Update for 10/17 Weekly

Here it is.... current conditions and expectations. Synopsis: There are small signs of improvement in short-term commercial credit - needs confirmation. Read http://market-ticker.denninger.net and http://tickerforum.org

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[1310monster]

I think they have even faked you out Karl. Love your stuff just don't see how you can pull anything positive out of this week other than a couple days at the end of the week where something looks like it might be upturning. I'm hearing reports of a digital cash bank run late in the day on Friday...

[kdenninger]

The only positive - at all - is that there IS some evidence the short-term credit markets are unlocking - a SMALL AMOUNT.

If that continues, its good. If not....

[stracinsrt4]

K, What the hell is up with metals crashing(I've got some) and what are your thoughts on future inflation after the banks get to injecting all this liquidity?

[kdenninger]

Don't listen to the idiot goldbugs. You will get smashed. In a deflationary credit collapse (which is what we're in) that's what happens.

[smhutson]

Karl, what do you see happening to silver in the next 6 months to a year???

Thanks

[kdenninger]

Silver under $6 and/or Gold under $200 is a screaming buy.

Over that price? Nope. Deflationary credit collapses have a nasty habit of hammering the price of "precious metals."

[DsmB2007]

Just read your blog Karl!!!

Unreal..the actual terrorists who are undermining our American Way..are actually the BANKERS..and their "dealers" are Paulson, Bernake and probably at one time Greenspan!!!

Why isn't everyone up in arms about that???

Unreal..Wake up America!!

[ghosty426]

Well, according to what Karl said, they just delayed the crash until a later date. What a nice parting gift Bush and his cronyies are leaving. Nonetheless, people should avoid the panic and keep preparing! Don't get too optimistic. This economy has a Dick Chaney heart!

[doctorofghetto]

With the U.S. Economy going to collapse, our government is going to exercise Martial Law, thanks to the "ompf" from the House Bill: H.R. 645. Tell you local representative about oppsoing HR 645 being passed. I did to Greogory Meeks, 3 times/one with delivery confirmation.

Be Persistant guys

[dave777blaster]

I suggest doing what the people did during the depression that managed to make it through the tunnel batter than most

Buy land plant your fod

[spryspy7]

what do you suggest?

[zappos49]

peter schiff cnbc now!!!!!

[Weaseldog2001]

In Argentina they gave away their assets and cash for pennies on the dollar.

It didn't fix anything for them.

[bas058]

Thanks for another lucid video.

It's actually about f---ing time car loans got tougher. When I was a college teacher my jaw dropped regularly when I saw the way they were handing out car loans to college kids. If you have a car you owe 7K on and it is only worth 5K, the financially intelligent thing to do is to keep driving the damned thing. A properly taken care of car worth five k is a perfectly functinonal vehicle to get to work and the store.

I haven't stopped hoarding food yet.

[nidan206]

what about the inflation everywhere else?

[mustangjake2073]

Severance pay was the main sticking point. I even told others not to sue the bank for it. The bank itself will mostly likely be gone before any court date arrives.

The treasury is coming after the good banks who didn't do any of these subprimes and credit lines first. They will use the actual depositor money to back wall street. Thanks for voting for the bailout you congress crooks. They signed a death clause for the strong community banks.

[badonkadonk34]

Another great video. "The credit monster is gonna eat everything it needs to satisfy itself" - fantastic line. love it.

[dave777blaster]

forget stks forget gold and silver they are paths to starvation.

no matter how many dollars you have they will be worth nothing soon.