AAPL

Priceless…

Comment brilliance that only ZH can provide:

peekcrackers's picture

trade your Ipad for a Maxi Pad to stop the bleeding in the stock

Nothing To See Here's picture

The guy who shouted “I can’t eat an iPad” probably never thought that iPads would actually be used as collateral against the currency he uses to buy his food….

And further down into the rabbit hole!

ghengiskhan's picture

Bingo.  Every day half the people I run into outside of work are doing the same thing “I go back school… get job”.  Some already have staggering amounts of debt accumulated.  Considering that it is simple as sliding the range finder to the max on the loan amoant and then pressing the “Get Money” button for students I am surprised that the bubble hasn’t burst already (I wish I was making this up…. Students can literally log into their online account and get up to $15,000 a semester depending on grants available etc.).  Far too many long term unemployed are surviving this way and it only gets worse once you consider that they are working on degrees for saturated areas of the job market.  Factor in the diploma mills (I realize it has become harder to tell the difference between the mills and the universities) and I foresee the concept of higher education being devalued to a point where only the core specialties will have meaning.

An it goes on and on from there…

 

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Econ on a Monday

Following up on a post from last week regarding the same…

See Zerohedge here.

While the implications for stocks in general are extensive and were previously discussed, it is worth noting that the Israel Monetary Authority now has a big MTM loss on its Apple investment (although as Greece and the ECB have taught us, a central bank can book a “profit” even when a given security is trading at an all time low, and completely irrelevant of what one’s cost basis is). And where Israel is, it is quite certain that other central banks have boldly ventured as well. So how long until the Fed has to open an FX swap line with Tel Aviv to bailout Stanley Fischer in this latest of hare brained schemes to keep the Ponzi system going? And how long until it has to be extended to the nearly 250 hedge funds who are now also long the stock, with the universe of incremental buyers disappearing by the day? What is most stunning is that Apple dipped a modest 3% intraday… Which just happened to be the biggest decline since November 2010.

Uh, oops?

Guys, you do realize that a foreign central bank of a nation who is essentially a global power just took a hit because the new iPad3 announcement (or whatever) didn’t make the street happy, right?

As mentioned before, this is just another bucket in a long line of buckets in which they are trying to dump fiat currency in order to inflate some kind of bubble where there wasn’t one before.

Of course, as with previously disastrous information related to the economy, this will go unnoticed and unreported by any media outlet that is not Zerohedge or a blog. This is akin to the Fed monetizing the debt back in 2008/2009. Only this time, you will see noticeable results in the very short term.

This is some seriously scary excrement.