Boom! - Karl Denninger

Very interesting post from Karl Denninger. Look like a bang is in serious poop. By the looks of it we'll find out soon enough.

market-ticker.denninger.net...

I hope it hasn't been posted yet. Couldn't find it on the search.

Sure would be nice to know what bank that is.

Dark days ahead for sure...

You know what, we need to make a law that forces banks to make their books public at the end of every day.

So he says that the last time this happen was right before the crash last year. Seems like something is going to pop alright, what better time than on 4th of July.

Banks in California?
2nd line.

I'm willing to put money on bank of California too.

Let's have some sportsmans bets on this.

I'll keep a tally. Winner gets an ATS t-shirt?

that interesting.also wondering who that was

S&F,

No matter what bank, still the threat looms. What I hear Denniger saying is the implication of this action indicates the larger picture, which is the last time this happened was last year, about Sept Oct, when the bail out happened.

Boom!

He is once again, trying to warn us of what is the most likely scenario, and that is another big big downturn.

We are in for nasty weather...
Hope you got your things together....

Lots of crazy stuff happening at the end of the financial year.

He says this happened before the last "Boom". I wonder what the timeframe was?

Been reading lots about the California situation, looks like it's a putting 2 and 2 together situation.