Asian stocks up ahead of US 'fiscal cliff' talks

[No Elephants]

Dec 28, 2:18 AM EST

Asian stocks up ahead of US 'fiscal cliff' talks

Okay, question: how do journalists know why each security holder who made a purchase yesterday chose to make that purchase?

Okay, answer: they don't have the first idea in hell. They get a narrative baked by Wall Street and spoon feed it to us.

Is it because the talkes and the cliff are really that meaningful? Or is it that some buyers assumed they might make a buck on the stupidity and jumpiness of other investors? No one knows. Repeat. No one. So, feel free to do what every one else does and make up whichever narrative best suits your personal agenda.

Meanwhile, as I hear interviewers press people on what will actually happen if we go over the cliff, rather than let them just repeat how dangerous and horrific going over the cliff will be, the bottom line (pun not originally intended) seems to go something like this.

The market (meaning the world's investor class) MAY say, "These people can't get their act together." And that MAY make the market go down."

And then, the market MAY say, "If these people can't get their act together, why should we lend them money so cheaply?" And then the cost of borrowing (not from China, but from "the market") MAY go up a point or two. And then Beranke may raise interest rates."

Bottom line. It MAY cost a little more than today's incredibly low rates for the U.S. to borrow from investors and that MAY end up causing investors to pay banks and other investors more to borrow. Big whoop. Interest rates have been five and six times as high in the past as they are now. And, btw, if we go over the cliff, we won't stay there for years, only days, weeks or months.

It's New Year, not Hallowe'en. Stop trying to spook us so we'll end up being grateful for slashing of social safety nets, just because you came to "a deal, any deal." (How many times have I heard that phrase on TV in recent weeks! Too many.)

I hope all you turds get what you deserve. Sadly, based on history, it's more likely you'll take what the 98% deserve.

P.S. I am going to post another story which says, among other things, that people have been selling their securities for five straight years.

Yeah, having seniors, orphans and disabled dying of lack of medical care, inadequate nutrition and/or hypothermia is really going to fix the market's problems.

[Enthusiast]

1. The very same media that gave us

the lies that explained 911 and Iraq are now giving us the official narrative on the "fiscal cliff". I think the fiscal cliff exists for the primary purpose of justifying cuts to social security and medicare. The people behind it are the same ones that fleeced us on the bank bailout and outsourcing of good American jobs. I don't believe a fucking word they say. I think there are now many millions as distrustful as I am.

[No Elephants]

2. I hope you are correct about the suspicions of millions. Most Democrats I know

never heard of the DLC.

About half of them have walked away from politics entirely, saying one side is n.g. and the other side is phony. They get something is wrong, but they don't know what or how to fix it. They don't even want to discuss politics. They've just given up entirely.

The other half is either still drunk on Kool-Aid, or voting lesser of two evils. Either way, the DLC gets their vote.