patrick.net

Call it Crazy says

CDon says

In the long and spectacular history of failed housing calls on Pat.net -- this one will go down as the most epic failure of all time.

Once again, it's so easy to be an armchair quarterback and have such talent to search old posts for predictions....

Agree, but that is actually something to celebrate rather than mock.

For example, the first time I see someone write something I may possibly agree with, the first thing I do is check that persons track record.

In this case, we can see that CHS invested an incredible amount of credibility capital in a call that was going to be either a huge, life changing success, or a massive spectacular failure.

In this particular case, it was an EPIC failure - the types of which you will never recover from IMO. Thus, its reasonable to assume "this guy is an imbecile, and I should cite someone with a better track record in an attempt to prove my point"

Oh, and its not just bearish calls either. The wave theorist Harry Dent once had the audacity to predict DOW 40,000 by (I think) 2011. Again, this was not just a minor failure, but an epic and spectacular failure. Thus, the calls of both Messr Dent and (in the case at hand) Charles Hugh Smith should be avoided at all costs.

Do you disagree?

APOCALYPSEFUCK is Comptroller says

HydroCabron says

What was the iPad doing in the house at that the of day?

What the fuck was that iPad supposed to be doing with his *wife* for fuck's sake?

Maybe they were trying on hoodies?

bob2356 says

There are no wins in the middle east, only degrees of losing.

You've obviously never been there.

We should talk Northern Africa rather than what we call the Middle East.

It's the home of God's Law, and the Will of Allah.

Only the morally bankrupt don't get it.

In the small clips of Assad's interview that I've seen he tells us he isn't in charge of what happens, God is.

Argue with that all you want.

Blurtman says

He looks like a moron.

Sorry, but the win goes to Obama.

Our Middle East policies have been irrevocably altered by Obama.

Putin put in his two cents, God bless him for it, and that is as far as it went. We already beat the crap out of Russia.

Call it Crazy says

First, I give him credit for MAKING a prediction and going out on a limb. Who
here has a working crystal ball and can predict the financial future?? It's real
easy to look back, though...

I give him credit for the courage to making a prediction like that. I fully admit I am nothing but an armchair quarterback. Thus, if he got this call right, we should all applaud him for being the prescient voice of clarity. Since he did not, he is deserving of the full force of our ridicule and disdain.

Call it Crazy says

Epic failure?? He's still being quoted on major financial news sources and
financial blogs, so that says something...

He's also published and sold a bunch of books...

So, "experts" here on Patnet. can be armchair quarterbacks, but I haven't
seen the Patnet "experts" regularly on the sites that CHS is on or all their
published books....

So, I guess, CHS must be doing something right....

If you haven't figured it out by now, no one gets attention for making dull calls. Instead, the best way to stay relevant is to say something highly polarizing and/or insanely stupid.

I mean, look no further than Jim Cramer. His whole schtick is is being as obnoxious as possible, and a large chunk of his audience is made up of bears who love nothing more than getting agitated by his insufferable bullishness.

So again, going back to CHS, what about that spectacular failure of a call he made gives you any reason to rely upon what he says in the instant case?

Call it Crazy says

To go back a year or two later to spear the guy because he tried to predict the
future when you are using new data that he didn't have at the time is a bit
childish...

I disagree. As I noted above @8:07 pm, the choice of TPTB was door #1, door #2 or door #3.

In 2009, TPTB telegraphed as clearly as possible, we are going to choose door #3.

2 years later, CHS said, (in sum) despite the fact that TPTB have chosen door #3... door #2 (i.e. massive crippling deflation) will happen by 2014.

So again, seeing that in 2011 he was such an utter and miserable failure of a predictor of the future, what, if anything about his track record makes you think he is worthy of listening to now?

David Losh says

Blurtman says

He looks like a moron.

Sorry, but the win goes to Obama.

Our Middle East policies have been irrevocably altered by Obama.

Putin put in his two cents, God bless him for it, and that is as far as it went. We already beat the crap out of Russia.

You have no idea what you're talking about. Vlad is playing chess. Obama can't figure out the rules for checkers. The russians have painted Obama into a diplomatic corner. If he attacks now, he acknowledges how full of shit he is.

David Losh says

In the small clips of Assad's interview that I've seen he tells us he isn't
in charge of what happens, God is.

Argue with that all you want.

word

egads101 says

E-man says

If you believe the Elliot Wave Theory,

... then you are an idiot.

Or any other stupid moronic technobabble analysis.

