[semantic]

Denninger is an absolute genius; here are some of his comments made over the last hour or so:

We're done guys. Have a look at the XLF and rest of the financials. The market is going to disassemble every company in the S&P 500, one at a time. Government isn't going to force the truth, therefore, government will go down the hole when their funding capacity is cut off, and it will be. This is a binary event - either they cut this out before the backstop demands all collapse on top of them at once, or they die with it. We're done guys. I wish it wasn't true, but it is. The people who can fix it won't fix it, and we as a people are still playing "happy face", and will continue to as a society until it is too late to fix it. There are no mustard seeds, just nuclear explosions.

Its over folks. The fuse has been lit. We are on the edge of a total equity and credit market collapse. It WILL happen unless something comes out of DC imminently. Once the damage is done to those pension funds and insurance companies and they are forced to start eating their seed corn there is no way to fix it. We're talking about the underpinning of the social safety net, and government WILL be forced to divert to the FDIC, which along with Treasury rates going to the moon will instnatly shutdown all entitlement spending including Social Security and Medicare. We are within days of this becoming an inevitable outcome.

[Oatka]

Christ! I thought I was a pessimist! The thing is dammit, I suspect he’s right.

[roses of sharon]

Excuse my ignorance, but is your post about Denninger being a genius sincere?

Should we take his posted concerns seriously?

Thanks!

[Nervous Tick]

>> government will go down the hole when their funding capacity is cut off, and it will be

He sounds like you. Or you sound like him. Or something.