BTW Attachment B of today's filings by Mueller is NOT a 302 filled out by Peter Strzok after the fact. Its a 302 of someone who interviewed Strzok on 22 August 2017 as part of an investigation into Strzok's misconduct.

[Extraneus]

McCabe: “He stated that I probably knew what was said.”

Yet they were able to get him to plead guilty to lying to two schmucks from the FBI. What was the lie, anyway? Was it about the conversation with Kilsyak or something else?

[daddy]

My point on Judge Sullivan above is that he already has all the input he needs to make his decision. He knows how they acted and he knows how they know they are supposed to act, and he knows the two are 180 degrees out. He doesn't need anymore of this, he doesn't need any more of that, he doesn't need any more oral arguments, he doesn't need blah, blah, blah. It's all there, sitting right in front of him. He has what he needs to make the correct decision.

We out here in flyover land are looking at the big TV Monitor replay. We see it all, whether it's Grayson Allen of Duke intentionally tripping some opposing player, or Mike Tyson biting off HolyField's ear, or Tanya Harding's boyfriend in the back room pounding on Nancy Kerrigan's knee with a hammer. We see it all.

Time for the correct decision, Emmet. Make it, or live in ignominy for the rest of American History.

[MissMarple2]

daddy,

I am so glad you enjoyed that article about the shipwreck! You were the first person I thought about when I saw it.

[lurkersusie]

Good

DACA Recipients Say The Trump Administration Is Denying Them Federal Housing Authority Loans

https://www.buzzfeednews.com/article/nidhiprakash/daca-trump-denied-federal-housing-loans

[daddy]

And I hadn't even caught up to this yet:

There is no 302 of the interview. Instead, there's a 302 of an interview of *Strzok* talking about the interview 6 months later

Geezus H Kryste!

[Account Deleted]

Pin--

choo gottit. (lawd now i have Gap Toof Freddie's loathsome music in my brain....cueing Girl From Impanema... ahhhh....there it's gawn.)

[Pinandpuller]

Poe's Law

[Jim Eagle]

Have you ordered your Christmas pie yet?