Only an idiot doesn't realize he's an idiot, wouldn't you say?

It sounds like Shellie Zimmerman knows her husband.

Shellie Zimmerman tells her father on the call to get behind a car. "I don't know if he's going to start shooting at us or something," she says in the call.

She said her father "feels like he's going to have a heart attack." She requested medical attention for her father, saying it looked as though his nose may be broken.

"I don't know what he's capable of," Shellie Zimmerman said in the call. "I'm really scared."

Facebooksux says

Vlad is playing chess. Obama can't figure out the rules for checkers

Vlad is trying to stay in office, because Assad is Russia's puppet, and Assad's people like Russia less than they do the United States.

Syria was painted into the corner by the Arab Spring.

Who blinks in this stand off? Russia has no clout, Iran has no desire, China doesn't want any more trouble, and United States killed Bin Laden, got Saddam Hanged, and Gaddafi killed in the street like a dog.

I'm sorry for the people of Syria, Egypt, and those left without leadership, but it should never be leadership from outside influence for oil.

marcus says

It sounds like Shellie Zimmerman knows her husband.

"I don't know what he's capable of," Shellie Zimmerman said in the call. "I'm really scared."

Not even a spouse can know the mind of a killer.

Hey, pathetic race baiters: Zimmermann just wants to kill everyone,regardless of race!

Everyone knows it was U.S. agents who carried out the initial gas attack in order to justify yet another (profitable) war.

The Question is, Did Zimmerman get dragged out of his car by the iPad and thrown to the ground.

I bet someone in Syria said the N word

I can't count the number of times the police have been to my house on misunderstandings. Same with all my neighbors: we're always the victims, yet the police are always in our driveways.

It's the way it is these days. The cops repeatedly bother people who have done nothing wrong, or are even heroes.

And since all everyone does is attack George Zimmermann and make shit up about him, the police make it a point to visit him extra often.

David Losh says

Facebooksux says

Vlad is playing chess. Obama can't figure out the rules for checkers

Vlad is trying to stay in office, because Assad is Russia's puppet, and Assad's people like Russia less than they do the United States.

Vlad doesn't need to worry about running for office.He has strong armed himself into hisnposition and will always call the ahots in Russia, either in office or behind the scenes like he did when Medevedev was president.
Assad's people are pragmatic. Saying that one group loves or hates a particular country is very naive. This is about power and survival. Love has nothing to do with it.

Syria was painted into the corner by the Arab Spring.

Who blinks in this stand off? Russia has no clout, Iran has no desire, China doesn't want any more trouble, and United States killed Bin Laden, got Saddam Hanged, and Gaddafi killed in the street like a dog.

I'm sorry for the people of Syria, Egypt, and those left without leadership, but it should never be leadership from outside influence for oil.

Iraq is in crisis. It is a failed state, over 1000 people were killed in June. Same thing with Libya and Egypt. None of those places have been a win for the US and none is anything to brag about.

A few of my quotes didn't get highlighted above. Nook sucks btw. Shouldve just bought an ipad.

APOCALYPSEFUCK is Comptroller says

Zimmerman Goes Apeshit and Knifes a Threatening iPad

What color was the iPad? Oh no, here we go again.

"He punched my dad in the nose my dad has a mark on the nose. I saw his glasses were on the floor," Shellie Zimmerman said in the call. "He then accosted my father then took my iPad out of my hands. He then smashed it and cut it with a pocketknife, and there is a Lake Mary city worker across the street that I believe saw all of it."

Shellie Zimmerman tells her father on the call to get behind a car. "I don't know if he's going to start shooting at us or something," she says in the call.

She should have shot him under Florida's Stand Your Ground Law. She perceived he was a threat to her life. That's grounds for killing in Florida.

"Iraq is in crisis." But the oil was freed up. Can't win 'em all.

freak80 says

Everyone knows it was U.S. agents who carried out the initial gas attack in order to justify yet another (profitable) war.

Kept trying till they got it right. Remember that Obama was blaming Assad for the March gas attack, but the UN said it wasmthe rebels. Needed more cowbell.

Facebooksux says

David Losh says

Blurtman says

He looks like a moron.

Sorry, but the win goes to Obama.

Our Middle East policies have been irrevocably altered by Obama.

Putin put in his two cents, God bless him for it, and that is as far as it went. We already beat the crap out of Russia.

You have no idea what you're talking about. Vlad is playing chess. Obama can't figure out the rules for checkers. The russians have painted Obama into a diplomatic corner. If he attacks now, he acknowledges how full of shit he is.

Putin eats Obummer every morning for breakfast.

It is in the US interest and Russia's to secure the chemical weapons. Punishing Assad for using them is not the end game, it is to get rid of/gain control of the chemicals weapons. There are plenty of Chechens fighting in Syria who would most dearly like to gas the crap out of Moscow. So there is a convergence of interests, somthing might come of this.

Bap33 says

I bet someone in Syria said the N word

Naggers: people who annoy you.

freak80 says

Bap33 says

I bet someone in Syria said the N word

Naggers: people who annoy you.

Hehe. Classic.

APOCALYPSEFUCK is Comptroller says

A fucking iPhone pulled out a switch blade on me this morning and I returned the attack with a sustained burst of Gatling gun fire, wasting 131

Good.

Seems like these phones always get away with it.

Facebooksux says

Iraq is in crisis. It is a failed state, over 1000 people were killed in June. Same thing with Libya and Egypt. None of those places have been a win for the US and none is anything to brag about.

Yeah, Revolution is messy. The United States carried on war here for 100 years before we settled down. We killed millions of people in the process. WE had many atrocities, some of the worst the world has ever seen.

We set the path for them to govern themselves, like they have a thousands of years before we, or Europe existed, so I think they will figure it out much better than we did.

mell says

Putin eats Obummer every morning for breakfast.

Putin is an interesting want to be, who wrestles bears for breakfast, and flies with the birds in the afternoon.

He is no military threat, because his own people won't let him do anything but talk.

That is a totally different topic.

freak80 says

yet another (profitable) war.

There's no profit in Syria, any more than there was profit in Iraq. We are simply returning control of the region to itself, which should have been done long ago.

It seems like it.
But if Obama pulls this off and actually gets the chems away from assad, with no hidden stashes still in his possession, he's gonna be looking like the second coming of Gandi.
In the face of
* Longtime US allies going against his will ( UK )
* Major opposition from his own party, not to mention congress as a whole
* Overwhelming non-support from the public

It took Bush practically his whole term to attempt to disarm Saddam of his chems...( not found, but it is unknown if he hid them well, or just moved them to syria/lebonon ) at the cost of hundreds of billions of dollars and thousands of lives.

If Obama pulls this off, he would have disarmed the country with the most chems without firing a shot....

We will see...
mell says

Putin eats Obummer every morning for breakfast.

APOCALYPSEFUCK is Comptroller says

A fucking iPhone pulled out a switch blade on me this morning and I returned the attack with a sustained burst of Gatling gun fire, wasting 131 foolishly over curious bystanders but taking out a Clear and Present danger to my life and to general public.

You think that's bad. Some angry birds got into my phone and started assaulting nearly defenseless pigs!

rdm says

It is in the US interest and Russia's to secure the chemical weapons. Punishing Assad for using them is not the end game, it is to get rid of/gain control of the chemicals weapons. There are plenty of Chechens fighting in Syria who would most dearly like to gas the crap out of Moscow. So there is a convergence of interests, somthing might come of this.

Why should Syria get rid of chemical weapons when a violent aggressor with nukes is on its border?

Blurtman says

Why should Syria get rid of chemical weapons when a violent aggressor with nukes is on its border?

The "violent aggressor" has already shown on several occasions that Syria's chemical weapons are not a deterrent. This civil war has, contrary to the fondest dreams and wild hallucinations of the numerous conspiracy theory nuts that frequent P.Net, very little to do with said "violent aggressor"

Overvalued doesn't necessarily mean a bubble.

It's not a bubble if people are crying "bubble." That's not how markets work. It'll be a bubble when everyone is saying "house prices can only go up" again.

We're well on our way to becoming Mexico (if we're not there already) thanks to the policies of both parties since 1980.

I'm all ears if someone can suggest a better method for reversing this trend than raising taxes on high incomes and investments.

control point says

I'm all ears if someone can suggest a better method for reversing this trend than raising taxes on high incomes and investments.

The fox brainwashing strikes again. You don't raise taxes on investments, you raise taxes on the profits from investments.

control point says

I'm all ears if someone can suggest a better method for reversing this trend than raising taxes on high incomes and investments.

I don't see how it can be done if you still want the high-earners to keep all their compounding wealth. It is a zero-sum game, you can't even out the inequality if you leave all the wealth with the top 0.1%.

So, basically you are saying that Mexico's income distribution is desirable?